Class R Interest definition

Class R Interest means the uncertificated interest in Series 2021-1 representing the right to receive all distributions to the “Class R Interest” pursuant to this Indenture.
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Class R Interest. The sole class of "residual interest" in the Upper-Tier REMIC.
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Class R Interest has the meaning set forth in the applicable Trust Financing Agreement for a Series, if applicable.
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Examples of Class R Interest in a sentence

  • The Class R Interest Holder has no legal title to any Trust Property.

  • The Class R Interest Holder will receive distributions only as set forth in Section 8.2 and Section 8.3(g)(iii) of this Indenture.

  • The Class R Interest Holder may transfer the Class R Interest in accordance with and subject to the requirements applicable to transfers of “Class R Interests” under the Trust Agreement, subject to the requirements of Section 11.7 of this Indenture.

  • Under the Trust Agreement, the Trust has appointed the Owner Trustee to be the Trust Registrar for the Class R Interest.

  • Cellco determined the fair value of the Class R Interest based on its own valuation methodology, inputs and assumptions and is solely responsible for the valuation methodology, inputs and assumptions.

  • The Class R Interest Holder will receive any Series 2025-5 Available Funds not needed on a Payment Date to pay the Notes and the Trust’s other obligations as set forth in Section 8.2 of this Indenture.

  • The Class R Interest Holder, if it wishes to transfer the Class R Interest, shall notify the Trust Registrar in writing of such transfer and identify the new Class R Interest Holder.

  • Upon receipt of notice in writing of any transfer of the Class R Interest identifying the new Class R Interest Holder, the Owner Trustee, as Trust Registrar for the Class R Interest, will record such transferee as the Class R Interest Holder on the Trust Register.

  • Cellco determined the fair value of the Class R Interest, and will determine the fair value of such Class R Interest, on the Closing Date as required by Rule 5(i)(2) of the U.S. Credit Risk Retention Rules.

  • The Class R Interest Holder will be the Person or Persons registered as the holder of any portion of the Class R Interest on the Trust Register.


More Definitions of Class R Interest

Class R Interest. The Class R-1 Interest or the Class R-2 Interest.
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Class R Interest means Class R interests issued by the Trust as part of Series [_]-[_].]
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Class R Interest. The Class R-1 Interest, Class R-2 Interest, Class R-3 Interest or Class R-4 Interest.
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Class R Interest. The residual interest in the Class [ ] REMIC as described in the Preliminary Statement and the related footnote thereto.
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Class R Interest. The sole class of uncertificated Residual Interests in the Trust REMIC held by the ES Trust the beneficial ownership of which is represented by the Class R Certificates.
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