Group I Certificate Account definition

Group I Certificate Account. The Certificate Account established with respect to the Group I Certificates in accordance with Section 6.01(a) hereof and maintained by the Trustee.
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Group I Certificate Account. The custodial account or accounts created and maintained pursuant to Section 5.05 with respect to the Group I Contracts.
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Group I Certificate Account. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.05 in the name of the Trustee for the benefit of the Holders of the Group I Certificates and the Insurer. Funds in the Group I Certificate Account shall be held in trust for the aforementioned Certificateholders and the Insurer for the uses and purposes set forth in this Agreement.
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Examples of Group I Certificate Account in a sentence

  • The Trustee shall deposit in the Group I Certificate Account any amounts received from the Hedge Counterparty pursuant to the Hedge Agreement.

  • CERTIFICATE ACCOUNT: Either the Group I Certificate Account or the ------------------- Group II Certificate Account, as the context requires.

  • The foregoing withdrawals from the Group I Certificate Account may be prior to the distribution of any amounts to Certificateholders on any Distribution Date.

  • Funds in the Group I Certificate Account shall be held in trust for the aforementioned Certificateholders for the uses and purposes set forth in this Agreement.

  • On the Closing Date the Company will also deposit the Special Deposit in the Group I Certificate Account.

  • The Co-Trustee shall remit to the Trustee for deposit in the Group I Certificate Account or Group II Certificate Account, as applicable, all Enhancement Payments made pursuant to Section 5.08 and received by the Co-Trustee from the Insurer.

  • The Trustee shall deposit in the Group I Certificate Account or Group II Certificate Account, as applicable, all Radian Enhancement Payments received from the Co-Trustee and all Ambac Enhancement Payments made by Ambac pursuant to Section 5.08.

  • In accordance with the foregoing, the ownership interest of the Class II S and Class R Certificateholders in amounts deposited in the Group I Certificate Account and Group II Certificate Account from time to time shall not vest unless and until such amounts are distributed in respect of the Class II S and Class R Certificates in accordance with the terms of this Agreement.

  • In addition, the Trustee shall deposit into the Group I Certificate Account all income and gain on investments in the Group I Pre-Funding Account and shall deposit into the Group II Certificate Account all income and gain on investments in the Group II Pre-Funding Account pursuant to Section 6.12.

  • The Trustee shall deposit in the Group I Certificate Account or Group II Certificate Account, as applicable, all Enhancement Payments received from the Co-Trustee.

Related to Group I Certificate Account

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Group II Certificates The Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates.

  • Group I Certificates The Class A-1 Certificates.

  • Group III Certificates The Group III-A Certificates.

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Class A Certificate Group The Group I Class A Certificates or the Group II Class A Certificates, as applicable.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Distributable Certificate Interest means, with respect to any Class of REMIC III Regular Certificates for any Distribution Date, the sum of (A) Accrued Certificate Interest in respect of such Class for such Distribution Date, reduced (to not less than zero) by (1) any Net Aggregate Prepayment Interest Shortfall allocated on such Distribution Date to such Class pursuant to Section 6.7, (2) with respect to each Class of the Class B, Class C, Class D and Class E Certificates, any Trust Advisor Expenses allocated on such Distribution Date to such Class in reduction of the Distributable Certificate Interest thereon pursuant to Section 6.11, and (3) with respect to each Class of the Class C, Class D and Class E Certificates, any amounts reimbursable in accordance with Section 6.11(c), out of amounts otherwise distributable as interest in respect of such Class, to any more senior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to such more senior Class of Certificates pursuant to Section 6.11, plus (B) if such Distribution Date is subsequent to the initial Distribution Date, any Unpaid Interest in respect of such Class for such Distribution Date, plus (C) in the case of a Class of Principal Balance Certificates, if the Certificate Balances of such Principal Balance Certificates are increased on such Distribution Date in accordance with clause (b) of the definition of “Certificate Balance”, the total amount of interest at the applicable Pass-Through Rate that would have accrued and been distributable with respect to the amount by which the related Aggregate Certificate Balance was so increased, if such Aggregate Certificate Balance had not been reduced by that amount in connection with the allocation of Collateral Support Deficits in the first place and assuming that the reinstatement of Certificate Balance is in reverse chronological order of the original reductions therein, plus (D) in the case of each Class of the Class B, Class C, Class D and Class E Certificates, the amount of any Actual Recoveries of Trust Advisor Expenses allocated in accordance with Section 6.11(c) to such Class of Certificates to increase the Distributable Certificate Interest thereof for such Distribution Date, plus (E) in the case of each Class of the Class B, Class C and Class D Certificates, any amounts reimbursed in accordance with Section 6.11(c) to such Class of Certificates by any more junior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to the subject Class of Certificates pursuant to Section 6.11. Any increase in the Distributable Certificate Interest with respect to any Class of Principal Balance Certificates for any Distribution Date pursuant to clause (C) of the prior sentence shall result in a corresponding reduction of interest payable on unreimbursed allocations of Collateral Support Deficits in respect of such Class of Principal Balance Certificates.

  • REMIC I Certificates The Class R-I Certificates.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.

  • REMIC III CERTIFICATES has the meaning set forth in the final paragraph of the Preliminary Statement hereto.

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Class X Certificates All Certificates bearing the class designation of "Class X".

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • REMIC II Certificate Any Regular Certificate or Class R Certificate.

  • Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Class A-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.