Group 9 Certificates definition

Group 9 Certificates. As specified in the Preliminary Statement.

Group 9 Certificates. The Classes designated as such in the table in Section 3.01 hereof.

Group 9 Certificates. The Class 28-S Certificates and the Classes of Certificates specified in Section 3.02 under the heading “Group 9 Distribution Amount”.

Examples of Group 9 Certificates in a sentence

• Group 9 Certificates The Class 9-A-1, Class 9-A-2, Class 9-A-3, Class 9-A-4 and Class 9-A-5 Certificates.

• Group 9 Certificates The Class 9-A-1 and Class 9-A-2 Certificates.

• The Group 1 Certificates, Group 2 Certificates, Group 3 Certificates, Group 4 Certificates, Group 5 Certificates, Group 6 Certificates, Group 7 Certificates, Group 8 Certificates and Group 9 Certificates.

• On any distribution date, if the current interest rate (calculated on the basis of the lesser of (x) one-month LIBOR plus the applicable certificate margin and (y) the maximum interest rate) on any Class of Group 9 Certificates (other than the Class 9-X Certificates) is limited by the related net funds cap, such difference will constitute a basis risk shortfall.

• Group 9 net funds caps The annual pass-through rates on each Class of the Group 9 Certificates (other than the Class 9-X Certificates) are subject to the net funds caps.

• The Group 1 Certificates, Group 2 Certificates, Group 3 Certificates, Group 4 Certificates, Group 5 Certificates, Group 6 Certificates, Group 7 Certificates, Group 8 Certificates, Group 9 Certificates and Group 10 Certificates.

• In the event that, as to any Trust MBS, there shall be a Default Under the MBS Trust Indenture or an Event of Default Under the MBS Trust Indenture, the Holders of Group 9 Certificates may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such MBS Trust Indenture shall be permitted to take in respect thereof.

• Group 9 Certificates The Class 9-A-1, Class 9-A-2 and Class 9-A-3 Certificates.

More Definitions of Group 9 Certificates

Group 9 Certificates. The Class 9-A-1, Class 9-A-2, Class 9-A-3, Class 9-A-4, Class 9-M-1, Class 9-M-2, Class 9-M-3 and Class 9-X Certificates. Group 9 Optimal Interest Remittance Amount: For any Distribution Date and Loan Group 9A and Loan Group 9B, the excess of (i) the product of (1) (x) the weighted average of the Net Mortgage Rates of the Mortgage Loans in such Loan Group as of the first day of the related Collection Period divided by (y) 12 and (2) the Aggregate Collateral Balance for the immediately preceding Distribution Date (excluding any such Mortgage Loans that were subject to a Payoff, the principal of which was distributed on the Distribution Date preceding the current Distribution Date), over (ii) any expenses that reduce the Interest Remittance Amount that did not arise as a result of a default or delinquency of the Mortgage Loans in such Loan Group or were not taken into account in computing the Expense Fee Rate.