IAPO definition
Examples of IAPO in a sentence
The Class I-A-PO Certificates are not entitled to distributions in respect of interest.
With respect to any Distribution Date, the amount of the Principal Adjustment, if any, attributable to any Class of Class B Certificates will be allocated to the Classes of Class A Certificates (other than the Class I-A-PO and Class II-A-PO Certificates) and any Class of Class B Certificates with a lower numerical designation pro rata based on their outstanding Principal Balances.
The Class I-A-PO Certificates are principal only Certificates and will not be entitled to distributions in respect of interest.
The Master Servicer shall, on behalf of the Seller, make all filings required to be made by the Seller with respect to the Class A Certificates (other than the Class I-A-PO and Class II-A-PO Certificates) and the Class B-1, Class B-2 and Class B-3 Certificates pursuant to the Securities Exchange Act of 1934, as amended.
The Class I-A-PO, Class II-A-PO and Class B Certificates shall bear a legend referring to the foregoing restrictions contained in this paragraph.
With respect to the Class I-A-PO and Class II-A-PO Certificates, the minimum Denomination eligible for wire transfer on each Distribution Date is 100% Percentage Interest.
The Holder of a Class I-A-PO, Class II-A-PO, Class B-4, Class B-5 or Class B-6 Certificate desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee, the Seller, the Master Servicer and any Paying Agent acting on behalf of the Trustee against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.
No transfer of a Class I-A-PO Certificate will be made unless such transfer is exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws or is made in accordance with said Act and laws.
Neither the Seller nor the Trustee is under an obligation to register the Class I-A-PO, Class II-A-PO, Class B-4, Class B-5 or Class B-6 Certificates under said Act or any other securities law.
For the purposes of determining distributions in reduction of Principal Balance, the Class A-PO Certificates consist of two components (each, a "Component" and individually, the "Class I-A-PO Component" and the "Class I-A-PO Component").