Class R Certificates definition

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

Class R Certificates. The Certificates designated as “Class R” on the face thereof in substantially the form attached hereto as Exhibit B, representing ownership of the Class R-1 and Class R-2 Residual Interests, each of which Class of Residual Interests has been designated as the sole class of “residual interest” in REMIC I and REMIC II, respectively, pursuant to Section 2.06 and Section 2.11, respectively, for purposes of Section 860G(a)(2) of the Code.

Class R Certificates. Any one of the Class R Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5, and evidencing the Class R-I Interest, the Class R-II Interest and the Class R-III Interest.

Examples of Class R Certificates in a sentence

• It retains the Retained Class R Certificates, which represent an interest in the trust student loans equal to not less than five percent of the aggregate nominal value of the trust student loans; b.

• It retains the Retained Class R Certificates, which represent an interest in the trust student loansYequal to not less than five percent of the aggregate nominal value of the trust student loans b.

• Residual Certificates The Class R Certificates (the “Residual Certificates”).

• The Class LR Interest (evidenced by the Class R Certificates) will not have a Certificate Balance or Notional Amount, will not bear interest and will not be entitled to distributions of Prepayment Premiums or Yield Maintenance Charges.

• Each Certificate, other than the Class C, Class X and Class R Certificates, represents ownership of a Regular Interest in REMIC III and also represents (i) the right to receive certain amounts specified herein in respect of Basis Risk Shortfall Carry Forward Amounts (as defined herein) and (ii) the obligation to pay Class IO Distribution Amounts (as defined herein).

More Definitions of Class R Certificates

Class R Certificates. The Class R-I, Class R-II and Class R-III Certificates.

Class R Certificates. The Class R Certificates, which comprise both the Pooling REMIC Residual Interest and the Issuing REMIC Residual Interest.

Class R Certificates. As defined in the Preliminary Statement.

Class R Certificates. A Certificate executed and authenticated by the Certificate Administrator in substantially the form set forth in Exhibit A-8 hereto and designated as a Class R Certificate. The Class R Certificates have neither a Certificate Balance nor a Pass-Through Rate. The Class R Certificates will evidence the sole class of “residual interests” in each of the Upper-Tier REMIC and the Lower-Tier REMIC.

Class R Certificates. The Class R-1 and Class R-2 Certificates.

Class R Certificates. All Certificates bearing the class designation of “Class R,” and evidencing ownership of the Class R-I Interest, the Class R-II Interest and the Class R-III Interest.

Class R Certificates mean, in each such case, the Certificates designated as “Class A-1,” “Class A-2,” “Class A-SB,” “Class A-3,” “Class A-4,” “Class A-S,” “Class X-A,” “Class X-C,” “Class B,” “Class PST,” “Class C,” “Class D,” “Class E,” “Class F,” “Class G,” “Class H” and “Class R,” respectively, on the face thereof, in substantially the forms attached hereto as Exhibits A-1 to A-17.