Class CE-1 Certificates definition

Class CE-1 Certificates. The Class CE-1 ▇▇▇▇▇ Whole Loan Home Equity Trust 2005-C, Home Equity Loan-Backed Certificates, issued and outstanding pursuant to the terms of the Trust Agreement.
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Class CE-1 Certificates. All Certificates bearing the class designation of “Class CE-1.” Class CE-1 Distributable Amount: On any Distribution Date, the sum of (i) as a distribution in respect of interest, the amount of interest that has accrued on the Class CE-1 Interest (as set forth in the Preliminary Statement) and not applied as an Extra Principal Distribution Amount on such Distribution Date, plus any such accrued interest remaining undistributed from prior Distribution Dates, plus (without duplication), (ii) as a distribution in respect of principal, any portion of the principal balance of the Class CE-1 Interest which is distributable as a Subordination Reduction Amount, minus (iii) any Swap Termination Payment payable to the Swap Provider and any amounts paid as a Basis Risk Payment from the Excess Reserve Fund Account.
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Class CE-1 Certificates. All Certificates bearing the class designation of "Class CE".
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Examples of Class CE-1 Certificates in a sentence

  • By acceptance of the Residual Certificates, the Holder of the Residual Certificates agrees, in connection with any termination hereunder, to assign and transfer any portion of the Termination Price in excess of par, and to the extent received in respect of such termination, to pay any such amounts to the Holders of the Class CE-1 Certificates.

  • If the Holders of a majority in Percentage Interest in the Class CE-1 Certificates fail to provide investment instructions, funds on deposit in the Reserve Fund shall be held uninvested by the Securities Administrator without liability for interest or compensation.

  • The Holders of the Class CE-1 Certificates shall be the beneficial owner of the Supplemental Interest Trust, subject to the power of the Securities Administrator to transfer amounts under this Agreement.

  • On each Distribution Date, the Securities Administrator shall distribute, not in respect of any REMIC, any interest earned on the Supplemental Interest Trust to the Holders of the Class CE-1 Certificates.

  • All such shortfalls allocated to the Class CE-1 Interest shall be allocated to the Class CE-1 Certificates.

  • In addition, pursuant to such notional principal contract, the Holder of the Class CE-1 Certificates shall be treated as having agreed to pay Net WAC Rate Carryover Amounts to the Holders of the Certificates (other than the Class CE, Class P and Class R Certificates) in accordance with the terms of this Agreement.

  • Dated: ▇▇▇▇▇ FARGO BANK, N.A. as Securities Administrator By: This is one of the Class CE-1 Certificates referred to in the within-mentioned Agreement.

  • The Class CE-1 Certificates shall be designated as the Regular Interest in REMIC IV and the Class R-IV Interest shall be designated as the Residual Interest in REMIC IV.

  • All amounts deposited into the Reserve Fund (other than the initial deposit therein of $1,000) shall be treated as amounts distributed by REMIC III to the Holders of the Class CE-1 Certificates.

  • In addition, pursuant to such notional principal contract, the Holder of the Class CE-1 Certificates shall be treated as having agreed to pay Net WAC Rate Carryover Amounts to the Holders of the Certificates (other than the Class CE-1, Class CE-2, Class P and Residual Certificates) in accordance with the terms of this Agreement.


More Definitions of Class CE-1 Certificates

Class CE-1 Certificates. The Class CE-1 Certificates designated as such on the face thereof in substantially the form attached hereto as Exhibit A-4.
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