Examples of Certificate Accounts in a sentence
For Certificate Accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account.
Participating credit unions will establish Qualifying Certificate Accounts.
For Certificate Accounts, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity.
As provided in the Pooling and Servicing Agreement, withdrawals from the Certificate Accounts shall be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of certain expenses incurred with respect to the servicing of the Mortgage Loans and administration of the Trust Fund.
Interest or other income earned on funds in the Certificate Accounts will be paid to the applicable Master Servicer as set forth in the Pooling and Servicing Agreement.
This Trust Agreement (including, without limitation, the establishment and maintenance of Certificate Accounts and all interests, duties and obligations of the parties hereunder or thereunder or with respect hereto or thereto) and each Certificate shall be construed in accordance with and governed by the law of the State of New York.
With respect to each Series and in accordance with Section 2.06, the Certificate Accounts shall be under the sole dominion and control (including, without limitation, Securities Control) of the Trustee for the benefit of the related Certificateholders.
Balance Computation Method: Dividends on all Share Certificate Accounts are calculated by the daily balance method which applies a daily periodic rate to the balance in the Share Certificate Account each day.
If you close your Primary Savings Account before dividends are credited, you will also be required to close your Share Certificate Accounts with us and you will not receive accrued dividends on any of the Accounts closed.
Qualifying Certificate Account: Participating credit unions will establish Qualifying Certificate Accounts.