Class A-7 Certificate definition

Class A-7 Certificate. Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-7 and Exhibit C hereto.

Class A-7 Certificate. Any one of the Certificates designated on the face thereof as a Class A-7 Certificate, substantially in the form annexed hereto as Exhibit A-7, executed, authenticated and delivered by the Trustee, representing the right to distributions as set forth herein.

Class A-7 Certificate. Any one of the Class A-7 Certificates, executed by the Trustee and authenticated by the Trustee, senior in right of payment to the Class M and Class B Certificates, substantially in the form of the Class A Certificate set forth in Exhibit C hereto.

Examples of Class A-7 Certificate in a sentence

• Scheduled Class A-7 Certificate Principal Balance $83,536,371.00 viii.

• Each Owner of record of a Class A-7 Certificate will be entitled to receive such Owner's Percentage Interest in the amounts due on such Payment Date to the Owners of the Class A-7 Certificates.

• The Percentage Interest of each Class A-7 Certificate as of any date of determination will be equal to the percentage obtained by dividing the original Certificate Principal Balance of such Class A-7 Certificate on the Startup Day by the aggregate Class A-7 Certificate Principal Balance on the Startup Day.

• Distributions will be made in immediately available funds to Owners of Certificates having an aggregate original Class A-7 Certificate Principal Balance of at least $1,000,000 (by wire transfer or otherwise) to the account of an Owner at a domestic bank or other entity having appropriate facilities therefor, if such Owner has so notified the Trustee, or by check mailed to the address of the person entitled thereto as it appears on the Register.

• The Percentage Interest of each Class A-7 Certificate as of any date of determination will be equal to the percentage obtained by dividing the original Certificate Principal Balance of such Class A-7 Certificate on the Startup Day by the aggregate Certificate Principal Balance of the Class A-7 Certificates on the Startup Day.

More Definitions of Class A-7 Certificate

Class A-7 Certificate. Any one of the Class A-7 Certificates executed, authenticated and delivered by the Trustee or the Trust Administrator, substantially in the form annexed hereto as Exhibit A-7 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

Class A-7 Certificate. Any Certificate designated as a “Class A-7 Certificate” on the face thereof, in the form of Exhibit A-1 hereto, representing the right to the Percentage Interest of distributions provided for the Class A-7 Certificates as set forth herein and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive Basis Risk Shortfall Carry Forward Amounts and (iii) the obligation to pay Class IO Distribution Amounts.

Class A-7 Certificate. A Certificate denominated as an EQCC Home Equity Loan Asset Backed Certificate, Series 1997-2, Class A-7 Certificate, 6.89% Pass-Through Rate.

Class A-7 Certificate. Any Certificate designated as a "Class A-7 Certificate" on the face thereof, in the form of Exhibit A hereto. The Class A-7 Certificates shall be issued with an initial aggregate Certificate Principal Balance equal to the Original Certificate Principal Balance therefor.

Class A-7 Certificate. Any one of the Certificates with a "Class A-7" designation on the face thereof, substantially in the form of Exhibit A-8 attached hereto, and evidencing a "regular interest" in REMIC II for purposes of the REMIC Provisions.

Class A-7 Certificate. Any one of the Certificates, executed and authenticated as provided herein, substantially in the form set forth in EXHIBIT B-7 and EXHIBIT C hereto. CLASS A-7 CERTIFICATE BALANCE: At any time, the Initial Class A-7 Certificate Balance minus the sum of all principal distributions previously made to the Class A-7 Certificateholders.

Class A-7 Certificate means any one of the Certificates designated Class A-7, executed and authenticated as provided herein, substantially in the form set forth in Exhibits B, D and G.