Group II Senior Certificate definition

Group II Senior Certificate. Any Class A2 Certificate.

Group II Senior Certificate. Any Class II-1A, Class II-2A, Class II-3A or Class II-4A Certificate.

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.

Examples of Group II Senior Certificate in a sentence

• 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 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.

• 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.

• 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.

• 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.

• 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.

• 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.

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

More Definitions of Group II Senior Certificate

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 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.

Group II Senior Certificate. As specified in the Preliminary Statement.

Group II Senior Certificate. Any Class _____ Certificate.]

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

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").

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-7, Class II-A-8, 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 IV for purposes of the REMIC Provisions, and representing an undivided interest in Loan Group II.