Insured Retail Certificates definition

Insured Retail Certificates. Not applicable.
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Insured Retail Certificates. As specified in the Preliminary Statement.
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Insured Retail Certificates. Not applicable. Interest Accrual Period: With respect to each Class of Delay Certificates and any Distribution Date, the calendar month prior to the month of such Distribution Date. With respect to any Non-Delay Certificates and any Distribution Date, the one month period commencing on the 25th day of the month preceding the month in which such Distribution Date occurs and ending on the 24th day of the month in which such Distribution Date occurs.
Sample 1

Examples of Insured Retail Certificates in a sentence

  • This sequence of priorities will be repeated until all such requests have been honored to the extent of amounts available for distribution in reduction of the Class Certificate Balance of the Insured Retail Certificates.

  • Such amounts shall be allocated by the Trustee to Holders of the Insured Retail Certificates affected by such shortfalls in the same manner as principal and interest payments are to be allocated with respect to the Insured Retail Certificates pursuant to Section 4.2(a).

  • The Trustee shall furnish to MBIA and the Fiscal Agent, if any, its records listing the payments on the affected Insured Retail Certificates, if any, that have been made by the Trustee and subsequently recovered from the affected Holders, and the dates on which such payments were made by the Trustee.

  • The Trustee shall deposit any amount paid under the MBIA Policy into the MBIA Policy Payments Account and distribute such amount only for the purpose of making the payments to Holders of the Insured Retail Certificates in respect of the Insured Payment for which the related claim was made under the MBIA Policy.

  • However, any payments made on the Insured Retail Certificates from funds in the MBIA Policy Payments Account shall be noted as provided in subsection (e) below.

  • The rights of MBIA to direct certain actions and consent to certain actions of the Holders of Insured Retail Certificates hereunder will terminate at such time as the Certificate Principal Balance of the Insured Retail Certificates has been reduced to zero and MBIA has been reimbursed for all reimbursement amounts and any other amounts owed under the MBIA Policy and the Insurance Agreement and MBIA has no further obligation under the MBIA Policy.

  • The Holders of the Insured Retail Certificates may not exercise such right without the prior written consent of MBIA.

  • During the continuation of an MBIA Default, rights granted or reserved to MBIA hereunder shall vest instead in the Holders of the Insured Retail Certificates; provided that MBIA shall be entitled to premiums due and any reimbursement amounts owed to MBIA under the MBIA Policy, except that MBIA shall retain those rights under Section 11.1 with respect to any amendment.

  • The Trustee will make withdrawals of amounts on deposit in the Reserve Fund (each, a "Reserve Fund Withdrawal"), to the extent funds are available in the Reserve Fund, on each Distribution Date to cover any Net Interest Shortfalls allocated to the Insured Retail Certificates.

  • In addition, the Trustee shall mail notice to all Holders of the Insured Retail Certificates so affected that, in the event that any such Holder's scheduled payment is so recovered, such Holder will be entitled to payment pursuant to the terms of the MBIA Policy a copy of which shall be made available to such Holders by the Trustee.

Related to Insured Retail Certificates

  • Retail Certificates A Senior Certificate, if any, offered in smaller minimum denominations than other Senior Certificates, and designated as such in the Series Supplement.

  • Insured Certificates The Class A-1 Certificates.

  • Group 2 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-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group 3 Certificates As specified in the Preliminary Statement.

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

  • COFI Certificates As specified in the Preliminary Statement.

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

  • Certificate Group Each of the Group 1 Certificates and the Group 2 Certificates.

  • Group 2 Certificate Any Class A-2 Certificate.

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

  • Additional Certificates has the meaning specified in Section 8.01(d).

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Group I Certificates The Class A-1 Certificates.

  • Class A-2 Certificates All Certificates bearing the class designation of "Class A-2".

  • Group III Certificates The Group III-A Certificates.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Principal Balance Certificates Each of the Class A-1, Class A-2, Class A-3, Class X-0, Xxxxx X-0, Class A-SB, Class A-S, Class B, Class C, Class D, Class E, Class F and Class NR Certificates.

  • Certificate Index With respect to each Distribution Date and the LIBOR Certificates, the rate for one month United States dollar deposits quoted on Telerate Page 3750 as of 11:00 A.M., London time, on the related Interest Determination Date relating to each Class of LIBOR Certificates. If such rate does not appear on such page (or such other page as may replace that page on that service, or if such service is no longer offered, such other service for displaying LIBOR or comparable rates as may be reasonably selected by the Trust Administrator after consultation with DLJMC), the rate will be the Reference Bank Rate. If no such quotations can be obtained and no Reference Bank Rate is available, the Certificate Index will be the Certificate Index applicable to the preceding Distribution Date. On the Interest Determination Date immediately preceding each Distribution Date, the Trust Administrator shall determine the Certificate Index for the Accrual Period commencing on such Distribution Date and inform the Master Servicer and each Servicer of such rate.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

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

  • Class I-A-1 Certificate Any Certificate designated as a "Class I-A-1 Certificate" on the face thereof, in the form of Exhibit A-1 hereto, representing the right to the Percentage Interest of distributions provided for the Class I-A-1 Certificates as set forth herein and evidencing a Regular Interest in REMIC II.

  • Underlying REMIC Certificates The REMIC Certificates held in the Trust and evidencing beneficial interests in the REMIC Trust. US Bank: U.S. Bank National Association, a national banking association.