Component Certificates definition

Component Certificates. As specified in the Preliminary Statement.
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Component Certificates. As specified in the Preliminary Statement. Component Notional Amount: Not applicable.
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Component Certificates. As specified in the Preliminary Statement. ---------------------- Cooperative Corporation: The entity that holds title (fee or an ----------------------- acceptable leasehold estate) to the real property and improvements constituting the Cooperative Property and which governs the Cooperative Property, which Cooperative Corporation must qualify as a Cooperative Housing Corporation under Section 216 of the Code.
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Examples of Component Certificates in a sentence

  • All Realized Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

  • All Realized Losses or Applied Loss Amounts allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

  • In addition, any Realized Losses allocated to any Class of Component Certificates on a Distribution Date shall be allocated in reduction of the Component Principal Balances of the related Components (other than any Notional Component) in proportion to their respective Component Principal Balances immediately prior to such Distribution Date.

  • All Realized Losses or Excess Losses allocated to a Class of Component Certificates will be allocated, pro rata, to the related Components.

  • In addition, any Realized Losses allocated to any Class of Component Certificates on a Distribution Date shall be allocated in reduction of the Component Principal Amounts of the related Components (other than any Notional Component) in proportion to their respective Component Principal Amounts immediately prior to such Distribution Date.

  • Except as provided in Section 4.04(a)(i) above, all Realized Losses allocated to a Class of Component Certificates will be allocated pro rata to the related Components.

  • The Trustee shall assume that the position of the Component Certificates in such interest rate cap contract has a value of $1,000.

  • The Component Certificates shall be treated as representing ownership of a Master REMIC regular interest and a position in an interest rate cap contract.

  • Except as provided in Section 4.04(a)(i) above, all Realized Losses or Excess Losses allocated to a Class of Component Certificates will be allocated pro rata to the related Components.

  • Thus, the LIBOR Certificates and the Component Certificates shall be treated as representing ownership of Master REMIC regular interests coupled with contractual rights and obligations within the meaning of Treasury Regulation 1.860G-2(i).


More Definitions of Component Certificates

Component Certificates. As specified in the Preliminary Statement. Component Notional Amount: Not Applicable. Confirmation: Not Applicable. Consent: A document executed by the Cooperative Corporation (i) consenting to the sale of the Cooperative Unit to the Mortgagor and (ii) certifying that all maintenance charges relating to the Cooperative Unit have been paid.
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Component Certificates. As specified in the Preliminary Statement. Co-op Shares: Shares issued by a Cooperative Corporation.
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Component Certificates. The Class M2 Certificates and the Class M3 Certificates.
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Component Certificates. Class 1-A-5 Certificates. COOPERATIVE: A corporation that has been formed for the purpose of cooperative apartment ownership.
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Related to Component Certificates