Class AV-1 Certificate definition

Class AV-1 Certificate. Any one of the Certificates designated on the face thereof as a Class AV-1 Certificate, substantially in the form annexed hereto as Exhibit A-7 authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and each evidencing ownership of an interest designated as a “regular interest” in the Master REMIC created hereunder for purposes of the REMIC Provisions.

Class AV-1 Certificate. Any one of the Class AV-1 Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-1 and evidencing a Regular Interest in REMIC IV for purposes of the REMIC Provisions.

Class AV-1 Certificate. Any Certificate designated as "Class MV-1 Certificate": Any Certificate designated a "Class AV-1 Certificate" on the face thereof, in the as a "Class MV-1 Certificate" on the face thereof, in form of Exhibit AV-1 hereto representing the right to the form of Exhibit MV-1 hereto representing the right distributions as set forth herein. to distributions as set forth herein.

Examples of Class AV-1 Certificate in a sentence

• The Percentage Interest of each Class AV-1 Certificate as of any date of determination will be equal to the percentage obtained by dividing the original Certificate Principal Balance of such Class AV-1 Certificate on the Startup Day by the aggregate Certificate Principal Balance of the Class AV-1 Certificates on the Startup Day.

• Each Owner of record of a Class AV-1 Certificate will be entitled to receive such Owner’s Percentage Interest in the amounts due on such Distribution Date to the Owners of the Class AV-1 Certificates.

• Class AV-1 Certificate ---------------------- Any Certificate executed and authenticated by the Trustee substantially in the form attached hereto as Exhibit A-2 and designated as a Class AV-1 Certificate.

• The Class AV-1 Pass-Through Rate on each Distribution Date will be a rate per annum equal to the sum of one month LIBOR plus the Class AV-1 Certificate Margin.

• GROUP II STEPDOWN DATE: The earlier to occur of (i) the later to occur of (A) the Payment Date in August 2005 and (B) the first Payment Date on which the Class AV-1 Certificate Principal Balance immediately prior to such Payment Date is less than or equal to 54.00% of the Group II Pool Scheduled Principal Balances and (ii) the Payment Date on which the Certificate Principal Balances of the Class AV-1 Certificates have been reduced to zero.

• No: AV-1 152314 GP 9 CUSIP $129,053,000 Original Class AV-1 Certificate Principal Balance March 27, 2003 Date March 25, 2033 Final Scheduled Distribution Date CEDE & CO.

• Dated ________________, 20__ JPMorgan Chase Bank, Countersigned: as Trustee By: _________________________ By: _________________________ Authorized Signatory of JPMorgan Chase Bank, as Trustee XXXXXXX X-0 Form of Class AV-1 Certificate UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.

• No: AV-1-1 152314 PK 0 CUSIP $342,200,000 Original Class AV-1 Certificate Principal Balance October 12, 2005 Date August 25, 2027 Final Scheduled Distribution Date CEDE & CO.

• The Class AV-1 Pass-Through Rate on each Distribution Date will be a rate per annum equal to the lesser of (i) the sum of one month LIBOR plus the Class AV-1 Certificate Margin and (ii) the related Rate Cap for the such Distribution Date.

• The Class AV-1 Pass-Through Rate on each Distribution Date will be a rate per annum equal to the lesser of (i) LIBOR as of the related LIBOR Determination Date, plus the Class AV-1 Certificate Margin and (ii) the related Rate Cap for such distribution.

More Definitions of Class AV-1 Certificate

Class AV-1 Certificate. Any Certificate designated "Class AV-2 Certificate": Any Certificate designated as a "Class AV-1 Certificate" on the face thereof, in the as a "Class AV-2 Certificate" on the face thereof, in form of Exhibit AV-1 hereto representing the right to the form of Exhibit AV-2 hereto representing the right distributions as set forth herein. to distributions as set forth herein.

Class AV-1 Certificate. A Certificate denominated as a Class AV-1 Certificate.

Class AV-1 Certificate. Any Certificate designated as a "Class AV-1 Certificate" on the face thereof, in the form of Exhibit A-11 hereto, representing the right to distributions as set forth herein.