Group 1 Subordinate Certificates definition

Group 1 Subordinate Certificates. The Class 1-B1 Certificates, the Class 1-B2 Certificates, the Class 1-B3 Certificates, the Class 1-B4 Certificates, the Class 1-B5 Certificates and the Class 1-B6 Certificates.

Group 1 Subordinate Certificates. As set forth in the Preliminary Statement.

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

Examples of Group 1 Subordinate Certificates in a sentence

• Subordinate Certificates The Group 1 Subordinate Certificates and Group 2 Subordinate Certificates.

• The NWWRAC submitted a short comment to the Commission on the initial MoU.

• The Group 1 Senior, Group 1 Mezzanine and Group 1 Subordinate Certificates.

• Group 1 Subordinate Certificates The Group 1 Mezzanine Certificates and the Class 1-C Certificates.

• It will accrue interest on its notional balance on each Distribution Date at a Certificate Interest Rate equal to the excess of (i) the weighted average of the related Net Mortgage Rates of the subgroup 1C loans over (ii) the weighted average of the Certificate Interest Rates of the Class 1-A-1, Class 1-A-2, Class 1-A-3 and the Group 1 Subordinate Certificates; adjusted for the related interest accrual period.

• Group 1 Subordinate Certificates The Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5 and Class 1-X Certificates.

• An owner unaffiliated with the Company or the Servicer of (i) a 100% interest in the Class of Group L-B Certificates with the lowest priority, (ii) a 100% interest in the Class of Group 1 Subordinate Certificates with the lowest priority or (iii) a 100% interest in a class of securities representing such interest in such Class specified in clause (i) or (ii) above.

• Distributions on the Group 1 Subordinate Certificates will be primarily derived from the Group 1 Mortgage Loans (as described herein).

• For purposes hereof, a Realized Loss experienced by Collateral Group 1 shall relate to each Class of Group 1 Subordinate Certificates and a Realized Loss experienced by Collateral Group 2, 3, 4, 5 or 6 shall relate to each Class of Group 2-6 Subordinate Certificates.

• It will accrue interest on its notional balance on each Distribution Date at a Certificate Interest Rate equal to the excess of (i) the weighted average of the related Net Mortgage Rates of the subgroup 1B loans over (ii) the weighted average of the Certificate Interest Rates of the Class 1-A-1, Class 1-A-2, Class 1-A-3 and the Group 1 Subordinate Certificates; adjusted for the related interest accrual period.

More Definitions of Group 1 Subordinate Certificates

Group 1 Subordinate Certificates. The Class MF-1, Class MF-2, Class BF-1 and Class BF-2

Group 1 Subordinate Certificates. The Group 1 Class B Certificates.

Group 1 Subordinate Certificates. Collectively, the Class 1-M1, Class 1-M2, Class 1-M3, Class 1-M4, Class 1-M5, Class 1-M6, Class 1-M7 and Class 1-M8 Certificates.

Group 1 Subordinate Certificates. Collectively, the Class 1-M1, Class 1-M2, Class 1-M3, Class 1-M4 and Class 1-M5 Certificates. Group 2 Subordinate Certificates: Collectively, the Class 2-M1, Class 2-M2, Class 2-M3, Class 2-M4 and Class 2-M5 Certificates. Holder or Certificateholder: The registered owner of any Certificate as recorded on the books of the Certificate Registrar except that, solely for the purposes of taking any action or giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor, the Trustee, the Master Servicer, the Securities Administrator, any Servicer or the Credit Risk Manager or any Affiliate thereof shall be deemed not to be outstanding in determining whether the requisite percentage necessary to effect any such consent has been obtained, except that, in determining whether the Trustee shall be protected in relying upon any such consent, only Certificates which a Responsible Officer of the Trustee knows to be so owned shall be disregarded. The Trustee and any NIMS Insurer may request and conclusively rely on certifications by the Depositor, the Master Servicer, the Securities Administrator, the applicable Servicer or the Credit Risk Manager in determining whether any Certificates are registered to an Affiliate of the Depositor, the Master Servicer, the Securities Administrator, any Servicer or the Credit Risk Manager. After a Section 7.01(c) Purchase Event, other than in Sections 5.02(b) through (j) and 11.03(a) and (b) and, except in the case of the Class LT-R Certificates, Sections 3.03, 3.04, 3.05, 3.06, 3.07 and 3.09 herein, all references in this Agreement to “Holder” or “Certificateholder” shall be deemed to be references to the LTURI-holder, as recorded on the books of the Certificate Registrar, as holder of the Lower Tier Uncertificated REMIC 1 Regular Interests.

Group 1 Subordinate Certificates. The Group 1 Mezzanine Certificates and the Class 1-CE Certificates.