Residual Certificates definition

Residual Certificates. As specified in the Preliminary Statement.
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Residual Certificates. The Class R Certificates.
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Residual Certificates. Any of the Class R Certificates.
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Examples of Residual Certificates in a sentence

  • The holder of the largest Percentage Interest of each Class of Residual Certificates shall be designated, in the manner provided under Treasury regulations section 1.860F-4(d) and Treasury regulations section 301.6231(a)(7)-1, as the tax matters person of the related REMIC created hereunder.

  • Upon termination of the Trust and payment of the Certificates and of all administrative expenses associated with the Trust, any remaining assets of the Trust shall be distributed to the holders of the Residual Certificates.

  • All Classes of Certificates, other than the Residual Certificates.

  • Notwithstanding such final payment of principal of any of the Certificates, each Residual Certificate will remain outstanding until the termination of each REMIC and the payment in full of all other amounts due with respect to the Residual Certificates and at such time such final payment in retirement of any Residual Certificate will be made only upon presentation and surrender of such Certificate at the Corporate Trust Office.

  • The Class P Certificates and the Residual Certificates are not entitled to distributions in respect of interest and, accordingly, will not accrue interest.


More Definitions of Residual Certificates

Residual Certificates. The Class 1-A-R and Class 1-A-LR Certificates.
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Residual Certificates. The Class AR and Class AR-L Certificates.
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Residual Certificates. The Class R-1, Class R-2, Class R-3 and Class RX Certificates (representing ownership of the Class R-4 Interest, Class R-5 Interest and Class R-6 Interest), each evidencing the sole class of Residual Interests in the related REMIC.
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Residual Certificates. The Class R Certificates, the Class R‑CX Certificates and the Class R‑PX Certificates.
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Residual Certificates means, with respect to REMIC I, the Class R-I Certificates, with respect to REMIC II, the Class R-II Certificates and with respect to REMIC III, the Class R-III Certificates.
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Residual Certificates. The Class R-1, Class R-2 and Class R-3 Certificates collectively.
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Residual Certificates means each of the Class R-1 and Class R-2 Certificates.
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