Holder of the Class R Certificates definition

Holder of the Class R Certificates means the Holders of at least a majority ---------------------------------- Percentage Interest in the Class R Certificates.
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Holder of the Class R Certificates means the Holders of at least a majority Percentage Interest in the Class R Certificates.
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Examples of Holder of the Class R Certificates in a sentence

  • The Holder of the Class R Certificates designated as “tax matters person” of each REMIC created hereunder in the manner provided under Treasury Regulations Section 1.860F–4(d) and Treasury Regulations Section 301.6231(a)(7)–1.

  • The Holder of the Class R Certificates designated as “tax matters person” of each REMIC created hereunder in the manner provided under Treasury Regulations Section 1.860F-4(d) and Treasury Regulations Section 301.6231(a)(7)-1.

  • The Holder of the Class R Certificates shall not be entitled to reimbursement for any taxes paid pursuant to this Section.

  • The Holder of the Class R Certificates issued hereunder or any Permitted Transferee of such Class R Certificateholder shall be the initial “tax matters person” for REMIC I, REMIC II, REMIC III and REMIC IV within the meaning of Section 6231(a)(7) of the Code.

  • The Department warrants that the Corporation will have full possession, use and quiet enjoyment of the Leased Premises and Leased Personalty throughout the Lease Term.

  • The Holder of the Class R Certificates issued hereunder or any Permitted Transferee of such Class R Certificateholder shall be the initial “tax matters person” for each REMIC created hereby within the meaning of Section 6231(a)(7) of the Code.

  • If within two years after the second notice any Certificates shall not have been surrendered for cancellation, the Trustee shall deliver any remaining funds being held by it to the Holder of the Class R Certificates and the Holder of the Class R Certificates shall, subject to applicable state law relating to escheatment, hold all amounts distributable to such Holders for the benefit of such Holders.

  • Notwithstanding the foregoing, the Auction Agent may terminate the Auction Agent Agreement if, within 25 days after notifying the Trustee, the Servicer, the Holder of the Class R Certificates and the Market Agent in writing that it has not received payment of any Auction Agent Fee due it in accordance with the terms of the Auction Agent Agreement, the Auction Agent does not receive such payment.

  • The exercise of the right of the Holder of the Class R Certificates to purchase all the Mortgage Loans and property in respect of Mortgage Loans will result in early retirement of the Certificates, the right of the Holder of the Class R Certificates to purchase being subject to the Pool Balance at the time of purchase being less than 10% of the sum of the Original Pool Balance and the Prefunding Account Deposit.

  • The Mortgage Loans that may be purchased by the Holder of the Class R Certificates pursuant to this paragraph will be selected by the Master Servicer in its sole discretion.

Related to Holder of the Class R Certificates

  • Class R Certificates All Certificates bearing the class designation of "Class R".

  • 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 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-III Certificate Any one of the Class R-III 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 III 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.