Examples of Class A-3FL Certificates in a sentence
Principal and interest allocated to this Certificate on any Distribution Date will be in an amount due to this Certificate’s pro rata share of the amount to be distributed on the Class A-3FL Certificates as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.
This Certificate represents an interest in the Class A-3FL Certificates equal to the quotient expressed as a percentage obtained by dividing the initial Certificate Balance of this Certificate specified on the face hereof by the initial Aggregate Certificate Balance of the Class A-3FL Certificates.
Subject to the occurrence of a Swap Class Distribution Conversion with respect to the Class A-3FL Certificates, this Certificate will be entitled to interest that accrues (computed on the basis of the actual number of days elapsed during the related Interest Accrual Period and a 360-day year) during the Interest Accrual Period relating to such Distribution Date on the Certificate Balance of this Certificate immediately prior to each Distribution Date.
The obligations of Party B under this Agreement are limited recourse obligations of Party B, payable solely from amounts remaining in the Trust Estate after payment in full of all amounts due to the Class A-3FL Certificates, subject to and in accordance with the terms of the Trust Agreement.
The Class A-3FL Certificates are hereby designated as representing an undivided beneficial ownership interest in Grantor Trust A-3FL.
At all times, the Class A-3FL Certificates shall represent ownership of the Class A-3FL Percentage Interest in the Class A-3FL REMIC III Regular Interest and the entire ownership interest in the Swap Floating Rate Account Class A-3FL and the Swap Agreement Class A-3FL.
The Class A-3FL Certificates represent ownership of (i) the Class A-3FL Percentage Interest in the Class A-3FL REMIC III Regular Interest, (ii) the Swap Floating Rate Account Class A-3FL and (iii) the Swap Agreement Class A-3FL.
On each Distribution Date, the amount of any Net Aggregate Prepayment Interest Shortfall for such Distribution Date allocated to the Class A-3FL REMIC III Regular Interest shall be allocated between the Class A-3FL Certificates and the Class A-3FX Certificates, pro rata, based on the Class A-3FL Percentage Interest and the Class A-3FX Percentage Interest, respectively, in the Class A-3FL REMIC III Regular Interest.
The Depositor, as of the Closing Date, and concurrently with the execution and delivery of this Agreement, does hereby assign without recourse all the right, title and interest of the Depositor in and to the Class A-3FL Regular Interest to the Trustee for the benefit of the respective Holders of the Class A-3FL Certificates.
For the purposes of the REMIC election in respect of the Upper-Tier REMIC, each Class of the Regular Certificates (other than the Class A-3FL Certificates) and the Class A-3FL Regular Interest shall be designated as the "regular interests" and the Class R Certificates shall be designated as the sole class of "residual interests" in the Upper-Tier REMIC.