The Class R-1 Interest definition

The Class R-1 Interest shall represent the sole class of "residual interests" in REMIC 1 for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 1 Regular Interests (as defined herein). None of the REMIC 1 Regular Interests shall be certificated.
Sample 1Sample 2Sample 3
The Class R-1 Interest shall represent the sole class of "residual interests" in REMIC 1 for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 1 Regular Interests (as defined herein) certificated. Uncertificated REMIC 1 Initial Uncertificated Assumed Final Maturity Designation Pass-Through Rate Principal Balance Date(1) --------------------------- ------------------------ --------------------------- -------------------------- LTAA Variable(2) $ 572,745,039.52 January 2035 LTI-A1 Variable(2) $ 2,028,600.00 January 2035 LTI-A2 Variable(2) $ 225,400.00 January 2035 LTII-A1 Variable(2) $ 860,000.00 January 2035 LTII-A2 Variable(2) $ 1,347,000.00 January 2035 LTII-A3 Variable(2) $ 229,080.00 January 2035 LTM1 Variable(2) $ 187,020.00 January 2035 LTM2 Variable(2) $ 184,100.00 January 2035 LTM3 Variable(2) $ 111,040.00 January 2035 LTM4 Variable(2) $ 105,200.00 January 2035 LTM5 Variable(2) $ 93,510,00.00 January 2035 LTM6 Variable(2) $ 84,740.00 January 2035 LTM7 Variable(2) $ 73,050.00 January 2035 LTM8 Variable(2) $ 64,290.00 January 2035 LTM9 Variable(2) $ 49,680.00 January 2035 LTM10 Variable(2) $ 58,440.00 January 2035 LTZZ Variable(2) $ 5,987,524.28 January 2035 LTP Variable(2) $ 100.00 January 2035
Sample 1
The Class R-1 Interest shall represent the sole class of "residual interests" in REMIC 1 for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 1 Regular Interests (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Uncertificated REMIC 1 Initial Uncertificated Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date(1) ----------- ----------------- ----------------- ---------------- [I-LT1 Variable(2) $[_______________] [_______________] I-LT1PF Variable(2) $[_______________] [_______________] I-LT2 Variable(2) $[_______________] [_______________] I-LT2PF Variable(2) $[_______________] [_______________] I-LTP] Variable(2) $[_______________] [_______________]
Sample 1

Examples of The Class R-1 Interest in a sentence

  • The Class R-1 Interest is the residual interest and will not be entitled to any distributions of interest or principal.

  • The Class R-1 Interest will represent the sole class of "residual interests" in REMIC 1 for purposes of the REMIC Provisions.

  • The Class R-1 Interest will represent the sole Class of “residual interests” in REMIC 1 for purposes of the REMIC Provisions.

  • The Class R-1 Interest will represent the single Class of "residual interest" in REMIC 1.

  • The Class R-1 Interest is hereby designated as the sole class of residual interest in the Subsidiary REMIC.

  • The Class R-1 Interest will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein).

  • The Class R-1 Interest will represent the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

  • The Class R-1 Interest, the Class R-2 Interest and the Class R-3 Interest will represent the sole class of "residual interest" in each of REMIC I, REMIC II and REMIC III, respectively.

  • The Class R-1 Interest will represent the single Class of "residual interest" in the Subsidiary REMIC.

  • The Class R-1 Interest will represent the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions.


More Definitions of The Class R-1 Interest

The Class R-1 Interest shall represent the sole class of "residual interests" in REMIC 1 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 1 Regular Interests. None of the REMIC 1 Regular Interests will be certificated. Initial Uncertificated Uncertificated REMIC 1A Rate Change Assumed Final Designation Principal Balance Pass-Through Rate Date Maturity Date(1) ----------- ----------------- ----------------- ----------- ---------------- A $2,480,144,901.49 Variable(2) N/A August, 2045 G1-A $ 35,074,510.00 Xxxxxxxx(0) X/X Xxxxxx, 0000 X0-X $ 10,212,116.83 Xxxxxxxx(0) X/X Xxxxxx, 0000 X0-X $ 67,654,800.00 Xxxxxxxx(0) X/X Xxxxxx, 0000 X0-X $ 19,698,066.96 Xxxxxxxx(0) X/X Xxxxxx, 0000 X0-X $ 110,701,000.00 Xxxxxxxx(0) X/X Xxxxxx, 0000 X0-X $ 32,231,173.04 Variable(2) N/A August, 2045 P $ 100.00 Variable(2) N/A August, 2045
Sample 1

Related to The Class R-1 Interest

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

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

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

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

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

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

  • 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-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-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.

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

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

  • Class C Certificate Any one of the Certificates with a “Class C” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” 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.