Examples of Class A-1C Certificates in a sentence
The Class A-1C Certificates will provide credit support to certain Classes of Certificates, as described in the Pooling Agreement.
Dated: LASALLE NATIONAL BANK, not in its individual capacity but solely as Trustee By:_________________________________________ Authorized Officer Certificate of Authentication ----------------------------- This is one of the Class A-1C Certificates referred to in the Pooling and Servicing Agreement.
On each Distribution Date (as defined herein), the certificate interest rate for the Class A-1A, Class A-1B and Class A-1C Certificates will be equal to the least of (i) One-Month LIBOR plus the related margin (the margin doubles after the first possible Optional Call Date), (ii) the related Net WAC Cap (as defined herein) and (iii) 10.50%.
This requirement will be satisfied if the offer will be made to all Mariposa ordinary shareholders.
The Certificates will consist of twelve classes of certificates, designated as (i) the Class A1A Certificates, (ii) the Class A1B Certificates, (iii) the Class A1C Certificates, (iv) the Class X Certificates, (v) the Class PO Certificates, (vi) the Class A-R Certificates, (vii) the Class B-1 Certificates, (viii) the Class B-2 Certificates, (ix) the Class B-3 Certificates, (x) the Class B-4 Certificates, (xi) the Class B-5 Certificates and (xii) the Class B-6 Certificates.
All calculations of interest on the Class A-1B Certificates, Class A-1C Certificates, Class A-1D Certificates or Class A-1E Certificates will be computed on the basis of a 360-day year of twelve 30-day months.
If the 10% cleanup call is not exercised on the first Distribution Date on which it is exercisable, the margin on the Class A-1A, Class A-1B and Class A-1C Certificates will increase to 2x its margin with respect to each subsequent Distribution Date.
If such excess does exist, then the Class Principal Balances of the Class C, Class B-7, Class B-6, Class B-5, Class B-4, Class B-3, Class B-2, Class B-1, Class A-4, Class A-3, Class A-2 and Class A-1C Certificates shall be reduced sequentially, in that order, in each case, until such excess or the related Class Principal Balance is reduced to zero (whichever occurs first).
LaSalle National Bank, as Trustee By:_________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Class A-1C Certificates referred to in the within-mentioned Agreement.
For the Class A-1C Certificates for any Distribution Date, the lesser of (a) the Carryover Shortfall Amount for such Class for such Distribution Date and (b) the sum of the Interest Distribution Amounts for the Class X-1-L and Class X-2-L Regular Interests for such Distribution Date.