Examples of Group II Class A Certificates in a sentence
Excess Losses on the Mortgage Loans in Collateral Pool II will be allocated on any Distribution Date by allocating (i) the related Senior Percentage of the Excess Loss to the Group II Class A Certificates on a pro rata basis and (ii) the Group II Subordinate Percentage of the Excess Loss to the Group II Subordinate Certificates on a pro rata basis.
Notwithstanding the foregoing, if the Certificate Principal Balances of the Group II Class A Certificates (other than the Group II Lockout Certificates) have been reduced to zero, the Group II Lockout Distribution Percentage will be equal to 100%.
The Group III Class A Interest Distribution Amount shall be distributed first, to the Group III Fixed Strip Component, in an amount equal to the related Group II Class A Interest Distribution Amount payable thereon, and second, to the remaining Group II Class A Certificates on a pro rata basis in proportion to the related Group II Class A Interest Distribution Amount payable thereon.
Notwithstanding clause (v) above, the aggregate amounts distributed on all Distribution Dates to the Holders of the Group II Class A Certificates on account of the Group II Class A Principal Distribution Amount shall not exceed the Original Group II Certificate Principal Balance for the Group II Class A Certificates.
Thereafter, the Extraordinary Trust Fund Expenses relating to Collateral Pool II will be allocated on any Distribution Date among the Group II Class A Certificates (other than the Class II-XS1 Certificates, the Class II-XS2 Certificates, the Class II-XS3 Certificates, the Class II-1-1A2 Certificates and the Class II-1-2A2 Certificates) and the Class PO Certificates on a pro rata basis based on their respective Certificate Principal Balances.