B-2 Certificates definition

B-2 Certificates. The Certificates designated as “Class 3-B-2” on the face thereof in substantially the form attached hereto as Exhibit A.
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B-2 Certificates. The Certificates designated as “Class 3-B-2” on the face thereof in substantially the form attached hereto as Exhibit A. Class 3-B-2-M Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein.
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B-2 Certificates. All Certificates bearing the class designation of "Class B-2".
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Examples of B-2 Certificates in a sentence

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and the interest portion of certain Realized Losses allocated to the Class B-2 Certificates, as described in the Agreement.

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and any Relief Act Shortfall allocated to the Class B-2 Certificates, as described in the Agreement.

  • The pass-through rate on the Class B-2 Certificates applicable to each Distribution Date will be 6.500% per annum.

  • The pass-through rate on the Class B-2 Certificates applicable to each Distribution Date will be 6.750% per annum.

  • The pass-through rate on the Class B-2 Certificates applicable to each Distribution Date will be 6.250% per annum.

  • The Servicer shall prepare and furnish to the Trustee the statements specified below relating to the Class A Certificates, Class M-1 Certificates, Class B-1 Certificates and Class B-2 Certificates on or before the third Business Day next preceding each Remittance Date.

  • The pass-through rate on the Class B-2 Certificates applicable to each Distribution Date will be 6.000% per annum.

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and Relief Act Shortfall allocated to the Class B-2 Certificates, as described in the Agreement.

  • The Class B-2 Certificates will be subordinate in right of payment to and provide credit support to certain Classes of Certificates, as described in the Pooling Agreement.

  • The pass-through rate on the Class B-2 Certificates applicable to each Distribution Date will be a per annum rate equal to the weighted average of the Net Mortgage Interest Rates of the Mortgage Loans (based on the Scheduled Principal Balances of the Mortgage Loans on the first day of the month preceding the month of such Distribution Date).


More Definitions of B-2 Certificates

B-2 Certificates. The Certificates designated as "Class D-B- 2" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-2-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-3 Certificates: The Certificates designated as "Class D-B- 3" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-3-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-4 Certificates: The Certificates designated as "Class D-B- 4" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-4-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-5 Certificates: The Certificates designated as "Class D-B- 5" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-5-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-6 Certificates: The Certificates designated as "Class D-B- 6" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-6-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-Y Regular Interests: The Class D-Y-1 and Class D-Y-2 Regular Interests. Class D-Y-1 Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein. Class D-Y-1 Principal Distribution Amount: For any Distribution
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B-2 Certificates means the certificates identified as such on the Residuals Schedule under the captions "Junior P&I Regular Interests - Manufactured Housing" and all other interests (whether certificated or uncertificated) of a substantially similar nature owned by a Seller.
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Related to B-2 Certificates

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class A-2 Certificates All Certificates bearing the class designation of "Class A-2".

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class A-1 Certificates All Certificates bearing the class designation of "Class A-1".

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Class B-2 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-2 and Exhibit C hereto. Class B-2 Certificateholder: The registered holder of a Class B-2 Certificate.

  • Class B-3 Certificates All Certificates bearing the class designation of "Class B-3".

  • Class B-4 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • Class B-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Class A-3 Certificates All Certificates bearing the class designation of "Class A-3".

  • Group 2 Certificate Any Class A-2 Certificate.

  • Class A-2 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-2 hereto.

  • Class M Certificates Any of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5 and Class M-6 Certificates.

  • Class I-A-1 Certificate Any Certificate designated as a "Class I-A-1 Certificate" on the face thereof, in the form of Exhibit A-1 hereto, representing the right to the Percentage Interest of distributions provided for the Class I-A-1 Certificates as set forth herein and evidencing a Regular Interest in REMIC II.

  • Class M-1 Certificates All Certificates bearing the class designation of "Class M-1".

  • Class A-4 Certificates All Certificates bearing the class designation of "Class A-4".

  • Class B-3 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-3 and Exhibit C hereto. Class B-3 Certificateholder: The registered holder of a Class B-3 Certificate.

  • Class M-2 Certificates All Certificates bearing the class designation of "Class M-2".

  • Class M-4 Certificates All Certificates bearing the class designation of "Class M-4".

  • Class A-1 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-1 hereto.