Class R Residual Interests Sample Clauses
The 'Class R Residual Interests' clause defines the rights and obligations associated with a specific class of residual interests in a securitization structure, typically referred to as Class R. This clause outlines who holds these interests, how cash flows or losses are allocated to them, and any conditions or restrictions on their transfer or payment. For example, Class R holders may be entitled to receive any remaining income after all other classes of securities have been paid, or may bear the first losses in the structure. The core function of this clause is to clarify the treatment and priority of residual interests, ensuring transparency and proper allocation of risk and returns among investors.
Class R Residual Interests. 14 Class R-1 Residual Interest...................................................................14 Class R-2 Residual Interest...................................................................14 Clean-Up Call Percentage......................................................................14
Class R Residual Interests. 19 Class R-1 Residual Interest........................................... 19 Class R-2 Residual Interest........................................... 19 Class R-3 Residual Interest........................................... 19
Class R Residual Interests. 10 TABLE OF CONTENTS (continued)
Class R Residual Interests. 18 Clean-Up Call Percentage.................................................................... 19
Class R Residual Interests. 12 CLASS R-1 RESIDUAL INTEREST.................................................12 CLASS R-2 RESIDUAL INTEREST.................................................12