Class S definition

Class S designation on the face thereof, substantially in the form of Exhibit A-5 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

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Class S and "Class I" shares; the Payd▇▇ & ▇ygel Limited Maturity Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; the Payd▇▇ & ▇ygel Short Duration Tax Exempt Bond Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; the Payd▇▇ & ▇ygel U.S. Treasury Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; the Payd▇▇ & ▇ygel Market Return Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; the Payd▇▇ & Rygel Growth & Income Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; the Payd▇▇ & ▇ygel Global Short Bond Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; the Payd▇▇ & ▇ygel Total Return Fund, which shall consist of three classes of shares designated as "Class R", "Class S" and "Class I" shares; the Payd▇▇ & ▇ygel International Equity Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; the Payd▇▇ & ▇ygel Global Balanced Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; the Payd▇▇ & ▇ygel European Growth & Income Fund, which shall consist of two classes of shares designated as

Class S shares. The shares of each Sub-Trust and classes thereof and any shares of any further Sub-Trusts and classes thereof that may from time to time be established and designated by the Trustees shall (unless the Trustees otherwise determine with respect to some further Sub-Trust or class a the time of establishing and designating the same) have the following relative rights and preferences:". The undersigned hereby certify that the Amendment set forth above has been duly adopted in accordance with the provisions of the Master Trust Agreement.

Examples of Class S in a sentence

• The Class S Certificates shall be issued, maintained and transferred in minimum percentage interests of 10% of such Class S Certificates and in integral multiples of 1% in excess thereof.

• For purposes of this Agreement, each Class of Certificates (other than the Class S and Class R Certificates) shall be deemed to be outstanding only to the extent its respective Certificate Balance or Notional Amount has not been reduced to zero.

• The Depositor hereby conveys all right, title and interest in and to any VRR Specific Grantor Trust Assets, any Class S Specific Grantor Trust Assets and any other property constituting the Grantor Trust to the Trustee, receipt of which is hereby acknowledged.

• The Certificate Administrator shall timely file or cause to be timely filed with the IRS Form 1041, Form 1099 or such other form as may be applicable and shall furnish or cause to be furnished to the Holders of the respective Classes of the Grantor Trust Certificates, their allocable share of income and expense with respect to the VRR Specific Grantor Trust Assets, the Class S Specific Grantor Trust Assets and proceeds thereof as such amounts are received or accrue, as applicable.

• The Company will not pay to the Dealer Manager any dealer manager fees in respect of the purchase of any Class S shares, Class D shares, Class I shares or DRIP Shares.

More Definitions of Class S

Class S on the face thereof, in the form of Exhibit A-26 hereto, and evidencing an undivided beneficial interest in the portion of the Grantor Trust consisting of the Excess Interest, the Excess Interest Distribution Account and the proceeds thereof.

Class S. Class R-I," "Class R-II", "Class R-III" and "Class R-EA" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

Class S shares; Payden Global Short Bond Fund, which shall consist of two classes o▇ shares designated as "Class R" and "Class S" shares; Payden Global Fixed Income Fund, which shall consist of ▇▇▇ ▇lasses of shares designated as "Class R" and "Class S" shares; Payden Emerging Markets Bond Fund, which shall consist ▇▇ ▇▇▇ classes of shares designated as "Class R" and "Class S" shares; Payden Global Balanced Fund, which shall consist of two ▇▇▇▇▇es of shares designated as "Class R" and "Class S" shares; and EurOpportunity Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares. The shares of each Sub-Trust and classes thereof and any shares of any further Sub-Trusts and classes thereof that may from time to time be established and designated by the Trustees shall (unless the Trustees otherwise determine with respect to some further Sub-Trust or class a the time of establishing and designating the same) have the following relative rights and preferences:". The undersigned hereby certify that the Amendment set forth above has been duly adopted in accordance with the provisions of the Master Trust Agreement.

Class S designation on the face thereof, substantially in the form of Exhibit A-27 attached hereto, and evidencing a "regular interest" in REMIC II for purposes of the REMIC Provisions.

Class S designation on the face thereof, executed by the Issuer and authenticated by the Indenture Trustee substantially in the form of Exhibit A-3 attached to the Indenture.

Class S shares; Payden Global Fixed Income Fund, which shall consist of two classes of shares designated as "Class R" and "Class S" shares; and Payden Emerging Markets Bond Fund, which shall consist ▇▇ ▇▇▇ classes of shares designated as "Class R" and "Class S" shares. The shares of each Sub-Trust and classes thereof and any shares of any further Sub-Trusts and classes thereof that may from time to time be established and designated by the Trustees shall (unless the Trustees otherwise determine with respect to some further Sub-Trust or class a the time of establishing and designating the same) have the following relative rights and preferences:". The undersigned hereby certify that the Amendment set forth above has been duly adopted in accordance with the provisions of the Master Trust Agreement.

Class S shares; Payden Core Bond Fund, which shall consist of two class▇▇ ▇▇ shares designated as "Class R" and "Class S" shares; Payden