Group I Subordinated Certificates definition

Group I Subordinated Certificates. The Class IM-1, Class IM-2 and Class IB Certificates.
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Group I Subordinated Certificates. As specified in the Preliminary Statement.
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Group I Subordinated Certificates. The Class MF-1, "Group II Subordinated Certificates": The Class MF-2 and Class BF Certificates. MV-1, MV-2 and Class BV Certificates.
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Examples of Group I Subordinated Certificates in a sentence

  • For purposes of allocating losses to the Group I Subordinated Certificates and Group II Subordinated Certificates, the Class I-M Certificates and Class II-M Certificates, respectively, will be considered to have a lower numerical class designation than each other class of Group I Subordinated Certificates and Group II Subordinated Certificates, respectively.

  • Group 2 Senior Certificates and the portions of the Aggregate Group I Subordinated Certificates related to Loan Group 2.

  • Class 1-A-1, Class 1-A-2, Class 2-A-1A, Class 2-A-1B, Class 2-A-1C, Class 2-A-2 and the Group I Subordinated Certificates.

  • Notwithstanding the foregoing, the Class Certificate Balance of each Class of Group I Subordinated Certificates that has been previously reduced by Applied Realized Loss Amounts will be increased, in order of seniority, by the amount of the Subsequent Recoveries related to the Group I Mortgage Loans (but not in excess of the Applied Realized Loss Amount allocated to the applicable Class of Group I Subordinated Certificates).

  • To the extent funds are available on the Distribution Date or on any future Distribution Date from amounts that would otherwise be allocable from Available Funds for the Subordinate Optimal Principal Amount, Class I-PO Certificate Deferred Amounts will be paid on the Class I-PO certificates before distributions of principal on the Group I Subordinated Certificates.

  • If principal from one Loan Group in Aggregate Loan Group I is distributed to the Senior Certificates of another Loan Group in Aggregate Loan Group I according to this paragraph, the Group I Subordinated Certificates will not receive that principal amount on the Distribution Date.

  • Aggregate Group I Subordinated Certificates and Aggregate Group II Subordinated Certificates.

  • In the event Applied Realized Loss Amounts are allocated to any Class of Group I Subordinated Certificates, their Class Principal Balances shall be reduced by the amount so allocated, and no funds will be distributable with respect to the written down amounts (including without limitation Basis Risk Carry Forward Amounts) or with respect to interest on the written down amounts on that Distribution Date or any future Distribution Dates, even if funds are otherwise available for distribution.

  • Group 1 Senior Certificates and the portions of the Aggregate Group I Subordinated Certificates related to Collateral Allocation Group 1.

  • The Group I Subordinated Certificates and the Group II Subordinated Certificates.


More Definitions of Group I Subordinated Certificates

Group I Subordinated Certificates. The Class MF-1, Class MF-2, and Class BF-1 Certificates.
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Group I Subordinated 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 and Class I-B-1 Certificates.
Sample 1

Related to Group I Subordinated Certificates

  • Subordinated Certificates As specified in the Preliminary Statement.

  • Senior Subordinate Certificates The Class B1, Class B2 and Class B3 Certificates.

  • Related Certificates For each interest in the Upper Tier REMIC, the Class of Certificates listed on the same row in the table entitled "Upper Tier REMIC" in the Preliminary Statement.

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

  • Junior Subordinate Certificates The Class B-4, Class B-5 and Class B-6 Certificates.

  • Group I Certificates The Class A-1 Certificates.

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

  • Group III Certificates The Group III-A Certificates.

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

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.

  • Offered Subordinate Certificates As specified in the Preliminary Statement.

  • Group 3 Senior Certificates As specified in the Preliminary Statement.

  • Group II Subordinate Percentage For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.

  • Related Certificate Group As to any Combinable Class or RCR Class, a Certificate Group that includes such Class.

  • Super Senior Certificates As specified in the Preliminary Statement.

  • Non-Reduced Certificates As of any date of determination, any Class of Principal Balance Certificates then outstanding for which (a)(1) the initial Certificate Balance of such Class of Certificates minus (2) the sum (without duplication) of (x) the aggregate payments of principal (whether as principal prepayments or otherwise) previously distributed to the Holders of such Class of Certificates as of such date of determination, (y) any Appraisal Reduction Amounts allocated to such Class of Certificates as of such date of determination and (z) any applicable Realized Losses previously allocated to such Class of Certificates as of such date of determination, is equal to or greater than (b) 25% of the remainder of (i) the initial Certificate Balance of such Class of Certificates less (ii) any payments of principal (whether as principal prepayments or otherwise) previously distributed to the Holders of that Class of Certificates as of such date of determination.

  • Senior Certificates As specified in the Preliminary Statement.

  • Group 1 Senior Certificates As specified in the Preliminary Statement.

  • Accrued Certificate Interest With respect to each Distribution Date, as to any Class or Subclass of Certificates (other than any Principal Only Certificates), interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Certificate Principal Balance or Notional Amount thereof immediately prior to such Distribution Date. Accrued Certificate Interest will be calculated on the basis of a 360-day year, consisting of twelve 30-day months. In each case Accrued Certificate Interest on any Class or Subclass of Certificates will be reduced by the amount of:

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Group 2 Senior Certificates As specified in the Preliminary Statement.

  • Original Subordinated Principal Balance The aggregate of the Class Certificate Balances of the Subordinated Certificates as of the Closing Date.

  • Group 2 Certificates As specified in the Preliminary Statement.

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