Class R Certificate definition
Class R Certificate. The Class R Certificate executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A and evidencing the ownership of the Class LT-R Interest and the residual interest in the Upper Tier REMIC.
Class R Certificate. Any one of the Class R Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-18 and evidencing the ownership of the Class R-I Interest, the Class R-II Interest and the Class R-III Interest.
Class R Certificate. Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-17 hereto. The Class R Certificates have no Pass-Through Rate, Certificate Balance or Notional Amount.
Examples of Class R Certificate in a sentence
Each Person who has or who acquires any Ownership Interest in a Class R Certificate shall be deemed by the acceptance or acquisition of such Ownership Interest to have agreed to be bound by the following provisions.
This Class R Certificate represents the “residual interest” in two “real estate mortgage investment conduits”, as those terms are defined, respectively, in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended (the “Code”).
More Definitions of Class R Certificate
Class R Certificate. Any of the Class R-1, Class R-2, Class R-3 or Class RX Certificates.
Class R Certificate. Any one of the Class R-I Certificates and Class R-II Certificates.
Class R Certificate. A Certificate designated as “Class R” on the face thereof in the form of Exhibit A-16 hereto, and evidencing the sole class of “residual interest” in the Lower-Tier REMIC and Upper-Tier REMIC for purposes of the REMIC Provisions.
Class R Certificate. The Class R Certificate executed by the Trustee and authenticated by the Trustee in substantially the form set forth in Exhibit A.
Class R Certificate. Any Certificate designated as a "Class R Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.
Class R Certificate. Any one of the Class R-I, Class R-II, Class R-III and Class R-IV Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed to the Standard Terms as Exhibit D and evidencing an interest designated as a "residual interest" in each REMIC for purposes of the REMIC Provisions.
Class R Certificate. Any one of the Class R Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-2, executed by the Securities Administrator and authenticated and delivered by the Securities Administrator, evidencing ownership of the Class R-1 Interest and Class R-2 Interest.