CLASS M-2 COMPONENT definition

CLASS M-2 COMPONENT means a component of the beneficial interest in REMIC III evidenced by the Class M Certificates, which component represents a Certificate Balance equal to the Certificate Balance of the REMIC II Regular Interest M-2.
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CLASS M-2 COMPONENT. The component portion of the Class M Certificates designated as the "Class M-2 Component" and having an initial Component Principal Balance equal to $23,625,000. The Class M-2 Component will not be transferable separately from the other Class M Components except upon the occurrence of a Separation Event, at which time the Class M-2 Component will be issued as a Class M-2 Certificate.
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CLASS M-2 COMPONENT. The portion of a Class M Note primarily supported by the Group 2 Mortgage Loans.
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Related to CLASS M-2 COMPONENT

  • Class M-2 Margin For any Distribution Date on or prior to the Optional Termination Date, 1.150% per annum and, for any Distribution Date after the Optional Termination Date, 1.725% per annum.

  • Class M-1 Margin As of any Distribution Date up to and including the Initial Optional Termination Date, 0.300% per annum and, as of any Distribution Date after the Initial Optional Termination Date, 0.450% per annum.

  • Class M-2 Certificate Any one of the Class M-2 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-3 Margin As of any Distribution Date up to and including the Initial Optional Termination Date, 0.3300% per annum and, as of any Distribution Date after the Initial Optional Termination Date, 0.4950% per annum.

  • Class M-6 Certificate Any one of the Class M-6 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.