Group V Senior Certificates definition

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

Group V Senior Certificates means the Class V-A Certificates.

Group V Senior Certificates. The Class VA Certificates. Group V Senior Components: Component 2A-P-1 of the Class 2A-P Certificates and Component 2A-X-1 of the Class 2A-X Certificates.

Examples of Group V Senior Certificates in a sentence

• If the proceeds with respect to the Group V Mortgage Loans are not sufficient to pay all of the Group V Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, and then to the Group V Senior Certificates on a pro rata basis.

• Thereafter, the Extraordinary Trust Fund Expenses will be allocated on any Distribution Date among the Group V Senior Certificates on a PRO RATA basis.

• No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Group V Senior Certificates or Class P-V Certificates.

• If the proceeds with respect to the Group V Mortgage Loans are not sufficient to pay all of the Group V Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, and then to the Group V Senior Certificates.

More Definitions of Group V Senior Certificates

Group V Senior Certificates. The Class V-A-1 Certificates and Class V-A-2 Certificates. Group V Senior Percentage: Initially, 94.70%. On any Distribution Date, the lesser of (i) 100% and (ii) the percentage (carried to six places rounded up) obtained by dividing the aggregate Current Principal Amount of the Group V Senior Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Group V Mortgage Loans as of the beginning of the related Due Period.

Group V Senior Certificates. The Class V-A-1, Class V-A-2, Class V-A-3 Certificates, Class V-A-4 and Class V-A-5 Certificates.

Group V Senior Certificates. The Group VA Senior Certificates and Group VB Senior Certificates.

Group V Senior Certificates. Any of the Class A-V, Class R-II and Class R-III Certificates.

Group V Senior Certificates. The Class V-A, Class V-X, Class R-I, Class R-II and Class R-III Certificates. GROUP V SENIOR PERCENTAGE: Initially, 96.75%. On any Distribution Date, the lesser of (i) 100% and (ii) the percentage (carried to six places rounded up) obtained by dividing the aggregate Current Principal Amount of the Group V Senior Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Group V Mortgage Loans as of the beginning of the related Due Period.