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 V-A-1, Class V-A-2, Class V-M-1, Class V-M-2, Class V-M-3, Class V-M-4, Class V-M-5, Class V-P, Class V-X and Class V-R Certificates.

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.

• 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.

More Definitions of Group V Certificates

Group V Certificates. The Class A-III-1 Certificates and Class A-III-2 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.

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 CB-III, 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.

Group V Certificates. The Class A-V Certificates, representing an undivided interest in Loan Group V.

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.