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.