Examples of Class AF-5 Certificates in a sentence
The Owner hereof is entitled to principal payments on each Distribution Date, as hereinafter described, which will fully amortize such original Certificate Principal Balance of the Class AF-5 Certificates over the period from the date of initial issuance of the Certificates to the Final Scheduled Distribution Date for the Class AF-5 Certificates.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, Class AF-5 Certificates are exchangeable for new Class AF-5 Certificates of authorized denominations evidencing the same aggregate principal amount.
The Percentage Interest of each Class AF-5 Certificate as of any date of determination will be equal to the percentage obtained by dividing the original Certificate Principal Balance of such Class AF-5 Certificate on the Startup Day by the aggregate Certificate Principal Balance of the Class AF-5 Certificates on the Startup Day.
The Class AF-5 Certificates are issuable only as registered Certificates in minimum denominations of $25,000 original Certificate Principal Balance and in integral multiples of $1,000 in excess of $25,000.
Each Owner of record of a Class AF-5 Certificate will be entitled to receive such Owner’s Percentage Interest in the amounts due on such Distribution Date to the Owners of the Class AF-5 Certificates.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class AF-5 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class AF-5 Certificates created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Argent Securities Inc.
Class AF Certificates The Class AF-1, Class AF-2, Class AF-3, Class AF-4 and Class AF-5 Certificates.
The Securities Administrator shall, on behalf of the Trustee, furnish to the Certificate Insurer and the Fiscal Agent, if any, its records listing the payments on the affected Class AF-2, Class AF-4 or Class AF-5 Certificates, if any, that have been made by the Securities Administrator and subsequently recovered from the affected Holders, and the dates on which such payments were made by the Securities Administrator.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class AF-5 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class AF-5 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Ameriquest Mortgage Securities Inc.
In addition, the Securities Administrator shall, on behalf of the Trustee, mail notice to all Holders of the Class AF-2, Class AF-4 or Class AF-5 Certificates so affected that, in the event that any such Holder's scheduled payment is so recovered, such Holder will be entitled to payment pursuant to the terms of the Certificate Insurance Policy a copy of which shall be made available to such Holders by the Securities Administrator.