VRR1 Interest definition

VRR1 Interest. As defined in the Preliminary Statement.
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VRR1 Interest. The Class VRR Certificates, collectively. For the avoidance of doubt, no Class VRR Certificates will be issued under this Agreement. Accordingly, all references in this Agreement to “VRR1 Interest” shall be disregarded.
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Related to VRR1 Interest

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

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

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

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