Instrument Payments definition

Instrument Payments means (A) in the case of any Insured Instrument that is in the form of a pass-through certificate or similar funded beneficial interest, (x) the specified periodic distributions in respect of interest or other return on the Certificate Balance on or prior to the ultimate distribution of the Certificate Balance and (y) the ultimate distribution of the Certificate Balance on or prior to a specified date and (B) in the case of any other Insured Instrument, the scheduled payments of principal and interest, in the case of both

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Instrument Payments means (A) in the case of any Insured Instrument that is in the form of a pass- through certificate or similar funded beneficial interest, (x) the specified periodic distributions in respect of

Instrument Payments means (A) in the case of any Insured Instrument that is in the form

More Definitions of Instrument Payments

Instrument Payments means (A) in the case of an Insured Instrument that is in the form of a pass-through certificate or similar funded benefi-

Instrument Payments means (A) in the case of any Insured Instrument that is in the form of a pass-through certificate or similar funded beneficial interest, (x) the specified periodic distributions in respect of interest or other return on the Certificate Balance on or prior to the