Class C Interest definition

Class C Interest. An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

Class C Interest. Each of the Class C-1, Class C-2, Class C-3 and Class C-4 Interests.

Class C Interest. Each of the Class C-1 and Class C-2 Interests.

Examples of Class C Interest in a sentence

• Payment of Class C Interest Distributable Amount from Reserve Account $0.00 8.

• Instead, the monthly interest due on the Class C Certificates will be 100% of the interest paid on the Class C Interest.

• If no Cross-Over Situation exists with respect to any Class of Interests, then principal amounts arising with respect to each such Mortgage Pool will be allocated: first to cause the Mortgage Pool's corresponding Class A and Class B to equal, respectively, 0.9% of the SP and 0.1% of the SP; and second to the Mortgage Pool's corresponding Class C Interest.

• The following table irrevocably sets forth the designation, Pass-Through Rate, Initial Certificate Principal Balance (or initial Uncertificated Principal Balance, in the case of the Class C Interest and the Class IO Interest) and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each class of Certificates and interests that represents ownership of one or more of the Regular Interests in REMIC III created hereunder.

• Payment of Class C Interest Distributable Amount from Reserve Account $ 0.00 8.

More Definitions of Class C Interest

Class C Interest. Each regular interest in a Lower Tier REMIC with the letter "C" in its class designation.

Class C Interest. An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing (i) a REMIC Regular Interest in REMIC 3 and (ii) the obligation to pay any Class IO Distribution Amount.

Class C Interest means, for any Tranche of Class C Notes for any Distribution Date, unless otherwise specified in the applicable Terms Document, the amount of interest accrued on the Outstanding Dollar Principal Amount of such Tranche, calculated at the Note Interest Rate and in accordance with the calculation basis specified in the Terms Document for such Tranche, for the Monthly Interest Accrual Period ending on such Distribution Date (or, if applicable, ending after such Distribution Date but prior to the next Distribution Date).

Class C Interest means the undivided Class C participation interest in the Joint Venture, which shall entitle the JV Partner holding such Class C interest to receive allocations and distributions from time to time as provided in this Agreement.

Class C Interest means the interest distributable in respect of the Class C Certificates as calculated in accordance with subsection 4.6(c) of the Agreement.

Class C Interest. An uncertificated interest in the Trust Fund held by the Trustee on behalf of the holders of the Class C Certificate and representing the right to distributions as set forth herein and evidencing (i) a regular interest in REMIC II for purposes of the REMIC Provisions and (ii) the obligation to pay Net WAC Rate Carryover Amounts.

Class C Interest means a fractional undivided interest in the ---------------- Trust which shall consist of the right to receive, to the extent necessary to make the required payments to a Class C Interest Holder under this Supplement and under the Class C Supplemental Agreement, the portion of Collections allocable thereto under the Agreement and this Supplement, funds on deposit in the Collection Account allocable thereto pursuant to the Agreement and this Supplement and, subject to the rights of the other Series 1998-1 Certificateholders with respect thereto, funds on deposit in the Cash Collateral Account and funds on deposit in the Class C Spread Account available pursuant to the Class C Supplemental Agreement.