Common use of Terms of Certificates Clause in Contracts

Terms of Certificates. (a) On the Closing Date the --------------------- Owner Trustee shall issue loan certificates in two series in an aggregate original principal amount of $31,692,164.38: one series shall be designated "Series A Loan Certificates", shall be in an aggregate original principal amount of $19,683,472.13 and shall be issued to the Loan Participants designated as receiving same pursuant to section 1.1 (a) (ii) of the special participation agreement (or their nominees) in such amounts as shall be set forth in said section 1.1 (a) (ii); and a second series shall be designated "series b loan certificates", shall be in an aggregate original principal amount of $12,008,692.25 and shall be issued to the Loan Participants designated as receiving same pursuant to Section 1.1(a) (ii) of the Special Participation Agreement (or their nominees) in such amounts as shall be set forth in said Section 1.1(a) (ii). (b) The principal of the Certificates shall be due and payable on each Payment Date as follows: (1) with respect to the Series A Certificates in sixty-four (64) consecutive installments as provided in Annex I; and (2) With respect to the Series B Certificates in sixty-four (64) consecutive installments as provided in Annex ii. (c) Each Certificate shall bear interest on the unpaid principal amount thereof from time to time outstanding from and including the date thereof until such principal amount is paid in full. Such interest on each Certificate shall accrue at the Interest Rate and shall be payable in arrears on each Interest Payment Date and on the date such Certificate is paid in full. Interest hereunder and under the Certificates shall be calculated on the basis of a year of 360 days and actual days elapsed. If any sum payable under the Certificates or under this Indenture falls due on a day which is not a Business Day, then such sum shall be payable on the next succeeding Business Day, without (so long as payment is made on such succeeding Business Day) additional interest as a result of such extension. Each Certificate shall bear interest at the applicable Past Due Rate on any principal thereof and interest and other amounts due TRUST INDENTURE thereunder and hereunder not paid when due (whether at stated maturity, by acceleration or otherwise) for any period during which the same shall be overdue, payable on demand by the respective Certificate Holder given through the Indenture Trustee. (d) The Certificates shall be executed on behalf of the Owner Trustee by one of its authorized officers. Certificates bearing the signatures of individuals who were at any time the proper officers of the Owner Trustee shall bind the Owner Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificates or did not hold such offices at the respective dates of such Certificates. No Certificates shall be issued hereunder except those provided for in Section 2.02(a) and any Certificates issued in exchange or replacement therefor pursuant to the terms of this Indenture. Each Certificate issued under this Section 2.02 shall be dated the Closing Date. No Certificate shall be secured by or entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such Certificate a certificate of authentication in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized officers and such certificate upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder.

Terms of Certificates. (a) On the Closing Date the --------------------- Owner Trustee shall issue loan certificates in two series in an aggregate original principal amount of $31,692,164.38: one series shall be designated "Series A Loan Certificates", shall be in an aggregate original principal amount of $19,683,472.13 and shall be issued to the Loan Participants designated as receiving same pursuant to section Section 1.1 (a) (ii) of the special participation agreement (or their nominees) in such amounts as shall be set forth in said section Section 1.1 (a) (ii); and a second series shall be designated "series b loan certificatesSeries B Loan Certificates", shall be in an aggregate original principal amount of $12,008,692.25 and shall be issued to the Loan Participants loan participants designated as receiving same pursuant to Section 1.1(a) (ii) of the Special Participation Agreement (or their nominees) in such amounts as shall be set forth in said Section 1.1(a) (ii). (b) The principal of the Certificates shall be due and payable on each Payment Date as follows: (1) with respect to the Series A Certificates in sixty-four (64) consecutive installments as provided in Annex I; and (2) With respect to the Series B Certificates in sixty-four (64) consecutive installments as provided in Annex ii. (c) Each Certificate shall bear interest on the unpaid principal amount thereof from time to time outstanding from and including the date thereof until such principal amount is paid in full. Such interest on each Certificate shall accrue at the Interest Rate and shall be payable in arrears on each Interest Payment Date and on the date such Certificate is paid in full. Interest hereunder and under the Certificates shall be calculated on the basis of a year of 360 days and actual days elapsed. If any sum payable under the Certificates or under this Indenture falls due on a day which is not a Business Day, then such sum shall be payable on the next succeeding Business Day, without (so long as payment is made on such succeeding Business Day) additional interest as a result of such extension. Each Certificate shall bear interest at the applicable Past Due Rate past due rate on any principal thereof and interest and other amounts due TRUST INDENTURE thereunder and hereunder not paid when due (whether at stated maturity, by acceleration or otherwise) for any period during which the same shall be overdue, payable on demand by the respective Certificate Holder given through the Indenture Trustee. (d) The Certificates shall be executed on behalf of the Owner Trustee by one of its authorized officers. Certificates bearing the signatures of individuals who were at any time the proper officers of the Owner Trustee shall bind the Owner Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificates or did not hold such offices at the respective dates of such Certificates. No Certificates shall be issued hereunder except those provided for in Section 2.02(a) and any Certificates issued in exchange or replacement therefor pursuant to the terms of this Indenture. Each Certificate issued under this Section 2.02 shall be dated the Closing Date. No Certificate shall be secured by or entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such Certificate a certificate of authentication in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized officers and such certificate upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder.

Terms of Certificates. (a) On the Closing Date the --------------------- Owner Trustee shall issue loan certificates in two series in an aggregate original principal amount of $31,692,164.38: one series shall be designated "Series A Loan Certificates", shall be in an aggregate original principal amount of $19,683,472.13 and shall be issued to the Loan Participants designated as receiving same pursuant to section 1.1 (aSection 1.1(a) (ii) of the special participation agreement Special Participation Agreement (or their nominees) in such amounts as shall be set forth in said section 1.1 (aSection 1.1(a) (ii); and a second series shall be designated "series b loan certificatesSeries B Loan Certificates", shall be in an aggregate original principal amount of $12,008,692.25 and shall be issued to the Loan Participants designated as receiving same pursuant to Section 1.1(a) (ii) of the Special Participation Agreement (or their nominees) in such amounts as shall be set forth in said Section 1.1(a) (ii). (b) The principal of the Certificates shall be due and payable on each Payment Date as follows: (1) with With respect to the Series A Certificates in sixty-four (64) consecutive installments as provided in Annex I; and (2) With respect to the Series B Certificates Certificate. in sixty-four (64) consecutive installments as provided in Annex iiII. (c) Each Certificate shall bear interest on the unpaid principal amount thereof from time to time outstanding from and including the date thereof until such principal amount is paid in full. Such interest on each Certificate shall accrue at the Interest Rate and shall be payable in arrears on each Interest Payment Date and on the date such Certificate is paid in full. Interest hereunder and under the Certificates shall be calculated on the basis of a year of 360 days and actual days elapsed. If any sum payable under the Certificates or under this Indenture falls due on a day which is not riot a Business Day, then such sum shall be payable on the next succeeding Business Day, without (so long as payment is made on such succeeding Business Day) additional interest as a result of such extension. Each Certificate shall bear interest at the applicable Past Due Rate on any principal thereof and interest and other amounts due TRUST INDENTURE thereunder and hereunder not paid when due (whether at stated maturity, by acceleration or otherwise) for any period during which the same shall be overdue, payable on demand by the respective Certificate Holder given through the Indenture Trustee. (d) The Certificates shall be executed on behalf of the Owner Trustee by one of its authorized officers. Certificates bearing the signatures of individuals who were at any time the proper officers of the Owner Trustee shall bind the Owner Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificates or did not hold such offices at the respective dates of such Certificates. No Certificates shall be issued hereunder except those provided for in Section 2.02(a2.02 (a) and any Certificates issued in exchange or replacement therefor pursuant to the terms of this Indenture. Each Certificate issued under this Section 2.02 shall be dated the Closing Date. No Certificate shall be secured by or entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such Certificate a certificate of authentication in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized officers and such certificate upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder.