Group II Senior Certificate definition

Group II Senior 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 (or Exhibit D in the case of the Class R-II Certificates), each such Certificate (other than the Class II-A-V Certificates and Class R-II Certificates) representing an interest designated as a "regular interest" in REMIC III for purposes of the REMIC Provisions, and representing an undivided interest in Loan Group II.
Sample 1
Group II Senior Certificate. Any Class II-A or Class III-A Certificate.
Sample 1
Group II Senior Certificate. Any Class A8 Certificate.
Sample 1

Examples of Group II Senior Certificate in a sentence

  • Any allocation of Realized Losses to a Group II Senior Certificate or Group II Subordinate Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated as of such Distribution Date after all distributions on such Distribution Date have been made.

  • Notwithstanding anything to the contrary in this Agreement, in no event will the Certificate Principal Balance of any Group II Senior Certificate or Group II Subordinate Certificate be reduced more than once in respect of any particular amount both (i) allocable to the Group II Senior Certificate or Group II Subordinate Certificate in respect of related Realized Losses and (ii) payable as principal to the Holder of such Certificate from Group II Net Monthly Excess Cashflow.

  • Upon the termination of the Trust, or the payment in full of the Group II Senior Certificate and the Group II Subordinate Certificates, all amounts remaining on deposit in the Class II-A-2A Swap Account shall be released by the Trust and distributed to the Class II-CE Certificateholders.

  • Any allocation of Realized Losses to a Group I Senior Certificate, Group II Senior Certificate, Group III Senior Certificate or Class M Certificate, or Component, on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated as of such Distribution Date after all distributions on such Distribution Date have been made.

  • Each Group II Senior Certificate and Mezzanine Certificate will be treated as receiving their entire payment from REMIC IIC (regardless of any Swap Termination Payment or obligation under the Swap Agreement) and subsequently paying their portion of any Swap Termination Payment in respect of each such Class’ obligation under the Swap Agreement.

  • Group 1 Senior Certificates or any of the Aggregate Group II Senior Certificate Groups, as applicable.

  • As a result of the foregoing, the amount of distributions and taxable income on the REMIC Regular Interest corresponding to a Group I Senior Certificate, Subordinate Certificate, Group II Senior Certificate and Mezzanine Certificate may exceed the actual amount of distributions on the Group I Senior Certificates, Subordinate Certificates, Group II Senior Certificates and Mezzanine Certificates.

  • In the event that any such Class is resecuritized in a REMIC, the obligation under the Swap Agreement to pay any such Swap Termination Payment (or any shortfall in Net Swap Payment), will be made by one or more of the REMIC Regular Interests issued by the resecuritization REMIC subsequent to such REMIC Regular Interest receiving its full payment from any such Group I Senior Certificate, Subordinate Certificate, Group II Senior Certificate and Mezzanine Certificate.

  • Accrued interest, if any, on any Group I Senior Certificate and Group II Senior Certificate shall be calculated based upon a 360-day year and the actual number of days elapsed in each Accrual Period.


More Definitions of Group II Senior Certificate

Group II Senior Certificate. Any Class II-1A, Class II-2A, Class II-3A or Class II-4A Certificate.
Sample 1Sample 2
Group II Senior Certificate. Any Class A2 Certificate.
Sample 1
Group II Senior Certificate. As to the Pool 1 Certificates, any Class 1-A16 or Class 1-A17 Certificate (collectively, the "Pool 1 Group II Senior Certificates"). As to the Pool 2 Certificates, any Class 2-A7 Certificate (the "Pool 2 Group II Senior Certificates").
Sample 1
Group II Senior Certificate. Any one of the Class II-A-1, 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 (or Exhibit D in the case of the Class R-II Certificates), each such Certificate (other than the Class II-A-V Certificates and Class
Sample 1
Group II Senior Certificate. As specified in the Preliminary Statement.
Sample 1

Related to Group II Senior Certificate

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

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

  • Senior Certificate As defined in the Series Supplement.

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

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

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

  • Super Senior Certificates As specified in the Preliminary Statement.

  • Senior Certificate Group As specified in the Preliminary Statement.

  • Group 1 Certificate Any Class A-1 or Class A-R Certificate.

  • Senior Certificates As specified in the Preliminary Statement.

  • Group 2 Certificate Any Class A-2 Certificate.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • 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 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.

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

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Group II Senior Percentage For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.

  • Subordinate Certificate Any one of the Class M Certificates or Class B Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B and Exhibit C, respectively.

  • Group III All applicants for employment who have had two (2) or more years' experience in the trade, are residents of the geographical area constituting the normal construction labor market area, and who have been employed in the normal construction labor market area for at least six (6) months in the last two and one-half (2½) years in the geographical area covered by the collective bargaining agreement.

  • Class B-5 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-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • 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.

  • Class B-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 B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • 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.