Examples of Group I LIBOR Certificates in a sentence
The Group I Pooling Tier REMIC-A shall hold as assets the assets relating to Loan Group I (exclusive of (i) the Group I Interest Rate Swap Agreement, (ii) the Supplemental Interest Account, (iii) the Excess Reserve Fund Account, and (iv) the right of the Group I LIBOR Certificates to receive Basis Risk Carry Forward Amounts and, without duplication, Group I Upper Tier Carry Forward Amounts and the obligation to pay Class I-IO Shortfalls).
LIBOR shall be calculated by the Trustee in accordance with the definition of “LIBOR.” Until all of the Group I LIBOR Certificates are paid in full, the Trustee will at all times retain at least four Reference Banks for the purpose of determining LIBOR with respect to each LIBOR Determination Date.
The establishment of LIBOR and each Pass-Through Rate for the Group I LIBOR Certificates by the Trustee shall (in the absence of manifest error) be final, conclusive and binding upon each Holder of a Certificate and the Trustee.
The Pass-Through Rate for each Class of Group I LIBOR Certificates for each Interest Accrual Period shall be determined by the Trustee on each LIBOR Determination Date so long as the Group I LIBOR Certificates are outstanding on the basis of LIBOR and the respective formulae appearing in footnotes corresponding to the Group I LIBOR Certificates in the table relating to the Group I Certificates in the Preliminary Statement.