RLR definition
Examples of RLR in a sentence
Subject to Sections 2.05(b) and 2.06(b), the Class R-I, Class R-II, Class R-III, Class R-LR and Class V Certificates will be issuable in denominations representing Percentage Interests in the applicable Class of not less than 10%.
The Class R-LR Certificates (if issued in accordance with Section 2.06) will represent the sole class of "residual interests" in each and every Loan REMIC, if any, for purposes of the REMIC Provisions under federal income tax law.
Subject to Section 2.06(b), the related Loan REMIC Regular Interest is hereby designated as a "regular interest" (within the meaning of Section 860G(a)(1) of the Code), and the Class R-LR Certificates will evidence the single class of "residual interests" (within the meaning of Section 860G(a)(2) of the Code, in each Loan REMIC.
Notwithstanding the foregoing, however, if the Trust Fund does not include Early Defeasance Trust Mortgage Loans, then (i) there will be no Loan REMICs, (ii) neither the Class R-LR Certificates nor any Loan REMIC Regular Interests will be issued and (iii) the provisions of Section 2.06(b) will apply.
The Class R-I, Class R-II, Class R-III, Class R-LR and Class V Certificates will be issuable in denominations representing Percentage Interests in the related Class of not less than 10%.
POLICY DEDUCTIONS (prem tax, pol fee, sf/pol, sf/unit, sc/unit) (change sign) ADJUSTED EXC INT ▇▇▇ ADD OPT TOTAL EST TOTAL ----------- ------- --------- ---- --------- Agent (4) 11,557.96 0.00 11,557.96 Note: CIC Aamts 11,557.96 Broker(5) 1,337.44 0.00 1,337.44 are related to 1,337.44 FFRL (8,U) 657.05 0.00 657.05 RLR policies.
As soon as reasonably practicable after the Distribution Date, Duke Energy shall cause the Duke Energy Actuary to determine for the Duke Energy RLR the total benefit Liabilities as of the Distribution Date that are subject to funding under the Duke Energy RLR using the actuarial assumptions set forth in Schedule E attached hereto.
As soon as reasonably practicable after such determination, Duke Energy shall cause the insurance company holding the Duke Energy RLR to transfer from the Duke Energy RLR to the insurance policy established pursuant to subsection (a) above, an amount in cash or in kind (as determined by Duke Energy in its discretion) equal to the portion of the Duke Energy RLR allocated to Spectra Energy in accordance with the preceding sentence.
Subject to Section 2.06(b), the related Loan REMIC Regular Interest is hereby designated as a "regular interest" (within the meaning of Section 860G(a)(1) of the Code), and the Class R-LR Certificates will evidence the single class of "residual interests" (within the meaning of Section 860G(a)(2) of the Code), in each Loan REMIC.
The Class R-LR Certificates will represent the sole class of "residual interests" in each and every Loan REMIC for purposes of the REMIC Provisions under federal income tax law.