Examples of Offered P&I Certificates in a sentence
Each Class of Offered P&I Certificates represents beneficial ownership of the corresponding REMIC 4 Regular Interest and the right to receive Cap Carryover Amounts.
In furtherance of such intention, the Trustee shall furnish or cause to be furnished (i) to the Holders of the Offered P&I Certificates and (ii) to the Holder of the Class CE Certificates and shall file or cause to be filed with the Internal Revenue Service together with Form 1041 or such other form as may be applicable, their allocable shares of income and expenses with respect to the property held by the Grantor Trust, at the time or times and in the manner required by the Code.
In furtherance of such intention, the Trustee shall furnish or cause to be furnished (i) to the Holders of the Offered P&I Certificates and (ii) to the Holder of the Class CE Certificates and shall file or cause to be filed with the Internal Revenue Service together with Form 1041 or such other form as may be applicable, their allocable shares of income with respect to the property held by the Grantor Trust, at the time or times and in the manner required by the Code.
The REMIC 4 Regular Interests will be held as assets of the Grantor Trust, which will also hold the rights of the Offered P&I Certificates to receive their respective Cap Carryover Amounts.
The REMIC 4 Regular Interests will be held as assets of the Grantor Trust, which will also hold (i) the rights of the Offered P&I Certificates to receive their respective Cap Carryover Amounts, (ii) the Swap Agreement and the rights and obligations of the Class A-2 Certificates with respect thereto, and (iii) the Yield Maintenance Agreement, the Reserve Account and the beneficial interest of the Class CE Certificates with respect thereto, subject to the obligation to pay Cap Carryover Amounts.