HRR Interest definition

HRR Interest. Collectively, Class J-RR and Class K-RR Certificates, which are purchased for cash by the Third Party Purchaser from the Initial Purchasers on the Closing Date.
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HRR Interest. Collectively, the Class E, Class F and Class G Certificates, which are purchased for cash by the Third Party Purchaser from the Initial Purchasers on the Closing Date.
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HRR Interest. The Class HRR Certificates (as a collective whole), which are purchased for cash by the Third Party Purchaser from the Initial Purchasers on the Closing Date.
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Examples of HRR Interest in a sentence

  • The Certificate Administrator shall hold each Risk Retention Certificate in safekeeping and shall release the same only upon receipt of a written direction signed by each of the Depositor (except in the case of the HRR Interest), the Retaining Sponsor and the Holder of such Certificate, and in accordance with any authentication procedures as may be utilized by the Certificate Administrator and in accordance with this Agreement.

  • During the HRR Interest Transfer Restriction Period, unless the Retaining Sponsor and the Depositor otherwise consent in writing, the Certificate Administrator shall not permit any Person to copy (other than for internal purposes), and shall not itself provide to any Person copies of, the executed Credit Risk Retention Certificates held by it in the Credit Risk Retention Certificate Safekeeping Account.

  • During the HRR Interest Transfer Restriction Period and for such longer time as the related Retaining Party may request, the Certificate Administrator shall hold each individual Credit Risk Retention Certificate at the below location, or any other location; provided the Certificate Administrator has given notice to each of the Retaining Parties of such new location: Computershare Trust Company, National Association Attn: Security Control and Transfer (SCAT) 000 X.

  • In no event shall a Credit Risk Retention Certificate be held as a Global Certificate during the HRR Interest Transfer Restriction Period.

  • Under Regulation RR, if the Retaining Sponsor transfers the HRR Interest to a Subsequent Third Party Purchaser, such Subsequent Third Party Purchaser and any Loan-Specific Third Party Purchaser is prohibited from being Risk Retention Affiliated with, among other persons, the Master Servicer, the Trustee, the Certificate Administrator, the Operating Advisor or the Asset Representations Reviewer.

  • The Certificate Administrator shall hold each Risk Retention Certificate in safekeeping and shall release the same only upon receipt of a written direction signed by each of the Depositor (except in the case of the HRR Interest), the Retaining Sponsor or the Woodfield Mall Retaining Sponsor, as applicable, and the Holder of such Trust Certificate, and in accordance with any authentication procedures as may be utilized by the Certificate Administrator and in accordance with this Agreement.


More Definitions of HRR Interest

HRR Interest. Collectively, the Class F-RR, Class XFRR, Class G-RR, Class XGRR, Class J-RR and Class XJRR Certificates, which are purchased for cash by the Third Party Purchaser from the Initial Purchasers on the Closing Date.
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Related to HRR Interest

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

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

  • Lower Tier Interest As described in the Preliminary Statement.

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

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

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

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

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

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

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

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

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

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Uncertificated Lower-Tier Interest A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest and Class 4-LS Interest are Uncertificated Lower-Tier Interests.

  • Water interest means any right to the beneficial use of water, including:

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Class R-5 Interest The uncertificated Residual Interest in REMIC 5.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

  • REMIC III Certificate Any Regular Certificate or Class R Certificate.