Group I Class A Certificates definition
Examples of Group I Class A Certificates in a sentence
Any such distributions in respect of the Group I Class A Certificates will be distributed to such Classes in the manner provided in the first subparagraph of this subsection.
Thereafter, the Extraordinary Trust Fund Expenses relating to Collateral Pool I will be allocated on any Distribution Date among the Group I Class A Certificates on a pro rata basis based on their respective Certificate Principal Balances.
Any such distributions in respect of the Group I Class A Certificates will be distributed to such Classes in the manner provided in the first subparagraph of this Section.
Thereafter, any Extraordinary Trust Fund Expenses relating to Collateral Pool I will be allocated on any Distribution Date among the Group I Class A Certificates on a pro rata basis.
For the first 36 Distribution Dates, any principal distributions allocated to the Group I Class A Certificates will be distributed sequentially, first to the Class A-1 Certificates, until their Class Certificate Balance has been reduced to zero, and then to the Class A-2 Certificates, until their Class Certificate Balance has been reduced to zero.
After the Stepdown Date, the Group I Class A Certificates receive collateral principal to maintain 10.2125% credit enhancement.
Any payments of principal to the Group I Class A Certificates will be made first from payments relating to the Group I Mortgage Loans, and any payments of principal to the Group II Class A Certificates will be made first from payments relating to the Group II Mortgage Loans.
Beginning on the 37th Distribution Date, principal distributions allocated to the Group I Class A Certificates will be distributed pro rata between the Class A-1 and Class A-2 Certificates, or if the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero, solely to the Class A-2 Certificates.
The Group I Class A Certificates, the Group II Class A Certificates, the Mezzanine Group I Certificates and the Class IB Certificates are collectively referred to herein as the "Certificates".
Thereafter, the Extraordinary Trust Fund Expenses relating to Collateral Pool I will be allocated on any Distribution Date to the Group I Class A Certificates as set forth below.