Examples of Super Senior Certificates in a sentence
Notwithstanding the above, all Realized Losses otherwise allocable to the Super Senior Certificates will be allocated to the related Component until the Component Principal Balance of such Component is reduced to zero.
After that, remaining Available Funds are distributed to compensate certificates for unpaid realized losses—that is, actual losses previously incurred by Super Senior Certificates, then Super Senior Support Certificates (and then potentially to Mezzanine Certificates) due to defaults in the underlying pool of mortgages.
Super Senior Certificates The Class I-A-4, Class I-A-6 and Class III-A-1 Certificates.
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.
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.