{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "uncertificated-interest", "type": "clause", "offset": [3, 26]}, {"key": "the-trust-fund", "type": "clause", "offset": [30, 44]}, {"key": "by-the-trustee", "type": "clause", "offset": [50, 64]}, {"key": "on-behalf-of", "type": "clause", "offset": [65, 77]}, {"key": "holders-of", "type": "clause", "offset": [82, 92]}, {"key": "class-c-certificates", "type": "definition", "offset": [97, 117]}, {"key": "regular-interest", "type": "definition", "offset": [132, 148]}, {"key": "remic-3", "type": "definition", "offset": [152, 159]}, {"key": "remic-provisions", "type": "clause", "offset": [180, 196]}], "size": 197, "snippet": "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.", "samples": [{"hash": "llcHar9Pogd", "uri": "/contracts/llcHar9Pogd#class-c-interest", "label": "Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ffh3)", "score": 21.0, "published": true}, {"hash": "fbyESGikQU2", "uri": "/contracts/fbyESGikQU2#class-c-interest", "label": "Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ffh3)", "score": 21.0, "published": true}, {"hash": "eGgv2WE1SD5", "uri": "/contracts/eGgv2WE1SD5#class-c-interest", "label": "Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-Ns1)", "score": 21.0, "published": true}], "hash": "35eff4ad30d727ad8d72f1948d81e977", "id": 1}, {"snippet_links": [{"key": "the-class", "type": "definition", "offset": [8, 17]}], "size": 61, "snippet": "Each of the Class C-1 and Class C-2 Interests.", "samples": [{"hash": "hnfmRa2af2Y", "uri": "/contracts/hnfmRa2af2Y#class-c-interest", "label": "Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar)", "score": 21.0, "published": true}, {"hash": "gjUnHJw7th9", "uri": "/contracts/gjUnHJw7th9#class-c-interest", "label": "Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)", "score": 21.0, "published": true}, {"hash": "ggkLW47rz7N", "uri": "/contracts/ggkLW47rz7N#class-c-interest", "label": "Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-13)", "score": 21.0, "published": true}], "hash": "b855968b3754e60bab3301ddd64e1104", "id": 2}, {"snippet_links": [{"key": "regular-interest", "type": "definition", "offset": [5, 21]}, {"key": "tier-remic", "type": "definition", "offset": [33, 43]}, {"key": "class-designation", "type": "definition", "offset": [71, 88]}], "size": 15, "snippet": "Each regular interest in a Lower Tier REMIC with the letter \"C\" in its class designation.", "samples": [{"hash": "jyCdWpOkvTk", "uri": "/contracts/jyCdWpOkvTk#class-c-interest", "label": "Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2007-S1)", "score": 19.0, "published": true}, {"hash": "i2BTIJPajU5", "uri": "/contracts/i2BTIJPajU5#class-c-interest", "label": "Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2005-S2)", "score": 19.0, "published": true}, {"hash": "gYcmnt5JVkS", "uri": "/contracts/gYcmnt5JVkS#class-c-interest", "label": "Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2007-S2)", "score": 19.0, "published": true}], "hash": "f5f6d0cfea13488d8b0bd2fcbbb2456a", "id": 3}, {"snippet_links": [{"key": "the-class", "type": "definition", "offset": [8, 17]}, {"key": "class-c-5", "type": "definition", "offset": [59, 68]}], "size": 11, "snippet": "Each of the Class C-1, Class C-2, Class C-3, Class C-4 and Class C-5 Interests.", "samples": [{"hash": "ffZsfqvlFoP", "uri": "/contracts/ffZsfqvlFoP#class-c-interest", "label": "Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar31)", "score": 18.0, "published": true}, {"hash": "cBTnr5cRFd4", "uri": "/contracts/cBTnr5cRFd4#class-c-interest", "label": "Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar13)", "score": 18.0, "published": true}, {"hash": "bP3pSd3BWjw", "uri": "/contracts/bP3pSd3BWjw#class-c-interest", "label": "Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar3)", "score": 18.0, "published": true}], "hash": "c719656db6f96cd81382c286e3129c76", "id": 4}, {"snippet_links": [{"key": "interest-in-the-company", "type": "definition", "offset": [9, 32]}, {"key": "such-rights", "type": "definition", "offset": [75, 86]}, {"key": "obligations-of", "type": "clause", "offset": [104, 118]}, {"key": "class-c-interests", "type": "clause", "offset": [119, 136]}, {"key": "as-specified", "type": "clause", "offset": [137, 149]}, {"key": "in-this-agreement", "type": "definition", "offset": [150, 167]}, {"key": "owned-by", "type": "definition", "offset": [191, 199]}, {"key": "interest-holders", "type": "definition", "offset": [200, 216]}, {"key": "schedule-a", "type": "clause", "offset": [233, 243]}, {"key": "as-amended", "type": "definition", "offset": [252, 262]}, {"key": "from-time-to-time", "type": "clause", "offset": [263, 280]}], "size": 8, "snippet": "means an Interest in the Company designated as Class C Interest and having such rights, preferences and obligations of Class C Interests as specified in this Agreement. Class C Interests are owned by Interest Holders as set forth on Schedule A hereto, as amended from time to time.", "samples": [{"hash": "2hLCg1qyiVc", "uri": "/contracts/2hLCg1qyiVc#class-c-interest", "label": "Operating Agreement", "score": 29.8208141327, "published": true}, {"hash": "9o1Akqjh91O", "uri": "/contracts/9o1Akqjh91O#class-c-interest", "label": "Operating Agreement", "score": 23.5817928314, "published": true}], "hash": "7a5be333db680f72fad7f537ddaac886", "id": 5}, {"snippet_links": [{"key": "the-interest", "type": "definition", "offset": [6, 18]}, {"key": "in-respect-of", "type": "definition", "offset": [33, 46]}, {"key": "class-c-certificates", "type": "definition", "offset": [51, 71]}, {"key": "in-accordance-with", "type": "definition", "offset": [86, 104]}, {"key": "the-agreement", "type": "clause", "offset": [126, 139]}], "size": 7, "snippet": "means the interest distributable in respect of the Class C Certificates as calculated in accordance with subsection 4.6(c) of the Agreement.", "samples": [{"hash": "gGdk5QEAxtW", "uri": "/contracts/gGdk5QEAxtW#class-c-interest", "label": "Pooling and Servicing Agreement (Metris Receivables Inc)", "score": 18.0, "published": true}, {"hash": "dw95sh1A4NI", "uri": "/contracts/dw95sh1A4NI#class-c-interest", "label": "Pooling and Servicing Agreement (Metris Receivables Inc)", "score": 18.0, "published": true}, {"hash": "aMDSZhNOU8N", "uri": "/contracts/aMDSZhNOU8N#class-c-interest", "label": "Series Supplement (Metris Companies Inc)", "score": 18.0, "published": true}], "hash": "ef015ec906287d85aef187734829ee73", "id": 6}, {"snippet_links": [{"key": "participation-interest", "type": "definition", "offset": [28, 50]}, {"key": "the-joint-venture", "type": "definition", "offset": [54, 71]}, {"key": "jv-partner", "type": "definition", "offset": [97, 107]}, {"key": "to-receive", "type": "definition", "offset": [138, 148]}, {"key": "allocations-and-distributions", "type": "clause", "offset": [149, 178]}, {"key": "from-time-to-time", "type": "clause", "offset": [179, 196]}, {"key": "in-this-agreement", "type": "definition", "offset": [209, 226]}], "size": 6, "snippet": "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.", "samples": [{"hash": "c3frHaMlpa1", "uri": "/contracts/c3frHaMlpa1#class-c-interest", "label": "Joint Venture Agreement (Clorox Co /De/)", "score": 27.7460651398, "published": true}, {"hash": "7b0XO3ZBYPL", "uri": "/contracts/7b0XO3ZBYPL#class-c-interest", "label": "Joint Venture Agreement (Clorox Co /De/)", "score": 27.6228618622, "published": true}, {"hash": "hiDdQk4Bxp3", "uri": "/contracts/hiDdQk4Bxp3#class-c-interest", "label": "Joint Venture Agreement (Clorox Co /De/)", "score": 21.0, "published": true}], "hash": "4c77fc3fa86cd23d73afed90a5432ba4", "id": 7}, {"snippet_links": [{"key": "class-c-notes", "type": "definition", "offset": [26, 39]}, {"key": "distribution-date", "type": "clause", "offset": [48, 65]}, {"key": "unless-otherwise-specified-in", "type": "clause", "offset": [67, 96]}, {"key": "terms-document", "type": "clause", "offset": [112, 126]}, {"key": "interest-accrued", "type": "definition", "offset": [142, 158]}, {"key": "outstanding-dollar-principal-amount", "type": "definition", "offset": [166, 201]}, {"key": "note-interest-rate", "type": "clause", "offset": [237, 255]}, {"key": "in-accordance-with", "type": "definition", "offset": [260, 278]}, {"key": "calculation-basis", "type": "clause", "offset": [283, 300]}, {"key": "the-terms", "type": "clause", "offset": [314, 323]}, {"key": "period-ending", "type": "definition", "offset": [384, 397]}, {"key": "if-applicable", "type": "definition", "offset": [429, 442]}, {"key": "prior-to-the", "type": "clause", "offset": [484, 496]}], "size": 5, "snippet": "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).", "samples": [{"hash": "he58XaaR7oF", "uri": "/contracts/he58XaaR7oF#class-c-interest", "label": "Third Amended and Restated Indenture Supplement (Discover Card Master Trust I)", "score": 36.3812446594, "published": true}, {"hash": "iSFC9aT1qpV", "uri": "/contracts/iSFC9aT1qpV#class-c-interest", "label": "Indenture Supplement (Discover Card Master Trust I)", "score": 26.9739894867, "published": true}, {"hash": "er9WxZdzK6a", "uri": "/contracts/er9WxZdzK6a#class-c-interest", "label": "Indenture Supplement (Discover Card Master Trust I)", "score": 26.6892547607, "published": true}], "hash": "c2ff644343ef5b5b3ebf887b92617316", "id": 8}, {"snippet_links": [{"key": "the-class-i", "type": "clause", "offset": [7, 18]}, {"key": "class-ii", "type": "definition", "offset": [33, 41]}], "size": 5, "snippet": "Any of the Class I-C Interest or Class II-C Interest.", "samples": [{"hash": "4zEAsTuGO3h", "uri": "/contracts/4zEAsTuGO3h#class-c-interest", "label": "Pooling and Servicing Agreement (SACO I Trust 2006-5)", "score": 21.0, "published": true}, {"hash": "2EsYjLqfoH6", "uri": "/contracts/2EsYjLqfoH6#class-c-interest", "label": "Pooling and Servicing Agreement (SACO I Trust 2006-5)", "score": 21.0, "published": true}, {"hash": "hvhVsTi76xf", "uri": "/contracts/hvhVsTi76xf#class-c-interest", "label": "Pooling and Servicing Agreement", "score": 19.0, "published": true}], "hash": "f0e140df9bcba59436728bbb30f9a97f", "id": 9}, {"snippet_links": [{"key": "fractional-undivided-interest", "type": "definition", "offset": [8, 37]}, {"key": "consist-of", "type": "clause", "offset": [80, 90]}, {"key": "right-to-receive", "type": "clause", "offset": [95, 111]}, {"key": "to-the-extent", "type": "clause", "offset": [113, 126]}, {"key": "payments-to", "type": "clause", "offset": [158, 169]}, {"key": "class-c-interest-holder", "type": "definition", "offset": [172, 195]}, {"key": "class-c-supplemental-agreement", "type": "definition", "offset": [232, 262]}, {"key": "funds-on-deposit", "type": "definition", "offset": [350, 366]}, {"key": "the-collection-account", "type": "clause", "offset": [370, 392]}, {"key": "pursuant-to-the-agreement", "type": "clause", "offset": [411, 436]}, {"key": "rights-of-the", "type": "clause", "offset": [477, 490]}, {"key": "other-series", "type": "clause", "offset": [491, 503]}, {"key": "the-cash-collateral-account", "type": "clause", "offset": [572, 599]}, {"key": "class-c-spread-account", "type": "definition", "offset": [628, 650]}, {"key": "to-the-class", "type": "clause", "offset": [670, 682]}], "size": 5, "snippet": "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.", "samples": [{"hash": "EmIwFQeE2W", "uri": "/contracts/EmIwFQeE2W#class-c-interest", "label": "Pooling and Servicing Agreement (Capital One Master Trust)", "score": 18.0, "published": true}, {"hash": "6sJdcUm9MuX", "uri": "/contracts/6sJdcUm9MuX#class-c-interest", "label": "Pooling and Servicing Agreement (Capital One Financial Corp)", "score": 18.0, "published": true}], "hash": "4e726a0ff95ae33ec45338a43a7f23e9", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIZY2xhc3MtYy1pbnRlcmVzdCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Class C Interest", "size": 387, "snippet": "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.", "id": "class-c-interest", "examples": ["For federal income tax purposes, the pass-through rate on each REMIC Regular Interest (other than the Uncertificated <strong>Class C Interest</strong> and the Class UT-IO Interest) and on the sole class of residual interest in the Upper Tier REMIC shall be subject to a cap equal to the Upper Tier REMIC Net WAC Cap.", "For purposes of calculating the amount of the Monthly Interest Distributable Amount for the Class C Certificates for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls allocated to the <strong>Class C Interest</strong> pursuant to the paragraph above shall be allocated among the Class C Certificates on a pro rata basis based on one month\u2019s interest.", "Any Realized Losses that reduce the distributions in respect of and/or the Uncertificated Principal Balance of the <strong>Class C Interest</strong>, shall be allocated by the Trustee to reduce the distributions in respect of and/or the Certificate Principal Balance of the Class C Certificates.", "For federal income tax purposes, the pass-through rate on each REMIC Regular Interest (other than the Uncertificated <strong>Class C Interest</strong>) and on the sole class of residual interest in the Upper Tier REMIC shall be subject to a cap equal to the Net Rate.", "Instead, the monthly interest due on the Class C Certificates will be 100% of the interest paid on the <strong>Class C Interest</strong>.", "If (and to the extent that) the limitation in paragraph (c) prevents the distribution of principal to the Class A and Class B Interests of a Mortgage Pool, and if the Mortgage Pool\u2019s <strong>Class C Interest</strong> has already been reduced to zero, then the excess principal from that Mortgage Pool will be paid to the <strong>Class C Interests</strong> of the other Mortgage Pools, the aggregate Class A and Class B Interests of which are less than one percent of the Pool Subordinated Amount.", "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&#x27;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&#x27;s corresponding <strong>Class C Interest</strong>.", "The Issuer shall pay interest on overdue installments of interest at the <strong>Class C Interest</strong> Rate to the extent lawful.", "The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the Regular Certificates (other than the Class C Certificates), the <strong>Class C Interest</strong>, the Class IO Interest and the Class R-3 Certificates.", "The Trustee acknowledges receipt of the <strong>Class C Interest</strong> (which is uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Class C Certificates and Class RX Certificates (in respect of the Class R-4 Interest)."], "related": [["l-c-interest", "L/C Interest", "L/C Interest"], ["class-a-interest", "Class A Interest", "Class A Interest"], ["class-p-interest", "Class P Interest", "Class P Interest"], ["class-b-interest", "Class B Interest", "Class B Interest"], ["class-x-interest", "Class X Interest", "Class X Interest"]], "related_snippets": [], "updated": "2026-03-22T04:42:52+00:00"}, "json": true, "cursor": ""}}