Examples of Super Senior Certificates in a sentence
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.
A Class of Exchangeable Certificates received in an exchange of a Class of Exchangeable REMIC Certificates which are Super Senior Certificates, will be allocated a proportionate share of any decrease in the principal portion of Realized Losses allocated to such Class of Super Senior Certificates in the Exchangeable REMIC Combination.
All Realized Losses, other than Excess Losses, shall be allocated, first, to the Net Monthly Excess Cash Flow for such Distribution Date; second, to the Class R-I Certificates; third, to the Class A-3 Certificates; and fourth, to the Super Senior Certificates on a pro rata basis.
Any reduction of an increase in balance of a Class of Super Senior Certificates in an Exchangeable REMIC Combination as a result of the application of the preceding paragraph will be allocated between such Class and the Related Exchangeable Class.
The "Senior Certificates" will consist of the Class A-1, Class A-2A, Class A-2B, Class A-3A, Class A-3B, Class A-4, Class A-5, Class A-6, Class A-7 (the "Super Senior Certificates"), Class A-8 Certificates (the "Senior Mezzanine Certificates", together with the Super Senior Certificates, the "Class A Certificates") and Class R Certificate.