Examples of Group 2 Subordinate Certificates in a sentence
Subordinate Certificates The Group 1 Subordinate Certificates and Group 2 Subordinate Certificates.
Group 2 Subordinate Certificates The Group 2 Mezzanine Certificates and the Class 2-C Certificates.
Group 2 Certificates The Group 2 Senior Certificates and Group 2 Subordinate Certificates.
The interest only component will have a notional balance equal to the aggregate principal balance of Class 2-A-1, Class 2-A-2, Class 2-A-3 and the Group 2 Subordinate Certificates.
On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Group 2 Senior Certificates and Group 2 Subordinate Certificates (other than any Interest-Only Certificates) on such Distribution Date will be added as principal to the outstanding Class Principal Balance of such Class of Certificates.
The Class 2-X Certificates will consist of one interest only component and one principal and interest component each related to the Class 2-A-1, Class 2-A-2, Class 2-A-3 and the Group 2 Subordinate Certificates.
For any Distribution Date, the Net Deferred Interest on the Group 2 Mortgage Loans will be allocated among the Classes of Group 2 Senior Certificates and Group 2 Subordinate Certificates in proportion to the excess, if any, for each such Class of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class calculated at the applicable Adjusted Cap Rate for such Class.
The Group 1 Subordinate and/or Group 2 Subordinate Certificates, as the context requires.
Such Reduced Applied Loss Amount for any Distribution Date shall be applied by reducing the Class Principal Balance of each Class of Group 1 and Group 2 Subordinate Certificates beginning with the Class of Subordinate Certificates then outstanding with the lowest relative payment priority, in each case until the respective Class Principal Balance thereof is reduced to zero.
Each of Fitch and S&P; provided, that with respect to the Group 1 Subordinate Certificates and the Group 2 Subordinate Certificates, Fitch will be the sole Rating Agency.