Class BV-1 Current Interest definition

Class BV-1 Current Interest. With respect to any Distribution Date, the interest accrued on the Class BV-1 Certificate Principal Balance immediately prior to such Distribution Date during the related Accrual Period at the Class BV-1 Pass Through Rate plus any amount previously distributed with respect to interest for Class BV-1 that is recovered during the related Accrual Period as a voidable preference by a trustee in bankruptcy pursuant to a final, nonappealable order; provided, however, Class BV-1 Current Interest shall not include any Class BV-1 Certificates Carryover.
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Class BV-1 Current Interest. Class BV-2 Current Interest": "Class BV-3 Current Interest": With respect to any Distribution With respect to any Distribution With respect to any Distribution Date, the interest accrued on the Date, the interest accrued on the Date, the interest accrued on the Class BV-1 Certificate Principal Class BV-2 Certificate Principal Class BV-3 Certificate Principal Balance immediately prior to such Balance immediately prior to such Balance immediately prior to such Distribution Date during the related Distribution Date during the related Distribution Date during the related Accrual Period at the Class BV-1 Pass Accrual Period at the Class BV-2 Accrual Period at the Class BV-3 Through Rate plus any amount Pass Through Rate plus any amount Pass Through Rate plus any amount previously distributed with respect previously distributed with respect previously distributed with respect to interest for Class BV-1 that is to interest for Class BV-2 that is to interest for Class BV-3 that is recovered during the related Accrual recovered during the related Accrual recovered during the related Accrual Period as a voidable preference by a Period as a voidable preference by a Period as a voidable preference by a trustee in bankruptcy pursuant to a trustee in bankruptcy pursuant to a trustee in bankruptcy pursuant to a final, nonappealable order; provided, final, nonappealable order; final, nonappealable order; however, Class BV-1 Current Interest provided, however, Class BV-2 provided, however, Class BV-3 shall not include any Class BV-1 Current Interest shall not include Current Interest shall not include Certificates Carryover. any Class BV-2 Certificates any Class BV-3 Certificates Carryover. Carryover.
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Class BV-1 Current Interest. With respect to any Distribution Date, the interest accrued on the Class MV-2 Distribution Date, the interest accrued on the Class Certificate Principal Balance immediately prior to such BV-1 Certificate Principal Balance immediately prior to Distribution Date during the related Accrual Period at the such Distribution Date during the related Accrual Class MV-2 Pass Through Rate plus any amount previously Period at the Class BV-1 Pass Through Rate plus any distributed with respect to interest for Class MV-2 that amount previously distributed with respect to interest is recovered during the related Accrual Period as a for Class BV-1 that is recovered during the related voidable preference by a trustee in bankruptcy pursuant to Accrual Period as a voidable preference by a trustee in a final, nonappealable order; provided, however, Class bankruptcy pursuant to a final, nonappealable order; MV-2 Current Interest shall not include any Class MV-2 provided, however, Class BV-1 Current Interest shall Certificates Carryover. not include any Class BV-1 Certificates Carryover.
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More Definitions of Class BV-1 Current Interest

Class BV-1 Current Interest. As of any Distribution Date, the interest accrued during the related Accrual Period at the Class BV-1 Certificate Rate on the Class BV-1 Class Certificate Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or Class BV-1 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Prepayment Interest Shortfalls allocated on such Distribution Date to the Class BV-1 Certificates.
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Related to Class BV-1 Current Interest

  • Class C Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class C Distributable Interest Rate on a notional amount equal to the aggregate principal balance of the Lower Tier REMIC Regular Interests immediately prior to such Distribution Date, plus the interest portion of any previous distributions on such Class that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class C Certificates.

  • Class A-1 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class A-1 Pass-Through Rate on the Class A-1 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or a Class A-1 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class A-1 Certificates.

  • Class M-1 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-1 Pass-Through Rate on the Class M-1 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or Class M-1 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-1 Certificates.

  • Current Interest With respect to each Class of Certificates and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate during the related Accrual Period on the Class Principal Amount or Class Notional Amount, as applicable, of such Class prior to any distributions of principal, allocations of Realized Losses or allocations of Certificate Writedown Amounts prior to such Distribution Date.

  • Class M-2 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-2 Pass-Through Rate on the Class M-2 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or Class M-2 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-2 Certificates.