Lowest Priority Certificates definition

Lowest Priority Certificates. The most subordinate class of certificates issued under the Pooling and Servicing Agreement that is outstanding from time to time. If the Lowest Priority Certificates are reduced to zero as a result of losses or otherwise, and if the Purchaser at that time owns 100% of the most subordinate class of certificates issued under the Pooling and Servicing Agreement then remaining outstanding, then such most subordinate class remaining outstanding shall thereafter be deemed to be the Lowest Priority Certificates for all purposes of this Agreement.
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Examples of Lowest Priority Certificates in a sentence

  • The Purchaser is the holder of the entire interest in Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certif▇▇▇▇▇s, Series [ ], Class [ ] (the "Class B Certificates"), which are the Lowest Priority Certificates (as defined below) outstanding with respect to such Series.

  • The Purchaser is the holder of the entire interest in Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certif▇▇▇▇▇s, Series [_____], Class [_____] (the "Class B Certificates"), which are the Lowest Priority Certificates (as defined below) outstanding with respect to such Series.

  • The Purchaser is the holder of the entire interest in Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certif▇▇▇▇▇s, Series [_______], Class [_____] (the "Class B Certificates"), which are the Lowest Priority Certificates (as defined below) outstanding with respect to such Series.

  • The Purchaser is the holder of the entire interest in Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certif▇▇▇▇▇s, Series 2006-AR12, Class [ ] (the "Class B Certificates"), which are the Lowest Priority Certificates (as defined below) outstanding with respect to such Series.

  • The Purchaser is the holder of the entire interest in Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certif▇▇▇▇▇s, Series 2006-AR6, Class [_____] (the "Class B Certificates"), which are the Lowest Priority Certificates (as defined below) outstanding with respect to such Series.

  • The Purchaser is the holder of the entire interest in Wells Fargo Asset Securities Corporation Mortgage Asset-Backed Pass-T▇▇▇▇▇h Certificates, Series ], Class [ ] (the "Class B Certificates"), which are the Lowest Priority Certificates (as defined below) outstanding with respect to such Series.

  • The Purchaser is the holder of the entire interest in Wells Fargo Asset Securities Corporation Mortgage Asset-Backed Pass-T▇▇▇▇▇h Certificates, Series [ ], Class [ ] (the "Class B Certificates"), which are the Lowest Priority Certificates (as defined below) outstanding with respect to such Series.

  • The Purchaser is the holder of the entire interest in Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certif▇▇▇▇▇s, Series 2006-6, Class [ ] (the "Class B Certificates"), which are the Lowest Priority Certificates (as defined below) outstanding with respect to such Series.

  • The Purchaser is the holder of the entire interest in Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certif▇▇▇▇▇s, Series AR13, Class [ ] (the "Class B Certificates"), which are the Lowest Priority Certificates (as defined below) outstanding with respect to such Series.

  • The Purchaser is the holder of the entire interest in Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certif▇▇▇▇▇s, Series 2006-AR16, Class [_____] (the "Class B Certificates"), which are the Lowest Priority Certificates (as defined below) outstanding with respect to such Series.