Initial Interest Distribution Date definition

Initial Interest Distribution Date. With respect to each applicable Accrual Class, the Distribution Date specified in the related Prospectus Supplement as the first Distribution Date on which interest will be paid in respect of that Class.
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Initial Interest Distribution Date. As to the Class 28-ZA Certificates, the Distribution Date following the Distribution Date on which the Class Certificate Principal Balance of the Class 28-K Certificates has been reduced to zero.
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Initial Interest Distribution Date. Not applicable.
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Examples of Initial Interest Distribution Date in a sentence

  • Interest accrued on each Lower Tier Accrual Class during each Interest Accrual Period prior to the Interest Accrual Period relating to the Initial Interest Distribution Date for the applicable Companion Class shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.

  • On each Distribution Date prior to the Initial Interest Distribution Date, interest accrued on the Accrual Certificates during the related Interest Accrual Period therefor shall not be distributable thereon but shall instead be added to the Class Certificate Principal Balance thereof on each Distribution Date.

  • Interest accrued with respect to the Accrual Class during any Interest Accrual Period shall not be distributed thereon as interest until the Initial Interest Distribution Date.

  • Interest accrued on the Lower Tier Accrual Class during each Interest Accrual Period prior to the Interest Accrual Period relating to the Initial Interest Distribution Date for its Companion Class shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.

  • Prior to the Initial Interest Distribution Date, interest accrued on the Accrual Certificates during the Interest Accrual Period prior to a Distribution Date shall not be distributed but instead shall be added to the Class Certificate Principal Balance thereof on such Distribution Date.

  • On each Interest Distribution Date prior to the Initial Interest Distribution Date for an Accrual Certificate, interest that has accrued (determined as described above) on such Certificate during the preceding Interest Accrual Period shall be added to the Current Principal Amount of such Certificate and shall thereafter accrue interest from [the date one month prior to] such Interest Distribution Date.

  • On each Distribution Date prior to the Initial Interest Distribution Date, the interest accrued on Lower Tier Interest 9 during the prior Interest Accrual Period shall not be distributed thereon on the following Distribution Date but shall instead be added to the Principal Balance thereof.

  • Prior to the applicable Initial Interest Distribution Date, interest accrued with respect to each Accrual Class during any Interest Accrual Period prior to a Distribution Date shall not be distributed thereon as interest but instead shall be added to the Class Balance thereof on such Distribution Date.

  • Interest accrued with respect to the Accrual Classes during any Interest Accrual Period shall not be distributed thereon until the Initial Interest Distribution Date.

  • Interest accrued with respect to the Accrual Classes during any Interest Accrual Period shall not be distributed thereon as interest prior to the applicable Initial Interest Distribution Date.


More Definitions of Initial Interest Distribution Date

Initial Interest Distribution Date. With respect to Lower Tier Interest 4 and the Accrual Certificates, the Distribution Date following the Distribution Date on which the Class Certificate Principal Balance of the Class 7-C Certificates has been reduced to zero.
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Initial Interest Distribution Date. With respect to any Accrual Certificate, the earlier of the Initial Principal Distribution Date for such Certificate and the Principal Distribution Date, if any, prior thereto on which the entire outstanding principal balance of the Class of Regular Certificates having the next earliest Final Distribution Date has been distributed.
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Initial Interest Distribution Date. As to the Class of Accrual Certificates, the Distribution Date following the Distribution Date upon which such Class receives its first distribution of principal.
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Initial Interest Distribution Date. As to the Class 17-ZA Certificates, the Distribution Date following the Distribution Date upon which the Class Certificate Principal Balance of the Class 17-VC Certificates is reduced to zero. As to the Class 17-ZB Certificates, the Distribution Date following the Distribution Date upon which the Class Certificate Principal Balance of the Class 17-VG Certificates is reduced to zero.
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Related to Initial Interest Distribution Date

  • Class Optimal Interest Distribution Amount With respect to any Distribution Date and interest-bearing Class, the sum of (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class, on the related Class Certificate Balance or Notional Amount, as applicable, immediately prior to such Distribution Date, subject to reduction pursuant to Section 4.02(d), and (ii) any Class Unpaid Interest Amounts for such Class.

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Current Class B Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class B Certificates pursuant to Paragraphs fifth, eighth, eleventh, fourteenth, seventeenth and twentieth of Section 4.01(a) on such Distribution Date.

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.