Examples of Subordinate Certificates in a sentence
The Subordinate Certificates shall be issued in authorized denominations of $100,000 and integral multiples of $1 in excess thereof.
The Subordinate Certificates are issued under the Trust Agreement, to which Trust Agreement reference is hereby made for a statement of the respective rights thereunder of Xxxxxx Xxx, the Trustee, and the Holders of the Certificates and the terms upon which this Subordinate Certificate is, and is to be, authenticated and made available.
This Subordinate Certificate is one of several classes of subordinate REMIC Pass- Through Certificates (herein called the “Subordinate Certificates”), which, together with the Guaranteed REMIC Pass-Through Certificates of Xxxxxx Xxx (the “Guaranteed Certificates” and together with the Subordinate Certificates, the “Certificates”) represent the entire beneficial ownership of Xxxxxx Mae Multifamily REMIC Trust 1998-M1 (herein called the “Trust”).
The Subordinate Certificates are entitled to distributions solely as described in the Trust Agreement on the related Distribution Date.
The Subordinate Certificates shall be issued in certificated fully registered form in substantially the form of Exhibit E hereto.