Lowest Priority definition
Lowest Priority. As of any date of determination, the Class of Subordinate Certificates then outstanding with the latest priority for payments pursuant to Section 4.02(a), in the following order: Class B-3, Class B-2, Class B-1, Class M-3, Class M-2 and Class M-1 Certificates.
Lowest Priority. As of any date of determination, the Class of related Subordinate Certificates then outstanding with a Certificate Principal Balance greater than zero, with the latest priority for payments pursuant to Section 4.02(a), in the following order: (a) for the Subordinate Certificates related to Loan Group I, Class I-B-3, Class I-B-2, Class I-B-1, Class I-M-3, Class I-M-2 and Class I-M-1 Certificates and (b) for the Subordinate Certificates related to Loan Group II, Class II-B-3, Class II-B-2, Class II-B-1, Class II-M-3, Class II-M-2 and Class II-M-1 Certificates .
Lowest Priority. No part of any payment shall be accepted as being made against any item in any category until all items in the same customer order in a category with a higher priority have been paid in full.
More Definitions of Lowest Priority
Lowest Priority. As of any date of determination, the Class of Certificates then outstanding with the latest priority for payments pursuant to Section 4.02(a), in the following order: Senior Certificates, Class B-6, Class B-5, Class B-4, Class B-3, Class B-2 and Class B-1 Certificates. Master Servicer: CitiMortgage, Inc., and any successor in interest, and if a successor master servicer is appointed hereunder, such successor.
Lowest Priority any Excess Subordinate Principal Amount for such Distribution Date; provided, however, that the Subordinate Principal Distribution Amount for any Class of Subordinate Certificates on any Distribution Date shall in no event exceed the outstanding Certificate Principal Balance of such Class of Certificates immediately prior to such date.
Lowest Priority. The Contractor’s Proposal Survival. All provisions in this Agreement, which by their nature should remain in effect beyond termination or expiration of this Agreement, will survive until fulfilled.
Lowest Priority. As of any date of determination, the Class of Subordinate Certificates then outstanding with the latest priority for payments pursuant to Section 4.02(a), in the following order: (a) with respect to the Group I Subordinate Certificates, Class B-I-3, Class B-I-2, Class B-I-1, Class M-I-3, Class M-I-2 and Class M-I-1 Certificates, (b) with respect to the Group II Subordinate Certificates, Class B-II-3, Class B-II-2, Class B-II-1, Class M-II-3, Class M-II-2 and Class M-II-1 Certificates and (c) with respect to the Group III Subordinate Certificates, Class B-III-3, Class B-III- 2, Class B-III-1, Class M-III-3, Class M-III-2 and Class M-III-1 Certificates.
Lowest Priority. As of any date of determination, the Class of related Subordinate Certificates then outstanding with a Certificate Principal Balance greater than zero, with the latest priority for payments pursuant to Section 4.02(a), in the following order: (a) for the Subordinate Certificates related to Loan Group I, Class I-B-3, Class I-B-2, Class I-B-1, Class I-M-3, Class I-M-2 and Class I-M-1 Certificates and (b) for the Subordinate Certificates related to Loan Group II, Class II-B-3, Class II-B-2, Class II-B-1, Class II-M-3, Class II-M-2 and Class II-M-1 Certificates. Maturity Date: January 25, 2037, the Distribution Date immediately following the latest scheduled maturity date of any Mortgage Loan.
Lowest Priority. As of any date of determination, the Class of Subordinate Certificates then outstanding with the latest priority for payments pursuant to Section 6.01, in the following