Class R-III Interest definition

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

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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 sole class of residual interests in REMIC III.

Examples of Class R-III Interest in a sentence

• 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 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.

• The Class A Certificates, the Mezzanine Certificates, the Class CE Interest, the Class P Interest and the Class Swap-IO Interest 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.

More Definitions of Class R-III Interest

Class R-III Interest. The uncertificated residual interest in REMIC III. CLOSING DATE: December 13, 2004.

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: March 11, 2005.

Class R-III Interest. The uncertificated residual interest in REMIC III. Closing Date: March 22, 2007. Code: The United States Internal Revenue Code of 1986, including any successor or amendatory provisions.

Class R-III Interest has no Class Principal Balance and no Pass-Through Rate. The Class R-III Interest is represented by the Class R2 Certificate. REMIC IV -------- INITIAL CLASS PRINCIPAL BALANCE OR INITIAL PASS-THROUGH RATE CLASS DESIGNATION NOTIONAL BALANCE (PER ANNUM) ----------------- -------------------- ------------------------- QA-1 $105,701,000(1) 3.5%(2) QA-1N $105,701,000(3) 3.6257%(4) QA-2 $104,998,000(5) 3.5%(6) QA-2N $104,998,000(7) 3.6257%(8) QA-3 $104,428,000(9) 3.5%(6) QA-3N $104,428,000(10) 3.6257%(8) QA-4 $44,884,203(11) 3.5%(6) QA-4N $44,884,203(12) 3.6257%(8) QA-5 $50,722,824(13) 3.5%(6) QA-5N $50,722,824(14) 3.6257%(8) QA-6 $22,000,000(15) 3.5%(6) QA-6N $22,000,000(16) 3.6257%(8) Q3N $432,734,027(17) 0%(18) Q4N NA(19) N/A(20) R-IV N/A(21) N/A(21) ------------------- (1) The Class Principal Balance of the Class QA-1 Interest is the Class A-1 Principal Balance. (2) The Pass-Through Rate of the Class QA-1 Interest is the lesser of (i) the Reduced Weighted Average Net Loan Rate and (ii) the lesser of the Class A-1 Pass-Through Rate (expressed on the basis of a 360 day year consisting of twelve 30-day months) and 3.5%.

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-III Interest. The uncertificated Residual Interest in REMIC III. CLOSING DATE: January 28, 2003. CO-TRUSTEE: BNY Western Trust Company, a California banking corporation, not in its individual capacity, but solely in its capacity as co-trustee for the benefit of the Certificateholders under this Agreement, and any successor thereto, and any corporation or national banking association resulting from or surviving any consolidation or merger to which it or its successors may be a party.