Group II Class definition

Group II Class. A The Class A-2a, Class A-2b, Class A-2c and Class A-2d Certificates: Certificates.

Group II Class. A Certificates The Class A-2a, A-2b and A-2c Certificates Pass-Through Rate: will accrue interest at a variable rate equal to the least of (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable), (ii) the Loan Group II Cap and (iii) the WAC Cap.

Group II Class. A The Class A-2a, Class A-2b and Class A-2c Certificates. Sequential Certificates: Class A Certificate The Group I Class A Certificates and Group II Class A Group: Certificates, as applicable. Expected Closing December 2, 2004 through DTC and Euroclear or Clearstream. Date: The Certificates will be sold without accrued interest. Cut-off Date: November 1, 2004 Distribution Dates: The 25th of each month, or if such day is not a business day, on the next business day, beginning December 25, 2004. Final Scheduled For the Class A-2a Certificates, the Distribution Date Distribution Date: occurring in November 2013, and for all other Offered Certificates, the Distribution Date occurring in November 2034.

Examples of Group II Class in a sentence

• However, any payment from the Group II Certificates (other than the Class II-CE, Class II-P and Class II-R Certificates) of a Group II Class IO Distribution Amount shall be treated for tax purposes as having been received by the Holders of such Certificates in respect of their interests in REMIC IV and as having been paid by such Holders to the Swap Administrator pursuant to the notional principal contract.

• For federal income tax purposes, such amounts paid to the Group II Supplemental Interest Trust on each Distribution Date shall first be deemed paid to the Group II Supplemental Interest Trust in respect of REMIC X Regular Interest IO to the extent of the amount distributable on such REMIC X Regular Interest IO on such Distribution Date, and any remaining amount shall be deemed paid to the Group II Supplemental Interest Trust in respect of a Group II Class IO Distribution Amount.

• Any entitlement of any Class of Class B Certificates to principal payments solely pursuant to this clause (ii) shall not cause such Class to be regarded as being eligible to receive principal distributions for the purpose of applying the definition of its Group I Class B Percentage, Group II Class B Percentage, Group I Class B Prepayment Percentage or Group II Class B Prepayment Percentage.

• In addition, notwithstanding the foregoing clause (b)(2), to the extent a Group II Class IO Distribution Amount is payable from principal collections, Principal Distribution Amounts related to Loan Group II will be deemed paid to the most subordinate Class of Group II Regular Certificates (other than the Class II-P Certificates), until the Certificate Principal Balance thereof has been reduced to zero, and such amount will be paid pursuant to Section 3.22(f).

• In the event that your customer violates any portion of this agreement, you agree to defend, hold harmless and indemnify TE TECH from any and all such claims.

More Definitions of Group II Class

Group II Class. A Principal Distribution Amount shall equal the Group II Principal Distribution Amount until the Certificate Principal Balance of the Group II Class A Certificates has been reduced to zero;

Group II Class. A The Class A-2pt, A-2a, A-2b and A-2c Certificates will accrue interest at a variable rate equal to the Certificates least of (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Pass-Through Rate: Clean-up Call is exercisable), (ii) the Loan Group II Cap and (iii) the WAC Cap. Class M-1 The Class M-1 Certificates will accrue interest at a variable rate equal to the lesser of (i) one-month Pass-Through Rate: LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class M-2 The Class M-2 Certificates will accrue interest at a variable rate equal to the lesser of (i) one-month Pass-Through Rate: LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class M-3 The Class M-3 Certificates will accrue interest at a variable rate equal to the lesser of (i) one-month Pass-Through Rate: LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class M-4 The Class M-4 Certificates will accrue interest at a variable rate equal to the lesser of (i) one-month Pass-Through Rate: LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class M-5 The Class M-5 Certificates will accrue interest at a variable rate equal to the lesser of (i) one-month LIBOR Pass-Through Rate: plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class M-6 The Class M-6 Certificates will accrue interest at a variable rate equal to the lesser of (i) one-month LIBOR Pass-Through Rate: plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class B-1 The Class B-1 Certificates will accrue interest at a variable rate equal to the lesser of (i) one-month LIBOR Pass-Through Rate: plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class B-2 The Class B-2 Certificates will accrue interest at a variable rate equal to the lesser of (i) one-month LIBOR Pass-Through Rate: plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class B-3 The Class B-3 Certificates will...

Group II Class. A As to any Distribution Date, the supplemental interest amount for each of the Group II Class A Certificates Basis Risk Carry will equal the sum of: Forward Amount: (i) The excess, if any, of interest that would otherwise be due on such Certificates at the Group II Class A Certificates Pass-Through Rates (without regard to the Loan Group II Cap or WAC Cap) over interest due such Certificates at a rate equal to the lesser of the Loan Group II Cap or WAC Cap;

Group II Class. A Principal Distribution Amount................................ 28

Group II Class. A Available Funds Cap Carry-Forward Amount......13 Group I Class A Available Funds Pass-Through Rate..............13 Group II Class A Available Funds Pass-Through Rate.............13 Group I Class A Carry-Forward Amount...........................13 Group II Class A Carry-Forward Amount..........................13 Group III Class A Carry-Forward Amount.........................14

Group II Class. Cr-B-6 Prepayment Percentage: As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Group II Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class Cr-B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class Cr-B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class Cr-B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Group II Class Cr-B-6 Prepayment Percentage for such Distribution Date will be zero.

Group II Class. A Certificates Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates. LIBOR Certificates........... Class A and Subordinated Certificates.