Examples of Accretion Directed Certificates in a sentence
Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings: Accretion Directed Certificates: Not applicable.
The Accrual Certificates will not receive interest payments initially; rather, interest accrued on such Accrual Certificates during each Accrual Period will constitute an accrual amount, which will be added to their Class Principal Amounts and distributed instead as principal to the related Accretion Directed Certificates on the related Distribution Date, until the Class Principal Amounts of the related Accretion Directed Certificates receiving such accrual amounts have been reduced to zero.
Set forth below are designations of Classes or Components of Certificates to the categories used in this Agreement: Accretion Directed Certificates........................
In addition to receiving principal distributions from the Principal Remittance Amount for its related Group, such Accretion Directed Certificates will be entitled to receive as principal the Class HZ Accrual Amount (in the case of the Class HV Certificates) or the Class MZ Accrual Amount (in the case of the Class MV Certificates), until the related Class Principal Amount has been reduced to zero.
Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings: Accretion Directed Certificates: None.