Senior Support Certificates definition
Examples of Senior Support Certificates in a sentence
The following defined terms under the Preliminary Statement of the Agreement are hereby amended and restated in their entirety for all purposes of the Agreement to read as follows: Senior Support Certificates The Class I-A-4 Certificates.
A Class of Exchangeable Certificates received in exchange of a Class of Exchangeable REMIC Certificates which are Super Senior Support Certificates will be allocated a proportionate share of the principal portion of Realized Losses allocated to such Class of Super Senior Support Certificates in the Exchangeable REMIC Combination.
For purposes of the foregoing two paragraphs, any references to the Class Certificate Balance of a Class of Super Senior Certificates or Super Senior Support Certificates that are Exchangeable REMIC Certificates refer to the Calculation Balance of such Class.
Notwithstanding the foregoing, the restrictions contained in the immediately preceding paragraph shall no longer apply to the Senior Support Certificates and the Class M Certificates if the Company or the Master Servicer delivers to the Trustee an Officer's Certificate stating that amendments proposed by the United States Department of Labor (the "DOL") to be made to Prohibited Transaction Exemption 91-14, 56 Fed.
Following the Cross-Over Date, the interest portion of Realized Losses on the Mortgage Loans will be allocated, FIRST, to the Senior Support Certificates, and then, to the Super Senior Certificates.