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Class of certificates definition

Class of certificatesÌýmeans a certificate with the following characteristics:
Class of certificatesÌýor “Classâ€� means either the Class A Certificates or Class B Certificates.
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Class of certificatesÌýmeans the Certificate Principal Balances of all Certificates in such Class.
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Examples of Class of certificates in a sentence

  • For federal income tax reporting purposes, as of the Closing Date, the value of the interest in the Group 1 Yield Maintenance Agreement owned by each Class of certificates expressed as a percentage of the Class Certificate Principal Balance, or Class Certificate Notional Balance, as applicable, is as follows: Class A-1-A 0%, Class A-1-B 0%, Class A-1-C 0%, and Class A-X-1, 0.023%.

  • With respect to any Upper Tier Regular Interest, as of any date of determination, the Class Balance of the Companion Class of certificates.

  • Unlike IPP 2-10, which requested a list of all contracts with terms in excess of three years that the Company has entered into for the purchase of energy, capacity of RECs and specific detail for each such arrangement including the pricing terms for each product and a copy of each such contract, IPP 2-46 requests PSNH to provide the number and REC Class of certificates that it expects to receive and the facility associated with the REC production.

  • An amount equal to the amount of any remaining Subsequent Recoveries shall be applied to increase the Certificate Principal Balance of the Class of Class M or Class B Certificates then outstanding with the next highest distribution priority, up to the amount of the Applied Realized Loss Amount previously allocated to that Class of certificates pursuant to Section 4.03, and so on.

  • For federal income tax reporting purposes, as of the Closing Date, the value of the interest in the Yield Maintenance Agreement owned by each Class of certificates is as follows: Class A-1 Certificates and Class A-2 Certificates collectively, 100% (allocated among such Certificates in proportion to their Certificate Principal Balances), and Class A-X Certificates, 0% (total value $3,449,000).

  • If each Class of certificates other than Class A has been reduced to zero, funds available for principal will be distributed to Classes A-1 and A-2, pro rata, rather than sequentially.

  • For federal income tax reporting purposes, as of the Closing Date, the value of the interest in the Group 2 Yield Maintenance Agreement owned by each Class of certificates expressed as a percentage of the Class Certificate Principal Balance, or Class Certificate Notional Balance, as applicable, is as follows: Class A-2-A 0%, Class A-2-B 0%, Class A-2-C 0%, and Class A-X-2, 0.051%.

  • Classes of Certificates.(a) "Class of certificates" means a certificate with the following characteristics: (1) specific job duties or functions associated with the certificate;(2) standards established by the State Board for Educator Certification (SBEC) for the issuance of the certificate; and(3) comprehensive examination(s) prescribed by the SBEC as specified in §230.21 of this title.

  • For federal income tax reporting purposes, as of the Closing Date, the value of the interest in the Yield Maintenance Agreement owned by each Class of certificates is as follows: Class A-1 Certificates and Class A-2 Certificates collectively, 100% (allocated among such Certificates in proportion to their Certificate Principal Balances), and Class A-X Certificates, 0% (total value $15,705,000).

  • The Servicer shall provide to the Trustee the information set forth in Exhibit G in such form as the Trustee shall reasonably request with respect to each Mortgage Loan serviced by the Servicer no later than twelve noon no later than seven calendar days prior to the related Distribution Date, to enable the Trustee to calculate the amounts to be distributed to each Class of certificates and otherwise perform its distribution, accounting and reporting requirements hereunder.


More Definitions of Class of certificates

Class of certificatesÌýmeans a certificate with the following characteristics: (1) specific job duties or functions associated with the certificate;
Class of certificatesÌýmeans a certificate with the follow- ing characteristics:
Class of certificatesÌýproportionate share (in the same proportion that the amount of unused Deposits with respect to such Class of Certificates bears to the unused Deposits with respect to all Classes of Certificates, disregarding for this purpose unused Deposits attributable to any Non-Delivery Redemption Amount) of the Par Redemption Amount and (y) the portion of the Non-Delivery Redemption Amount attributable to such Class, were issued, on each remaining Regular Distribution Date for such Class under the Assumed Amortization Schedule over (ii) the scheduled payment of principal and interest to maturity of the Equipment Notes actually acquired by the Pass Through Trustee for such Class on each such Regular Distribution Date, such present value computed by discounting such excess on a semiannual basis on each Regular Distribution Date (assuming a 360-day year of twelve 30-day months) using a discount rate equal to the Adjusted Treasury Yield over (b) the amount of such unused Deposits to be (and that have been) distributed to the holders of such Certificates minus the sum of (x) such Class of Certificates' proportionate share of the Par Redemption Amount and (y) the portion of the Non-Delivery Redemption Amount attributable to such Class, plus accrued and unpaid interest on such net amount to but excluding such date of determination from and including the preceding Regular Distribution Date (or if such date of determination precedes the first Regular Distribution Date, the Issuance Date).
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Related to Class of certificates

  • Junior Class of Certificates The Class of Subordinate Certificates outstanding as of the date of the repurchase of a Mortgage Loan pursuant to Section 4.07 herein that has the Lowest Priority.

  • Classes of Certificates Each of the Class A and Class B Certificates will consist of one or more classes with the prior consent of Wells Fargo Asset Securities Xxxxoration (the "Seller"), which consent shall not be unreasonably withheld. Aggregate Principal Amount $ ___________(Approximate) of the Offered Certificates: Certificates Not Offered Hereby: The Class B-4, Class B-5 and Class B-6 Certificates (the "Other Certificates").

  • Corresponding Classes of Certificates With respect to each REMIC Regular Interest, any Class of Certificates appearing opposite such REMIC Regular Interest in Section 1.03 hereof.

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • Class B-6 Certificates The Certificates designated as “Class B-6â€� on the face thereof in substantially the form attached hereto as Exhibit A.