Group I Class definition

Group I Class. A Principal Distribution Amount is allocated as follows: (a) to the Lower-Tier Interest A-6 an amount equal to the Class A-6 Lockout Distribution Amount and (b) as a distribution on the Lower-Tier Interest A-1 until the Lower-Tier Interest A-1 Termination Date, the Class A-1 Principal Distribution Amount; as a distribution on the Lower-Tier Interest A-2 until the Lower-Tier Interest A-2 Termination Date, the Class A-2 Distribution Amount; as a distribution on the Lower-Tier Interest A-3 until the Lower-Tier Interest A-3 Termination Date, the Class A-3 Distribution Amount; as a distribution on the Lower-Tier Interest A-4 until the Lower-Tier Interest A-4 Termination Date, the Class A-4 Distribution Amount; as a distribution on the Lower-Tier Interest A-5 until the Lower-Tier Interest A-5 Termination Date, the Class A-5 Distribution Amount; and as a distribution on the Lower-Tier Interest A-6 until the Lower-Tier Interest A-6 Termination Date, the Class A-6 Distribution Amount.
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Group I Class. A Principal Distribution Amount shall equal the Group I Principal Distribution Amount until the Certificate Principal Balance of the Group I Class A Certificates has been reduced to zero;
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Group I Class. A The Class A-1a and A-1b Certificates will accrue interest Certificates at a variable rate equal to the least of (i) one-month Pass-Through Rate: LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable), (ii) the Loan Group I Cap and (iii) the WAC Cap.
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Examples of Group I Class in a sentence

  • Councilman Adamec asked the Clerk to read Resolution No. 2013-2 by title only.

  • Director Ruch recommends Administrative Assistant Walford pick up a portion of Advisor Wallace’s duties and LRSC compensate her accordingly as she helps to cover in the absence of TRiO Student Advisor Wallace.

  • If the DEC, upon review of the MWBE Utilization Plan and updated Quarterly MWBE Contractor Compliance Reports determines that Contractor is failing or refusing to comply with the Contract goals and no waiver has been issued in regards to such non-compliance, the DEC may issue a notice of deficiency to the Contractor.

  • Interest on the amount in clause (ii) at the related Group I Class A Certificates Pass-Through Rate (without regard to the Loan Group I Cap or WAC Cap).

  • The rights of the Issuer's Floating Rate Class I-B Asset Backed Notes (the "Class I-B Notes" and together with the Group I Class A Notes, the "Group I Notes") are and will be subordinated to the rights of the Group I Class A Notes as provided in the Indenture.


More Definitions of Group I Class

Group I Class. A Principal Distribution Amount...................... 11
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Group I Class. A Formula Pass-Through Rate applicable to each such Distribution Date over (b) the aggregate amount of interest due on the Class A-1 Certificates on such Distribution Dates, calculated at the Group I Class A Pass-Through Rate applicable to each such Distribution Date, and (ii) the interest accrued during the prior Accrual Period on the amount of any Group I Class A Available Funds Cap Carry-Forward Amount immediately prior to such Distribution Date, calculated on the basis of a 360-day year and the actual number of days elapsed and using the Group I Class A Formula Pass-Through Rate applicable to such Distribution Date minus (y) the aggregate of all amounts distributed to the Class A-1 Certificateholders on all prior Distribution Dates pursuant to Section 6.05(b)(ix) hereof.
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Group I Class. A Principal Distribution Amount shall be distributed on each Payment Date in the following order of priority:
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Group I Class. A Principal Distribution Amount.....................................................20 Group I Class A-1 Available Funds Cap Rate........................................................20
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Group I Class. A The Class A-1a and Class A-1b Certificates. Certificates:
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Group I Class. A Principal Distribution Amount................................14 Group II Class A Principal Distribution Amount...............................15 Group I Delinquency Amount...................................................16 Group II Delinquency Amount..................................................16 Group I Delinquency Percentage...............................................16 Group II Delinquency Percentage..............................................16 Group I Excess Subordinated Amount...........................................16 Group II Excess Subordinated Amount..........................................17
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Group I Class. A Interest Rate Beginning on the first Distribution Date, and Cap: for a period of 32 months thereafter, an Interest Rate Cap will be entered into by the Trust for the benefit of the Group I Class A Certificates. For its duration, the Group I Class A Interest Rate Cap pays the Trust the product of (i) the excess, if any, of the then current 1-month LIBOR rate (not to exceed the cap ceiling) over the cap strike (on an Actual/360 day count basis) and (ii) the Group I Class A Interest Rate Cap Notional Balance ("the Class Group I Class A Interest Rate Cap Payment") as described on the schedule herein.
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