Common use of Initial Notional Amount Clause in Contracts

Initial Notional Amount. The Class 2-A2, Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class 2-A20, Class 3-A2, Class 3-A4, Class 3-A5, Class 3-A6, Class 3-A7, Class 3-A8, Class 3-A9 and Class AX Certificates are interest-only certificates; they will not be entitled to payments of principal and will accrue interest on their Notional Amounts.

Appears in 1 contract

Sources: Trust Agreement (Lehman Mortgage Trust 2007-4)

Initial Notional Amount. The Class 1-A6, Class 1-A7, Class 1-A8, Class 2-A2, Class 2-A4A3, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class 2-A20, A12 and Class 3-A2, Class 3-A4, Class 3-A5, Class 3-A6, Class 3-A7, Class 3-A8, Class 3-A9 and Class AX A2 Certificates are interest-only certificates; they will not be entitled to payments of principal and will accrue interest on their Notional Amounts.

Appears in 1 contract

Sources: Trust Agreement (Lehman Mortgage Trust 2006-9)