Examples of Class A-3 Certificate in a sentence
Class A-3 Certificate: Any one of the Class A-3 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit A, senior to the Class M, Class SB and Class R Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC III for purposes of the REMIC Provisions.
The Class A3 Certificates will consist of two payment components, the A3(1) Component relating to pool 2 and the A3(2) Component relating to pool 3; however, the holder of a Class A3 Certificate will not have a severable interest in either of its components, but rather an undivided interest in the entire class.