Group V Certificates definition

Group V Certificates. As set forth in the Preliminary Statement.
Group V Certificates. The Class V-A-1 Certificates.
Group V Certificates. The Class NB-V 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 V.

Examples of Group V Certificates in a sentence

  • The Group C-B Certificates absorb most losses on the group I, II, III, IV and V mortgage loans prior to the Group I, Group II, Group III, Group IV and Group V Certificates.

  • Shifting of Interests: Except as described below, the Group I, Group II, Group III, Group IV and Group V Certificates will receive 100% of principal prepayments received on the mortgage loans in the related loan group until the [seventh] anniversary of the first distribution date.

  • Note: The Group C-B Certificates are allocated losses from mortgage loans in loan groups I, II, III, IV and V; consequently, disproportionately high special hazard, bankruptcy or fraud losses experienced by one loan group could adversely impact protection to unrelated Group I, Group II, Group III, Group IV and Group V Certificates for these types of losses.

  • Subordination: The Group I, Group II, Group III, Group IV and Group V Certificates will receive distributions of interest and principal before the Group C-B Certificates are entitled to receive distributions of interest or principal.

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

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

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

  • The Trustee shall cause to be deposited directly into the Certificate Account all distributions received by the Trustee on the Underlying Certificates (not including, with respect to the Group V Certificates, any Additional Class A-1 Interest Amounts received on the Underlying Group V Certificates), from whatever source, and all amounts received by it representing payment of a Repurchase Price pursuant to Section 2.03(c), subsequent to the Closing Date.

  • With respect to each distribution date, to the extent that a Basis Risk Shortfall exists for any class of Group V Certificates (other than the Class V-X Certificates), such class will be entitled to the amount of such Basis Risk Shortfall in accordance with the priority of payments described in the Prospectus Supplement, only to the extent of funds available therefor.

  • Amounts on deposit in the Basis Risk Reserve Fund can be withdrawn by the Trust Administrator in connection with any Distribution Date to fund the amounts required to be distributed to holders of the Group V Certificates in respect of Basis Risk Shortfall pursuant to Section 4.01(II)(d)(ii)-(iv) to the extent Monthly Excess Cashflow on such date is insufficient to make such payments.


More Definitions of Group V Certificates

Group V Certificates. The Class V-A-1, Class V-A-2, Class V-A-3, Class V-A-4, Class V-A-5, Class V-M-1, Class V-M-2, Class V-M-3, Class V-X, Class P-V and Class R-II Certificates.
Group V Certificates. Any of the Class V-A Certificates and Class V-A-IO Certificates.
Group V Certificates. The Class V-A-1, Class V-X and Class V-P Certificates. Group X-X Regular Interests: The Class V-A-1-L, Class V-X-L and Class V-P-L Regular Interests.
Group V Certificates. The Class AF Certificates, Class IO Certificates, Class PO Certificates, Class BF-1 Certificates, Class BF-1 Certificates, Class BF-3 Certificates, Class BF-4 Certificates, Class BF-5 Certificates and Class BF-6 Certificates.
Group V Certificates. The Class A-V Certificates, representing an undivided interest in Loan Group V.

Related to Group V Certificates