Examples of Accrual Certificates in a sentence
The Accrual Certificates will not receive interest payments initially; rather, interest accrued on such Accrual Certificates during each Accrual Period will constitute an accrual amount, which will be added to their Class Principal Amounts and distributed instead as principal to the related Accretion Directed Certificates on the related Distribution Date, until the Class Principal Amounts of the related Accretion Directed Certificates receiving such accrual amounts have been reduced to zero.
Except as provided below in the case of the Accrual Certificates, interest on each Class of interest-bearing Trust Fund Certificates for the related Interest Accrual Period at the applicable Certificate Interest Rate shall be distributed on each applicable Distribution Date.
Except as provided below in the case of the Accrual Certificates, interest on each Class of interest-bearing Trust Fund Certificates for the related Interest Accrual Period at the applicable Certificate Interest Rate shall be distributed on each Distribution Date.
The AccrualCertificates will not receive interest payments initially; rather, interest accrued on such Accrual Certificates during each Accrual Period will constitute an accrual amount, which will be added to its Class Principal Amount and distributed instead as principal to the Accretion Directed Certificates on the related Distribution Date, until the Class Principal Amount of the Accretion Directed Certificates receiving such accrual amounts has been reduced to zero.
As soon as practicable following the eleventh calendar day of each month, Xxxxxx Xxx will make available the Certificate Principal Factor (carried to eight decimal places) for each Class of Certificates after giving effect to the distribution of the Principal Distribution Amount on the following Distribution Date and any addition to the Class Certificate Principal Balances of the Accrual Certificates on such Distribution Date.