Examples of Group I Mezzanine Certificates in a sentence
On each such Distribution Date, the Securities Administrator shall hold all such amounts for the benefit of the Holders of the Group I Senior Certificates and the Group I Mezzanine Certificates, and will distribute such amounts to the Holders of the Group I Senior Certificates and the Group I Mezzanine Certificates in the amounts and priorities set forth in Section 4.1(a)(iv).
The Reserve Fund will be part of the Trust Fund but not part of any REMIC and any payments to the Holders of the Group I Senior Certificates or the Group I Mezzanine Certificates of Net WAC Rate Carryover Amounts will not be payments with respect to a “regular interest” in a REMIC within the meaning of Code Section 860(G)(a)(1).
Upon the termination of the Trust Fund, or the payment in full of the Group I Senior Certificates and the Group I Mezzanine Certificates, all amounts remaining on deposit in the Reserve Fund will be released by the Trust Fund and distributed to the Class I-CE Certificateholders or their designees.
The Master Servicer and the Custodian shall provide and the Master Servicer shall cause each Servicer to provide in accordance with the related Servicing Agreement to the OTS and the FDIC and to comparable regulatory authorities supervising Holders of Group I Mezzanine Certificates and the examiners and supervisory agents of the OTS, the FDIC and such other authorities, access to the documentation regarding the Mortgage Loans required by applicable regulations of the OTS and the FDIC.
In addition, to the extent the Servicer receives Subsequent Recoveries with respect to any defaulted Group I Loan, the amount of the Realized Loss with respect to that defaulted Group I Loan will be reduced to the extent such Subsequent Recoveries are applied to increase the Certificate Principal Balance of any Class of Group I Mezzanine Certificates on any Distribution Date.
The Group I Reserve Fund will be part of the Trust Fund but not part of any REMIC and any payments to the Holders of the Group I Senior Certificates or the Group I Mezzanine Certificates of Net WAC Rate Carryover Amounts will not be payments with respect to a “regular interest” in a REMIC within the meaning of Code Section 860(G)(a)(1).
Plaintiff disputes that it could have voluntarily paid fees which were “taken out of its account,” and which Defendant refused to refund, after inquiry by Plaintiff.
On each such Distribution Date, the Securities Administrator shall hold all such amounts for the benefit of the Holders of the Group I Senior Certificates (other than the Class I-A-IO Certificates) and the Group I Mezzanine Certificates, and will distribute such amounts to the Holders of the Group I Senior Certificates (other than the Class I-A-IO Certificates) and the Group I Mezzanine Certificates in the amounts and priorities set forth in the last paragraph of Section 4.1(c).
For federal tax return and information reporting, the right of the Holders of the Group I Senior Certificates (other than the Class I-A-1 Certificates) and the Group I Mezzanine Certificates to receive payments from the related Reserve Fund in respect of any Net WAC Rate Carryover Amount shall be assigned a value of $0.00.
Notwithstanding the foregoing, on any Distribution Date after the Certificate Principal Balances of the Group I Mezzanine Certificates have been reduced to zero, the Senior Principal Distribution Amount for that Distribution Date will be allocated among the Group I Senior Certificates concurrently and on a pro rata basis, based on the Certificate Principal Balance of each such Class.