Common use of Class Factors Clause in Contracts

Class Factors. The Administrator, on behalf of the Trustee, shall make payments in the amounts reflected in its monthly Class Factors for each Class of Pass-Through Certificates for which Class Factors are provided until such time as the Administrator determines that a more accurate or more practicable method for calculating payments is available and the Administrator implements that method. The Administrator may make changes to its Class Factor methodology from time to time. The Administrator shall calculate the amount of principal to be paid on, and the Class Factor for, each Class of Pass-Through Securities for each month using the GNMA Principal Payment Amount for that month.