Examples of Group II Subordinate Certificates in a sentence
The first Distribution Date on which the aggregate Certificate Principal Balance of the Group II Subordinate Certificates has been reduced to zero.
Any failure to comply with this obligation may constitute a prohibited practice subject to Financing Agreement termination by the Innovation Fund.Financial report is to be signed by the authorized legal representative of the Awardee and submitted to the IF Portal.
In addition, to the extent the related Servicer receives Subsequent Recoveries with respect to any defaulted Group II Loan, the amount of the Realized Loss with respect to that defaulted Group II Loan will be reduced to the extent such Subsequent Recoveries are applied to reduce the Certificate Principal Balance of any Class of Group II Senior Certificates or Group II Subordinate Certificates on any Distribution Date.
Any Applied Loss Amount with respect to the Group II Certificates allocated to a Class of Group II Subordinate Certificates shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests.
Upon the termination of the Trust, or the payment in full of the Group II Senior Certificate and the Group II Subordinate Certificates, all amounts remaining on deposit in the Class II-A-2A Swap Account shall be released by the Trust and distributed to the Class II-CE Certificateholders.