Class X-B Certificate definition
Class X-B 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-7 hereto.
Class X-B Certificate. A Certificate designated as “Class X-B” on the face thereof, in the form of Exhibit A-1 hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.
Class X-B Certificate. Any of the Certificates with a “Class X-B” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing ownership of a portion of three (3) classes of “regular interests” in REMIC III for purposes of the REMIC Provisions.
Examples of Class X-B Certificate in a sentence
The Trustee shall treat the rights of the Holders of the Class B-1, Class B-2 and Class B-3 Certificates to receive payments in respect of Basis Risk Shortfalls and Unpaid Basis Risk Shortfalls as interests in cap contracts written by the Holders of the Class X-B Certificate in favor of the Holders of the Class B-1, Class B-2 and Class B-3 Certificates.
More Definitions of Class X-B Certificate
Class X-B Certificate. Any one of the Certificates executed and authenticated by the [Trustee][Certificate Administrator] or the Authenticating Agent in substantially the form set forth in Exhibit A-4 hereto.
Class X-B Certificate. Any of the Class X-B Certificates as designated on the face thereof, executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-2, evidencing the ownership of a “regular interest” in the Upper Tier REMIC created hereunder and representing the right to distributions as set forth herein and therein.