Examples of Class I Certificates in a sentence
In no event shall Realized Losses be allocated to the Class A-1A Certificates, the Group II Certificates or the Class I Certificates.
As provided in the Pooling and Servicing Agreement and subject to certain limitations therein set forth, Class I Certificates are exchangeable for new Class I Certificates of authorized denominations evidencing the same aggregate principal amount.
The provisions of this Tax Partnership Agreement shall be effective as of the effective date of the sale by the Depositor of the Class A Certificates and Class I Certificates and the issuance to the Depositor of the Class IC Certificate (the "Effective Date") and shall continue in full force and effect from and after such date until the earliest of: (a) the termination of the Agreement pursuant to its terms; or (b) the mutual agreement of all of the Tax Partners to terminate the Trust.
The Class A Certificates and Class I Certificates shall initially be registered on the Certificate Register in the name of CEDE & Co., the nominee of the Clearing Agency, and no Certificate Owner will receive a definitive Certificate representing such Certificate Owner's interest in the Certificates, except as provided in Section 11.10.
The Class A Certificates and Class I Certificates, upon original issuance, shall be issued in the form of one or more typewritten Certificates representing the Book-Entry Certificates, to be delivered to The Depository Trust Company, the initial Clearing Agency, by, or on behalf of, the Depositor, except for the residual amount Certificates described in Section 11.01.
The Class I Certificates shall be registered in the name of the Supplemental Interest Trust and shall not be transferable.
The Class I Certificates shall evidence ownership of the Final Maturity Reserve Trust for federal income tax purposes and the Holder thereof shall direct the Securities Administrator, in writing, as to investment of amounts on deposit therein.
The Class X Certificates, the Class I Certificates, the Class P Certificates, the Class O Certificates and the Residual Certificates are issuable in any Percentage Interests; provided, however, that the sum of all such percentages for each such Class totals 100% and no more than ten Certificates of each Class may be issued.
The Class I Certificates shall be issued in one or more whole dollar denominations which in the aggregate do not exceed the Original Notional Principal Amount.
Each owner of record of a Class I Certificate will be entitled to receive such owner's Percentage Interest in the amounts distributed on such Distribution Date to the owners of the Class I Certificates.