Class 2 definition

Class 2 means, at any time, all Class 2 Loans at such time.
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Class 2. A-1 and Class 2-A-2 Certificates. Group 2 Certificates................... Group 2 Senior Certificates and the portions of the Subordinated Certificates related to Loan Group 2.
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Class 2 means motor caravans falling within classifications L(a) and L(b); motor vehicles with at least four wheels, used for the carriage of passengers falling within classifications M1(a) and M1(b); and motor vehicles with at least four wheels used for the carriage of goods falling within classifications N1(a) and N1(b). “Class M1(a)” – A motor vehicle which comprises no more than eight seats in addition to the driver’s seat
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Examples of Class 2 in a sentence

  • Holders of Claims in Class 2 are conclusively presumed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code.

  • Class 2 is Unimpaired, and Holders of Prepetition ABL Claims are conclusively presumed to have accepted this Plan pursuant to section 1126(f) of the Bankruptcy Code.


More Definitions of Class 2

Class 2. The Deviation would have a materially detrimental impact on the operation of the Sub-Project as a whole, although the Sub-Project could still be used in production in a commercially viable manner, if necessary with reasonable work-around efforts. If a combination of Class 2 and Class 3 Deviations would prevent the Sub-Project as a whole from being used in a commercially viable manner, the combination of Class 2 and Class 3 Deviations constitutes a Class 1 Deviation.
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Class 2. A-1 and Class 2-A-2 Certificates and the Class PO-2 Component. Group 2 Certificates........................Group 2 Senior Certificates and the portions of the Subordinated Certificates related to Loan Group 2. Group 3 Senior Certificates.................Class 3-A-1 Certificates and the Class PO-3 Component. Group 3 Certificates........................Group 3 Senior Certificates and the portions of the Subordinated Certificates related to Loan Group 3.
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Class 2. A-3-1, Class A-X-1 and Class A-X-2 Components. 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. Principal Only Certificates.............................. Class 1-PO Certificates. Private Certificates..................................... Class P, Class B-4, Class B-5 and Class B-6 Certificates. Rating Agencies.......................................... S&P and Fitch. Regular Certificates..................................... All Classes of Certificates other than the Class A-R Certificates. Residual Certificate..................................... Class A-R Certificates.
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Class 2. A-1 Certificates and Class A-X-1 IO-2 and Class A-X-2 PO-2 Components and the portion of the Class A-X-2 IO Component related to Loan Group 2. Group 2 Certificates..................................... Group 2 Senior Certificates and the portions of the Subordinated Certificates related to Loan Group 2.
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Class 2. A-2 PASS-THROUGH RATE: For any Distribution Date, the lesser of (i) One-Month LIBOR plus the Class 2-A-2 Margin and (ii) the Net Rate Cap for such Distribution Date.
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Class 2. A-1A, Class 2-A-1B, Class 2-A-2A and Class 2-A-2C, Class 2-A-3A and Class 2-A-3B Certificates. Group 2 Senior Floating Rate Certificates................ Group 2 Senior LIBOR Certificates and Class 2-A-2B Certificates. Group 2 Certificates..................................... Group 2 Senior Certificates and the portion of the Subordinated Certificates related to Loan Group 2. Floating Rate Certificates............................... Group 1 Senior Floating Rate Certificates, Group 2 Senior Floating Rate Certificates and Subordinated Floating Rate Certificates. MTA Certificates......................................... Class 2-A-2B Certificates. Non-Delay Certificates................................... All LIBOR Certificates. Notional Amount Certificates............................. Class 1-X, Class 2-X and Class B-X Certificates. Notional Amount Components............................... Class 1-X IO, Class 2-X IO and Class B-X IO Components. 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. Principal Only Certificates.............................. None.
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Class 2. X Tax Pass Through Rate: The excess of (a) the Weighted Average Adjusted Net Mortgage Rate of the Mortgage Loans in Loan Group 2 over (b) the product of: (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the related Component Notional Amounts of the related Components of the Class 2-X Certificates and (ii) 12, divided by the the sum of the principal balances in respect of the Class LT-X-X2 Interest, Class LT-Y-X2 Interest, LT-A-2 and LT-B-2 and LT-C-2 Interests. Closing Date: September 29, 2006.
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