Last Scheduled Distribution Date definition

Last Scheduled Distribution Date. The Distribution Date in the month immediately following the month of the latest scheduled maturity date for any of the Mortgage Loans.
Last Scheduled Distribution Date. With respect to any Class of Certificates, the Final Maturity Date for such Class.
Last Scheduled Distribution Date. Solely for purposes of the face of the Certificates, the Distribution Date in October 2036.

Examples of Last Scheduled Distribution Date in a sentence

  • The Last Scheduled Distribution Date is the Distribution Date in the month following the latest scheduled maturity date of any Mortgage Loan.

  • In no event, however, will the Trust Fund created by the Agreement continue beyond the earlier of (i) the expiration of 21 years after the death of certain persons identified in the Agreement and (ii) the Last Scheduled Distribution Date.

  • Certificate No. : Cut-off Date : February 1, 2007 First Distribution Date : March 26, 2007 Percentage Interest : 100% Last Scheduled Distribution Date : evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class with respect to a Trust Fund consisting primarily of a pool of adjustable and fixed rate mortgage loans (the “Mortgage Loans”) secured by first liens on one- to four-family residential properties.

  • The Last Scheduled Distribution Date is the Distribution Date in the month following the latest scheduled maturity date of any Mortgage Loan and is not likely to be the date on which the Certificate Principal Balance of this Class of Certificates will be reduced to zero.

  • The following table irrevocably sets forth the designations, the Remittance Rate, initial Class Principal Balance and Last Scheduled Distribution Date for each Class of Certificates which, together with the Class R-3 Component, constitute the entire beneficial interests in REMIC III.


More Definitions of Last Scheduled Distribution Date

Last Scheduled Distribution Date. The Distribution Date in February 2037.
Last Scheduled Distribution Date. Solely for purposes of the face of the Certificates as follows: with respect to the Certificates, other than the Class I-A-1 Certificates and Class I-A-2 Certificates, the Distribution Date in October 2035; with respect to the Class I-A-1 Certificates and Class I-A-2 Certificates, the Distribution Date in January 2029 and September 2033, respectively.
Last Scheduled Distribution Date. With respect to any Class of Certificates, the Final Maturity Date for such Class; provided, however, that with respect to the Group II Certificates, the "Last Scheduled Distribution Date" shall be the Distribution Date in August 2017.
Last Scheduled Distribution Date. The Distribution Date occurring in July 2037, which is the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date.
Last Scheduled Distribution Date. Class A-1 Principal Balance as of the Cut-Off Date: $ [OID LEGEND] This certificate was issued on [October ___, 1999] with original issued discount ("OID") of $________ per $1,000 of original certificate [notional] principal balance, an initial class coupon rate of __% per annum, an annualized monthly compounded yield to maturity of __%, an adjusted issue price as a percentage of original certificate [notional] principal balance of __% and OID allocable to the initial short accrual period of $________ per $1,000 of original certificate [notional] principal balance. The prepayment assumption used by the issuer in pricing this certificate is __% [PSA, CPR]. The yield to maturity was based upon fractional monthly compounding taking into account the initial short accrual period. ▇▇▇▇▇▇▇ ▇-▇ CUSIP ------- MORTGAGE PASS-THROUGH CERTIFICATE Class A-2 Evidencing a Percentage Interest in certain distributions with respect to a pool of conventional one- to four-family mortgage loans formed and administered by ABN AMRO MORTGAGE CORPORATION This Certificate represents ownership of a "regular interest" in a "real estate mortgage investment conduit," as those terms are defined in Sections 860G and 860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue date (the "Issue Date") of this Certificate is October [___], 1999. The rate at which interest is payable as of the Issue Date with respect to this Certificate is 6.50% per annum. [Unless this Certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its agent for registration of transfer, exchange, or payment, and any Certificate issued is registered in the name of Cede & Co. or such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.] Series 1999-7 Portion of the Class A-2 Principal Balance as of the Cut-Off Date evidenced by this Certificate: $ Class A-2 Remittance Rate: 6.50% Cut-Off Date: October 1, 1999 First Distribution Date:
Last Scheduled Distribution Date. With respect to the Certificates (other than the Class A-IO Certificates), the Distribution Date in October 2034 and with respect to the Class A-IO Certificates, the Distribution Date in November 2006.
Last Scheduled Distribution Date. With respect to each Class of Certificates, the Distribution Date in June 2035.