Notional Certificates definition
Examples of Notional Certificates in a sentence
Each Class of Non-Book Entry Certificates other than the Residual Certificates will be issued in definitive, fully registered form in the minimum denominations in Certificate Principal Amount specified in the Preliminary Statement hereto and in integral multiples of $1,000 (or $1,000,000, in the case of a Class of Notional Certificates) in excess thereof.
Each Class of LIBOR Certificates, Notional Certificates and Grantor Trust Certificates will be issued in the minimum denominations in Certificate Principal Amount (or Notional Amount) specified in the Preliminary Statement hereto and in integral multiples of $1 in excess thereof.
Each class of Non-Book-Entry Certificates other than the Residual Certificates will be issued in definitive, fully registered form in the minimum denominations in Certificate Principal Amount specified in the Preliminary Statement hereto and in integral multiples of $1,000 (or $1,000,000, in the case of a Class of Notional Certificates) in excess thereof.
Each Class of LIBOR Certificates, Class M9 Certificates, Class P Certificates or Notional Certificates will be issued in the minimum denominations in Certificate Principal Amount (or Notional Amount) specified in the Preliminary Statement hereto and in integral multiples of $1 in excess thereof.
Each Class of LIBOR Certificates (other than the Underlying Interests), Grantor Trust Certificates, Notional Certificates and the Class AP-I, Class 3-AP and Class 4-AP Certificates will be issued in the minimum denominations in Certificate Principal Amount (or Notional Amount) specified in the Preliminary Statement hereto and in integral multiples of $1 in excess thereof.
Each Class of LIBOR Certificates, MTA Certificates, Notional Certificates and Grantor Trust Certificates will be issued in the minimum denominations in Certificate Principal Amount (or Notional Amount) specified in the Preliminary Statement hereto and in integral multiples of $1 in excess thereof.
Each Certificate, other than the portion of the LIBOR Certificates representing the right to receive payments in respect of Basis Risk Shortfalls and Unpaid Basis Risk Shortfalls and other than the Notional Certificates, is hereby designated as a regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions.
For federal income tax purposes, the interest rate on each REMIC 2 Regular Interest (other than the Uncertificated Class X Interest, the Notional Certificates and the Class LT2-Coupon Strip Interest) shall be subject to a cap equal to the REMIC Pass-Through Rate.
The Notional Certificates will accrue interest on a notional amount equal to the Certificate Principal Amount of the related Initial Exchangeable or Exchangeable Certificates.
Each Class of LIBOR Certificates, Subordinate Certificates, Class AP or Notional Certificates will be issued in the minimum denominations in Certificate Principal Amount (or Notional Amount) and integral multiples specified in the Preliminary Statement hereto.