Companion Class definition

Companion Class. With respect to each Lower Tier Regular Class, any Class of Trust Fund Certificates appearing opposite such Lower Tier Regular Class in the Lower Tier Schedule.

Companion Class. With respect to each Lower Tier Regular Interest, any Class of Trust Fund Certificates appearing opposite such Lower Tier Regular Interest in the table in Section 2.02.

Companion Class. With respect to each Lower Tier Regular Interest, any Class of REMIC Certificates appearing opposite such Lower Tier Regular Interest in the Lower Tier Schedule.

Examples of Companion Class in a sentence

• Interest accrued on each Lower Tier Accrual Class during each Interest Accrual Period prior to the Interest Accrual Period relating to the Initial Interest Distribution Date for the applicable Companion Class shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.

• On each Distribution Date, the Lower Tier Interest Distribution Amount shall be applied to the distribution of interest accrued on each Class of the Lower Tier Regular Interests during the preceding Interest Accrual Period at the per annum rate specified or described on the Lower Tier Schedule in an amount corresponding to the amount required to be applied as interest on its related Companion Class on such Distribution Date.

• The Interest Rates for the Grantor Classes for each Interest Accrual Period shall be determined by Xxxxxx Mae or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the Grantor Trust Classes are outstanding on the basis of LIBOR and the applicable formula for the related Companion Class specified in the Prospectus Supplement.

• On each Distribution Date, except as provided below with respect to the Middle Tier Accrual Interest, the Middle Tier Interest Distribution Amount shall be applied to the distribution of interest accrued on each Class of the Middle Tier Regular Interests during the preceding Interest Accrual Period at the per annum rate specified or described on the Middle Tier Schedule in an amount corresponding to the amount required to be applied as interest on its related Companion Class on such Distribution Date.

• Interest accrued on the Lower Tier Accrual Class during each Interest Accrual Period prior to the Interest Accrual Period relating to the Initial Interest Distribution Date for its Companion Class shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.

More Definitions of Companion Class

Companion Class. With respect to each Lower Tier Regular Class, any Class of Certificates appearing opposite such Lower Tier Regular Class in the Lower Tier Schedule.

Companion Class. With respect to each Grantor Trust Class, any Class of Certificates appearing opposite such Grantor Trust Class in the Class Schedule.

Companion Class. With respect to each Middle Tier Regular Interest, any Class of Trust Fund Certificates appearing opposite such Middle Tier Regular Interest in the Middle Tier Schedule. With respect to each Lower Tier Regular Interest, any Class of Trust Fund Certificates appearing opposite such Lower Tier Regular Interest in the Lower Tier Schedule.

Companion Class. Used to refer to the Class or Classes of Upper Tier Certificates set forth opposite the applicable Class of Lower Tier REMIC Regular Interest in Section 3.5. and applicable Class of Middle Tier REMIC Regular Interest in Section 3.6.

Companion Class. With respect to Lower Tier Classes 5, 7, 11, 16, 17 and 18, the respective Classes of Trust Fund Certificates appearing opposite such Lower Tier Classes in the Lower Tier Schedule.

Companion Class. With respect to each Lower Tier Regular Interest, any Class appearing opposite such Lower Tier Regular Interest in the Lower Tier Schedule. With respect to the A1 Class Upper Tier Regular Interest, the A1 Class Certificates. With respect to the A2 Class Upper Tier Regular Interest, the A2 Class Certificates. With respect to the A3 Class Upper Tier Regular Interest, the A3 Class Certificates. With respect to the X Class Upper Tier Regular Interest, the X Class Certificates.

Companion Class. With respect to each Lower Tier Regular Interest, any Class of Certificates appearing opposite such Lower Tier Regular Interest in the Lower Tier Schedule. Components: As specified in the Prospectus.