Class R Certificateholder definition

Class R Certificateholder. The registered Holder of the Class R Certificate.

Class R Certificateholder means the Person in whose name the Class R Certificate is registered.

Class R Certificateholder. The Holder of a Residual Certificate. Closing Date: June 29, 1998.

Examples of Class R Certificateholder in a sentence

• Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately available funds for the account of each Class R Certificateholder, or by any other means of payment acceptable to each Class R Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register.

• If within nine months after the second notice all the Certificates shall not have been surrendered for cancellation, the Class R Certificateholder shall be entitled to all unclaimed funds and other assets which remain subject hereto, and the Trustee upon transfer of such funds shall be discharged of any responsibility for such funds, and the Certificateholders shall look to the Class R Certificateholder for payment.

• Any gain on foreclosure or other conversion of a Liquidated Loan shall be distributed to the Class R Certificateholder, but only to the extent that such gain is not necessary to make distributions to the Certificateholders of the other Classes of Certificates.

• If within one year after the second notice all Certificates shall not have been surrendered for cancellation, the Class R Certificateholder shall be entitled to all unclaimed funds and other assets of the Trust Fund that remain subject hereto.

• Each Class R Certificateholder shall designate the Servicer, if permitted by the Code and applicable law, to act as "tax matters person" for the related REMIC Pool within the meaning of Treasury regulations Section 1.860F-4(d), and the Servicer is hereby designated as agent of each Class R Certificateholder for such purpose (or if the Servicer is not so permitted, the Holder of the related Class R Certificate shall be the tax matters person in accordance with the REMIC Provisions).

More Definitions of Class R Certificateholder

Class R Certificateholder or "Holder" shall mean the person in whose name a Certificate is registered on the Certificate Register.

Class R Certificateholder. A Holder of a Class R Certificate. Closing Date: [ ]. Code: The Internal Revenue Code of 1986, as the same may be amended from time to time (or any successor statute thereto).

Class R Certificateholder. The registered Holder of the Class R Certificate. CLOSING DATE: June 25, 1998, which is the date of settlement of the sale of the Certificates to the initial purchasers thereof. CODE: The Internal Revenue Code of 1986, as amended.

Class R Certificateholder. A Holder of a Class R Certificate. CLOSING DATE: September 27, 1996.

Class R Certificateholder. The Servicer shall be responsible for all other costs and expenses incurred by it in any such proceedings; provided, however, that it shall be entitled to reimbursement thereof (as well as any Servicing Fees and other amounts due it, if any), to the extent, but only to the extent, that withdrawals from the Custodial Account for P&I with respect thereto are permitted under Section 3.3. Within 30 days after receipt of Liquidation Proceeds in respect of a Liquidated Loan, the Servicer shall provide to the Trustee a statement of accounting for the related Liquidated Loan, including without limitation (i) the Loan number, (ii) the date the Loan was acquired in foreclosure or deed in lieu, and the date the Loan became a Liquidated Loan, (iii) the gross sales price and the related selling and other expenses, (iv) accrued interest calculated from the foreclosure date to the liquidation date, and (v) such other information as the Trustee may reasonably specify.

Class R Certificateholder. The registered Holder of the Class R Certificate. CLASS A-12 LIQUIDATION AMOUNT: Is the aggregate, for each Loan which became a Liquidated Loan during the calendar month preceding the month of the Distribution Date, of the lesser of (i) the Class A-12 Percentage of the principal balance of such Loan (exclusive of the Discount Fraction thereof, if applicable) and (ii) either (a) on any Distribution Date occurring prior to November 2003, the Class A-12 Percentage and (b) on any Distribution Date occurring in or after November 2003, the Class A-12 Prepayment Percentage, in each case, of the Liquidation Principal with respect to such Loan.

Class R Certificateholder. Holder of a Class R-I, Class R-II Certificate or Class R-III.