B-1 Certificates definition

B-1 Certificates. The Certificates designated as “Class 3-B-1” on the face thereof in substantially the form attached hereto as Exhibit A.
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B-1 Certificates. The Certificates designated as "Class D-B-1" on the face thereof in substantially the form attached hereto as Exhibit A.
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B-1 Certificates. All Certificates bearing the class designation of "Class B-1."
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Examples of B-1 Certificates in a sentence

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and the interest portion of certain Realized Losses allocated to the Class B-1 Certificates, as described in the Agreement.

  • The rights of the Class B-1 Certificateholders to receive distributions in respect of the Class B-1 Certificates on any Distribution Date shall be subordinate to the rights of the Class A and Class M Certificateholders to receive distributions in respect of such Class A and Class M Certificates.

  • Each Class of Class B Certificates (other than the Class B-1 Certificates) is subordinated to the Class A Certificates, the Class M Certificates and each Class of Class B Certificates having a lower numerical class designation than such Class of Class B Certificates.

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and any Relief Act Shortfall allocated to the Class B-1 Certificates, as described in the Agreement.

  • The pass-through rate on the Class B-1 Certificates applicable to each Distribution Date will be 6.500% per annum.

  • The pass-through rate on the Class B-1 Certificates applicable to each Distribution Date will be 6.750% per annum.

  • The pass-through rate on the Class B-1 Certificates applicable to each Distribution Date will be 6.250% per annum.

  • The pass-through rate on the Class B-1 Certificates applicable to each Distribution Date will be 6.000% per annum.

  • The Servicer shall prepare and furnish to the Trustee the statements specified below relating to the Class A Certificates, Class M-1 Certificates, Class B-1 Certificates and Class B-2 Certificates on or before the third Business Day next preceding each Remittance Date.

  • The Class B-1 Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement.


More Definitions of B-1 Certificates

B-1 Certificates. The Certificates designated as "Class D-B- 1" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-1-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-2 Certificates: The Certificates designated as "Class D-B- 2" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-2-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-3 Certificates: The Certificates designated as "Class D-B- 3" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-3-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-4 Certificates: The Certificates designated as "Class D-B- 4" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-4-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-5 Certificates: The Certificates designated as "Class D-B- 5" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-5-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-6 Certificates: The Certificates designated as "Class D-B- 6" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-6-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-Y Regular Interests: The Class D-Y-1 and Class D-Y-2 Regular Interests. Class D-Y-1 Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein. Class D-Y-1 Principal Distribution Amount: For any Distribution
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