Subordinate Certificate definition

Subordinate Certificate. Any one of the Class M Certificates or Class B Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B and Exhibit C, respectively.

Subordinate Certificate. Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Certificates.

Subordinate Certificate. Any Class A-S, Class B, Class C, Class D, Class E, Class F and Class NR Certificate.

Examples of Subordinate Certificate in a sentence

• Losses allocated to the Class B Certificates will not be covered by the Subordinate Certificate Loss Obligation.

• Fraud Losses, Excess Bankruptcy Losses and Extraordinary Losses allocated to the Class B Certificates will not be covered by the Subordinate Certificate Loss Obligation.

• Any such increases shall be applied to the Certificate Principal Balance of each Subordinate Certificate of such Class in accordance with its respective Percentage Interest.

• Any such increases shall be applied to the Current Principal Amount of each Subordinate Certificate of such Class in accordance with its respective Fractional Undivided Interest.

• Each Person who, at any time, acquires any ownership interest in any Junior Subordinate Certificate shall be deemed by the acceptance or acquisition of such ownership interest to have agreed to be bound by the provisions of such Section 5.1(e) and Section 5.1(f), as applicable.

More Definitions of Subordinate Certificate

Subordinate Certificate. Any Class M1, Class M2, Class M3, Class M4, Class M5, Class B or Class X Certificate.

Subordinate Certificate. Any Class B Certificate.

Subordinate Certificate means any Class A-M, Class A-J, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class P, Class Q, Class S or Class T Certificate or any Residual Interest Certificate.

Subordinate Certificate. Any one of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Certificates.

Subordinate Certificate. Any of the Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 or Class B-3 Certificates.

Subordinate Certificate. Any of the Class B-1, Class B-2, Class B-3, Class B-4 or Class B-5 Certificates. Subordinate Class Percentage: As to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the Class Principal Amount of such Class on such date, and the denominator of which is the aggregate of the Class Principal Amounts of all Classes of Subordinate Certificates on such date.

Subordinate Certificate. Any Class M Certificate.