Class PO Certificates Sample Clauses
The 'Class PO Certificates' clause defines the rights and characteristics of a specific class of certificates, typically in a securitization or structured finance transaction. These certificates, often referred to as 'Principal Only' (PO) certificates, entitle holders to receive payments derived solely from the principal portion of the underlying asset pool, without any entitlement to interest payments. For example, in a mortgage-backed security, Class PO Certificate holders would receive principal repayments as borrowers pay down their loans, but would not receive any portion of the interest payments. This clause clarifies the allocation of cash flows and helps investors understand the risk and return profile of these certificates, ensuring transparency and proper risk allocation among different classes of investors.
Class PO Certificates. Private Certificates..................................... Class P, Class B-4, Class B-5 and Class B-6 Certificates. Rating Agencies.......................................... Fitch and S&P. Regular Certificates..................................... All Classes of Certificates other than the Class A-R Certificates. Residual Certificate..................................... Class A-R Certificates.
Class PO Certificates. Components...............................
Class PO Certificates. Private Certificates................ Class B-3, Class B-4 and Class B-5 Certificates. Rating Agencies..................... S&P and Duff & ▇▇▇▇▇▇. Regular Certificates................ All Classes of Certificates, other than the Residual Certificates. Residual Certificates............... Class A-R Certificates. Scheduled Principal Classes............................. None. Secondary Planned Principal Class............................... None. Senior Certificates................. Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Class PO, Class X and Class A-R Certificates. Subordinated Certificates .......... Class M, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates. Support Classes..................... None.
Class PO Certificates. Private Certificates..........Class B-3, Class B-4 and Class B-5 Certificates. Rating Agencies...............S&P and Fitch.
Class PO Certificates. Private Certificates......... Class B-3, Class B-4 and Class B-5 Certificates.
Class PO Certificates. Senior Certificates.................
Class PO Certificates. The Class 15-PO and Class 30-PO Certificates. For purposes of this Agreement, the Class 15-PO Certificates are related to the 15-Year Loan Groups and the Class 30-PO Certificates are related to the 30-Year Loan Groups.
Class PO Certificates. Private Certificates........................Class 1-B-3, Class C-B-3, Class 1-B-4, Class C-B-4, Class 1-B-5 and Class C-B-5 Certificates. Rating Agencies.............................Fitch and Moody's. Regular Certificates........................All Classes ▇▇ ▇▇▇tificates, other than the Residual Certificates. Residual Certificates.......................Class A-R Certificates. Scheduled Principal Classes.....................................None. Secondary Planned Principal Class.......................................None. Senior Certificate Group....................The Group 1 Senior Certificates, the Group 2 Senior Certificates or the Group 3 Senior Certificates, as applicable.
Class PO Certificates. Private Certificates................ Class B-3, Class B-4 and Class B-5 Certificates. Rating Agencies..................... S&P and DCR. Regular Certificates................ All Classes of Certificates, other than the Residual Certificates. Residual Certificates............... Class A-R Certificates. Scheduled Principal Classes............................. None. Secondary Planned Principal Class............................... None. Senior Certificates................. Class A-1,Class A-2, Class A-3 Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class PO, Class X and Class A-R Certificates. Subordinated Certificates .......... Class M, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates. Support Classes..................... None. Targeted Principal Classes............................. None. With respect to any of the foregoing designations as to which the corresponding reference is "None," all defined terms and provisions herein relating solely to such designations shall be of no force or effect, and any calculations herein incorporating references to such designations shall be interpreted without reference to such designations and amounts. Defined terms and provisions herein relating to statistical rating agencies not designated above as Rating Agencies shall be of no force or effect.
Class PO Certificates. Components............................................... Group 1A PO Component and Group 1B PO Component.