Class S Certificate definition
Class S 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-18 hereto and evidencing an undivided beneficial interest in the Class S Specific Grantor Trust Assets. The Class S Certificates have no Pass-Through Rate, Certificate Balance or Notional Amount.
Class S Certificate means any of the Certificates with a "Class S" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.
Class S Certificate. A Certificate designated as “Class S” on the face thereof in the form of Exhibit A-3 hereto, and evidencing undivided beneficial ownership of the Class S Specific Grantor Trust Assets.
Examples of Class S Certificate in a sentence
The Certificate Administrator is hereby directed to assume that the Grantor Trust is not a WHFIT until it has actual knowledge, or has received further notice from the Depositor, that any portion of the Combined VRR Interest or a Class S Certificate is held by a “middleman”.
More Definitions of Class S Certificate
Class S 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-19 hereto and evidencing an undivided beneficial interest in the Class S Specific Grantor Trust Assets; provided that the Class S Certificate will not be issued unless the Trust Fund includes ARD Mortgage Loans on the Closing Date. If issued, the Class S Certificates have no Pass-Through Rate, Certificate Balance or Notional Amount. Because the Trust Fund will not include ARD Mortgage Loans as of the Closing Date, there will be no Class S Specific Grantor Trust Assets and the Class S Certificates will not be issued. Accordingly, all references in this Agreement to “Class S Certificate” and “Class S Certificates” shall be disregarded.
Class S Certificate. Any one of the Class [S] Certificates, executed by the Trustee and authenticated by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-1 and evidencing an interest designated as a "regular interest" in the REMIC for purposes of the REMIC Provisions.
Class S Certificate. Any Certificate designated as a "Class S Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein. For federal income tax purposes, the Class S Certificates represent the nine UTS Components each of which is a "regular interest" in the Upper Tier REMIC.
Class S Certificate. Any Certificate designated as a "Class S Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.
Class S Certificate. Any of the Class I S or Class II S Certificates.
Class S Certificate. Any one of the Class S Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-9 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.
Class S Certificate. A Certificate designated as "Class S" on the face thereof, in the form of Exhibit A-18 hereto.