Examples of Class 2A-1C Certificates in a sentence
Distributions on the Class 2-A1A1, Class 2-A1A2, Class 2-A1B and Class 2-A1C Certificates, will be derived primarily from a pool of non-conforming adjustable rate mortgage loans (“Group 2 Mortgage Loans”).
With respect to any Distribution Date and Insured Amount, the Securities Administrator shall make payments pursuant to Section 5.01(a)(i) and (ii), with respect to the Class 1-A-1B and Class 2-A-1C Certificates from the amount drawn under the Certificate Insurance Policy for such Distribution Date in respect of such respective Classes pursuant to Section 4.02.
If the Seller or its affiliate is the Holder of a Class 2-A-1A, Class 2-A-1B or Class 2-A-1C Certificates, the Seller or its affiliate shall remit to the Trustee the portion of Yield Maintenance Distributable Amounts received by the Holder of such Certificate on any Distribution Date, and the Trustee will remit such amounts to the Yield Maintenance Provider.
Distributions on the Class 2-A1A1, Class 2-A1A2, Class 2-A1B and Class 2A1C Certificates, will be derived primarily from a pool of non-conforming adjustable rate mortgage loans (“Group 2 Mortgage Loans”).
In addition, (i) the LIBOR Certificates represent the right to receive payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07 and (ii) the Class 1-A-1A, Class 1-A-1B, Class 2-A-1A, Class 2-A-1B, and Class 2-A-1C Certificates represent the right to receive payments in respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided in Section 4.04.
The Basis Risk Reserve Fund X-2 Subaccount will be held in trust by the Trustee on behalf of the holders of the Class 2-A1A, Class 2-A1B and Class 2-A1C Certificates.
Each of the Class 1-A-1A, Class 1-A-1B, Class 2-A-1A, Class 2-A-1B and Class 2-A-1C Certificates will only receive payment from amounts received from the related Yield Maintenance Agreement.
Any amounts remaining in the Distribution Account after distributions are made to the Class 1-A1A, Class 1-A1B, Class 2-A1A1, Class 2-A1A2, Class 2-A1B and Class 2-A1C Certificates from the Yield Maintenance Distributable Amounts shall be distributed to the Class X Certificates.
Each of the Class 1-A1A, Class 1-A1B, Class 2-A1A1, Class 2-A1A2, Class 2-A1B and Class 2-A1C Certificates will only receive payment from amounts received from the related Yield Maintenance Agreement.
The Class 1-A1A, Class 1-A1B, Class 1-A1C, Class 2-A1A, Class 2-A1B and Class 2-A1C Certificates and the Residual Certificates shall be Physical Certificates.