Examples of HRR Certificates in a sentence
The Upper-Tier REMIC will hold the Lower-Tier Regular Interests and will issue the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class A-BP, Class X-A, Class X-BP, Class X-B, Class A-S, Class B, Class C, Class D, Class X-D, Class E-RR, Class F-RR, Class G-RR and Class H-RR Certificates, representing the “regular interests” in the Upper-Tier REMIC created hereunder.
This Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”) and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of the Class H-RR Certificates.
An economic interest in the credit risk of the Trust Loan is expected to be retained pursuant to the U.S. Credit Risk Retention Rules as an “eligible horizontal residual interest” (as defined in the U.S. Credit Risk Retention Rules) in the form of the Class HRR Certificates.
Subject to the terms of the Pooling and Servicing Agreement, the Class H-RR Certificates will be issued in fully registered, certificate form in minimum denominations of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such Class.
The Class HRR Certificates that the Third Party Purchaser is purchasing are collectively referred to in this Agreement as the “HRR Interest”.
CREFI will act as “retaining sponsor” under, and as defined in, the U.S. Credit Risk Retention Rules and is expected to satisfy its risk retention requirements through the purchase and retention of the Class HRR Certificates by a “third party purchaser” under, and as defined in, the U.S. Credit Risk Retention Rules.
Dated: March 17, 2022 COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, not in its individual capacity but solely as Certificate Administrator By: Authorized Officer Certificate of Authentication This is one of the Class HRR Certificates referred to in the Trust and Servicing Agreement.
Consistent with the foregoing, the Third Party Purchaser is purchasing from the Initial Purchasers on the Closing Date for cash the Class HRR Certificates in the Initial Certificate Balance of $16,500,000.
Also issued under the Trust and Servicing Agreement are the Class A, Class X, Class B, Class C, Class D and Class R Certificates (collectively, with the Class HRR Certificates, the “Certificates”; the Holders of Certificates issued under the Trust and Servicing Agreement are collectively referred to herein as “Certificateholders”).
Also issued under the Trust and Servicing Agreement are the Class A, Class X, Class B, Class C, Class D and Class HRR Certificates (collectively, with the Class R Certificates, the “Certificates”; the Holders of Certificates issued under the Trust and Servicing Agreement are collectively referred to herein as “Certificateholders”).