RCR Classes definition

RCR Classes. The Classes designated as such in the Schedule.
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Examples of RCR Classes in a sentence

  • For example, if a particular Recombination includes two REMIC Classes and one RCR Class whose original principal balances shown in the schedule reflect a 1:1:2 relationship, the same 1:1:2 relationship among the original principal balances of those REMIC and RCR Classes must be maintained in any exchange.

  • Taxation of Beneficial Owners of RCR CertificatesThe RCR Classes will be created, sold and administered pursuant to an arrangement that will be classified as a grantor trust under subpart E, part I of subchapter J of the Code.

  • See “Material Federal Income Tax Consequences—Taxation of Beneficial Owners of Residual Certificates” in the REMIC Prospectus.Taxation of Beneficial Owners of RCR CertificatesThe RCR Classes will be created, sold and administered pursuant to an arrangement that will be classified as a grantor trust under subpart E, part I of subchapter J of the Code.

  • For a general discussion of the federal income tax treatment of beneficial owners of REMIC Certificates, see ‘‘Certain Federal Income Tax Conse- quences'' in the REMIC Prospectus.The RCR Classes (each, a ‘‘Combination RCR Class'') will represent the beneficial ownership of the underlying REMIC Certificates set forth in Schedule 1.

  • See “Material Federal Income Tax Consequences—Taxation of Beneficial Owners of Residual Cer- tificates” in the REMIC Prospectus.Taxation of Beneficial Owners of RCR CertificatesThe RCR Classes will be created, sold and administered pursuant to an arrangement that will be classified as a grantor trust under subpart E, part I of subchapter J of the Code.

  • The Bank continued to pursue the strategy of “mobile-first operation, intelligent services and open finance”, prioritized developing the following five business segments: Cloud Fee Payment, Cloud Payment, Online Loan, Mobile Banking and Direct Banking, and established the Cloud Fee Payment Business Center at the same time.

  • The RCR Classes will be created, sold and administered pursuant to an arrangement that will be classified as a grantor trust under subpart E, part I of subchapter F of the Code.

  • The RCR Classes will be created, sold and administered pursuant to an arrangement that will be classiÑed as a grantor trust under subpart E, part I of subchapter J of the Code.

  • For a general discussion of the federal income tax treatment of beneÑcial owners of REMIC CertiÑcates, see ""Certain Federal Income Tax Conse- quences'' in the REMIC Prospectus.The RCR Classes (each, a ""Combination RCR Class'') will represent the beneÑcial ownership of the underlying REMIC CertiÑcates set forth in Schedule 1.

  • Each Certificate of a Combination RCR Class (a ‘‘Combination RCR Certificate'') will represent beneficial ownership of undivided interests in two or more underlying REMIC Certificates.Combination RCR Classes.

Related to RCR Classes

  • Class” or “Classes means any class or classes of Shares as may from time to time be issued by the Company;

  • Senior Class means (a) with respect to the Class B Notes, the Class A Notes and (b) with respect to the Class C Notes, the Class A Notes and the Class B Notes.

  • Classes The Offered Certificates shall be issued with the following Class designations, interest rates and principal balances, subject in the aggregate to the variance referred to in Section 1(a)[and, as to any particular Class, to an upward or downward variance of up to [ ]%]: Principal Interest Class Purchase Class Balance Rate Price Percentage ----- ------- ---- ----------------

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.

  • Voting Classes means Classes 4 and 5.

  • Scheduled Classes As specified in the Preliminary Statement.

  • Backward Classes means any socially and educationally Backward Classes of citizens recognized by the Government for purpose of clause (4) of article 15 of the Constitution of India;

  • Support Classes As specified in the Preliminary Statement.

  • 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.

  • 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.

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

  • Restricted Classes As defined in Section 4.02(e).

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • Classes of Certificates Each of the Class A and Class B Certificates will consist of one or more classes with the prior consent of Wells Fargo Asset Securities Xxxxoration (the "Seller"), which consent shall not be unreasonably withheld. Aggregate Principal Amount $ ___________(Approximate) of the Offered Certificates: Certificates Not Offered Hereby: The Class B-4, Class B-5 and Class B-6 Certificates (the "Other Certificates").

  • Additional Senior Class Debt has the meaning assigned to such term in Section 5.13.

  • Targeted Principal Classes As specified in the Preliminary Statement.

  • Class HI B-2 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HI: B-2 Formula Distribution Amount" and (b) the Unpaid Class HI: B-2 Interest Shortfall, if any.

  • Subclass With respect to the Class A-V Certificates, any Subclass thereof issued pursuant to Section 5.01(c). Any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to Section 5.01(c).

  • Corresponding Class The Class of Certificates that corresponds with a class of interests in REMIC 2 as described in the Preliminary Statement.

  • Class when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

  • Class H 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.

  • principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;

  • Subordinate Class Percentage With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

  • asset class means the category of the underlying interest of a derivative and includes, for greater certainty, interest rate, foreign exchange, credit, equity and commodity;

  • film classification body means the person or persons designated as the authority under section 4 of the Video Recordings Act 1984 (c.39) (authority to determine suitability of video works for classification).

  • Initial Subordinate Class Percentage As defined in the Series Supplement.