Group VI Certificates definition

Group VI Certificates. As set forth in the Preliminary Statement.
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Group VI Certificates. The Class NB-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 VI.
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Group VI Certificates. The Class VI-A-1 and Class VI-A-2 Certificates.
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Examples of Group VI Certificates in a sentence

  • On any distribution date, if the current interest rate (calculated on the basis of the lesser of (x) one-month LIBOR plus the applicable certificate margin and (y) the Maximum Interest Rate) on any Class of Group VI Certificates (other than the Class VI-X Certificates) is limited by the Net Funds Cap, such difference will constitute a Basis Risk Shortfall.

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

  • With respect to each distribution date, to the extent that a Basis Risk Shortfall exists for any class of Group VI Certificates (other than the Class VI-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.

  • Group VI Net Funds Cap: The annual pass-through rate on each Class of the Group VI Certificates (other than the Class VI-X Certificates) is subject to the Net Funds Cap.

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

  • Overcollateralization: The group VI 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 VI Certificates and certain related trust expenses.

  • The weighted average life to optional termination is shown with respect to the Group VI Certificates.

  • Under no circumstances shall the Trustee or the Depositor have the power to vary the investments of the Holders of the Group VI Certificates (other than REMIC II Regular Interests) (the "Group VI Exchange Trust Certificates") in their related assets of the Group VI Exchange Trust in order to take advantage of variations in the market to improve their rate of return.

  • Group VI Certificates: The Class VI-A-1, Class VI-M-1, Class VI-M-2, Class VI-M-3 and Class VI-X Certificates.

  • If on any Distribution Date the allocation to the Group VI Certificates (other than Component 2A-P-2 of the Class 2A-P Certificates) of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group VI Certificates (other than Component 2A-P-2 of the Class 2A-P Certificates) below zero, the Group VI Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.

Related to Group VI Certificates

  • COFI Certificates As specified in the Preliminary Statement.

  • Group I Certificates The Class A-1 Certificates.

  • Group III Certificates The Group III-A Certificates.

  • Group II Certificates The Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates.

  • REMIC I Certificates The Class R-I Certificates.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.

  • REMIC III CERTIFICATES has the meaning set forth in the final paragraph of the Preliminary Statement hereto.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Class A-1 Certificates All Certificates bearing the class designation of "Class A-1".

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class A Certificates As specified in the Preliminary Statement.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Class X Certificates All Certificates bearing the class designation of "Class X".

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Senior Certificates As specified in the Preliminary Statement.