Group 4 Subordinate Certificates definition

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

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

Group 4 Subordinate Certificates. As set forth in the Preliminary Statement. Hemisphere: Hemisphere National Bank, and its successors and assigns.

Examples of Group 4 Subordinate Certificates in a sentence

• Any such Component P Deferred Payment Writedown Amount with respect to Component P-1 and Component P-2 or Component P-3 or Component P-4 shall effect a corresponding reduction in the Current Principal Amount of the Group B Subordinate Certificates, Group 3 Subordinate Certificates or Group 4 Subordinate Certificates, respectively, in the reverse order of their numerical Class designations.

• As a result of the subordination of each Group of Subordinate Certificates in right of distribution, such Realized Losses will be borne first by the Group 1-2 Subordinate Certificates (with respect to Group 1 and Group 2 Mortgage Loans), Group 3 Subordinate Certificates (with respect to Group 3 Mortgage Loans) and Group 4 Subordinate Certificates (with respect to Group 4 Mortgage Loans), respectively, in inverse order of their numerical Class designations.

• An owner unaffiliated with the Company, the Servicer or the Master Servicer of (i) a 100% interest in the Class of Group L-B Certificates with the lowest priority, (ii) a 100% interest in the Class of Group 4 Subordinate Certificates with the lowest priority or (iii) a 100% interest in a class of securities representing such interest in such Class specified in clause (i) or (ii) above.

• Subject to Section 6.02(c), the Senior Certificates and the Group 4 Senior Certificates (other than the Classes Residual Certificates) and each Class of Subordinate Certificates and Group 4 Subordinate Certificates shall be Book-Entry Certificates.

More Definitions of Group 4 Subordinate Certificates

Group 4 Subordinate Certificates. Collectively, the Class 4B-1 Certificates, Class 4-B2 Certificates, Class 4-B3 Certificates, Class 4-B4 Certificates, Class 4-B5 Certificates and Class 4-B6 Certificates.