Classes of Certificates or Components definition

Classes of Certificates or Components. With respect to each Lower Tier REMIC Interest, the Class or Classes of Certificates or Components appearing opposite such Lower Tier REMIC Interest as described in the Preliminary Statement hereto.

Examples of Classes of Certificates or Components in a sentence

  • Principal of and interest on the Lower Tier Interests shall be allocated to the Corresponding Classes of Certificates (or Components) in the manner set forth in the following table.

  • Realized Losses, Fraud Losses, Special Hazard Losses, Deficient Valuations and Excess Losses shall be allocated to the Middle-Tier REMIC Regular Interests in the same manner as they are allocated to the Corresponding Class or Classes of Certificates or Components pursuant to Section 4.03.

  • On each Distribution Date prior to distributions on the Certificates as provided in Sections 3.01, interest shall be paid to each REMIC II Regular Interest at the time and in the amount that interest is paid to the Corresponding Class or Classes of Certificates or Components.

  • The following table irrevocably sets forth the designation, the pass-through rate (the "Pass-Through Rate"), and the initial aggregate stated principal amount (the initial "Class Principal Balance") for each of the Classes of Certificates or Components (as defined herein) thereof constituting "regular interests" in REMIC II.

  • The initial principal balance or Notional Amount of each Middle-Tier REMIC Regular Interest shall equal the initial Class Principal Balance or Notional Amount of the respective Corresponding Class or Classes of Certificates or Components set forth in the Preliminary Statement.

  • Principal of and interest on the Lower-Tier Interests shall be allocated to the Corresponding Classes of Certificates (or Components) in the manner set forth in the following table.

  • On each Distribution Date, the amounts distributable with respect to the REMIC II Interests shall be distributed with respect to the REMIC III Interests in the same manner that the Available Distribution Amount is distributed with respect to the Corresponding Class or Classes of Certificates or Components.

  • On each Distribution Date, Realized Losses shall be allocated among the REMIC III Interests in the same manner that Realized Losses are allocated among the Corresponding Classes of Certificates or Components.

  • As used herein, an allocation of a Realized Loss or Extraordinary Trust Fund Expense on a "PRO RATA basis" among two or more specified Classes of Certificates or Components means an allocation on a PRO RATA basis, among the various Classes or Component so specified, to each such Class of Certificates or Component on the basis of their then outstanding Certificate Principal Balances or Component Balances, as applicable, prior to giving effect to distributions to be made on such Distribution Date.

  • On each Distribution Date, the Securities Administrator shall distribute any Reimbursement Amount received with respect to a Loan Group sequentially to each related Class of Shifting Interest Certificates or Components then outstanding which bore the loss to which such Reimbursement Amount relates, beginning with the most senior of such Classes of Certificates or Components, up to, with respect to each Class or Component, the amount of loss borne by such Class or Component.

Related to Classes of Certificates or Components

  • Classes of Certificates Each of the Class A and Class B Certificates will consist of one or more classes with the prior consent of Wells Fargo Asset Securities Xxxxoration (the "Seller"), which consent shall not be unreasonably withheld. Aggregate Principal Amount $ ___________(Approximate) of the Offered Certificates: Certificates Not Offered Hereby: The Class B-4, Class B-5 and Class B-6 Certificates (the "Other Certificates").

  • Corresponding Classes of Certificates With respect to each REMIC Regular Interest, any Class of Certificates appearing opposite such REMIC Regular Interest in Section 1.03 hereof.

  • Certificate Percentage means (i) for each Payment Date until the Notes have been paid in full, 0%; and (ii) thereafter, 100%.

  • Sequential Pay Certificates The Class X-0, Xxxxx X-0, Class A-3, Class A-4, Class A-AB, Class A-S, Class B, Class C, Class D, Class E, Class F and Class G Certificates, collectively.

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Class X-A Components The Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.

  • Subordinate Certificate Writedown Amount As to any Distribution Date, the amount by which (i) the sum of the Class Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Amounts of the Certificates on such Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans for such Distribution Date.

  • Junior Subordinate Certificates The Class B-4, Class B-5 and Class B-6 Certificates.

  • Senior Subordinate Certificates The Class B1, Class B2 and Class B3 Certificates.

  • Subordinate Certificates As specified in the Preliminary Statement.

  • Junior Class of Certificates The Class of Subordinate Certificates outstanding as of the date of the repurchase of a Mortgage Loan pursuant to Section 4.07 herein that has the Lowest Priority.

  • Subordinate Certificate Any one of the Class M Certificates or Class B Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B and Exhibit C, respectively.

  • Fixed Rate Certificates As specified in the Preliminary Statement.

  • Offered Subordinate Certificates As specified in the Preliminary Statement.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Group 1 Certificate Any Class A-1 or Class A-R Certificate.

  • Class A-S Component The Component having such designation.

  • Certificate Group Each of the Group 1 Certificates and the Group 2 Certificates.

  • 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.

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).

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

  • Note B Percentage Interest means a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance and the denominator of which is the sum of the Note A Principal Balance and the Note B Principal Balance.

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Single Certificate With respect to any Class of Certificates (other than the Class P Certificates and the Residual Certificates), a hypothetical Certificate of such Class evidencing a Percentage Interest for such Class corresponding to an initial Certificate Principal Balance or Notional Amount of $1,000. With respect to the Class P Certificates and the Residual Certificates, a hypothetical Certificate of such Class evidencing a 20% Percentage Interest in such Class.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Bearing components means the bearing element, retainer, inner race, or outer race.