Fractional Undivided Interest means the fractional undivided interest in a Trust that is represented by a Certificate relating to such Trust.
Fractional Undivided Interest. With respect to any Class of Certificates (other than the Class XP Certificates), the fractional undivided interest evidenced by any Certificate of such Class the numerator of which is the Current Principal Amount of such Certificate and the denominator of which is the Current Principal Amount of such Class. With respect to the Class XP Certificates, the percentage interest stated thereon. With respect to the Certificates in the aggregate, the fractional undivided interest evidenced by (i) the Residual Certificates will be deemed to equal 1.0% and (ii) a Certificate of any other Class will be deemed to equal 99.0% multiplied by a fraction, the numerator of which is the Current Principal Amount of such Certificate and the denominator of which is the aggregate Current Principal Amount of all the Certificates of such Class. Xxxxxxx Mac: Xxxxxxx Mac, formerly the Federal Home Loan Mortgage Corporation, and any successor thereto. Xxxxxxx Mac Guide: The Xxxxxxx Mac Selling Guide and the Xxxxxxx Mac Servicing Guide and all amendments or additions thereto.
Fractional Undivided Interest. Means the fractional undivided interest in the Trust that is evidenced by a Certificate.
Examples of Fractional Undivided Interest in a sentence
As provided in the Agreement and subject to certain limitations therein set forth, this Certificate is exchangeable for one or more new Certificates evidencing the same Class and in the same aggregate Fractional Undivided Interest, as requested by the Holder surrendering the same.
As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of authorized denominations evidencing the same aggregate Fractional Undivided Interest in the Trust, as requested by the Certificateholder surrendering the same.
This Escrow Receipt evidences the same percentage interest in the Account Amounts as the Fractional Undivided Interest in the Pass Through Trust evidenced by the Certificate to which this Escrow Receipt is affixed.
UPDATED LIVING WAGES AND FAMILY EXPENSES FOR AUGUST 2021The updated net living wage, or take-home pay, for August 2021 is RMB 3,804 per month.
The Certificates are issuable only as registered Certificates without coupons in minimum denominations of $1,000 Fractional Undivided Interest and integral multiples thereof except that one Certificate may be issued in a different denomination.
More Definitions of Fractional Undivided Interest
Fractional Undivided Interest. With respect to any Class of Certificates (other than the Residual Certificates), the fractional undivided interest evidenced by any Certificate of such Class, the numerator of which is the Current Principal Amount of such Certificate and the denominator of which is the Current Principal Amount of such Class. With respect to the Class R-1 and Class R-2 Certificates, in each case, 100%. With respect to the Certificates in the aggregate, the fractional undivided interest evidenced by each of the Class R-1 and Class R-2 Certificates will be deemed to equal 1% and (ii) a Certificate of any other Class will be deemed to equal 98% multiplied by a fraction, the numerator of which is the Current Principal Amount of such Certificate and the denominator of which is the Current Principal Amount of all the Certificates.
Fractional Undivided Interest. The percentage interest in the Issuing Entity shown on a Certificateholders’ Certificate.
Fractional Undivided Interest. With respect to any Class of Certificates, the fractional undivided interest evidenced by any Certificate of such Class, which is a fraction (i) in the case of the Class B-IO Certificates, the numerator of which is the Class B-IO Notional Amount of such Class B-IO Certificate and the denominator of which is the aggregate Class B-IO Notional Amount of all Class B-IO Certificates and (ii) in the case of any other such Class, the numerator of which is the Current Principal Amount of such Certificate and the denominator of which is the Current Principal Amount of such Class. With respect to the Certificates in the aggregate, the fractional undivided interest evidenced by (i) a Residual Certificate will be deemed to equal 1% multiplied by the percentage interest of such Residual Certificate, (ii) a Class B-IO Certificate, 2% times a fraction, the numerator of which is the Class B-IO Notional Amount of such Certificate and the denominator of which is the aggregate Class B-IO Notional Amount of all Class B-IO Certificates and (iii) a Certificate of any other Class will be deemed to equal 96% multiplied by a fraction, the numerator of which is the Current Principal Amount of such Certificate and the denominator of which is the aggregate Current Principal Amount of all such Certificates.
Fractional Undivided Interest means a fractional undivided interest, which, with respect to any Investor Certificate, can be expressed as a percentage of the interest in the Trust Assets represented by the Series or Class in which it was issued by taking the percentage equivalent of a fraction the numerator of which is the principal amount of such Investor Certificate and the denominator of which is the aggregate principal amount of all Investor Certificates of such Series or Class.
Fractional Undivided Interest means the fractional undivided interest in the Certificateholders' Interest evidenced by an Investor Certificate.
Fractional Undivided Interest. The fractional undivided beneficial ownership interests in the assets of the Trust evidenced by an Outstanding Certificate that is equal to the Certificate Principal Balance of such Certificate divided by the aggregate Certificate Principal Balance of all Outstanding Certificates.
Fractional Undivided Interest. With respect to each Class of Certificates, the fractional undivided interest evidenced by any Certificate, the numerator of which is the Current Principal Amount of such Certificate and the denominator of which is the aggregate Current Principal Amount of the related Class of such Certificate.