Examples of Corresponding Certificate in a sentence
Each of the Upper-Tier REMIC Group II Regular Interests shall have a principal balance equal to the principal balance of the Corresponding Certificate and shall have an interest rate equal to the Pass-Through Rate on the Corresponding Certificate, subject to a cap equal to the Group II Net Rate.
CIN: Name of Company (in full) DESCRIPTION OF SECURITIES:Kind/ class of securities (1)Nominal value of each unit of security (2)Amount called up per unit of security (3)Amount paid up per unit of security (4)Equity Shares No. of Securities being TransferredConsideration received (₹)In FiguresIn wordsIn wordsIn Figures Distinctive NumberFrom To Corresponding Certificate Nos.
For federal income tax purposes, the Net Rate Cap with respect to each Class M Certificate and Class B Certificate and any Distribution Date shall be a rate equal to the weighted average of the Uncertificated REMIC II Pass-Through Rate for such Distribution Date for the REMIC II Regular Interest for which such Certificate is the Corresponding Certificate.
To the Class I-Accrual Interest, principal in an amount equal to one-half the principal distributed on the Class A, Class M and Class B Certificates on such Payment Date; and to each Intermediate REMIC Accretion Directed Interest, principal (including that payable to the Intermediate REMIC Accretion Directed Interests as described in Section 8.07(a)(i)(A) in an amount equal to one-half the principal distributed to its Corresponding Certificate Class on such Payment Date.
CIN: Name of Company (in full) DESCRIPTION OF SECURITIES: No. of Securities being TransferredConsideration received (₹)In FiguresIn wordsIn wordsIn Figures Distinctive NumberFrom To Corresponding Certificate Nos.