Offered P&I Certificates definition

Offered P&I Certificates. The Class X-0X, Xxxxx X-0X, Xxxxx X-0X, Class M-1, Class M-2, Class B-1 and Class B-2 Certificates.

Offered P&I Certificates. The Class AI-1, Class AI-2, Class AI-3, Class AI-4, Class AII-1, Class M-1, Class M-2, Class M-3 and Class B Certificates.

Examples of Offered P&I Certificates in a sentence

Each Class of Offered P&I Certificates represents beneficial ownership of the corresponding REMIC 4 Regular Interest and the right to receive Cap Carryover Amounts.
In furtherance of such intention, the Trustee shall furnish or cause to be furnished (i) to the Holders of the Offered P&I Certificates and (ii) to the Holder of the Class CE Certificates and shall file or cause to be filed with the Internal Revenue Service together with Form 1041 or such other form as may be applicable, their allocable shares of income and expenses with respect to the property held by the Grantor Trust, at the time or times and in the manner required by the Code.
On each Distribution Date, to the extent the Offered P&I Certificates and the Class B-2 Certificates receive interest in excess of the Pool Cap, such interest will be treated as distributed to the Class X/N REMIC in respect of interest on the Class 3-X Interest and then paid to the respective Class of Offered P&I Certificates and Class B-2 Certificates pursuant to the related interest rate cap agreement.
The REMIC 4 Regular Interests will be held as assets of the Grantor Trust, which will also hold the rights of the Offered P&I Certificates to receive their respective Cap Carryover Amounts.
In furtherance of such intention, the Trustee shall furnish or cause to be furnished (i) to the Holders of the Offered P&I Certificates and (ii) to the Holder of the Class CE Certificates and shall file or cause to be filed with the Internal Revenue Service together with Form 1041 or such other form as may be applicable, their allocable shares of income with respect to the property held by the Grantor Trust, at the time or times and in the manner required by the Code.
The REMIC 4 Regular Interests will be held as assets of the Grantor Trust, which will also hold (i) the rights of the Offered P&I Certificates to receive their respective Cap Carryover Amounts, (ii) the Swap Agreement and the rights and obligations of the Class A-2 Certificates with respect thereto, and (iii) the Yield Maintenance Agreement, the Reserve Account and the beneficial interest of the Class CE Certificates with respect thereto, subject to the obligation to pay Cap Carryover Amounts.

Related to Offered P&I Certificates

COFI Certificates As specified in the Preliminary Statement.
Group I Certificates The Class A-1 Certificates.
REMIC I Certificates The Class R-I Certificates.
Group III Certificates The Group III-A Certificates.
Offered Certificates As specified in the Preliminary Statement.
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 II Certificates The Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates.
Class B-6 Certificates The Certificates designated as “Class B-6” 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.
Class A Certificates The Class A-1, Class A-2, Class A-3 and Class A-4 Certificates.
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 III CERTIFICATES has the meaning set forth in the final paragraph of the Preliminary Statement hereto.
Class A-1 Certificates All Certificates bearing the class designation of "Class A-1".
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 R-II Certificate Any one of the Class R-II 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 II for purposes of the REMIC Provisions.
New Certificates has the meaning set forth in Section 3.04(a).
Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.
Class R-III Certificate Any one of the Class R-III 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 III for purposes of the REMIC Provisions.
Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.
Exchange Certificates Means the pass through certificates substantially in the form of Exhibit A hereto issued in exchange for the Initial Certificates pursuant to the Registration Rights Agreement and authenticated hereunder.
Class A-SB Certificate Any one of the Certificates with a “Class A-SB” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.
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.
Group 1 Certificates As specified in the Preliminary Statement.
Class A-8 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-8 and Exhibit C hereto.
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.
Residual Certificates As specified in the Preliminary Statement.