Class X-2 Certificates definition

Class X-2 Certificates. The Certificates designated as “Class X-2” on the face thereof in substantially the form attached hereto as Exhibit A.
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Class X-2 Certificates. The Class X-2 Certificates created pursuant to Section 3 hereof.
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Class X-2 Certificates. The Certificates designated as "Class X-2" on the face thereof in substantially the form attached hereto as Exhibit A. Class X-2-M Regular Interest: The undivided beneficial interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein.
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Examples of Class X-2 Certificates in a sentence

  • With respect to the Class X-2 Certificates, the Class X-2-M Regular Interests, the Class X-2 Notional Amount.

  • The Company does hereby irrevocably sell, transfer, assign, set over, and otherwise convey to the Trust, without recourse, all the Company’s right, title and interest in and to the REMIC II Regular Interests (other than the Class X-2 Certificates).

  • The Trust, as payment of the purchase price of the REMIC II Assets, shall issue the REMIC II Regular Interests (other than the Class X-2 Regular Interest) and the Class R-2 Residual Interest to the Company on the Closing Date, and shall issue the Class X-2 Certificates to the Company or the Company’s designee on the Closing Date in Authorized Denominations.

  • The Trust, as payment of the purchase price of the REMIC II Regular Interests (other than the Class X-2 Certificates), shall issue the Certificates (other than the Class X-2 Certificates) to the Company or the Company’s designee on the Closing Date in Authorized Denominations.

  • It is the express intent of the parties hereto that the conveyance of the REMIC II Regular Interests (other than the Class X-2 Certificates) to the Trust by the Company as provided in this Section 2.15 be, and be construed as, an absolute sale of the REMIC II Regular Interests (other than the Class X-2 Certificates).

  • Pursuant to Section 3818 of the Statutory Trust Statute, the REMIC II Regular Interests (other than the Class X-2 Certificates) shall not be cancelled and shall be held as treasury interests owned by the Trust.

  • With respect to each Class of REMIC II Regular Interests (other than the Class X-2 Certificates), the owner of those REMIC II Regular Interests, which as of the Closing Date shall be the Trust.

  • It is, further, not the intention of the parties that such conveyance be deemed the grant of a security interest in the REMIC II Regular Interests (other than the Class X-2 Certificates) by the Company to the Trust to secure a debt or other obligation of the Company.

  • The Certificates (other than the Class R Certificates) shall together be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Regular Interests (other than the Class X-2 Certificates) and the Assigned Prepayment Premiums pursuant to Section 3806(b)(2) of the Statutory Trust Statute.


More Definitions of Class X-2 Certificates

Class X-2 Certificates. The Class X-2 Certificates substantially in the form of Exhibit A to the Trust Agreement.
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Class X-2 Certificates. The Class X-2 Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-22, representing the right to distributions as set forth herein.
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Related to Class X-2 Certificates

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

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

  • Group 2 Certificates As specified in the Preliminary Statement.

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

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

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

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

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

  • Group 1 Certificates As specified in the Preliminary Statement.

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

  • 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.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • 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 B-4 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • Class A Certificates As specified in the Preliminary Statement.

  • Class B-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Class A-2 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-2 hereto.

  • Class B-2 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-2 and Exhibit C hereto. Class B-2 Certificateholder: The registered holder of a Class B-2 Certificate.