COFI Certificates definition

COFI Certificates. As specified in the Preliminary Statement.

COFI Certificates. Not applicable.

COFI Certificates. As specified in the Preliminary Statement. Commission: The U.S. Securities and Exchange Commission.

Examples of COFI Certificates in a sentence

• In determining LIBOR and any Pass-Through Rate for the COFI Certificates or any Reserve Interest Rate, the Trustee may conclusively rely and shall be protected in relying upon the offered quotations (whether written, oral or on the Reuters Screen) from the Reference Banks or the New York City banks as to LIBOR or the Reserve Interest Rate, as appropriate, in effect from time to time.

• The establishment of LIBOR and each Pass-Through Rate for the COFI Certificates by the Trustee shall (in the absence of manifest error) be final, conclusive and binding upon each Holder of a Certificate and the Trustee.

• The Pass-Through Rate for each Class of COFI Certificates for each Interest Accrual Period after the initial Interest Accrual Period shall be determined by the Trustee as provided below on the basis of the Index and the applicable formulae appearing in footnotes corresponding to the COFI Certificates in the table relating to the Certificates in the Preliminary Statement.

• Except as provided below, the Index to be used in determining the respective Pass-Through Rates for the COFI Certificates for a particular Interest Accrual Period shall be COFI for the second calendar month preceding the Outside Reference Date for such Interest Accrual Period.

• Except as provided below, with respect to each Interest Accrual Period following the initial Interest Accrual Period, the Trustee shall not later than two Business Days prior to such Interest Accrual Period but following the publication of the applicable Index determine the Pass-Through Rate at which interest shall accrue in respect of the COFI Certificates during the related Interest Accrual Period.

More Definitions of COFI Certificates

COFI Certificates. As specified in the Preliminary Statement. ----------------- Component: As specified in the Preliminary Statement. --------- Component Balance: With respect to any Component and any Distribution ----------------- Date, the Initial Component Balance thereof on the Closing Date, less all amounts applied in reduction of the principal balance of such Component and Realized Losses allocated thereto on previous Distribution Dates.

COFI Certificates. As specified in the Preliminary Statement. ----------------- Collection Account: The Eligible Account or Accounts established ------------------ and maintained by the Master Servicer in accordance with Section 3.08(c).

COFI Certificates. As specified in the Preliminary Statement. Component: Any of the Class 1-X Components or Subordinated Components, as applicable.

COFI Certificates. The Class 1-A1 and Class 1-A2 Certificates.

COFI Certificates. As specified in the Preliminary Statement. Component: Any of the Class 1-X Components or Subordinated Components, as applicable. Component Rate: Before the Weighted Average Initial Adjustment Date for each Loan Group, as follows: (i) for Class 1-X Component 1, 0.414439%, (ii) for Class 1-X Component 2, 0.434462%, (iii) for Class 1-X Component 3, 0.411480%, (iv) for Class 1-X Component 4, 0.433911% and (v) for Class 1-X Component 5, 0.494469%. On and after the Weighted Average Initial Adjustment Date for each Loan Group, the Component Rate for the related Class 1-X Component shall be 0%.

COFI Certificates. As specified in the Preliminary Statement. Component: As specified in the Preliminary Statement.

COFI Certificates. As specified in the Preliminary Statement. ----------------- Collateral Reduction Trigger Date: The first Distribution Date --------------------------------- on which (X) the principal received with respect to the Mortgage Loans for such Distribution Date exceeds (Y) the product of (i) the Percentage Reduction Factor for such Distribution Date and (ii) the Pool Principal Balance as of the preceding Distribution Date (or as of the Cut-Off Date, in the case of the first Distribution Date).