Capped Class definition

Capped Class. For each Distribution Date in or before August 2008, each Class of Class A Cap Certificates whose Fixed Interest Rate is greater than the Weighted Average Pass-Through Rate for such Distribution Date.
Sample 1
Capped Class. For each Distribution Date in or before February 2008, each Class of Auction Certificates whose Fixed Interest Rate is greater than the Weighted Average Pass-Through Rate for such Distribution Date, and the Corresponding Class of REMIC II Regular Interests for such Class of Certificates. Certificate: Any one of the Certificates issued pursuant to this Agreement, executed by the Trustee and authenticated by or on behalf of the Trustee hereunder in substantially one of the forms set forth in Exhibit A and B hereto. The additional matter appearing in Exhibit H shall be deemed incorporated into Exhibit A as though set forth at the end of such Exhibit.
Sample 1

Examples of Capped Class in a sentence

  • Notwithstanding the immediately preceding sentence, on each Distribution Date in or before November 2007, the Trustee (or any duly appointed paying agent) shall, from the amount otherwise distributable to the Holder of the Variable Servicing Interest on such Distribution Date pursuant to the immediately preceding sentence, distribute, to the extent thereof, to the Holders of each Class of Auction Certificates that is a Capped Class, the Cap Coverage Amount for such Class.

  • Notwithstanding the immediately preceding sentence, on each Distribution Date in or before April 2007, the Trustee (or any duly appointed paying agent) shall, from the amount otherwise distributable to the Class X-M Regular Interest on such Distribution Date pursuant to the immediately preceding sentence, distribute, to the extent thereof, to the Holders of each Class of Class A Certificates that is a Capped Class, the Cap Coverage Amount for such Class.

  • Notwithstanding the immediately preceding sentence, on each Distribution Date in or before August 2008, the Trustee (or any duly appointed paying agent) shall, from the amount otherwise distributable to the Class X-2-M Regular Interest on such Distribution Date pursuant to the immediately preceding sentence, distribute, to the extent thereof, to the Holders of each Class of Class A Cap Certificates that is a Capped Class, the Cap Coverage Amount for such Class.

Related to Capped Class

  • Affected Class has the meaning specified in Section 2.24(a).

  • Restricted Classes As defined in Section 4.02(e).

  • Scheduled Classes As specified in the Preliminary Statement.

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.

  • Protected class means a group of persons distinguished, or perceived to be distinguished, by race, color, religion, sex, sexual orientation, national origin, marital status, familial status, source of income or disability.

  • Backward Classes means any socially and educationally Backward Classes of citizens recognized by the Government for purpose of clause (4) of article 15 of the Constitution of India;

  • Required Class Lenders means, with respect to any Class on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Class and (ii) the aggregate unused Commitments under such Facility.

  • Reallocated Class B Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsection 4.12(a) in an amount not to exceed the product of (a) the Class B Investor Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Class B Investor Interest after giving effect to any Class B Investor Charge-Offs for such Transfer Date.

  • Unimpaired Class means an unimpaired Class within the meaning of section 1124 of the Bankruptcy Code.

  • Impaired Class means an impaired Class within the meaning of section 1124 of the Bankruptcy Code.

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

  • principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;

  • Subclass With respect to the Class A-V Certificates, any Subclass thereof issued pursuant to Section 5.01(c). Any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to Section 5.01(c).

  • Accrued Class C Note Interest means, with respect to any Payment Date, the sum of the Class C Noteholders’ Monthly Accrued Interest for such Payment Date and the Class C Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Settlement Classes means the Ontario Settlement Class and the Quebec Settlement Class.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • Accrued Class D Note Interest means, with respect to any Payment Date, the sum of the Class D Noteholders’ Monthly Accrued Interest for such Payment Date and the Class D Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Accrued Class A Note Interest means, with respect to any Payment Date, the sum of the Class A Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Accrued Class B Note Interest means, with respect to any Payment Date, the sum of the Class B Noteholders’ Monthly Accrued Interest for such Payment Date and the Class B Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Original Class B-5 Percentage The Class B-5 Percentage as of the Cut-Off Date, as set forth in Section 11.12.

  • Original Class B-4 Percentage The Class B-4 Percentage as of the Cut-Off Date, as set forth in Section 11.11.

  • Initial Class A-2 Note Balance means $235,000,000.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Erroneous Payment Impacted Class has the meaning assigned to it in Section 11.15(d).

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • New Class Loans shall have the meaning assigned to such term in Section 9.08(f).