RR Interest definition

RR Interest. The VRR Interest and the HRR Interest, collectively.

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RR Interest. The VRR Interest, the respective Classes of the Class V-A/B/C/D/E Certificates and the HRR Interest, collectively.

RR Interest. The Combined VRR Interest, the HRR Interest, any Loan-Specific HRR Interest and any Loan-Specific VRR Interest, collectively.

Examples of RR Interest in a sentence

The Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee, without the consent of any of the Certificateholders, the RR Interest Owners or the Companion Loan Holders, in certain circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement.
The Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee, without the consent of any of the Certificateholders, the RR Interest Owners or the Companion Loan Holders in certain circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement.
The Trustee shall be entitled to request, upon receipt of a written request from any Certificateholder or RR Interest Owner, and the Servicer and the Special Servicer shall each deliver or cause to be delivered to the Trustee, a certificate of insurance from the surety and insurer certifying that such insurance is in full force and effect.
The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders and the RR Interest Owners shall be subject to such reasonable regulations as the Certificate Administrator may prescribe.
The Trustee will make any such certificate of insurance available to the requesting Certificateholder or RR Interest owner on a confidential basis.

More Definitions of RR Interest

RR Interest. Collectively, the Certificates described in the following table (as such Certificates may be exchanged as provided for in Section 5.8): 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

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. 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. An uncertificated interest evidencing beneficial ownership of (i) a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions and (ii) a portion of the VRR Interest Specific Grantor Trust Assets. The parties hereto agree not to treat the RR Interest as a security under applicable law.

RR Interest. The VRR Interest, the HRR Interest and the Class 805H Certificates, collectively.

RR Interest. The HRR Interest.

RR Interest. An uncertificated interest in the Trust representing the right to receive 3.0% of all amounts collected on the Trust Loan, net of all expenses of the Trust, and distributable on each Distribution Date to Holders of Certificates (other than to the Class R Certificates) and to the RR Interest Owners. The RR Interest evidences a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions. For the avoidance of doubt, the parties hereto agree not to treat the RR Interest as a security under applicable law.