Class M Certificates Sample Clauses
The 'Class M Certificates' clause defines a specific category of certificates issued under a securitization or trust agreement, typically representing a certain class of interests in the underlying asset pool. These certificates often have distinct payment priorities, rights to principal and interest, and risk profiles compared to other classes, such as senior or subordinate certificates. For example, Class M Certificates may receive payments only after senior classes are paid, but before more junior classes. The core function of this clause is to clearly delineate the rights and obligations of holders of Class M Certificates, thereby allocating risk and payment priority among different investors in the securitization structure.
Class M Certificates. Collectively, the Class M1, Class M2, Class M3, Class M4, Class M5, Class M6, Class M7, Class M8 and Class M9 Certificates.
Class M Certificates. 22 Class M-1 Certificate..................................................................................22 Class M-1 Principal Distribution Amount................................................................22 Class M-2 Certificate..................................................................................23 Class M-2 Principal Distribution Amount................................................................23 "Class M-3 Certificate"................................................................................23 Class M-3 Principal Distribution Amount................................................................23 Class M-4 Certificate..................................................................................24 Class M-4 Principal Distribution Amount................................................................24 Class M-5 Certificate..................................................................................24 Class M-5 Principal Distribution Amount................................................................24 Class M-6 Certificate..................................................................................25 Class M-6 Principal Distribution Amount................................................................25 Class M-7 Certificate..................................................................................25 Class M-7 Principal Distribution Amount................................................................25 Class M-8 Certificate..................................................................................26 Class M-8 Principal Distribution Amount................................................................26 Class M-9 Certificate..................................................................................26 Class M-9 Principal Distribution Amount................................................................27 Class M-10 Certificate.................................................................................27 Class M-10 Principal Distribution Amount...............................................................27 Class M-11 Certificate.................................................................................28 Class M-11 Principal Distribution Amount...............................................................28
Class M Certificates. 7 Class M-1 Certificate....................................................................................7 Class M-1 Principal Distribution Amount..................................................................8 Class M-2 Certificate....................................................................................8 Class M-2 Principal Distribution Amount..................................................................8 Class M-3 Certificate....................................................................................8 Class M-3 Principal Distribution Amount..................................................................9 Class M-4 Certificate....................................................................................9 Class M-4 Principal Distribution Amount..................................................................9 Class M-5 Certificate...................................................................................10 Class M-5 Principal Distribution Amount.................................................................10
Class M Certificates. 15 Class M-1 Certificate............................................................................ 15 Class M-2 Certificate............................................................................ 15 Class M-3 Certificate............................................................................ 15
Class M Certificates. 8 Class M-1 Certificate................................................................9 Class M-1 Principal Distribution Amount..............................................9
Class M Certificates. The Class 5-M-1, Class 5-M-2, Class 5-M-3, Class 5-M-4 and Class 5-M-5 Certificates.
Class M Certificates. ARTICLE I
Class M Certificates. 9 Class M and Group B Percentage.................................................................9
Class M Certificates. The Class I-M and Class II-M Certificates, referred to collectively. CLASS I-M CERTIFICATE: Any one of the Class I-M Certificates executed by the Depositor and authenticated by the Trustee (or, if an Authenticating Agent has been appointed pursuant to Section 4.06, the Authenticating Agent), subordinated in right of payment to the Class I-A Certificates, substantially in the form of the Class M Certificate set forth in Exhibit D hereto.
Class M Certificates. CLASS M-1 CERTIFICATE..................................................................................... CLASS M-2 CERTIFICATE..................................................................................... CLASS M-3 CERTIFICATE.....................................................................................