Class M2 Certificates definition
Class M2 Certificates. All Certificates bearing the Class designation of “Class M2 Certificates” representing the right to distributions as set forth herein and therein and representing (i) a regular interest in REMIC III for purposes of the REMIC Provisions, (ii) the right to receive the Net WAC Rate Carryover Amount, and (iii) the obligation to pay the Class IO Distribution Amount.
Class M2 Certificates. All Certificates bearing the class designation of "Class M2."
Class M2 Certificates representing the right to distributions as set forth herein and therein and representing (i) a regular interest in REMIC II for purposes of the REMIC Provisions and (ii) the right to receive its related Net WAC Rate Carryover Amount.
More Definitions of Class M2 Certificates
Class M2 Certificates. Collectively, the Class 1-M2 and Class 2-M2 Certificates. Class M3 Certificates: Collectively, the Class 1-M3 and Class 2-M3 Certificates.