Examples of Floating Rate Certificate Carryover in a sentence
The ratings on the Offered Certificates do not address the likelihood of the payment of any Floating Rate Certificate Carryover.
Payments in respect of such Floating Rate Certificate Carryover shall be paid to the Offered Certificates pro rata based upon such Floating Rate Certificate Carryover for each class of Offered Certificates.
Any amounts that are received on the Cap Contract that are not used to pay such Floating Rate Certificate Carryover on the Offered Certificates will be distributed to the holder of the Class C Certificates.
Any amounts received under the terms of the Cap Contract on a Distribution Date that are not used to pay such Floating Rate Certificate Carryover will be distributed to the holder of the Class C Certificates.
On or prior to the Cap Contract Termination Date, amounts, if any, received by the Trustee for the benefit of the Trust Fund in respect of the Cap Contract will be used to pay Floating Rate Certificate Carryover on the Offered Certificates except Floating Rate Certificate Carryover resulting from the fact that the Pooling and Servicing Agreement does not provide for the reduction of the Certificate Principal Balance of the Class A Certificates as a result of Realized Losses.