Group 2 Subordinate Certificates definition

Group 2 Subordinate Certificates. The Class 2-B1 Certificates, the Class 2-B2 Certificates, the Class 2-B3 Certificates, the Class 2-B4 Certificates, the Class 2-B5 Certificates and the Class 2-B6 Certificates.

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

Group 2 Subordinate Certificates. The Class MV-1, Class MV-2, Class BV-1 and Class BV-2 Certificates. Group 2 Subordinate Pass-Through Rate: The weighted average Pass-Through Rate for the Group 2 Subordinate Certificates (weighted on the basis of Certificate Principal Balance of each Class).

Examples of Group 2 Subordinate Certificates in a sentence

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

• Group 2 Subordinate Certificates The Group 2 Mezzanine Certificates and the Class 2-C Certificates.

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

• The "Net WAC Cap" for the Group 2 Subordinate Certificates is equal to the weighted average of the weighted average of the Net Mortgage Rates of the Group 2 Mortgage Loans, in each case adjusted for the related interest accrual period.

• The Group 1 Subordinate and/or Group 2 Subordinate Certificates, as the context requires.

• Each of Fitch and S&P; provided, that with respect to the Group 1 Subordinate Certificates and the Group 2 Subordinate Certificates, Fitch will be the sole Rating Agency.

• The interest only component will have a notional balance equal to the aggregate principal balance of Class 2-A-1, Class 2-A-2, Class 2-A-3 and the Group 2 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 Net Mortgage Rates of the Group 2 Mortgage Loans over (ii) the weighted average of the Certificate Interest Rates of the Class 2-A-1, Class 2-A-2, Class 2-A-3 and the Group 2 Subordinate Certificates; adjusted for the related interest accrual period.

• For any Distribution Date, the Net Deferred Interest on the Group 2 Mortgage Loans will be allocated among the Classes of Group 2 Senior Certificates and Group 2 Subordinate Certificates in proportion to the excess, if any, for each such Class of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class calculated at the applicable Adjusted Cap Rate for such Class.

• The Class 2-X Certificates will consist of one interest only component and one principal and interest component each related to the Class 2-A-1, Class 2-A-2, Class 2-A-3 and the Group 2 Subordinate Certificates.

More Definitions of Group 2 Subordinate Certificates

Group 2 Subordinate Certificates. As set forth in the Preliminary Statement. IndyMac: IndyMac Bank, F.S.B. and its successors and assigns.

Group 2 Subordinate Certificates. The Class 2-BIO Certificates and the Group 2 Class B Certificates.