Class O Certificate definition

Class O Certificate. Any one of the Certificates with a "Class O" designation on the face thereof, substantially in the form of Exhibit A-18 attached hereto, and evidencing a "regular interest" in REMIC II for purposes of the REMIC Provisions.
Class O Certificate means any of the Certificates with a "Class O" designation on the face thereof, substantially in the form of Exhibit A-5 attached hereto, and evidencing a portion of a class of "regular interests" in the Upper-Tier REMIC for purposes of the REMIC Provisions.
Class O Certificate. Any one of the Class O Certificates executed, authenticated and delivered pursuant to Section 5.01, substantially in the form annexed hereto as Exhibit A-9, representing the right to distributions as set forth herein and therein and evidencing a regular interest in the Master REMIC.

Examples of Class O Certificate in a sentence

  • Any allocation of Realized Losses to a Class O Certificate or to a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated.

  • The Certificates consist of the following Classes: the Class A-1 and Class A-2 Certificates (the "Senior Certificates"), the Class M-1, Class M-2, Class B, and Class X Certificates (the "Subordinate Certificates"), and the Class O Certificate (the "Ownership Certificate").

  • Each owner of record of a Class O Certificate will be entitled to certain distributions, as described under Article IV of the Pooling and Servicing Agreement.

  • Any allocation of Realized Losses to a Class O Certificate, a Class B Certificate, or the Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated.

  • Any allocation of Realized Losses to a Class O Certificate, Class B Certificate or to a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated.


More Definitions of Class O Certificate

Class O Certificate. Any one of the Certificates executed and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-22 hereto.
Class O Certificate means any of the Certificates that collectively constitute the Class bearing the alphabetic class designation "O".
Class O Certificate. The Class O Certificate executed by the Trustee, and authenticated by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-3 and evidencing the sole class of Ownership Interest in the FASIT.
Class O Certificate. A Certificate designated as "Class O" on the face thereof, in the form of Exhibit A-24 hereto.
Class O Certificate. Any Class O Certificate executed by the Trust and authenticated by the Certificate Registrar, substantially in the form set forth in Exhibit E. Class O Certificateholder or Holder: Any owner of the Class O Certificates, as shown on the Certificate Register. Code: The Internal Revenue Code of 1986, as amended from time to time, and Treasury Regulations promulgated thereunder.
Class O Certificate representing the right to distributions as set forth herein and therein and evidencing a regular interest in the Master REMIC.
Class O Certificate. Any one of the Certificates executed and authenticated by the Trustee or the Authenticating Agent on behalf of the Depositor in substantially the form set forth in Exhibit A-17 hereto.