Corridor Residual Owner definition

Corridor Residual Owner. As defined in Section 4.7(b).
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Corridor Residual Owner. As defined in Section 4.7(b). Cross-over Date: The Distribution Date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.
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Corridor Residual Owner. Citigroup and its successors and assigns.
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Examples of Corridor Residual Owner in a sentence

  • The Corridor Residual Owner shall be liable for any losses incurred on such investments.

  • The Corridor Residual Owner will own the residual interest in the Separate Interest Trust.

  • The Corridor Residual Owner will own the residual interest in the Reserve Fund.

  • The Corridor Residual Owner shall own the Reserve Fund for federal income tax purposes and the Corridor Residual Owner shall direct the Trustee, in writing, as to investment of amounts on deposit therein.

  • In the absence of written instructions from the Corridor Residual Owner as to investment of funds on deposit in the Reserve Fund, such funds shall be held uninvested.

  • Any earnings on amounts in the Reserve Fund shall be for the benefit of the Corridor Residual Owner.

  • The Corridor Residual Owner shall own the Corridor Reserve Fund for federal income tax purposes and the Corridor Residual Owner shall direct the Trustee, in writing, as to investment of amounts on deposit therein.

  • In the absence of written instructions from the Corridor Residual Owner as to investment of funds on deposit in the Corridor Reserve Fund, such funds shall be held uninvested.

  • Any earnings on amounts in the Corridor Reserve Fund shall be for the benefit of the Corridor Residual Owner.

  • The Trustee shall pay any amounts in excess of $1,000 remaining on deposit in the Corridor Reserve Fund after the foregoing distributions have been made to CHL, as the owner of the residual interest in the Corridor Reserve Fund (the "Corridor Residual Owner").

Related to Corridor Residual Owner

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Upper-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Upper-Tier REMIC and evidenced by the Class R Certificates.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Residual Ownership Interest Any record or beneficial interest in the Class R Certificates.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Lower-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Lower-Tier REMIC and evidenced by the Class R Certificates.

  • Residual Waste means low-level radioactive waste resulting from processing or decontamination activities that cannot be easily separated into distinct batches attributable to specific waste generators. This waste is attributable to the processor or decontamination facility, as applicable.

  • Residual Interests As specified in the Preliminary Statement.

  • Master REMIC As described in the Preliminary Statement.

  • Middle-Tier REMIC As described in the Preliminary Statement.

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • CCR means the California Code of Regulations.

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Operating Entity means an entity that operates and controls a portion of the bulk transmission system with the goal of ensuring reliable energy interchange between generators, loads, and other operating entities.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

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

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-X Certificate Any one of the Class R-X Certificates executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-R-X and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.

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

  • Residual means, with respect to any Lease, any right of the lessor or its assigns, as owner of the underlying Equipment, to realize value from the related Equipment after termination of the Lease, including the right of the owner of the Equipment to receive any proceeds from the sale, re-lease, continued use or other disposition of the Equipment after the termination of the Lease.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

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

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Lot Owner means a declarant or other person who owns a lot, or a lessee of a lot in a leasehold planned community whose lease expires simultaneously with any lease the expiration or termination of which will remove the lot from the planned community, but does not include a person having an interest in a lot solely as security for an obligation.

  • Co-Owner means a Person who owns an Ownership Interest and a Co-Owner of a Series means a Person who owns an Ownership Interest of the Series.