Classes of Certificates; Distributions on Certificates Sample Clauses

Classes of Certificates; Distributions on Certificates. The Series of Certificates authorized by the Trust Agreement and this Issue Supplement shall be divided into two Classes of Certificates having the terms and provisions hereinafter set forth. The Class designations, original Class Certificate Principal Balances and Final Distribution Dates shall be as follows:
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Classes of Certificates; Distributions on Certificates. The Series of Certificates authorized by the Trust Agreement and this Issue Supplement shall be divided into nine Classes of Certificates having the terms and provisions hereinafter set forth. The Class designations, original Class Certificate Principal Balances, Certificate Interest Rates and Final Distribution Dates shall be as follows: Designation Original Class Certificate Principal Balance Certificate Interest Rate Final Distribution Date Class 71-A $159,368,000 7.50% January 2027 Class 71-B 20,000,000 7.50% January 2025 Class 71-C 30,000,000 7.50% May 2026 Class 71-D 5,000,000 7.50% January 2027 Class 71-F 11,276,666 (1) January 2027 Class 71-S 2,255,334 (1) January 2027 Class 71-FA 18,416,666 (1) January 2025 Class 71-SA 3,683,334 (1) January 2025 Class 71-R (2) (2) January 2027
Classes of Certificates; Distributions on Certificates. The Series of Certificates authorized by the Trust Agreement and this Issue Supplement shall be divided into eight Classes of Certificates having the terms and provisions hereinafter set forth. The Class designations, original Class Certificate Principal Balances and Final Distribution Dates shall be as follows: Original Class Certificate Final Class Designation Principal Balance Distribution Date ----------------- ----------------- ----------------- ZAQS1007 $3,274,000 January 25, 2020 ZBQM1001 $577,124 December 25, 2019 ZCQS1004 $724,400 January 25, 2020 ZK1M1012 $4,328,108 December 25, 2034 ZQ1S1013 $2,884,000 January 25, 2020 ZR1M1004 $683,087 December 25, 2034 On each Distribution Date for a Class of Certificates, Xxxxxx Mac shall distribute the related Certificate Distribution Amount and any Net Prepayment Premiums for such Class to the Certificateholders of such Class as of the related Record Date. Amounts distributed in respect of clause (b) of the definition of Certificate Distribution Amount shall be applied in reduction of the Certificate Principal Balances of the Certificates. All distributions of the Certificate Distribution Amount and any Net Prepayment Premiums for a Class shall be applied on a pro rata basis among the Certificates of such Class. Net Prepayment Premiums shall not be applied to accrued certificate interest on or to reduce the Certificate Principal Balance of any Certificate.
Classes of Certificates; Distributions on Certificates. The Series of Certificates authorized by the Trust Agreement and this Issue Supplement shall be divided into five Classes of Certificates having the terms and provisions hereinafter set forth. The Class designations, original Class Certificate Principal Balances, Certificate Interest Rates and Final Distribution Dates shall be as follows: Designation Original Class Certificate Principal Balance Certificate Interest Rate Final Distribution Date Class 6-A $14,308,484 (1) March 2024 Class 6-SA (2) (3) March 2024 Class 6-B 23,382,986 (1) September 2023 Class 6-SB (4) (3) September 2023 Class 6-R 1,000 (1) March 2024
Classes of Certificates; Distributions on Certificates. The Series of Certificates authorized by the Trust Agreement and this Issue Supplement shall be divided into two Classes of Certificates having the terms and provisions hereinafter set forth. The Class designations, original Class Certificate Principal Balances and Final Distribution Dates shall be as follows: Original Class Designation Certificate Final Distribution Designation Principal Balance Date Class QM1013 $ 742,746 July 25, 2025 Class QS1013 $ 12,348,100 January 25, 2026 On each Distribution Date for a Class of Certificates, Xxxxxx Mac shall distribute the related Certificate Distribution Amount and any Net Prepayment Premiums for such Class to the Certificateholders of such Class as of the related Record Date. Amounts distributed in respect of clause (b) of the definition of Certificate Distribution Amount shall be applied in reduction of the Certificate Principal Balances of the Certificates. All distributions of the Certificate Distribution Amount and any Net Prepayment Premiums for a Class shall be applied on a pro rata basis among the Certificates of such Class. Net Prepayment Premiums shall not be applied to accrued certificate interest on or to reduce the Certificate Principal Balance of any Certificate.
Classes of Certificates; Distributions on Certificates. The Series of Certificates authorized by the Trust Agreement and this Issue Supplement shall be divided into two Classes of Certificates having the terms and provisions hereinafter set forth. The Class designations, original Class Certificate Principal Balances and Final Distribution Dates shall be as follows: Original Class Certificate Final Class Designation Principal Balance Distribution Date ----------------- ----------------- ----------------- FH1M1001 $19,388,366 April 25, 2034 FM1M1001 $7,516,453 April 25, 2019 On each Distribution Date for a Class of Certificates, Xxxxxx Mac shall distribute the related Certificate Distribution Amount to the Certificateholders of such Class as of the related Record Date. Amounts distributed in respect of clause (b) of the definition of Certificate Distribution Amount shall be applied in reduction of the Certificate Principal Balances of the Certificates. All distributions of the Certificate Distribution Amount for a Class shall be applied on a pro rata basis among the Certificates of such Class.
Classes of Certificates; Distributions on Certificates. The Series of Certificates authorized by the Trust Agreement and this Issue Supplement shall be divided into the Classes of Certificates listed on the cover of the Prospectus Supplement, which Classes shall have the Class designations, original Class Certificate Principal Balances, Certificate Interest Rates and Final Distribution Dates specified in the Prospectus Supplement. The Class 9-R Certificate is hereby designated as the sole Class of “residual interest” in the REMIC within the meaning of Section 860G(a)(2) of the Code. Each remaining Class of Certificates is hereby designated as a “regular interest” in the REMIC within the meaning of Section 860G(a)(1) of the Code. No distributions of principal or interest shall be made on the Class 9-R Certificate, except that any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentation and surrender of the Class 9-R Certificate at the Corporate Trust Office or such other office or address as may be specified in the notice of such final distribution from Xxxxxx Mae. Xxxxxx Xxx hereby initially appoints State Street Bank and Trust Company at its corporate trust office as Paying Agent for the purpose of making distributions on the Class 9-R Certificate as provided herein. Xxxxxx Mae shall distribute to the Class 9-R Certificateholder the proceeds of the remaining assets of the Trust Fund, if any, after the Class Certificate Principal Balance of each Class of Certificates has been reduced to zero. Interest on each Class of interest-bearing Certificates for the related Interest Accrual Period at the Certificate Interest Rate shall be distributed on each applicable Distribution Date. The total amount of interest distributed with respect to any Certificate on any Distribution Date shall be equal to one month’s interest at the Certificate Interest Rate on the Certificate Principal Balance thereof immediately prior to such Distribution Date. On each Distribution Date, distributions in reduction of the Certificate Principal Balances of the Certificates shall be made in an amount equal to the Principal Distribution Amount and shall be distributed in the amounts and priorities specified in the Prospectus Supplement.
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Related to Classes of Certificates; Distributions on Certificates

  • Distributions on the Certificates (a) Interest and principal on the Certificates will be distributed monthly on each Distribution Date, commencing in January 2002, in an aggregate amount equal to the sum of the Available Funds for such Distribution Date.

  • DISTRIBUTIONS TO HOLDERS OF CERTIFICATES Section 5.01 Distributions Generally. Section 5.02 Distributions from the Certificate Account. Section 5.03 Allocation of Losses. 92 Section 5.04 Advances by Master Servicer, Servicers and Securities Administrator. Section 5.05 Compensating Interest Payments. Section 5.06 Basis Risk Reserve Fund.

  • Distributions on Book-Entry Certificates Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, which shall credit the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a “brokerage firm” or “indirect participating firm”) for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. All such credits and disbursements with respect to a Book-Entry Certificate are to be made by the Depository and the Depository Participants in accordance with the provisions of the Certificates. None of the Trustee, the Depositor or the Seller shall have any responsibility therefor.

  • Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations The aggregate principal amount of the Certificates that may be authenticated and delivered under this Agreement is limited to the aggregate Principal Balance of the Mortgage Loans as of the Cut-Off Date, as specified in the Preliminary Statement to this Agreement, except for Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates pursuant to Section 5.03. Such aggregate principal amount shall be allocated among one or more Classes having designations, types of interests, initial per annum Certificate Interest Rates, initial Class Principal Balances and Final Maturity Dates as specified in the Preliminary Statement to this Agreement. The aggregate Percentage Interest of each Class of Certificates of which the Class Principal Balance equals zero as of the Cut-Off Date that may be authenticated and delivered under this Agreement is limited to 100%. Certificates shall be issued in Authorized Denominations.

  • Designation of Trust and Certificates The Trust created hereby shall be known as the "Corporate Backed Trust Certificates, AT&T Note-Backed Series 2004-2 Trust." The Certificates evidencing certain undivided ownership interests therein shall be known as "Corporate Backed Trust Certificates, AT&T Note-Backed Series 2004-2." The Certificates shall consist of the Class A-1 Certificates and the Class A-2 Certificates (together, the "Certificates"). The Trust is also issuing call warrants with respect to the Certificates ("Call Warrants").

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