Subordinate Certificate definition

Subordinate Certificate. Any one of the Class M Certificates or Class B Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B and Exhibit C, respectively.
Subordinate Certificate. Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Certificates.
Subordinate Certificate. Any Class M1, Class M2, Class M3, Class M4, Class M5, Class B or Class X Certificate.

Examples of Subordinate Certificate in a sentence

  • Losses allocated to the Class B Certificates will not be covered by the Subordinate Certificate Loss Obligation.

  • Fraud Losses, Excess Bankruptcy Losses and Extraordinary Losses allocated to the Class B Certificates will not be covered by the Subordinate Certificate Loss Obligation.

  • Each Person who, at any time, acquires any ownership interest in any Junior Subordinate Certificate shall be deemed by the acceptance or acquisition of such ownership interest to have agreed to be bound by the provisions of such Section 5.1(e) and Section 5.1(f), as applicable.

  • No transfer, sale, pledge or other disposition of a Junior Subordinate Certificate shall be made unless such transfer, sale, pledge or other disposition is made in accordance with Section 5.1(e) or Section 5.1(f) of the Pooling Agreement.

  • Losses allocated to the Class SB Certificates will not be covered by the Subordinate Certificate Loss Obligation.


More Definitions of Subordinate Certificate

Subordinate Certificate means any 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 P, Class Q, Class S or Class T Certificate or any Residual Interest Certificate.
Subordinate Certificate. Any Class A-S, Class B, Class C, Class D, Class E, Class F and Class NR Certificate.
Subordinate Certificate. Any Class B Certificate.
Subordinate Certificate. Any of the Class B-1, Class B-2, Class B-3, Class B-4 or Class B-5 Certificates. Subordinate Class Percentage: As to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the Class Principal Amount of such Class on such date, and the denominator of which is the aggregate of the Class Principal Amounts of all Classes of Subordinate Certificates on such date.
Subordinate Certificate. Any Class M Certificate.
Subordinate Certificate. Any Class M-1, Class M-2, Class B or Class X Certificate.
Subordinate Certificate. Any 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 P or Class NR Certificate.