Group V Certificates definition

Group V Certificates. As set forth in the Preliminary Statement.

Group V Certificates. The Group V-A Certificates.

Group V Certificates. The Class NB-III-1, Class NB-III-2 and Class NB-III-3 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed to the Standard Terms as Exhibit A, each such Certificate evidencing an interest designated as a "regular interest" in REMIC II for purposes of the REMIC Provisions and representing an undivided interest in Loan Group V.

Examples of Group V Certificates in a sentence

• The Group C-B Certificates absorb most losses on the group I, II, III, IV and V mortgage loans prior to the Group I, Group II, Group III, Group IV and Group V Certificates.

• Note: The Group C-B Certificates are allocated losses from mortgage loans in loan groups I, II, III, IV and V; consequently, disproportionately high special hazard, bankruptcy or fraud losses experienced by one loan group could adversely impact protection to unrelated Group I, Group II, Group III, Group IV and Group V Certificates for these types of losses.

• After effective termination, Fraunhofer shall make available to the client the research and development result achieved up to the end of the period of notice.

• Subordination: The Group I, Group II, Group III, Group IV and Group V Certificates will receive distributions of interest and principal before the Group C-B Certificates are entitled to receive distributions of interest or principal.

• This excess interest will be applied to pay principal on the Group V Certificates in order to create and maintain the required level of overcollateralization.

• Solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the Distribution Date immediately following the latest scheduled maturity date for the Underlying Certificates (other than the Underlying Group V Certificates) has been designated as the "latest possible maturity date" for each Class of the REMIC II Regular Interests.

• The Group I, Group II, Group III, Group IV and Group V Certificates (as defined herein) are expected to be rated by Standard & Poor's Ratings Services (“S&P”) and Moody’s Investors Service, Inc.

• Note: The Group C-B Certificates are allocated losses from mortgage loans in loan groups I, II, III, IV and V; consequently, disproportionately high special hazard, bankruptcy or fraud losses experienced by one loan group could adversely impact protection to unrelated Group I, Group II, Group III, Group IV or Group V Certificates for these types of losses.

• The rights of the Class V-A-2 Certificates to receive distributions will be subordinated to the Class V-A-1a, Class V-A-1b and Class V-A-1c Certificates to the extent of any Realized Losses allocated to the Underlying Group V Certificates, as further described under clause 3.05(a)(V) of this Agreement.

• With respect to each distribution date, to the extent that a Basis Risk Shortfall exists for any class of Group V Certificates (other than the Class V-X Certificates), such class will be entitled to the amount of such Basis Risk Shortfall in accordance with the priority of payments described in the Prospectus Supplement, only to the extent of funds available therefor.

More Definitions of Group V Certificates

Group V Certificates. Any of the Class V-A Certificates and Class V-A-IO Certificates.

Group V Certificates. The Class V-A-1, Class V-A-2, Class V-A-3, Class V-A-4, Class V-A-5, Class V-M-1, Class V-M-2, Class V-M-3, Class V-X, Class P-V and Class R-II Certificates.

Group V Certificates. The Class AF Certificates, Class IO Certificates, Class PO Certificates, Class BF-1 Certificates, Class BF-1 Certificates, Class BF-3 Certificates, Class BF-4 Certificates, Class BF-5 Certificates and Class BF-6 Certificates.

Group V Certificates. The Class A-V Certificates, representing an undivided interest in Loan Group V.

Group V Certificates. The Class V-A-1, Class V-X and Class V-P Certificates. Group X-X Regular Interests: The Class V-A-1-L, Class V-X-L and Class V-P-L Regular Interests.