Uncertificated Interest Sample Clauses

Uncertificated Interest. Unless otherwise determined by the Board, membership interests in the Company will be uncertificated, and any change in a Member’s membership interest will be reflected in the books and records of the Company. In the event the Board elects to issue any instrument representing a membership interest, such certificates shall be in such form as determined from time to time by the Board.

Uncertificated Interest. 45 vii 10 Page

Uncertificated Interest. The amounts distributable pursuant to clauses (i)(1) through (8) above constitute the "REMIC I Distribution Amount." Subject to the penultimate paragraph of Section 4.01(b), any amount that remains in the Distribution Account on each Distribution Date after distribution of the REMIC I Distribution Amount and Prepayment Premiums allocable to the REMIC Regular Interests pursuant to Section 4.01(d)(ii) shall be distributed to the Holders of the Class R-I Certificates (but only to the extent of the Available Distribution Amount for such Distribution Date remaining in the Distribution Account, if any).

Uncertificated Interest. The Original Notional Amount of the A-1 Component is $100,600,000.

Uncertificated Interest. The initial principal balance of each Uncertificated Lower-Tier Interest equals the respective Original Lower-Tier Principal Amount. The interest rate with respect to each Uncertificated Lower-Tier Interest (other than the Class LY Uncertificated Interest) will be the Weighted Average Net Mortgage Rate. Interest Shortfall Amounts allocated to the Class A-X and Class A-SP Certificates shall be attributed to the Uncertificated Lower-Tier Interests to the extent of their Related Components, pro rata, based on interest accrued on such Components. Interest Shortfall Amounts allocated to the Class A-Y Certificates shall be attributed to the Class A-Y Uncertificated Interest. Any amounts so allocated shall have the same seniority as interest payments due on the Class A-X, Class A-Y and Class A-SP Certificates. Prepayment Interest Shortfalls shall be allocated to each Class of Uncertificated Lower-Tier Interests pro rata on the basis of their respective interest entitlements.

Uncertificated Interest. 30 UNDERWRITERS...................................................30