B-2 Certificates definition

B-2 Certificates. The Certificates designated as “Class 3-B-2” on the face thereof in substantially the form attached hereto as Exhibit A.
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B-2 Certificates. The Certificates designated as “Class 3-B-2” on the face thereof in substantially the form attached hereto as Exhibit A. Class 3-B-2-M Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein.
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B-2 Certificates means the certificates identified as such on the Residuals Schedule under the captions "Junior P&I Regular Interests - Manufactured Housing" and all other interests (whether certificated or uncertificated) of a substantially similar nature owned by a Seller.
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Examples of B-2 Certificates in a sentence

  • It is a condition to the issuance of the Class M, Class B-1 and Class B-2 Certificates that they be rated at least “AA”, “A” and “BBB”, respectively, by S&P and that they be rated at least “Aa3,” “A3” and “Baa2”, respectively, by Moody’s.

  • On the Closing Date, the Class B-1 and Class B-2 Certificates will be deemed to have been exchanged, in whole or in part, as applicable, for the Class B Certificates.PRIVATE PLACEMENT MEMORANDUMNo person has been authorized to give any information or to make any representations other than those contained in this Memorandum, and, if given or made, such information or representations must not be relied upon.

  • The Class B-1 and Class B-2 Certificates may be exchanged for the Class B Certificates, and vice versa, pursuant to Combination 2 described in Table 2.

  • The $900M in guarantee liability was not revealed by Defendants until the bankruptcy proceeding in December 2002, when it was disclosed that Lehman, by virtue of registration in its name, was the largest holder of the B-2 Certificates with irrevocable guarantees of principal and interest.

  • The Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates, the Class M-9 Certificates, the Class B-1 Certificates and then, the Class B-2 Certificates will have the right to receive distributions in respect of the Mortgage Loans in that order.

  • Defendants failed to disclose $900M in guarantee liability attached to subordinated debt securities, referred to as B-2 Certificates, retained by Conseco Finance.

  • Class B-2 Interest Carry Forward Amount: As of any Distribution Date, the sum of (1) the excess of (A) the aggregate amount of the Class B-2 Current Interest with respect to all prior Distribution Dates over (B) the aggregate amount actually distributed to the Class B-2 Certificates with respect to interest on such prior Distribution Dates and (2) interest on such excess (to the extent permitted by applicable law) at the Class B-2 Pass-Through Rate for the related Accrual Period.

  • Finally, Defendants failed to disclose the incestuous nature of operating income derived from guarantee payments on its retained B-2 Certificates, i.e. they had paid it to themselves.

  • Class B-2 Certificate Principal Balance: As of any date of determination, the aggregate Certificate Principal Balance of the Class B-2 Certificates.

  • The Class B1 Certificates will have a payment priority over the Class B2 and B3 Certificates, and the Class B2 Certificates will have a payment priority over Class B3 Certificates.


More Definitions of B-2 Certificates

B-2 Certificates. The Certificates designated as "Class D-B- 2" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-2-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-3 Certificates: The Certificates designated as "Class D-B- 3" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-3-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-4 Certificates: The Certificates designated as "Class D-B- 4" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-4-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-5 Certificates: The Certificates designated as "Class D-B- 5" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-5-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-B-6 Certificates: The Certificates designated as "Class D-B- 6" on the face thereof in substantially the form attached hereto as Exhibit A. Class D-B-6-L Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class D-Y Regular Interests: The Class D-Y-1 and Class D-Y-2 Regular Interests. Class D-Y-1 Regular Interest: The uncertificated partial undivided beneficial ownership interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein. Class D-Y-1 Principal Distribution Amount: For any Distribution
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B-2 Certificates. All Certificates bearing the class designation of "Class B-2".
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Related to B-2 Certificates

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class A-2 Certificates All Certificates bearing the class designation of "Class A-2".

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class A-1 Certificates All Certificates bearing the class designation of "Class A-1".

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Class B-2 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-2 and Exhibit C hereto. Class B-2 Certificateholder: The registered holder of a Class B-2 Certificate.

  • Class B-3 Certificates All Certificates bearing the class designation of "Class B-3".

  • Class B-4 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-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • Class B-5 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-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Class A-3 Certificates All Certificates bearing the class designation of "Class A-3".

  • Class A-2 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-2 hereto.

  • Class M Certificates Any of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5 and Class M-6 Certificates.

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

  • Class B-3 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-3 and Exhibit C hereto. Class B-3 Certificateholder: The registered holder of a Class B-3 Certificate.

  • Class A-1 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-1 hereto.