Class M-4 Notes definition
Examples of Class M-4 Notes in a sentence
All payments made by the Issuer with respect to this Note shall be equal to this Note's PRO RATA share of the aggregate payments on all Class M-4 Notes as described above, and shall be applied as between interest and principal as provided in the Indenture.
All payments made by the Issuer with respect to this Note shall be equal to this Note’s pro rata share of the aggregate payments on all Class M-4 Notes as described above, and shall be applied as between interest and principal as provided in the Indenture.
The Notes shall be issued in Classes, [the Class A-1A Notes, Class A-1B Notes, Class A-2A Notes, Class A-2B Notes, Class A-2C Notes, Class M-1 Notes, Class M-2 Notes, Class M-3 Notes, Class M-4 Notes, Class M-5 Notes and Class M-6 Notes.
The Class M-2 Notes, Class M-3 Notes, Class M-4 Notes, Class M-5 Notes, Class M-6 Notes, Class M-7 Notes, Class M-8 Notes and Class M-9 Notes shall be issuable in the minimum initial Note Balances of $250,000 and in integral multiples of $1 in excess thereof.
The Notes shall be issued in thirteen Classes, the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class M-1 Notes, Class M-2 Notes, Class M-3 Notes, Class M-4 Notes, Class M-5 Notes, Class M-6 Notes, Class M-7 Notes, Class M-8 Notes and Class M-9 Notes.
All payments made by the Issuer with respect to this Note shall be equal to this Note's pro rata share of the aggregate payments on all Class M-4 Notes as described above, and shall be applied as between interest and principal as provided in the Indenture.
The Class A1, Class A2, Class M1, Class M2, Class M3 and Class M4 Notes will be issued in minimum principal amount denominations of $25,000 and integral multiples of $1 in excess thereof.
The prospectus supplement dated November 10, 2003, together with the accompanying prospectus dated August 26, 2003, relating to the Class A1, Class A2, Class A-IO, Class M1, Class M2, Class M3 and Class M4 Notes.
Dated: December __ 2003 NEW CENTURY HOME EQUITY LOAN TRUST 2003-6 BY: WILMINGTON TRUST COMPANY, not in its individual capacity but solely in its capacity as Owner Trustee By:_______________________________________ Authorized Signatory INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION This is one of the Class M-4 Notes referred to in the within-mentioned Indenture.
Following the reduction of the Overcollateralization Amount to zero, all allocable Realized Losses will be allocated in reverse sequential order, first to the Class M-10 Notes, second to the Class M-9 Notes, third to the Class M-8 Notes, fourth to the Class M-7 Notes, fifth to the Class M-6 Notes, sixth to the Class M-5 Notes, seventh to the Class M-4 Notes, eighth to the Class M-3 Notes, ninth to the Class M-2 Notes and tenth to the Class M-1 Notes, in that order for so long as such Notes are outstanding.