Series Designation definition

Series Designation has the meaning assigned to such term in Section 3.03(a).

Series Designation. Pass-Through Certificates, Series 1999-A, Classes X-0, X-0, X-0, X-0, X-0, X-0, X-0, X-0, X-0, X and R (collectively, the "Certificates"). The Classes X-0, X-0, X-0, X-0, X-0, X-0, X-0, X-0 and B-2 Certificates are collectively referred to herein as the "Underwritten Certificates."

Series Designation has the meaning set forth in Section 1.08(a).

Examples of Series Designation in a sentence

• If the Managing Member desires to amend any provision of this Agreement or any Series Designation, other than as permitted by Section 12.01, then it shall first adopt a resolution setting forth the amendment proposed, declaring its advisability, and then call a meeting of the Members entitled to vote in respect thereof for the consideration of such amendment.

• The Series Designation establishing a Series may set forth specific provisions governing the rights of such Series against a Member associated with such Series who fails to comply with the applicable provisions of this Agreement (including, for the avoidance of doubt, the applicable provisions of such Series Designation).

• In the event of a conflict between the terms and conditions of this Agreement and a Series Designation, the terms and conditions of the Series Designation shall prevail.

• The rights of all Members and the terms of all Interests are subject to the provisions of this Agreement (including any Series Designation).

• Subject to the terms of any Series Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Interests of the applicable Series), distributions shall be paid to the holders of the Interests of a Series on an equal per Interest basis as of the Record Date selected by the Managing Member.

More Definitions of Series Designation

Series Designation as defined in Section 4.1(c).

Series Designation. Pass-Through Certificates, Series 199___-___, Classes ____ ________ (collectively, the "Certificates"). The Classes __________ Certificates are collectively referred to herein as the "Underwritten Certificates."

Series Designation. Mortgage Loan Asset Backed Certificates, Series 2001-1, Class ----------- AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2, Class BF-1, Class PF-1, Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class PV-1, Class A-IO, Class C and Class R (collectively the "Certificates"). The Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class Class MF-1, Class MF-2, Class BF-1, Class AV-1, Class MV-1, Class MV-2, Class BV-1 and Class A-IO Certificates are referred to herein as the "Underwritten Certificates."

Series Designation means a description of the key terms of the Series substantially in the form of Schedule B of this Agreement.

Series Designation. Pass-Through Certificates, Series 2000-B, Classes A-1, M-1, B-1, B-2, X and R (collectively, the "Certxxxxxxxx"). Xxx Xxass A-1, M-1 and B-1 Certificates are collectively referred to herein as the "Underwritten Certificates."

Series Designation. 1999-6 Terms of the Certificates and Underwriting Compensation: Original Principal Remittance Price to Classes Amount Rate* Public ------- ------ ----- ------ Class A-1+ $144,291,000 7.00% Class A-2+ $100,000,000 7.00% Class A-3+ $18,850,000 7.00% Class A-4+ $13,425,000 7.00% Class A-5+ $11,000,000 7.00% Class A-6++ $28,300,000 7.00% Class A-7 $63,600,000 7.00% Class A-P**** $3,549,120 0.00% Class A-X** $14,198,018 7.00%*** Class M $9,000,000 7.00% Class B-1 $3,201,000 7.00% Class B-2 $1,800,000 7.00% Class R***** $100 7.00% * Interest distributed to the Offered Certificates on each Distribution Date will have accrued during the preceding calendar month at the applicable per annum Interest Rate (as defined in the Prospectus Supplement). ** Not entitled to receive distributions of principal *** Will accrue interest on its Notional Amount as described in the Prospectus Supplement **** Will not be entitled to distributions of interest and will only receive principal in respect of the Loans with Pass-Through Rates that are less than 7.00% per annum. ***** Will be comprised of two Components, Component R-1, which represents the sole residual interest in REMIC I (as defined in the Prospectus Supplement), and Component R-2, which represents the sole residual interest in REMIC II (as defined in the Prospectus Supplement). + Will receive distributions of principal payable from the amounts of interest not paid to the Class A-6 Certificates.

Series Designation. Series 1998-ALS2. Terms of the Series 1998-ALS1 Certificates: Structured Asset Securities Corporation, Series 1998-ALS2 Mortgage Pass-Through Certificates, Class 1-A, Class 1-AP, Class 2-A, Class 2-AP, Class B1, Class B2, Class B3, Class B4, Class B5, Class B6 and Class R (the "Certificates") will evidence, in the aggregate, the entire beneficial ownership interest in a trust fund (the "Trust Fund"). The primary assets of the Trust Fund consist of two pools of fixed rate, conventional, first lien residential mortgage loans (the "Mortgage Loans"). Only the Class 1-A, Class 1-AP, Class 2-A, Class 2-AP, Class B1, Class B2, Class B3 and Class R Certificates (the "Offered Certificates") are being sold pursuant to the terms hereof. Registration Statement: File Number 333-47499. Certificate Ratings: It is a condition of Closing that at the Closing Date: the Class 1-A and Class 2-A Certificates be rated "AAA" by each of Duff & Xxxxxx Credit Rating Co. ("DCR"), Fitch IBCA, Inc. ("Fitch"), and Standard & Poor's Rating Services, a division of The XxXxxx-Xxxx Companies, Inc. ("S&P," which together with DCR and Fitch, the "Rating Agencies"); the Class 1-AP and Class 2-AP Certificates be rated "AAA" by each of DCR and Fitch and "AAAr" by S&P; the Class B1 Certificates be rated "AA" by each of DCR, Fitch and S&P; the Class B2 Certificates be rated "A" by each of DCR and Fitch; and the Class B3 Certificates be rated "BBB" by each of DCR and Fitch.