Recharacterized Class definition

Recharacterized Class has the meaning set forth in Section 11.12(c).
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Recharacterized Class has the meaning specified in Section 2.11(b) of the Trust Agreement.
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Examples of Recharacterized Class in a sentence

  • Each holder and, if different, each beneficial owner of a Residual Interest or Recharacterized Class, shall promptly provide the Issuer, Depositor and Administrator any requested information, documentation or material to enable the Issuer to make any of the elections described in this clause (d) and otherwise comply with the BBA Partnership Audit Rules.

  • This Section 3.2 will apply only if (i) the Certificates are held by more than one beneficial owner; (ii) the Certificates and the right to receive Reserve Account releases and/or other excess spread are held by persons that constitute more than one taxpayer for U.S. federal income tax purposes or (iii) any Recharacterized Class, as defined in Section 2.11 hereof, exists.

  • This Section 3.2 will apply only if either (or both) (i) the right to receive Reserve Account releases and/or other excess spread is held by more than one person for U.S. federal income tax purposes or (ii) any Recharacterized Class, as defined in Section 2.11 hereof, exists.

Related to Recharacterized Class

  • Restricted Classes As defined in Section 4.02(e).

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.

  • Affected Class has the meaning specified in Section 2.24(a).

  • Scheduled Classes As specified in the Preliminary Statement.

  • Class HI B-2 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HI: B-2 Formula Distribution Amount" and (b) the Unpaid Class HI: B-2 Interest Shortfall, if any.

  • Released Class Claims means the claims being released as described in Paragraph 6.2 below.

  • Subordinated Class means (a) with respect to the Class A Notes, the Class B Notes and the Class C Notes and (b) with respect to the Class B Notes, the Class C Notes.

  • Subclass With respect to the Class A-V Certificates, any Subclass thereof issued pursuant to Section 5.01(c). Any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the Class A-V Certificates pursuant to Section 5.01(c).

  • Class H designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Unimpaired Class means an unimpaired Class within the meaning of section 1124 of the Bankruptcy Code.

  • Settlement Classes means all Persons included in the Electrolytic Settlement Classes and the Film Settlement Classes.

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

  • Disallowed Claim means (a) a Claim, or any portion thereof, that has been disallowed by a Final Order or a settlement, (b) a Claim or any portion thereof that is Scheduled at zero or as contingent, disputed, or unliquidated and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law, or (c) a Claim or any portion thereof that is not Scheduled and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law.

  • Erroneous Payment Impacted Class has the meaning assigned thereto in Section 11.11(d).

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

  • Class when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

  • asset class means the category of the underlying interest of a derivative and includes, for greater certainty, interest rate, foreign exchange, credit, equity and commodity;

  • Class” or “Classes means any class or classes of Shares as may from time to time be issued by the Company;

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

  • Required Class Lenders means, with respect to any Class on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Class and (ii) the aggregate unused Commitments under such Facility.

  • Control Eligible Certificates Any of the Class E, Class F and Class G Certificates.