Examples of Underlying RCR Certificate in a sentence
The Group 2 Underlying RCR Certificate is backed by the Fannie Mae REMIC Certificates listed below.
To Aggregate Group III to zero.⎬ TAC Group ⎭The “ZG Accrual Amount” is any interest then accrued and added to the principal balance of the ZG Class.The “GZ Accrual Amount” is any interest then accrued and added to the principal balance of the GZ Class.The “Group 4 Cash Flow Distribution Amount” is the principal then paid on the Group 4 Underlying RCR Certificate.
To PM until retired.⎬ PAC Class ⎪⎭The “ZY Accrual Amount” is any interest then accrued and added to the principal balance of the ZY Class.The “Group 5 Cash Flow Distribution Amount” is the principal then paid on the Group 5 Underlying RCR Certificate.
To learn more about the Group 2 SMBS, the Group 2 Underlying REMIC Certificate and the Group 3 Underlying RCR Certificate, you should obtain from us the current class factors and the related disclosure documents as described on page S-3.
If you invest in a Group 5 Class, the rate at which you receive payments will be affected by the applicable priority sequence governing principal payments on the related underlying RCR certificate.As described in the related Underlying REMIC Disclosure Document, principal pay- ments on the Group 5 Underlying RCR Certificate are governed by a principal balance schedule.
Characteristics of the Group 2 SMBS, the Group 2 Underlying REMIC Certificate and the Group 3 Underlying RCR CertificateExhibit A describes the Group 2 SMBS, the Group 2 Underlying REMIC Certificate and the Group 3 Underlying RCR Certificate, including certain information about the related mortgage loans.
As a result, the Group 5 Underlying RCR Certificate may receive principal payments faster or slower than would otherwise have been the case.
In such a case, the Group 5 Underlying RCR Certificate would receive principal payments at rates that may vary widely from period to period.
Note: For any pool of Mortgage Loans backing an Underlying RCR Certificate, if a preliminary calculation indicated that the sum of the WAM and WALA for that pool exceeded the longest original term to maturity of any Mortgage Loan in the pool, the WALA used in determining the information shown in the related table was reduced as necessary to insure that the sum of the WAM and WALA does not exceed such original term to maturity.
Characteristics of the Group 2 SMBS and Underlying REMIC Certificates and the Group 5 Underlying RCR CertificateExhibit A describes the Group 2 SMBS and Underlying REMIC Certificates and the Group 5 Underlying RCR Certificate, including certain information about the related mortgage loans.