Residual Interests Sample Clauses

Residual Interests. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts for their benefit into the Certificate Account, (ii) shall be deemed to have distributed from the Certificate Account the REMIC II Distribution Amount to the Holders of the REMIC II Regular Interests, and to have deposited such amounts for their benefit into the Certificate Account and (iii) from the Certificate Account shall distribute to the Class R Certificateholders, in accordance with the written statement received from the Servicer pursuant to Section 4.02(b), the sum of (a) the Groups 1 & 2 Excess Liquidation Proceeds and the Group 3 Excess Liquidation Proceeds, (b) the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date and (c) the amounts to be distributed to the Holders of the Class R-2 Residual Interest pursuant to the definition of “REMIC II Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (iii) above shall be distributed by wire transfer in immediately available funds for the account of each Class R Certificateholder, or by any other means of payment acceptable to each Class R Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC III and REMIC IV and not REMIC I, and no actual distributions pursuant to clause (ii) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC IV and not REMIC II.

Residual Interests. Upon the execution and delivery of this Agreement, the Partnership shall issue to the Partners such number of “Residual Interests”as are provided on Exhibit B. Such Residual Interests shall either be classified as “Residual Interests (Preferred)” or “Residual Interests (Common)”. Residual Interests shall entitle the holder thereof to the distributions provided in Section 3.5 hereof.

Residual Interests. (a) Unless otherwise specified in the applicable Issue Supplement, the Residual Interest in each Q-REMIC will initially be held by Xxxxxx Xxx in its corporate capacity. In addition, the Residual Interest in each Q-REMIC may not be transferred by Xxxxxx Mae unless: (i) Xxxxxx Xxx is no longer permitted to hold such Residual Interest; or (ii) Xxxxxx Mae determines that a transfer would not result in an Adverse REMIC Event and would not adversely affect any holder of a Certificate or a CAS Note. (b) Any transfer of record or beneficial ownership, direct or indirect (whether pursuant to a purchase, a default under a secured lending agreement or otherwise), by Xxxxxx Xxx of a Residual Interest in any Q-REMIC, or any beneficial interest therein, will be subject to such provisions as reasonably required by Xxxxxx Mae to ensure that such transfer and any future transfer of such Residual Interest will not result in an Adverse REMIC Event and will not adversely affect any holder of a Certificate or a CAS Note.

Residual Interests. 5.8. Management Fees and Reimbursements;.............................

Residual Interests. Except as set out in Schedule 4.1(gg) of the Disclosure Letter, there are no royalties, streaming arrangements, back-in rights, earn-in rights, rights of first refusal or similar provisions or rights to which the Project or the Mining Concessions or any portion thereof are subject.

Residual Interests. Following all of the assignments described herein, the Residual Partnership Interests of the Partners in the Partnership will be as follows: General Partner Residual Partnership Interest --------------- ----------------------------- Conquistador Holding (SPE), Inc. 15% c/o Patriot American Hospitality, Inc. 0000 Xxxxxxxx Xxxxxxx Xxxxx 0000 Xxxxxx, Xxxxx 00000 Class B Limited Partners ------------------------ WHG El Con Corp. 23.27% c/o Wyndham International, Inc. 0000 Xxxxxxxx Xxxxxxx Xxxxx 0000 Xxxxxx, Xxxxx 00000 Conquistador Holding (SPE), Inc. 26.73% c/o Patriot American Hospitality, Inc. 0000 Xxxxxxxx Xxxxxxx Xxxxx 0000 Xxxxxx, Xxxxx 00000 Class A Limited Partner ----------------------- Conquistador Holding (SPE), Inc. 35.00% c/o Patriot American Hospitality, Inc. 0000 Xxxxxxxx Xxxxxxx Xxxxx 0000 Xxxxxx, Xxxxx 00000

Residual Interests. Unless otherwise specified in the applicable Issue Supplement, the Residual Interest in each Q-REMIC will initially be held by Xxxxxx Xxx in its corporate capacity. In addition, the Residual Interest in each Q-REMIC may not be transferred by Xxxxxx Xxx unless:

Residual Interests. Section 3.15(a) of the Disclosure Schedule sets forth a true and correct list of all Residual Interests held by the Companies as of September 30, 2006 and the Bonds underlying such Residual Interests, and such list contains, with respect to: (i) each Residual Interest, the following information: (A) whether such Residual Interest was issued under the Standard Terms, the Master Trust Agreement or a Xxxxxxx Mac Securitization, (B) which entity such Residual Interest is held in and (C) the CUSIP number for the Bonds underlying such Residual Interest; and (ii) for each Bond underlying a Residual Interest, (A) the outstanding principal balance thereof, (B) the applicable maturity date therefore, (C) the coupon rate thereof, (D) the identity of the issuer thereof, and (E) whether such Bond is subject to the Intercreditor Agreements.

Residual Interests. Schedule 2.24 of the Company Disclosure Schedule sets forth a true, complete and correct list of the Company’s investments in subordinated interests retained in securitization transactions as of the date hereof (the “Residual Interests”). Except as set forth in Schedule 2.24 of the Company Disclosure Schedule, the Residual Interests are owned by the Company free and clear of all Liens. In connection with the acquisition of any subordinated interests, the Company or a Company Subsidiary that is the holder of such subordinated interests meets the applicable eligibility requirements set forth in the Securitization Instruments pursuant to which such subordinated interests were sold to such holder.

Residual Interests. Section 2.22 of the Disclosure Schedule sets forth a true, complete and correct list of Seller’s and each Company’s investments in subordinated interests retained in securitization transactions related to the Business as of the date of this Agreement (the “Residual Interests”). The Residual Interests are owned by Seller or one of the Companies free and clear of all Liens, other than Permitted Liens. In connection with the acquisition of any subordinated interests, Seller or the Company that is the holder of such subordinated interests meets the applicable eligibility requirements set forth in the applicable securitization documents pursuant to which such subordinated interests were sold to such holder.