Class LT-R Interest definition

Class LT-R Interest. The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

Class LT-R Interest. The residual interest in the Lower-Tier REMIC. The Class LT-R Interest will be represented by the Class R Certificates.

Class LT-R Interest. As described in the Preliminary Statement.

Examples of Class LT-R Interest in a sentence

• The Class LTR Interest shall not have a principal balance or bear interest.

• The Class LT-R Interest will constitute the sole Class of “residual interests” in the Lower-Tier REMIC created hereunder and will be evidenced by the Class R Certificates.

• The Class R Certificate will represent beneficial ownership of the Class LTR Interest and the Residual Interest.

• The beneficial ownership of the Class LTR Interest and the Residual Interest shall be represented by the Class R Certificate.

• The Lower Tier REMIC shall issue the Lower Tier REMIC Regular Interests, which shall be designated as regular interests of such REMIC and shall issue the Class LTR Interest, which shall be designated as the sole class of residual interest in the Lower Tier REMIC.

More Definitions of Class LT-R Interest

Class LT-R Interest. The sole class of "residual interest" in the Lower Tier REMIC evidenced by the Class R Certificates.

Class LT-R Interest. The sole residual interest in the Lower-Tier REMIC.

Class LT-R Interest. The sole residual interest in the Lower Tier REMIC.

Class LT-R Interest. The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement.

Class LT-R Interest. Not applicable.

Class LT-R Interest. The sole class of "residual interest" in the Lower Tier REMIC, as described in the Preliminary Statement and in Section 2.07.

Class LT-R Interest. The sole residual interest in the Lower Tier REMIC. Class MT-R Interest: The sole residual interest in the Middle Tier REMIC.