Group I Mezzanine Certificates definition

Group I Mezzanine Certificates. The Class I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class I-M-6, Class I-M-7, Class I-M-8, Class I-M-9 and Class I-M-10 Certificates, collectively, and designated as such on the face thereof in substantially the form attached hereto as Exhibit A-6.
Group I Mezzanine Certificates. As specified in the Preliminary Statement.
Group I Mezzanine Certificates. The Class I-M-1, Class I-M-2 and Class I-M-3 Certificates.

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.


More Definitions of Group I Mezzanine Certificates

Group I Mezzanine Certificates. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date (as hereinafter defined) shall be a rate per annum equal to the lesser of (i) [___]%; provided, however, such rate shall be increased to ____% on each Distribution Date (as hereinafter defined) following the Distribution Date on which the aggregate principal balance of the Group I Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate principal balance of the Group I Loans as of the Cut-off Date and (ii) the applicable Net WAC Pass-Through Rate for such Distribution Date. The Securities Administrator will distribute on the 25th day of each month, or, if such 25th day is not a Business Day, the immediately following Business Day (each, a "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 last Business Day of the calendar month preceding the month of such Distribution Date, an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount (of interest and principal, if any) required to be distributed to the Holders of Certificates of the same Class as this Certificate. Any such distributions will be made by wire transfer in immediately available funds to the account of such Person or by any other means of payment acceptable to such Person. The last scheduled Distribution Date is the Distribution Date in the month specified above as the Final Distribution Date.]
Group I Mezzanine Certificates. Any Class MF-1 Certificates, Class MF-2 Certificates, Class MF-3 Certificates, Class MF-4 Certificates or Class MF-5 Certificates.
Group I Mezzanine Certificates. The Class M-I-1 Certificates, the Class M-I-2 Certificates and the Class B-I Certificates.

Related to Group I Mezzanine Certificates