Examples of Guaranteed Maturity Class in a sentence
If there are excess proceeds after such liquidation and payments to the Holders of each such Guaranteed Maturity Class (and any related MACR Classes), such excess proceeds shall be distributed to the Residual Class for the Guaranteed Maturity REMIC Pool that held the related Underlying REMIC Class.
The Administrator shall sell the Underlying REMIC Class to the highest bidder and shall deliver the Underlying REMIC Class to its purchaser in the purchaser’s name on or before the Business Day prior to the Final Payment Date for each related Guaranteed Maturity Class.
Each Guaranteed Maturity Class represents an interest in a Guaranteed Maturity REMIC Pool that directly or indirectly (through a separate Guaranteed Maturity REMIC Pool) holds one or more Underlying REMIC Classes of the related Series.
On its Final Payment Date, the Holders of any outstanding Guaranteed Maturity Class (and any related MACR Classes) shall receive payments as provided under Description of Certificates — Payments — Final Payment Dates — Guaranteed Maturity Classes in the Offering Circular.
Pursuant to such liquidation, the Administrator shall make payments to the Holders of each applicable Guaranteed Maturity Class (and any related MACR Classes) as provided under Description of Certificates — Payments — Final Payment Dates — Guaranteed Maturity Classes in the Offering Circular and in the related Terms Supplement.
This Class backs the Guaranteed Maturity Class and will not be offered initially.
On each Payment Date while the Guaranteed Maturity Class is outstanding, its Holders will receive the principal payments made on the same Payment Date on the Underlying RKMIC Class.
The Guaranteed Maturity Class will bear interest on each Payment Date at its Class Coupon.On its Final Payment Date, the Holders of the Guaranteed Maturity Class, if outstanding, will be entitled to receive the outstanding principal balance of their Certificates plus interest at the applicable Class Coupon accrued during the related Accrual Period, even if the Underlying RKMIC Class has not retired.See General Information Ì Structure of Transaction.
On each Payment Date while the Guaranteed Maturity Class is outstanding, its Holders will receive the principal payments made on the same Payment Date on the Underlying REMIC Class.
Such Notary/ Oath Commissioners are appointed by the Court of Law.