WAC. For any Distribution Date, interest that accrues on the notional component of the Class 1-X Certificate shall be deferred to the extent such interest is used to make principal distributions to other Classes or Certificates on such date. Such deferred interest shall not itself bear interest.
Appears in 3 contracts
Samples: Trust Agreement (Lehman XS Trust, Series 2005-4), Trust Agreement (Lehman XS Trust Series 2005-2), Trust Agreement (Lehman Xs Trust Series 2005-3)
WAC. For any Distribution Date, interest that accrues on the notional component of the Class 12-X Certificate shall be deferred to the extent such interest is used to make principal distributions to other Classes or Certificates on such date. Such deferred interest shall not itself bear interest.
Appears in 3 contracts
Samples: Trust Agreement (Structured Asset Securities Corp), Trust Agreement (Lehman Xs Trust Series 2005-3), Trust Agreement (Lehman XS Trust, Series 2005-4)
