Class R-1 Certificate definition

Class R-1 Certificate. Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.
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Class R-1 Certificate. Any Certificate designated as such and executed and authenticated by the Trustee substantially in the form set forth in Exhibit B-1 hereto.
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Class R-1 Certificate means any Class R-1 Certificate executed by the Owner Trustee and authenticated by the Indenture Trustee substantially in the form of Exhibit B-3 of the Trust Agreement.
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Examples of Class R-1 Certificate in a sentence

  • Cash of $50 will be deposited into REMIC I and shall be paid out on the first Distribution Date to the Class R-1 Certificate.

  • Any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentation and surrender of this Class R-1 Certificate at the Corporate Trust Office.

  • The Holder of the Class R-1 Certificate is hereby designated as the "Tax Matters Person" (within the meaning of Treas.

  • It is expected that there will not be any distributions on the Class R-1 Certificate.

  • This Class R-1 Certificate is not entitled to distributions in respect of interest.

  • Any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentment and surrender of this Class R-1 Certificate at the offices designated by the Trustee for such purposes.

  • The Class R-1 Certificate represents ownership of the sole class of residual interest in REMIC II.

  • It is expected that there shall not be any distributions on the Class R-1 Certificate.

  • By its acceptance of a Class R-1 Certificate, each Holder thereof shall have agreed to such appointment and shall have consented to the appointment of the Trust Administrator as its agent to act on behalf of Subsidiary REMIC 1 pursuant to the specific duties outlined herein.

  • On the Startup Day, the REMIC I Regular Interests will be designated "regular interests" in such REMIC and the Class R-1 Certificate will be designated the "residual interest" in such REMIC.


More Definitions of Class R-1 Certificate

Class R-1 Certificate. A Certificate denominated as a Class R-1 Certificate.
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Class R-1 Certificate. The Class R-1 Certificate executed by the Securities Administrator on behalf of the Trust, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit C-3 and evidencing the ownership of the Residual Interest in REMIC 1.
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Class R-1 Certificate. Any Certificate designated a "Class R-1 Certificate" on the face thereof, in substantially the form set forth in Exhibit A-10 hereto, and evidencing ownership of the residual interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificate as set forth herein. CLASS M-2 YIELD MAINTENANCE AGREEMENT: ISDA Master Agreement (including the schedule thereto), dated as of the Closing Date, by and between Bear Stearns Financial Products, Inc. and the Trust, together with the ▇▇▇▇▇▇mation, Ref. No. FXBSABS3, dated the Closing Date, between Bear Stearns Financial Products, Inc. and the Trust, relating to maint▇▇▇▇▇▇ of a minimum yield on the Class M-2 Certificates.
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Class R-1 Certificate. Any Certificate designated as a "Class R-1 Certificate" on the face thereof, in the form of Exhibit A-6 hereto. Class R-1 Certificateholder: A Holder of a Class R-1 Certificate. Class R-1 Notional Balance: Initially, $288,156,229, and for each Distribution Date subsequent to the first Distribution Date, the Current Pool Principal Balance.
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Related to Class R-1 Certificate

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • Class R-II Certificate Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.

  • Class R-X Certificate Any one of the Class R-X Certificates executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-R-X and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.

  • Class B-1 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-1 and Exhibit C hereto. Class B-1 Certificateholder: The registered holder of a Class B-1 Certificate.