Class C Master Certificate definition

Class C Master Certificate means a Class C Master Certificate executed and delivered by the Trustee substantially in the form of Exhibit K, and evidencing an interest designated as the "residual interest" in the Master REMIC for purposes of the REMIC Provisions.
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Class C Master Certificate means a Certificate for Home Equity Loans, Series 1999-A, bearing the designation Class C Master, executed and delivered by the Trustee substantially in the form of Exhibit I, and evidencing an interest designated as a "residual interest" in the Master REMIC for purposes of the REMIC Provisions.
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Class C Master Certificate means a certificate for Home Improvement and Home Equity Loans, Series 1998-B, bearing the designation Class C Master, executed and delivered by the Trustee substantially in the form of Exhibit L, and evidencing an interest designated as a "residual interest" in the Master REMIC for purposes of the REMIC Provisions.
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Examples of Class C Master Certificate in a sentence

  • For purposes of the REMIC election in respect of the Master REMIC, (i) the Certificates shall be designated as the "regular interests" in the Master REMIC and (ii) the Class C Master Certificate shall be designated as the sole Class of "residual interests" in the Master REMIC.

  • The Class C Master Certificate shall be evidenced by a single Class C Certificate issued on the Closing Date to the Company and shall represent 100% of the Percentage Interest of the Class C Master Certificates.

  • The Class C Master Certificate is being issued in a single Class and is hereby designated by the Seller as constituting the sole class of "residual interests" in the Master REMIC for purposes of Section 860G(a)(2) of the Code.

  • By acceptance of this Class C Master Certificate the holder assents to and becomes bound by the Agreement.

  • This Class C Master Certificate is one of the Class C Master Certificates described in the Agreement and is issued pursuant and subject to the Agreement.

  • As provided in the Agreement and subject to certain limitations therein set forth, this Class C Master Certificate is exchangeable for new Class C Master Certificates of authorized denominations evidencing the same aggregate Percentage Interest as requested by the holder surrendering the same.

  • The Company, the Servicer, the Trustee, the Paying Agent and the Certificate Registrar and any agent of the Company, the Servicer, the Trustee, the Paying Agent or the Certificate Registrar may treat the person in whose name this Class C Master Certificate is registered as the owner hereof for all purposes, and neither the Company, the Servicer, the Trustee, the Paying Agent, the Certificate Registrar nor any such agent shall be affected by any notice to the contrary.

  • This Class C Master Certificate does not purport to summarize the Agreement and reference is made to the Agreement for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and immunities of the Trustee.

  • The holder of this Class C Master Certificate, by acceptance hereof, agrees that, in accordance with the requirements of Section 860D(b)(1) of the Code, the federal tax return of the Trust for its first taxable year shall provide that the Master REMIC elects to be treated as a "real estate mortgage investment conduit" (a "REMIC") under the Code for such taxable year and all subsequent taxable years.

  • The Class C Master Certificates shall be issuable in Percentage Interests and shall be evidenced by a single Class C Master Certificate issued on the Closing Date to Green Tree Finance Corp.-Two.