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 Bond evidencing the Residual Interest.
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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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Examples of Residual Bond in a sentence

  • 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.

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

  • 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.

  • 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.

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

  • This subtitle shall expire on September 30, 2001 if the Bonds (other than the Residual Bond) are not sold and issued.

  • Strike the phrase "Purchase Agreement" and insert the phrase "Purchase Agreement or the Residual Bond Purchase Agreement" wherever it appears.

  • Add at the end of the subparagraph the following 2 sentences: "Commencing in fiscal year 2006, 100% of the residual (unless the Residual Bond has been sold) and 100% of the annual savings from debt defeasance and prepayment shall be transferred to the General Fund.

  • Unless the Residual Bond has been sold by the Fund, the Council may direct all or a portion of the residual to be transferred to the Fund.".

  • Strike the phrase "by the District), issuing" and insert the phrase "by the District and the Residual Bond, issuing" in its place.

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 The annual rate of interest borne on a 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 Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.

  • 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).

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • 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 B Certificateholder The registered holder of a Class B Certificate.

  • 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.