Class R-2B Interest definition

Class R-2B Interest. The sole residual interest in REMIC IIB.
Sample 1Sample 2Sample 3
Class R-2B Interest. The uncertificated residual interest in REMIC II-B. Class II-A-1 Certificates: All Certificates bearing the class designation of “Class II-A” and evidencing (i) a REMIC Regular Interest in REMIC II-B and (ii) the right to receive the related Basis Risk Carry Forward Amounts.
Sample 1

Examples of Class R-2B Interest in a sentence

  • The Upper Tier REMIC shall hold as its assets the several Classes of uncertificated Lower Tier Interests in REMIC IIB, other than the Class R-2B Interest, and each such Lower Tier Interest is hereby designated as a regular interest in REMIC IIB for purposes of the REMIC Provisions.

  • Each such REMIC IIB Interest, other than the Class R-2B Interest, is hereby designated as a regular interest in REMIC IIB.

  • In addition, the Class R-2A Interest is hereby designated as the sole residual interest in REMIC IIA, the Class R-2B Interest is hereby designated as the sole residual interest in REMIC IIB, and the Class R Certificate evidences ownership of the Class R-2A and Class R-2B Interests, and is also hereby designated as the sole residual interest in REMIC III.

  • The Securities Administrator shall not permit the creation of any “interests” (within the meaning of Section 860G of the Code) in any REMIC created hereunder other than the REMIC 1-A Regular Interests, the REMIC 2-A Regular Interests, the Group I Certificates, the Group II Certificates, the Class CB Certificates, the Group III Certificates, the Class R-1A Interest, the Class R-1B Interest, the Class R-2A Interest and the Class R-2B Interest.

  • The Class R-2B Interest will represent the sole Class of “residual interests” in REMIC 2B for purposes of the REMIC Provisions.

  • The Upper Tier REMIC shall hold as its assets the several Classes of uncertificated Lower Tier Interests in REMIC IIB, other than the Class R-2B Interest, and each such Lower Tier Interest is hereby designated as a regular interest in REMIC IIB.

  • REMIC 2-B shall be terminated on the earlier of the Final Distribution Date and the date on which it is deemed to receive the last deemed distributions on the REMIC 2-A Regular Interests and the last distribution due on the Group III Certificates and the Class R Certificates (in respect of the Class R-2B Interest).

Related to Class R-2B Interest

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • Class R-5 Interest The uncertificated Residual Interest in REMIC 5.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Class R-2 Interest The uncertificated Residual Interest in REMIC 2.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Class R-III Certificate Any one of the Class R-III 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 III for purposes of the REMIC Provisions.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class C Interest 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.

  • 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 CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III 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.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III 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.