MACR Class definition

MACR Class. All of the MACR Certificates that together represent like proportionate beneficial ownership interests in, and are entitled to receive like proportionate amounts of the cash flow from, the same related Class or
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MACR Class. All of the MACR Certificates that together represent like proportionate beneficial ownership interests in, and are entitled to receive like proportionate amounts of the cash flow from, the same related Class or Classes of REMIC Certificates. All MACR Certificates issued in respect of a Series that have the same designation and the same CUSIP Number shall constitute a single MACR Class. As to each MACR Pool, the designations, maximum Original Principal Amounts, Class Coupons (if any) and other specific characteristics of each MACR Class shall be as provided in the related Terms Supplement. In the case of MACR Certificates of a MACR Class that are denominated by a notional principal amount, unless the context otherwise requires, references in Article VI, Article VII and Section 8.05 to (i) principal amount shall be regarded as references to such notional principal amount and (ii) specified percentages of outstanding principal amount shall be deemed to refer to such percentages of notional principal amount.
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MACR Class. All of the MACR Certificates that together represent like proportionate beneficial ownership interests in, and are entitled to receive like proportionate amounts of the cash flow from, the same related Class or Classes of REMIC Certificates. All MACR Certificates issued in respect of a Series that have the same designation and the same CUSIP Number shall constitute a single MACR Class. As to each MACR Pool, the designations, maximum Original Principal Amounts, Class Coupons (if any) and other specific characteristics of each MACR Class shall be as provided in the related Terms Supplement. In the case of MACR Certificates of a MACR Class that are denominated by a notional principal amount, unless the context otherwise requires, references in Articles VI, VII and VIII and Section 9.05 of this Agreement to (i) principal amount shall be regarded as references to such notional principal amount and
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Examples of MACR Class in a sentence

  • Each MACR Class shall represent beneficial ownership of a constant percentage of the interest payments and/or a constant percentage of the principal payments with respect to each related Regular Class.

  • The investors in a MACR Class shall be treated as beneficial owners of proportionate interests in the related REMIC Certificates, to the extent provided in this Agreement and the related Terms Supplement.

  • On any Payment Date when payments of principal are to be allocated from REMIC Certificates to MACR Certificates, such payments (or the net reduction in principal) shall be allocated from the applicable Class or Classes of REMIC Certificates to the related MACR Class or, if there are two or more related MACR Classes entitled to principal payments, to such Classes, pari passu, as their interests may appear.

  • The Administrator (or its agent) on behalf of the Trustee, shall furnish, at such times as required by applicable law, to each Holder of a MACR Class such information as the Administrator deems necessary or desirable to enable Holders and beneficial owners of MACR Classes to prepare their United States federal income tax returns, if applicable.

  • All MACR Certificates issued in respect of a Series that have the same designation and the same CUSIP Number shall constitute a single MACR Class.

  • Class: A REMIC Class, a MACR Class and/or any other class of securities issued under this Agreement, as the context requires; or, if the context so requires, a Call Class or Callable Class issued under a Pass-Through Agreement.

  • As to each MACR Pool, the designations, maximum Original Principal Amounts, Class Coupons (if any) and other specific characteristics of each MACR Class shall be as provided in the related Terms Supplement.

  • In the case of MACR Certificates of a MACR Class that are denominated by a notional principal amount, unless the context otherwise requires, references in Articles VI, VII and VIII and Section 9.05 of this Agreement to (i) principal amount shall be regarded as references to such notional principal amount and (ii) specified percentages of outstanding principal amount shall be deemed to refer to such percentages of notional principal amount.

  • Class: A REMIC Class, a MACR Class and/or any other class of securities issued under this Agreement, as the context requires; or, if the context so requires, a Call Class or Callable Class issued under an Underlying Trust Agreement.

  • The Administrator (or its agent) shall furnish, at such times as required by applicable law, to each Holder of a MACR Class such information as the Administrator deems necessary or desirable to enable Holders and beneficial owners of MACR Classes to prepare their United States federal income tax returns, if applicable.

Related to MACR Class

  • Senior Class means, with respect to the Class B Notes, the Class A Notes.

  • Junior Class of Certificates The Class of Subordinate Certificates outstanding as of the date of the repurchase of a Mortgage Loan pursuant to Section 4.07 herein that has the Lowest Priority.

  • New Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Senior Class Debt has the meaning assigned to such term in Section 8.09.

  • Corresponding Classes of Certificates With respect to each REMIC Regular Interest, any Class of Certificates appearing opposite such REMIC Regular Interest in Section 1.03 hereof.