Control Eligible Certificates definition
Control Eligible Certificates. Any of the Class G-RR and Class J-RR Certificates.
Examples of Control Eligible Certificates in a sentence
The rights of the Controlling Class during each Appraisal Review Period shall be exercised by the next most senior Class of Control Eligible Certificates, if any.
More Definitions of Control Eligible Certificates
Control Eligible Certificates shall be the Class E and Class F Certificates. No other Class of Certificates shall be eligible to act as a Controlling Class or appoint a Directing Holder.
Control Eligible Certificates. Any of the Class H and Class J Certificates.
Control Eligible Certificates. Any of the Class F and Class NR Certificates.
Control Eligible Certificates. The Class HRR Certificates. No other Class of Certificates will be eligible to act as the Controlling Class or appoint a Controlling Class Representative.
Control Eligible Certificates. The Class C and Class HRR Certificates provided that the Class C Certificates will only be Control Eligible Certificates for so long as the initial Controlling Class Representative, the initial Special Servicer, or any of their affiliates is the Holder, by Certificate Balance, of the majority of such Class of Certificates. At any time none of the initial Controlling Class Representative, the initial Special Servicer or any of their affiliates is the majority holder, by Certificate Balance, of the Class C Certificates, such Class of Certificates will no longer be Control Eligible Certificates. No other Classes of Certificates will be eligible to act as a Controlling Class or appoint a Controlling Class Representative.
Control Eligible Certificates. All Classes of Certificates, collectively, within each of the following four (4) groupings of Certificates: (i) the Classes of Certificates related to the Class E Regular Interests, being the Class E-1, Class E-2, Class E, Class EF and Class EFG Certificates, in the case of each such Class, only to the extent evidencing an interest in the Class E Regular Interests (and the aggregate Certificate Balance of this grouping of Certificates shall only take into account the portion of the Certificate Balance of each such Class representing an interest in the Class E Regular Interests); (ii) the Classes of Certificates related to the Class F Regular Interests, being the Class F-1, Class F-2, Class F, Class EF and Class EFG Certificates, in the case of each such Class, only to the extent evidencing an interest in the Class F Regular Interests (and the aggregate Certificate Balance of this grouping of Certificates shall only take into account the portion of the Certificate Balance of each such Class representing an interest in the Class F Regular Interests); (iii) the Classes of Certificates related to the Class G Regular Interests, being the Class G-1, Class G-2, Class G and Class EFG Certificates, in the case of each such Class, only to the extent evidencing an interest in the Class G Regular Interests (and the aggregate Certificate Balance of this grouping of Certificates shall only take into account the portion of the Certificate Balance of each such Class representing an interest in the Class G Regular Interests); and (iv) the Classes of Certificates related to the Class H Regular Interests, being the Class H-1, Class H-2 and Class H Certificates.