Class P Certificates definition

Class P Certificates. All Certificates bearing the class designation of "Class P".
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Class P Certificates. As set forth in the Preliminary Statement.
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Class P Certificates. The Certificates designated as "Class P" on the face thereof in substantially the form attached hereto as Exhibit A.
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Examples of Class P Certificates in a sentence

  • No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A Certificates or the Class P Certificates.

  • The Class P Certificates and the Residual Certificates are not entitled to distributions in respect of interest and, accordingly, will not accrue interest.

  • The Depositor hereby directs the Trustee to register the Class X and Class P Certificates in the name of the Depositor or its designee.

  • The Class P Certificates are issuable in minimum denominations of 100% and shall be maintained in physical, fully registered form.

  • The Class P Certificates, the Class C Certificates and the Residual Certificates are issuable in any Percentage Interests; provided, however, that the sum of all such percentages for each such Class totals 100% and no more than ten Certificates of each Class may be issued and outstanding at any one time.


More Definitions of Class P Certificates

Class P Certificates. The Class I-P and Class II-P Certificates. As such term is used herein, the Class I-P Certificates are "related" to the Class I-P Mortgage Loans and the Class II-P Certificates are "related" to the Class II-P Mortgage Loans.
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Class P Certificates. Any of the Class I-P Certificates and Class II-P Certificates.
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Class P Certificates. The Class 1-P Certificates and the Class 2-P Certificates.
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Class P Certificates. The Class I-P and Class III-P Certificates.
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Class P Certificates. Any one of the Class P Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-4, 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 REMIC Regular Interest in REMIC 4.
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Class P Certificates. CLASS Q CERTIFICATES," "CLASS S CERTIFICATES," "CLASS R-I CERTIFICATES," "CLASS R-II CERTIFICATES", "CLASS R-III CERTIFICATES," or "CLASS R-EA CERTIFICATES," mean the Certificates designated as "Class A-1," "Class A-2," "Class ▇-▇," "▇▇▇▇▇ ▇-▇▇," "Class ▇-▇," "▇▇▇▇▇ ▇-▇," "Class X-1," "Class X-2," "Class B," "Class C," "Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class P," "Class Q," "Class S," "Class R-I," "Class R-II", "Class R-III" and "Class R-EA" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.
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Class P Certificates. The Class P Certificates, which represent the corresponding Upper-Tier II Regular Interest for purposes of the REMIC Provisions and are entitled to distributions in respect of their Class Certificate Balance and certain Prepayment Charges as set forth herein.
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