Inverse Floating Rate Certificates definition

Inverse Floating Rate Certificates. As specified in the Preliminary Statement.
Sample 1Sample 2Sample 3
Inverse Floating Rate Certificates. As specified in the Preliminary Statement. Item 1119 Party: The Depositor, the Seller, the Master Servicer, the Trustee, any Subservicer, any originator identified in the Prospectus Supplement and any other material transaction party, as identified in Exhibit P hereto, as updated pursuant to Section 10.4.
Sample 1Sample 2Sample 3
Inverse Floating Rate Certificates. As specified in the Preliminary Statement. Item 1119 Party: The Depositor, the Seller, the Master Servicer, the Trustee, any Subservicer, any originator identified in the Prospectus Supplement and any other material transaction party, as identified in Exhibit P hereto, as updated pursuant to Section 10.4. Latest Possible Maturity Date: As to the Group I Senior Certificates, each Class of Subordinated Certificates, and each Lower REMIC Interest and each Middle REMIC Interest, the Distribution Date following the third anniversary of the scheduled maturity date of the Mortgage Loan in Pool I having the latest scheduled maturity date as of the Cut-off Date. As to the Group II Senior Certificates, the Distribution Date following the third anniversary of the scheduled maturity date of the Mortgage Loan in Pool II having the latest scheduled maturity date as of the Cut-off Date. Lender PMI Mortgage Loan: Not applicable.
Sample 1Sample 2

Examples of Inverse Floating Rate Certificates in a sentence

  • Floating Rate Certificates and Inverse Floating Rate Certificates.

  • LIBOR Certificates The Floating Rate Certificates and the Inverse Floating Rate Certificates.

  • LIBOR Certificates The Floating Rate and Inverse Floating Rate Certificates.

  • Inverse Floating Rate Certificates...................................

  • Inverse Floating Rate Certificates The Class 2-A-2 and Class 2-A-4 Certificates.

  • Inverse Floating Rate Certificates The Class 1-A-4, Class 1-A-5, Class 1-A-7, Class 1-A-8, Class 1-A-9, Class 3-A-2, Class 3-A-4 and Class 3-A-7 Certificates.

  • Inverse Floating Rate Certificates are more volatile because an increase in the reference rate not only decreases the interest rate of the Certificates, but may also reflect an increase in prevailing interest rates, which further adversely affects the market value of these Certificates.

  • Inverse Floating Rate Certificates Inverse Floating Rate Certificates have an interest rate equal to a fixed rate minus a rate based upon a reference rate such as LIBOR.

  • Inverse Floating Rate Certificates The Class 1-A-2 and Class 3-A-2 Certificates.

  • The Floating Rate Certificates and the Inverse Floating Rate Certificates.

Related to Inverse Floating Rate Certificates

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Fixed Rate Certificates As specified in the Preliminary Statement.

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Fixed Rate Certificate A Certificate that provides for a payment of interest at a Fixed Pass-Through Rate.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • LIBOR Certificates As specified in the Preliminary Statement.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • Subordinate Certificates As specified in the Preliminary Statement.

  • Certificate Principal Amount With respect to any Certificate (other than the Interest-Only Certificates and the Class R and Class LT-R Certificates) and any Distribution Date, the maximum specified dollar amount of principal to which the Holder thereof is then entitled hereunder, such amount being equal to the initial principal amount set forth on the face of such Certificate, less (i) the amount of all principal distributions previously made with respect to such Certificate; (ii) the principal portion of all Realized Losses previously allocated to such Certificate; and (iii) any Certificate Writedown Amount previously allocated to such Certificate; provided, however, that on any Distribution Date on which a Subsequent Recovery is distributed, the Certificate Principal Amount of any Certificate then outstanding to which a Certificate Writedown Amount or Realized Loss amount has been applied will be increased sequentially, in order of seniority, by an amount equal to the lesser of (A) the principal portion of any Certificate Writedown Amount or Realized Loss amount previously allocated to that Certificate to the extent not previously recovered and (B) the principal portion of any Subsequent Recovery allocable to such Certificate after application (for this purpose) to more senior Classes of Certificates pursuant to this Agreement; and provided further that on any Distribution Date on which the Aggregate Stated Principal Balance of the Mortgage Loans exceeds the aggregate Certificate Principal Amount, such excess (including any excess attributable to the allocation of Principal Forbearance Amounts) will be allocated to increase the Certificate Principal Amount of any Certificate then outstanding to which a Certificate Writedown Amount or Realized Loss amount has previously been allocated, sequentially in order of seniority, up to the principal amount of such Certificate Writedown Amount or Realized Loss to the extent not previously recovered. The Interest-Only Certificates and the Class R and Class LT-R Certificates are issued without Certificate Principal Amounts.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • Class A-1 Certificates All Certificates bearing the class designation of "Class A-1".

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class A Certificates The Class A-1, Class A-2, Class A-3 and Class A-4 Certificates.

  • Offered Subordinate Certificates As specified in the Preliminary Statement.

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Class A-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

  • Class A-1 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-1 hereto.

  • Group 2 Certificate Any Class A-2 Certificate.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class A-2 Certificates All Certificates bearing the class designation of "Class A-2".