Examples of Pool 1 Certificates in a sentence
LIBOR Certificates: The Pool 1 Certificates, other than the Class 1-P and Class 1-CE Certificates.
On each Distribution Date as to which there is Net WAC Rate Carryover Amount for any Class of Pool 1 Certificates, the Securities Administrator is hereby directed to, and shall therefore, deposit into the Pool 1 Net WAC Reserve Fund an amount equal to the Net WAC Rate Carryover Amount for each affected Class of Pool 1 Certificates pursuant to Section 4.01(a)(3)(xiv).
The Trustee, as Trustee for each Trust Fund, has caused to be executed, countersigned and delivered to or upon the order of the Company, in exchange for the related Mortgage Loans, the Certificates in authorized denominations evidencing (i) in the case of the Pool 1 Certificates, the entire beneficial ownership of the Pool 1 Trust Fund and, (ii) in the case of the Pool 2 Certificates, the entire beneficial ownership of the Pool 2 Trust Fund.
As provided in the Agreement and with certain exceptions therein provided, certain losses on the Mortgage Loans in respect of Pool 1 resulting from defaults by Mortgagors will be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such losses will be borne by the Holders of the other Classes of the Pool 1 Certificates.
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It is the intention of the Company and the Trustee that (i) the Trust Funds established under this Agreement shall be separate and distinct for all purposes, (ii) all revenues and, except as provided below, expenses relating to the Mortgage Loans or this Agreement shall be allocated exclusively to the Trust Fund to which they relate, and (iii) the holders of the Pool 1 Certificates and the Pool 2 Certificates shall have interests exclusively in the Pool 1 Trust Fund and the Pool 2 Trust Fund, respectively.