Subordinate Certificate Cap Contract definition

Subordinate Certificate Cap Contract. The confirmation and agreement and any related confirmation thereto, between the Trustee, on behalf of the Issuing Entity, and the Cap Contract Counterparty (in the form of Exhibit O-3 hereto), with respect to the Subordinate Certificates.
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Subordinate Certificate Cap Contract. The confirmation and agreement and any related confirmation thereto, between the Trust Fund or Trustee and the Cap Contract Counterparty (in the form of Exhibit N-3 hereto).
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Subordinate Certificate Cap Contract means a confirmation and agreement between the Securities Administrator and the Cap Contract Counterparty for the benefit of the Stack II Subordinate Certificates.
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Examples of Subordinate Certificate Cap Contract in a sentence

  • Amounts received on the Class A-1 Cap Contract will only be available to make payments on the Class A-1 and Class R certificates, amounts received on the Class A-2 Cap Contract will only be available to make payments on the Class A-2 certificates, amounts received on the Subordinate Certificate Cap Contract will only be available to make payments on the Subordinate Certificates.

  • Amounts received on the Class A-2 Cap Contract will only be available to make payments on the Class A-2 Certificates, amounts received on the Class A-3 Cap Contract will only be available to make payments on the Class A-3 Certificates, and amounts received on the Subordinate Certificate Cap Contract will only be available to make payments on the Class M and Class B Certificates.

  • Amounts received on the Class A-1 Cap Contract will only be available to make payments on the Class A-1 Certificates, amounts received on the Class A-2 Cap Contract will only be available to make payments on the Class A-2 Certificates, amounts received on the Subordinate Certificate Cap Contract will only be available to make payments on the Subordinate Certificates.


More Definitions of Subordinate Certificate Cap Contract

Subordinate Certificate Cap Contract. The confirmation and master agreement, dated as of June 27, 2006, between the Trustee, on behalf of the Issuing Entity, and the Cap Contract Counterparty (in the form of Exhibit O-3 hereto), with respect to the Subordinate Certificates.
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Related to Subordinate Certificate Cap Contract

  • 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 Certificates As specified in the Preliminary Statement.

  • Subordinate Certificate Writedown Amount As to any Distribution Date, the amount by which (i) the sum of the Class Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Amounts of the Certificates on such Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans for such Distribution Date.

  • Senior Certificate As defined in the Series Supplement.

  • Senior Certificate Group As specified in the Preliminary Statement.

  • Class A Certificate Group The Group I Class A Certificates or the Group II Class A Certificates, as applicable.

  • Senior Subordinate Certificates The Class B1, Class B2 and Class B3 Certificates.

  • Group 1 Certificate Any Class A-1 or Class A-R Certificate.

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Group 2 Certificate Any Class A-2 Certificate.

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Offered Subordinate Certificates As specified in the Preliminary Statement.

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Class A-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Super Senior Certificates As specified in the Preliminary Statement.

  • Junior Subordinate Certificates The Class B-4, Class B-5 and Class B-6 Certificates.

  • Senior Certificates As specified in the Preliminary Statement.

  • Group 1 Senior Certificates As specified in the Preliminary Statement.

  • 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.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Group 2 Senior Certificates As specified 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).

  • 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 M-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class M-1 Certificates.