Class AF Certificates definition

Class AF Certificates. The Class AF-1 Certificates, the Class AF-2 Certificates, the Class AF-3 Certificates, the Class AF-4 Certificates, the Class AF-5 Certificates and the Class AF-6 Certificates.
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Class AF Certificates. All Certificates which include an “AF” in their class designation.
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Class AF Certificates means the Class AF-1A, Class AF-1, Class AF-2, --------------------- Class AF-3 and Class AF-4 Certificates.
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Examples of Class AF Certificates in a sentence

  • Offered Certificates Class AV and Class AF Certificates and the Offered Subordinate Certificates.

  • Senior Certificates Class AV and Class AF Certificates Subordinate Certificates Class MF and Class MV Certificates.

  • Such Net WAC Rate Carryover Amounts shall be paid (i) first, to the Class AF Certificates, pro rata, based on their respective Cap Amounts and (ii) to the Class MF Certificates, sequentially according to their numeric order in each case up to an amount equal to their respective Cap Amounts.

  • Senior Certificates ------------------- The Class AF Certificates and the Class AV-1 Certificates.

  • Class AF Certificates Class AF-1A, Class AF-1B, Class AF-2, Class AF-3, Class AF-4, Class AF-5 and Class AF-6 Certificates.

  • Group 1 Certificates Class AF Certificates and the Class MF Certificates.

  • Class AF Certificates Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5 and Class AF-6 Certificates.

  • Class AF Principal Distribution: Principal allocated to the Class AF Certificates will be distributed in the following order of priority: 1) a) To the Class AF-6 Certificates, the Lockout Percentage of their pro-rata share of principal allocated to the Class AF Certificates until month 108 as described below.

  • Senior Certificates ------------------- The Class AF Certificates, the Class AV-1 Certificates and the Class AV-2 Certificates.

  • To the Class AF-6 Certificates, the Lockout Percentage of their pro-rata share of principal allocated to the Class AF Certificates until month 108 as described below until its principal balance is reduced to zero.


More Definitions of Class AF Certificates

Class AF Certificates. In the last deal we had time tranched AF certificates, this deal there will be one AF passthrough. In the last deal these certificates were primarily backed by both conforming and non-conforming collateral, in this deal they will be primarily backed by conforming collateral (subgroup 1a). Class AV-1 certificates - Same as last deal's AV-1 certificates. It will be primarily backed by conforming collateral (subgroup 1b). Class AV-2 certificates - Not in the last deal. This be a floater primarily backed by non-conforming collateral (group 2). Subordinate certificates - Same as last deal. Fixed rate certicates. Also, in the last deal we did a "reverse turbo feature" for the Class B in which it receives cashflow that would normally go to the class R at the bottom the waterfall after the OC is met. The OC was then adjusted upwards by this "turbo payment" amount. We may or may not have this feature for this deal's Class B, however, there is no impact to the protection for the certificates senior to it.
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Class AF Certificates. Any one of the Class AF Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.
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Related to Class AF Certificates

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

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

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

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

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

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

  • Class P Certificates All Certificates bearing the class designation of "Class P".

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

  • Class A Certificates As specified in the Preliminary Statement.

  • 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 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.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Group 2 Certificates As specified in the Preliminary Statement.

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

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

  • Class F Certificate Any one of the Certificates with a “Class F” 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 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 4 Certificates As specified in the Preliminary Statement.

  • 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 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-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.

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

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.