Examples of Class R-1 Certificates in a sentence
The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein).
The Class R-1 Certificates will represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein).
The Trustee hereby accepts the Trust created hereby and accepts delivery of the Trust Fund on behalf of the Trust and acknowledges that it holds the Mortgage Loans for the benefit of the Holders of the REMIC I Regular Interests and the Class R-1 Certificates issued pursuant to this Agreement.
The Trustee hereby accepts REMIC II created hereby and accepts delivery of the REMIC II Trust Fund on behalf of REMIC II and acknowledges that it holds the REMIC I Regular Interests for the benefit of the Holders of the Certificates (other than the Class R-1 Certificates) issued pursuant to this Agreement.
Any replacement Certificate issued pursuant to this Section 5.04 shall constitute complete and indefeasible evidence of ownership in the REMIC II Trust Fund (or with respect to the Class R-1 Certificates, the residual ownership interests in the REMIC I Trust Fund) as if originally issued, whether or not the lost or stolen Certificate shall be found at any time.
All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the Class R-1 Certificates).
The Class R-1 Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein).
The operator shall have a system to obtain details of all obstacle data along the flight path and calculate the take-off, en-route and landing performance taking into account such obstacle data.
On the Closing Date, the Company will acquire the REMIC I Regular Interests and the Class R-1 Certificates from the REMIC I Trust Fund as consideration for its transfer to the Trust Fund of the PNC Mortgage Loans and certain other assets and the deposit into the Certificate Account of the Clipper Mortgage Loan Purchase Amount and will be the owner of the REMIC I Regular Interests and the Class R-1 Certificates.
In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II Trust Fund, the Certificates (other than the Class R-1 Certificates) in Authorized Denominations evidencing the entire ownership of the REMIC II Trust Fund.