Principal Only Class definition

Principal Only Class. A Class with a Class Coupon of zero. Registrar: Xxxxxxx Mac, or any successor registrar selected or approved by the Administrator. The Registrar shall perform any related paying agency and authenticating agency function. Regular Class: A REMIC Class, the terms of which have been fixed by Xxxxxxx Mac on or prior to the Startup Day, which unconditionally entitles its Holders to receive a principal amount equal to the Original Principal Amount, if not notional, thereof (plus, in the case of an Accrual Class or Partial Accrual Class, any amount added to the Original Principal Amount in respect of accrued and unpaid interest) and interest at the applicable Class Coupon, and which represents a Regular Interest in a REMIC Pool. In the case of REMIC Certificates of a Regular Class that are denominated by a notional principal amount, unless the context otherwise requires, references in Articles VI, VII and VIII and Section 9.05 of this Agreement to (i) principal amount shall be regarded as references to such notional principal amount and (ii) specified percentages of outstanding principal amount shall be deemed to refer to such percentages of notional principal amount.

Principal Only Class. A Class with a Class Coupon of zero. Registrar: Xxxxxxx Mac, or any successor registrar selected or approved by the Administrator. The Registrar shall perform any related paying agency and authenticating agency function. Regular Class: A REMIC Class, the terms of which have been fixed by Xxxxxxx Mac on or prior to the Startup Day, which unconditionally entitles its Holders to receive a principal amount equal to the Original Principal Amount, if not notional, thereof (plus, in the case of an Accrual Class or Partial

Principal Only Class. A Class with a Class Coupon of zero. Registrar: Xxxxxxx Xxx, or any successor registrar selected or approved by the Administrator. The Registrar shall perform any related paying agency and authenticating agency function. Regular Class: A REMIC Class, the terms of which have been fixed by Xxxxxxx Xxx on or prior to the Startup Day, which unconditionally entitles its Holders to receive a principal amount equal to the Original Principal Amount, if not notional, thereof (plus, in the case of an Accrual Class or Partial Accrual Class, any amount added to the Original Principal Amount in respect of accrued and unpaid interest) and interest at the applicable Class Coupon, and which represents a Regular Interest in a REMIC Pool. In the case of REMIC Certificates of a Regular Class that are denominated by a notional principal amount, unless the context otherwise requires, references in Articles VI, VII and VIII and Section 9.05 of this Agreement to

Examples of Principal Only Class in a sentence

• Holders of the securitised assets may have low credit risk with diversified retail base on underlying assets especially when securitised assets are created by high credit rated tranches, risk profiles of Planned Amortisation Class tranches (PAC), Principal Only Class Tranches (PO) and Interest Only class tranches (IO) will differ depending upon the interest rate movement and speed of prepayment.

• Holders of the securitized assets may have low credit risk with diversified retail base on underlying assets especially when securitized assets are created by high credit rated tranches, risk profiles of Planned Amortization Class tranches (PAC), Principal Only Class Tranches (PO) and Interest Only class tranches (IO) will differ depending upon the interest rate movement and speed of prepayment.

• InterestThe Fixed Rate Classes bear interest at the Class Coupons shown on the front cover andAppendix A.PO is a Principal Only Class and does not bear interest.The Floating Rate and Inverse Floating Rate Classes bear interest as shown in the following table.

• Risk profiles of Planned Amortisation Class tranches (PAC), Principal Only Class Tranches (PO) and Interest Only class tranches (IO) will differ depending upon the interest rate movement and speed of prepayment.

• There will be an additional opportunity for public input on how park funds should be spent at the next Town Council meeting on September 16th, 2010.

• Risk profiles of Planned Amortisation Class tranches (PAC), Principal Only Class Tranches (PO) and Interest Only class tranches (IO) will differ depending upon the interest rate movement and the speed of prepayment.

• Holders of the securitised assets may have low credit risk with diversified regular base on underlying assets especially when securitised assets are created by high credit rated tranches, risk profiles of Planned Amortisation Class tranches (PAC), Principal Only Class Tranches (PO) and Interest Only class tranches (IO) will differ depending upon the interest rate movement and speed of prepayment.

• InterestThe Fixed Rate Classes bear interest at the Class Coupons shown on the front cover andAppendix A.GO is a Principal Only Class and does not bear interest.The Floating Rate and Inverse Floating Rate Classes bear interest as shown in the following table.

• Risk profiles of Planned Amortization Class Tranches (PAC), Principal Only Class Tranches (PO) and Interest Only Class Tranches (IO) will also differ, depending upon the interest rate movement and Speed of Pre-payments.

• Holders of the securitized assets may have low credit risk with diversified retail base on underlying assets especially when securitized assets are created by high credit rated tranches, risk profiles of Planned Amortization Class tranches (PAC), Principal Only Class Tranches (PO) and Interest Only classtranches (IO) will differ depending upon the interest rate movement and speed of prepayment.

More Definitions of Principal Only Class

Principal Only Class. A Class with a Class Coupon of zero. Registrar: Freddie Mac, or any successor registrar selected or approved by the Administrator. The Registrar shall perform any related paying agency and authenticating agency function. Regular Class: A REMIC Class, the terms of which have been fixed by Freddie Mac on or prior to the Startup Day, which unconditionally entitles its Holders to receive a principal amount equal to the Original Principal Amount, if not notional, thereof (plus, in the case of an Accrual Class or Partial Accrual Class, any amount added to the Original Principal Amount in respect of accrued and unpaid interest) and interest at the applicable Class Coupon, and which represents a Regular Interest in a REMIC Pool. In the case of

Principal Only Class. As specified in the Prospectus Supplement.

Principal Only Class. A Class with a Class Coupon of zero.