Group I Subordinate Certificates definition

Group I Subordinate Certificates. The Class I-B1 Certificates, the Class I-B2 Certificates, the Class I-B3 Certificates, the Class I-B4 Certificates, the Class I-B5 Certificates and the Class I-B6 Certificates.

Group I Subordinate Certificates. The Class I-B-1, Class I-B-2, Class I-B-3, Class I-B-4, Class I-B-5 and Class I-B-6 Certificates.

Group I Subordinate Certificates. The Group I Offered Subordinate Certificates and Group I Non-Offered Certificates.

Examples of Group I Subordinate Certificates in a sentence

• If, after taking into account such Subsequent Recoveries, the amount of a Realized Loss is reduced, the amount of such Subsequent Recoveries will be applied to increase the Certificate Principal Balance of the Class of Group I Subordinate Certificates with the highest payment priority to which Applied Realized Loss Amounts have been allocated, but not by more than the amount of Applied Realized Loss Amounts previously allocated to that Class of Group I Subordinate Certificates.

• Notwithstanding the foregoing, any Subsequent Recoveries will be allocated to the Group I Senior Certificates to the extent of any Applied Realized Loss Amounts before being applied to the Group I Subordinate Certificates.

• For any Distribution Date, a percentage obtained by dividing (x) the sum of (i) the aggregate Certificate Principal Balance of the Group I Subordinate Certificates and (ii) the Overcollateralization Amount, in each case prior to the distribution of the Principal Distribution Amount on such Distribution Date, by (y) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the end of the related Due Period.

• As a result of the subordination of the Group I Subordinate Certificates and Group II Subordinate Certificates in right of distribution, such Realized Losses on the Group I Mortgage Loans and Group II Mortgage Loans will be borne by the Group I Subordinate Certificates and Group II Subordinate Certificates, respectively, in inverse order of their numerical Class designations.

• If the proceeds with respect to the Group I-2 Mortgage Loans are not sufficient to pay all of the Group I-2 Senior Certificates in full, any such deficiency will be allocated first, to the Group I Subordinate Certificates, in inverse order of their numerical designation and then to the Group I-2 Senior Certificates on a pro rata basis.

More Definitions of Group I Subordinate Certificates

Group I Subordinate Certificates. As set forth in the Preliminary Statement.

Group I Subordinate Certificates means collective reference to the Class MF-1 Certificates, the Class MF-2 Certificates and the Class BF Certificates.

Group I Subordinate Certificates. The Group I Mezzanine Certificates and the Class I-CE Certificates.

Group I Subordinate Certificates. The Class M1-I, Class M2-I, Class M3-I, Class M4-I, Class M5-I, Class M6-I, Class M7-I, Class M8-I and Class M9-I Certificates.

Group I Subordinate Certificates. The Class I-M-1 Certificates, the Class I-M-2 Certificates, the Class I-M-3 Certificates, the Class I-M-4 Certificates, the Class I-M-5 Certificates, the Class I-M-6 Certificates and the Class I-B Certificates. Group I Subordinate Certificates Yield Maintenance Agreement: The Confirmation, Ref. No. FXNEC7019, dated the Closing Date, by and between the Yield Maintenance Provider and the Trust, relating to the Group I Subordinate Certificates. Group II: Either of the Group II Certificates or Loan Group II, as the context requires.

Group I Subordinate Certificates. The Group I Subordinate Certificates and the Class I-CE Certificates.

Group I Subordinate Certificates. The Group I Mezzanine Certificates and the Class I-CE Certificates. Independent: When used with respect to any specified Person, any such Person who (i) is in fact independent of the Depositor, each Servicer, the Master Servicer and the Securities Administrator, (ii) does not have any direct financial interest or any material indirect financial interest in the Depositor, any Servicer, the Master Servicer, the Securities Administrator or any Affiliate of any such party and (iii) is not connected with the Depositor, any Servicer, the Master Servicer or the Securities Administrator as an officer, employee, promoter, underwriter, trustee, partner, director or person performing similar functions. When used with respect to any accountants, a Person who is “independent” within the meaning of Rule 2-01(B) of the Securities and Exchange Commission’s Regulation S-X. Independent means, when used with respect to any other Person, a Person who (A) is in fact independent of another specified Person and any affiliate of such other Person, (B) does not have any material direct or indirect financial interest in such other Person or any affiliate of such other Person, (C) is not connected with such other Person or any affiliate of such other Person as an officer, employee, promoter, underwriter, Securities Administrator, partner, director or Person performing similar functions and (D) is not a member of the immediate family of a Person defined in clause (B) or (C) above.