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 three 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 nineteen 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 30-PA $23,299,000 7.00% May 2011 Class 30-PB 22,750,000 7.00% May 2017 Class 30-PC 20,958,000 7.00% November 2020 Class 30-PD 15,072,000 7.00% November 2022 Class 30-PE 24,283,000 7.00% June 2025 Class 30-PG 14,187,000 7.00% August 2026 Class 30-A 30,389,000 7.00% May 2025 Class 30-B 200,000 7.00% August 2026 Class 30-K 6,835,000 7.00% November 2025 Class 30-L 13,517,000 7.00% August 2026 Class 30-C 3,565,000 (1) August 2026 Class 30-D 4,461,000 8.00% June 2025 Class 30-E 1,877,000 8.00% July 2025 Class 30-G 2,275,000 8.00% September 2025 Class 30-H 1,693,000 8.00% October 2025 Class 30-J 10,139,000 8.00% August 2026 Class 30-F 4,000,000 (2) August 2026 Class 30-S 500,000 (2) August 2026 Class 30-R 0 0% August 2026 (1) The Class 30-C Certificates shall be Principal Only Certificates and shall not bear interest. (2) The following Classes of Certificates shall bear interest during their respective initial Interest Accrual Periods at the respective initial Certificate Interest Rates set forth below, and shall bear interest during each Interest Accrual Period thereafter, at the applicable rates determined as described below: Initial Certificate Maximum Minimum Formula for Calculation of Class Interest Rate Certificate Interest Rate Certificate Interest Rate Certificate Interest Rate Class 30-F 6.7539% 9.0% 1.25% LIBOR + 125 basis points Class 30-S 17.9723% 62.0% 0.00% 62% - (8.0 x LIBOR) (3) The Class 30-R Certificate does not have a Class Certificate Principal Balance and does not bear interest. The Class 30-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 30-R Certificate except that any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentation and surren...
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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 5-A $173,550,000 7.00% January 2021 Class 5-B 23,210,000 7.00 September 2017 Class 5-C 34,420,000 7.00 April 2021 Class 5-D 14,950,000 7.00 November 2021 Class 5-VA 10,160,000 7.00 February 2002 Class 5-VB 14,450,000 7.00 February 2007 Class 5-VC 29,885,000 7.00 December 2013 Class 5-Z 24,375,000 7.00 February 2027 Class 5-R (1) (1) February 2027 (1) The Class 5-R Certificate does not have a Class Certificate Principal Balance and does not bear interest. The Class 5-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 5-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 5-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 5-R Certificate as provided herein. Xxxxxx Mae shall distribute to the Class 5-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 Distribution Date, except for interest on the Accrual Certificates as described below. The total amount of interest either distributed or added to the Certificate Principal Balance with respect to any Certificate on any Distribution Date shall be equal to one month’s interest at the Certificate ...
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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 six 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 ----------------- ----------------- ----------------- ZAQM1007 $2,019,766 May 25, 2020 ZAQS1008 $8,123,012 July 25, 2020 ZBQS1008 $1,245,000 July 25, 2020 ZJ1M1008 $3,381,740 March 25, 2035 ZK1M1013 $1,223,509 March 25, 2035 ZQ1S1014 $2,744,500 July 25, 2020 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.
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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 four Classes of Certificates having the terms and provisions herein after set forth. The Class designations, original Class Certifi cate Principal Balances and Final Distribution Dates shall be as follows: Original Class Certificate Final Principal Distribution Designation Balance Date Class AA1002 $2,250,500 January 25, 2012 Class AS1003 4,630,860 July 25, 2011 Class CA1001 2,495,000 January 25, 2002 Class CS1001 3,325,000 July 25, 0000 Xx 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.
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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 eleven 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 42-A $109,741,000 7.125% April 2025 Class 42-B 9,973,000 7.125% February 2026 Class 42-LL 13,404,000 7.500% September 2026 Class 42-C 706,000 (1) September 2026 Class 42-F 12,806,000 (2) September 2026 Class 42-S 3,370,000 (2) September 2026 Class 42-G 43,865,000 6.500% September 2023 Class 42-H 20,000,113 6.500% September 2023 Class 42-J 3,847,500 (1) September 2012 Class 42-K 21,554,319 6.500% July 2023 Class 42-R (3) (3) September 2026 (1) The Class 42-C and Class 42-J Certificates shall be Principal Only Certificates and shall not bear interest.
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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 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.
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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 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.
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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. (i) On each Distribution Date, the Available Funds shall be distributed as follows: (A) On each Distribution Date prior to the Cross-Over Date, the Group 1 Available Funds will be distributed in the following order of priority among the Group 1 Senior Certificates: first, to the Class I-A Certificates, the Accrued Certificate Interest on such Class for such Distribution Date; second, to the Class I-A Certificates, any Accrued Certificate Interest thereon remaining undistributed from previous Distribution Dates, to the extent of remaining Group 1 Available Funds; third, to the Group 1 Senior Certificates, the Group 1 Optimal Principal Amount for such Distribution Date to the extent of remaining Group 1 Available Funds, until the Current Principal Amount of the Group 1 Senior Certificates has been reduced to zero. (B) On each Distribution Date prior to the Cross-Over Date, the Group 2 Available Funds will be distributed to the Group 2 Senior Certificates as follows: first, to the Group 2 Senior Certificates, the Accrued Certificate Interest on such Class for such Distribution Date; second, to the Group 2 Senior Certificates, any Accrued Certificate Interest thereon remaining undistributed from previous Distribution Dates, to the extent of remaining Group 2 Available Funds; third, sequentially, in the following order, to the Class R-I, Class R-II and Class II-A Certificates, in reduction of the Current Principal Amounts thereof, the Group 2 Senior Optimal Principal Amount for such Distribution Date to the extent of remaining Group 2 Available Funds, until the Current Principal Amounts thereof have been reduced to zero; (C) Except as provided in (D) and (E) below, on each Distribution Date prior to the Cross-Over Date, an amount equal to any remaining Group 1 and Group 2 Available Funds after the distributions in (A) and (B) above will be distributed sequentially, in the following order, to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates, in each case up to an amount equal to and in the following order: (a) the Accrued Certificate Interest thereon for such Distribution Date, (b) any Accrued Certificate Interest thereon remaining undistributed from previous Distribution Dates and (c) such Class's Allocable Share for such Distribution Date, in each case, to the extent of remaining Available Funds. (D) On each Distribution Date prior to the Cross-Over Date, but after the reduction of the Current Principal Amount of the Group 1 or Group 2 Senior Certificates to zero, the remaining Class or Classes of Senior Certificates will be entitled to receive in reduction of their Current Principal Amounts, pro rata based upon their Current Principal Amounts immediately prior to such Distribution Date, in addition to any Principal Prepayments related to such remaining Senior Certificates' respective Loan Group allocated to such Group of Senior Certificates, 100% of the Principal Prepayments on any Mortgage Loan in the Loan Group relating to the fully repaid Class of Senior Certificates; provided, however, that if (A) the weighted average Subordinate Percentage equals or exceeds 6.20% on such Distribution Date and (B) the aggregate Scheduled Principal Balance of the Mortgage Loans delinquent 60 days or more (including for this purpose any such Mortgage Loans in foreclosure and Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust), averaged over the last six months, as a percentage of the sum of the aggregate Current Principal Amount of the Subordinate Certificates does not exceed 100%, then the additional allocation of Principal Prepayments to the Senior Certificates in accordance with this clause (D) will not be made. (E) If on any Distribution Date on which the aggregate Current Principal Amount of any Class or Classes of Senior Certificates would be greater than the aggregate Scheduled Principal Balance of the Mortgage Loans in its related Loan Group and any Subordinate Certificates are still outstanding in each case after giving effect to distributions to be made on such Distribution Date, (i) 100% of amounts otherwise allocable to the Subordinate Certificates in respect of principal will be distributed to such Class or Classes of Senior Certificates in reduction of the Current Principal Amounts thereof, until the aggregate Current Principal Amount of such Class or Classes of Senior Certificates is an amount equal to the aggregate Scheduled Principal Balance of the Mortgage Loans in its related Loan Group, and (ii) the Accrued Certificate Interest otherwise allocable to the Subordinate Certificates on such Distribution Date will be reduced, if necessary, and distributed to such Class or Classes of Senior Certificates in an amount equal to the Accrued Certificate Interest for such Distribution Date on the excess of (x) the aggregate Current Principal Balance of such Class or Classes of Senior Certificates over (y) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Loan Group. Any such reduction in the Accrued Certificate Interest on the Subordinate Certificates will be allocated in reverse order of the Subordinate Certificates numerical designations, commencing with the Class B-6 Certificates.

  • Distributions to Holders of Certificates Section 5.01.

  • 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.

  • Class PO Certificates Private Certificates..................................... Class P, Class B-4, Class B-5 and Class B-6 Certificates. Rating Agencies.......................................... Fitch and S&P. Regular Certificates..................................... All Classes of Certificates other than the Class A-R Certificates. Residual Certificate..................................... Class A-R Certificates.

  • 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.

  • DISTRIBUTIONS IN RESPECT OF CERTIFICATES PAYMENTS TO CERTIFICATEHOLDERS;

  • TERMS FOR CERTIFICATES Section 11.01 Cut-Off Date................................................. Section 11.02 Cut-Off Date Aggregate Principal Balance..................... Section 11.03

  • Designation of Trust and Certificates (a) The Trust ------------------------------------- created hereby shall be known as the "[NAME OF] Certificates Trust, Series 199[__]-[SERIES DESIGNATION]", the Certificates evidencing certain undivided ownership interests therein shall be known as "[NAME OF] Certificates, Series 199[__]-[SERIES DESIGNATION]", the Retained Interest evidencing certain undivided ownership interests in the remainder of the Underlying Securities (as described on Schedule II hereto) shall be known as the "Series 199[__]-[SERIES DESIGNATION] Retained Interest" and the Call Warrant evidencing certain undivided ownership interests in the remainder of the Underlying Securities (as described on Schedule III hereto) shall be known as the "Series 199[__]-[SERIES DESIGNATION] Call Warrant". (b) The Certificates shall be held through the Depository in book- entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness. (c) The Retained Interest will be uncertificated and shall be as described in Schedule II attached hereto. The Retained Interest will be issued to the Depositor and may be transferred by the Depositor to another party at the sole option of the Depositor without the consent of the Certificateholders or any other party. The beneficial ownership interest in the Retained Interest will be recorded on the records of the Trustee. On each Distribution Date, payments will be made on the Retained Interest by wire transfer to the account(s) of holder(s) thereof on the related Record Date as specified in written instructions to the Trustee. Notwithstanding any other provision of this Agreement, the Trustee shall not agree to any amendment or modification of this Agreement (including the Standard Terms) which would adversely affect in any material respect the holder of the Retained Interest without the consent of the holder of the Retained Interest.

  • Establishment of Certificate Distribution Account (a) The Servicer, for the benefit of the Certificateholders, shall establish and maintain in the name of the Owner Trustee an Eligible Deposit Account known as the Certificate Distribution Account (the "Certificate Distribution Account"), bearing an additional designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders. The Certificate Distribution Account shall initially be established with . (b) The Owner Trustee shall possess all right, title and interest in and to all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof (except Investment Proceeds therefrom as set forth in the Trust Sale and Servicing Agreement) for the benefit of the Certificateholders. Except as otherwise provided herein or in the Trust Sale and Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Deposit Account, the Owner Trustee (or the Servicer on behalf of the Owner Trustee, if the Certificate Distribution Account is not then held by the Owner Trustee or an Affiliate thereof) shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Certificate Distribution Account as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Certificate Distribution Account.

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