Examples of Forward Purchase Contract in a sentence
The aggregate amount of principal of and interest distributable on the Certificates of the AB Class during any calendar month shall be equal to the Upper Tier REMIC Distribution Amount for such calendar month plus the amount deposited in the Upper Tier REMIC Account on the Guaranteed Maturity Date pursuant to the Forward Purchase Contract.
The Trustee will deposit all Security Distributions on the related Mortgage-Backed Securities and all payments pursuant to the Forward Purchase Contract received by it hereunder into the Certificate Account.
Xxxxxx Mae shall deposit in the Upper Tier REMIC Account all distributions on the A Class and all payments pursuant to the Forward Purchase Contract received by it as Trustee of the Upper Tier REMIC.
All distributions on the A Class deposited from time to time in the Upper Tier REMIC Account and all payments received pursuant to the Forward Purchase Contract, and all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Upper Tier REMIC Account as part of the Upper Tier REMIC as herein provided, subject to withdrawal by Xxxxxx Xxx for the purposes set forth in Section 4.04.