COFI Class definition

COFI Class. A Class bearing interest at a rate determined by reference to COFI.
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COFI Class. A Class bearing interest at a rate determined by reference to COFI. CPC: A Xxxxxxx Mac Callable Pass-Through Certificate issued under an Underlying Trust Agreement.
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COFI Class. Any Floating Rate Class for which the related Interest Rate is calculated with reference to COFI.
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Examples of COFI Class in a sentence

  • This would be the case especially if LIBOR is the alternative index.Our calculation of the rate of interest of each COFI Class on each Index Determina- tion Date will be final and binding, absent manifest error.

  • The ‘‘National Cost of Funds Index'' means the National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the OAce of Thrift Supervision.5 If, however, on the tenth day of the month in which any Interest Accrual Period begins, the most recently published National Cost of Funds Index value relates to a month prior to the fourth preceding month, from then on we will determine the interest rate for each COFI Class based on LIBOR (calculated under the BBA Method).

  • Our calculation of the rate of interest of each COFI Class on each index determination date will be final and binding, absent manifest error.

  • The ""National Cost of Funds Index'' means the National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the OÇce of Thrift Supervision.5 If, however, on the tenth day of the month in which any Interest Accrual Period begins, the most recently published National Cost of Funds Index value relates to a month prior to the fourth preceding month, from then on we will determine the interest rate for each COFI Class based on LIBOR (calculated under the BBA Method).

  • This would be the case especially if LIBOR is the alternative index.Our calculation of the rate of interest of each COFI Class on each Index Determina- tion Date will be Ñnal and binding, absent manifest error.

  • The Interest Rate for each COFI Class for each Interest Accrual Period after the initial Interest Accrual Period shall be determined by the Paying Agent, as provided in the Prospectus Supplement, on the basis of COFI and the applicable formulae specified in the Prospectus Supplement.

  • Except as provided in the Prospectus Supplement, with respect to each Interest Accrual Period following the initial Interest Accrual Period, Xxxxxx Xxx shall cause the Paying Agent not later than two Business Days following the publication of the applicable COFI index to determine the Interest Rate at which interest shall accrue in respect of each COFI Class during the related Interest Accrual Period.


More Definitions of COFI Class

COFI Class. Any Floating Rate Class for which the related Interest Rate is calculated for the related Interest Accrual Period by reference to the Eleventh District Cost of Funds Index, determined as described in the Prospectus, or any successor index thereto; provided, that if the most recently announced value for the Eleventh District Cost of Funds Index relates to a month prior to the third month preceding the month in which that Interest Accrual Period begins, such Interest Rate will be calculated by reference to the National Cost of Funds Index; provided further, that if the most recently published value for the National Cost of Funds Index relates to a month prior to the fourth month preceding the month in which that Interest Accrual Period begins, such Interest Rate will be calculated by reference to LIBOR.
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Related to COFI Class

  • Initial Class Principal Balance As set forth in the Preliminary Statement.

  • Initial Class A-2 Note Balance means $235,000,000.

  • Group 2 Senior Certificates As specified in the Preliminary Statement.

  • Class H designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

  • Class when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

  • Original Class B Principal Balance The sum of the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and Original Class B-6 Principal Balance, as set forth in Section 11.14.

  • Initial Class A-3 Note Balance means $380,000,000.

  • Class A-2 Certificates All Certificates bearing the class designation of "Class A-2".

  • Initial Class B Note Balance means $163,150,000.

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

  • Initial Class A-1 Note Balance means $265,000,000.

  • Class D Certificates “Class E Certificates,” “Class F Certificates,” “Class G Certificates,” “Class H Certificates,” “Class V Certificates” and “Class R Certificates” mean, in each such case, the Certificates designated as “Class A-1,” “Class A-2,” “Class A-SB,” “Class A-3,” “Class A-4,” “Class A-5,” “Class A-S,” “Class X-A,” “Class X-B,” “Class X-C,” “Class B,” “Class PST,” “Class C,” “Class D,” “Class E,” “Class F,” “Class G,” “Class H,” “Class V” and “Class R,” respectively, on the face thereof, in substantially the forms attached hereto as Exhibits A-1 to A-20.

  • Subordinate Class Percentage With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.