The Class R-3 Interest definition

The Class R-3 Interest shall evidence the sole class of "residual interests" in REMIC 3 for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the Original Class Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each Class of Certificates that represents one or more of the "regular interests" in REMIC 3 created hereunder:
Source 1Source 2Source 3
The Class R-3 Interest represents the sole class of "residual interests" in the Class B-2 REMIC for purposes of the REMIC Provisions. The following table sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the Class of Certificates that represent the "regular interest" in the Class B-2 REMIC created hereunder: Original Class Pass-Through Certificate Principal Class Designation Rate Balance --------------------------- -------------------- ---------------------
Source 1Source 2
The Class R-3 Interest shall evidence the sole class of "residual interests" in REMIC 3 for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the Original Class Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each Class of Certificates that represents one or more of the "regular interests" in REMIC 3 created hereunder: Original Class Certificate Principal Assumed Final Designation Balance Pass-Through Rate Maturity Date(1) ------------------------------------------------------------------------------------------- Class I-A1 ................. $ 713,502,000.00 Variable(2) May 25, 2035 Class II-A1 ................ $ 91,800,000.00 Variable(2) May 25, 2035 Class II-A2 ................ $ 85,330,000.00 Variable(2) May 25, 2035 Class II-A3 ................ $ 92,580,000.00 Variable(2) May 25, 2035 Class II-A4 ................ $ 35,513,000.00 Variable(2) May 25, 2035 Class M-1 .................. $ 66,938,000.00 Variable(2) May 25, 2035 Class M-2 .................. $ 33,788,000.00 Variable(2) May 25, 2035 Class M-3 .................. $ 23,588,000.00 Variable(2) May 25, 2035 Class M-4 .................. $ 22,950,000.00 Variable(2) May 25, 2035 Class M-5 .................. $ 23,588,000.00 Variable(2) May 25, 2035 Class M-6 .................. $ 16,575,000.00 Variable(2) May 25, 2035 Class M-7 .................. $ 15,300,000.00 Variable(2) May 25, 2035 Class M-8 .................. $ 14,663,000.00 Variable(2) May 25, 2035 Class M-9 .................. $ 12,113,000.00 Variable(2) May 25, 2035 Class B-1 .................. $ 9,563,000.00 Variable(2) May 25, 2035 Class B-2 .................. $ 10,834,000.00 Variable(2) May 25, 2035 Class C Interest ........... $ 6,374,900.00(3) Variable(2) May 25, 2035 Class P Interest ........... $ 100.00 N/A(4) May 25, 2035
Source 1

Examples of The Class R-3 Interest in a sentence

  • The Class R-3 Interest and the REMIC III Regular Interests shall constitute the entire beneficial ownership interest in REMIC III.

  • The Class R-3 Interest and the REMIC III Certificates (other than the Class R Certificates), the Class X Interest, Class P Interest and Class IO Interest shall constitute the entire beneficial ownership interest in REMIC III.

  • REMIC 3 ------- As provided herein, the Trustee shall make an election to treat the Class C Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC 3." The Class R-3 Interest represents the sole class of "residual interests" in REMIC 3 for purposes of the REMIC Provisions.

  • For the scope of work outlined above, a payment of $7,125.00 will be invoiced and paid to Branding System PRO before the start of the project.

  • The Class R-3 Interest, together with the Class B-1 Certificates, constitute the entire beneficial ownership interest in REMIC 3.

  • The Class R-3 Interest and the Class X Certificates shall constitute the entire beneficial ownership interest in REMIC III.

  • REMIC 3 ------- As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class C Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC 3." The Class R-3 Interest represents the sole class of "residual interests" in REMIC 3 for purposes of the REMIC Provisions.

  • The Class R-3 Interest does not have a principal balance and does not bear interest.

  • The Class R-3 Interest is hereby designated as the single class of “residual interests” in REMIC 3 for purposes of the REMIC Provisions.

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More Definitions of The Class R-3 Interest

The Class R-3 Interest shall represent the sole class of "residual interests" in REMIC 3 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC 3 Pass-Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 3 Regular Interests. None of the REMIC 3 Regular Interests will be certificated. Uncertificated REMIC 1 Initial Uncertificated Pass-Through Assumed Final Designation Principal Balance Rate Maturity Date(1) ----------- ---------------------- -------------- ---------------- AA $1,350,301,118.48 Variable(2) August, 2045 IA1 $ 1,402,980.00 Variable(2) August, 2045 IA2 $ 350,745.00 Variable(2) August, 2045 IIA1 $ 2,706,190.00 Variable(2) August, 2045 IIA2 $ 676,550.00 Variable(2) August, 2045 IIIA1 $ 1,625,000.00 Variable(2) August, 2045 IIIA1A $ 239,015.00 Variable(2) August, 2045 IIIA2 $ 2,011,675.00 Variable(2) August, 2045 IIIA3 $ 1,518,490.00 Variable(2) August, 2045 IIIA4 $ 140,870.00 Variable(2) August, 2045 M1 $ 723,375.00 Variable(2) August, 2045 M2 $ 420,245.00 Variable(2) August, 2045 M3 $ 275,570.00 Variable(2) August, 2045 M4 $ 206,680.00 Variable(2) August, 2045 M5 $ 206,680.00 Variable(2) August, 2045 M6 $ 186,010.00 Variable(2) August, 2045 M7 $ 172,230.00 Variable(2) August, 2045 M8 $ 144,675.00 Variable(2) August, 2045 M9 $ 137,785.00 Variable(2) August, 2045 M10 $ 110,230.00 Variable(2) August, 2045 B1 $ 137,785.00 Variable(2) August, 2045 B2 $ 144,675.00 Variable(2) August, 2045 B3 $ 130,895.00 Variable(2) August, 2045 ZZ $ 13,888,815.68 Variable(2) August, 2045 1GRP $ 3,507,451.00 Variable(2) August, 2045 2GRP $ 6,765,480.00 Variable(2) August, 2045 3GRP $ 11,070,100.00 Variable(2) August, 2045 SUB GRP $ 6,214,135.68 Variable(2) August, 2045 Swap IO N/A(3) Variable(2) August, 2045 FMR IO N/A(4) Variable(2) August, 2045 XX $1,350,301,117.48 Variable(2) August, 2045 P $ 100.00 Variable(2) August, 2045
Source 1
The Class R-3 Interest shall represent the sole class of "residual interests" in REMIC 3 for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC 3 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 3 Regular Interests (as defined herein). None of the REMIC 3 Regular Interests will be certificated. Uncertificated REMIC 3 Initial Uncertificated Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date(1) ----------- ----------------- ----------------- ---------------- [LTAA Variable(2) $[_______________] [_______________] LTIA1 Variable(2) $[_______________] [_______________] LTIIA1 Variable(2) $[_______________] [_______________] LTIIA2 Variable(2) $[_______________] [_______________] LTIIA3 Variable(2) $[_______________] [_______________] LTIIA4 Variable(2) $[_______________] [_______________] LTM1 Variable(2) $[_______________] [_______________] LTM2 Variable(2) $[_______________] [_______________] LTM3 Variable(2) $[_______________] [_______________] LTM4 Variable(2) $[_______________] [_______________] LTM5 Variable(2) $[_______________] [_______________] LTM6 Variable(2) $[_______________] [_______________] LTM7 Variable(2) $[_______________] [_______________] LTM8 Variable(2) $[_______________] [_______________] LTM9 Variable(2) $[_______________] [_______________] LTM10 Variable(2) $[_______________] [_______________] LTB1 Variable(2) $[_______________] [_______________] LTB2 Variable(2) $[_______________] [_______________] LTB3 Variable(2) $[_______________] [_______________] LTZZ Variable(2) $[_______________] [_______________] LTP Variable(2) $[_______________] [_______________] LTIO] Variable(2) (3) [_______________]
Source 1

Related to The Class R-3 Interest