Group II Class definition

Group II Class. A The Class A-2, Class A-3 and Class A-4 Certificates. Certificates: Group II Class A The Class A-3 and Class A-4 Certificates. Sequential Certificates:

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Group II Class. A Certificates The Class A-2a, A-2b and A-2c Certificates Pass-Through Rate: will accrue interest at a variable rate equal to the least of (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable), (ii) the Loan Group II Cap and (iii) the WAC Cap.

Group II Class. A The Class A-2, Class A-3 and Class A-4 Certificates. Certificates: Class A Certificate The Class A-1 Certificates and Group II Class A Group: Certificates, as applicable. Expected Closing August 25, 2004 through DTC and Euroclear or Date: Clearstream. The Certificates will be sold without accrued interest. Cut-off Date: August 1, 2004 Distribution Dates: The 25th of each month, or if such day is not a business day, on the next business day, beginning September 25, 2004. Final Scheduled For the Class A-2 Certificates, the Distribution Date Distribution Date: occurring in August 2013, and for all other Offered Certificates, the Distribution Date occurring in July 2034.

Examples of Group II Class in a sentence

For federal income tax purposes, such amounts paid to the Group II Supplemental Interest Trust on each Distribution Date shall first be deemed paid to the Group II Supplemental Interest Trust in respect of REMIC X Regular Interest IO to the extent of the amount distributable on such REMIC X Regular Interest IO on such Distribution Date, and any remaining amount shall be deemed paid to the Group II Supplemental Interest Trust in respect of a Group II Class IO Distribution Amount.
However, any payment from the Group II Certificates (other than the Class II-CE, Class II-P and Class II-R Certificates) of a Group II Class IO Distribution Amount shall be treated for tax purposes as having been received by the Holders of such Certificates in respect of their interests in REMIC IV and as having been paid by such Holders to the Swap Administrator pursuant to the notional principal contract.
However, any payment from the Group II Certificates (other than the Class II-C Certificates and Class II-R Certificates) of a Group II Class IO Distribution Amount shall be treated for tax purposes as having been received by the Holders of such Certificates in respect of their interests in REMIC IV and as having been paid by such Holders to the Swap Administrator pursuant to the notional principal contract.
For federal income tax purposes, such amounts paid to the Group II Supplemental Interest Trust on each Distribution Date shall first be deemed paid to the Group II Supplemental Interest Trust in respect of REMIC VIII Regular Interest IO to the extent of the amount distributable on such REMIC VIII Regular Interest IO on such Distribution Date, and any remaining amount shall be deemed paid to the Group II Supplemental Interest Trust in respect of a Group II Class IO Distribution Amount.
The Class II-A-1 Notes and the Issuer's Floating Rate Class II-A-2 Asset Backed Notes (the "Class II-A-2 Notes" and together with the Class II-A-1 Notes, the "Group II Class A Notes" or the "Group II Notes") are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.

More Definitions of Group II Class

Group II Class. A Principal Distribution Amount shall equal the Group II Principal Distribution Amount until the Certificate Principal Balance of the Group II Class A Certificates has been reduced to zero;

Group II Class. A The Class A-2a, A-2b, A-2c and A-2d Certificates will Certificates accrue interest at a variable rate equal to the least of Pass-Through Rate: (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable), (ii) the Loan Group II Cap and (iii) the WAC Cap. Class M-1 The Class M-1 Certificates will accrue interest at a Pass-Through Rate: variable rate equal to the lesser of (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class M-2 The Class M-2 Certificates will accrue interest at a Pass-Through Rate: variable rate equal to the lesser of (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class M-3 The Class M-3 Certificates will accrue interest at a Pass-Through Rate: variable rate equal to the lesser of (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class M-4 The Class M-4 Certificates will accrue interest at a Pass-Through Rate: variable rate equal to the lesser of (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class M-5 The Class M-5 Certificates will accrue interest at a Pass-Through Rate: variable rate equal to the lesser of (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class M-6 The Class M-6 Certificates will accrue interest at a Pass-Through Rate: variable rate equal to the lesser of (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class B-1 The Class B-1 Certificates will accrue interest at a Pass-Through Rate: variable rate equal to the lesser of (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class B-2 The Class B-2 Certificates will accrue interest at Pass-Through Rate: a variable rate equal to the lesser of (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Clean-up Call is exercisable) and (ii) the WAC Cap. Class B-3 The Class B-3 Certificates will ...

Group II Class. A Principal Distribution Amount................................ 28

Group II Class. A As to any Distribution Date, the supplemental interest Basis Risk Carry amount for each of the Group II Class A Certificates will Forward Amount: equal the sum of:

Group II Class. Cr-B-6 Prepayment Percentage: As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Group II Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class Cr-B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class Cr-B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class Cr-B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Group II Class Cr-B-6 Prepayment Percentage for such Distribution Date will be zero.

Group II Class. A The Group II Class A Interest Rate Cap Payment shall Interest Rate Cap be available to pay any Basis Risk Carry Forward Payment Allocation: Amount due to the Class A-2, A-3 and A-4 Certificates on a pro rata basis. -------------------------------------------------------------------------------- The information herein has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information herein, or that any future offer of securities, instruments or transactions will conform to the terms hereof. Please refer to the important information and qualifications on the second page hereof when reviewing this information. Class M Interest Rate Beginning on the first Distribution Date, and for a Cap: period of 38 months thereafter, an Interest Rate Cap will be entered into by the Trust for the benefit of the Class M Certificates. For its duration, the Class M Interest Rate Cap pays the Trust the product of (i) the excess, if any, of the then current 1-month LIBOR rate (not to exceed the cap ceiling) over the cap strike (on an Actual/360 day count basis) and (ii) the Class M Interest Rate Cap Notional Balance ("the Class M Interest Rate Cap Payment") as described on the schedule herein.

Group II Class. A Certificates Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates. LIBOR Certificates........... Class A and Subordinated Certificates.

Filter & Search

Related Definitions