Examples of Certificate Group II in a sentence
In the event that any such Class is resecuritized in a REMIC, the obligation under the Swap Agreement to pay any such Swap Termination Payment (or any shortfall in Net Swap Payment), will be made by one or more of the REMIC Regular Interests issued by the resecuritization REMIC subsequent to such REMIC Regular Interest receiving its full payment from any such Group I Senior Certificate, Subordinate Certificate, Group II Senior Certificate and Mezzanine Certificate.
Any allocation of Realized Losses to a Group I Senior Certificate, Group II Senior Certificate, Group III Senior Certificate or Class M Certificate, or Component, on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated as of such Distribution Date after all distributions on such Distribution Date have been made.
As a result of the foregoing, the amount of distributions and taxable income on the REMIC Regular Interest corresponding to a Group I Senior Certificate, Subordinate Certificate, Group II Senior Certificate and Mezzanine Certificate may exceed the actual amount of distributions on the Group I Senior Certificates, Subordinate Certificates, Group II Senior Certificates and Mezzanine Certificates.