Group II Certificate definition

Group II Certificate. Any of the Class A-2A Certificates, Class A-2B Certificates, Class A-2C Certificates or Class A-2D Certificates.

Group II Certificate. Any one of the Class II-A-1 Certificates, the Class II-A-2 Certificates, the Class II-A-3 Certificates and the Class II-A-4 Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed to the Standard Terms as Exhibit A, each such Certificate evidencing an interest designated as a "regular interest" in REMIC II for purposes of the REMIC Provisions and representing an undivided interest in Loan Group II.

Group II Certificate. Any Class IIA-1, Class IIA-2, Class IIA-3, Class IIA-4, Class IIA-5 or Class IIA-6 Certificate.

Examples of Group II Certificate in a sentence

• For purposes of the REMIC Provisions, each Group II Certificate (other than the Class II-P, Class II-A-LR and Class II-A-UR Certificates, the Exchangeable Certificates and the Exchangeable REMIC Certificates) and the Uncertificated REMIC Intereststs represent ownership of a regular interest in Master REMIC II.

• Net Funds Cap Carryover: If on any Payment Date the Group II Certificate interest distribution amount is less than the Group II Pass-Through Rate (which is subject to a maximum equal to the Weighted Average Life Cap of the collateral), the amount of such shortfall and the aggregate of such shortfalls from previous payment dates together with accrued interest at the Pass-Through Rate will be carried forward to the next Payment Date until paid.

• The Group II Certificate Swap Account shall be part of the Trust but not part of any REMIC.

• Realized Losses on the Group II Loans for any Distribution Date will first, cause a reduction in Group II Net Monthly Excess Cash Flow for that Distribution Date, second, reduce available Net Swap Payments from the related Swap Providers, if any, for that Distribution Date, and third cause a reduction in the Group II Certificate Principal Balance of the Class II-CE Certificates for that Distribution Date, until the Group II Certificate Principal Balance thereof has been reduced to zero.

• If the Trustee finds any document or documents constituting a part of a Mortgage File to be missing or defective (that is, mutilated, damaged, defaced or unexecuted) in any material respect, the Trustee shall promptly (and in any event within no more than five Business Days) after such finding so notify the Group II Certificate Insurer, the Subservicer, the Seller and the Depositor.

More Definitions of Group II Certificate

Group II Certificate. Any of the Class AV-1, AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MV-1, Class MV-2, Class BV-1, Class BV-2 and Class MF-1, Class MF-2, Class BF-1, Class BF-2 and Class Class BV-3 Certificates. BF-3 Certificates.

Group II Certificate. Any of the Class AV-1 and Class AV-2 Certificates.

Group II Certificate. Any Class IIA-1, Class IIA-2, Class IIA-3, Class IIA-4, Class IIA-5, Class IIA-6, Class IIA-7, Class IIA-8, Class IIA-9, Class IIA-10, Class IIA-11 or Class IIA-12 Certificate.

Group II Certificate. Any one of the Class II A-1 Certificates, Class II B-1 Certificates, Class II B-2 Certificates or Class II B-3 Certificates.

Group II Certificate. Any of the Class AV-1, Class MV-1, Class MV-2, Class BV-1 and Class PV-1 Certificates.

Group II Certificate. Any one of the Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4, Class II-A-5, Class II-A-6, Class II-A-P, Class II-A-V and Class R-II Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed to the Standard Terms as Exhibit A, each such Certificate (other than the Class II-A-V and Class R-II Certificates) representing an interest designated as a "regular interest" in REMIC II for purposes of the REMIC Provisions, and representing an undivided interest in Loan Group II.

Group II Certificate. Any of the Class A-6 Certificates.