Examples of Class 2X Certificates in a sentence
The Class 1-P, Class 2-P, Class 1-X and Class 2-X Certificates shall each be maintained in definitive, fully registered form in a minimum denomination equal to 10.00% of the Percentage Interest of each such Class and integral multiples of 1.00% in excess thereof.
Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class.
At all times during the term of this Agreement, 1% of all Voting Interests shall be allocated to each of the Class 1-P, Class 2-P, Class 1-X and Class 2-X Certificates, while they remain outstanding.
The Class 2-X Certificates are comprised of the Class 2-X IO and Class 2-X PO Components.
The Class 2X Certificates shall be issued in minimum denominations of $1,000,000 initial notional amount each and multiples of $1 in excess of $1,000,000.
The Senior Certificates (other than the Class 2X Certificates and the Residual Certificates) shall be issued in minimum denominations of $25,000 initial certificate principal balance each and multiples of $1 in excess thereof.
Class 2-A-1 and Class 2-X Certificates, and the Class PO-2 Component.
In addition, one certificate of each Class (other than the Residual Certificates) may be issued evidencing the sum of an authorized denomination thereof and the remainder of the aggregate initial Class Principal Balance (or, in the case of the Class 2X Certificates, the Notional Amount) of such Class.
Each of the Group 2 Certificates (other than the Residual Certificates, the Class 2-P Certificates, and the Class 2-X Certificates) also represent the right to receive Basis Risk Shortfalls or Unpaid Basis Risk Shortfalls.
Each Class of the Group 2 Certificates and the Class 2-P Certificates and the Class 2-X Certificates (exclusive of any right to receive or obligation to pay Basis Risk Shortfalls or Unpaid Basis Risk Shortfalls) represent ownership of regular interests in REMIC UT-2.