Accretion Directed Certificates Clause Samples
The Accretion Directed Certificates clause establishes the terms under which certificates, typically representing interests in a financial instrument or trust, are subject to accretion—meaning their principal balance increases over time according to specified rules. In practice, this clause details how and when the accretion occurs, such as through the reinvestment of interest or principal payments, and may specify which classes of certificates are eligible for accretion. The core function of this clause is to provide a clear framework for the growth of certificate balances, ensuring transparency for investors and proper allocation of cash flows within the structure.
Accretion Directed Certificates. None. Accrual Certificates.................. None. Accrual Components.................... None. Book-Entry Certificates............... All Classes of Certificates other than the Physical Certificates. Certificate Group..................... With respect to Pool I, the Group I Senior Certificates, and with respect to Pool II, the Group II Senior Certificates. The Subordinated Certificates correspond to all the Mortgage Pools. COFI Certificates..................... None. Component Certificates................ None. Components............................ None. Delay Certificates.................
Accretion Directed Certificates. The Class A-6 Certificates. Accrual Certificates ....................... The Class A-7 Certificates. Accrual Components ......................... None. Book-Entry Certificates .................... All Classes of Certificates other than the Physical Certificates. COFI Certificates .......................... None. Component Certificates ..................... None. Components ................................. None.
Accretion Directed Certificates. Class 1-A-1 and Class 3-A-2 Certificates. Accretion Directed Components.......None. Accrual Certificates................Class 1-A-2 and Class 3-A-3 Certificates. Accrual Components..................None. Book-Entry Certificates.............All Classes of Certificates other than the Physical Certificates.
Accretion Directed Certificates. None. Accrual Certificates............... None. Accrual Components................. None.
Accretion Directed Certificates. Any of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-6 and Class A-8 Certificates.
Accretion Directed Certificates. The Class 1-A-5 and Class 1-A-24 Certificates. Accretion Termination Date: Either of the Class 1-A-6 Accretion Termination Date or the Class 1-A-25 Accretion Termination Date.
Accretion Directed Certificates. The Class 2-A-4, Class 2-A-5, Class 2-A-6 and Class 2-A-7 Certificates.
Accretion Directed Certificates. The Class IA-5, Class IA-7, Class IA-8, Class IIA-6, Class IIA-7, Class IIA-9, Class IIA-10 and Class IIA-11 Certificates. Accretion Directed Component: Component IIA-8-4 of the Class IIA-8 Certificates.
Accretion Directed Certificates. The Class 1-A-5, Class 1-A-17, Class 1-A-18 and Class 1-A-19 Certificates.
Accretion Directed Certificates. Any of the Class NB-1, Class NB-3 and Class NB-4 Certificates.