Class B-11 Certificates definition

Class B-11 Certificates. The Certificates designated as “Class B-11” on the face thereof in substantially the form attached hereto as Exhibit A.
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Examples of Class B-11 Certificates in a sentence

  • For the Class B-11 Certificates for any Distribution Date, the lesser of (a) the Carryover Shortfall Amount for such Class for such Distribution Date and (b) the excess, if any, of (i) the Interest Distribution Amount for the Class X-L Regular Interest for such Distribution Date over (ii) the aggregate of the Carryover Shortfall Payments for the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8, Class B-9 and Class B-10 Certificates for such Distribution Date.

  • The parties hereto intend that rights under the Cap Agreements and the ownership of the Cap Agreement Reserve Fund represented by the Class CX Certificates, together with the related obligations to make payments to the Class B1, Class B2, Class B3, Class B4, Class B5, Class B7, Class B10 and Class B11 Certificates, shall be treated as a grantor trust under the Code and the provisions hereof shall be interpreted consistently with this intention.

  • Junior Subordinate Certificates: The Class B-9, Class B-10 and Class B-11 Certificates.

  • The Holders of the Class B1, Class B2, Class B3, Class B4, Class B5, Class B7, Class B10 and Class B11 Certificates agree, by their acceptance of such Certificates, that they will take tax reporting positions that allocate no more than a nominal value to the right to receive payments in respect of Floating Rate Certificate Shortfalls.

  • The pass-through rate on the Class B-11 Certificates with respect to each Distribution Date will be a per annum rate equal to the weighted average (based on the Group Subordinate Amount of each Loan Group) of the Net WACs of the Loan Groups.

  • Since, the examinations are due to be held in the Month of Dec 2016, it has become inevitable to get the same approved by the statutory bodies.

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and any Relief Act Shortfall allocated to the Class B-11 Certificates, as described in the Agreement.

  • Each payment made to the Class B1, Class B2, Class B3, Class B4, Class B5, Class B7, Class B10 and Class B11 Certificates in respect of Floating Rate Certificate Shortfalls shall be treated for federal income tax purposes as having been distributed to the Class CX Certificates and then paid by the holders of the Class CX Certificates to the holders of the relevant Class B1, Class B2, Class B3, Class B4, Class B5, Class B7, Class B10 and Class B11 Certificates.

Related to Class B-11 Certificates

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-3 Certificates All Certificates bearing the class designation of "Class B-3".

  • Class B-4 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 B-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • Class A-2 Certificates All Certificates bearing the class designation of "Class A-2".

  • Class B-3 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 B-3 and Exhibit C hereto. Class B-3 Certificateholder: The registered holder of a Class B-3 Certificate.

  • Class A-1 Certificates All Certificates bearing the class designation of "Class A-1".

  • Class B-5 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 B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Class A-3 Certificates All Certificates bearing the class designation of "Class A-3".

  • Class B-6 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 B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class B-2 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 B-2 and Exhibit C hereto. Class B-2 Certificateholder: The registered holder of a Class B-2 Certificate.

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

  • Class B-1 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 B-1 and Exhibit C hereto. Class B-1 Certificateholder: The registered holder of a Class B-1 Certificate.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class M Certificates Any of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5 and Class M-6 Certificates.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Class A-4 Certificates All Certificates bearing the class designation of "Class A-4".

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Class A-6 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-6 and Exhibit C hereto.

  • Class A-2 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-2 hereto.

  • 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.