Class R-1 Certificate definition

Class R-1 Certificate. Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.
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Class R-1 Certificate. Any Certificate designated as such and executed and authenticated by the Trustee substantially in the form set forth in Exhibit B-1 hereto.
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Class R-1 Certificate means any Class R-1 Certificate executed by the Owner Trustee and authenticated by the Indenture Trustee substantially in the form of Exhibit B-3 of the Trust Agreement.
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Examples of Class R-1 Certificate in a sentence

  • Cash of $50 will be deposited into REMIC I and shall be paid out on the first Distribution Date to the Class R-1 Certificate.

  • Any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentation and surrender of this Class R-1 Certificate at the Corporate Trust Office.

  • The Holder of the Class R-1 Certificate is hereby designated as the "Tax Matters Person" (within the meaning of Treas.

  • It is expected that there will not be any distributions on the Class R-1 Certificate.

  • This Class R-1 Certificate is not entitled to distributions in respect of interest.

  • Any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentment and surrender of this Class R-1 Certificate at the offices designated by the Trustee for such purposes.

  • The Class R-1 Certificate represents ownership of the sole class of residual interest in REMIC II.

  • It is expected that there shall not be any distributions on the Class R-1 Certificate.

  • By its acceptance of a Class R-1 Certificate, each Holder thereof shall have agreed to such appointment and shall have consented to the appointment of the Trust Administrator as its agent to act on behalf of Subsidiary REMIC 1 pursuant to the specific duties outlined herein.

  • On the Startup Day, the REMIC I Regular Interests will be designated "regular interests" in such REMIC and the Class R-1 Certificate will be designated the "residual interest" in such REMIC.


More Definitions of Class R-1 Certificate

Class R-1 Certificate. A Certificate denominated as a Class R-1 Certificate.
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Class R-1 Certificate. The Class R-1 Certificate executed by the Securities Administrator on behalf of the Trust, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit C-3 and evidencing the ownership of the Residual Interest in REMIC 1.
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Class R-1 Certificate. The Class R-1 Certificate executed by the Securities Administrator on behalf of the Trust, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit C-3 and representing the sole Class of Residual Interest in the Class CE REMIC.
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Class R-1 Certificate. Any Certificate designated as a "Class R-1 Certificate" on the face thereof, in the form of Exhibit A-6 hereto. Class R-1 Certificateholder: A Holder of a Class R-1 Certificate. Class R-1 Notional Balance: Initially, $288,156,229, and for each Distribution Date subsequent to the first Distribution Date, the Current Pool Principal Balance.
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Class R-1 Certificate. Any Certificate designated a "Class R-1 Certificate" on the face thereof, in substantially the form set forth in Exhibit A-10 hereto, and evidencing ownership of the residual interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificate as set forth herein. CLASS M-2 YIELD MAINTENANCE AGREEMENT: ISDA Master Agreement (including the schedule thereto), dated as of the Closing Date, by and between Bear Stearns Financial Products, Inc. and the Trust, together with the Xxxxxxmation, Ref. No. FXBSABS3, dated the Closing Date, between Bear Stearns Financial Products, Inc. and the Trust, relating to maintxxxxxx of a minimum yield on the Class M-2 Certificates.
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Related to Class R-1 Certificate

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • Class R-II Certificate Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.

  • Class R-X Certificate Any one of the Class R-X Certificates executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-R-X and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.

  • Class B-1 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-1 and Exhibit C hereto. Class B-1 Certificateholder: The registered holder of a Class B-1 Certificate.