Examples of Class A-3B Certificate in a sentence
The Certificate Interest Rate for the Class A-3B Certificates for each Distribution Date will be the least of (i) One-Month LIBOR as of the related LIBOR Determination Date plus the Class A-3B Certificate Margin, (ii) the Group 3 Maximum Rate Cap and (iii) the Group 3 Cap.
This Class A-3B Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class A-3B Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
This Class A-3B Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, or the Securities Administrator referred to below or any of their respective affiliates.
This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class A-3B Certificate (obtained by dividing the Denomination of this Class A-3B Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by SG Mortgage Securities, LLC (the “Depositor”).
This Class A-3B Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Securities Administrator.
XXXXX FARGO BANK, N.A., as Certificate Registrar By: Authorized Signatory [Reverse of Class A-3B Certificate] SG MORTGAGE SECURITIES TRUST 2006-OPT2, Asset-Backed Certificates, Series 2006-OPT2 This Certificate is one of a duly authorized issue of Certificates designated as SG Mortgage Securities Trust 2006-OPT2, Asset-Backed Certificates, Series 2006-OPT2 (herein collectively called the “Certificates”), and representing a beneficial ownership interest in the Trust created by the Agreement.
Accordingly, the Certificate Principal Balance of this Class A-3B Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein.
Reference is hereby made to the further provisions of this Class A-3B Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.
XXXXXXX X-0 Form of Class A-3B Certificate UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE SECURITIES ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
As described above, any transferee of a Class A-1, Class A-2 or Class A-3A Certificate not rated at least "AA-" (or its equivalent) by Standard & Poor's or Moody's at the time of purchase or Class A-3B Certificate will be deemed to havx xxxxesented by virtue of its purchase or holding of such Certificate (or any interest herein) that either (a) such transferee is not a Plan or a Plan Investor, or (b) the transferee is a Complying Insurance Company.