Examples of Fixed Rate Certificate in a sentence
Accrued interest, if any, on any Fixed Rate Certificate shall be calculated based upon a 360-day year consisting of twelve 30-day months.
This Certificate is limited in right of payment to certain collections and recoveries relating to the Mortgage Loans in Group I and amounts on deposit in the Accounts (except as otherwise provided in the Pooling and Servicing Agreement) and payments received by the Trustee pursuant to the Fixed Rate Certificate Insurance Policy, all as more specifically set forth hereinabove and in the Pooling and Servicing Agreement.
Upon receipt of amounts under the Fixed Rate Certificate Insurance Policy on behalf of the Owners of the Class A-1 Certificates, the Trustee shall distribute in accordance with the Pooling and Servicing Agreement such amounts to the Owners of the Class A-1 Certificates.
This certificate represents a fractional ownership interest in Group I described herein, moneys in certain Accounts created pursuant to the Pooling and Servicing Agreement and certain other rights relating thereto and is payable only from amounts received by the Trustee (i) relating to the Mortgage Loans in Group I held by the Trust and (ii) pursuant to the Fixed Rate Certificate Insurance Policy.
Accrued interest, if any, on any Fixed Rate Certificate and any Lower Tier Interest shall be calculated based upon a 360-day year consisting of twelve 30-day months.