Examples of Class O Certificate in a sentence
Any allocation of Realized Losses to a Class O Certificate or to a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated.
The Holder of a Class I Certificate, Class O Certificate, Class X Certificate or Residual Certificate desiring to effect such transfer shall, and the Trustee and the Company against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.
No transfer of a Class I Certificate, Class O Certificate, Class P Certificate, Class X Certificate or Residual Certificate or any interest therein shall be made to any Plan or to any Person acting, directly or indirectly, on behalf of any such Plan or acquiring such Certificates with “plan assets” of a Plan within the meaning of the Department of Labor regulation promulgated at 29 C.F.R. § 2510.3-101 or otherwise (“Plan Assets”).
Each owner of record of a Class O Certificate will be entitled to certain distributions, as described under Article IV of the Pooling and Servicing Agreement.
The Certificates consist of the following Classes: the Class A-1 and Class A-2 Certificates (the "Senior Certificates"), the Class M-1, Class M-2, Class B, and Class X Certificates (the "Subordinate Certificates"), and the Class O Certificate (the "Ownership Certificate").