Class C-2 Certificate definition
Class C-2 Certificate. Class C-2 Certificateholder", "Class C-2 Trust", "Class C-2 Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.
Class C-2 Certificate. A Certificate designated as “Class C-2” on the face thereof, in the form of Exhibit A-1 hereto, and evidencing undivided beneficial ownership of the related Exchangeable Class Specific Grantor Trust Assets for purposes of the REMIC Provisions.
Class C-2 Certificate. Class C-2 Trust Agreement", "Class C Certificate" and "Class C Trust Agreement" shall have the respective meanings assigned to such terms in the Intercreditor Agreement for such Prior Series.
Examples of Class C-2 Certificate in a sentence
The Master Servicer shall treat the rights of the holders of the Offered Certificates to receive payments in respect of Cap Carryover Amounts as rights in a notional principal contract written by the holders of the Class C-2 Certificate, in the case of payments from the Supplemental Interest Trust or Cap Agreement Reserve Fund, and the holders of the Class C-1 and Class C-2 Certificates in the case of payments from the Basis Risk Reserve Fund, in favor of the holders of the Offered Certificates.
For state and federal tax purposes, the Holder of the Class C-2 Certificate shall be the beneficial owner of the Cap Agreement Reserve Fund.
More Definitions of Class C-2 Certificate
Class C-2 Certificate. Class C-2 Certificateholder", "Class C-2 Trust", "Class C-2 Trust Agreement", "Class C-2 Trustee", "Policy Provider" and "Policy Provider Default" shall have the respective meanings assigned to such terms in the Intercreditor Agreement. This Section 7.01 supersedes and replaces Section 6.01(b) of the Basic Agreement.
Class C-2 Certificate. Any one of the Certificates executed and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-7 hereto.
Class C-2 Certificate. Any one of the Class C-2 Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit A-5, executed by the Trustee and authenticated and delivered by the Trustee, representing the right to distributions as set forth herein and therein and evidencing a Regular Interest in REMIC 3.