Interest Only Certificate definition

Interest Only Certificate. Any Class X Certificate.
Interest Only Certificate. Any Class 1A-3, Class 3A-2, Class 7A-2, Class 1A-X or Class 2A-X Certificate.
Interest Only Certificate. Any Class 4A-2 or Class A-X Certificate.

Examples of Interest Only Certificate in a sentence

  • The total amount of interest distributed on or added to the Certificate Principal Balance of any Trust Fund Certificate on any Distribution Date shall be equal to one month’s interest at the applicable Certificate Interest Rate on the Certificate Principal Balance (or, in the case of an Interest Only Certificate, on the Notional Principal Balance) of such Certificate immediately prior to such Distribution Date.

  • Any given year could see non-systematic changes in bureau coverage across collateral types based on who else joins, and these coverage changes affect the precision of the bureau average.

  • The total amount of interest distributed on any Trust Fund Certificate on any Distribution Date shall be equal to one month’s interest at the applicable Certificate Interest Rate on the Certificate Principal Balance (or, in the case of an Interest Only Certificate, on the Notional Principal Balance) of such Certificate immediately prior to such Distribution Date.

  • Interest accrued on any Certificate of a Series during any Interest Accrual Period shall be distributable on the following Distribution Date for such Series at the Certificate Interest Rate applicable to such Certificate applied to the Certificate Principal Balance or, in the case of an Interest Only Certificate, the Notional Principal Balance thereof.

  • This Certificate is an Interest Only Certificate and does not have a principal balance.


More Definitions of Interest Only Certificate

Interest Only Certificate. Any Class A-IO Certificate.
Interest Only Certificate. Any of the Class 2-A5, Class IO-1 or Class IO-2 Certificates.
Interest Only Certificate means a subordinated interest-only certificate or similar interest issued to the Company in connection with an Eligible Securitization Transaction.
Interest Only Certificate. Any Certificate evidencing all or part of an Interest Only Class.
Interest Only Certificate. As defined in the Preliminary Statement. Interests: Each class of REMIC Interests.
Interest Only Certificate means any of the Class X-1 and/or Class X-2 Certificates.
Interest Only Certificate. Any Class 2X Certificate.