Exchangeable Certificates definition

Exchangeable Certificates. As specified in the Preliminary Statement.

Exchangeable Certificates. The Class A-S, Class B, Class C and Class PEX Certificates.

Exchangeable Certificates. The Class A-S, Class B and Class C Certificates.

Examples of Exchangeable Certificates in a sentence

• The Depositor hereby designates the Classes of Senior Certificates (other than the Class 1-A-R, Class 3-A-1, Class 30-IO and Exchangeable Certificates), the IO Components, the Class 3-A-1 Interest and the Classes of Subordinate Certificates as "regular interests" and the Class UR Interest as the single class of "residual interest" in the Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

• As provided herein, the Securities Administrator shall make elections to treat the Trust Estate (exclusive of the Yield Maintenance Agreement, the Reserve Fund and the Exchangeable Certificates Grantor Trust Account) as three real estate mortgage investment conduits (the "Upper-Tier REMIC," the "Intermediate Lower-Tier REMIC" and the "Lower-Tier REMIC," respectively, and each a "REMIC").

• The Senior Certificates (other than the Class 1-A-R, Class 30-IO, Class 3-A-1 and Exchangeable Certificates), the Class 3-A-1 Interest, the Components, the Class M Certificates and the Class B Certificates are referred to collectively as the "Upper-Tier Regular Interests" and shall constitute "regular interests" in the Upper-Tier REMIC for purposes of the REMIC Provisions.

More Definitions of Exchangeable Certificates

Exchangeable Certificates. Each Class of Certificates identified as such in Appendix A hereto and issued hereunder.

Exchangeable Certificates. The Class V-2A Certificates, Class V-2B Certificates, Class V-2C Certificates, Class V-2D Certificates, Class V-2E Certificates, Class V-3AB Certificates, Class V-3C Certificates, Class V-3D Certificates, Class V-3E Certificates and the Certificates constituting the VRR Interest, collectively.

Exchangeable Certificates. The Certificates designated as Exchangeable Certificates in the Preliminary Statement issued or issuable pursuant to the Trust Agreement in exchange for and in accordance with the Trust Agreement for the applicable Exchangeable REMIC Certificates.

Exchangeable Certificates. The Class 1A-1, Class 1A-6, Class 1A-7, Class 1A-11, Class 2A-1, Class 2A-3 and Class 3A-3 Certificates.

Exchangeable Certificates. The Certificates designated as Exchangeable Certificates in Section 4.01 issued or issuable pursuant to the Trust Agreement in exchange for the applicable Exchangeable Initial Certificates in accordance with the Trust Agreement.

Exchangeable Certificates. The Class V-1 Certificates, the Class V-2A Certificates, Class V-2B Certificates, Class V-2C Certificates, Class V-2D Certificates, Class V-2E Certificates, Class V-3AC Certificates, Class V-3D Certificates and Class V-3E Certificates, collectively.

Exchangeable Certificates. The Class A-3, Class A-4, Class A-5, Class A-8, Class A-10, Class A-12, Class A-13, Class A-14, Class A-15, Class A-16, Class A-17, Class A-18, Class A-19, Class A-20, Class A-21, Class A-22 and Class A-23 Certificates.