Examples of Accrual Certificates in a sentence
Notwithstanding any such distribution, each such Class or Component shall continue to be a Class of Accrual Certificates on each subsequent Distribution Date until the applicable Accrual Termination Date.
Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings: Accrual 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.
Except as provided below in the case of the Accrual Certificates, interest on each Class of interest-bearing Trust Fund Certificates for the related Interest Accrual Period at the applicable Certificate Interest Rate shall be distributed on each applicable Distribution Date.
Except as provided below in the case of the Accrual Certificates, interest on each Class of interest-bearing Trust Fund Certificates for the related Interest Accrual Period at the applicable Certificate Interest Rate shall be distributed on each Distribution Date.