Shifting Interest Certificates definition

Shifting Interest Certificates. The Class 1-A-R, Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-8,
Sample 1Sample 2
Shifting Interest Certificates. Any of the Group 1 Certificates, Group 2 Certificates, Group 3 Certificates, Group 4 Certificates, Group 5 Certificates and Group 6 Certificates.
Sample 1
Shifting Interest Certificates. The Class 1-A-R, Class 1-A-1, Class 1-A-2, Class 1-PO, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 2-A-5, Class 2-A-6, Class 2-A-7, Class 2-A-8, Class 2-A-9, Class 2-A-10, Class 2-A-11, Class 2-A-12, Class 2-A-13, Class 2-A-14, Class 2-A-15, Class 3-A-1, Class 3-A-2, Class 3-A-3, Class 3-IO, Class 4-A-1, Class 4-A-2, Class 5-A-1, Class 5-A-2, Class 5-A-3, Class 6-A-1, Class 7-A-1, Class 8-A-1, Class S-IO, Class S-PO, Class N-M, Class N-B-1, Class N-B-2, Class N-B-3, Class N-B-4, Class N-B-5, Class N-B-6, Class S-B-1, Class S-B-2, Class S-B-3, Class S-B-4, Class S-B-5 and Class S-B-6 Certificates.
Sample 1

Examples of Shifting Interest Certificates in a sentence

  • Realized Losses shall be allocated to the Certificates by a reduction in the Class Certificate Balances of the designated Classes (i) in the case of the Shifting Interest Certificates, pursuant to the operation of Section 5.04(b)(i) and (ii) in the case of the Overcollateralized Certificates, pursuant to the operation of Section 5.04(c).

  • All calculations of interest with respect to the Shifting Interest Certificates and the Class CE Certificates will be made on a 360-day year consisting of twelve (12) 30-day months.

  • All calculations of interest with respect to the Shifting Interest Certificates and the Overcollateralized Certificates (other than the Class T2-A-2 Certificates) will be made on a 360-day year consisting of twelve (12) 30-day months.

  • All calculations of interest with respect to the Shifting Interest Certificates (other than the Class X-A-1, Class X-A-2 and Class X-IO Certificates) and the Overcollateralized Certificates (other than the Floating Rate Certificates) and each interest-bearing Component will be made on a 360-day year consisting of twelve (12) 30-day months.

  • Notwithstanding any other provision of this Section 5.04(b), no Class Certificate Balance of a Class of Shifting Interest Certificates will be increased on any Distribution Date such that the Class Certificate Balance of such Class exceeds its Initial Class Certificate Balance less all distributions of principal previously distributed in respect of such Class on prior Distribution Dates.

  • All xxxxulations of interest with respect to the Shifting Interest Certificates and the Overcollateralized Certificates (other than the Class T-A-1A, Class T-A-2, Class T-A-3A, Class T-M-2, Class T-M-3, Class T-M-4 and Class T-M-5 Certificates) will be made on a 360-day year consisting of twelve (12) 30-day months.

  • All calcxxxxxons of interest with respect to the Shifting Interest Certificates and the Overcollateralized Certificates (other than the Class T-A-1A, Class T-A-2, Class T-A-3, Class T-A-4, Class T-M-2, Class T-M-3, Class T-M-4 and Class T-M-5 Certificates) will be made on a 360-day year consisting of twelve (12) 30-day months.


More Definitions of Shifting Interest Certificates

Shifting Interest Certificates. Any of the Group 1 Certificates, Group 2 Certificates and Group 3 Certificates.
Sample 1
Shifting Interest Certificates. The Class 1-A-R, Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11, Class 1-A-12, Class 1-A-13, Class 1-A-14, Class 1-A-15, Class 1-A-16, Class 1-A-17, Class 1-A-18, Class 1-A-19, Class 1-A-20, Class 1-A-21, Class 1-A-22, Class 1-A-23, Class 1-A-24, Class 1-A-25, Class 1-A-26, Class 1-A-27, Class 1-A-28, Class 1-A-29, Class 30-IO, Class 30-PO, Class 1-B-1, Class 1-B-2, Class 1-B-3, Class 1-B-4, Class 1-B-5 and Class 1-B-6 Certificates.
Sample 1
Shifting Interest Certificates. Class 2-A-R, Class 2-A-1, Class 3-A-1, Class 3-A-2, Class 3-A-3, Class 3-A-4, Class 3-A-5, Class X-B-1, Class X-B-2, Class X-B-3, Class X-B-4, Class X-B-5 and Class X-B-6 Certificates, each of which (other than the Class 2-A-R Certificate) represents a regular interest in the Shifting Interest Upper-Tier REMIC for purposes of the REMIC Provisions.
Sample 1
Shifting Interest Certificates. As defined in the Series Supplement.
Sample 1
Shifting Interest Certificates. The Certificates other than the Class PP Certificates.
Sample 1

Related to Shifting Interest Certificates

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Exchangeable Certificates As specified in the Preliminary Statement.

  • Corresponding Classes of Certificates With respect to each REMIC Regular Interest, any Class of Certificates appearing opposite such REMIC Regular Interest in Section 1.03 hereof.

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Investor Certificates means the Class A Certificates, the Class B Certificates and the Collateral Interest.

  • 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.

  • COFI Certificates As specified in the Preliminary Statement.

  • Residual Certificates As specified in the Preliminary Statement.

  • Class R-1 Certificate Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.

  • Class R Certificates All Certificates bearing the class designation of "Class R".

  • REMIC I Certificates The Class R-I Certificates.

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Principal Only Certificates As specified in the Preliminary Statement.

  • Trust Certificates means the asset backed certificates issued pursuant to the Trust Agreement, substantially in the form of Exhibit A to the Trust Agreement.

  • Accrual Certificates As specified in the Preliminary Statement.

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).