Class I definition

Class I. X" on the face thereof in substantially the form attached hereto as Exhibit A.

Class I. X Principal Balance as of the Cut-Off Date: $0.00 Class I-X Notional Amount as of the Cut-Off Date: $[ ] Cede & Co. Registered Owner Exhibit A-II-X CUSIP MORTGAGE PASS-THROUGH CERTIFICATE Class II-X Evidencing a Percentage Interest in a trust fund whose assets consist of interests in another trust fund whose assets consists of, among other things, a pool of conventional one- to four-family mortgage loans formed and administered by PNC MORTGAGE SECURITIES CORP. This Certificate represents ownership of a "regular interest" in a "real estate mortgage investment conduit," as those terms are defined in Sections 860G and 860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue date (the "Issue Date") of this Certificate is October 27, 1998. [Assuming that the Mortgage Loans underlying the Certificates prepay at the prepayment assumption used by the issuer in pricing this Certificate (i.e., 275% of the Standard Prepayment Assumption as described in the Prospectus Supplement), this Certificate has been issued with original issue discount ("OID") of no more than $ per $100,000 of initial Certificate ----------- Principal Balance, the yield to maturity is %, and the amount of OID ----- attributable to the short period is not more than $ per $100,000 ----------- of initial Certificate Principal Balance, computed under the exact method. No representation is made that the Mortgage Loans will prepay at a rate based on the Standard Prepayment Assumption or any other rate.] Unless this Certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its agent for registration of transfer, exchange, or payment, and any Certificate issued is registered in the name of Cede & Co. or such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. Series 1998-11 Portion of the Class II-X Notional Amount as of the Cut-Off Date Evidenced by this Certificate: $ -------------------------------------------------- Class II-X Certificate Interest Rate: 6.250% applied to the Class II-X Notional Amount Cut-Off Date: October 1, 1998 First Distribution Date: November 25, 1998 Last Scheduled Distrib...

Class I vehicles constructed with areas for standing passengers, to allow frequent passenger movement;

Examples of Class I in a sentence

• On the date on which the Dealer Manager, in conjunction with the SREIT’s transfer agent, determines that the Fee Limit has been reached with respect to the OP Units of a particular class held by an investor, all OP Units of such class held by such investor automatically shall convert into Class I OP Units as set forth in the Limited Partnership Agreement of the Operating Partnership, and no further OP Unit Investor Servicing Fee shall be payable with respect to such OP Units.

• However, if vehicles other than those of Class I are equipped with devices for people with reduced mobility and/or wheelchair users, they shall comply with the relevant requirements of annex 8.

• For Class I vehicles and for vehicles with a rear part permanently closed off from the passenger compartment, this provision is fulfilled if an escape hatch is fitted.

• No OP Unit Investor Servicing Fee will be paid for Class I OP Units.

• On the date on which the Dealer Manager, in conjunction with SREIT’s transfer agent, determines that the Fee Limit, if any, has been reached with respect to the OP Units of a particular class held by an Investor, all OP Units of such class held by such Investor automatically shall convert into Class I OP Units, and no further OP Unit Investor Servicing Fee shall be payable with respect to such OP Units.

More Definitions of Class I

Class I. “Class II” and “Class III” have the meanings set forth in Section 2.1(c).

Class I means the class of directors of the Board of Directors with a term expiring at the annual meeting of stockholders of the Company in 2000 and every third annual meeting thereafter.

Class I means Class I of the Board, as designated by the Company’s Certificate of Incorporation.

Class I. A-1 Pass-Through Rate: For the first Distribution Date, 3.290 % per annum, and on any Distribution Date thereafter, the lesser of (i) One-Month LIBOR for the related Accrual Period plus the Class I-A-1 Margin for such Distribution Date and (ii) the applicable Interest Rate Cap for such Distribution Date.

Class I means small off-road engines greater than 65 cc to less than 225 cc in displacement.

Class I means the class of directors of the Board of Directors whose initial term expired at the annual meeting of stockholders of the Company in 1996 and has expired or will expire at every third annual meeting thereafter.

Class I means Class I EUR, Class Id EUR, Class I GBP, Class Id GBP, Class I CHF, Class Id CHF, Class I USD, Class Id USD, Class I SGD, Class Id SGD, Class I JPY and Class Id JPY Shares in the Fund.