Examples of Class Interest in a sentence
Terms of the Notes: Initial Principal Amount Interest Rate or Formula Price to Public [Class ] [Class ] [Class ] Interest Payment Dates: , , and , commencing , .
For the purposes of the REMIC election in respect of REMIC I, the REMIC I Regular Interests shall be designated as the “regular interests” in REMIC I and the Class [____] Interest shall be designated as the “residual interest” in REMIC I.
For the purposes of the REMIC election in respect of REMIC II, the REMIC II Regular Interests shall be designated as the “regular interests” in REMIC II and the Class [____] Interest shall be designated as the “residual interest” in REMIC II.
The Class [__] Interest will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein).
The Trustee shall not permit the creation of any “interests” in each Trust REMIC (within the meaning of Section 860G of the Code) other than the REMIC I Regular Interests, REMIC II Regular Interests, Class [____] Interest and the interests represented by the Certificates.