Examples of Group II Subordinate Certificates in a sentence
As a result of the subordination of the Group I Subordinate Certificates and Group II Subordinate Certificates in right of distribution, such Realized Losses on the Group I Mortgage Loans and Group II Mortgage Loans will be borne by the Group I Subordinate Certificates and Group II Subordinate Certificates, respectively, in inverse order of their numerical Class designations.
If the proceeds with respect to the Group II-2 Mortgage Loans are not sufficient to pay all of the Group II-2 Senior Certificates in full, any such deficiency will be allocated first, to the Group II Subordinate Certificates, in inverse order of their numerical designation and then to the Group II-2 Senior Certificates on a pro rata basis.
The first Distribution Date on which the aggregate Certificate Principal Balance of the Group II Subordinate Certificates has been reduced to zero.
If the proceeds with respect to the Group II-1 Mortgage Loans are not sufficient to pay all of the Group II-1 Senior Certificates in full, any such deficiency will be allocated first, to the Group II Subordinate Certificates, in inverse order of their numerical designation and then to the Group II-1 Senior Certificates on a pro rata basis.
If the proceeds with respect to the Group II Mortgage Loans are not sufficient to pay all of the Group II Senior Certificates in full, any such deficiency will be allocated first, to the Group II Subordinate Certificates, in inverse order of their numerical designation and then to the Group II Senior Certificates on a pro rata basis.