Class P Certificate. The Class P Certificate executed by the Trustee and authenticated by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A, evidencing beneficial ownership of the Class P Distributable Amount.
Class P Certificate. 11- Class R-I Certificates..............................................................-11- Class R-II Certificates.............................................................-11- Class R-III Certificates............................................................-11- Closing Date........................................................................-12- Code ...........................................................................-12- Commission..........................................................................-12- Corporate Trust Office..............................................................-12- Corresponding Certificate...........................................................-12- Credit Enhancement Percentage.......................................................-12- Agreement..........................................................................-12- Credit Risk Management Fee..........................................................-12- Fee Rate...........................................................................-12-
Class P Certificate. 14- Class R Certificates................................................................-14- Closing Date........................................................................-14- Code ...........................................................................-14- Commission..........................................................................-14- Corporate Trust Office..............................................................-14- Corresponding Certificate...........................................................-14- Countrywide.........................................................................-14- Countrywide Servicing Agreement.....................................................-14- Credit Enhancement Percentage.......................................................-14- Credit Risk Management Agreement....................................................-15- Credit Risk Management Fee..........................................................-15- Credit Risk Management Fee Rate.....................................................-15- Credit Risk Manager.................................................................-15-
Class P Certificate evidencing a beneficial ownership interest in a Trust, consisting primarily of a pool of commercial and multifamily mortgage loans (the "Mortgage Loans") and certain other property, formed and sold by XXXXXX XXXXXXX CAPITAL I INC. THIS CERTIFIES THAT _______________ is the registered owner of the interest evidenced by this Certificate in the Class P Certificates issued by the Trust created pursuant to the Pooling and Servicing Agreement, dated as specified above (the "Pooling and Servicing Agreement"), among Xxxxxx Xxxxxxx Capital I Inc. (hereinafter called the "Depositor", which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Fiscal Agent, Master Servicer and the Special Servicer, a summary of certain of the pertinent provisions of which is set forth hereafter. The Trust consists primarily of the Mortgage Loans, such amounts as shall from time to time be held in the Certificate Account and Distribution Account, the Insurance Policies and any REO Properties. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Pooling and Servicing Agreement. This Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the "Certificates") and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage obtained by dividing the Certificate Balance of this Certificate specified on the face hereof by the aggregate initial Certificate Balance of the Class P Certificates. The Certificates are designated as the Xxxxxx Xxxxxxx Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 1999-LIFE1 and are issued in 20 Classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates will evidence in the aggregate 100% of the beneficial ownership of the Trust. This Certificate does not purport to summarize the Pooling and Servicing Agreement and reference is made to that Agreement for information with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance ...
Class P Certificate. After payment of the amounts specified in clauses (i) through (xiii) above, and provided the current Payment Date is one subsequent to the month in which Prepayment Charges are no longer collectible on any Loan, to the Class P Certificateholder until the Class P Principal Balance is reduced to zero; and
Class P Certificate. After payment of the amounts specified in clauses (i) through (xii) above, to the Class P Certificateholder until the Class P Principal Balance is reduced to zero; and
Class P Certificate. Provided the Payment Date is one subsequent to the month in which Prepayment Charges are no longer collectible on any Loan, to the Class P Certificateholder any amount payable to the Class P Certificateholder in respect of principal pursuant to Section 8.07(f); and
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