Group 9 Certificates definition

Group 9 Certificates. As specified in the Preliminary Statement.

Group 9 Certificates. The Class 28-S Certificates and the Classes of Certificates specified in Section 3.02 under the heading “Group 9 Distribution Amount”.

Group 9 Certificates. The Class 9-A-1, Class 9-A-2, Class 9-A-3, Class 9-A-4, Class 9-M-1, Class 9-M-2, Class 9-M-3 and Class 9-X Certificates. Group 9 Optimal Interest Remittance Amount: For any Distribution Date and Loan Group 9A and Loan Group 9B, the excess of (i) the product of (1) (x) the weighted average of the Net Mortgage Rates of the Mortgage Loans in such Loan Group as of the first day of the related Collection Period divided by (y) 12 and (2) the Aggregate Collateral Balance for the immediately preceding Distribution Date (excluding any such Mortgage Loans that were subject to a Payoff, the principal of which was distributed on the Distribution Date preceding the current Distribution Date), over (ii) any expenses that reduce the Interest Remittance Amount that did not arise as a result of a default or delinquency of the Mortgage Loans in such Loan Group or were not taken into account in computing the Expense Fee Rate.

Examples of Group 9 Certificates in a sentence

• The Applied Loss Amount with respect to the Group 9 Certificates for any Distribution Date shall be applied by reducing the Class Principal Balance of each Class of Group 9 Subordinate Certificates beginning with the Class of Group 9 Subordinate Certificates then outstanding, other than the Class 9-X Certificates, with the lowest relative payment priority, in each case until the respective Class Principal Balance thereof is reduced to zero.

• Group 9 Certificates The Class 9-A-1 and Class 9-A-2 Certificates.

• Group 9 Certificates The Class 9-A-1, Class 9-A-2, Class 9-A-3, Class 9-A-4 and Class 9-A-5 Certificates.

• Any Applied Loss Amount with respect to the Group 9 Certificates allocated to a Class of Group 9 Subordinate Certificates shall be allocated among the Group 9 Subordinate Certificates of such Class in proportion to their respective Percentage Interests.

• Group 9 Certificates The Class 9-A-1, Class 9-A-2 and Class 9-A-3 Certificates.

• Amounts on deposit in the Group 9 Basis Risk Reserve Fund can be withdrawn by the Trust Administrator in connection with any Distribution Date to fund the amounts required to be distributed to holders of the Group 9 Certificates in respect of any Basis Risk Shortfalls for such Certificates.

• Amounts on deposit in the Group 9 Basis Risk Reserve Fund can be withdrawn by the Trust Administrator in connection with any Distribution Date to fund the amounts required to be distributed to holders of the Group 9 Certificates (other than the Class 9-X Certificates) in respect of any Basis Risk Shortfalls.

• In the event that, as to any Trust MBS, there shall be a Default Under the MBS Trust Indenture or an Event of Default Under the MBS Trust Indenture, the Holders of Group 9 Certificates may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such MBS Trust Indenture shall be permitted to take in respect thereof.

More Definitions of Group 9 Certificates

Group 9 Certificates. The Classes designated as such in the table in Section 3.01 hereof.