Examples of Class X Certificates in a sentence
The Trust Fund will also issue the Class X Certificates, as designated below, which will not represent a Regular Interest in any REMIC created hereunder.
The Class X Certificates accrue interest on a Notional Balance equal to the Aggregate Lower Tier Principal Balance.
In addition, the rights of the holders of the Mezzanine Certificates with lower payment priorities will be junior to the rights of holders of the Mezzanine Certificates with higher payment priorities, and the rights of the holders of the Mezzanine Certificates to receive distributions in respect of the Mortgage Loans will be senior to the rights of the holders of the Class X Certificates to the extent described in this prospectus supplement.
Notwithstanding the right of the Class X Certificates to receive payments from the REMIC II Available Distribution Amount on the Class X-L Regular Interest, the amount of such payments may be reduced as specified in the second sentence of Section 4.04(a).
Article 129 refers to the people’s procuratorates as “state organs for legal supervision.” The Supreme People's Procuratorate, accountable to the NPC and its Standing Committee, is the highest prosecutorial agency in China exercising and supervising prosecutorial authority at all state and local levels.Procuratorates examine cases scheduled for investigation by public security agencies to decide whether a suspect should be arrested or not, and whether a case should be prosecuted or not.