Certain Residual Classes. Solely for purposes of this Section, if the principal amount of a Residual Class has been reduced to zero prior to the principal amounts of all the other Classes of the related REMIC Pool having been reduced to zero, such Residual Class shall be deemed to have an aggregate outstanding principal amount of $1,000.00.
Appears in 13 contracts
Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement
Certain Residual Classes. Solely for purposes of this Section, if the principal amount of a Residual Class has been reduced to zero prior to the principal amounts of all the other Classes of the related REMIC RKMIC Pool having been reduced to zero, such Residual Class shall be deemed to have an aggregate outstanding principal amount of $1,000.00.
Appears in 2 contracts
Samples: Multiclass Certificates Agreement, Multiclass Certificates Agreement
