Class B-2 Certificateholder definition

Class B-2 Certificateholder means each Person in whose name a Class B-2 Certificate is registered in the Certificate Register.
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Class B-2 Certificateholder. Any Holder of a Class B-2 Certificate.
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Class B-2 Certificateholder means the Person in whose name a Class B-2 VFC is registered in the Certificate Register.
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Examples of Class B-2 Certificateholder in a sentence

  • The Class B-2 Certificateholder shall be the "tax matters partner" (within the meaning of the Code) with respect to the Master Trust Fund.

  • The Agreement permits, but does not require, the Class B-2 Certificateholder to make such purchase on any Distribution Date, subject to the condition that the aggregate Principal Balance of the outstanding Subsidiary Regular Interest Certificates at the time of purchase is less than 10% of the aggregate Principal Balance of the Subsidiary Regular Interest Certificates on the Cut-off Date.

  • Early retirement of the Subsidiary Regular Interest Certificates may be effected by a repurchase of the Mortgage Loans and related property in the Subsidiary Trust Fund by the Holder of the Subsidiary Residual Interest Certificate pursuant to a repurchase right similar to that provided to the Class B-2 Certificateholder.

  • The rights of the Class B-2 Certificateholder to receive distributions in respect of the Class B-2 Certificate on any Distribution Date are subordinated to the rights of the Class A Certificateholders and the Class B-1 Certificateholders to receive distributions to the extent set forth in the Agreement.

  • The Subsidiary Regular Interest Certificates included in the Master Trust Fund shall be subject to purchase at the option of the Class B-2 Certificateholder or its designee as permitted herein on any Optional Termination Date at the Subsidiary Regular Interest Repurchase Price specified herein.

  • The Class B-1 Certificateholders and the Class B-2 Certificateholder are deemed to have granted a security interest in such rights to the Class A Certificateholders to secure the rights of the Class A Certificateholders to receive distributions in priority over the Class B-1 Certificateholder and the Class B- 2 Certificateholder.

  • The rights of the Class B-2 Certificateholder to receive distributions in respect of the Class B-2 Certificate on any Distribution Date shall be subordinated to the rights of the Class A and Class B-1 Certificates to the extent, and only to the extent, that the Subordinated Class B-2 Amount as of the immediately preceding Determination Date is greater than zero.

  • The Class B-2 Certificateholder shall give notice to the Master Servicer and the Master Servicer shall give notice to the Rating Agency of the Class B-2 Certificateholder's election to purchase the Subsidiary Regular Interest Certificates pursuant to this Section 15.02 and of the Optional Termination Date.

  • Amounts properly distributed to the Class B-2 Certificateholder pursuant to the Agreement will be deemed released from the Master Trust Fund, and the Class B-2 Certificateholder will not in any event be required to refund any such distributed amounts.

  • Amounts held by the Master Servicer or the Trustee for future distribution to the Class B-1 Certificateholders and the Class B-2 Certificateholder, including, without limitation, in the Master Distribution Account, shall not be distributed in respect of the Class B-1 Certificates or the Class B-2 Certificate, except in accordance with the terms of this agreement.

Related to Class B-2 Certificateholder

  • Class A-2 Certificateholder The registered holder of a Class A-2 Certificate.

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.

  • Class A-3 Certificateholder The registered holder of a Class A-3 Certificate.

  • Class A-4 Certificateholder The registered holder of a Class A-4 Certificate.

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Class A-R Certificateholder The registered holder of the Class A-R Certificate.

  • Class A Certificateholder means the Person in whose name a Class A Certificate is registered in the Certificate Register.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • Junior Certificateholder The Holder of not less than 95% of the Percentage Interests of the Junior Class of Certificates.

  • Class D Certificateholder means the Person in whose name a Class D Certificate is registered in the Certificate Register.

  • Class B-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Class R Certificateholder The registered Holder of the Class R Certificate.

  • Class B-2 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-2 and Exhibit C hereto. Class B-2 Certificateholder: The registered holder of a Class B-2 Certificate.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Class B-4 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • Applicable Certificateholder Means the Person in whose name an Applicable Certificate is registered on the Register for the Applicable Certificates.

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Class B-1 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-1 and Exhibit C hereto. Class B-1 Certificateholder: The registered holder of a Class B-1 Certificate.

  • Class A-2 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-2 hereto.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Remaining Certificateholder Any Holder (or Holders provided they act in unanimity) holding 100% of the Certificates (other than the Class S and Class R Certificates) or an assignment of the voting rights thereof; provided, however, that the Certificate Balances of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class A-S, Class B, Class C and Class D Certificates and the Notional Amounts of the Class X-A, Class X-B and Class X-D Certificates have been reduced to zero.

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".