Conventional Certificate definition

Conventional Certificate. A conventional mortgage pass through certificate administered by the Administrator for a particular Series (or one of the Administrators if there is more than one for a particular Series) and representing a fractional undivided interest in a pool of conventional mortgage loans secured by single family (one-to-four unit) or multifamily residences, which certificate is Granted to the Trustee under this Indenture and the related Series Supplement as security for such Series. The term "outstanding Conventional Certificates" as of any date means the Conventional Certificates other than the Conventional Certificates which have been fully paid as of such date.
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Conventional Certificate. A conventional mortgage pass-through certificate serviced or administered by the Conventional Certificate Servicer for a particular Series (or one of the Conventional Certificate Servicers if there is more than one for a particular Series) and representing a fractional undivided interest in a pool of conventional mortgage loans secured by one- to four-family residences, which certificate is Granted to the Trustee under the Indenture and the related Terms Indenture as security for such Series. The term "outstanding Conventional Certificates" as of any date means the Conventional Certificates other than the Conventional Certificates which have been fully paid as of such date.
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Examples of Conventional Certificate in a sentence

  • The Group 1 Bonds are related to Mortgage Loan Group 1 which is represented by Conventional Certificate 1998-1A.

  • The Group 2 Bonds are related to Mortgage Loan Group 2 which is represented by Conventional Certificate 1998-1B.

  • The Group 3 Bonds are related to Mortgage Loan Group 3 which is represented by Conventional Certificate 1998-1C.

Related to Conventional Certificate

  • Provisional certificate shall have the meaning as set forth in Clause 12.2; “Punch List”shall have the meaning as set forth in Clause 12.2.1;

  • Notional Certificate Any Class A-IO Certificate.

  • Final Certificate in relation to the work shall mean the certificate regarding the satisfactory compliance, performance and fulfillment of all Contractual Obligations as issued by the Head of SBU & PC – Rock Phosphate.

  • medical certificate means a certificate signed by a medical practitioner.

  • Official certificate means any form of certification, either written or print- ed (including that prescribed in § 58.18) used under the regulations in this sub- part to certify with respect to the in- spection of dairy processing plants and the inspection, class, grade, quality, size, quantity, or condition of products (including the compliance of products and packaging material with applica- ble specifications).

  • Supplemental Certificate shall have the meaning specified in Section 6.03.

  • Additional Certificates has the meaning specified in Section 8.01(d).

  • Physical Certificate As specified in the Preliminary Statement.

  • Digital Certificate means an electronic device used to verify identity or protect electronic messages.

  • Environmental Certificate shall have the meaning set forth in Section 12.2.1.

  • Class L Certificate means any of the Certificates with a "Class L" 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.

  • Individual Certificate Any Private Certificate registered in the name of the Holder other than the Depository or its nominee.

  • Initial Certification As defined in Section 2.02(a) hereof.

  • Residual Certificate The Class R Certificate.

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

  • Private Certificate As specified in the Preliminary Statement.

  • Final Certification As defined in Section 2.02(a) hereof.

  • Physical Certificates As specified in the Preliminary Statement.

  • type-approval certificate means the document whereby the approval authority officially certifies that a type of vehicle, system, component or separate technical unit is approved;

  • Class B Certificate Any one of the Certificates designated as a Class B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate.

  • Class S 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-22 hereto and evidencing an undivided beneficial interest in the Class S Specific Grantor Trust Assets. The Class S Certificates have no Pass-Through Rate, Certificate Balance or Notional Amount.

  • Accrual Certificates As specified in the Preliminary Statement.

  • Initial Certificate Transfer Opinion means an opinion rendered by nationally recognized tax counsel (i) upon the initial transfer by the Depositor of a Certificate that results in the Issuer being treated as a partnership for United States federal income tax purposes and (ii) while any Note retained by the Issuer or a Person that is considered the same Person as the Issuer for United States federal income tax purposes is outstanding that (x) such Note will be debt for United States federal income tax purposes or (y) the transfer by the Depositor of such Certificate will not cause the Issuer to be treated as an association or publicly traded partnership taxable as a corporation.

  • Seller Certificate means a certificate of transfer delivered in connection with the transfer of a Trust Certificate pursuant to Section 3.04(a), substantially in the form of Exhibit B.

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.

  • Class A-AB 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-5 hereto.