Accretion Directed Classes definition
Examples of Accretion Directed Classes in a sentence
The Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-A-4, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1, Class LT-B-2 and Class LT-B-3 Interests are hereby designated the LT Accretion Directed Classes (the "LT Accretion Directed Classes").
Class LT-A1, Class LT-A2, Class LT-M-1, Class LT-M-2 and Class LT-B-1 are hereby designated the LT Accretion Directed Classes.
The Class LT-A-1, Class LT-A-2, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-B-1, Class LT-B-2 and Class LT-B-3 Interests are hereby designated the LT Accretion Directed Classes (the "LT Accretion Directed Classes").
All payments of principal generated by the Mortgage Loans shall be allocated 50% to the T-4 Accrual Interest, and 50% to the REMIC IV Accretion Directed Classes (in an amount equal to 50% of the principal amounts allocated to their respective Corresponding Classes), until paid in full.
REMIC 1 Accretion Directed Classes ---------------------------------- As defined in the Preliminary Statement.
Realized Losses shall be applied so that after all distributions have been made on each Distribution Date (i) the Lower-Tier REMIC Principal Amount of each of the LT Accretion Directed Classes is equal to 50% of the Certificate Balance of their Corresponding Class, and (ii) the Class LT-Accrual Interest is equal to 50% of the aggregate Stated Principal Balance of the Mortgage Loans plus 50% of the Overcollateralization Amount.
The Class IV-A-1, Class IV-A-2, Class IV-A-3, Class IV-A-4, Class IV-M-1, Class IV-M-2, Class IV-M-3, Class IV-M-4, Class IV-M-5, Class IV-M-6, Class IV-B-1, Class IV-B-2, Class IV-B-3, and Class IV-B-4 Interests are hereby designated the REMIC IV Accretion Directed Classes.
On each Distribution Date, 50% of the increase in the Overcollateralization Amount shall be payable as a reduction of the Lower-Tier REMIC Principal Amount of the LT Accretion Directed Classes (each such Class will be reduced by an amount equal to 50% of any increase in the Overcollateralization Amount that is attributable to a reduction in the Certificate Balance of its Corresponding Class) and shall be accrued and added to the Lower-Tier REMIC Principal Amount of the Class LT-Accrual Interest.
The Class LT-A-1a, Class LT-A-1b, Class LT-A-2, Class LT-A-3, Class LT-A-4, Class LT-A-5, Class LT-A-6, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-M-4, Class LT-M-5, Class LT-M-6, Class LT-M-7, Class LT-M-8 and Class LT-M-9 Interests are hereby designated the LT Accretion Directed Classes (the "LT Accretion Directed Classes").
If I decide to remain in the foreign country after premature Program cancellation initiated by CSB/SJU or the Program, I understand that I will be required to bear full responsibility and all liability for my own care and safety and that I shall release CSB/SJU and the Program from any responsibility or liability.