Examples of Class Certificate Balance in a sentence
The Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of Xxxxxx Xxx and the rights of the Certificateholders under the Trust Agreement at any time by Xxxxxx Mae with the consent of the Holders of Certificates of each Class having Original Certificate Balances aggregating not less than 66% of the Original Class Certificate Balance of such Class.
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 Certificate Balance of such Class.
The voting rights allocated to each Class of Certificates shall be allocated among all Holders of each such Class in proportion to the Outstanding Class Certificate Balance of such Certificates.
No later than two Business Days following each Distribution Date, the Trustee shall provide the Swap Contract Administrator with information regarding the aggregate Class Certificate Balance of the LIBOR Certificates after all distributions on such Distribution Date.
If the Senior Non-PO Certificates of two Groups remain outstanding, the distributions described above will be made to the Senior Non-PO Certificates of such Groups, pro rata, in proportion to the aggregate Class Certificate Balance of the Senior Non-PO Certificates of each such Group.