Examples of Class B-7 Certificates in a sentence
Distributions on the Class X, Class PO, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class B-7 Certificates will be derived from the Group 1 Mortgage Loans and Group 2 Mortgage Loans (together, the “Mortgage Loans”).
Class B-7 Certificates, accrued and unpaid interest at the Class B-7 certificate interest rate.
Subject to Section 6.02(c), the Senior Certificates (other than the Residual Certificate and the Class P Certificate) and the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class B-7 Certificates shall be Book-Entry Certificates.
For the Class B-7 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 and Class B-6 Certificates for such Distribution Date.
For the Class B-8 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 and Class B-7 Certificates for such Distribution Date.
Private Certificates The Class PP, Class D-B-4, Class D-B-5, Class D-B-6, Class B-5, Class B-6 and Class B-7 Certificates.
Subject to Section 6.02(c), the Senior Certificates (other than a Residual Certificate) and the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class B-7 Certificates shall be Book-Entry Certificates.
Dated: LASALLE NATIONAL BANK, not in its individual capacity but solely as Trustee By:_________________________________________ Authorized Officer Certificate of Authentication ----------------------------- This is one of the Class B-7 Certificates referred to in the Pooling and Servicing Agreement.
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-7 Certificates, as described in the Agreement.
Subject to Section 6.02(c), the Senior Certificates (other than the Residual Certificates) and the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class B-7 Certificates shall be Book-Entry Certificates.