Senior Certificate Group definition

Senior Certificate Group. As specified in the Preliminary Statement.

Senior Certificate Group. Either (a) the Class 1A-1A and Class 1A-1B Certificates with respect to Loan Group 1 or (b) the Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates with respect to Loan Group 2.

Senior Certificate Group. Senior Certificate Group I, Senior Certificate Group II, Senior Certificate Group III or Senior Certificate Group IV, as applicable.

Examples of Senior Certificate Group in a sentence

• As to a Senior Certificate Group and any Distribution Date during the seven years beginning on the first Distribution Date, 100%.

• If any Senior Certificate Group is no longer outstanding, the interest portion of any Realized Loss for the related Mortgage Loan Group shall be reallocated to the remaining Senior Certificates, pro rata based on the Accrued Certificate Interest thereon for such Distribution Date.

• Thus each Group 7A Senior Certificate, Group 7B Senior Certificate and Class M Certificate shall be treated as representing ownership of not only REMIC IV regular interests, but also ownership of an interest in an interest rate cap contract.

• As to a Senior Certificate Group and any Distribution Date during the ten years beginning on the first Distribution Date, 100%.

• On each Distribution Date, the Net Deferred Interest for each Loan Group will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates.

More Definitions of Senior Certificate Group

Senior Certificate Group. Any of (a) the Class 1-A1A, Class 1-A1B and Class A-R, with respect to Loan Group 1, (b) the Class 2-A1A, Class 2-A1B, Class 2-A1C, Class X-2A1B and Class PO-2A1B Certificates with respect to Loan Group 2 and (c) the Class PO-1 and Class X-1 Certificates with respect to both Loan Groups.

Senior Certificate Group. III: The Class III-A Certificates.

Senior Certificate Group. I: The Class I-A Certificates.

Senior Certificate Group. Any of (a) the Class 1-A1A, Class 1-A1B, Class X-1, Class PO-1 and Class A-R Certificates with respect to Loan Group 1 and (b) the Class 2-A1A1, Class 2-A1A2, Class 2-A1B, Class 2-A1C, Class X-1 and Class PO-1 Certificates with respect to Loan Group 2 and (c) the Class 3-A1A1, Class 3-A1A2, Class 3-A1B, Class 3-A1C, Class X-3A, Class X-3B, Class PO-3A and Class PO-3B Certificates with respect to Loan Group 3.

Senior Certificate Group. As specified in the Preliminary Statement. Senior Credit Support Depletion Date: Not Applicable.

Senior Certificate Group. The Group 1 Senior Certificates, Group 2 Senior Certificates or Group 3 Senior Certificates as the context requires.

Senior Certificate Group. Senior Certificate Group I, Senior Certificate Group II, Senior Certificate Group III, Certificate Group IV or Senior Certificate Group V, as applicable.