Class CE-1 Interest definition

Class CE-1 Interest. An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE-1 Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.
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Class CE-1 Interest. The Upper Tier REMIC Regular Interest held by the Class ▇▇ ▇▇▇▇▇ as specified and described in the Preliminary Statement and the related footnote thereto.
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Examples of Class CE-1 Interest in a sentence

  • All such shortfalls allocated to the Class CE-1 Interest shall be allocated to the Class CE-1 Certificates.

  • The Class A Certificates and the Mezzanine Certificates (other than the right to receive amounts from the Net WAC Rate Carryover Reserve Account or the Swap Account or the obligation to make payments to the Swap Account), the Class CE-1 Interest, the Class CE-2 Interest, the Class P Interest and the Class Swap-IO Interest shall be designated as the Regular Interests in REMIC III and the Class R-III Interest shall be designated as the Residual Interest in REMIC III.

  • The interests evidenced by the Certificates (other than the Class CE-1 Certificates, the Class CE-2 Certificates, the Class P Certificates and the Class R-X Certificates), the Class CE-1 Interest, the Class CE-2 Interest and the Class P Interest constitute the entire beneficial ownership interest in REMIC II.

  • Class CE-1 Interest, the Class CE-2 Interest, the Class P Interest and the Class Swap-IO Interest; Acceptance of REMIC IV, REMIC V, REMIC VI and REMIC VII by the Trustee.

  • The Trustee acknowledges receipt of the Class CE-1 Interest and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Class CE-1 Certificates and the Class R-X Certificates (in respect of the Class R-III Interest).

  • The Floating Rate Certificates, the Class CE-1 Interest and the Class P Interest shall be designated as the Regular Interests in REMIC II and the Class R-II Interest shall be designated as the Residual Interest in REMIC II.

  • The interests evidenced by the Class R-II Interest, together with the Regular Certificates, the Class CE-1 Interest, the Class CE-2 Interest and the Class P Interest, constitute the entire beneficial ownership interest in REMIC II.

  • The Trustee acknowledges receipt of the REMIC I Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Regular Certificates (other than the Class CE-1 Certificates, the Class CE-2 Certificates and the Class P Certificates), the Class CE-1 Interest, the Class CE-2 Interest, the Class P Interest and the Class R Certificates (in respect of the Class R-II Interest).

  • The Trustee acknowledges receipt of the Class CE-1 Interest, the Class P Interest, the Class Swap-IO Interest and the Class CE-2 Interest and declares that it holds and will hold the same in trust for the exclusive use and benefit of all present and future Class R-X Certificateholders, REMIC IV (as holder of the Class CE-1 Interest), REMIC V (as holder of the Class P Interest), REMIC VI (as holder of the Class Swap-IO Interest) and REMIC VII (as holder of the Class CE-2 Interest).

  • The Trustee acknowledges receipt of the REMIC II Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Regular Certificates (other than the Class CE-1 Certificates, the Class CE-2 Certificates and the Class P Certificates), the Class CE-1 Interest, the Class CE-2 Interest, the Class P Interest and the Class R Certificates (in respect of the Class R-III Interest).

Related to Class CE-1 Interest

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

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

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

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