Class Unpaid Interest Amounts definition

Class Unpaid Interest Amounts. As to any Distribution Date and Class of interest bearing Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Class Optimal Interest Distribution Amount.
Class Unpaid Interest Amounts. As to any Distribution Date and Class of interest-bearing Group I, Group II, Group III, Group IV, Group V and Group C-B Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Interest Distribution Amount.
Class Unpaid Interest Amounts. As to any Distribution Date and Class of interest-bearing Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Class Optimal Interest Distribution Amount. Closing Date: May 30, 2007. Code: The Internal Revenue Code of 1986, including any successor or amendatory provisions. COFI: Not applicable.

Examples of Class Unpaid Interest Amounts in a sentence

  • Class Unpaid Interest Amounts ----------------------------- As to any Distribution Date and any Class of Offered Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount of Class Unpaid Interest Amounts distributed on such Class on prior Distribution Dates plus interest on such amount at the related Pass-Through Rate.

  • As to any Distribution Date and any Class of Offered Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount of Class Unpaid Interest Amounts distributed on such Class on prior Distribution Dates plus interest on such amount at the related Pass-Through Rate.

  • Class Unpaid Interest Amounts, Realized Losses, Fraud Losses, Special Hazard Losses, Bankruptcy Losses and Excess Losses shall be allocated to the Lower-Tier REMIC Regular Interests in the same manner as they are allocated to the Corresponding Class or Classes of Certificates pursuant to Section 4.03.


More Definitions of Class Unpaid Interest Amounts

Class Unpaid Interest Amounts. As to any Distribution Date and Class of interest- bearing Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates.
Class Unpaid Interest Amounts. As to any Distribution Date and any interest-bearing Class of Non-Group 6 Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Accrued Certificate Interest for such Class.
Class Unpaid Interest Amounts. Compensating Interest," "Deficiency Amount," Engagement Letter," "Event of Default," "Excess Loss," "Fraud Loss Coverage Amount," "Fraud Loss Coverage Termination Date," "Fraud Losses," "Initial Bankruptcy Loss Coverage Amount," "Insolvency Proceeding," "Insured Amounts," Insured Payments," "Late Payment Rate," "Net Prepayment Interest Shortfall," "Order," "Original Applicable Credit Support Percentage," "Preference Amounts," "Premium Percentage," "Prepayment Interest Shortfall," "Prepayment Shift Percentage," "Priority Amount," "Priority Percentage," "Realized Loss," "Reimbursement Amount," "Relief Act," "Relief Act Reductions,' "Required Distributions," "Scheduled Principal Distribution Amount," "Senior Percentage," "Senior Prepayment Percentage," "Senior Principal Distribution Amount," "Senior Step Down Conditions," Special Hazard Coverage Termination Date," "Special Hazard Loss," "Special Hazard Loss Coverage Amount," "Subsequent Recoveries" and "Voting Rights" in Article I, and (b) Section 2.03, Section 2.04, Section 3.08, ▇▇▇▇▇▇▇ ▇.▇▇, ▇▇▇▇▇▇▇▇ ▇.▇▇(▇), (▇), (▇), (▇) and (g), Section 4.04, Section 4.05, the second sentence of the second paragraph of Section 5.01, Section 7.01, Section 7.03, Section 9.01, Section 9.02, Section 10.01, Section 10.04, Section 10.09 and Section 10.14. Notwithstanding any contrary provision of this Agreement, the Trustee shall not consent to any amendment to this Agreement unless (i) it shall have first received an Opinion of Counsel, which opinion shall not be an expense of the Trustee or the Trust Fund, to the effect that such amendment will not cause the imposition of any tax on any REMIC created under this Agreement, the Certificateholders or the Class A-6 Insurer or cause any REMIC created hereunder to fail to qualify as a REMIC at any time that any Certificates are outstanding and (ii) because the Trust Fund is required to be a Qualifying Special Purpose Entity (as that term is defined in Statement of Financial Accounting Standards No. 140 ("SFAS 140"), in order for the Seller to continue to account for the transfer of the Mortgage Loans under this Agreement as a sale under SFAS 140, prior to the parties hereto entering into such an amendment, the Trustee shall receive an Officer's Certificate, which shall not be an expense of the Trustee or the Trust Fund, to the effect that such amendment would not "significantly change" (within the meaning of SFAS 140) the permitted activities of the Trust Fund so as to cause the ...
Class Unpaid Interest Amounts. As to any Distribution Date and any interest-bearing Class (other than the Class 6-A-3, Class C-A-1 and Class C-A-2 Certificates) or Component, the amount by which the aggregate Class Interest Shortfalls for such Class or Component on prior Distribution Dates exceeds the amount distributed on such Class or Component on prior Distribution Dates pursuant to clause (ii) of the definition of Accrued Certificate Interest for such Class or Component. Closing Date: April 29, 2003. Code: The Internal Revenue Code of 1986, including any successor or amendatory provisions.
Class Unpaid Interest Amounts. As to any Distribution Date and any interest-bearing Class of Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition ofAccrued Certificate Interest” for such Class. Clean-up Call Price: With respect to each Mortgage Loan (not including REO Properties) to be purchased pursuant to Section 10.01(a) hereof, 100% of the unpaid principal balance of such Mortgage Loan, plus accrued and unpaid interest thereon at the applicable Net Mortgage Rate and any unreimbursed Advances, fees and expenses of the Master Servicer, Trust Administrator and Trustee. Clean-up Call REO Property Price: With respect to each REO Property to be purchased pursuant to Section 10.01(a), the lesser of (x) the appraised value of such REO Property as determined by the higher of two appraisals completed by two independent appraisers selected by the Master Servicer at the expense of the Master Servicer and (y) the unpaid principal balance of each Mortgage Loan related to such REO Property plus accrued and unpaid interest thereon at the applicable Net Mortgage Rate.
Class Unpaid Interest Amounts. As to any Distribution Date and Class of interest-bearing Certificates or P&I Component, the amount by which the aggregate Class Interest Shortfalls for such Class or P&I Component on prior Distribution Dates exceeds the amount distributed on such Class or P&I Component on prior Distribution Dates pursuant to clause (ii) of the definition of Class Optimal Interest Distribution Amount.
Class Unpaid Interest Amounts. As to any Distribution Date and any Class of Offered Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount of Class Unpaid Interest Amounts distributed on such Class on prior Distribution Dates plus interest on such amount at the related Pass-Through Rate. Class X Certificate Any Certificate executed and authenticated by the Trustee substantially in the form attached hereto as Exhibit B-2 and designated as a Class X Certificate. Closing Date November 30, 2005.