Group 4 Senior Certificates definition

Group 4 Senior Certificates. As specified in the Preliminary Statement.

Group 4 Senior Certificates. The Class IV-A Certificates.

Group 4 Senior Certificates. As specified in the Preliminary Statement. Index: Not applicable.

Examples of Group 4 Senior Certificates in a sentence

• The Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates or the Group 4 Senior Certificates, as applicable.

• If the proceeds with respect to the Group 4 Mortgage Loans are not sufficient to pay all of the Group 4 Senior Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, then to the Senior Mezzanine Certificates, and then to the Group 4 Senior Certificates on a pro rata basis.

• Senior Certificate Group....................The Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates or the Group 4 Senior Certificates, as applicable.

• On any Distribution Date, the lesser of (i) 100% and (ii) the percentage (carried to six places rounded up) obtained by dividing the aggregate Current Principal Amount of the Group 4 Senior Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Group 4 Mortgage Loans as of the beginning of the related Due Period.

• Group 1 Senior Certificates, Group 2 Senior Certificates, Group 3 Senior Certificates and Group 4 Senior Certificates, as applicable.

More Definitions of Group 4 Senior Certificates

Group 4 Senior Certificates. The Class 4-A-1, Class 4-A-2, Class 4-A-3, Class 4-A-4, Class 4-A-5, Class 4-A-6, Class 4-A-7 and Class 4-A-8 Certificates.

Group 4 Senior Certificates. The Class 4-A and class 4-X Certificates and Component P-4.

Group 4 Senior Certificates. The Class IV-A Certificates. GROUP 1 SENIOR OPTIMAL PRINCIPAL AMOUNT, GROUP 2 SENIOR OPTIMAL PRINCIPAL AMOUNT, GROUP 3 SENIOR OPTIMAL PRINCIPAL AMOUNT OR GROUP 4 SENIOR OPTIMAL PRINCIPAL AMOUNT: As to any Distribution Date, an amount equal to the sum, without duplication, of:

Group 4 Senior Certificates. The Class IV-A, Class R-I, Class R-II and Class R-III Certificates. GROUP 5 SENIOR CERTIFICATES: The Class V-A Certificates.

Group 4 Senior Certificates. As set forth in the Preliminary Statement. Group 4 Senior Enhancement Percentage: For any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the sum of the aggregate Class Principal Balance of the Class 4-M Certificates, the Class 4-B-1 Certificates and the Overcollateralization Amount (which, for purposes of this definition only, shall not be less than zero), in each case after giving effect to payments on such Distribution Date (assuming no Trigger Event has occurred), and the denominator of which is the Aggregate Loan Group Balance for Loan Group 4 for such Distribution Date.

Group 4 Senior Certificates. As specified in the Preliminary Statement. Group 4 Weighted Average Initial Adjustment Date: May 2005.

Group 4 Senior Certificates. The Class IV-A Certificates. GROUP 1 SENIOR MEZZANINE AND SUBORDINATE PERCENTAGE: On any Distribution Date, 100% minus the Group 1 Senior Percentage.