Common use of Certain Constructions Clause in Contracts

Certain Constructions. For purposes of this Agreement, references to the most or next most subordinate Class of Certificates outstanding at any time shall mean the most or next most subordinate Class of Certificates then outstanding as among the Class [A], Class [X-A], Class [X-B], Class [B], Class [C], Class [D], Class [E], Class [F] and Class [G] Certificates; provided, however, that for purposes of determining the most subordinate Class of Certificates, in the event that the Class [A] Certificates are the only Classes of Sequential Pay Certificates outstanding, the Class [A] Certificates and the Class [X] Certificates together will be treated as the most subordinate Class of Certificates. For purposes of this Agreement, each Class of Regular Certificates shall be deemed to be outstanding only to the extent its respective Certificate Principal Amount or Notional Amount has not been reduced to zero. For purposes of this Agreement, the Class [R] Certificates shall be deemed to be outstanding so long as the Trust REMICs have not been terminated pursuant to Section 9.01 of this Agreement.

Certain Constructions. For purposes of this Agreement, references to the most or next most subordinate Class of Certificates outstanding at any time shall mean the most or next most subordinate Class of Certificates then outstanding as among the Class [A], Class [X-A], Class [XA-B]M, Class [B]A-J, Class [C]B, Class [D]C, Class [E]D, Class [E, Class F] , Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class O, Class P, Class Q and Class [G] S Certificates; provided, however, that for purposes of determining the most subordinate Class of Certificates, in the event that the Class [A] A Certificates are the only Classes Class of Sequential Pay Certificates outstandingoutstanding (other than the Class X, Class LR or Class R Certificates), the Class [A] A Certificates and the Class [X] X Certificates together will be treated as the most subordinate Class of Certificates. For purposes of this Agreement, each Class of Regular Certificates other than the Class LR and Class R Certificates shall be deemed to be outstanding only to the extent its respective Certificate Principal Amount or Notional Amount has not been reduced to zero. For purposes of this Agreement, Agreement the Class [R] LR and the Class R Certificates shall be deemed to be outstanding so long as the Trust REMICs have not been terminated pursuant to Section 9.01 of this Agreement9.01.

Certain Constructions. For purposes of this Agreement, references to the most or next most subordinate Class of Certificates outstanding at any time shall mean the most or next most subordinate Class of Certificates then outstanding as among the Class [A]A-1, Class [A-2, Class A-3, Class A-4, Class X-A], Class [X-B], Class [B]A-S, Class [C]B, Class [D]C, Class [E]D, Class [F] E, Class F and Class [G] G Certificates; provided, however, that for purposes of determining the most subordinate Class of Certificates, in the event that the Class [A] A-1, Class A-2, Class A-3 and Class A-4 Certificates are the only Classes of Sequential Pay Certificates outstanding, the Class [A] Certificates A-1, Class A-2, Class A-3, Class A-4 and the Class [X] -A Certificates together will be treated as the most subordinate Class of Certificates. For purposes of this Agreement, each Class of Regular Certificates shall be deemed to be outstanding only to the extent its respective Certificate Principal Amount or Notional Amount has not been reduced to zero. For purposes of this Agreement, the Class [R] R Certificates shall be deemed to be outstanding so long as the Trust REMICs have not been terminated pursuant to Section 9.01 of this Agreement.

Certain Constructions. For purposes of this Agreement, references to the most or next most subordinate Class of Certificates outstanding at any time shall mean the most or next most subordinate Class of Certificates then outstanding as among the Class [A]A-1, Class [A-2, Class A-3, Class A-AB, Class X-A], Class [X-B], Class [B]A-S, Class [C]B, Class [D]C, Class [E]D, Class [F] E, Class F and Class [G] G Certificates; provided, however, that for purposes of determining the most subordinate Class of Certificates, in the event that the Class [A-1, Class A-2, Class A-3 and Class A] -AB Certificates are the only Classes of Sequential Pay Certificates outstanding, the Class [A-1, Class A-2, Class A-3, Class A] Certificates -AB and the Class [X] -A Certificates together will be treated as the most subordinate Class of Certificates. For purposes of this Agreement, each Class of Regular Certificates shall be deemed to be outstanding only to the extent its respective Certificate Principal Amount or Notional Amount has not been reduced to zero. For purposes of this Agreement, the Class [R] R Certificates shall be deemed to be outstanding so long as the Trust REMICs have not been terminated pursuant to Section 9.01 of this Agreement.

Certain Constructions. For purposes of this Agreement, references to the most or next most subordinate Class of Certificates outstanding at any time shall mean the most or next most subordinate Class of Certificates then outstanding as among the Class [A]A-1, Class [A-2, Class A-3, Class A-4, Class A-AB, Class X-A], Class [X-B], Class [B]X-C, Class [C]A-S, Class [D]B, Class [E]C, Class [F] D, Class E, Class F and Class [G] G Certificates; provided, however, that for purposes of determining the most subordinate Class of Certificates, in the event that the Class [A-1, Class A-2, Class A-3, Class A-4 and Class A] -AB Certificates are the only Classes of Sequential Pay Certificates outstanding, the Class [A-1, Class A-2, Class A-3, Class A-4, Class A] Certificates -AB and the Class [X] -A Certificates together will be treated as the most subordinate Class of Certificates. For purposes of this Agreement, each Class of Regular Certificates shall be deemed to be outstanding only to the extent its respective Certificate Principal Amount or Notional Amount has not been reduced to zero. For purposes of this Agreement, the Class [R] R Certificates shall be deemed to be outstanding so long as the Trust REMICs have not been terminated pursuant to Section 9.01 of this Agreement.

Certain Constructions. For purposes of this Agreement, references to the most or next most subordinate Class of Certificates outstanding at any time shall mean the most or next most subordinate Class of Certificates then outstanding as among the Class [A]A-1, Class [A-2, Class A-3, Class A-4, Class A-AB, Class X-A], Class [X-B], Class [B]A-S, Class [C]B, Class [D]C, Class [E]D, Class [F] E, Class F and Class [G] G Certificates; provided, however, that for purposes of determining the most subordinate Class of Certificates, in the event that the Class [A-1, Class A-2, Class A-3, Class A-4 and Class A] -AB Certificates are the only Classes of Sequential Pay Certificates outstanding, the Class [A-1, Class A-2, Class A-3, Class A-4, Class A] Certificates -AB and the Class [X] -A Certificates together will be treated as the most subordinate Class of Certificates. For purposes of this Agreement, each Class of Regular Certificates shall be deemed to be outstanding only to the extent its respective Certificate Principal Amount or Notional Amount has not been reduced to zero. For purposes of this Agreement, the Class [R] R Certificates shall be deemed to be outstanding so long as the Trust REMICs have not been terminated pursuant to Section 9.01 of this Agreement. For purposes of this Agreement, the M▇▇▇▇▇▇▇ Industrial Portfolio Subordinate Loan shall be deemed to be a mezzanine loan.

Certain Constructions. For purposes of this Agreement, references to the most or next most subordinate Class of Certificates [or Class PEZ Regular Interests] outstanding at any time shall mean the most or next most subordinate Class of Certificates [or Class PEZ Regular Interests] then outstanding as among the Class [A], Class [X-A], Class [X-B], Class [B], Class [C], Class [D], Class [E], Class [F] and Class [G] Certificates; provided, however, that for purposes of determining the most subordinate Class of Certificates, in the event that the Class [A] Certificates are the only Classes of Sequential Pay Certificates outstanding, the Class [A] Certificates and the Class [X] Certificates together will be treated as the most subordinate Class of Certificates. For purposes of this Agreement, each Class of Regular Certificates shall be deemed to be outstanding only to the extent its respective Certificate Principal Amount Balance or Notional Amount has not been reduced to zero. For purposes of this Agreement, the Class [R] Certificates [and Class PEZ Regular Interests] shall be deemed to be outstanding so long as the Trust REMICs have not been terminated pursuant to Section 9.01 of this Agreement.

Certain Constructions. For purposes of this Agreement, references to the most or next most subordinate Class of Certificates outstanding at any time shall mean the most or next most subordinate Class of Certificates then outstanding as among the Class [A], Class [X-A], Class [X-B], Class [B], Class [C], Class [D], Class [E], Class [F] and Class [G] Certificates; provided, however, that for purposes of determining the most subordinate Class of Certificates, in the event that the Class [A] Certificates are the only Classes of Sequential Pay Certificates outstanding, the Class [A] Certificates and the Class [X] Certificates together will be treated as the most subordinate Class of Certificates. For purposes of this Agreement, each Class of Regular Certificates shall be deemed to be outstanding only to the extent its respective Certificate Principal Amount or Notional Amount has not been reduced to zero. For purposes of this Agreement, the Class [R] R Certificates shall be deemed to be outstanding so long as the Trust REMICs have not been terminated pursuant to Section 9.01 of this Agreement.

Certain Constructions. For purposes of this Agreement, references to the most or next most subordinate Class of Certificates [or Class PEZ Regular Interests] outstanding at any time shall mean the most or next most subordinate Class of Certificates [or Class PEZ Regular Interests] then outstanding as among the Class [A], Class [X-A], Class [X-B], Class [B], Class [C], Class [D], Class [E], Class [F] and Class [G] Certificates; provided, however, that for purposes of determining the most subordinate Class of Certificates, in the event that the Class [A] Certificates are the only Classes of Sequential Pay Certificates outstanding, the Class [A] Certificates and the Class [X] Certificates together will be treated as the most subordinate Class of Certificates. For purposes of this Agreement, each Class of Regular Certificates shall be deemed to be outstanding only to the extent its respective Certificate Principal Amount or Notional Amount has not been reduced to zero. For purposes of this Agreement, the Class [R] Certificates [and Class PEZ Regular Interests] shall be deemed to be outstanding so long as the Trust REMICs have not been terminated pursuant to Section 9.01 of this Agreement.

Certain Constructions. For purposes of this Agreement, references to the most or next most subordinate Class of Certificates or Class PEZ Regular Interests outstanding at any time shall mean the most or next most subordinate Class of Certificates or Class PEZ Regular Interest then outstanding as among the Class [A]A-1, Class [A-2, Class A-3, Class A-4, Class A-AB, Class X-A], Class [X-B], Class [B]X-C, Class [C]A-S, Class [D]B, Class [E]C, Class [D, Class E, Class F] , Class G and Class [G] CertificatesH Certificates and the Class A-S, Class B and Class C Regular Interest; provided, however, that for purposes of determining the most subordinate Class of Certificates, in the event that the Class [A-1, Class A-2, Class A-3, Class A-4 and Class A] -AB Certificates are the only Classes of Sequential Pay Certificates (other than the Class X and Class R Certificates) outstanding, the Class [A-1, Class A-2, Class A-3, Class A-4, Class A] Certificates -AB, Class X-A, Class X-B and the Class [X] -C Certificates together will be treated as the most subordinate Class of Certificates. For purposes of this Agreement, each Class of Certificates (other than the Class S and Class R Certificates) and Class PEZ Regular Certificates Interest shall be deemed to be outstanding only to the extent its respective Certificate Principal Amount or Notional Amount has not been reduced to zero. For purposes of this Agreement, the Class [R] R Certificates shall be deemed to be outstanding so long as the Trust REMICs have not been terminated pursuant to Section 9.01 of this Agreement.