Examples of Group 1 Certificates in a sentence
The Group 1 Net WAC Reserve Fund will be part of the Trust Fund but not part of any REMIC and any payments to the Group 1 Certificates of Net WAC Rate Carryover Amounts with respect to any Class of Group 1 Certificates will not be payments with respect to a “regular interest” in a REMIC within the meaning of Code Section 860G(a)(1).
On each Distribution Date as to which there is Net WAC Rate Carryover Amount for any Class of Group 1 Certificates, the Trustee is hereby directed to, and shall therefore, deposit into the Group 1 Net WAC Reserve Fund an amount equal to the Net WAC Rate Carryover Amount for each affected Class of Group 1 Certificates pursuant to Section 4.01(a)(3)(v).
Notwithstanding the foregoing, no such transfer or assignment (including a transfer or assignment made pursuant to Section 6(b)(ii)) shall be made unless the transferring party obtains a written acknowledgment from each of the Rating Agencies that, notwithstanding such transfer or assignment, the then-current ratings of the Group 1 Certificates will not be reduced or withdrawn.
Upon the termination of the Trust Fund, or the payment in full of the Group 1 Certificates, all amounts remaining on deposit in the Group 1 Net WAC Reserve Fund will be distributed to the Class C-1 Certificateholders or their designees.
The Group 1 Certificates, the Group 2 Certificates or the Group 3 Certificates, as applicable.