Class of certificates definition

Class of certificates means a certificate with the following characteristics:
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Class of certificates or “Class” means either the Class A Certificates or Class B Certificates.
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Class of certificates means a certificate with the follow- ing characteristics:
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Examples of Class of certificates in a sentence

  • For federal income tax reporting purposes, as of the Closing Date, the value of the interest in the Group 2 Yield Maintenance Agreement owned by each Class of certificates expressed as a percentage of the Class Certificate Principal Balance, or Class Certificate Notional Balance, as applicable, is as follows: Class A-2-A 0%, Class A-2-B 0%, Class A-2-C 0%, and Class A-X-2, 0.051%.

  • With respect to any Upper Tier Regular Interest, as of any date of determination, the Class Balance of the Companion Class of certificates.

  • For federal income tax reporting purposes, as of the Closing Date, the value of the interest in the Yield Maintenance Agreement owned by each Class of certificates is as follows: Class A-1 Certificates and Class A-2 Certificates collectively, 100% (allocated among such Certificates in proportion to their Certificate Principal Balances), and Class A-X Certificates, 0% (total value $15,705,000).

  • The Servicer shall provide to the Trustee the information set forth in Exhibit G in such form as the Trustee shall reasonably request with respect to each Mortgage Loan serviced by the Servicer no later than twelve noon no later than seven calendar days prior to the related Distribution Date, to enable the Trustee to calculate the amounts to be distributed to each Class of certificates and otherwise perform its distribution, accounting and reporting requirements hereunder.

  • For federal income tax reporting purposes, as of the Closing Date, the value of the interest in the Yield Maintenance Agreement owned by each Class of certificates is as follows: Class A-1 Certificates and Class A-2 Certificates collectively, 100% (allocated among such Certificates in proportion to their Certificate Principal Balances), and Class A-X Certificates, 0% (total value $3,449,000).

  • For federal income tax reporting purposes, as of the Closing Date, the value of the interest in the Group 1 Yield Maintenance Agreement owned by each Class of certificates expressed as a percentage of the Class Certificate Principal Balance, or Class Certificate Notional Balance, as applicable, is as follows: Class A-1-A 0%, Class A-1-B 0%, Class A-1-C 0%, and Class A-X-1, 0.023%.

  • An amount equal to the amount of any remaining Subsequent Recoveries shall be applied to increase the Certificate Principal Balance of the Class of Class M or Class B Certificates then outstanding with the next highest distribution priority, up to the amount of the Applied Realized Loss Amount previously allocated to that Class of certificates pursuant to Section 4.03, and so on.


More Definitions of Class of certificates

Class of certificates means the Certificate Principal Balances of all Certificates in such Class.
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Class of certificates means a certificate with the following characteristics: (1) specific job duties or functions associated with the certificate;
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Class of certificates proportionate share (in the same proportion that the amount of unused Deposits with respect to such Class of Certificates bears to the unused Deposits with respect to all Classes of Certificates, disregarding for this purpose unused Deposits attributable to any Non-Delivery Redemption Amount) of the Par Redemption Amount and (y) the portion of the Non-Delivery Redemption Amount attributable to such Class, were issued, on each remaining Regular Distribution Date for such Class under the Assumed Amortization Schedule over (ii) the scheduled payment of principal and interest to maturity of the Equipment Notes actually acquired by the Pass Through Trustee for such Class on each such Regular Distribution Date, such present value computed by discounting such excess on a semiannual basis on each Regular Distribution Date (assuming a 360-day year of twelve 30-day months) using a discount rate equal to the Adjusted Treasury Yield over (b) the amount of such unused Deposits to be (and that have been) distributed to the holders of such Certificates minus the sum of (x) such Class of Certificates' proportionate share of the Par Redemption Amount and (y) the portion of the Non-Delivery Redemption Amount attributable to such Class, plus accrued and unpaid interest on such net amount to but excluding such date of determination from and including the preceding Regular Distribution Date (or if such date of determination precedes the first Regular Distribution Date, the Issuance Date).
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