Class B-2 Certificates definition

Class B-2 Certificates. All Certificates bearing the class designation of "Class B-2".
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Class B-2 Certificates. The Certificates designated as “Class B-2” on the face thereof in substantially the form attached hereto as Exhibit A.
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Class B-2 Certificates. The Certificates designated as “Class B-2” on the face thereof in substantially the form attached hereto as Exhibit A. Class B-2-L Regular Interest: The uncertificated undivided beneficial interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein.
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Examples of Class B-2 Certificates in a sentence

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and the interest portion of certain Realized Losses allocated to the Class B-2 Certificates, as described in the Agreement.

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and any Relief Act Shortfall allocated to the Class B-2 Certificates, as described in the Agreement.

  • The pass-through rate on the Class B-2 Certificates applicable to each Distribution Date will be 6.500% per annum.

  • The pass-through rate on the Class B-2 Certificates applicable to each Distribution Date will be 6.750% per annum.

  • The pass-through rate on the Class B-2 Certificates applicable to each Distribution Date will be 6.250% per annum.


More Definitions of Class B-2 Certificates

Class B-2 Certificates. Any Certificate designated as a "Class B-2 Certificate" on the face thereof, executed by the Trustee and authenticated by the Trustee in substantially the form set forth in Exhibit A, representing the right to distributions as set forth herein.
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Class B-2 Certificates. All Certificates bearing the class designation of “Class B-2,” and evidencing (i) a REMIC Regular Interest in REMIC III, (ii) the right to receive the related Basis Risk CarryForward Amount and (iii) the obligation to pay any Class IO Distribution Amount.
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Class B-2 Certificates. Any one of the Class B-2 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-1, executed by the Securities Administrator and authenticated and delivered by the Securities Administrator, representing the right to distributions as set forth herein and therein and evidencing a REMIC Regular Interest in REMIC 2.
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Class B-2 Certificates shall have the meaning specified in subsection 1(a) of this Supplement.
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Class B-2 Certificates. The Certificates designated as "Class B-2" on the face thereof in substantially the form attached hereto as Exhibit A-16. The Class B-2 Certificates shall be entitled to receive distributions related to the Mortgage Loans in Loan Group I and Loan Group II.
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Class B-2 Certificates means the Trust's Class B-2 Variable Funding Certificates, Series 1997-1.
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Class B-2 Certificates. The Class B-2 Certificates created pursuant to Section 3 hereof.
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