Examples of Class A Certificates in a sentence
On each Distribution Date, Xxxxxx Xxx shall withdraw from the Certificate Account the portion of the Certificate Distribution Amount distributable thereon and shall make the distributions to the Holders of the Class A Certificates in the amount and in the manner determined pursuant to Section 3.01.
The Class A Certificates shall be in authorized denominations of $1,000 and integral multiples of $1 in excess thereof.
Interest on the Class A Certificates for the related Interest Accrual Period at the Certificate Interest Rate shall be distributed on each Distribution Date.
In connection with the issuance of the Class A Certificates, Xxxxxx Xxx has determined that distributions on the Xxxxxx Mae Security will be sufficient to reduce the Class Certificate Principal Balance thereof to zero on or before its Final Distribution Date without the necessity of any call on Xxxxxx Xxx under its guaranty pursuant to Section 3.03.
The Class A Certificates shall be issued in book- entry form and shall be maintained in the names of the record owners thereof as entries on the books of a Reserve Bank.