Class R-III Interest definition

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

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

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

Examples of Class R-III Interest in a sentence

• In addition, with respect to each Class R Certificate, the holder thereof may exchange, in the manner described above, such Class R Certificate for three separate certificates, each representing such holder's respective Percentage Interest in the Class R-I Interest, the Class R-II Interest and the Class R-III Interest, respectively, in each case that was evidenced by the Class R Certificate being exchanged.

• The Class CE Certificates shall be designated as the Regular Interests in REMIC III and the Class R-III Interest shall be designated as the Residual Interest in REMIC III.

• The CE Certificates shall be designated as the Regular Interests in REMIC III and the Class R-III Interest shall be designated as the Residual Interest in REMIC III.

• The Class R Certificates evidence ownership in the Class R-I Interest, the Class R-II Interest and the Class R-III Interest.

• As provided herein, the Securities Administrator will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC III.” The Class R-III Interest will evidence the sole class of “residual interests” in REMIC III for purposes of the REMIC Provisions.

More Definitions of Class R-III Interest

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

Class R-III Interest. The uncertificated Residual Interest in REMIC III. CLOSING DATE: June 25, 2004.

Class R-III Interest. The sole class of "residual interests" in REMIC III.

Class R-III Interest. The uncertificated Residual Interest in REMIC III. Closing Date: March 9, 2007. Code: The Internal Revenue Code of 1986 (or any successor statute thereto) and the rules and regulations promulgated thereunder, as the same may be amended from time to time.

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

Class R-III Interest. The uncertificated Residual Interest in REMIC III. "Class S Certificates": Any one of the Class S Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-11 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

Class R-III Interest the sole class of "residual interests" in REMIC III. CLOSING DATE: October 29, 2004.