Examples of Class AV-3 Certificates in a sentence
Each Owner of record of a Class AV-3 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 AV-3 Certificates.
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 AV-3 Certificates over the period from the date of initial issuance of the Certificates to the Final Scheduled Distribution Date for the Class AV-3 Certificates.
The Percentage Interest of each Class AV-3 Certificate as of any date of determination will be equal to the percentage obtained by dividing the original Certificate Principal Balance of such Class AV-3 Certificate on the Startup Day by the aggregate Certificate Principal Balance of the Class AV-3 Certificates on the Startup Day.
The Class AV-3 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.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, Class AV-3 Certificates are exchangeable for new Class AV-3 Certificates of authorized denominations evidencing the same aggregate principal amount.
Therefore, the actual outstanding principal amount of this Certificate may, on any date subsequent to June 25, 2006 (the first Distribution Date), be less than the original Certificate Principal Balance of the Class AV-3 Certificates set forth above.
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 AV-3 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class AV-3 Certificates created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Argent Securities Inc.
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 AV-3 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class AV-3 Certificates in REMIC IV created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Ameriquest Mortgage Securities Inc.
The Class AV-3 Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement.
The Certificates will consist of fifteen Classes of Certificates, designated as (i) the Class AF-1, Class AV-1, Class AV-2 and Class AV-3 Certificates, (ii) the Class M-1, Class M-2 and Class M-3 Certificates, (iii) the Class B-1, Class B-2, Class B-3 and Class B-4 Certificates, (iv) the Class N Certificates, (v) the Class X Certificates and (vi) the Class R and Class R-A Certificates.