Class R Certificate definition

Class R Certificate. The Class R Certificate executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A and evidencing the ownership of the Class LT-R Interest and the residual interest in the Upper Tier REMIC.

Class R Certificate. Any one of the Class R Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-18 and evidencing the ownership of the Class R-I Interest, the Class R-II Interest and the Class R-III Interest.

Class R Certificate. Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-18 hereto. The Class R Certificates have no Pass-Through Rate, Certificate Balance or Notional Amount.

Examples of Class R Certificate in a sentence

• On the Closing Date, the Issuer will issue to the Trustor (and the Trustor will retain) those certain certificates designated the "Class R Certificate" and "Class RL Certificate" substantially in the forms set forth in Exhibits A-2 and A-3 hereto, respectively.

• On the Closing Date, the Issuer will issue to the Trustor (and the Trustor will retain) those certain certificates designated the "Class R Certificate" and "Class RL Certificate" substantially in the forms set forth in Exhibits A- 2 and A-3 hereto, respectively.

• On the Closing Date, the Issuer will issue to the Trustor (and the Trustor will retain) those certain certificates designated the "Class R Certificate" and "Class RL Certificate" substantially in the forms set forth in Xxxxxxxx X- 0 and A-3 hereto, respectively.

• The foregoing shall not be deemed to limit or restrict the rights and remedies of the Holder of such Class R Certificate now or hereafter existing at law or in equity.

• The Class X Certificate also represents ownership of the assets held from time to time in the Basis Risk Reserve Fund, the Interest Rate Cap Account, the Interest Rate Cap Agreement and rights to receive certain payments from the holder of the Class R Certificate as described in Section 8.11 of this Agreement.

More Definitions of Class R Certificate

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

Class R Certificate. Any one of the Class R-I Certificates and Class R-II Certificates.

Class R Certificate. Any of the Class R-1, Class R-2, Class R-3 or Class RX Certificates.

Class R Certificate. A Certificate designated as “Class R” on the face thereof in the form of Exhibit A-16 hereto, and evidencing the sole class of “residual interest” in the Lower-Tier REMIC and Upper-Tier REMIC for purposes of the REMIC Provisions.

Class R Certificate. The Class R Certificate executed by the Trustee and authenticated by the Trustee in substantially the form set forth in Exhibit A.

Class R Certificate. Any Certificate designated as a "Class R Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.

Class R Certificate. Any one of the Class R Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit B-2, executed by the Securities Administrator and authenticated and delivered by the Securities Administrator, evidencing ownership of the Class R-1 Interest and Class R-2 Interest.