Class P Certificates definition

Class P Certificates. All Certificates bearing the class designation of "Class P".
Class P Certificates. As set forth in the Preliminary Statement.
Class P Certificates. The Certificates designated as "Class P" on the face thereof in substantially the form attached hereto as Exhibit A.

Examples of Class P Certificates in a sentence

  • On each Distribution Date, the Trustee will withdraw all prepayment charges in the Distribution Account and distribute them to the Class P Certificates.

  • The Class P Certificates will be entitled to all prepayment premiums or charges received in respect of the mortgage loans.

  • The Class P Certificates will not be entitled to distributions in respect of interest.

  • The $100 will be withdrawn from a reserve account established by the Trustee and funded by the Depositor on the Closing Date for the purposes of making distributions on the Class A-R and Class P Certificates.

  • The Class P Certificates and the Residual Certificates are not entitled to distributions in respect of interest and, accordingly, will not accrue interest.


More Definitions of Class P Certificates

Class P Certificates. The Class I-P and Class II-P Certificates. As such term is used herein, the Class I-P Certificates are "related" to the Class I-P Mortgage Loans and the Class II-P Certificates are "related" to the Class II-P Mortgage Loans.
Class P Certificates. The Class 1-P Certificates and the Class 2-P Certificates.
Class P Certificates. Any one of the Class P Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-4, executed by the Trustee and authenticated and delivered by the Trustee representing the right to distributions as set forth herein and therein and evidencing a REMIC Regular Interest in REMIC 4.
Class P Certificates. The Class P-I and Class P-II Certificates, referred to collectively.
Class P Certificates. CLASS Q CERTIFICATES," "CLASS S CERTIFICATES," "CLASS R-I CERTIFICATES," "CLASS R-II CERTIFICATES", "CLASS R-III CERTIFICATES," or "CLASS R-EA CERTIFICATES," mean the Certificates designated as "Class A-1," "Class A-2," "Class X-0," "Xxxxx X-XX," "Class X-0," "Xxxxx X-X," "Class X-1," "Class X-2," "Class B," "Class C," "Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class P," "Class Q," "Class S," "Class R-I," "Class R-II", "Class R-III" and "Class R-EA" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.
Class P Certificates. All Certificates bearing the Class designation of “Class P Certificates” representing the right to distributions as set forth herein and therein and representing a regular interest in REMIC IV for purposes of the REMIC Provisions.
Class P Certificates. Class I-P and Class II-P Certificates.