Upper-Tier Residual Interest definition

Upper-Tier Residual Interest. The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Upper-Tier REMIC and evidenced by the Class R Certificates.
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Examples of Upper-Tier Residual Interest in a sentence

  • The Class R Certificates will represent both the Lower-Tier Residual Interest and the Upper-Tier Residual Interest.

  • The Class A-▇, ▇▇▇▇▇ ▇-▇, Class A-▇, ▇▇▇▇▇ ▇-▇, Class A-SB, Class A-S, Class B, Class C, Class D, Class E, Class F, Class NR, Class X-A, Class X-B, Class X-D, Class X-E, Class X-F and Class X-NR Certificates will represent “regular interests” in the Upper-Tier REMIC and the Upper-Tier Residual Interest will represent the sole class of “residual interests” in the Upper-Tier REMIC.

  • The Class R Certificates will represent the Lower-Tier Residual Interest and the Upper-Tier Residual Interest.

  • The Regular Certificates and the Class PEZ Regular Interests will represent “regular interests” in the Upper-Tier REMIC, and the Upper-Tier Residual Interest will be the sole class of “residual interests” in the Upper-Tier REMIC.

  • The Class [A-1], Class [A-2], Class [X-A], Class [X-B], Class [B], Class [C], Class [D], Class [E], Class [F] and Class [G] Certificates will each represent a single class of “regular interests” in the Upper-Tier REMIC and the Upper-Tier Residual Interest will represent the sole class of “residual interests” in the Upper-Tier REMIC.

  • The Class [A-1], Class [A-2], Class [X-A], Class [X-B], Class [B], Class [C], Class [D], Class [E], Class [F] and Class [G] Certificates will represent “regular interests” in the Upper-Tier REMIC and the Upper-Tier Residual Interest will represent the sole class of “residual interests” in the Upper-Tier REMIC.

  • The Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class A-SB, Class A-S, Class B, Class C, Class D, Class X-D, Class E, Class F, Class G, Class NR, Class X-A, Class X-B, Class X-F, Class X-G and Class X-NR Certificates will represent “regular interests” in the Upper-Tier REMIC and the Upper-Tier Residual Interest will represent the sole class of “residual interests” in the Upper-Tier REMIC.