Stripped Certificates definition

Stripped Certificates if applicable, means Certificates of any Class that are entitled to (a) principal distributions, with disproportionate, nominal or no interest distributions, or (b) interest distributions, with disproportionate, nominal or no principal distributions.
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Examples of Stripped Certificates in a sentence

  • The current offering circular for our Supers, Giant MBS, Stripped Certificates, Callable Pass-Through Certificates and Structured Pass-Through Certificates and any related supplements.

  • Xxxxxxx Mac Stripped Certificates: Xxxxxxx Mac-issued stripped securities.

  • Similarly, a Holder of an Underlying Security that has been reconstituted by such an exchange may exchange such Underlying Security for equivalent interests in the related Stripped Certificates.

  • Certificate contains a single security referred to an “Underlying Security.” Stripped Certificates include MACS.

  • A Holder of interests in the principal and notional principal amounts of Classes issued in respect of the same Series of Stripped Certificates may exchange such interests, in proper proportions and amounts, with the Administrator for an equivalent principal amount of the Underlying Security.

  • The procedures for exchanges involving Stripped Certificates shall be upon the terms and conditions specified in Appendices II and III of the Offering Circular and the related Terms Supplement or as otherwise specified by the Administrator from time to time.

  • Freddie Mac Stripped Certificates: Freddie Mac-issued stripped securities.

  • Xxxxxxx Xxx Stripped Certificates: Xxxxxxx Xxx-issued stripped securities.

  • Pass-Through Certificates: Supers, Giant MBS, Stripped Certificates, Stripped Interest Certificates, CPCs and SPCs.

  • Stripped Certificates designated by Freddie Mac as MACS, which are issuable in many Classes that are exchangeable for other Classes of the same Series.

Related to Stripped Certificates

  • Related Certificates For each interest in the Upper Tier REMIC, the Class of Certificates listed on the same row in the table entitled "Upper Tier REMIC" in the Preliminary Statement.

  • Retained Certificates The Certificates initially retained by the Depositor pursuant to the Trust Agreement.

  • Insured Certificates The Class A-1 Certificates.

  • Subordinated Certificates As specified in the Preliminary Statement.

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

  • 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 D Certificates “Class E Certificates,” “Class F Certificates,” “Class G Certificates,” “Class H Certificates,” “Class V Certificates” and “Class R Certificates” mean, in each such case, the Certificates designated as “Class A-1,” “Class A-2,” “Class A-SB,” “Class A-3,” “Class A-4,” “Class A-5,” “Class A-S,” “Class X-A,” “Class X-B,” “Class X-C,” “Class B,” “Class PST,” “Class C,” “Class D,” “Class E,” “Class F,” “Class G,” “Class H,” “Class V” and “Class R,” respectively, on the face thereof, in substantially the forms attached hereto as Exhibits A-1 to A-20.

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

  • Registered Certificates shall have the meaning specified in Section 6.01.

  • Group III Certificates The Group III-A Certificates.

  • COFI Certificates As specified in the Preliminary Statement.

  • Non-Reduced Certificates As of any date of determination, any Class of Principal Balance Certificates then outstanding for which (a)(1) the initial Certificate Balance of such Class of Certificates minus (2) the sum (without duplication) of (x) the aggregate payments of principal (whether as principal prepayments or otherwise) previously distributed to the Holders of such Class of Certificates as of such date of determination, (y) any Appraisal Reduction Amounts allocated to such Class of Certificates as of such date of determination and (z) any applicable Realized Losses previously allocated to such Class of Certificates as of such date of determination, is equal to or greater than (b) 25% of the remainder of (i) the initial Certificate Balance of such Class of Certificates less (ii) any payments of principal (whether as principal prepayments or otherwise) previously distributed to the Holders of that Class of Certificates as of such date of determination.

  • 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.

  • Private Certificates As specified in the Preliminary Statement.

  • Group I Certificates The Class A-1 Certificates.

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

  • 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.

  • Group 4 Certificates As specified in the Preliminary Statement.

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

  • Exchangeable Certificates The Class A-S, Class B, Class C and Class PEX Certificates.

  • Class AA Certificates means Pass Through Certificates issued by the Class AA Pass Through Trust.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • New Certificates has the meaning set forth in Section 2.05(a).

  • Class B-3 Certificates All Certificates bearing the class designation of "Class B-3".