Class P Certificate Account definition

Class P Certificate Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.05 in the name of the Trustee for the benefit of the Class P Certificateholders.
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Class P Certificate Account. Each account established and maintained by the Securities Administrator pursuant to Section 6.09 hereof.
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Class P Certificate Account. The account established and maintained by the Trustee pursuant to Section 6.09 hereof.
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Examples of Class P Certificate Account in a sentence

  • The amount on deposit in the Class P Certificate Account shall be held uninvested.

  • On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00.

  • All amounts deposited to the Class P Certificate Account shall be held by the Trustee in the name of the Trustee in trust for the benefit of the Class P Certificateholders in accordance with the terms and provisions of this Agreement.

  • On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, any amount on deposit in the Class P Certificate Account will be distributed to the Holders of the Class P Interest and the Class P Certificates in reduction of the Certificate Principal Balance thereof.

  • On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, any amount on deposit in the Class P Certificate Account will be distributed to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.

  • The Distribution Account, the Reserve Account, the Class P Certificate Account and the Protected Account.

  • On the Closing Date, the Depositor will deposit, or cause to be deposited in each Class P Certificate Account $100.00.

  • The amount on deposit in each Class P Certificate Account shall be held uninvested.

  • On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.

  • On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.


More Definitions of Class P Certificate Account

Class P Certificate Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 4.05 in the name of the Trustee for the benefit of the Class P Certificateholders. CLASS R-1 CERTIFICATE: Any Certificate designated a "Class R-1 Certificate" on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein. CLASS R-2 CERTIFICATE: Any Certificate designated a "Class R-2 Certificate" on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein. CLASS R-3 CERTIFICATE: Any Certificate designated a "Class R-3 Certificate" on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC III and representing the right to the Percentage Interest of distributions provided for the Class R-3 Certificates as set forth herein.
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Related to Class P Certificate Account

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

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

  • Class P Certificate Any one of the Class P Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.