Examples of Group 2 Certificates in a sentence
The Class L-B Subordinate Certificates provide, to the limited extent described in the Prospectus Supplement, credit support, to the Group 1 and Group 2 Certificates.
If the proceeds with respect to the Group 2 Mortgage Loans are not sufficient to pay all of the Group 2 Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, and then to the Group 2 Senior Certificates on a pro rata basis.
The Group 2 Net WAC Reserve Fund will be part of the Trust Fund but not part of any REMIC and any payments to the Group 2 Certificates of Net WAC Rate Carryover Amounts with respect to any Class of Group 2 Certificates will not be payments with respect to a “regular interest” in a REMIC within the meaning of Code Section 860G(a)(1).
A fund created as part of the Trust Fund pursuant to Section 5.06 of this Agreement but which is not an asset of any of the REMICs for the benefit of the Group 2 Certificates.
Reductions in the Group 1 and Group 2 Interest Remittance Amounts will be applied to the Group 1 and Group 2 Certificates, respectively, pro rata, based on the amount of interest due to each such class.