Examples of Classes of Certificates or Components in a sentence
Principal of and interest on the Lower Tier Interests shall be allocated to the Corresponding Classes of Certificates (or Components) in the manner set forth in the following table.
Realized Losses, Fraud Losses, Special Hazard Losses, Deficient Valuations and Excess Losses shall be allocated to the Middle-Tier REMIC Regular Interests in the same manner as they are allocated to the Corresponding Class or Classes of Certificates or Components pursuant to Section 4.03.
On each Distribution Date prior to distributions on the Certificates as provided in Sections 3.01, interest shall be paid to each REMIC II Regular Interest at the time and in the amount that interest is paid to the Corresponding Class or Classes of Certificates or Components.
The following table irrevocably sets forth the designation, the pass-through rate (the "Pass-Through Rate"), and the initial aggregate stated principal amount (the initial "Class Principal Balance") for each of the Classes of Certificates or Components (as defined herein) thereof constituting "regular interests" in REMIC II.
The initial principal balance or Notional Amount of each Middle-Tier REMIC Regular Interest shall equal the initial Class Principal Balance or Notional Amount of the respective Corresponding Class or Classes of Certificates or Components set forth in the Preliminary Statement.
Principal of and interest on the Lower-Tier Interests shall be allocated to the Corresponding Classes of Certificates (or Components) in the manner set forth in the following table.
On each Distribution Date, the amounts distributable with respect to the REMIC II Interests shall be distributed with respect to the REMIC III Interests in the same manner that the Available Distribution Amount is distributed with respect to the Corresponding Class or Classes of Certificates or Components.
On each Distribution Date, Realized Losses shall be allocated among the REMIC III Interests in the same manner that Realized Losses are allocated among the Corresponding Classes of Certificates or Components.
As used herein, an allocation of a Realized Loss or Extraordinary Trust Fund Expense on a "PRO RATA basis" among two or more specified Classes of Certificates or Components means an allocation on a PRO RATA basis, among the various Classes or Component so specified, to each such Class of Certificates or Component on the basis of their then outstanding Certificate Principal Balances or Component Balances, as applicable, prior to giving effect to distributions to be made on such Distribution Date.
On each Distribution Date, the Securities Administrator shall distribute any Reimbursement Amount received with respect to a Loan Group sequentially to each related Class of Shifting Interest Certificates or Components then outstanding which bore the loss to which such Reimbursement Amount relates, beginning with the most senior of such Classes of Certificates or Components, up to, with respect to each Class or Component, the amount of loss borne by such Class or Component.