Combinable Certificates definition

Combinable Certificates. The Certificates of any Combinable Class. Combinable Class: Each Class listed in the Schedule that is not an RCR Class.
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Combinable Certificates. The Certificates of any Combinable Class.
Sample 1Sample 2Sample 3

Examples of Combinable Certificates in a sentence

  • Upon any such exchange the portion or portions of the Combinable Certificates designated for exchange shall be deemed cancelled and replaced by the RCR Certificate or Certificates issued in exchange therefor.

  • In the case of each Certificate Group, Certificates of the Class or Classes of Combinable Certificates in such Certificate Group shall be exchangeable for Certificates of the Class or Classes of RCR Certificates in such Certificate Group in respective denominations determined pursuant to the applicable Exchange Ratios.

  • Xxxxxx Xxx further intends to reissue hereunder Combinable Certificates in exchange for RCR Certificates, the aggregate of the beneficial interests of the Combinable Certificates issued on any such exchange being equivalent to the beneficial interests in the Related REMIC Classes evidenced by the RCR Certificates so exchanged.

  • Combinable Certificates shall be exchangeable on the books of a Reserve Bank for RCR Certificates, and RCR Certificates shall be exchangeable on the books of a Reserve Bank for Combinable Certificates, on and after the Settlement Date under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified under “Description of the Certificates–Combination and Recombination” in the Prospectus Supplement.

  • Combinable Certificates shall be exchangeable on the books of a Reserve Bank for RCR Certificates, and RCR Certificates shall be exchangeable on the books of a Reserve Bank for Combinable Certificates, on and after the Settlement Date under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified under “Description of the Certificates-Combination and Recombination” in the Prospectus Supplement.

  • As provided in the Trust Agreement, beneficial ownership interests in this Class of Certificates, together with beneficial ownership interests in each Class of Combinable Certificates included in the same Certificate Group, may be exchanged for beneficial ownership interests in the Class or Classes of RCR Certificates included in such Certificate Group.

  • Xxxxxx Mae further intends to reissue hereunder Combinable Certificates in exchange for RCR Certificates, the aggregate of the beneficial interests of the Combinable Certificates issued on any such exchange being equivalent to the beneficial interests in the Related REMIC Classes evidenced by the RCR Certificates so exchanged.

  • Combinable Certificates shall be exchangeable on the books of a Reserve Bank for RCR Certificates, and RCR Certificates shall be exchangeable on the books of a Reserve Bank for Combinable Certificates, on and after the Settlement Date under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified under “Description of the Certificates—Combination and Recombination” in the Prospectus Supplement.

  • Combinable Certificates shall be exchangeable on the books of the Depository for RCR Certificates on and after the Settlement Date under the terms and conditions hereinafter set forth.

  • Upon any such exchange the portions of the Combinable Certificates designated for exchange shall be deemed cancelled and replaced by the RCR Certificate or Certificates issued in exchange therefor.

Related to Combinable Certificates

  • Exchangeable Certificates The Class A-S, Class B, Class C and Class PEX Certificates.

  • Group 2 Certificates As specified in the Preliminary Statement.

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

  • 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 1 Certificates As specified in the Preliminary Statement.

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

  • Distributable Certificate Interest means, with respect to any Class of REMIC III Regular Certificates for any Distribution Date, the sum of (A) Accrued Certificate Interest in respect of such Class for such Distribution Date, reduced (to not less than zero) by (1) any Net Aggregate Prepayment Interest Shortfall allocated on such Distribution Date to such Class pursuant to Section 6.7, (2) with respect to each Class of the Class B, Class C, Class D and Class E Certificates, any Trust Advisor Expenses allocated on such Distribution Date to such Class in reduction of the Distributable Certificate Interest thereon pursuant to Section 6.11, and (3) with respect to each Class of the Class C, Class D and Class E Certificates, any amounts reimbursable in accordance with Section 6.11(c), out of amounts otherwise distributable as interest in respect of such Class, to any more senior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to such more senior Class of Certificates pursuant to Section 6.11, plus (B) if such Distribution Date is subsequent to the initial Distribution Date, any Unpaid Interest in respect of such Class for such Distribution Date, plus (C) in the case of a Class of Principal Balance Certificates, if the Certificate Balances of such Principal Balance Certificates are increased on such Distribution Date in accordance with clause (b) of the definition of “Certificate Balance”, the total amount of interest at the applicable Pass-Through Rate that would have accrued and been distributable with respect to the amount by which the related Aggregate Certificate Balance was so increased, if such Aggregate Certificate Balance had not been reduced by that amount in connection with the allocation of Collateral Support Deficits in the first place and assuming that the reinstatement of Certificate Balance is in reverse chronological order of the original reductions therein, plus (D) in the case of each Class of the Class B, Class C, Class D and Class E Certificates, the amount of any Actual Recoveries of Trust Advisor Expenses allocated in accordance with Section 6.11(c) to such Class of Certificates to increase the Distributable Certificate Interest thereof for such Distribution Date, plus (E) in the case of each Class of the Class B, Class C and Class D Certificates, any amounts reimbursed in accordance with Section 6.11(c) to such Class of Certificates by any more junior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to the subject Class of Certificates pursuant to Section 6.11. Any increase in the Distributable Certificate Interest with respect to any Class of Principal Balance Certificates for any Distribution Date pursuant to clause (C) of the prior sentence shall result in a corresponding reduction of interest payable on unreimbursed allocations of Collateral Support Deficits in respect of such Class of Principal Balance Certificates.

  • Class AA Certificates means Pass Through Certificates issued by the Class AA Pass Through Trust.

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

  • Exchange Certificates Means the pass through certificates substantially in the form of Exhibit A hereto issued in exchange for the Initial Certificates pursuant to the Registration Rights Agreement and authenticated hereunder.

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

  • Corresponding Certificates As identified in the Preliminary Statement with respect to any Lower-Tier Regular Interest or Component.

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

  • Group 4 Certificates As specified in the Preliminary Statement.

  • 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.

  • Applicable Certificate Has the meaning specified in Section 1.01 of this Trust Supplement.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Control Eligible Certificates Any of the Class E, Class F and Class G Certificates.

  • Principal Balance Certificates Each of the Class A-1, Class A-2, Class A-3, Class X-0, Xxxxx X-0, Class A-SB, Class A-S, Class B, Class C, Class D, Class E, Class F and Class NR Certificates.

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

  • Super Senior Certificates As specified in the Preliminary Statement.

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

  • Underlying REMIC Certificates The REMIC Certificates held in the Trust and evidencing beneficial interests in the REMIC Trust. US Bank: U.S. Bank National Association, a national banking association.

  • Senior Certificates As specified in the Preliminary Statement.