B Certificates definition

B Certificates. The Class 1-B-1, Class 1-B-2, Class 1-B-3, Class 1-B-4, Class 1-B-5 and Class 1-B-6 Certificates.
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Examples of B Certificates in a sentence

  • The aggregate interest represented by the Class B Certificates at any time in the Principal Receivables in the Trust shall not exceed an amount equal to the Class B Invested Amount at such time.

  • As provided in the Agreement and subject to certain limitations therein set forth, Class B Certificates are exchangeable for new Class B Certificates evidencing like aggregate fractional undivided interests as requested by the Class B Certificateholder surrendering such Class B Certificates.

  • It is the intent of the parties to this Agreement that the services of the Loss Mitigation Advisor are provided without fee to the Servicer for the benefit of the Purchaser for the life of the Class B Certificates.

  • The Class B Certificates evidence in the aggregate the Class B Percentage of distributions relating to repayments of principal and interest on the Mortgage Loans.

  • The aggregate principal portion evidenced by the Class A and Class B Certificates shall be the sum of the amounts specifically set forth in the respective Certificates.

  • The Class B Certificates evidence in the aggregate the Class B Percentage of distributions relating to repayments of principal and interest on such Mortgage Loans.

  • The Holder of this Certificate is entitled to the benefits of the subordination of the Class B Certificates and the Collateral Interest to the extent provided in the Supplement.

  • The Class A Certificates and the Class B Certificates are collectively referred to herein as the Investor Certificates.

  • The Class A Certificates (other than the Class A-R Certificate), the Class M Certificates and the Class B Certificates will constitute "regular interests" in the REMIC.

  • The Class B Certificates are issuable only in minimum denominations of $100,000 and integral multiples of $1,000.

Related to B Certificates

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • 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 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.

  • Group 2 Certificates As specified in the Preliminary Statement.