MR Interest definition
Examples of MR Interest in a sentence
The Master REMIC will consist of the Subsidiary REMIC Regular Interests and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Master REMIC) and the MR Interest as the single "residual interest" in the Master REMIC.
The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest.
The Class R Certificates initially will represent beneficial ownership of the SR Interest and the MR Interest.
If, as evidenced by an Opinion of Counsel, it is necessary to preserve the REMIC status of any of the Lower-Tier REMIC, the Middle-Tier REMIC or the Upper-Tier REMIC, the LR Interest, the MR Interest and the UR Interest shall be severed and represented by separate Certificates.
The Middle-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and will be evidenced by the Middle-Tier REMIC Regular Interests (which will represent the "regular interests" in the Middle Tier REMIC) and the MR Interest as the single "residual interest" in the Middle-Tier REMIC.
DocuSign Envelope ID: 77D3E674-4629-4797-B5ED-57FEE824C3D4 Grantee shall ensure the amount of the funds expended for all eligible project-related engineering services, including preliminary and final design plans and specifications, all interim and final inspections, and all special services, does not exceed the amount specified for Engineering in the Budget.
None of the LR Interest, the MR Interest or the UR Interest shall have a principal balance or bear interest.
The Class R Certificate initially will represent beneficial ownership of the LR Interest, the MR Interest and the UR Interest.
The MR Interest as the single "residual interest" in the Master REMIC.
If, as evidenced by an Opinion of Counsel, it is necessary to preserve the REMIC status of either REMIC Pool, the SR Interest and the MR Interest shall be severed and represented by separate Certificates.