Group IV Certificates definition

Group IV Certificates. The Class IV-A Certificates.
Group IV Certificates. As set forth in the Preliminary Statement.
Group IV Certificates. The Class IV-A-1, Class IV-M-1, Class IV-M-2 and Class IV-X Certificates.

Examples of Group IV Certificates in a sentence

  • Any Applied Loss Amount with respect to the Group IV Certificates allocated to a Class of Group IV Subordinate Certificates shall be allocated among the Group IV Subordinate Certificates of such Class in proportion to their respective Percentage Interests.

  • The Applied Loss Amount with respect to the Group IV Certificates for any Distribution Date shall be applied by reducing the Class Principal Balance of each Class of Group IV Subordinate Certificates beginning with the Class of Group IV Subordinate Certificates then outstanding, other than the Class IV-X Certificates, with the lowest relative payment priority, in each case until the respective Class Principal Balance thereof is reduced to zero.

  • This excess interest will be applied to pay principal on the Group IV Certificates in order to create and maintain the required level of overcollateralization.

  • Overcollateralization: The group IV mortgage loans bear interest each month in an amount that in the aggregate is expected to exceed the amount needed to pay monthly interest on the Group IV Certificates and certain related trust expenses.

  • Cross-Collateralization: In certain limited circumstances, principal and interest collected from any of the loan group I, II and III mortgage loans may be used to pay principal or interest, or both, to Senior Certificates (other than the Group IV Certificates) unrelated to that loan group.


More Definitions of Group IV Certificates

Group IV Certificates. The Class NB-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed to the Standard Terms as Exhibit A, each such Certificate evidencing an interest designated as a "regular interest" in REMIC II for purposes of the REMIC Provisions and representing an undivided interest in Loan Group IV.
Group IV Certificates. Group IV Senior Certificates.
Group IV Certificates. The Class IV-A-1, Class IV-A-2, Class IV-A-3 and Class IV-X Certificates. Group IV Mortgage Loans: The Mortgage Loans identified as such on the Mortgage Loan Schedule.
Group IV Certificates. The Class 4A1, Class 4A2, Class 4A3, Class B-1, Class B-2 and Class B-3 Certificates, collectively.
Group IV Certificates. The Class AV-5 Certificates.
Group IV Certificates. The Class A-IV-1 Certificates and Class A-IV-2 Certificates, representing an undivided interest in Loan Group IV.
Group IV Certificates. The Class IV-A-1, Class M-X and Class A-PO-2 Certificates.