Group II Senior Certificates definition

Group II Senior Certificates. As specified in the Preliminary Statement.

Group II Senior Certificates. The Class II-A1 Certificates, the Class II-A2 Certificates, the Class II-A3 Certificates and the Class II-A4 Certificates.

Group II Senior Certificates. The Class II-A Certificates.

Examples of Group II Senior Certificates in a sentence

• At each level of approval by Council staff will provide the appropriate project need and justification for review and discussion.Staff is currently working with a consultant financial advisor to update previous rate studies for the water and wastewater systems that includes current CIP information and overall fund health to generate updated rate recommendations.The final draft of the updated Stormwater and Drainage Master Plan (2020) has an updated financial analysis with formal rate recommendations.

• The Class B Certificates provide, to the limited extent described in the Prospectus Supplement, credit support, as well as special hazard, bankruptcy, and fraud coverage to certain Group I, and Group II Senior Certificates.

• The “Group II Senior Cap Agreement” is the interest rate cap agreement that includes the Group II Senior Cap Scheduled Notional Amount and will benefit the Group II Senior Certificates (other than the Class II-A2A Certificates).

• The Cap AgreementsEach of the Group I Senior Certificates, the Group II Senior Certificates (other than the Class II-A2A Certificates) and the Mezzanine Certificates (together with the Class B Certificates) will have the benefit of a separate interest rate cap agreement.

• The trust provides for limited cross-collateralization of the Group I Senior Certificates, the Group II Senior Certificates and the Group III Senior Certificates through the application of interest generated by oneloan group to fund interest shortfalls on the Class A Certificates primarily supported by the other loan groups and through the application of principal generated by one loan group to fund certain distributions of principal on the Class A Certificates primarily supported by the other loan groups.

More Definitions of Group II Senior Certificates

Group II Senior Certificates. The Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-X and Class II-A-PO Certificates.

Group II Senior Certificates. The Class II-1A-1, Class II-1A-2, Class II-1A-3, Class II-1X-1, Class II-1X-2, Class II-2A-1, Class II-2A-2, Class II-2X-1, Class II-3A-1, Class II-3A-2, and Class II-3X-1 Certificates.

Group II Senior Certificates. The Class II-A-1, Class II-A-2 and Class II-X Certificates. Group II Senior Percentage: Initially, 95.50%. On any Distribution Date, the lesser of (i) 100% and (ii) the percentage (carried to six places rounded up) obtained by dividing the aggregate Current Principal Amount of the Group II Senior Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Group II Mortgage Loans as of the beginning of the related Due Period.

Group II Senior Certificates. The Group IIA, Class II-X, Class II-PO and Class R-II Certificates, collectively.

Group II Senior Certificates. The Class II-A-1, Class II-A-2, Class R-II and Class R-III Certificates, which relate to and are payable from the Group II Loans.

Group II Senior Certificates. The Class II-A-1 Certificates. GROUP II SENIOR PERCENTAGE: Initially, 94.50%. On any Distribution Date, the lesser of (i) 100% and (ii) the percentage (carried to six places rounded up) obtained by dividing the aggregate Current Principal Amount of the Group II Senior Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Group II Mortgage Loans as of the beginning of the related Due Period.

Group II Senior Certificates. The Class AV-1, Class AV-2 and Class AV-3 Certificates.