RR Interest definition

RR Interest. The VRR Interest and the HRR Interest, collectively.
RR Interest. The VRR Interest, the respective Classes of the Class V-2 Certificates, the respective Classes of the Class V-3 Certificates and the HRR Interest, collectively.
RR Interest. Collectively, the Certificates described in the following table (as such Certificates may be exchanged as provided for in Section 5.8): Class Initial Certificate Balance/ Initial Notional Amount to be Retained Class A $ 4,318,000 Class X $ 6,370,000 Class B $ 677,000 Class C $ 1,375,000 Class D $ 1,635,000 Class E $ 2,350,000 Class F $ 1,145,000

Examples of RR Interest in a sentence

  • The purchase price for the Mortgage Loans shall be a combination of (i) the portion of the RR Interest transferred to the Mortgage Loan Seller pursuant to the RR Interest Transfer Agreement and (ii) a cash amount set forth on the cross receipt between the Mortgage Loan Seller and the Purchaser dated the Closing Date (which price reflects no deduction for any transaction expenses for which the Mortgage Loan Seller is responsible).

  • In no event shall a Risk Retention Certificate be held as a Global Certificate during the RR Interest Transfer Restriction Period.

  • The Mortgage Loan Seller hereby directs the Purchaser to transfer the portion of the RR Interest referenced above directly to MSBNA.

  • THIS CERTIFICATE MAY NOT BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT 4 Legend required for certificate evidencing any part of the RR Interest.

  • The purchase price for the Mortgage Loans shall be a combination of (i) the portion of the RR Interest transferred to MSBNA pursuant to the RR Interest Transfer Agreement and (ii) a cash amount set forth on the cross receipt between the Mortgage Loan Seller and the Purchaser dated the Closing Date (which price reflects no deduction for any transaction expenses for which the Mortgage Loan Seller is responsible).


More Definitions of RR Interest

RR Interest. A Certificate executed and authenticated by the Certificate Administrator in substantially the form set forth in Exhibit A-7 hereto and designated as an “RR Interest”.
RR Interest. A Certificate (or all Certificates, as the context may require) designated as “RR Interest” on the face thereof, in the form of Exhibit A-4 hereto, and evidencing (i) a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions and (ii) beneficial ownership of the RR Interest Specific Grantor Trust Assets.
RR Interest. The VRR Interest, the HRR Interest and the Class 805H Certificates, collectively.
RR Interest. The Sabal VRR Interest Portion, the Uncertificated VRR Interest, the 111RR Interest and the 360RR Interest, collectively.
RR Interest. The HRR Interest.
RR Interest. Collectively, the Class E-RR, Class F-RR, Class G-RR, Class H-RR and Class J-RR Certificates, which are purchased for cash by the Third Party Purchaser from the Initial Purchasers on the Closing Date.
RR Interest. The Combined VRR Interest, the HRR Interest and the Uncertificated WMRR Interest, collectively.