Class R-7 Interest definition

Class R-7 Interest. The uncertificated Residual Interest in REMIC 7.
Sample 1Sample 2Sample 3

Examples of Class R-7 Interest in a sentence

  • We utilize the excess value measure introduced by Berger and Ofek (1995).10 We define EXVALUEi,t as the natural log of the ratio of the firm’s total value to imputed value.EXVALUEi,t = ln CAPITALi,t CAPITALimputed  (2) i,t  where CAPITALi,t is the sum of common equity, preferred stock, plus the book value of debt i,t for firm i in year t, and CAPITALimputed is the product of the firm’s SALES and the firm’s primary industry-median ratio of CAPITAL to SALES.

  • The Class C Certificates will represent ownership of "regular interests" in REMIC 7 and will generally be treated as debt instruments of REMIC 7 and the Class R-7 Interest will constitute the sole class of "residual interests" in REMIC 7.

  • The Class R-X Certificates will evidence ownership of the Class R-3 Interest, Class R-4 Interest, Class R-5 Interest, Class R-6 Interest, Class R-7 Interest and Class R-8 Interest.

  • Any portion of the Available Funds remaining in REMIC 5, REMIC 6 or REMIC 7 on a Distribution Date shall be distributed to the Class R-Q Certificates in respect of the Class R-5 Interest, Class R-6 Interest and Class R-7 Interest, respectively.

Related to Class R-7 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-IV Interest The uncertificated Residual Interest in REMIC IV.

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

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

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

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

  • 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 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 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 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.

  • Lower Tier Interest As described in the Preliminary Statement.

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

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

  • 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.