Class B-5 Interest definition

Class B-5 Interest. The Upper Tier Regular Interest held by the Class B-5 REMIC as specified and described in the Preliminary Statement and the related footnote thereto.
Class B-5 Interest. An uncertificated interest in REMIC 3 held by the Trustee on behalf of the holders of the Class B-5 Certificates and representing a regular interest in REMIC 3.

Examples of Class B-5 Interest in a sentence

  • Amounts payable to the Class B-5 Certificates (other than any Basis Risk Carry Forward Amounts) shall be deemed paid from the Upper Tier REMIC in respect of the Class B-5 Interest to the Class B-5 REMIC as holder of the Class B-5 Interest.

  • Treatment: Unless the Holder of an Allowed Old Equity Interest and the Reorganized Debtors (on Negative Notice) agree to different treatment, each Holder of an Allowed Class B5 Interest shall receive its Pro Rata Share of the assets of the New Sherman Wire Liquidating Trust after all prior Claims against Sherman Wire are satisfied.

  • I-19 Class B-5 Interest Shortfall Amount................................................................

  • Amounts payable to the Class B-5 Certificates (other than any Basis Risk Carry Forward Amounts) shall be deemed paid from the Upper-Tier REMIC in respect of the Class B-5 Interest to the Class B-5 REMIC as holder of the Class B-5 Interest.


More Definitions of Class B-5 Interest

Class B-5 Interest. An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class B-5 Certificates, evidencing a Regular Interest in REMIC 2 for purposes of the REMIC Provisions. The “Class B-5 Principal Distribution Amount “ is an amount equal to the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates (after taking into account the distribution of the Class M-8 Principal Distribution Amount on such Distribution Date), (x) the Certificate Principal Balance of the Class M-9 Certificates (after taking into account the distribution of the Class M-9 Principal Distribution Amount on such Distribution Date), (xi) the Certificate Principal Balance of the Class B-1 Certificates (after taking into account the distribution of the Class B-1 Principal Distribution Amount on such Distribution Date), (xii) the Certificate Principal Balance of the Class B-2 Certificates (after taking into account the distribution of the Class B...

Related to Class B-5 Interest

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

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

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

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

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

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

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

  • 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 B-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

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

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

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

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".

  • Class B-1 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-1 and Exhibit C hereto. Class B-1 Certificateholder: The registered holder of a Class B-1 Certificate.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Class B-4 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A-7 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-7 and Exhibit C hereto.

  • 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.