Examples of Group 2 Subordinate Certificates in a sentence
Subordinate Certificates The Group 1 Subordinate Certificates and Group 2 Subordinate Certificates.
Group 2 Subordinate Certificates The Group 2 Mezzanine Certificates and the Class 2-C 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 Group 2 Subordinate Certificates, in inverse order of their numerical designation, and then to the Group 2 Senior Certificates on a pro rata basis.
Group 2 Certificates The Group 2 Senior Certificates and Group 2 Subordinate Certificates.
The Applied Loss Amount for any Distribution Date shall be applied by reducing the Class Principal Balance of each Class of Class II-B Certificates and Class II-M Certificates beginning with the Class of Group 2 Subordinate Certificates then outstanding with the lowest relative payment priority, in each case until the respective Class Principal Balance thereof is reduced to zero.
Such Applied Loss Amount for any Distribution Date shall be applied by reducing the Class Principal Balance of each Class of Group 1 and Group 2 Subordinate Certificates beginning with the Class of Subordinate Certificates then outstanding with the lowest relative payment priority, in each case until the respective Class Principal Balance thereof is reduced to zero.
As a result of the subordination of the, Group 1 Subordinate Certificates, Group 2 Subordinate Certificates and Group 3 Subordinate Certificates, respectively, in right of distribution, such Realized Losses on the Group 1 Mortgage Loans, the Group 2 Mortgage Loans and the Group 3 Mortgage Loans, will be borne first by the Group 1 Subordinate Certificates, Group 2 Subordinate Certificates and Group 3 Subordinate Certificates, respectively, in inverse order of their numerical Class designations.
Group 2 Subordinate Certificates: Any of the Class 2B1, Class 2B2, Class 2B3, Class 2B4, Class 2B5 and Class 2B6 Certificates.
Each of Fitch and S&P; provided, that with respect to the Group 1 Subordinate Certificates and the Group 2 Subordinate Certificates, Fitch will be the sole Rating Agency.
Such Reduced Applied Loss Amount for any Distribution Date shall be applied by reducing the Class Principal Balance of each Class of Group 1 and Group 2 Subordinate Certificates beginning with the Class of Subordinate Certificates then outstanding with the lowest relative payment priority, in each case until the respective Class Principal Balance thereof is reduced to zero.