Class M-1 Reference Tranche definition

Class M-1 Reference Tranche means a Reference Tranche associated with the Reference Pool that is pro rata with the Class M-1H Reference Tranche, with an Initial Class Notional Amount as set forth in Annex 1, and which, together with the Class M-1H Reference Tranche, has an Initial Subordination and Credit Enhancement in respect of the Reference Pool as set forth in Annex 1.
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Class M-1 Reference Tranche means a Reference Tranche associated with the Covered Pool, with an Initial Class Notional Amount and an Initial Subordination and Credit Enhancement as set forth in Article VI(B)(3) and Annex 1 respectively.
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Class M-1 Reference Tranche means a Reference Tranche associated with the Reference Pool, with an Initial Class Notional Amount and an Initial Subordination and Credit Enhancement as set forth in Annex 1.
Sample 1

Examples of Class M-1 Reference Tranche in a sentence

  • With respect to (i) the Class M-1 Notes, the Class M-1 Reference Tranche, (ii) the Class M-2 Notes, the Class M-2 Reference Tranche, (iii) the Class M-3A Notes, the Class M-3A Reference Tranche, (iv) the Class M-3B Notes, the Class M-3B Reference Tranche and (v) the Class B Notes, the Class B Reference Tranche.

  • With respect to the Class M-1 Reference Tranche, the Class M-1Notes.

  • With respect to (i) the Class M-1 Notes, the Class M-1 Reference Tranche, (ii) the Class M-2 Notes, the Class M-2 Reference Tranche, (iii) the Class M-3 Notes, the Class M-3 Reference Tranche, and (iv) the Class B Notes, the Class B Reference Tranche.

  • With respect to (i) the Class M-1 Notes, the Class M-1 Reference Tranche, (ii) the Class M-2 Notes, the Class M-2 Reference Tranche, (iii) the Class M-3 Notes, the Class M-3 Reference Xxxxxxx, and (iv) the Class B Notes, the Class B Reference Tranche.

  • Represents the initial subordination and credit enhancement available to the Class M-3 and Class M-3H Reference Tranches in the aggregate.The Class M-1 Reference Tranche will correspond to the Class M-1 Notes, the Class M-2 Reference Tranche will correspond to the Class M-2 Notes and the Class M-3 Reference Tranche will correspond to the Class M-3 Notes.

  • As such, because the Class M-2 Reference Tranche is subordinate to the Class M-1 Reference Tranche, the Class M-2 Notes will be more sensitive than the Class M-1 Notes to Calculated Tranche Write-down Amounts after the Class Notional Amount of the Class B-H Reference Tranche is reduced to zero.

  • With respect to (i) the Class M-1 Notes, the Class M-1 Reference Tranche; and (ii) the Class M-2 Notes, the Class M-2 Reference Tranche.

  • Represents the initial subordination and credit enhancement available to the Class B-1 and Class B-1H Reference Tranches in the aggregate.The Class M-1 Reference Tranche will correspond to the Class M-1 Notes, the Class M-2A Reference Tranche will correspond to the Class M-2A Notes, the Class M-2B Reference Tranche will correspond to the Class M-2B Notes and the Class B-1 Reference Tranche will correspond to the Class B-1 Notes.

  • Represents the initial subordination and credit enhancement available to the Class M-2 and Class M-2H Reference Tranches in the aggregate.The Class M-1 Reference Tranche will correspond to the Class M-1 Notes and the Class M-2 Reference Tranche will correspond to the Class M-2 Notes.

  • The Trustee will endeavor to execute any purchase or sale of an investment within 5 business days after receipt of cash and your investment instructions at the market or sale price in effect on the day the transaction is executed.