Corresponding Class or Classes Sample Clauses

The 'Corresponding Class or Classes' clause defines which specific class or classes of shares, interests, or securities are relevant or affected within the context of an agreement. In practice, this clause identifies the particular group of stakeholders—such as holders of a certain class of stock—who are entitled to exercise rights, receive benefits, or be subject to obligations under the contract. For example, it may specify that only holders of Class A shares are eligible to vote on a particular matter or receive certain dividends. The core function of this clause is to ensure clarity and precision regarding which parties are impacted by specific provisions, thereby preventing disputes and misunderstandings about rights and responsibilities.
Corresponding Class or Classes. The Class of interests in one REMIC created under this Agreement that corresponds to the Class of interests in another REMIC or to a Class of Certificates in the manner set out below:
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Corresponding Class or Classes. The Class of interests in one REMIC created under this Agreement that corresponds to the Class of interests in another REMIC or to a Class of Certificates in the manner set out below: Countrywide: Countrywide Home Loans Servicing LP, in its capacity as servicer under the Countrywide Servicing Agreement.
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Corresponding Class or Classes. The Class of interests in one REMIC created under this Agreement that corresponds to the Class of interests in another REMIC or to a Class of Certificates in the manner set out below: Custodian: ▇▇▇▇▇ Fargo Bank, N.A., a national banking association, and thereafter, the Custodian, if any, hereinafter appointed by the Trustee pursuant to Section 8.16. The Custodian may (but need not) be the Trustee (provided the Trustee meets the requirement of Section 8.16) or any Person directly or indirectly controlling or controlled by or under common control of the Trustee.
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Corresponding Class or Classes. The Class of interests in one REMIC created under this Agreement that corresponds to the Class of interests in another REMIC or to a Class or Classes of Certificates in the manner set out below: Custodian: Initially, the Trustee and thereafter any custodian appointed by the Trustee pursuant to Section 9.12. A Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of either of them. None of the Master Servicer, any Servicer or the Depositor, or any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.
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Related to Corresponding Class or Classes

  • Additional Series or Classes In the event that the Board of Directors shall determine to issue any additional series of shares for which it is proposed that the Investment Manager serve as investment manager, the Company and the Investment Manager shall enter into an Addendum to this Agreement setting forth the name of the series and/or classes, as appropriate, the Applicable Fee and such other terms and conditions as are applicable to the management of such series and/or classes, or, in the alternative, enter into a separate management agreement that relates specifically to such series or classes of shares.

  • Elimination of Series or Classes At any time that there are no Shares outstanding of any particular Series or Class previously established, the Trustees may abolish that Series or Class and rescind the establishment thereof.

  • Combination of Series or Classes (i) The Board of Trustees shall have the authority, without the approval, vote or consent of the Shareholders of any Series, unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series; provided that upon completion of such combination of Series, the interest of each Shareholder, in the combined assets and liabilities held with respect to the combined Series shall equal the interest of each such Shareholder in the aggregate of the assets and liabilities held with respect to the Series that were combined. (ii) The Board of Trustees shall have the authority, without the approval, vote or consent of the Shareholders of any Series or Class, unless otherwise required by applicable law, to combine, merge or otherwise consolidate the Shares of two or more Classes of Shares of a Series with and/or into a single Class of Shares of such Series, with such designation, preference, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications, terms and conditions of redemption and other characteristics as the Trustees may determine; provided, however, that the Trustees shall provide written notice to the affected Shareholders of any such transaction. (iii) The transactions in (i) and (ii) above may be effected through share-for-share exchanges, transfers or sales of assets, Shareholder in-kind redemptions and purchases, exchange offers, or any other method approved by the Trustees.

  • Division of Series or Classes The Trustees shall have the authority, without the approval of the Shareholders of any Series or Class unless otherwise required by applicable federal law, to divide the assets and liabilities held with respect to any Series or Class into assets and liabilities held with respect to an additional one or more Series or Classes and in connection therewith to cause some or all of the Shareholders of such Series or Class to be admitted as Shareholders of such additional one or more Series or Classes.

  • Original Class B Principal Balance The Original Class B Principal Balance is $7,500,485.88.