Examples of Class Coupon in a sentence
For U.S. federal income tax purposes, the Class 1M-1, Class 1M-2A, Class 1M-2B, Class 1M-2C, Class 1B-1A, Class 1B-1B and Class 1B-2 Notes will be treated as representing both an Upper- Tier Regular Interest and the right to Class Coupon in excess of the REMIC Cap.
For U.S. federal tax return and information reporting purposes, the value of the right to Class Coupon in excess of the REMIC Cap will be assumed to be nominal.
This interest will have a principal balance equal at all times to the outstanding principal balance of its Corresponding Class of Notes and its interest rate will be the same as the Class Coupon of its Corresponding Class of Notes, except that such rate will be subject to a cap equal to the REMIC Cap (the "REMIC Note Rate").