Examples of Corresponding Certificate in a sentence
Each of the Upper-Tier REMIC Group II Regular Interests shall have a principal balance equal to the principal balance of the Corresponding Certificate and shall have an interest rate equal to the Pass-Through Rate on the Corresponding Certificate, subject to a cap equal to the Group II Net Rate.
With respect to each Class of Class A-M Regular Interests, the Holder of the Corresponding Certificate Class.
The following table irrevocably sets forth the designation, the initial Uncertificated Principal Balance, the Uncertificated Middle REMIC Pass-Through Rate and the Corresponding Certificate Class for each Middle REMIC Regular Interest.
For purposes of clauses (a) and (b) in the immediately preceding sentence, the principal balances of the Corresponding Certificate Classes will be adjusted as if any excess of LIBOR plus the related Pass-Through Margin subject to a cap equal to the REMIC Cap over the Net Rate Cap for such Class of Certificates and any Distribution Date, to the extent attributable to Net Deferred Interest, were treated as deferred interest that is added to the principal balances of such Certificates.
For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC IB Regular Interests for any Distribution Date: The aggregate amount of any Net Interest Shortfalls incurred in respect of the Group I-IV Mortgage Loans for any Distribution Date shall be allocated to Uncertificated Accrued Interest each REMIC IB Regular Interest in the same manner and priority as such amounts are allocated to the Corresponding Certificate.