Class OC Certificates definition

Class OC Certificates. As specified in the Preliminary Statement.
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Class OC Certificates. The Class OC-1 and Class OC-2 Certificates.
Sample 1

Examples of Class OC Certificates in a sentence

  • For the avoidance of doubt, Section 5.02(a)(1)(C) is intended to cause the Class OC Certificates to receive from amounts remaining after the application of all other clauses of Section 5.02(a)(1)(C) preceding it, an amount up to the sum of the Class OC Distributable Amount for that Distribution Date and any Class OC Distributable Amounts remaining unpaid from prior Distribution Dates and the Securities Administrator shall construe Section 5.02(a)(1)(C) as necessary so as to accomplish such result.

  • Any such amounts transferred shall be treated for federal tax purposes as amounts distributed to the Holders of the Class OC Certificates.

  • All such Permitted Investments shall be made in the name of the Trustee, for the benefit of the Holders of the Class OC Certificates.

  • The Class OC Certificates shall evidence ownership of the Reserve Fund for federal tax purposes.

  • The Holders of the Class OC Certificates shall be the owner of the Reserve Fund.

  • For the avoidance of doubt, Section 5.02(c) is intended to cause the Class OC Certificates to receive from amounts remaining after the application of all other clauses of Section 5.02(c) preceding it, an amount up to the sum of the Class OC Distributable Amount for that Distribution Date and any Class OC Distributable Amounts remaining unpaid from prior Distribution Dates and the Trustee shall construe Section 5.02(c) as necessary so as to accomplish such result.

  • For purposes of the Code, amounts deemed deposited in the Reserve Fund shall be deemed to have first been distributed to the Class OC Certificates.

  • Furthermore, the Holders of the Class OC Certificates shall be the beneficial owners of the Supplemental Interest Trust for all federal income tax purposes, and shall be taxable on all income earned thereon.

  • For purposes of compliance with the REMIC Provisions, any such Released Mortgage Loan transferred to the Released Mortgage Transferee pursuant to this Section 7.04 and having any value as of the date of such transfer shall be treated as having been transferred by the related REMIC as additional compensation for services provided to such REMIC and if no such services were provided, as an additional distribution to the Class OC Certificates.

  • For purposes of the Code, amounts deemed deposited in the Basis Risk Carry Forward Reserve Fund shall be deemed to have first been distributed to the Class OC Certificates.

Related to Class OC Certificates

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

  • 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 Certificates The Class A-1, Class A-2, Class A-3 and Class A-4 Certificates.

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

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • Class AA Certificates means Pass Through Certificates issued by the Class AA Pass Through Trust.

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

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

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

  • Class C Certificate Any one of the Certificates with a “Class C” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

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

  • Class X Certificates All Certificates bearing the class designation of "Class X".

  • 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.

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

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

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

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Group III Certificates The Group III-A Certificates.

  • Group II Certificates The Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • Group I Certificates The Class A-1 Certificates.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group 1 Certificates As specified in the Preliminary Statement.