Upper-Tier Certificate definition

Upper-Tier Certificate. Any one of the Class A Certificates (other than the Class A-LR Certificate) and the Class B Certificates.
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Upper-Tier Certificate. Any one of the Senior Certificates (other than the Class 1-A-LR Certificate) and the Subordinate Certificates.
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Upper-Tier Certificate. Any one of the Senior Certificates and the Subordinate Certificates.
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Examples of Upper-Tier Certificate in a sentence

  • The Trustee may clear and terminate the Upper-Tier Certificate Account pursuant to Section 9.01.

  • The Securities Administrator shall then immediately, from funds available in the Intermediate Lower-Tier Certificate Sub-Account, be deemed to deposit into the Upper-Tier Certificate Sub-Account, the Intermediate Lower-Tier Distribution Amount.

  • Servicer Custodial Account; Certificate Accounts and Upper-Tier Certificate Account.....................................................

  • On each Distribution Date, funds on deposit in the Upper-Tier Certificate Account shall be used to make payments on the Regular Certificates and the Class A-R Certificate as provided in Sections 5.01 and 5.

  • Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, and shall apply such funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account.

  • On each Distribution Date, funds on deposit in the Upper-Tier Certificate Account shall be used to make payments on the Regular Certificates, the Class A-PO Certificates and the Class 1-A-R Certificate as provided in Sections 5.01 and 5.

  • The Master Servicer may clear and terminate the Upper-Tier Certificate Account pursuant to Section 9.01.

  • On each Distribution Date other than the Final Distribution Date (if such Final Distribution Date is in connection with a purchase of the assets of the Trust Estate by the Depositor), the Paying Agent shall, on behalf of the Master Servicer, from funds available on deposit in the Payment Account, be deemed to deposit, in immediately available funds, by wire transfer or otherwise, into the Upper-Tier Certificate Account the Lower-Tier Distribution Amount.

  • Servicer Custodial Account; Certificate Account and Upper-Tier Certificate Sub-Account.

  • Servicer Custodial Account; Certificate Accounts and Upper-Tier Certificate Account.........................................


More Definitions of Upper-Tier Certificate

Upper-Tier Certificate. Any of the Class A, Class B, Class C, Class D, Class E, Class F, Class G, Class X-1, Class X-2 or Class R Certificates.
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Upper-Tier Certificate. Any one of the Class A Certificates (other than the Class I-A-MR and Class I-A-LR Certificates), the Class M Certificates and the Class B Certificates. Upper-tier Certificate Account: The trust account established and maintained pursuant to Section 4.01(e).
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Related to Upper-Tier Certificate

  • 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.

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