Group 1 Subordinate Certificates definition

Group 1 Subordinate Certificates. The Class 1-B1 Certificates, the Class 1-B2 Certificates, the Class 1-B3 Certificates, the Class 1-B4 Certificates, the Class 1-B5 Certificates and the Class 1-B6 Certificates.

Group 1 Subordinate Certificates. As set forth in the Preliminary Statement.

Group 1 Subordinate Certificates. The Class I-B-1, Class I-B-2, Class I-B-3, Class I-B-4, Class I-B-5 and Class I-B-6 Certificates.

Examples of Group 1 Subordinate Certificates in a sentence

• The Applied Loss Amount for any Distribution Date shall be applied by reducing the Class Principal Balance of each Class of Group 1 Subordinate Certificates (other than the Class 1-X Certificates) beginning with the Class of Group 1 Subordinate Certificates then outstanding with the lowest relative payment priority, in each case until the respective Class Principal Balance thereof is reduced to zero.

• Any increase to the Class Principal Balance of a Class of Group 1 Subordinate Certificates shall increase the Certificate Balance of the related Class pro rata in accordance with each Percentage Interest.

• Any Applied Loss Amount allocated to a Class of Group 1 Subordinate Certificates shall be allocated among the Group 1 Subordinate Certificates of such Class in proportion to their respective Percentage Interests.

• Subordinate Certificates The Group 1 Subordinate Certificates and Group D-B Certificates.

• Subordinate Certificates The Group 1 Subordinate Certificates and Group 2 Subordinate Certificates.

• Group 1 Subordinate Certificates The Group 1 Mezzanine Certificates and the Class 1-C Certificates.

• If the proceeds with respect to the Group 1 Mortgage Loans are not sufficient to pay all of the Group 1 Certificates in full, any such deficiency will be allocated first, to the Group 1 Subordinate Certificates, in inverse order of their numerical designation, and then to the Group 1 Senior Certificates.

• The Group 1 Senior, Group 1 Mezzanine and Group 1 Subordinate Certificates.

• The Applied Loss Amount for any Distribution Date shall be applied by reducing the Class Principal Balance of each Class of Group 1 Subordinate Certificates (other than the Class X Certificates) beginning with the Class of Group 1 Subordinate Certificates then outstanding with the lowest relative payment priority, in each case until the respective Class Principal Balance thereof is reduced to zero.

• The Class Balance of the Group 1 Subordinate Certificates then outstanding most subordinate in order of payment priority shall be reduced or increased on each Distribution Date by the amount, if any, necessary such that the aggregate of the Class Balances of all outstanding Classes of Group 1 Senior Certificates and Group 1 Subordinate Certificates equals the Adjusted Pool Amount for Loan Group 1 for such Distribution Date.

More Definitions of Group 1 Subordinate Certificates

Group 1 Subordinate Certificates. The Class MF-1, Class MF-2, Class BF-1 and Class BF-2

Group 1 Subordinate Certificates. The Group 1 Mezzanine Certificates and the Class 1-CE Certificates.

Group 1 Subordinate Certificates. Collectively, the Class 1-M1, Class 1-M2, Class 1-M3, Class 1-M4, Class 1-M5, Class 1-M6, Class 1-M7 and Class 1-M8 Certificates.

Group 1 Subordinate Certificates. The Group 1 Class B Certificates.

Group 1 Subordinate Certificates. Collectively, the Class 1-M1, Class 1-M2, Class 1-M3, Class 1-M4 and Class 1-M5 Certificates. Group 2 Subordinate Certificates: Collectively, the Class 2-M1, Class 2-M2, Class 2-M3, Class 2-M4 and Class 2-M5 Certificates. Holder or Certificateholder: The registered owner of any Certificate as recorded on the books of the Certificate Registrar except that, solely for the purposes of taking any action or giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor, the Trustee, the Master Servicer, the Securities Administrator, any Servicer or the Credit Risk Manager or any Affiliate thereof shall be deemed not to be outstanding in determining whether the requisite percentage necessary to effect any such consent has been obtained, except that, in determining whether the Trustee shall be protected in relying upon any such consent, only Certificates which a Responsible Officer of the Trustee knows to be so owned shall be disregarded. The Trustee and any NIMS Insurer may request and conclusively rely on certifications by the Depositor, the Master Servicer, the Securities Administrator, the applicable Servicer or the Credit Risk Manager in determining whether any Certificates are registered to an Affiliate of the Depositor, the Master Servicer, the Securities Administrator, any Servicer or the Credit Risk Manager. After a Section 7.01(c) Purchase Event, other than in Sections 5.02(b) through (j) and 11.03(a) and (b) and, except in the case of the Class LT-R Certificates, Sections 3.03, 3.04, 3.05, 3.06, 3.07 and 3.09 herein, all references in this Agreement to “Holder” or “Certificateholder” shall be deemed to be references to the LTURI-holder, as recorded on the books of the Certificate Registrar, as holder of the Lower Tier Uncertificated REMIC 1 Regular Interests.