Underlying RCR Certificate definition

Underlying RCR Certificate. The Xxxxxx Mae Guaranteed Grantor Trust Pass-Through Certificate held in the Lower Tier REMIC and identified in the Mortgage Security Schedule.
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Underlying RCR Certificate. The Xxxxxx Mae Guaranteed Grantor Trust Pass-Through Certificate held in the Base Trust and identified in the Mortgage Asset Schedule.
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Examples of Underlying RCR Certificate in a sentence

  • The Group 2 Underlying RCR Certificate is backed by the Fannie Mae REMIC Certificates listed below.

  • As a result, the Group 5 Underlying RCR Certificate may receive principal payments faster or slower than would otherwise have been the case.

  • To Aggregate Group III to zero.⎬ TAC Group ⎭The “ZG Accrual Amount” is any interest then accrued and added to the principal balance of the ZG Class.The “GZ Accrual Amount” is any interest then accrued and added to the principal balance of the GZ Class.The “Group 4 Cash Flow Distribution Amount” is the principal then paid on the Group 4 Underlying RCR Certificate.

  • To PM until retired.⎬ PAC Class ⎪⎭The “ZY Accrual Amount” is any interest then accrued and added to the principal balance of the ZY Class.The “Group 5 Cash Flow Distribution Amount” is the principal then paid on the Group 5 Underlying RCR Certificate.

  • Characteristics of the Group 2 SMBS, the Group 2 Underlying REMIC Certificate and the Group 3 Underlying RCR CertificateExhibit A describes the Group 2 SMBS, the Group 2 Underlying REMIC Certificate and the Group 3 Underlying RCR Certificate, including certain information about the related mortgage loans.

  • To learn more about the Group 2 SMBS, the Group 2 Underlying REMIC Certificate and the Group 3 Underlying RCR Certificate, you should obtain from us the current class factors and the related disclosure documents as described on page S-3.

  • If you invest in a Group 5 Class, the rate at which you receive payments will be affected by the applicable priority sequence governing principal payments on the related underlying RCR certificate.As described in the related Underlying REMIC Disclosure Document, principal pay- ments on the Group 5 Underlying RCR Certificate are governed by a principal balance schedule.

  • In such a case, the Group 5 Underlying RCR Certificate would receive principal payments at rates that may vary widely from period to period.

  • Note: For any pool of Mortgage Loans backing an Underlying RCR Certificate, if a preliminary calculation indicated that the sum of the WAM and WALA for that pool exceeded the longest original term to maturity of any Mortgage Loan in the pool, the WALA used in determining the information shown in the related table was reduced as necessary to insure that the sum of the WAM and WALA does not exceed such original term to maturity.

  • To Aggregate Group VII to zero Accretion Directed Class and Accrual Class ¸.}¸.}.Support.¸¸¸¸.}.¸PAC Group Classes}.¸PAC GroupThe “ZC Accrual Amount” is any interest then accrued and added to the principal balance of the ZC Class.The “Group 6 Cash Flow Distribution Amount” is the principal then paid on the Group 6 Underlying RCR Certificate.

Related to Underlying RCR Certificate

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class A-AB Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-5 hereto.

  • Class A-R Certificate The Certificate executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-R and Exhibit C hereto.

  • Class A-8 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-8 and Exhibit C hereto.

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • Class A-SB Certificate Any one of the Certificates with a “Class A-SB” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Class H Certificate means any of the Certificates with a "Class H" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class K Certificate means any of the Certificates with a "Class K" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class R-1 Certificate Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.

  • Class B Certificate Any one of the Certificates designated as a Class B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate.

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Group 1 Certificate Any Class A-1 or Class A-R Certificate.

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

  • Class A-7 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-7 and Exhibit C hereto.

  • Group 2 Certificate Any Class A-2 Certificate.

  • Class A-V Certificate Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof.

  • Class C Certificate Any one of the Certificates with a “Class C” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Investor Certificate means any one of the certificates (including, without limitation, the Bearer Certificates, the Registered Certificates or the Global Certificates) issued by the Trust, executed by the Transferor and authenticated by the Trustee substantially in the form (or forms in the case of a Series with multiple Classes) of the investor certificate attached to the related Supplement.

  • Class R-X Certificate Any one of the Class R-X Certificates executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-R-X and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.

  • Class X-B Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-7 hereto.

  • Seller Certificate means a certificate of transfer delivered in connection with the transfer of a Trust Certificate pursuant to Section 3.04(a), substantially in the form of Exhibit B.

  • Class N Certificate means any of the Certificates with a "Class N" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Class L Certificate means any of the Certificates with a "Class L" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class CE Certificate Any one of the Class CE Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-16 and evidencing (i) a Regular Interest in REMIC IV, (ii) the obligation to pay Net WAC Rate Carryover Amounts and Swap Termination Payments and (iii) the right to receive the Class IO Distribution Amount.