Security Principal definition
Examples of Security Principal in a sentence
Calculations of such Agency Security Distributions and of Agency Security Principal Balances shall give effect to the period of time that elapses between scheduled due dates on which payments on underlying mortgage loans are due and the dates on which such payments are required to be distributed to the holder of a related Agency Security in accordance with the guidelines for the program pursuant to which such Agency Securities were issued.
The Trustee shall make appropriate endorsements to reflect increases or decreases in the principal amounts of such Global Securities as set forth on the face of the Security ("Principal Amount") to reflect any such transfers.
Dated ________________________________ The following increases or decreases in this Global Security have been made: Date of Exchange Amount of Decrease in Principal Amount of this Global Security Amount of Increase in Principal Amount of this Global Security Principal Amount of this Global Security following such decrease (or increase) Signature of authorized officer of Trustee or Depositary __________________________ * To be included in a Book-Entry Note.
Date of Exchange Amount of decrease in Principal amount of this Global Security Amount of increase in Principal amount of this Global Security Principal amount of this Global Security following such decrease or increase) Signature of authorized officer of Trustee or Securities Custodian THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE.
Any distribution to the Holder of this Security in reduction of the Security Principal Balance hereof is binding on such Holder and all future Holders of this Security and any Security issued upon the transfer hereof or in exchange therefor or in lieu hereof whether or not notation of such distribution is made upon this Security.
This Security shall accrue interest during each Interest Accrual Period on the Security Principal Balance of such Security at a rate per annum equal to the related Pass-Through Rate.
In the case of information furnished pursuant to clauses (a) and (b) above, the amounts shall be expressed, with respect to any Security, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Securities does not have a Security Principal Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest.
Such assignment includes all of the Company's rights to Monthly Payments on the Mortgage Assets due after the Cut-off Date, and all other payments of principal (and interest) made on or after the Cut-off Date that are reflected in the initial aggregate Security Principal Balance of the Securities for a Trust.
The following increases or decreases in this Global Security have been made: Date of Exchange Amount of decrease in Principal Amount of this Global Security Amount of increase in Principal Amount of this Global Security Principal amount of this Global Security following such decrease or increase Signature of authorized signatory of Trustee or Securities Custodian ▇▇▇▇▇▇ Oil USA, Inc.
Any reduction of the Class Principal Balance of a Class of Securities will be allocated among the Subclasses of such Class on a pro rata basis, based on the Subclass Principal Balance of each such Subclass, and among each Security of such Subclass on a pro rata basis, based on the Security Principal Balance of each such Security.