Group I Certificate Insurance Policy definition

Group I Certificate Insurance Policy. The certificate guaranty insurance policy No. _____, and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Group I Certificateholders, a copy of which is attached hereto as Exhibit A-1.
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Group I Certificate Insurance Policy. The certificate guaranty insurance policy (number 27555) dated September 21, 1998 issued by the Certificate Insurer to the Trustee for the benefit of the Owners of the Fixed Rate Certificates.
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Group I Certificate Insurance Policy. The Financial Guaranty Insurance Policy No. 51805-N issued by the Group I Certificate Insurer in respect of the Insured Certificates, including any endorsements thereto.
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Examples of Group I Certificate Insurance Policy in a sentence

  • The Holders of the Insured Certificates, by acceptance of their respective Insured Certificates, assign their rights as Holders of such Insured Certificates to the extent of the Group I Certificate Insurer’s interest with respect to amounts paid under the Group I Certificate Insurance Policy.

  • Funds received by the Trust Administrator on behalf of the Trustee as a result of any claim under the Group I Certificate Insurance Policy shall be deposited by the Trust Administrator in the Policy Payments Account and used solely for payment to the Holders of the Insured Certificates and may not be applied to satisfy any costs, expenses or liabilities of the Master Servicer, the Trust Administrator, the Trustee or the Trust Fund.

  • Such notice of such deficiency shall be confirmed in writing in the form set forth as Exhibit A to the Endorsement to the Group I Certificate Insurance Policy, to the Group I Certificate Insurer at or before 12:00 p.m. New York time on the second Business Day prior to such Distribution Date and will be accompanied by sufficient information such that the Group I Certificate Insurer can confirm the deficiency amount.

  • Amounts paid under the Group I Certificate Insurance Policy shall be transferred to the Distribution Account in accordance with the next succeeding paragraph and disbursed by the Trust Administrator to Holders of the Insured Certificates entitled to such amounts in accordance with Section 4.02 (or, in the case of an amount in respect of a Preference Claim, to the related Holders of Insured Certificates as contemplated in Section 13.04(d)).

  • Upon the making of such final deposit and certification to the Trust Administrator by the Auction Purchaser of the delivery of the Group I Certificate Insurance Policy to the Group I Certificate Insurer for cancellation, the Trust Administrator shall promptly release to the Auction Purchaser the Mortgage Files for the remaining Group I Mortgage Loans, and the Trust Administrator shall execute all assignments, endorsements and other instruments necessary to effectuate such transfer.

  • Anything herein to the contrary notwithstanding, any payment with respect to principal of or interest on any Insured Certificate which is made with moneys received pursuant to the terms of the Group I Certificate Insurance Policy shall not be considered payment of such Insured Certificate from the Trust Fund and shall not result in the payment of or the provision for the payment of the principal of or interest on such Insured Certificate within the meaning of Section 4.01.

  • If within one year after the final notice any such Group I Certificates shall not have been surrendered for cancellation, the Trust Administrator shall pay to UBS Securities LLC, all such amounts, and all rights of non-tendering Group I Certificateholders in or to such amounts shall thereupon cease hereunder, under the related Group I Certificates and, if applicable, under the Group I Certificate Insurance Policy.

  • Xxxxxx Title: Officer EXHIBIT A-1 Group I Certificate Insurance Policy CERTIFICATE GUARANTY INSURANCE POLICY OBLIGATIONS: $____________ POLICY NUMBER ______ Southern Pacific Secured Assets Corp.


More Definitions of Group I Certificate Insurance Policy

Group I Certificate Insurance Policy. The certificate guaranty insurance policy (number _____) dated ________________, issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Group I Certificates.
Sample 1Sample 2
Group I Certificate Insurance Policy. The irrevocable Certificate Guaranty Insurance Policy No. 34300, including any endorsements thereto, issued by the Certificate Insurer with respect to the Group I Insured Certificates, in the form attached hereto as Exhibit S-1.
Sample 1

Related to Group I Certificate Insurance Policy

  • Certificate Insurance Policy The Financial Guaranty Insurance Policy No. CA01172A, and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Class AF-3 Certificateholders.

  • Certificate Insurer As defined in the Series Supplement.

  • Group I Certificates The Class A-1 Certificates.

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

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

  • Group III Certificates The Group III-A Certificates.

  • COFI 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.

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

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

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • Insured Certificates The Class A-1 Certificates.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • 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.

  • Certificate Group Each of the Group 1 Certificates and the Group 2 Certificates.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Class A-1 Certificates All Certificates bearing the class designation of "Class A-1".

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Senior Certificate Group As specified in the Preliminary Statement.

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.

  • Certificate Index With respect to each Distribution Date and the LIBOR Certificates, the rate for one month United States dollar deposits quoted on Telerate Page 3750 as of 11:00 A.M., London time, on the related Interest Determination Date relating to each Class of LIBOR Certificates. If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be reasonably selected by the Trust Administrator after consultation with DLJMC), the rate will be the Reference Bank Rate. If no such quotations can be obtained and no Reference Bank Rate is available, the Certificate Index will be the Certificate Index applicable to the preceding Distribution Date. On the Interest Determination Date immediately preceding each Distribution Date, the Trust Administrator shall determine the Certificate Index for the Accrual Period commencing on such Distribution Date and inform the Master Servicer and each Servicer of such rate.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of January 30, 2008 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer"), axx XXBC Bank USA, National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and, subject to the prior rights of the Group I-A Certificates (and related Exchangeable Certificates), the Class I-A-PO Component and each Class of Group I-B Certificates bearing a lower numerical designation as specified in the Agreement, any Class I-B-3 Distribution Amount required to be distributed to Holders of the Class I-B-3 Certificates on such Distribution Date, subject to adjustment, in certain events, as specified in the Agreement. The pass-through rate on the Class I-B-3 Certificates applicable to each Distribution Date will be 6.000% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and any Relief Act Shortfall allocated to the Class I-B-3 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • 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%.