Examples of Group I Offered Certificates in a sentence
A separate trust is hereby established (the “Supplemental Interest Trust”), the corpus of which shall be held by the Supplemental Interest Trust Trustee in trust for the benefit of the holders of the Group I Offered Certificates.
Pursuant to Section 6.01, on the initial Distribution Date, amounts on deposit in the Adjustable Rate Supplemental Fund will be withdrawn from the Adjustable Rate Supplemental Fund and paid to the Group I Offered Certificates to the extent that Current Interest on the Group I Offered Certificates on the initial Distribution Date is reduced by application of the related Net Rate Cap on such initial Distribution Date.
On each Distribution Date, the Securities Administrator shall remit amounts received by it from the Counterparty to the Holders of the applicable Group I Offered Certificates in the manner provided in Section 6.01.1(b).
On each Distribution Date, the Trustee shall remit amounts received by it from the Counterparty to the Holders of the applicable Group I Offered Certificates in the manner provided in Section 6.01.1(b).
All Cap Contract Payment Amounts received from Cap Contracts and the amounts described in the Ninth and Tenth clauses of Section 6.01(a) deposited to the Reserve Fund shall be held by the Securities Administrator in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Holders of the Group I Offered Certificates and the Class I-B-3 Certificates, as applicable, and the Class B-IO Certificateholders in accordance with the terms and provisions of this Agreement.
Any payments to the Holders of the Group I Offered Certificates in respect of Basis Risk Shortfall Carry-Forward Amounts pursuant to clause (d) below shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Code Section 860(G)(a)(1).
All Cap Contract Payment Amounts received from Cap Contracts and the amounts described in the Tenth and Eleventh clauses of Section 6.01(a) deposited to the Reserve Fund shall be held by the Securities Administrator in the name of the Trustee on behalf of the Trust, in trust for the benefit of the Holders of the Group I Offered Certificates and the Class I-B-4 Certificates, as applicable, and the Class B-IO Certificateholders in accordance with the terms and provisions of this Agreement.
This Section 8.12 shall only be applicable to the Group I Offered Certificates and the related portion of the Trust.
As of any Distribution Date, the lesser of (a) the excess, if any, of (i) the Group I Overcollateralization Target Amount over (ii) the Group I Overcollateralized Amount on such Distribution Date (after taking into account payments to the Group I Offered Certificates of the Group I Basic Principal Distribution Amount on such Distribution Date) and (b) the related Excess Spread for such Distribution Date.
The Group I Pooling Tier REMIC-1 shall hold as assets the assets relating to Loan Group I (exclusive of (i) the Group I Interest Rate Swap Agreement, (ii) the Group I Supplemental Interest Account, (iii) the Group I Excess Reserve Fund Account, and (iv) the right of the Group I Offered Certificates to receive Group I Basis Risk Carry Forward Amounts and, without duplication, Group I Upper Tier Carry Forward Amounts and the obligation to pay Class I-IO Shortfalls).