Class B-1 Certificates definition

Class B-1 Certificates. All Certificates bearing the class designation of "Class B-1".
Class B-1 Certificates. The Certificates designated as “Class B-1” on the face thereof in substantially the form attached hereto as Exhibit A.
Class B-1 Certificates. Any Certificate designated as a "Class B-1 Certificate" on the face thereof, executed by the Trustee and authenticated by the Trustee in substantially the form set forth in Exhibit A, representing the right to distributions as set forth herein.

Examples of Class 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.


More Definitions of Class B-1 Certificates

Class B-1 Certificates. The Certificates designated as “Class B-1” on the face thereof in substantially the form attached hereto as Exhibit A. Class B-1-L Regular Interest: The uncertificated undivided beneficial interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein.
Class B-1 Certificates. All Certificates bearing the class designation of “Class B-1,” and evidencing (i) a REMIC Regular Interest in REMIC III, (ii) the right to receive the related Basis Risk CarryForward Amount and (iii) the obligation to pay any Class IO Distribution Amount.
Class B-1 Certificates. Any one of the Class B-1 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-1, executed by the Securities Administrator and authenticated and delivered by the Securities Administrator, representing the right to distributions as set forth herein and therein and evidencing a REMIC Regular Interest in REMIC 2.
Class B-1 Certificates shall have the meaning specified in subsection 1(a) of this Supplement.
Class B-1 Certificates. The Certificates designated as "Class X-x" on the face thereof in substantially the form attached hereto as Exhibit A-12. The Class B-1 Certificates, all of which are related to the Mortgage Loans in both Loan Group I and Loan Group II, shall be entitled to receive distributions related to such Mortgage Loans.
Class B-1 Certificates means the Class BF-1 Certificates and the Class ---------------------- BV-1 Certificates, collectively.
Class B-1 Certificates has the meaning specified in the preamble to this Agreement.