Group II Certificate Account definition

Group II Certificate Account. The Certificate Account established with respect to the Group II Certificates in accordance with Section 6.01(a) hereof and maintained by the Trustee.
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Group II Certificate Account. The custodial account or accounts created and maintained pursuant to Section 5.05 with respect to the Group II Contracts.
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Group II Certificate Account. The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.05 in the name of the Trustee for the benefit of the Holders of the Group II Certificates and the Insurers. Funds in the Group II Certificate Account shall be held in trust for the aforementioned Certificateholders and the Insurers for the uses and purposes set forth in this Agreement.
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Examples of Group II Certificate Account in a sentence

  • CERTIFICATE ACCOUNT: Either the Group I Certificate Account or the ------------------- Group II Certificate Account, as the context requires.

  • Funds in the Group II Certificate Account shall be held in trust for the aforementioned Certificateholders for the uses and purposes set forth in this Agreement.

  • Series ____-__- [Group I] [Group II] Certificate Account." Each Certificate Account shall be established with a commercial bank, a savings bank or a savings and loan association.

  • In addition, the Trustee shall deposit into the Group I Certificate Account all income and gain on investments in the Group I Pre-Funding Account and shall deposit into the Group II Certificate Account all income and gain on investments in the Group II Pre-Funding Account pursuant to Section 6.12.

Related to Group II Certificate Account

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

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

  • Group III Certificates The Group III-A Certificates.

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Class A Certificate Group The Group I Class A Certificates or the Group II Class A Certificates, as applicable.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Group I Certificates The Class A-1 Certificates.

  • 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.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Distributable Certificate Interest means, with respect to any Class of REMIC III Regular Certificates for any Distribution Date, the sum of (A) Accrued Certificate Interest in respect of such Class for such Distribution Date, reduced (to not less than zero) by (1) any Net Aggregate Prepayment Interest Shortfall allocated on such Distribution Date to such Class pursuant to Section 6.7, (2) with respect to each Class of the Class B, Class C, Class D and Class E Certificates, any Trust Advisor Expenses allocated on such Distribution Date to such Class in reduction of the Distributable Certificate Interest thereon pursuant to Section 6.11, and (3) with respect to each Class of the Class C, Class D and Class E Certificates, any amounts reimbursable in accordance with Section 6.11(c), out of amounts otherwise distributable as interest in respect of such Class, to any more senior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to such more senior Class of Certificates pursuant to Section 6.11, plus (B) if such Distribution Date is subsequent to the initial Distribution Date, any Unpaid Interest in respect of such Class for such Distribution Date, plus (C) in the case of a Class of Principal Balance Certificates, if the Certificate Balances of such Principal Balance Certificates are increased on such Distribution Date in accordance with clause (b) of the definition of “Certificate Balance”, the total amount of interest at the applicable Pass-Through Rate that would have accrued and been distributable with respect to the amount by which the related Aggregate Certificate Balance was so increased, if such Aggregate Certificate Balance had not been reduced by that amount in connection with the allocation of Collateral Support Deficits in the first place and assuming that the reinstatement of Certificate Balance is in reverse chronological order of the original reductions therein, plus (D) in the case of each Class of the Class B, Class C, Class D and Class E Certificates, the amount of any Actual Recoveries of Trust Advisor Expenses allocated in accordance with Section 6.11(c) to such Class of Certificates to increase the Distributable Certificate Interest thereof for such Distribution Date, plus (E) in the case of each Class of the Class B, Class C and Class D Certificates, any amounts reimbursed in accordance with Section 6.11(c) to such Class of Certificates by any more junior Class of Certificates on such Distribution Date in respect of Trust Advisor Expenses allocated on prior Distribution Dates to the subject Class of Certificates pursuant to Section 6.11. Any increase in the Distributable Certificate Interest with respect to any Class of Principal Balance Certificates for any Distribution Date pursuant to clause (C) of the prior sentence shall result in a corresponding reduction of interest payable on unreimbursed allocations of Collateral Support Deficits in respect of such Class of Principal Balance Certificates.

  • REMIC II Certificate Any Regular Certificate or Class R Certificate.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

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

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

  • REMIC III CERTIFICATES has the meaning set forth in the final paragraph of the Preliminary Statement hereto.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Class A-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

  • REMIC I Certificates The Class R-I Certificates.

  • Class B-4 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • REMIC III Certificate Any Regular Certificate or Class R Certificate.