Group II Subordinate Certificates definition

Group II Subordinate Certificates. The Class II-B-1, Class II-B-2, Class II-B-3, Class II-B-4, Class II-B-5 and Class II-B-6 Certificates.

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

Group II Subordinate Certificates. The Group II Offered Subordinate Certificates and Group II Non-Offered Certificates.

Examples of Group II Subordinate Certificates in a sentence

• The first Distribution Date on which the aggregate Certificate Principal Balance of the Group II Subordinate Certificates has been reduced to zero.

• Upon the termination of the Trust, or the payment in full of the Group II Senior Certificate and the Group II Subordinate Certificates, all amounts remaining on deposit in the Class II-A-2A Swap Account shall be released by the Trust and distributed to the Class II-CE Certificateholders.

• The Applied Loss Amount with respect to the Group II Certificates for any Distribution Date shall be applied by reducing the Class Principal Balance of the Class of Group II Subordinate Certificates then outstanding with the lowest relative payment priority, until the respective Class Principal Balance thereof is reduced to zero.

• Payments to the Class AV-2 Certificates will be made sequentially provided however, that if the aggregate of the Class Principal Balances of the Group II Subordinate Certificates is reduced to zero, the Class AV-2 Certificates will be paid pro rata.

• In addition, to the extent the related Servicer receives Subsequent Recoveries with respect to any defaulted Group II Loan, the amount of the Realized Loss with respect to that defaulted Group II Loan will be reduced to the extent such Subsequent Recoveries are applied to reduce the Certificate Principal Balance of any Class of Group II Senior Certificates or Group II Subordinate Certificates on any Distribution Date.

More Definitions of Group II Subordinate Certificates

Group II Subordinate Certificates means collective reference to the Class MV-1 Certificates, the Class MV-2 Certificates and Class BV Certificates.

Group II Subordinate Certificates. The Class M1-II, Class M2-II, Class M3-II, Class M4-II, Class M5-II, Class M6-II, Class M7-II, Class M8-II and Class M9-II Certificates.

Group II Subordinate Certificates. The Class IIM, Class IIB-1, Class IIB-2, Class IIB-3, Class IIB-4 and Class IIB-5 Certificates, collectively, and designated as such on the face thereof in substantially the form attached hereto as Exhibits A-23 and Exhibit A-29 through A-33, respectively and for purposes of this Agreement, the "order of seniority" from highest to lowest of such certificates shall be the order designated in the beginning of this definition.

Group II Subordinate Certificates. The Class II-M-1, Class II-M-2, Class II-B and Class II-X Certificates. GreenPoint: GreenPoint Mortgage Funding, Inc., a New York corporation, and its successors and assigns.

Group II Subordinate Certificates. The Class II-B-1, Class II-B-2, Class II-B-3, Class II-B-4, Class II-B-5 and Class II-B-6 Certificates. Group II Subordinate Loss and Delinquency Test: On any Distribution Date, the Group II Subordinate Loss and Delinquency Test is satisfied if, as of the last day of the month preceding such Distribution Date, (A) the aggregate Scheduled Principal Balance of the Group II Mortgage Loans delinquent 60 days or more (including for this purpose any such Group II Mortgage Loans in foreclosure and Group II Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust), averaged over the last six months, as a percentage of the aggregate Current Principal Amount of the Group II Subordinate Certificates does not exceed 50%; and (B) cumulative Realized Losses on the Group II Mortgage Loans do not exceed (a) 30% of the Original Group II Subordinate Principal Balance if such Distribution Date occurs between and including September 2014 and August 2015, (b) 35% of the Original Group II Subordinate Principal Balance if such Distribution Date occurs between and including September 2015 and August 2016, (c) 40% of the Original Group II Subordinate Principal Balance if such Distribution Date occurs between and including September 2016 and August 2017, (d) 45% of the Original Group II Subordinate Principal Balance if such Distribution Date occurs between and including September 2017 and August 2018, and (e) 50% of the Original Group II Subordinate Principal Balance if such Distribution Date occurs during or after September 19, 2018.

Group II Subordinate Certificates. The Group II Offered Subordinate Certificates and the Group II Non-Offered Subordinate Certificates. Harbourside: Savannah Bank, NA dba Harbourside Mortgage Corporation, and its successor in interest. Harbourside Servicing Agreement: The Purchase, Warranties and Servicing Agreement, dated as of April 1, 2005, as amended by Amendment No. 1, dated as of January 31, 2006, between Harbourside and EMC, attached hereto as Exhibit H-8.

Group II Subordinate Certificates. As set forth in the Preliminary Statement. Indirect Participants: Entities, such as banks, brokers, dealers and trust companies, that clear through or maintain a custodial relationship with a Participant, either directly or indirectly. Initial Bankruptcy Loss Coverage Amount: $270,353.