Class R-I Interest definition

Class R-I Interest. The uncertificated Residual Interest in REMIC I.

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Class R-I Interest. The Residual Interest in REMIC I for the purposes of the REMIC Provisions.

Class R-I Interest. The “residual interest” (as defined in Code Section 860(a)(2)) in REMIC I, the beneficial interest in which is represented by the Class R Certificates.

Examples of Class R-I Interest in a sentence

For the purposes of the REMIC election in respect of REMIC I, the REMIC I Regular Interests shall be designated as the Regular Interests in REMIC I and the Class R-I Interest shall be designated as the Residual Interest in REMIC I.
The interests evidenced by the Class R-I Interest, together with the REMIC I Regular Interests, constitute the entire beneficial ownership interest in REMIC I.
The Class R-I Interest will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein).
For the purposes of the REMIC election in respect of REMIC I, the REMIC I Regular Interests shall be designated as the Regular Interests in REMIC I and the Class R-I Interest shall be designated as the Residual Interests in REMIC I.
Issuance of the REMIC I Regular Interests and the Class R-I Interest.

Class R-I Interest means the uncertificated interest designated as the "residual interest" in the Subsidiary REMIC for purposes of the REMIC Provisions.

Class R-I Interest means the interest designated as the "residual interest" in the Subsidiary REMIC for purposes of the REMIC Provisions.

Class R-I Interest. The residual interest in the REMIC I as described in the Preliminary Statement and the related footnote thereto.

Class R-I Interest means the Class R-Ia Interest, the Class R-Ib ------------------ Interest, or both, as the case may be.

Class R-I Interest. The uncertificated Residual Interest in REMIC I. "Class R-II Interest": The uncertificated Residual Interest in REMIC II.

Class R-I Interest the sole class of "residual interests" in REMIC I.