VRR Interest definition

VRR Interest. All of the Class VRR Certificates collectively. The VRR Interest represents undivided beneficial interests in a portion of the VRR Specific Grantor Trust Assets.

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VRR Interest. All of the Class VRR Certificates collectively.

VRR Interest. An “eligible vertical interest” (as such term is defined in Regulation RR).

Examples of VRR Interest in a sentence

• As provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes other than distributions to Certificateholders and the VRR Interest Owners, such purposes including reimbursement of certain expenses incurred with respect to the servicing of the Mortgage Loans and administration of the Trust Fund.

• Deutsche Bank National Trust Company, as Trustee for the benefit of the registered holders of BANK5 2025-5YR17, Commercial Mortgage Pass-Through Certificates, Series 2025-5YR17 and the related VRR Interest Owners By: Name: Title: Witness: Witness: STATE OF MARYLAND ) ) SS.

• As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the VRR Interest Owners specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom.

• The Certificate Registrar shall give prompt written notice to the Certificateholders, the VRR Interest Owners and the Mortgagors of any change in the location of the Certificate Register or any such office or agency.

• Reimbursement of previously allocated Realized Losses and VRR Interest Realized Losses will not constitute distributions of principal for any purpose and will not result in an additional reduction in the Certificate Balance of the applicable Class of Certificates or Upper-Tier Regular Interest in respect of which any such reimbursement is made or in the VRR Interest Balance of the VRR Interest.

• The Certificate Registrar shall maintain or cause to be maintained an office or offices or agency or agencies where Certificates or Class RR Certificates may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Certificate Registrar in respect of the Certificates or VRR Interest and this Agreement may be served.

• The allocation of Realized Losses or VRR Interest Realized Losses shall constitute an allocation of losses and other shortfalls experienced by the Trust.

• Any allocation of VRR Interest Realized Losses to the VRR Interest shall be made by reducing the VRR Interest Balance thereof by the amount so allocated.

• Without limiting the generality of the foregoing, the Master Servicer or the Special Servicer may refrain from disclosing information that it reasonably determines would prejudice the interests of the Certificateholders and the VRR Interest Owners with respect to a workout or exercise of remedies as to any particular Mortgage Loan.

• Any VRR Realized Losses so allocated to the VRR Interest shall be allocated between the Class RR Certificates and the RR Interest in proportion to their respective Percentage Interests.

More Definitions of VRR Interest

VRR Interest. Collectively, the Class RR Certificates and the RR Interest.

VRR Interest. As defined in the Preliminary Statement.

VRR Interest. The Class V-1 Certificates, the respective Classes of the Class V-2 Certificates, and the respective Classes of the Class V-3 Certificates, collectively.

VRR Interest. An “eligible vertical interest” (as defined in the Risk Retention Rules) representing 3.1500% of the Certificate Balance, Notional Amount or Percentage Interest, as applicable, of each Class of Certificates other than the Class R Certificates.

VRR Interest. The “single vertical security” (within the meaning of the U.S. Credit Risk Retention Rules) issued under this Agreement as a regular interest in the Upper- Tier REMIC with the Initial Certificate Balance set forth in the Introductory Statement and representing the right to receive the VRR Percentage of all Yield Maintenance Premiums available for distribution and distributions of interest, principal and VRR Realized Loss reimbursements equal to the VRR Allocation Percentage of all interest, principal and Realized Loss reimbursements distributable on the Non-Vertically Retained Regular Certificates. The VRR Interest is collectively evidenced by the Class VRR Certificates.