Examples of Senior Mezzanine Certificates in a sentence
If the proceeds with respect to the Group II Mortgage Loans are not sufficient to pay all of the Group II Senior Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, then to the Senior Mezzanine Certificates, and then to the Group II Senior Certificates, in each case on a pro rata basis.
If the proceeds with respect to the Group I Mortgage Loans are not sufficient to pay all of the Group I Senior Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, then to the Senior Mezzanine Certificates, and then to the Group I Senior Certificates, in each case on a pro rata basis.
As a result of the subordination of the Senior Mezzanine Certificates and Subordinate Certificates in right of distribution, such Realized Losses on the Mortgage Loans will be borne first by the Subordinate Certificates in inverse order of their numerical Class designations, and then by the Senior Mezzanine Certificates.
As a result of the subordination of the Senior Mezzanine and Subordinate Certificates in right of distribution, such Realized Losses will be borne first by the Subordinate Certificates in inverse order of their numerical Class designations, and then by the Senior Mezzanine Certificates.
If the proceeds with respect to the Group 4 Mortgage Loans are not sufficient to pay all of the Group 4 Senior Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, then to the Senior Mezzanine Certificates, and then to the Group 4 Senior Certificates on a pro rata basis.
If the proceeds with respect to the Group III Mortgage Loans are not sufficient to pay all of the Group III Senior Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, then to the Senior Mezzanine Certificates, and then to the Group III Senior Certificates, in each case on a pro rata basis.
Any such reduction in the Accrued Certificate Interest on the Senior Mezzanine Certificates and Subordinate Certificates will be allocated on a pro rata basis in reverse order of the numerical designations of the Subordinate Certificates, commencing with the Class B-6 Certificates, and then will be allocated to the Class M Certificates.
Any such reduction in the Accrued Certificate Interest on the Senior Mezzanine Certificates and Subordinate Certificates will be allocated in reverse order of the Senior Mezzanine Certificates and Subordinate Certificates numerical designations, commencing with the Class B-6 Certificates.
As a result of the subordination of the Senior Mezzanine Certificates and Subordinate Certificates in right of distribution, such Realized Losses will be borne by the Subordinate Certificates in inverse order of their numerical Class designations and then by the Senior Mezzanine Certificates.
If the proceeds with respect to the Group 6 Mortgage Loans are not sufficient to pay all of the Group 6 Senior Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, then to the Senior Mezzanine Certificates, and then to the Group 6 Senior Certificates on a pro rata basis.