Class M-5 Interest definition

Class M-5 Interest. An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class M-5 Certificates, evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.
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Examples of Class M-5 Interest in a sentence

  • With respect to any distributions to be made on the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class CE Certificates or the Class P Certificates pursuant to Section 4.01(a)(2), (3) or (4) such distributions will be made first, on the Class M-3 Interest, the Class M-4 Interest, the Class M-5 Interest, the Class CE Interest or the Class P Interest, as applicable, and then, on the related Class of Certificates.

  • On the Closing Date, the Depositor shall deposit into the Class M Interest Reserve Fund an amount equal to the sum of the Class M-4 Interest Reserve Fund Amount, the Class M-5 Interest Reserve Fund Amount, the Class M-6 Interest Reserve Fund Amount and the Class M-7 Interest Reserve Fund Amount.

  • The Class A Certificates, the Class M-1 Certificates, the Class M-2 Interest, the Class M-3 Interest, the Class M-4 Interest, the Class M-5 Interest, the Class CE 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 Trustee acknowledges the assignment to it of the Class M-2 Interest, Class M-3 Interest, Class M-4 Interest, Class M-5 Interest, Class CE Interest and Class P Interest and, concurrently therewith and in exchange therefor, pursuant to the written request of the Depositor executed by an officer of the Depositor or the Trustee has executed, authenticated and delivered to or upon the order of the Depositor, the Class R-X Certificates in authorized denominations.

  • The Trustee acknowledges the assignment to it of the Class M-5 Interest and, concurrently therewith and in exchange therefor, pursuant to the written request of the Depositor executed by an officer of the Depositor has executed, authenticated and delivered to or upon the order of the Depositor, the Class R-IV Certificates in authorized denominations.

  • The Class M5 Interest in the Master REMIC shall constitute the assets of R-X REMIC 3.

  • Conveyance of the Class M-5 Interest; Acceptance of REMIC IV by the Trustee....................................-55- SECTION 2.11.

  • Acceptance of REMIC 1 and REMIC 2 by the Trustee; Conveyance of REMIC I Regular Interests and Class M-5 Interest; Issuance of Certificates...................................................................................56 ARTICLE III ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS SECTION 3.01.

  • The interests evidenced by the Class R-2 Interest, together with the Regular Certificates (other than the Class M-3, Class M-4A, and Class M-5A Certificates) and the Class M-5 Interest, constitute the entire beneficial ownership interest in REMIC 2.

  • The Class A Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates (exclusive of any right to receive payments from the Net WAC Rate Carryover Account), the Class M-4 Interest, the Class M-5 Interest, the Class M-6 Interest, the Class M-7 Interest, the Class CE 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.