Standard Templates
Public Contracts
Resources
About
Pricing
  • Home
  • Clauses
  • Principal Only Certificates
  • Snippet group

Common use of Principal Only Certificates Clause in Contracts

Principal Only Certificates. A Class of Certificates not entitled to payments of interest, and more specifically designated as such in the Series Supplement.

Appears in 20 contracts

Sources: Pooling and Servicing Agreement (Phoenix Residential Securities, LLC), Master Servicing Agreement (Phoenix Residential Securities, LLC), Pooling and Servicing Agreement (Residential Accredit Loans Inc)

Related Clauses

  • Monthly Certificates
  • The Trust Certificates
  • Solvency Certificates
  • Class PO Certificates
  • Incumbency Certificates

Parent Clauses

  • Non-Petition
  • MISCELLANEOUS PROVISIONS
  • Servicer to Service Mortgage Loans
  • Section 7
  • Events of Default

Sub-Clauses

  • Assessments of Servicing Compliance; Registered Public Accounting Firm Attestation Reports
  • Permitted Withdrawals from the Servicer Custodial Account and Certificate Account
  • Maintenance of Primary Insurance Policy; Claims; Collections of BPP Mortgage Loan Payments
  • Remedies of Trustee
  • Assignment or Delegation of Duties by the Servicer
Law Insider

Tools to Draft Better Contracts

  • About Us
  • Plans & Pricing
  • Email Sales
  • Support

Contract Standards

  • Standards Hub
  • oneNDA Template
  • oneSaaS Template
  • oneDPA Template

Law Insider Community

  • Join Community

Public Contracts

  • Search
  • Contracts
  • Clauses
  • Dictionary
  • Languages
All contents of the lawinsider.com excluding publicly sourced documents are Copyright © 2013-2025 Law Insider Inc. All rights reserved. Terms of Service • Privacy Policy
Help Ukraine 🇺🇦