Examples of Class X Certificate in a sentence
Class P Certificate and Class X Certificate; any certificate with a rating below the lowest applicable permitted rating under the Underwriters' Exemption.
Any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentment and surrender of this Class X Certificate at the Corporate Trust Office or the office or agency maintained by the Trustee in New York, New York.
Each Certificate, other than the Class X Certificate and Class R Certificate, represents ownership of a regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions.
The Class X Certificate represents ownership of the Class X Interest in the Master REMIC and also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund and the Supplemental Interest Trust.
Notwithstanding anything else to the contrary herein, any purported transfer of a Class X Certificate to or on behalf of an employee benefit plan subject to ERISA or to the Code without the opinion of counsel satisfactory to the Trustee as described above shall be void and of no effect.