Class X Specific Grantor Trust Assets definition

Class X Specific Grantor Trust Assets. The portion of the Trust Fund consisting of (i) the Class X Percentage Interest of the Regular Interests and (ii) amounts held from time to time in the Regular Interest Distribution Account that represent distributions of the Class X Percentage Interest of the Regular Interests.
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Related to Class X Specific Grantor Trust Assets

  • Class A-L Regular Interests The Class A-1A-L, Class A-1B-L and Class A-1C-L Regular Interests.

  • REMIC I Assets All of the Mortgage Pool Assets.

  • Uncertificated REMIC I Regular Interests The Uncertificated REMIC I Regular Interests Z together with the interests identified in the table below, each representing an undivided beneficial ownership interest in REMIC I, and having the following characteristics:

  • Grantor Trust means a Trust other than a RIC.

  • REMIC I Regular Interests The Classes of undivided beneficial interests in REMIC I designated as “regular interests” in the table titled “REMIC I Interests” in the Preliminary Statement hereto. The REMIC I Regular Interests, together with the Class R-1 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC I Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.