Examples of Original Class Balance in a sentence
The following table sets forth the designation, Pass-Through Rate and Original Class Balance for each Class of Certificates comprising the interests in the Trust Fund created hereunder.
The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of Xxxxxx Mae and the rights of the Certificateholders under the Trust Agreement at any time by Xxxxxx Xxx with the consent of the Holders of Certificates of each Class having Original Certificate Balances aggregating not less than 66% of the Original Class Balance of such Class.
REMIC 3 will issue three regular interests for purposes of the REMIC Provisions, designated as the Class 3A1 Interest, Class 3A2 Interest and Class 3A3 Interest, each with an initial Uncertificated Balance equal to the Original Class Balance of the Corresponding Certificates and each with a pass-through rate equal to the Pass-Through Rate of the Corresponding Certificates.
Correspondingly, Exchangeable Certificate related to a Combination may be further designated for exchange for Exchangeable REMIC Certificates in such Combination in respective Denominations determined based on the proportion that the Maximum Original Class Balance such Exchangeable REMIC Certificates bears to the Maximum Original Class Balance of the related Exchangeable Certificate, as set forth in Exhibit N hereto.
REMIC III The following table sets forth the designation, Pass-Through Rate and Original Class Balance (or in the case of Class X, Notional Amount) for each Class of Certificates comprising the interests in the Trust Fund created hereunder and each Class of REMIC III Certificates comprising the interests in REMIC III.
Certificate No.: Closing Date: December 30, 2008 First Distribution Date: January 26, 2009 Pass Through Rate: 5.500% Maximum Original Class Balance: $18,944,013 Denomination: $[__________] CUSIP No.: 05954X AA 0 ISIN No.: US05954XAA00 This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor or the Trustee referred to below or any of their respective Affiliates.
REMIC 2 will issue three regular interests for purposes of the REMIC Provisions, designated as the Class 2A1 Interest, Class 2A2 Interest and Class 2A3 Interest, each with an initial Uncertificated Balance equal to the Original Class Balance of the Corresponding Certificates and each with a pass-through rate equal to the Pass-Through Rate of the Corresponding Certificates.
The Certificates authorized by this Trust Agreement shall have the Class designation, Original Class Balance and Final Distribution Date specified in the Prospectus.
REMIC 1 will issue three regular interests for purposes of the REMIC Provisions, designated as the Class 1A1 Interest, Class 1A2 Interest and Class 1A3 Interest, each with an initial Uncertificated Balance equal to the Original Class Balance of the Corresponding Certificates and with a pass-through rate equal to the Pass-Through Rate of the Corresponding Certificates.
The Class designations, original Class Balances and Final Distribution Dates shall be as follows: Original Class Balance Month of Final Distribution Date AF-1...............................