Examples of Certificate Notional Amount in a sentence
Denomination: With respect to each Certificate, the amount set forth on the face thereof as the “Initial Certificate Principal Balance or Initial Certificate Notional Amount of this Certificate”.
With respect to Series [_] of preREO Trust, the Administrator hereby confirms the allocation to such Series of Loans with an unpaid principal balance of $[ ] occurred on , 20 (the “Transfer Date”), and hereby instructs the Registrar to increase the Series Certificate Notional Amount of the related Series Certificate by such amount.
The Series Certificate Notional Amount of the Series [ ] Certificate may not exceed $[ ].
On the Series Creation Date for each Series, upon prior written direction from the Administrator, the Trustee shall execute, and the Registrar shall authenticate and deliver, the related Series Certificates in the form set forth in Exhibit C hereto, each in the name of the related Certificateholder and in the notional amount of the related Series Certificate Notional Amount, as determined and directed in writing by the Administrator.
Each Series Certificate shall be issued to the Certificateholders identified in the Series Supplement by the Trust in an aggregate notional amount equal to the related Series Certificate Notional Amount as determined by the Administrator and a maximum Series Certificate Notional Amount as set forth in the related Series Supplement upon the written direction of the Administrator.