Inverse Floating Rate Certificates definition

Inverse Floating Rate Certificates. As specified in the Preliminary Statement.
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Inverse Floating Rate Certificates. As specified in the Preliminary Statement. Item 1119 Party: The Depositor, the Seller, the Master Servicer, the Trustee, any Subservicer, any originator identified in the Prospectus Supplement and any other material transaction party, as identified in Exhibit P hereto, as updated pursuant to Section 10.4.
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Inverse Floating Rate Certificates. As specified in the Preliminary Statement. Item 1119 Party: The Depositor, the Seller, the Master Servicer, the Trustee, any Subservicer, any originator identified in the Prospectus Supplement and any other material transaction party, as identified in Exhibit P hereto, as updated pursuant to Section 10.4. Latest Possible Maturity Date: As to the Group I Senior Certificates, each Class of Subordinated Certificates, and each Lower REMIC Interest and each Middle REMIC Interest, the Distribution Date following the third anniversary of the scheduled maturity date of the Mortgage Loan in Pool I having the latest scheduled maturity date as of the Cut-off Date. As to the Group II Senior Certificates, the Distribution Date following the third anniversary of the scheduled maturity date of the Mortgage Loan in Pool II having the latest scheduled maturity date as of the Cut-off Date. Lender PMI Mortgage Loan: Not applicable.
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Examples of Inverse Floating Rate Certificates in a sentence

  • Floating Rate Certificates and Inverse Floating Rate Certificates.

  • LIBOR Certificates The Floating Rate Certificates and the Inverse Floating Rate Certificates.

  • LIBOR Certificates The Floating Rate and Inverse Floating Rate Certificates.

  • Inverse Floating Rate Certificates...................................

  • Inverse Floating Rate Certificates The Class 2-A-2 and Class 2-A-4 Certificates.

  • Inverse Floating Rate Certificates The Class 1-A-4, Class 1-A-5, Class 1-A-7, Class 1-A-8, Class 1-A-9, Class 3-A-2, Class 3-A-4 and Class 3-A-7 Certificates.

  • The Floating Rate Certificates and the Inverse Floating Rate Certificates.

  • Inverse Floating Rate Certificates The Class 1-A-2 and Class 3-A-2 Certificates.

  • Inverse Floating Rate Certificates The Class 1-A-2, Class 3-A-2, Class 5-A-2, Class 6-A-2, Class 7-A-6, Class 8-A-1, Class 8-A-7, Class 9-A-2 and Class 11-A-2 Certificates.

  • Inverse Floating Rate Certificates The Class 2-A-2 and Class 2-A-3 Certificates.

Related to Inverse Floating Rate Certificates

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Fixed Rate Certificates As specified in the Preliminary Statement.

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Fixed Rate Certificate A Certificate that provides for a payment of interest at a Fixed Pass-Through Rate.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • LIBOR 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.

  • Subordinate Certificates As specified in the Preliminary Statement.

  • Certificate Principal Amount With respect to any Certificate, at the time of determination, the maximum specified dollar amount of principal to which the Holder thereof is then entitled hereunder, such amount being equal to the initial principal amount set forth on the face of such Certificate, less (i) the amount of all principal distributions previously made with respect to such Certificate; (ii) all Realized Losses allocated to such Certificate; and (iii) in the case of a Subordinate Certificate, any Subordinate Certificate Writedown Amount allocated to such Certificates. Notwithstanding the foregoing, on any Distribution Date relating to a Due Period in which a Subsequent Recovery has been received by the Servicer, the Certificate Principal Amount of any Class of Certificates then outstanding for which any Realized Loss or any Subordinate Certificate Writedown Amount has been applied will be increased, in order of seniority, by an amount equal to the lesser of (i) the amount such Class of Certificates has been written down in respect of Realized Losses or Subordinate Certificate Writedown Amounts, to the extent not previously offset by increases in Certificate Principal Amount pursuant to this sentence and (ii) the total of any Subsequent Recovery distributed on such date to the Certificateholders (reduced (x) by the amount of the increase in the Certificate Principal Amount of any more senior Class of Certificates pursuant to this sentence on such Distribution Date and (y) to reflect a proportionate amount of the increase in the Certificate Principal Amount of any pari passu Class of Certificates on such Distribution Date pursuant to this sentence). For purposes of Article V hereof, unless specifically provided to the contrary, Certificate Principal Amounts shall be determined as of the close of business of the immediately preceding Distribution Date, after giving effect to all distributions made on such date.

  • Group 1 Certificates As specified in the Preliminary Statement.

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

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class A Certificates As specified in the Preliminary Statement.

  • Offered Subordinate Certificates As specified in the Preliminary Statement.

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

  • Class A-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

  • Class A-1 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-1 hereto.

  • Group 2 Certificate Any Class A-2 Certificate.

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

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

  • REMIC Certificate Maturity Date The "latest possible maturity date" of the Regular Certificates as that term is defined in Section 2.07.