Sequential Pay Certificates definition

Sequential Pay Certificates. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class A-S, Class B, Class C, Class D, Class E, Class F and Class G Certificates, collectively.
Sequential Pay Certificates. The Class A, Class B, Class C, Class D and Class E Certificates.
Sequential Pay Certificates. The Certificates other than the Class X and Class R Certificates.

Examples of Sequential Pay Certificates in a sentence

  • For purposes of this Agreement, each Class of Sequential Pay Certificates shall be deemed to be outstanding only to the extent its respective Certificate Balance has not been reduced to zero.

  • All distributions of reimbursements of Realized Losses and Additional Trust Fund Expenses made in respect of any Class of Sequential Pay Certificates (other than the Exchangeable Certificates) or any Class EC Regular Interest on each Distribution Date pursuant to Section 4.01(b) of this Agreement shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of its Corresponding Lower-Tier Regular Interest.

  • For purposes of this Agreement, each Class of Sequential Pay Certificates and the Class V2 Certificates shall be deemed to be outstanding only to the extent its respective Certificate Balance has not been reduced to zero.

  • All Realized Losses and Additional Trust Fund Expenses, if any, allocated to a Class of Sequential Pay Certificates shall be allocated among the respective Certificates of such Class in proportion to the Percentage Interests evidenced thereby.

  • With respect to any Appraisal Reduction calculated for purposes of determining the Controlling Class, the existence of a Control Termination Event and, if applicable, the allocation of Voting Rights among the respective Classes of the Sequential Pay Certificates, the appraised value of the related Mortgaged Property will be determined on an “as-is” basis.


More Definitions of Sequential Pay Certificates

Sequential Pay Certificates. The Class A, Class B, Class C, Class D, Class E, Class F and Class HRR Certificates.
Sequential Pay Certificates. The Certificates other than the Class R Certificates.
Sequential Pay Certificates. Any Class A-1, Class A-2, Class A-PB, Class A-3, Class A-1A, Class A-M, Class A-J, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class O, Class P, Class Q or Class S Certificate.
Sequential Pay Certificates. The Class A, Class B and Class HRR Certificates.
Sequential Pay Certificates. The Class A and Class B Certificates.
Sequential Pay Certificates. Any of the Regular Certificates other than the Class IO Certificates.
Sequential Pay Certificates. The Certificates other than the Class X-A, Class X-B and Class R Certificates.