The Group I Class. A Certificates, the Group II Class A Certificates, the Mezzanine Group I Certificates, the Mezzanine Group II Certificates, the Class IB Certificates, the Class IIB Certificates and the Class R Certificate are collectively referred to herein as the "Certificates." Pursuant to the terms of the Agreement, the Paying Agent will distribute from funds in the Distribution Account the amounts described in the Pooling and Servicing Agreement on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on [Date]. Such distributions will be made to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month preceding the month in which such payment is made, or if such last day is not a Business Day, the Business Day immediately preceding such last day. Distributions on this Certificate will be made either by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, or by wire transfer in immediately available funds to the account of such Holder at a bank or other financial or depository institution having appropriate facilities therefor, if such Holder has so notified the Servicer in writing at least 5 Business Days prior to the first Distribution Date for which distribution by wire transfer is to be made, and such Holder's Certificates evidence an aggregate original principal balance of not less than $1,000,000 or such Holder holds a 100% Percentage Interest of such Class. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Servicer, of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office of the Servicer or at such other office as may be designated by such notice of final distribution. The Servicer will maintain or cause to be maintained a Certificate Register in which, subject to such reasonable regulations as it may prescribe, the Servicer will provide for the registration of Certificates and of transfers and exchanges of Certificates. Upon surrender for registration of transfer of any Certificate at any office or agency of the Servicer, or, if an Authenticating Agent has been appointed under the Agreement, the Authenticating Agent, maintained for such purpose, the Servicer, or, if an Authenticating Agent has been appointed under the Agreem...
The Group I Class. A Principal Distribution Amount shall be distributed on each Payment Date in the following order of priority:
(i) first, to the Class A-7 Certificates, in an amount equal to the lesser of (a) the Class A-7 Principal Distribution Amount for such Payment Date and (b) the Class A-7 Certificate Principal Balance on such Payment Date;
(ii) second, to the to the Class A-1 through the Class A-6 Certificates, sequentially, in the amounts necessary to reduce their respective Certificate Principal Balances to zero; and
(iii) third, to the Class A-7 Certificates, without regard to the Class A-7 Principal Distribution Amount, any remaining amount of the Group I Principal Distribution Amount for such Payment Date, until the Class A-7 Certificate Principal Balance has been reduced to zero.
The Group I Class. A Certificate Principal Balance, the Group II Class A Certificate Principal Balance and the Group III Class A Certificate Principal Balance (in each case, after giving effect to distributions on that date),
Examples of The Group I Class in a sentence
The Group I Class Rates apply statewide with the exception of the following territorial rates for properties located within the city’s corporate limits or the counties of Hillsborough and Miami-Dade.
The Group I Class A Certificates, the Group II Class A Certificates, the Mezzanine Group I Certificates and the Class IB Certificates are collectively referred to herein as the "Certificates".
The Group I Class A Certificates, the Group II Class A Certificates, the Group III Class A Certificates, each of the Mezzanine Certificates, the Class CE Certificates and the Class P Certificates (other than the right to receive amounts, if any, from the Net WAC Rate Carryover Reserve Accounts) shall be designated as the Regular Interests in REMIC III and the Class R-III Interest shall be designated as the Residual Interest in REMIC III.