Class R-3 Certificates definition

Class R-3 Certificates. The Certificates designated as "Class R-3" on the face thereof in substantially the form attached hereto as Exhibit A, which have been designated as the single class of "residual interest" in REMIC III pursuant to Section 2.07.
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Class R-3 Certificates. All Certificates bearing the class designation of "Class R-3."
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Class R-3 Certificates. Following the division of the Class R ---------------------- Certificates into three separately transferable, certificated and fully registered certificates in accordance with Section 14(b) hereof, the Class R-3 Certificates, which will represent the Pooling REMIC Residual Interest.
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Examples of Class R-3 Certificates in a sentence

  • The Class R-3 Certificates will represent the sole class of Residual Interests in REMIC III for purposes of the REMIC Provisions.

  • 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-3 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).

  • The Class R-3 Certificates represent ownership of the sole class of residual interest in the Class X REMIC.

  • The Class R-1 Certificates, Class R-2 Certificates and Class R-3 Certificates.

  • The Class R1, Class R2 and Class R3 Certificates will be issued in percentage interests of 99.99% and 0.01%.

  • The REMIC III Regular Interests will constitute the regular interests in REMIC III and the Class R3 Certificates will constitute the residual interest in REMIC III.

  • The Class R1, Class R2 and Class R3 Certificates are Residual Certificates subject to Section 5.05(c) of the Standard Terms.

  • On the Startup Day, all the Classes of REMIC III Regular Certificates will be designated "regular interests" in such REMIC and the Class R-3 Certificates will be designated the "residual interests" in such REMIC.

  • In addition, one Certificate of each Class (other than Class R1, Class R2 and Class R3 Certificates) may be issued evidencing the sum of an authorized denomination thereof and the remainder of the aggregate initial Certificate Balance (or, in the case of the Class X Certificates, the Notional Amount) of such Class.

  • Dated: January __, 2002 CITIBANK, N.A., as Trust Administrator By:______________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION ----------------------------- This is one of the Class R-3 Certificates referred to in the within-mentioned Agreement.


More Definitions of Class R-3 Certificates

Class R-3 Certificates. That certificate representing certain residual rights to distribution from the REMIC III in substantially the form set forth as Exhibit A hereto.
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Related to Class R-3 Certificates

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

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

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

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

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

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

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

  • Group 2 Certificates As specified in the Preliminary Statement.

  • 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.

  • Group 3 Certificates As specified in the Preliminary Statement.

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

  • Class B-3 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-3 and Exhibit C hereto. Class B-3 Certificateholder: The registered holder of a Class B-3 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 B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Class A-4 Certificates All Certificates bearing the class designation of "Class A-4".

  • 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-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 1 Certificates As specified in the Preliminary Statement.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • 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 A-3 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-3 hereto.