Examples of Class IIA-1 Certificates in a sentence
The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-1 Certificates, as described in the Agreement.
On each distribution date, an amount up to the Group II Senior Principal Distribution Amount for that distribution date, will be distributed as principal to the Class II-A-1 Certificates, until its Class Principal Balance has been reduced to zero.
After the first distribution date, the per annum pass-through rate on the Class II-A-1 Certificates will equal the weighted average of the net interest rates on the group II mortgage loans less [0.02]% (30/360 accrual basis, 24 day delay).
The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-1 Certificates, as described in the Agreement.
After the first distribution date, the per annum pass-through rate on the Class II-A-1 Certificates will equal the weighted average of the net interest rates on the group II mortgage loans less the sum of (i) the per annum pass-through rate on the Class II-X Certificates and (ii) 0.02% (30/360 accrual basis, 24 day delay).
The pass-through rate on the Class II-A-1 Certificates applicable to each Distribution Date will be 6.000% per annum.
After the first distribution date, the per annum pass-through rate on the Class II-A-1 Certificates will equal the weighted average of the net interest rates on the group II mortgage loans less [the sum of (i) the per annum pass-through rate on the Class II-X Certificates and (ii) 0.02]% (30/360 accrual basis, 24 day delay).
The pass-through rate on the Class II-A-1 Certificates applicable to each Distribution Date will be 6.500% per annum.
The pass-through rate on the Class II-A-1 Certificates with respect to each Distribution Date will be a per annum rate equal to the Net WAC of the Group II Mortgage Loans.
If the 10% cleanup call, with respect to the related Loan Group, is not exercised on the first distribution date on which it is exercisable, the coupon on the Class IA-5 Certificates will increase by 50 bps per annum, the margin on the Class IIA-1 Certificates will increase to 2x the IIA-1 margin, and the margin on the Class IIM-1, Class IIM-2 and Class IIB Certificates will increase to 1.5x their related margins.