Class R-I Interest definition

Class R-I Interest. The uncertificated Residual Interest in REMIC I.

Class R-I Interest. The Residual Interest in REMIC I for the purposes of the REMIC Provisions.

Class R-I Interest. The "residual interest" (as defined in Code Section 860(a)(2)) in REMIC I, the beneficial interest in which is represented by the Class R Certificates.

Examples of Class R-I Interest in a sentence

• 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 R-I Interest shall be designated as the Residual Interest in REMIC I.

• The interests evidenced by the Class R-I Interest, together with the REMIC I Regular Interests, constitute the entire beneficial ownership interest in REMIC I.

• The Class R-I Interest will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein).

• 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 R-I Interest shall be designated as the Residual Interests in REMIC I.

• Issuance of the REMIC I Regular Interests and the Class R-I Interest.

More Definitions of Class R-I Interest

Class R-I Interest means the uncertificated interest designated as the "residual interest" in the Subsidiary REMIC for purposes of the REMIC Provisions.

Class R-I Interest means the interest designated as the "residual interest" in the Subsidiary REMIC for purposes of the REMIC Provisions.

Class R-I Interest the sole class of "residual interests" in REMIC I.

Class R-I Interest. The uncertificated Residual Interest in REMIC I. “Class R-II Interest”: The uncertificated Residual Interest in REMIC II. “Class R-III Interest”: The uncertificated Residual Interest in REMIC III. “Class R-IV Interest”: The uncertificated Residual Interest in REMIC IV. “Class R-V Interest”: The uncertificated Residual Interest in REMIC V. “Class R-VI Interest”: The uncertificated Residual Interest in REMIC VI.

Class R-I Interest has no Class Principal Balance and no Pass-Through Rate. The Class R-I Interest is represented by the Class R1 Certificate. REMIC II -------- INITIAL CLASS PRINCIPAL BALANCE OR INITIAL PASS-THROUGH RATE CLASS DESIGNATION NOTIONAL BALANCE (PER ANNUM) ----------------- -------------------- ------------------------- M1 $424,079,346.46(1) 7.1257%(2) M1N $424,079,346.46(3) 0%(4) M2 $4,327,340.27(5) 7.1257%(2) M2N $4,327,340.27(6) 0%(4) M3 $4,327,340.27(7) 7.1257%(2) M3N $4,327,340.27(8) 0%(4) M4N $432,734,027(9) 1.93%(10) R-II N/A(11) N/A(11) ------------------- (1) The Class Principal Balance of the Class M1 Interest is 98% of the Aggregate Principal Balance. (2) The Pass-Through Rate of the Class M1, Class M2 and Class M3 Interests is the REMIC II Weighted Average Rate.

Class R-I Interest means the residual interest in REMIC I represented by the Class R1 Certificate.

Class R-I Interest. The uncertificated residual interest in REMIC I. “Class R-II Interest”: The uncertificated residual interest in REMIC II. “Class R-III Interest”: The uncertificated residual interest in REMIC III. “Closing Date”: April 15, 2007.