Class R-6 Interest definition

Class R-6 Interest. The uncertificated Residual Interest in REMIC 6.
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Class R-6 Interest. The uncertificated Residual Interest in REMIC VI. Closing Date: January 30, 2006. Code: The Internal Revenue Code of 1986, including any successor or amendatory provisions.
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Class R-6 Interest. The Residual Interest in REMIC VI.
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Examples of Class R-6 Interest in a sentence

  • The Class R-6 Interest, together with the Class B-3 Certificates, constitute the entire beneficial ownership interest in REMIC 6.

  • The Class R-6 Interest represents the sole class of Residual Interests in REMIC VI for purposes of the REMIC Provisions.

  • The Trustee acknowledges receipt of the Class IO Interest and declares that it holds and will hold the same in trust for the exclusive use and benefit of all present and future Holders of the Class R-6 Interest and REMIC VI (as holder of the Class IO Interest).

  • We utilize the excess value measure introduced by Berger and Ofek (1995).10 We define EXVALUEi,t as the natural log of the ratio of the firm’s total value to imputed value.EXVALUEi,t = ln CAPITALi,t CAPITALimputed  (2) i,t  where CAPITALi,t is the sum of common equity, preferred stock, plus the book value of debt i,t for firm i in year t, and CAPITALimputed is the product of the firm’s SALES and the firm’s primary industry-median ratio of CAPITAL to SALES.

  • The Class R-6 Interest and the REMIC VI Regular Interest IO Certificates shall constitute the entire beneficial ownership interest in REMIC VI.

  • The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee, without recourse, all the right, title and interest of the Depositor in and to the Class IO Interest for the benefit of the Class R-6 Interest and REMIC VI (as holder of the Class IO Interest).

  • The Class R-X Certificates will evidence ownership of the Class R-3 Interest, Class R-4 Interest, Class R-5 Interest, Class R-6 Interest, Class R-7 Interest and Class R-8 Interest.

  • Any portion of the Available Funds remaining in REMIC 5, REMIC 6 or REMIC 7 on a Distribution Date shall be distributed to the Class R-Q Certificates in respect of the Class R-5 Interest, Class R-6 Interest and Class R-7 Interest, respectively.

  • The Class B-2 Certificates will represent ownership of "regular interests" in REMIC 6 (exclusive of any right of the holder of such Certificates to receive payments from the Net WAC Rate Carryover Reserve Account) and will generally be treated as debt instruments of REMIC 6 and the Class R-6 Interest will constitute the sole class of "residual interests" in REMIC 6.

  • The rights of the Holder of the Class R-6 Interest and REMIC VI (as holder of the Class IO Interest) to receive distributions from the proceeds of REMIC VI in respect of the Class R-6 Interest, the REMIC VI Regular Interest IO Certificates, and all ownership interests evidenced or constituted by the Class R-6 Interest and the REMIC VI Regular Interest IO Certificates, shall be as set forth in this Agreement.


More Definitions of Class R-6 Interest

Class R-6 Interest. The uncertificated Residual Interest in REMIC VI. Closing Date: July 29, 2005.
Sample 1Sample 2
Class R-6 Interest. The uncertificated Residual Interest in REMIC VI. Closing Date: August 30, 2007. Code: The Internal Revenue Code of 1986, including any successor or amendatory provisions. Commission: The U.S. Securities and Exchange Commission. Company: EMC in its capacity as servicer, and its successors and assigns.
Sample 1Sample 2
Class R-6 Interest. The uncertificated Residual Interest in REMIC VI for the purposes of the REMIC Provisions. Clearstream: Clearstream Banking Luxembourg, formerly known as Cedelbank SA. Closing Date: July 31, 2007. Code: The Internal Revenue Code of 1986, including any successor or amendatory provisions.
Sample 1

Related to Class R-6 Interest

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

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

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

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

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

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

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

  • Class R-5 Interest The uncertificated Residual Interest in REMIC 5.

  • 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 LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class R-2 Interest The uncertificated Residual Interest in REMIC 2.

  • 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-III Certificate Any one of the Class R-III Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC III for purposes of the REMIC Provisions.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Class R-II Certificate Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Lower Tier Interest As described in the Preliminary Statement.

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

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

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class R-X Certificate Any one of the Class R-X Certificates executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-R-X and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.

  • Class R Certificates All Certificates bearing the class designation of "Class R".

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

  • Class R-1 Certificate Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.