Stripped Interest Certificate definition

Stripped Interest Certificate has the meaning set forth in the Freddie Mac Acknowledgment Agreement in relation to any Released Excess Yield Mortgage.
Sample 1Sample 2Sample 3
Stripped Interest Certificate has the meaning set forth in the Acknowledgment Agreement.
Sample 1Sample 2Sample 3
Stripped Interest Certificate means one or more stripped interest certificate(s) that (i) represents an interest in and the right to receive payments equal to the released Excess Yield of the Released Excess Yield Mortgages, and (ii) is issued and guaranteed by Xxxxxx Xxx and conveyed to Borrower, and may be sold by Borrower to subsequent entities.
Sample 1Sample 2

Examples of Stripped Interest Certificate in a sentence

  • A Pass-Through Certificate designated by Xxxxxxx Mac as a Stripped Interest Certificate and representing a beneficial ownership interest in a Pass-Through Pool in respect of which one or more Classes of Stripped Interest Certificates have been created, which are entitled to a portion of the interest received on the Assets.

  • A Pass-Through Certificate designated by Freddie Mac as a Stripped Interest Certificate and representing a beneficial ownership interest in a Pass-Through Pool in respect of which one or more Classes of Stripped Interest Certificates have been created, which are entitled to a portion of the interest received on the Assets.

  • A Pass-Through Certificate designated by Xxxxxxx Mac as a Stripped Interest Certificate and representing a beneficial ownership interest in a Pass-Through Pool in respect of which one or more Classes of Stripped Interest Certificates have been created, which are entitled to a portion of interest received on the Assets.


More Definitions of Stripped Interest Certificate

Stripped Interest Certificate. A Class I-XS Certificate or a Class II-XS Certificate.
Sample 1
Stripped Interest Certificate means one or more stripped interest certificate(s) that (i) represents an interest in and the right to receive payments equal to the Released Excess Yield of the Released Excess Yield Mortgages, and (ii) is issued and guaranteed by Fannie Mae and sold to Borrower, and may be sold by Borrower to subsequent entities.
Sample 1

Related to Stripped Interest Certificate

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Accrual Certificates As specified in the Preliminary Statement.

  • Residual Certificates As specified in the Preliminary Statement.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Trust Certificate means a certificate evidencing the beneficial interest of a Certificateholder in the Trust, substantially in the form of Exhibit A to the Trust Agreement.

  • Class B Certificate Any one of the Certificates designated as a Class B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate.

  • Class B-1 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-1 and Exhibit C hereto. Class B-1 Certificateholder: The registered holder of a Class B-1 Certificate.

  • Class C Certificate Any one of the Certificates with a “Class C” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Class R-1 Certificate Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.

  • Class ___ Certificate Any one of the Certificates executed and authenticated by the Trustee or Authenticating Agent on behalf of the Depositor in substantially the form set forth in Exhibit hereto.

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.