Call Class definition

Call Class. A Class of CPCs whose Holder has the right to direct Xxxxxxx Mac to redeem the related Callable Class.
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Call Class. A Class of CPCs representing the Call Right with respect to the related Callable Class and Callable Asset or Assets.
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Call Class. A Class of Callable Pass-Through Certificates representing the Call Right with respect to the related Callable Class and Callable Asset or Assets.
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Examples of Call Class in a sentence

  • Redemption of Callable Class• On the Redemption Date, Freddie Mac will redeem the Callable Class by paying its Holders, on a pro rata basis, the Redemption Price.• Freddie Mac will not make any other payment on the Callable Class.• Once redeemed, a Callable Class and its related Call Class will not be reissued.

  • Payment to Call Class HolderOn the Redemption Date, Freddie Mac will pay to you the excess of (a) the Call Payment plus payments received on the underlying Callable Assets in the month of redemption over (b) the Redemption Price.

  • In such a Series, the Administrator shall adopt a plan of complete liquidation for the REMIC Pool (or, in a Double-Tier Series, the related Lower-Tier REMIC Pool) on the date on which notice by the holder of the related Call Class of CPCs of exercise of its right to direct the redemption of the Assets becomes irrevocable.

  • The Callable Pool will also issue a ""Call Class'' as shown below.

  • In the event that a Call Class is held of record and transferable in certificated form, such certificate shall bear the legend: “This certificate may be transferred in whole but not in part and may be transferred to one but not more than one person.

  • Class: A REMIC Class, a MACR Class and/or any other class of securities issued under this Agreement, as the context requires; or, if the context so requires, a Call Class or Callable Class issued under a Pass-Through Agreement.

  • The Call Class Securities are not issued with principal balances and are not entitled to payments of any interest.

  • A Class of CPCs representing the beneficial ownership of a specified Callable Asset or Callable Assets, subject to the Call Right of the related Call Class.

  • Callable Class: A Class of CPCs, REMIC Certificates or MACR Certificates, as the context requires, that is redeemable, directly or indirectly, at the direction of the holder of the related Call Class.

  • If you are the Holder of the Call Class, you will have the right (the ""Call Right''):1.


More Definitions of Call Class

Call Class. The Class S Certificateholder.
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Related to Call Class

  • principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;

  • Corresponding Class The class of interests in the Lower-Tier REMIC or Upper-Tier REMIC that corresponds to the class of interests in the other such REMIC or to a Class of Certificates in the manner set out below: Corresponding Corresponding Upper-Tier Corresponding Lower-Tier Class Designation Regular Interest Class of Certificates ---------------------------- ---------------- --------------------- Class LT-A-1 Class A-1 Class A-1 Class LT-A-2a Class A-2a Class A-2a Class LT-A-2b Class A-2b Class A-2b Class LT-A-2c Class A-2c Class A-2c Class LT-A-2d Class A-2d Class A-2d Class LT-M-1 Class M-1 Class M-1 Class LT-M-2 Class M-2 Class M-2 Class LT-M-3 Class M-3 Class M-3 Class LT-M-4 Class M-4 Class M-4 Class LT-M-5 Class M-5 Class M-5 Class LT-M-6 Class M-6 Class M-6 Class LT-B-1 Class B-1 Class B-1 Class LT-B-2 Class B-2 Class B-2 Class LT-B-3 Class B-3 Class B-3 N/A Class X Class X

  • Initial Class Principal Balance As set forth in the Preliminary Statement.

  • Class when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

  • Voting Classes means Classes 4 and 5.

  • Initial Class D Note Balance means $13,564,000.

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Scheduled Classes As specified in the Preliminary Statement.

  • Class Principal Distribution Amount As to each RCR Class, an amount as to principal equal to (i) the concurrent distribution of principal in respect of the related REMIC Class or Classes multiplied by (ii) a fraction the numerator of which is the Aggregate Denomination of such RCR Class and the denominator of which is the Initial Authorized Denomination of such RCR Class. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions.

  • Original Class B Principal Balance The sum of the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and Original Class B-6 Principal Balance, as set forth in Section 11.14.