Class LR Certificate. A Certificate designated as "Class LR" on the face thereof, in the form of Exhibit A-27 hereto, evidencing the sole class of "residual interests" in the Lower-Tier REMIC for purposes of the REMIC Provisions.
Class LR Certificate. Any Certificate executed and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-14 hereto. The Class LR Certificates have no Pass-Through Rate, Certificate Principal Amount or Notional Amount.
Class LR Certificate. A Certificate designated as "Class [LR]" on the face thereof, in the form of Exhibit A-12 hereto.
Examples of Class LR Certificate in a sentence
Notwithstanding anything else to the contrary herein any purported transfer of a Class LR Certificate to or on behalf of an employee benefit plan subject to ERISA, the Code or Similar Law shall be void and of no effect.
Any distribution of the proceeds of any remaining assets of the Trust Fund will be made only upon presentment and surrender of this Class LR Certificate at the Corporate Trust Office of the Trust Administrator.
Exhibit D-LR Form of Class LR Certificate.............................
No transfer of any Class LR Certificate shall be made unless that transfer is made pursuant to an effective registration statement under the 1933 Act and effective registration or qualification under applicable state securities laws, or is made in a transaction which does not require such registration or qualification.
This Class [LR] Certificate is a "residual interest" in a "real estate mortgage investment conduit," as those terms are defined, respectively, in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.
More Definitions of Class LR Certificate
Class LR Certificate means any of the Certificates that collectively constitute the Class bearing the alphabetic class designation "LR."
Class LR Certificate. Any Residual Certificate designated as such in Article XII.
Class LR Certificate. A Certificate designated as an EQCC Home Equity Loan Asset Backed Certificate, Series 1999-1, Class LR Certificate and evidencing an interest designated as the "residual interest" in the Lower-Tier REMIC for purposes of the REMIC Provisions.
Class LR Certificate evidencing a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial, multifamily and manufactured housing community mortgage loans (the "Mortgage Loans"), all payments on or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee's rights under the Insurance Policies, any Assignment of Leases, and any guaranties, escrow accounts or other collateral as security for the Mortgage Loans, and such amounts as shall from time to time be held in the Certificate Account, the Distribution Accounts, the Interest Reserve Account, the Floating Rate Account, the Excess Interest Distribution Account, the Gain-on-Sale Reserve Account and the REO Accounts, formed and sold by J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2006-LDP7 THIS XXXXXXXXXXX XXXX NOT REPRESENT AN OBLIGATION OF OR INTEREST IN J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., THE MASTER SERVXXXXX, XXX SPECIAL SERVICER, THE TRUSTEE, THE PAYING AGENT OR ANY OF THEIR AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. THIS CERTIFIES THAT JPMORGAN CHASE BANK, NATIONAL ASSOCIATION is the registered owner of the interest evidenced by this Certificate in the Class LR Certificates issued by the Trust Fund created pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2006 (the "Pooling and Servicing Agreement"), among J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP. (hereinafter calxxx xxx "Xxpxxxxxr", which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Paying Agent, the Master Servicers and the Special Servicer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement. This Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the "Certificates") and representing the percentage interest in the Class of Certificates specified on the face hereof. The Certificates are designated as the J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2006-LDP7, COMMEXXXXX XXXXXAGE PASS-THROUGH CERTIFICATES, SERIES 2006-LDP7 and are issu...
Class LR Certificate. The residual interest in the Lower-Tier REMIC, represented by a Certificate designated as "Class LR" on the face thereof, in the form of Exhibit A-11 hereto.
Class LR Certificate. Any one of the Class LR Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B-5 and evidencing an interest designated as the "residual interest" in the Lower-Tier REMIC for purposes of the REMIC Provisions.