The Class LR definition

The Class LR. Interest will represent the sole class of "residual interests" in the Lower-Tier REMIC for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Uncertificated Lower-Tier REMIC Pass-Through Rate, the initial Uncertificated Balance, and solely for purposes of satisfying Treasury Regulations Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated Lower-Tier Regular Interests. None of the Uncertificated Lower-Tier Interests will be certificated. -------------------------------------------------------------------------------- Initial Uncertificated Uncertificated Lower-Tier REMIC Latest Possible Designation Balance Pass-Through Rate Maturity Date(1) -------------------------------------------------------------------------------- Class 1-L $26,631,189.43 6.00% October 25, 2037 -------------------------------------------------------------------------------- Class 1-LS $1,791.88 6.00% October 25, 2037 -------------------------------------------------------------------------------- Class 1-LPO $104,013.64 (3) October 25, 2037 -------------------------------------------------------------------------------- Class 2-L $256,437,660.94 7.00% October 25, 2037 -------------------------------------------------------------------------------- Class 2-LS $17,472.13 7.00% October 25, 2037 -------------------------------------------------------------------------------- Class 2-LPO $4,313,720.64 (3) October 25, 2037 -------------------------------------------------------------------------------- Class 2-LIO $16,501,082.94(2) 7.00% October 25, 2037 -------------------------------------------------------------------------------- Class 3-L $31,589,308.82 6.00% October 25, 2037 -------------------------------------------------------------------------------- Class 3-LS $2,133.44 6.00% October 25, 2037 -------------------------------------------------------------------------------- Class 3-LPO $241,601.87 (3) October 25, 2037 -------------------------------------------------------------------------------- Class 3-LIO $1,810,771.09(2) 7.00% October 25, 2037 -------------------------------------------------------------------------------- Class 4-L $252,434,657.51 6.00% October 25, 2037 -------------------------------------------------------------------------------- Class 4-LPO $2,089,440.11 (3) October 25, 2037 -------------------------------------------------------------------------------- Class 4-LIO ...
Sample 1
The Class LR. Interest will represent the sole class of "residual interests" in the Lower-Tier REMIC for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Uncertificated Lower-Tier REMIC Pass-Through Rate, the initial Uncertificated Balance, and solely for purposes of satisfying Treasury Regulations Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated Lower-Tier Regular Interests. None of the Uncertificated Lower-Tier Interests will be certificated.
Sample 1

Examples of The Class LR in a sentence

  • The Class LR Certificates constitute the sole class of "residual interests" in the Lower-Tier REMIC for purposes of the REMIC Provisions.

  • The Class LR Interest (evidenced by the Class R Certificates) will not have a Certificate Balance or Notional Amount, will not bear interest and will not be entitled to distributions of Prepayment Premiums or Yield Maintenance Charges.

  • The Class LR Certificateholder is not entitled to interest or principal distributions.

  • The Class LR Certificateholder will be entitled to receive the proceeds of the remaining assets of the Lower-Tier REMIC, if any, on the Final Scheduled Distribution Date for the Certificates, after distributions in respect of any accrued but unpaid interest on the Certificates and after distributions in reduction of principal balance have reduced the principal balances of the Lower-Tier Regular Interests to zero.

  • The Class LR Interest will represent the sole class of “residual interests” in the Lower Tier REMIC for purposes of the REMIC Provisions.

  • The Class LR Interest shall constitute the "residual interest" in the Lower-Tier REMIC within the meaning of the REMIC Provisions.

  • The Class LR Interest will represent the sole class of "residual interest" in the Lower-Tier REMIC for purposes of the REMIC Provisions.

  • The instrument of transfer of any share shall be in writing in the following form or to the following effect: For value received, ___________ hereby sell, assign, and transfer unto ________, _________ shares in the capital of the Company represented by the within certificate, and do hereby irrevocably constitute and appoint ____________ attorney to transfer such shares on the books of the Company with full power of substitution in the premises.

  • All temporary event signs shall be securely installed, and shall meet all applicable safety standards as prescribed by the city's current building code or electrical code.

  • B.2 Permit Term [326 IAC 2-7-5(2)][326 IAC 2-1.1-9.5][326 IAC 2-7-4(a)(1)(D)][IC 13-15-3-6(a)](a) This permit, T097-25702-00303, is issued for a fixed term of five (5) years from the issuance date of this permit, as determined in accordance with IC 4-21.5-3-5(f) andIC 13-15-5-3.

Related to The Class LR

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class P designation on the face thereof, substantially in the form of Exhibit A-5 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • 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.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class L Certificate means any of the Certificates with a "Class L" 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.

  • Class S designation on the face thereof, substantially in the form of Exhibit A-5 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class size means the maximum number of students who can receive instruction together in a special class or resource room program and the number of teachers and supplementary school personnel assigned to the class.

  • Class D Certificates “Class E Certificates,” “Class F Certificates,” “Class G Certificates,” “Class H Certificates,” “Class V Certificates” and “Class R Certificates” mean, in each such case, the Certificates designated as “Class A-1,” “Class A-2,” “Class A-SB,” “Class A-3,” “Class A-4,” “Class A-5,” “Class A-S,” “Class X-A,” “Class X-B,” “Class X-C,” “Class B,” “Class PST,” “Class C,” “Class D,” “Class E,” “Class F,” “Class G,” “Class H,” “Class V” and “Class R,” respectively, on the face thereof, in substantially the forms attached hereto as Exhibits A-1 to A-20.

  • Class LE Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class LB Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class LD Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class R-III Certificate Any one of the Class R-III Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC III for purposes of the REMIC Provisions.

  • Class C Trust Class C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • 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.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class R Certificates All Certificates bearing the class designation of "Class R".

  • Class LC Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-II Certificate Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.

  • Class C Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class P," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.