Class B-3 Certificates definition

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

Class B-3 Certificates. The Certificates designated as “Class B-3” on the face thereof in substantially the form attached hereto as Exhibit A.

Class B-3 Certificates. The Certificates designated as “Class B-3” on the face thereof in substantially the form attached hereto as Exhibit A. Class B-3-L Regular Interest: The uncertificated undivided beneficial interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein.

Examples of Class B-3 Certificates in a sentence

• The following classes of Certificates were offered under the Prospectus: Class 1-A-1, Class 1-A-2, Class 2- A-1, Class 2-A-2, Class 3-A-1, Class 3-A-2, Class 4-A-1, Class 4-A-2, Class B-1, Class B-2 and Class B-3 Certificates.

• Overcollateralization Provisions If on any Distribution Date, after giving effect to any Extra Principal Distribution Amount, the aggregate Certificate Principal Balance of the Offered Certificates exceeds the aggregate Stated Principal Balance of the Mortgage Loans, the Certificate Principal Balance of the Subordinated Certificates will be reduced, in inverse order of seniority (beginning with the Class B-3 Certificates) by an amount equal to such excess.

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

• On each Distribution Date, amounts on deposit in the Cap Reserve Account will be allocated to the Class A-1, Class M-1, Class M-2, Class B- 1, Class B-2 and Class B-3 Certificates, in that order, to pay any current Realized Losses and any Unpaid Realized Loss Amount, in each case, for such Class and for such Distribution Date to the extent not covered by Excess Cashflow on such Distribution Date.

• Recent economic, banking and currency problems in the Asian regions have had and will continue to have a significant adverse impact on our revenue and operations.

More Definitions of Class B-3 Certificates

Class B-3 Certificates. Any Certificate designated as a "Class B-3 Certificate" on the face thereof, executed by the Trustee and authenticated by the Trustee in substantially the form set forth in Exhibit A, representing the right to distributions as set forth herein.

Class B-3 Certificates. All Certificates bearing the class designation of “Class B-3,” and evidencing (i) a REMIC Regular Interest in REMIC III, (ii) the right to receive the related Basis Risk CarryForward Amount and (iii) the obligation to pay any Class IO Distribution Amount.

Class B-3 Certificates. Any one of the Class B-3 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-1, executed by the Securities Administrator and authenticated and delivered by the Securities Administrator, representing the right to distributions as set forth herein and therein and evidencing a REMIC Regular Interest in REMIC 2.

Class B-3 Certificates. The Certificates designated as "Class B-3" on the face thereof in substantially the form attached hereto as Exhibit A-17. The Class B-3 Certificates shall be entitled to receive distributions related to the Mortgage Loans in Loan Group I and Loan Group II.

Class B-3 Certificates. The Class B-3 Certificates created pursuant to Section 3 hereof.

Class B-3 Certificates. Any one of the Class B-I-3 or Class B-II-3 Certificates.

Class B-3 Certificates. Any one of the Class B-3 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-3 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.