Funding Note Clause Samples
Funding Note. A debt obligation representing all or a portion of the “regular interest” in a REMIC, which obligation is secured by PCs or GNMA-Related Securities and provides for ▇▇▇▇▇▇▇ Mac to receive payments on such PCs or GNMA-Related Securities in such amounts as are necessary to amortize the principal amount of, and pay accrued interest on, such debt obligation.
Funding Note. Funding for task 4.1.1 will come from Cooperative agreement L019 between the DISTRICT and COUNTY during Fiscal Year 2007.
Funding Note. SECTION 4.1 ISSUANCE OF FUNDING NOTE....
SECTION 4.2 ACQUISITION OF FUNDING AGREEMENT(S) AND CANCELLATION OF INDEBTEDNESS REPRESENTED BY FUNDING NOTE..
Funding Note. Minimum Asset Coverage Ratio pro forma Asset Coverage Ratio (before payments pursuant to Section 1.06(d) of Ratable Financing Costs to be capitalized) Asset Coverage Ratio (after payments pursuant to Section 1.06(d) of Ratable Financing Costs to be capitalized, if any) Funding Note Principal Due Opening Principal Balance of Funding Note plus: Advances Minus: Prepayments Subtotal: Principal Balance of Funding Note minus: Principal distributed to Funding Note equals: Ending Principal Balance of Funding Note
Funding Note