Common use of Classes of Certificates Clause in Contracts

Classes of Certificates. The Certificates authorized by this Trust Agreement shall be divided into two Classes of Certificates having the terms and provisions hereinafter set forth. The Class designations, original Class Certificate Principal Balances, Certificate Interest Rates and Final Distribution Dates shall be as follows: Original Class Certificate Certificate Interest Final Distribution Class A $300,000,000 7.5% January 2027 Class B (1) (1) N/A (1) This Class is a Call Class and will not receive distributions of principal or interest. The Class Notional Principal Balance of the Class B Certificate will be equal at any time to the product of the original Class Notional Principal Balance thereof and the Certificate Principal Factor for the Class A Certificates. The initial Class Notional Principal Balance of the Class B Certificate will be $300,000,000.

Appears in 1 contract

Sources: Trust Agreement

Classes of Certificates. The Certificates authorized by this Trust Agreement shall be divided into two Classes of Certificates having the terms and provisions hereinafter set forth. The Class designations, original Class Certificate Principal Balances, Certificate Interest Rates and Final Distribution Dates shall be as follows: Original Class Certificate Certificate Interest Final Distribution Class A $300,000,000 7.5200,000,000 6.5% January 2027 February 2029 Class B (1) (1) N/A (1) This Class is a Call Redemption Class and will not receive distributions of principal or interest. The Class Notional Principal Balance of the Class B Certificate will be equal at any time to the product of the original Class Notional Principal Balance thereof and the Certificate Principal Factor for the Class A Certificates. The initial Class Notional Principal Balance of the Class B Certificate will be $300,000,000200,000,000.

Appears in 1 contract

Sources: Trust Agreement

Classes of Certificates. The Certificates authorized by this Trust Agreement shall be divided into two Classes of Certificates having the terms and provisions hereinafter set forth. The Class designations, original Class Certificate Principal Balances, Certificate Interest Rates and Final Distribution Dates shall be as follows: Original Class Certificate Certificate Interest Final Distribution Class A $300,000,000 7.5200,000,000 7.50% January 2027 November 2026 Class B (1) (1) N/A (1) This Class is a Call Class and will not receive distributions of principal or interest. The Class Notional Principal Balance of the Class B Certificate will be equal at any time to the product of the original Class Notional Principal Balance thereof and the Certificate Principal Factor for the Class A Certificates. The initial Class Notional Principal Balance of the Class B Certificate will be $300,000,000200,000,000.

Appears in 1 contract

Sources: Trust Agreement