Examples of Class IA-3 Certificates in a sentence
The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class I-A-3 Certificates, as described in the Agreement.
The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and the interest portion of certain Realized Losses allocated to the Class I-A-3 Certificates, as described in the Agreement.
Thereafter, any remaining Realized Losses with respect to the Group I Loans will be allocated on any Distribution Date, first, to the Class I-A-3 Certificates, in reduction of the Certificate Principal Balance thereof, until reduced to zero, and second, pro rata, to the Class I-A-2-2 Certificates, and the Class I-A-2-1 Certificates, in each case, in reduction of the Certificate Principal Balance thereof, until reduced to zero.
The pass-through rate on the Class I-A-3 Certificates applicable to each Distribution Date will be 5.750% per annum.
The pass-through rate on the Class I-A-3 Certificates applicable to each Distribution Date will be 4.750% per annum.
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 I-A3 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class I-A3 Certificates in the Trust Fund created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage Loan Trust Inc.
The pass-through rate on the Class I-A-3 Certificates applicable to each Distribution Date will be 5.250% per annum.
Any Class I-A-3 Insured Amounts disbursed by the Securities Administrator from proceeds of the Class I-A-3 Policy shall be considered payment by the Class I-A-3 Insurer and not by the Trust Fund with respect to the Class I-A-3 Certificates, and Class I-A-3 Insurer will be entitled to receive the Class I-A-3 Reimbursement Amount pursuant to Section 6.04.
The Trustee shall deposit any amount paid under the Policy into the Class I-A-3 Policy Payments Account and distribute such amount only for the purposes of making the payments to Holders of the Class I-A-3 Certificates in respect of the Insured Payment for which the related claim was made under the Policy.
In addition, the Trustee shall mail notice to all Holders of the Class I-A-3 Certificates so affected that, in the event that any such Holder's scheduled payment is a Preference Amount, such Holder will be entitled to payment pursuant to the terms of the Policy, a copy of which shall be made available to such Holders by the Trustee.