Class EC Regular Interests definition

Class EC Regular Interests. The Class A-S, Class B and Class C Regular Interests.
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Examples of Class EC Regular Interests in a sentence

  • The “latest possible maturity date” for purposes of Code Section 860G(a)(1) of the Lower-Tier Regular Interests, the Regular Certificates and the Class EC Regular Interests is the Rated Final Distribution Date.

  • The Trustee (i) acknowledges the assignment to it of the Class EC Regular Interests and (ii) declares that it holds and will hold the Class EC Regular Interests in trust for the exclusive use and benefit of all present and future Holders of the Exchangeable Certificates.

  • The Certificate Administrator shall execute and cause the Authenticating Agent to authenticate and deliver to or upon the order of the Depositor, in exchange for the Class EC Regular Interests, the Exchangeable Certificates in authorized Denominations.

  • The Exchangeable Certificates and the Class EC Certificates will, at all times, represent undivided beneficial ownership interests in a grantor trust that will hold such Class EC Regular Interests.

  • The Exchangeable Certificates will, at all times, represent undivided beneficial ownership interests in a grantor trust that will hold such Class [EC] Regular Interests.

  • Thereafter, until distributed to the Certificateholders and the Holders of the Class EC Regular Interests, such amounts shall be considered to be held in the REMIC II Distribution Account.

  • The Class EC Regular Interests shall be held by the Trustee on behalf of the Trustee.

  • The Master Servicer shall establish and maintain one or more accounts (collectively, the “Certificate Account”), held on behalf of the Trustee in trust for the benefit of the Certificateholders [and the Trustee as the holder of the Class EC Regular Interests].

  • If a REO Acquisition shall occur, except as provided in the immediately succeeding sentence, the Special Servicer shall establish and maintain one or more Pool REO Accounts, to be held on behalf of the Trustee in trust for the benefit of the Certificateholders [and the Trustee as the holder of the Class EC Regular Interests], for the retention of revenues and other proceeds derived from each REO Property.

  • The Exchangeable Certificates will, at all times, represent undivided beneficial ownership interests in a grantor trust that will hold such Class EC Regular Interests.