Class B-4 Certificate definition

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.

Class B-4 Certificate. Any one of the Class B-4 Certificates executed by the Depositor and authenticated by the Trustee, subordinated in right of payment to the Class A, Class M, Class B-1, Class B-2 and Class B-3 Certificates, substantially in the form of the Class B Certificate set forth in Exhibit E hereto.

Class B-4 Certificate. Any of the Class B-4 Certificates as designated on the face thereof, executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit C, evidencing the ownership of a “regular interest” in the Upper Tier REMIC created hereunder and representing the right to distributions as set forth herein and therein.

Examples of Class B-4 Certificate in a sentence

• No transfer of a Class B-4 Certificate will be made unless such transfer is exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws or is made in accordance with said Act and laws.

• The representations required in any investment letter shall be deemed to have been made in connection with a transfer of a Class B-4 Certificate that is a Book-Entry Certificate.

• Accordingly, the Certificate Principal Balance of this Class B-4 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein.

• On or prior to the date of the first sale of any Class B-4 Certificate, Class B-5 Certificate or Class B-6 Certificate to an Independent third party, the Depositor shall provide to the Trustee ten copies of any private placement memorandum or other disclosure document used by the Depositor in connection with the offer and sale of the Class B-4 Certificates, Class B-5 Certificates or Class B-6 Certificates.

• Reference is hereby made to the further provisions of this Class B-4 Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

More Definitions of Class B-4 Certificate

Class B-4 Certificate. Any Certificate designated as a “Class B-4 Certificate” on the face thereof, in the form of Exhibit A-3 hereto, representing the right to its Percentage Interest of distributions provided for the Class B-4 Certificates as set forth herein and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive Basis Risk Shortfall Carry Forward Amounts and (iii) the obligation to pay Class IO Distribution Amounts.

Class B-4 Certificate. Any Certificate designated as a "Class B-4 Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.

Class B-4 Certificate. Any one of the Class B-4 Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-14 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

Class B-4 Certificate. Any of the Class B-4A and Class B-4B Certificates.

Class B-4 Certificate. Any one of the Certificates with a "Class B-4" designation on the face thereof, substantially in the form of Exhibit A-9 attached hereto, and evidencing a "regular interest" in REMIC III for purposes of the REMIC Provisions.

Class B-4 Certificate. Any one of the Class B-4 Certificates executed by the Depositor and authenticated by the Trustee (or, if an Authenticating Agent has been appointed pursuant to

Class B-4 Certificate. Any one of the Class B-4 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B-2 and evidencing (i) an interest designated as a "regular interest" in REMIC II for purposes of the REMIC Provisions and (ii) the right to receive payments under the Hedge Agreement. Class B-4 Margin: Initially, 3.250% per annum, and on any Distribution Date on or after the first Distribution Date after the second possible Optional Termination Date, 4.875% per annum.