Class C Subsidiary Certificate definition

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

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

  • The Class C Subsidiary Certificate shall be substantially in the form set forth in Exhibit J hereto, and shall, on original issue, be executed by the Trustee on behalf of the Trust upon order of the Originator.

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

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

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

  • This Class C Subsidiary 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 Subsidiary 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 Subsidiary 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.

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

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

  • The Class C Subsidiary 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 Subsidiary Certificates.