Residual Bond definition

Residual Bond. With respect to any Series, as defined in the related Series Supplement.
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Residual Bond means a residual bond issued pursuant to a mortgage-backed security transaction underwritten by Greenwich Capital Markets, Inc., that the Buyer can value using Buyer’s customary valuation models.
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Residual Bond means a Bond evidencing the Residual Interest.
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Examples of Residual Bond in a sentence

  • The Trustee shall not authenticate and deliver a Residual Bond in connection with any transfer thereof unless the transferor shall have provided to the Trustee an affidavit, substantially in the form attached as Exhibit B to the related Series Supplement, signed by the transferee.

  • The affidavit described in the preceding paragraph, if not executed in connection with the initial issuance of the Residual Bonds of any relevant Series, shall be accompanied by a written statement in the form attached as Exhibit E to the related Series Supplement, signed by the transferor of any such Residual Bond.

  • Administration recommended the project budgets be closed with balances reallocated to the Residual Bond Fund.

  • As discussed in previous communication, the Board will need to approve the reallocation of$4,441.43 from the Residual Bond Fund to cover this COP and the resulting final change order of $35,622.80 on NCC’s contract to complete the wastewater project.

  • Director Gustafson moved to approve Change Order #5 and the reallocation of $4,441.43 from the Residual Bond Fund to the WWTS-Lift Station budget as presented.

  • Dr.Rabenhorst noted that there is no specific timeline in which the money needs to be used.Director Haffner moved to approve the 2016 Bond Project Budget Closures for the Hudson Campus Development and the Wastewater Treatment Facility as presented and a reallocation to the Residual Bond fund in the amount of $521,210.11.

  • Two bond projects have remained open since the Residual Bond fund was created: The Wastewater Treatment Facility (WWTF) and the Hudson Campus Development project.

  • Cash from Principal and Interest Cash from Hedge Payments (if applicable) Class-B M Certificates (Residual Bond Interest) Guarantee and Liquidity Fee (if applicable) Hedge Fee Escrow (if applicable) Remarketing Agent Fee (if applicable) Servicing Fee (if applicable) Reimbursement to Freddie Mac (-f applicable) Class-A M Certificates (Principal and Interest) Tax-Exempt Bonds Note: The most common structure has been detailed above.

  • The Developer has requested to post the Residual Bond in amount of $116,765 order to record PH 4.

  • The Bonds issued to purchase the Fund’s right, title, and interest in the Residual Bond are obligations of the Corporation payable solely from, and secured by, the payments received under the Residual Bond.".

Related to Residual Bond

  • Residual Certificates As specified in the Preliminary Statement.

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • Mortgage Interest Rate For any Mortgage Loan, the per annum rate at which interest accrues on such Mortgage Loan pursuant to the terms of the related Mortgage Note.

  • Residual Funding Facility means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to the Company or any Restricted Subsidiary secured by Residual Interests.

  • Residual Receipts means for each calendar year, the amount by which Gross Revenue exceeds Annual Operating Expenses.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Residual Interests As specified in the Preliminary Statement.

  • Residual means, with respect to any Lease, any right of the lessor or its assigns, as owner of the underlying Equipment, to realize value from the related Equipment after termination of the Lease, including the right of the owner of the Equipment to receive any proceeds from the sale, re-lease, continued use or other disposition of the Equipment after the termination of the Lease.

  • Minimum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased on any Adjustment Date.

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • Class R Certificateholder A Holder of a Class R Certificate.

  • Upper-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Upper-Tier REMIC and evidenced by the Class R Certificates.

  • Lower-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Lower-Tier REMIC and evidenced by the Class R Certificates.

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • COFI Certificates As specified in the Preliminary Statement.

  • Mortgage Interest Rate Cap With respect to an Adjustable Rate Mortgage Loan, the limit on each Mortgage Interest Rate adjustment as set forth in the related Mortgage Note.

  • Class R Certificates All Certificates bearing the class designation of "Class R".

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

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

  • Class R-II Certificate Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.

  • Residual Certificate The Class R Certificate.