Certificate Yield Sample Clauses

Certificate Yield. Based on the Offering Prices, the Yield on the Certificates is %, as computed by Special Tax Counsel and as shown on Exhibit A attached hereto. The City has not entered into an interest rate swap agreement with respect to any portion of the Certificate proceeds.
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Certificate Yield. 4 SECTION 3.3 Scheduled Return of Holder Fundings....................... 4 SECTION 3.4 Early Return of Holder Fundings........................... 5 SECTION 3.5 Payments from Trust Estate Only........................... 5 SECTION 3.6
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Certificate Yield. The Owner Trustee shall pay to each Holder, from the Trust Estate, its pro rata portion of Holder Yield on Holder Fundings made hereunder. Payment of Holder Yield on each Holder Funding shall be made in arrears on each Payment Date. If the date on which such payment of Holder
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Certificate Yield. Based on the issue price, the Yield on the Certificates is %, as computed by Special Counsel as shown on Exhibit A. The Issuer has not entered into an interest rate swap agreement with respect to any portion of the proceeds of the Certificates. The Bond Insurer has issued the Bond Insurance Policy, which guarantees the scheduled payment of the Principal Component or Interest Component of the Rental Payments when due. In the Underwriter Receipt for Bonds and Closing Certificate, the Underwriter has represented that the premium for the Bond Insurance Policy does not exceed a reasonable, arm’s-length charge for the transfer of credit risk and that the present value of the Bond Insurance Policy premium is less than the present value of the interest expected to be saved as a result of the Bond Insurance Policy. In the certificate of Bond Insurer, the Bond Insurer has represented that the Bond Insurance Policy premium does not include any payment for any direct or indirect services other than the transfer of credit risk. The premium for the Bond Insurance Policy is treated as a payment for a qualified guarantee under Regulations § 1.148-4(f).
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Certificate Yield. During all times that any or all of the principal amount of the Certificate is outstanding (the "Invested Amount"), the Issuer shall pay with respect to each Settlement Period (or portion thereof) an amount equal to the sum of (a) + (b) + (c), where:
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Certificate Yield. During all times that any portion of the Invested Amount is outstanding under the Face-Amount Certificate, the Issuer shall pay, with respect to each Settlement Period (or portion thereof), an amount equal to the sum of (a) and (b) (the "CERTIFICATE YIELD"), where (a) is equal to the applicable Earned Yield (as defined below) with respect to such Settlement Period (or portion thereof), and where (b) is equal to the product of (x) the applicable Program Fee payable by the Issuer pursuant to the Program Fee Letter with respect to such Settlement Period (or portion thereof) MULTIPLIED BY (y) $500,000,000 until the Invested Amount equals $500,000,000 and thereafter the Invested Amount.
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Related to Certificate Yield

  • Class A Certificates 7 Class I-A Certificates.........................................................................7 Class I-B-1 Certificates.......................................................................8 Class I-B-2 Certificates.......................................................................8 Class I-B-3 Certificates.......................................................................8 Class I-B-4 Certificates.......................................................................8 TABLE OF CONTENTS (continued) Class I-B-6 Certificates.......................................................................8 Class II-A Certificates........................................................................8 Class II-B-1 Certificates......................................................................8 Class II-B-2 Certificates......................................................................8 Class II-B-3 Certificates......................................................................8 Class II-B-4 Certificates......................................................................8 Class II-B-5 Certificates......................................................................8 Class II-B-6 Certificates......................................................................8

  • Senior Certificates Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-R, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 2-A-5, Class 2-A-6, Class 2-A-7, Class 3-A-1, Class 3-A-2, Class 3-A-3, Class 3-A-4, Class 3-A-5, Class 3-A-6 and Class 3-A-7 Certificates.

  • Certificate No 2-A-6-[__] Cut-off Date: October 1, 2002 First Distribution Date: November 25, 2002 Last Scheduled Distribution Date: December 25, 2032 Pass-Through Rate: 6.000% Initial Certificate Principal Balance of this Certificate $[______] ("Denomination"): Initial Certificate Principal Balances of all Certificates $7,600,000 of this Class: CUSIP: 55265K MK 2 MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. MASTR ASSET SECURITIZATION TRUST 2002-7 Mortgage Pass-Through Certificates, Series 2002-7 Class 2-A-6 evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class with respect to a Trust Fund consisting primarily of three pools of conventional mortgage loans (the "Mortgage Loans") secured by first liens on one- to four-family residential properties Mortgage Asset Securitization Transactions, Inc., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance at any time may be less than the Certificate Principal Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that _______________ is the registered owner of the Percentage Interest evidenced by this Certificate in certain monthly distributions with respect to a Trust Fund consisting primarily of the Mortgage Loans deposited by Mortgage Asset Securitization Transactions, Inc. (the "Depositor"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among the Depositor, UBS Warburg Real Estate Securities Inc., as transferor (the "Transferor"), Wells Fargo Bank Minnesota, N.A., as master servicer (the "Servicer"), xxx Xachovia Bank, National Association, as trustee (the "Trustee"). Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 2 pursuant to the terms of the Agreement. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

  • REMIC Certificate Maturity Date Solely for purposes of satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the "latest possible maturity date" of the regular interests in the Upper-Tier REMIC, Middle-Tier REMIC and Lower-Tier REMIC is October 25, 2035.

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