IO CERTIFICATE definition

IO CERTIFICATE means each of the certificates included among the Purchased Assets, representing subordinated interest-only REMIC regular interests in the related Securitization Trusts (or, in the case of the Series 1998-H1 Securitization Trust, a subordinated non-REMIC equity interest).
View Source
IO CERTIFICATE. A certificate or other instrument issued by, or similar interest in, a trust or other special purpose entity with respect to a Securitization Facility representing the right to receive interest only on a notional principal amount and based on a planned amortization schedule.
View Source

Examples of IO CERTIFICATE in a sentence

  • THE INITIAL PER ANNUM RATE OF INTEREST ON THIS CLASS A-10 IO CERTIFICATE IS 6.50%.

  • EXHIBIT A-14 FORM OF CLASS IO CERTIFICATE CLASS IO AETNA COMMERCIAL MORTGAGE TRUST MULTICLASS PASS-THROUGH CERTIFICATE, SERIES 1997-▇▇▇▇ evidencing a beneficial ownership interest in the REMIC Pool included in a trust fund (the "Trust Fund") consisting primarily of a pool (the "REMIC Mortgage Pool") of multifamily and commercial mortgage loans (the "REMIC Mortgage Loans"), such pool being formed and sold by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ CAPITAL I INC.

  • EXHIBIT A-8 ----------- FORM OF CLASS IO CERTIFICATE SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT", AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE").

  • Dated: ________ By: ------------------------------- Signature EXHIBIT D-3 FORM OF CLASS HE: A-6 IO CERTIFICATE SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE.

  • CLASS IO CERTIFICATE EXHIBIT A-9 CLASS IO MORTGAGE PASS-THROUGH CERTIFICATE, SERIES 1996-C1 evidencing a beneficial ownership interest in a trust fund (the "Trust Fund") consisting primarily of a pool of multifamily and commercial mortgage loans (the "Mortgage Loans"), such pool being formed and sold by SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.

  • EXHIBIT A-3 ----------- FORM OF CLASS IO CERTIFICATE SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT", AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE").

  • C-1 EXHIBIT D-1 - FORM OF CLASS HE: A CERTIFICATE .....................................D-1-1 EXHIBIT D-2 - FORM OF CLASS HE: A-1[A][B] ARM CERTIFICATE .........................D-2-1 EXHIBIT D-3 - FORM OF CLASS HE: A-5 IO CERTIFICATE ................................D-3-1 EXHIBIT E - FORM OF CLASS HE: M CERTIFICATE .......................................

  • Dated: By: ----------- -------------------------------- Signature EXHIBIT D-3 FORM OF CLASS HE: A-5 IO CERTIFICATE SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE.

  • Dated: By: --------- ------------------------------------- Signature A-2-5 EXHIBIT A-3 ----------- FORM OF CLASS A-6 IO CERTIFICATE -------------------------------- SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE.

  • EXHIBIT A-4 FORM OF CLASS IO CERTIFICATE CLASS IO ▇▇▇▇▇▇▇ ▇▇▇▇▇ MORTGAGE INVESTORS, INC., SERIES 1998-C3 evidencing a beneficial ownership interest in a trust fund (the "Trust Fund") consisting primarily of a pool of multifamily and commercial mortgage loans (the "Mortgage Loans"), such pool being formed and sold by ▇▇▇▇▇▇▇ ▇▇▇▇▇ MORTGAGE INVESTORS, INC.