The Certificates. Initially, the Trust shall issue a single denomination of a 100.00% Certificate Percentage Interest of the Class 1P Certificates. The Class 1P Certificates shall represent a 100% beneficial interest in the portion of the Trust relating to Prepayment Charges on the Group 1 Loans. Initially, the Trust shall issue a single denomination of a 100.00% Certificate Percentage Interest of the Class 1X-1 Certificates. The Class 1X-1 Certificates shall represent a 100%
... beneficial interest in the portion of the Trust relating to the Group 1 Loans. Initially, the Trust shall issue a single denomination of a 100.00% Certificate Percentage Interest of the Class 1X-2 Certificates. The Class 1X-2 Certificates shall represent a 100% beneficial interest in recoveries on Charged Off Loans in Loan Group 1 that become Released Loans. Initially, the Trust shall issue a single denomination of a 100.00% Certificate Percentage Interest of the Class 1X-S Certificates. The Class 1X-S Certificates shall represent a 100% beneficial interest in the portion of the Trust relating to the Excess Servicing Fee with respect to the Group 1 Loans. Initially, the Trust shall issue a single denomination of a 100.00% Certificate Percentage Interest of each of the Class G Certificates. The Class G Certificates shall represent the residual interest in REMIC IIA. Initially, the Trust shall issue a single denomination of a 100.00% Certificate Percentage Interest of the Class 2P Certificates. The Class 2P Certificates shall represent a 100% beneficial interest in the portion of the Trust relating to Prepayment Charges on the Group 2 Loans. Initially, the Trust shall issue a single denomination of a 100.00% Certificate Percentage Interest of the Class 2X-1 Certificates. The Class 2X-1 Certificates shall represent a 100% beneficial interest in the portion of the Trust relating to the Group 2 Loans. Initially, the Trust shall issue a single denomination of a 100.00% Certificate Percentage Interest of the Class 2X-2 Certificates. The Class 2X-2 Certificates shall represent a 100% beneficial interest in recoveries on Charged Off Loans in Loan Group 2 that become Released Loans. Initially, the Trust shall issue a single denomination of a 100.00% Certificate Percentage Interest of the Class 1A-R Certificates. The Class 1A-R Certificates represents beneficial ownership of the Class R-IA Interest, the Class R-IB Interest, the Class R-IC Interest and the Class R-ID Interest. Initially, the Trust shall issue a single denomination of a 100.00% Certificate Percentage Interest of the Class 2A-R Certificates. The Class 2A-R Certificates represents beneficial ownership of the Class R-IIB Interest and the Class R-IIC Interest. The Certificates of each Class shall be shall be transferable in minimum denominations of 20% Certificate Percentage Interest.
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