Group III Certificates definition

Group III Certificates. The Group III-A Certificates.
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Group III Certificates. As set forth in the Preliminary Statement.
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Group III Certificates. The Class A-3A, Class A-3B, Class A-3C and Class A-3D Certificates.
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Examples of Group III Certificates in a sentence

  • This excess interest will be applied to pay principal on the Group III Certificates in order to create and maintain the required level of overcollateralization.

  • Subordination: The Group I, Group II and Group III Certificates will receive distributions of interest and principal before the Group C-B Certificates are entitled to receive distributions of interest or principal.

  • The Group C-B Certificates absorb most losses on the group I, II and III mortgage loans prior to the Group I, Group II and Group III Certificates.

  • Cross-Collateralization: In certain limited circumstances, principal and interest collected from any of the loan group I and II mortgage loans may be used to pay principal or interest, or both, to Senior Certificates (other than the Group III Certificates) unrelated to that loan group.

  • On any distribution date on which the aggregate outstanding stated principal balance of the group III mortgage loans is less than or equal to 5% of their aggregate Cut-off Date Principal Balance, Fairbanks may, but will not be required to, purchase from the trust all remaining group III mortgage loans, thereby causing an early retirement of and a principal prepayment on the Group III Certificates.


More Definitions of Group III Certificates

Group III Certificates. The Class III-A-1 and Class III-A-2 Certificates.
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Group III Certificates. The Class III-A-1, Class M-X, Class A-PO-2 and Class R Certificates.
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Group III Certificates. As specified in the Preliminary Statement.
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Group III Certificates. The Class 3-A-1-1, Class 3-A-1-2, Class 3-A-2-1, Class 3-A-2-2, Class 3-M-1, Class 3-M-2, Class 3-M-3, Class 3-M-4 and Class 3-X Certificates.
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Group III Certificates. The Class AV-2, Class AV-3 and Class AV-4 Certificates.
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Group III Certificates. The Class III-A-1, Class III-X and Class III-P Certificates. Group III-L Regular Interests: The Class III-A-1-L, Class III-X-L and Class III-P-L Regular Interests.
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Group III Certificates. The Class III-A-1, Class III-A-2, Class III-A-3, Class III-A-4, Class III-A-5, Class III-A-6, Class III-A-IO, Class III-M-1, Class III-M-2, Class III-M-3, Class III-CE, Class III-P and Class III-R Certificates.
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