Adjustable Rate. Class M-[1][2][3][4][5][6][7][8][9] Subordinate Date of Pooling and Servicing Agreement and Cut-off Date: January 1, 2006 Aggregate Initial Certificate Principal Balance of this Certificate as of the Cut-off Date: $[__________] First Distribution Date: February 27, 2006 Initial Certificate Principal Balance of this Certificate as of the Cut-off Date: $[__________]
Adjustable Rate. Class [I-A-1][I-A-2][I-A-3][II-1A-1][II-1A-2][II-1A-3][II-2A] Senior Date of Pooling and Servicing Agreement and Cut-off Date: August 1, 2006 Aggregate Initial Certificate Principal Balance of this Certificate as of the Cut-off Date: $[__________] First Distribution Date: September 25, 2006 Initial Certificate Principal Balance of this Certificate as of the Cut-off Date: $[__________]
Adjustable Rate. Class A[1-A][1-B][1-C][-M] Senior Date of Pooling and Servicing Agreement and Cut-off Date: April 1, 2007 Percentage Interest: 100% First Distribution Date: May 25, 2007 Aggregate Initial Certificate Principal Balance of the Class A[1-A][1-B][1-C][-M] Certificates: $[_____________] Master Servicer: Impac Funding Corporation Initial Certificate Principal Balance of this Certificate: $[____________] Assumed Final Distribution Date: September 25, 2037 CUSIP: [_________] MORTGAGE PASS-THROUGH CERTIFICATE SERIES 2007-3 evidencing a percentage interest in the distributions allocable to the Class A[1-A][1-B][1-C][-M] Certificates with respect to a Trust Fund consisting primarily of a pool of one- to four-family adjustable-rate first lien and fixed-rate first and second lien mortgage loans formed and sold by IMPAC SECURED ASSETS CORP. This Certificate is payable solely from the assets of the Trust Fund and does not represent an obligation of or interest in Impac Secured Assets Corp., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Impac Secured Assets Corp., the Master Servicer, the Trustee or any of their affiliates. None of the Company, the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Initial Certificate Principal Balance of this Certificate by the aggregate Initial Certificate Principal Balance of all Class A Certificates, both as specified above) in certain distributions with respect to the Trust Fund consisting primarily of an interest in a pool of one- to four-family adjustable-rate first lien and fixed-rate first and second lien mortgage loans (the “Mortgage Loans”), formed and sold by Impac Secured Assets Corp. (hereinafter called the “Company,” which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among the Company, the Master Servicer and Deutsche Bank National Trust Company, as trustee (the “Trustee”), a summary of certain of the pertinent provisions of which is set forth hereafter...
Adjustable Rate. The Adjustable Rate shall be in effect beginning on the First Rate Change Date. From and after each Rate Change Date until the next Rate Change Date, the Adjustable Rate shall be the sum of (a) the Current Index, and (b) the Margin, which sum is then rounded to three decimal places, subject to the limitations that the Adjustable Rate shall not be less than the Margin. Accrued interest on this Note shall be paid in arrears.
Adjustable Rate. Class [I-M-1][I-M-2][I-M-3][I-M-4][I-M-5][I-M-6][I-M-7][I-M-8][I-M-9][I-M-10][II-M-1][II-M-2][II-M-3][II-M-4][II-M-5][II-M-6][II-M-7][II-M-8][II-M-9][II-M-10] Subordinate Date of Pooling and Servicing Agreement and Cut-off Date: January 1, 2007 Aggregate Initial Certificate Principal Balance of this Certificate as of the Cut-off Date: $[__________] First Distribution Date: February 26, 2007 Initial Certificate Principal Balance of this Certificate as of the Cut-off Date: $[__________]
Adjustable Rate. Each Variable Structured ARM Advance shall bear interest at an Adjustable Rate which Adjustable Rate shall include the Margin. The Adjustable Rate with respect to each Variable Structured ARM Advance shall change on each Rate Change Date until such Variable Structured ARM Advance is repaid in accordance with the applicable Variable Facility Note.
Adjustable Rate. (A) Borrower fails to deliver the statements, schedules and reports required by Section 6.07 of the Loan Agreement and Lender exercises its right to audit those statements, schedules and reports.
Adjustable Rate. (i) Borrower will be personally liable for the performance of and compliance with all of Borrower’s obligations under Sections 6.12 and 10.02(b) of the Loan Agreement (relating to environmental matters).
Adjustable Rate. (e) Unless otherwise expressly provided in the Loan Documents, Borrower may not voluntarily prepay less than all of the unpaid principal balance of this Note. In order to voluntarily prepay all or any part of the principal of this Note, Borrower must also pay to Lender, together with the amount of principal being prepaid, (i) all accrued and unpaid interest due under this Note, plus (ii) all other sums due to Lender at the time of such prepayment, plus (iii) any prepayment premium calculated pursuant to Section 10(f).
Adjustable Rate non-judicial foreclosure proceeding. Xxxxxxxx acknowledges and agrees that, in connection with each request by Borrower under this Note or any Loan Document, Borrower will pay all reasonable Attorneys’ Fees and Costs and expenses incurred by Xxxxxx, including any fees charged by the Rating Agencies, regardless of whether the matter is approved, denied or withdrawn.
