Senior Certificate Group Sample Clauses

The 'Senior Certificate Group' clause defines a specific category or group of individuals, typically those who have achieved a senior-level certification or qualification. In practice, this clause may outline the criteria for inclusion in the group, such as years of experience, completion of certain exams, or holding a particular professional designation. Its core function is to clearly identify and distinguish members of this group for the purposes of eligibility, benefits, or responsibilities within the agreement, ensuring clarity and proper allocation of rights or obligations.
Senior Certificate Group. The Loan Group 1 Senior Certificates or the Loan Group 2 Senior Certificates, as applicable.
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Senior Certificate Group. Group 1 Senior Certificates, Group 2 Senior Certificates and Group 3 Senior Certificates, as applicable.
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Senior Certificate Group. The Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates, the Group 4 Senior Certificates, the Group 5 Senior Certificates, the Group 6 Senior Certificates, or the Group 7 Senior Certificates, as applicable.
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Senior Certificate Group. The Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates or the Group 4 Senior Certificates, as applicable. Subordinated Certificates.............. Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates. Targeted Principal Classes............. None.
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Senior Certificate Group. The Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates, the Group 4 Senior Certificates or the Group 5 Senior Certificates, as applicable. Senior LIBOR Certificates................................ Class 5-A-1 and Class 5-A-2 Certificates. Subordinated Certificates................................ Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates and the Class A-X-2 Component. Subordinated LIBOR Certificates.......................... Class B-1 and Class B-2 Certificates. Targeted Principal Classes............................... None.
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Senior Certificate Group. The Group 1 Senior Certificates and the Group 2 Senior Certificates, as applicable. Senior Certificates..................The Group 1 Senior Certificates and Group 2 Senior Certificates. Subordinated Certificates............Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class B-1, Class B- 2, Class B-3, Class B-4 and Class B-5 Certificates.
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Senior Certificate Group. .. The Loan Group 1 Senior Certificates or the Loan Group 2 Senior Certificates. With respect to any of the foregoing designations as to which the corresponding reference is "None," all defined terms and provisions herein relating solely to such designations shall be of no force or effect, and any calculations herein incorporating references to such designations shall be interpreted without reference to such designations and amounts. Defined terms and provisions herein relating to statistical rating agencies not designated above as Rating Agencies shall be of no force or effect.
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Related to Senior Certificate Group

  • Senior Certificates The Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-X-1, Class 1-X-2, Class 1-X-3 and Class A-R Certificates.

  • LIBOR Certificates Notional Amount Certificates........... None. Notional Amount Components............. None. Offered Certificates................... All Classes of Certificates other than the Private Certificates. Physical Certificates.................. Class A-R Certificates and the Private Certificates. Planned Principal Classes.............. None.

  • Trust Administrator Not Liable for Certificates or Mortgage Loans The recitals contained herein shall be taken as the statements of the Depositor or the Master Servicer or a Servicer, as the case may be, and the Trust Administrator assumes no responsibility for their correctness. The Trust Administrator makes no representations as to the validity or sufficiency of this Agreement, the Certificates or of any Mortgage Loan or related document. The Trust Administrator shall not be accountable for the use or application by the Depositor, the Sellers, the Master Servicer or the Servicers of any funds paid to the Depositor or the Master Servicer or any Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Account by the Depositor, the Sellers or the Master Servicer or the Servicers. The Trust Administrator shall not be responsible for the legality or validity of this Agreement or the validity, priority, perfection or sufficiency of the security for the Certificates issued or intended to be issued hereunder. The Trust Administrator shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection for any security interest or lien granted to it hereunder or to record this Agreement.

  • Subordinate Certificate Loss Coverage; Limited Guaranty Subject to subsection (c) below, prior to the later of the third Business Day prior to each Distribution Date or the related Determination Date, the Master Servicer shall determine whether it or any Sub-Servicer will be entitled to any reimbursement pursuant to Section 4.02(a) on such Distribution Date for Advances or Sub-Servicer Advances previously made, (which will not be Advances or Sub-Servicer Advances that were made with respect to delinquencies which were subsequently determined to be Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses) and, if so, the Master Servicer shall demand payment from Residential Funding of an amount equal to the amount of any Advances or Sub-Servicer Advances reimbursed pursuant to Section 4.02(a), to the extent such Advances or Sub-Servicer Advances have not been included in the amount of the Realized Loss in the related Mortgage Loan, and shall distribute the same to the Class B Certificateholders in the same manner as if such amount were to be distributed pursuant to Section 4.02(a).

  • Class PO Certificates Private Certificates..................................... Class P, Class B-4, Class B-5 and Class B-6 Certificates. Rating Agencies.......................................... Fitch and S&P. Regular Certificates..................................... All Classes of Certificates other than the Class A-R Certificates. Residual Certificate..................................... Class A-R Certificates.