Examples of Class XP Certificates in a sentence
The Class XP Certificates will be entitled to receive Prepayment Charges collected with respect to the Prepayment Charge Loans.
Funds on deposit in the Class XP Reserve Account shall be held in trust by the Securities Administrator for the holders of the Class XP Certificates.
On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the related Class XP Certificates in accordance with Section 6.01(e).
The Class XP Certificates will not represent an interest in any REMIC, they will instead represent an interest in the Trust constituted by this Agreement that is a strip of Prepayment Charges associated with the Prepayment Charge Loans.
The Pass-Through Rate applicable to the Class X-P Certificates for each Distribution Date is as provided in the Agreement.
If the proceeds with respect to the Mortgage Loans are not sufficient to pay all of the related Certificates in full (other than the Residual Certificates and the related Class XP Certificates), any such deficiency will be allocated first, to the related Class B Certificates, in inverse order of their numerical designation, and then to the related Senior Certificates, on a pro rata basis.
The payment of such Prepayment Charges shall not reduce the Certificate Principal Balance of the Class XP Certificates.
Funds on deposit in the Class XP Reserve Account shall be held in trust by the Master Servicer for the holder of the Class XP Certificates.
On the Business Day prior to each Distribution Date, the Trustee shall withdraw the amount then on deposit in the Class XP Reserve Account and deposit such amount into the Distribution Account to be distributed to the Holders of the Class XP Certificates in accordance with Section 6.01(f).
Tenant shall have the right during the term of this Lease, at Tenant's expense, to appeal the amount of any Taxes assessed against the Leased Premises.