Class A-16 Internal Certificate definition

Class A-16 Internal Certificate. Any one of the Certificates designated on the face thereof as a Class A-16 Internal Certificate substantially in the form annexed hereto as Exhibit A-16-I executed, authenticated and delivered by the Trustee, representing the right to distributions as set forth herein.
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Examples of Class A-16 Internal Certificate in a sentence

  • Distributions will be made in immediately available funds to Owners of Certificates having an aggregate original Class A-16 Internal Certificate Principal Balance of at least $1,000,000 (by wire transfer or otherwise) to the account of an Owner at a domestic bank or other entity having appropriate facilities therefor, if such Owner has so notified the Trustee, or by check mailed to the address of the person entitled thereto as it appears on the Register.

  • The Percentage Interest of each Class A-16 Internal Certificate as of any date of determination will be equal to the percentage obtained by dividing the original Certificate Principal Balance of such Class A-16 Internal Certificate on the Startup Day by the aggregate Class A-16 Internal Certificate Principal Balance on the Startup Day.

  • Each Owner of record of a Class A-16 Internal Certificate will be entitled to receive such Owner's Percentage Interest in the amounts due on such Payment Date to the Owners of the Class A-16 Internal Certificates.