Class LT-R Interest definition

Class LT-R Interest. The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.
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Class LT-R Interest. The residual interest in the Lower-Tier REMIC. The Class LT-R Interest will be represented by the Class R Certificates.
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Class LT-R Interest. As described in the Preliminary Statement.
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Examples of Class LT-R Interest in a sentence

  • The Class R Certificate will represent beneficial ownership of the Class LTR Interest and the Residual Interest.

  • The Class LT-R Interest will constitute the sole Class of “residual interests” in the Lower-Tier REMIC created hereunder and will be evidenced by the Class R Certificates.

  • The Lower Tier REMIC will consist of SWAP REMIC Regular Interests and will be evidenced by the Lower Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower Tier REMIC) and the Class LTR Interest as the single "residual interest" in the Lower Tier REMIC.

  • The Class R Certificate will represent beneficial ownership of the Class SWR Interest, the Class LTR Interest and the Residual Interest.

  • The Class LT-R Interest is hereby designated as the sole residual interest (within the meaning of Section 860G(a)(2) of the Code) in the Lower-Tier REMIC.


More Definitions of Class LT-R Interest

Class LT-R Interest. The sole class of "residual interest" in the Lower Tier REMIC evidenced by the Class R Certificates.
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Class LT-R Interest. The sole residual interest in the Lower-Tier REMIC.
Sample 1Sample 2Sample 3
Class LT-R Interest. The sole residual interest in the Lower Tier REMIC.
Sample 1Sample 2Sample 3
Class LT-R Interest. The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement.
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Class LT-R Interest. The sole class of "residual interest" in the Lower Tier REMIC, as described in the Preliminary Statement and in Section 2.07.
Sample 1
Class LT-R Interest. The sole residual interest in the Lower Tier REMIC. Class MT-R Interest: The sole residual interest in the Middle Tier REMIC.
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Class LT-R Interest. Not applicable.
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