Examples of Class A Certificate in a sentence
The total amount of interest distributed on any Class A Certificate on any Distribution Date shall be equal to one month’s interest at the Certificate Interest Rate on the Certificate Principal Balance of such Certificate immediately prior to such Distribution Date.
All distributions made with respect to any Class A Certificate on any Distribution Date shall be applied first to the interest distributable thereon on such Distribution Date and then to the principal thereof.
All computations of interest accrued on any Class A Certificate shall be made as if each year consisted of twelve months of thirty days each.
In the case of the Class UTA-1 Interest and the Residual Interest, a per annum rate equal to the excess of (i) the weighted average of the interest rate of the Class LTII1B Interest for such Distribution Date over (ii) the Class A Certificate Guaranty Insurance Premium Rate.
Any purported appointment of a successor servicer without the prior written consent of the Class A Certificate Insurer shall be void ab initio.