Examples of Group I Offered Certificates in a sentence
All such Permitted Investments shall be made in the name of the Supplemental Interest Trust Trustee, for the benefit of the Supplemental Interest Trust, on behalf of the Holders of the Group I Offered Certificates.
A separate trust is hereby established (the “Supplemental Interest Trust”), the corpus of which shall be held by the Supplemental Interest Trust Trustee in trust for the benefit of the holders of the Group I Offered Certificates.
The Transferor, the Depositor, the Master Servicer, the Trustee and the Holders of the Group I Offered Certificates by their acceptance of such Certificates acknowledge and agree that the Supplemental Interest Trust Trustee shall execute, deliver and perform its obligations under each of the Group I Cap 1 Agreement, the Group I Cap 2 Agreement and the Group I Swap Agreement and shall do so solely in its capacity as Supplemental Interest Trust Trustee, and not in its individual capacity.
The aggregate amount of principal allocated to the Group I REMIC II Regular Interests (other than the Class II-QF Interests) shall be apportioned among such Group I REMIC II Regular Interests in the same manner in which principal is payable with respect to the Group I Offered Certificates, respectively.
Pursuant to Section 6.01, on the initial Distribution Date, amounts on deposit in the Adjustable Rate Supplemental Fund will be withdrawn from the Adjustable Rate Supplemental Fund and paid to the Group I Offered Certificates to the extent that Current Interest on the Group I Offered Certificates on the initial Distribution Date is reduced by application of the related Net Rate Cap on such initial Distribution Date.
Amounts in the Reserve Fund held in trust for the benefit of the Holders of the Group I Offered Certificates (other than the Holders of the Class X Certificates and the Grantor Trust Certificates), the Underlying Class I-A-2 Certificates and Class I-B-IO Certificateholders shall, at the written direction of the Class I-B-IO Certificateholders, be invested in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date.
All monies earned on amounts on deposit in the Reserve Fund held in trust for the benefit of the Holders of the Group I Offered Certificates (other than the Class X Certificates and the Grantor Trust Certificates), the Underlying Class I-A-2 and Class I-B-IO Certificateholders shall be taxable to the Class I-B-IO Certificateholders.
All Cap Contract Payment Amounts received from Cap Contracts and the amounts described in the Ninth and Tenth clauses of Section 6.01(a) deposited to the Reserve Fund shall be held by the Securities Administrator in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Holders of the Group I Offered Certificates and the Class I-B-3 Certificates, as applicable, and the Class B-IO Certificateholders in accordance with the terms and provisions of this Agreement.
SECOND, the Principal Distribution Amount with respect to Loan Group I for any Distribution Date shall be distributed to the Group I Offered Certificates and Class I-B-4 Certificates, on a pro rata basis, based on the Certificate Principal Balance of each such Class, until the Certificate Principal Balances thereof have been reduced to zero.
With respect to each Distribution Date and each Class of Group I Offered Certificates (other than the Class X Certificates) and the Group II Offered Certificates and the Class II-B-5 Certificates, interest shall be calculated on the basis of a 360-day year and the actual number of days elapsed, in each case, based upon the respective Pass-Through Rate set forth, or determined as provided, above and the Current Principal Amount of such Class applicable to such Distribution Date.