Class PPP Certificates definition

Class PPP Certificates. The Certificates designated as “Class PPP” on the face thereof in substantially the form attached hereto as Exhibit A.
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Class PPP Certificates. The Class C-PPP Certificates.
Sample 1

Examples of Class PPP Certificates in a sentence

  • The REMIC I Regular Interests, the Class PPP Certificates and the Class R-1 Residual Interest shall together be a separate series of beneficial interests in the assets of the Trust consisting of the Mortgage Pool Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Furthermore, on each Distribution Date, the Trustee shall on behalf of the Trust withdraw from the Certificate Account and distribute to the Holders of the Class PPP Certificates, the Assigned Prepayment Premiums for such Distribution Date.

  • The Trust, as payment of the purchase price of the Mortgage Pool Assets, shall, on the Closing Date, issue (i) the REMIC I Regular Interests and the Class R-1 Residual Interest to the Company and (ii) the Class PPP Certificates to the Company or the Company’s designee in Authorized Denominations.

  • On the Closing Date, the Company will acquire the REMIC I Regular Interests, the Class PPP Certificates and the Class R-1 Residual Interest from the Trust as consideration for its transfer to the Trust of the Mortgage Loans and certain other assets and will be the owner of the REMIC I Regular Interests, the Class PPP Certificates and the Class R-1 Residual Interest.

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  • The Trustee acknowledges that all Mortgage Pool Assets, Mortgage Files and related documents and property held by it at any time are held by it as Trustee of the Trust for the benefit of the holders of the REMIC I Regular Interests, the Class PPP Certificates and the Class R-1 Residual Interest.

  • The Trust, as payment of the purchase price of the REMIC II Regular Interests, shall issue the Certificates (other than the Class R and Class PPP Certificates) to the Company or the Company’s designee on the Closing Date in Authorized Denominations.

  • The Trustee hereby acknowledges and accepts on behalf of the Trust the assignment to the Trust pursuant to Section 2.15 of the REMIC II Regular Interests and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Regular Interests, and the REMIC II Regular Interests, as Trustee in trust, upon the trust herein set forth, for the use and benefit of all present and future Holders of the Certificates (other than the Class R and Class PPP Certificates).

  • Thereafter, on the Closing Date, the Company will acquire the Certificates (other than the Class PPP Certificates) from the Trust as consideration for its transfer to the Trust of the REMIC II Regular Interests and will be the owner of the Certificates (other than the Class PPP Certificates).

  • The Certificates (other than the Class R and Class PPP Certificates) shall together be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Regular Interests and the Yield Maintenance Agreement pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

Related to Class PPP Certificates

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

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

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

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

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

  • Group III Certificates The Group III-A Certificates.

  • Class H Certificate means any of the Certificates with a "Class H" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class P Certificate Any one of the Class P Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class X Certificates All Certificates bearing the class designation of "Class X".

  • Group II Certificates The Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates.

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

  • Class M Certificates Any of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5 and Class M-6 Certificates.

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • REMIC I Certificates The Class R-I Certificates.

  • Class B-3 Certificates All Certificates bearing the class designation of "Class B-3".

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

  • Group 4 Certificates As specified in the Preliminary Statement.

  • 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 R Certificates All Certificates bearing the class designation of "Class R".

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.