AR Interest definition

AR Interest means (i) any beneficial ownership of a legal person through which the relevant activities of those entities are conducted; and/or (ii) being in a position that may enable the exercise of a material, financial, commercial, administrative, managerial or any other influence over the affairs of a natural or legal person whether directly or indirectly and whether formally or informally.
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AR Interest. Level: UG (Upper Grades)
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Examples of AR Interest in a sentence

  • The Class A-R Interest is hereby designated as the residual interest in the Master REMIC and each other Master REMIC Interest is hereby designated as a regular interest in the Master REMIC.

  • The Depositor hereby designates the Classes of Class A Certificates (other than the Residual Certificate) and the Classes of Class B Certificates as classes of "regular interests" and the Class A-R Interest as the single class of "residual interest" in the Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

  • The Class A-R Certificates will represent beneficial ownership of the SR Interest and the A-R Interest.

  • The Class AR Certificates shall represent beneficial ownership of the MR-1 Interest, the MR-2 Interest, and the AR Interest.

  • In addition, the Master REMIC shall issue the AR Interest and shall designate such interest as its sole class of residual interest.

  • For federal income tax purposes, each Subsidiary REMIC Interest and Master REMIC Interest (except the SR-A-R Interest and the A-R Interest) is hereby designated as a regular interest in its issuing REMIC.

  • Each interest in the Master REMIC, other then the AR Interest, shall be designated as a REMIC regular interest.

  • Each interest in the Master REMIC, other than the AR Interest, shall be designated as a REMIC regular interest.

  • In addition, the Upper-Tier REMIC shall issue the Class AR Interest and shall designate such interest as its sole class of residual interest.

  • For federal income tax purposes, each Swap-IO REMIC, Subsidiary REMIC Interest and Master REMIC Interest (except the SW-A-R Interest, SR-A-R Interest and the A-R Interest) is hereby designated as a regular interest in its issuing REMIC.