Class N Certificates definition

Class N Certificates. Class O Certificates," "Class EI Certificates," "Class R-I Certificates," "Class R-II Certificates," or "Class R-III Certificates" mean the Certificates designated as "Class A-1," "Class A-2," "Class A-3," "Class A-4," "Class A-5," "Class X-1," "Class X-2," "Class B," "Class C," "Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class EI," "Class R-I," "Class R-II" and "Class R-III," respectively, on the face thereof, in substantially the form attached hereto as Exhibits A-1 through A-24.
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Class N Certificates. All Certificates bearing the class designation of "Class N."
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Class N Certificates. Class O Certificates," "Class P Certificates," "Class R-I Certificates," "Class R-II Certificates" or "Class R-III Certificates," mean the
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Examples of Class N Certificates in a sentence

  • 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 N Certificates.

  • The Class N Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement.

  • Subject to the terms of the Pooling and Servicing Agreement, the Class N Certificates will be issued in book-entry form through the facilities of DTC in Denominations of $250,000 initial Certificate Balance, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.

  • Each of the Class A Certificates, the Mezzanine Certificates, the Class N Certificates, the Class X Certificates and the Residual Certificates shall be substantially in the forms annexed hereto as exhibits, and shall, on original issue, be executed by the Trustee and authenticated and delivered by the Certificate Registrar to or upon the receipt of a Written Order to Authenticate from the Depositor concurrently with the sale and assignment to the Trustee of the Trust Fund.

  • 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 Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of the Class N Certificates.

  • The Pass-Through Rate for this Class N Certificates on each Distribution Date will be the per annum rate specified above.

  • The Depositor intends to sell the Class H, Class J, Class K, Class L, Class M and Class N Certificates to GMACCM (in such capacity, an "Initial Purchaser") pursuant to a Certificate Purchase Agreement dated as of the date hereof (the "Certificate Purchase Agreement").

  • Xxxxx Fargo Bank Minnesota, N.A., as Trustee By:_______________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Class N Certificates referred to in the within-mentioned Agreement.

  • Interest on the Class N Certificates and the Class X Certificates will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

  • The REMIC III Regular Certificates (and, in the case of the Class N Certificates, the Class N REMIC Interest represented by the Class N Certificates) will be designated as representing the "regular interests" in REMIC III and the Class R-III Certificates will be designated as representing the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions.


More Definitions of Class N Certificates

Class N Certificates. The EQCC Asset Backed Certificates, Series 2002-1, Class N Certificates, which shall represent the beneficial interest in a grantor trust. The Class N Certificates shall not have any Certificate Balance or stated interest rate.
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Class N Certificates means the Citigroup HELOC Trust 2006-NCB1 Certificates, Series 2006-NCB1, Class N, substantially in the form set forth in Exhibit A to the Trust Agreement.
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Related to Class N Certificates

  • Class N Certificate means any of the Certificates with a "Class N" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

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

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

  • COFI Certificates As specified in the Preliminary Statement.

  • Class A Certificates As specified in the Preliminary Statement.

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

  • Exchange Certificates Means the pass through certificates substantially in the form of Exhibit A hereto issued in exchange for the Initial Certificates pursuant to the Registration Rights Agreement and authenticated hereunder.

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

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

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

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

  • New Certificates has the meaning set forth in Section 3.04(a).

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

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

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

  • Class A-4 Certificates All Certificates bearing the class designation of "Class A-4".

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • 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.

  • REMIC I Certificates The Class R-I Certificates.

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

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class A-8 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-8 and Exhibit C hereto.