RC Certificates definition

RC Certificates means the Definitive Residual Certificates, the Global Residual Certificates, or both, as the context may require;
Sample 1Sample 2Sample 3
RC Certificates means the Definitive Residual Certificates, the Global Residual Certificates, or both, as the context may require.
Sample 1Sample 2Sample 3

Examples of RC Certificates in a sentence

  • Any Fair Market Value Excess received in connection with the purchase of the Mortgage Loans and REO Properties will be distributed to the holders of the Class RC Certificates.

  • Except to the extent provided above with regard to allocating any Fair Market Value Excess to the holders of the Class RC Certificates, the proceeds of such a purchase or sale will be treated as a prepayment of the Mortgage Loans for purposes of distributions to Certificateholders.

  • The Class RC Certificates represent ownership of the sole class of residual interest in Pooling-Tier REMIC-1 for purposes of the REMIC Provisions.

  • The Class R and Class RC Certificates are Residual Certificates subject to Section 5.05(c) of the Standard Terms.

  • The Class RC Certificates shall represent ownership of the sole Class of residual interest in REMIC LT1.

  • Any amount remaining in the REMIC LT1 Distribution Account after making all other payments required under this Section 3.01(d) shall be distributed to the holder of the Class RC Certificates.

  • The Class R Certificates represent ownership of the sole class of residual interest in the Upper-Tier REMIC, the Class RC Certificates represent ownership of the sole class of residual interest in the Lower-Tier REMIC and the Class RX Certificates represent ownership of the sole class of residual interest in the Class X REMIC for purposes of the REMIC Provisions.

  • The Class R Certificates represent ownership of the sole class of residual interest in the Upper-Tier REMIC, the Class RC Certificates represent ownership of the sole class of residual interest in the Lower-Tier REMIC and the Middle-Tier REMIC, and the Class RX Certificates represent ownership of the sole class of residual interest in the Class X REMIC for purposes of the REMIC Provisions.

  • The Class RC Certificates will represent ownership of the Class R-2 Interest and will be issued as a single certificate in definitive form in a principal amount of $100 and shall have no interest rate.

  • The Class RC Certificates are hereby designated as the sole class of residual interest in Pooling-Tier REMIC-1.