Examples of Interest Only Certificates in a sentence
Notwithstanding any other provision herein set forth, a fee shall be payable to Xxxxxx Mae in connection with each exchange equal to 1/32 of 1% of the Certificate Balance of the Certificates (other than any Interest Only Certificates) to be submitted for exchange (but not less than $2,000).
The Interest Only Certificates will be issuable only in denominations corresponding to initial Certificate Notional Amounts as of the Closing Date of $1,000,000 and in integral multiples of $1 in excess thereof.
The Certificates will be issuable in registered form only; provided that in accordance with Section 5.03, beneficial ownership interests in each Class of Interest Only Certificates and Principal Balance Certificates shall initially be held and transferred through the book-entry facilities of the Depository.
Notwithstanding any other provision herein set forth, a fee shall be payable to Xxxxxx Xxx in connection with each exchange equal to 1/32 of 1% of the Certificate Balance of the Certificates (other than any Interest Only Certificates) to be submitted for exchange (but not less than $2,000).
Any distributions of interest made with respect to the Interest Only Certificates on any Distribution Date pursuant to clause (1) above shall be deemed to have been allocated among the respective REMIC III Components of each such Class of Certificates, and on a pro rata basis in accordance with the respective amounts of Accrued Component Interest for such REMIC III Components for such Distribution Date.