Examples of Class C Distributable Amount in a sentence
For federal income tax purposes, including the computation of the Class C Distributable Amount, the Net Rate Cap for the Class 1-A, Class 2-A and Subordinate Certificates shall be the Group 1 Tax Net Rate Cap, the Group 2 Tax Net Rate Cap and the Subordinate Tax Net Rate Cap, respectively.
The Servicer shall calculate on each Determination Date the Total Available Amount, the Available Interest, the Available Principal, the Class A Distributable Amount, the Class B Distributable Amount and the Class C Distributable Amount and, based on the Total Available Amount and the other distributions to be made on such Payment Date, determine the amount distributable to Certificateholders of each class.
For federal income tax purposes (including the computation of Net Rate Carryover and the Class C Distributable Amount), the Net Rate Cap for the Class 1-A, Class 2-A and Subordinate Certificates shall be the Group 1 Tax Net Rate Cap, the Group 2 Tax Net Rate Cap and the Subordinate Tax Net Rate Cap, respectively.
For federal income tax purposes, including the computation of the Class C Distributable Amount and entitlement to Net Rate Carryover the pass-through rate in respect of each Class 1 Certificate, Class 2 Certificate and Class M Certificate will be subject to a cap equal to the Strip REMIC Cap rather than its applicable Net Rate Cap.