Examples of Middle Tier Schedule in a sentence
The beneficial ownership interest of the Middle Tier REMIC shall be evidenced by the interests having the designations, original Class Balances, Certificate Interest Rates and Final Distribution Dates set forth on the Middle Tier Schedule.
As to any Three Tier Series, the interests issued hereunder and specified in the related Middle Tier Schedule other than the RM Class Certificate.
The Issuer will determine the Interest Rate on the basis of LIBOR and the applicable formula specified in the related Prospectus Supplement or the related Lower Tier Schedule or Middle Tier Schedule, as the case may be.
Any Middle Tier Interests will have the designations, original principal balances (or notional principal balances), interest rates and Final Distribution Dates set forth on the related Middle Tier Schedule.
On each Distribution Date, the Middle Tier Principal Distribution Amount shall be applied as principal of particular Middle Tier Regular Interests in amounts corresponding to the respective amounts required to be applied as principal of their related Companion Classes, or as described in the Middle Tier Schedule, from the Principal Distribution Amount as provided herein.
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.
The beneficial ownership interest of the Middle Tier REMIC shall be evidenced by the interests having the designations, original Class Balances, Interest Rates and Final Distribution Dates set forth on the Middle Tier Schedule.
The beneficial ownership interest of the Middle Tier Trust Fund shall be evidenced by the interests having the designations, original Class Balances, Interest Rates and Final Distribution Dates set forth on the Middle Tier Schedule.
On each Distribution Date, the portion of the Middle Tier Distribution Amount distributable thereon shall be applied first to the distribution of interest accrued on each applicable Class of Middle Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Middle Tier Schedule and second to the principal thereof as described below.
This is an idication of the municipality not being able to raise sufficient revenue in line with the cost drivers of the municipality.