Class R-2 Certificates definition

Class R-2 Certificates. Following the division of the Class R Certificates into two separately transferable, certificated and fully registered certificates in accordance with Section 9(b) hereof, the Class R-2 Certificates, which will represent the Pooling REMIC Residual Interest.
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Class R-2 Certificates. All Certificates bearing the class designation of "Class R-2."
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Class R-2 Certificates. The Certificates designated as "Class R-2" on the face thereof in substantially the form attached hereto as Exhibit B, which have been designated as the single class of "residual interest" in REMIC II pursuant to Section 2.05.
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Examples of Class R-2 Certificates in a sentence

  • Notwithstanding anything to the contrary contained herein, the Company is hereby authorized to retain from amounts otherwise distributable to the Holders of the Class R-2 Certificates on any Distribution Date sufficient funds to reimburse the Company for the payment of such tax (to the extent that the Company has not been previously reimbursed therefor).

  • A trust ("REMIC II") of which the Trustee is the trustee is hereby created under the laws of the State of New York for the benefit of the Holders of the REMIC II Regular Interests and the Class R-2 Certificates.

  • The purpose of REMIC II is to hold the REMIC II Trust Fund and provide for the issuance, execution and delivery of the REMIC II Regular Interests and the Class R-2 Certificates.

  • Pooling-Tier REMIC-1 shall also issue the Class R-2 Certificates.

  • The Class R-2 Certificates shall have a $100 Class Certificate Balance and shall have no interest rate.

  • The Class R-2 Certificates are hereby designated as the sole class of residual interest in Pooling-Tier REMIC-1.

  • All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC II Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the Class R-1 and Class R-2 Certificates).

  • The Class R-2 Certificates represent ownership of the sole class of residual interest in Pooling-Tier REMIC-1 for purposes of the REMIC Provisions.

  • 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 REMIC II Regular Interests and the Class R-2 Certificates issued pursuant to this Agreement.

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More Definitions of Class R-2 Certificates

Class R-2 Certificates. That certificate representing certain residual rights to distribution from the REMIC II in substantially the form set forth as Exhibit A hereto.
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Class R-2 Certificates. All Certificates bearing the class designation of "Class R-2", evidencing ownership of the Class R-III Interest, Class R-IV Interest, Class R-V Interest and teh Class R-VI Interest.
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Class R-2 Certificates. All Certificates bearing the designation of "Class R-2" and representing the Residual Interest in REMIC II.
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Class R-2 Certificates. The Certificates designated as "Class R-2" on the face thereof in substantially the form attached hereto as Exhibit B-2, which have been designated as the single class of "residual interest" in the First Level Certificate Trust Fund pursuant to Section 2.05. Except as otherwise described herein, the Class R-2 Certificates, all of which are related to the Mortgage Loans in Loan Group I, shall be entitled to receive distributions related solely to such Mortgage Loans.
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Related to Class R-2 Certificates

  • 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 B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • 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.

  • Class R Certificates All Certificates bearing the class designation of "Class R".

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

  • Class A-2 Certificates All Certificates bearing the class designation of "Class A-2".

  • Class A-1 Certificates All Certificates bearing the class designation of "Class A-1".

  • Class B-3 Certificates All Certificates bearing the class designation of "Class B-3".

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Class M Certificates Any of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5 and Class M-6 Certificates.

  • Class B-4 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-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • Class B-5 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-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Class A-3 Certificates All Certificates bearing the class designation of "Class A-3".

  • Class B-2 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-2 and Exhibit C hereto. Class B-2 Certificateholder: The registered holder of a Class B-2 Certificate.

  • Class B-6 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-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • 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.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Class A-2 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-2 hereto.