Adjustable Rate Group Certificates definition

Adjustable Rate Group Certificates. The Class A-1A Certificates, the Class M-1A, the Class M-2A Certificates and the Class B-1A Certificates.
Sample 1

Examples of Adjustable Rate Group Certificates in a sentence

  • No later than the Closing Date, the Trustee will deposit in the Prefunding Account: (i) the Fixed Rate Group Prefunding Account Deposit from the proceeds of the sale of the Fixed Rate Group Certificates and (ii) the Adjustable Rate Group Prefunding Account Deposit from the proceeds of the sale of the Adjustable Rate Group Certificates.

  • All calculations of interest on the Adjustable Rate Group Certificates will be computed on the basis of the actual number of days elapsed in the related Interest Period and a year of 360 days.

  • Upon the termination of the Trust, or the payment in full of each Class of Adjustable Rate Group Certificates, all amounts remaining on deposit in the Supplemental Interest Reserve Fund will be released from the lien of the Trust and distributed to the Class C Certificateholders or their designee.

  • All calculations of interest on the Adjustable Rate Group Certificates and the Class A-1F Certificates will be computed on the basis of the actual number of days elapsed in the related Interest Period and a year of 360 days.

  • The Prepayment Assumption (as such term is defined in the Prospectus, dated as of December 16, 1997) for the Certificates shall be 24% HEP with respect to the Fixed Rate Group Certificates and 27% HEP with respect to the Adjustable Rate Group Certificates, as described in the Prospectus Supplement dated December 16, 1997 relating to the Offered Certificates.

  • No later than the Closing Date, the Trustee will deposit in the Prefunding Account the Prefunding Account Deposit from the proceeds of the sale of the Adjustable Rate Group Certificates.

  • No later than the Closing Date, the Trustee will deposit in the Purchase Account: (i) the Fixed Rate Group Purchase Account Deposit from the proceeds of the sale of the Fixed Rate Group Certificates and (ii) the Adjustable Rate Group Purchase Account Deposit from the proceeds of the sale of the Adjustable Rate Group Certificates.

  • The Prepayment Assumption (as such term is defined in the Prospectus, dated as of September 15, 1997) for the Certificates shall be 24% HEP with respect to the Fixed Rate Group Certificates and 27% HEP with respect to the Adjustable Rate Group Certificates, as described in the Prospectus Supplement dated September 15, 1997 relating to the Offered Certificates.

  • The Prepayment Assumption (as such term is defined in the Prospectus, dated as of [ ]) for the Certificates shall be [ ]% HEP with respect to the Fixed Rate Group Certificates and 27% HEP with respect to the Adjustable Rate Group Certificates, as described in the Prospectus Supplement dated [ ] relating to the Offered Certificates.

Related to Adjustable Rate Group Certificates

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Fixed Rate Certificates As specified in the Preliminary Statement.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Fixed Rate Certificate A Certificate that provides for a payment of interest at a Fixed Pass-Through Rate.

  • Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

  • LIBOR Certificates As specified in the Preliminary Statement.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Subordinate Certificates As specified in the Preliminary Statement.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • Class A Certificate Group The Group I Class A Certificates or the Group II Class A Certificates, as applicable.

  • Subordinate Certificate Any one of the Class M Certificates or Class B Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B and Exhibit C, respectively.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Offered Subordinate Certificates As specified in the Preliminary Statement.

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.

  • Certificate Margin As to any Class of LIBOR Certificates, the respective amount set forth below: Class Certificate Margin A-1 0.225% 0.450% A-2 0.290% 0.580% A-3 0.080% 0.160% A-4 0.240% 0.480% M-1 0.320% 0.640% M-2 0.430% 0.645% M-3 0.450% 0.675% M-4 0.480% 0.720% M-5 0.620% 0.930% M-6 0.650% 0.975% M-7 0.710% 1.065% M-8 1.650% 2.475% M-9 2.150% 3.225% M-10 2.250% 3.375% M-11 2.250% 3.375%

  • LIBOR Certificate Any Class A1, Class A2, Class A3, Class A4, Class A5, Class M1, Class M2, Class M3, Class M4, Class M5, Class M6, Class M7, Class M8, Class M9, Class B1 or Class B2 Certificate.

  • Class A Certificates As specified in the Preliminary Statement.

  • Mezzanine Certificates Collectively, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the Class M-9 Certificates and the Class M-10 Certificates.

  • Senior Subordinate Certificates The Class B1, Class B2 and Class B3 Certificates.

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Subordinate Certificate Writedown Amount As to any Distribution Date, the amount by which (i) the sum of the Class Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Amounts of the Certificates on such Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans for such Distribution Date.

  • Mezzanine Certificate Any Class M-1 Certificate, Class M-2 Certificate or Class M-3 Certificate.