Class R-II Interest definition

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

Class R-II Interest. The “residual interest” (as defined in Code Section 860G(a)(2)) in REMIC II, the beneficial interest in which is represented by the Class R Certificates.

Class R-II Interest means the uncertificated interest designated as the "residual interest" in the Intermediate REMIC for purposes of the REMIC Provisions.

Examples of Class R-II Interest in a sentence

• The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee, without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests for the benefit of the Class R-II Interest and REMIC II (as holder of the REMIC I Regular Interests).

• The Trustee acknowledges receipt of the REMIC I Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit of all present and future Holders of the Class R-II Interest and REMIC II (as holder of the REMIC I Regular Interests).

• The REMIC II Regular Interests shall be designated as the Regular Interests in REMIC II and the Class R-II Interest shall be designated as the Residual Interest in REMIC II.

• The Class R Certificates evidence ownership in the Class R-I Interest and the Class R-II Interest.

• For the purposes of the REMIC election in respect of REMIC II, the REMIC II Regular Interests shall be designated as the Regular Interests in REMIC II and the Class R-II Interest shall be designated as the Residual Interest in REMIC II.

More Definitions of Class R-II Interest

Class R-II Interest. The sole class of "residual interests" in REMIC II.

Class R-II Interest. The residual interest in REMIC II. Closing Date: May 6, 2005.

Class R-II Interest. The uncertificated Residual Interest in REMIC II. Closing Date: July 30, 2004. Code: The Internal Revenue Code of 1986, including any successor or amendatory provisions.

Class R-II Interest. The uncertificated Residual Interest in REMIC II. CLOSING DATE: September 30, 2003. CO-TRUSTEE: BNY Western Trust Company, a California banking corporation, not in its individual capacity, but solely in its capacity as co-trustee for the benefit of the Certificateholders under this Agreement, and any successor thereto, and any corporation or national banking association resulting from or surviving any consolidation or merger to which it or its successors may be a party.

Class R-II Interest. The uncertificated Residual Interest in REMIC II. “Class R-III Interest”: The uncertificated Residual Interest in REMIC III. “Class R-IV Interest”: The uncertificated Residual Interest in REMIC IV. “Class R-V Interest”: The uncertificated Residual Interest in REMIC V. “Class R-VI Interest”: The uncertificated Residual Interest in REMIC VI.

Class R-II Interest. The uncertificated residual interest in REMIC II. “Class R-III Interest”: The uncertificated residual interest in REMIC III. “Closing Date”: April 15, 2007.

Class R-II Interest has no Class Principal Balance and no Pass-Through Rate. The Class R-II Interest is represented by the Class R2 Certificate. REMIC III --------- INITIAL CLASS PRINCIPAL BALANCE OR INITIAL PASS-THROUGH RATE CLASS DESIGNATION NOTIONAL BALANCE (PER ANNUM) ----------------- -------------------- ------------------------- PA-1 $105,701,000(1) 7.1257%(2) PA-2 $104,998,000(3) 7.1257%(2) PA-3 $104,428,000(4) 7.1257%(2) PA-4 $44,884,203(5) 7.1257%(2) PA-5 $50,722,824(6) 7.1257%(2) PA-6 $22,000,000(7) 7.1257%(2) P3N $432,734,027(9) 0%(9) P4N N/A(10) N/A(11) R-III N/A(12) N/A(12) -------------------