Combined VRR Interest Owner definition

Combined VRR Interest Owner. Any Holder of a Class VRR Certificate or the Uncertificated VRR Interest Owner.
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Combined VRR Interest Owner. Any Holder of a Class VRR Certificate (if issued) or the Uncertificated VRR Interest Owner. For avoidance of doubt, neither the Class VRR Certificates nor the Uncertificated VRR Interest will be issued under this Agreement and, accordingly, there will be no Combined VRR Interest Owner and all references to “Combined VRR Interest Owner” in this Agreement shall be disregarded.
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Examples of Combined VRR Interest Owner in a sentence

  • Following the distribution of Excess Interest to the Holders of the Excess Interest Certificates and the Combined VRR Interest Owner on the first Distribution Date after which there are no longer any ARD Mortgage Loans outstanding, the Certificate Administrator may terminate the Excess Interest Distribution Account.

Related to Combined VRR Interest Owner

  • Interest Holder means any Person who holds an Interest, whether as a Member or as an unadmitted assignee of a Member.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Percentage Interest means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.