Residual Interest Holder definition

Residual Interest Holder. Any holder of a Residual Certificate or Uncertificated Interest.
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Residual Interest Holder means, individually and collectively, the Person or Persons in whose name(s) the Residual Interest shall be registered in the Residual Interest Register.
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Residual Interest Holder and "Certificateholders". Notes, interests in the Residual Interest and Certificates so owned by or pledged to the Transferor or such controlling or commonly controlled Person shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority, or distinction as among all of the Notes, the Residual Interest or the Certificates.
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Examples of Residual Interest Holder in a sentence

  • If any purported transferee shall become a registered Residual Interest Holder in violation of the provisions of this Section 3.03(f), then upon receipt of written notice to the Certificate Registrar that the registration of transfer of such Residual Interest was not in fact permitted by this Section 3.03(f), the last preceding Permitted Transferee shall be restored to all rights as Holder thereof retroactive to the date of such registration of transfer of such Residual Interest.

  • To the extent that such taxes are not paid by a Residual Interest Holder, the Trustee or the Paying Agent shall pay any remaining REMIC taxes out of current or future amounts otherwise distributable to the Residual Interest Holder in any such REMIC or, if no such amounts are available, out of other amounts held in the Distribution Account, and shall reduce amounts otherwise payable to holders of regular interests in any such REMIC, as the case may be.

  • Because Schedule Q (Form 1066) is a quarterly statement, the corporation must follow the Schedule Q (Form 1066) Instructions for Residual Interest Holder to figure the amounts to report to shareholders for the corporation’s tax year.Line 5—Net Gain (Loss) Under Section 1231 (Other Than Due to Casualty or Theft)Enter the gain (loss) under section 1231 shown on line 8 of Form 4797.

  • If you hold a REMIC residual interest, you should receive Schedule Q (Form 1066), Quarterly Notice to Residual Interest Holder of REMIC Taxable Income or Net Loss Allocation, and instructions from the REMIC each quarter.

  • No transfer by operation of law or otherwise of any interest of the Owner or the Residual Interest Holder shall operate to terminate this Agreement or the Trust hereunder or entitle any transferee to any accounting or to the transfer to it of any part of the Trust Estate.

  • If you hold a RE- MIC residual interest, you should receive Schedule Q (Form 1066), Quarterly Notice to Residual Interest Holder of REMIC Taxable In- come or Net Loss Allocation, and instructions from the REMIC each quarter.

  • Neither the Owner nor the Residual Interest Holder shall have legal title to any part of the Trust Estate or any interest in specific property comprising the Trust Estate.

  • No creditor of the Owner or the Residual Interest Holder shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to any property of the Trust.

  • The Class B-2 Certificateholder shall set as the "tax matters partner" (within the meaning of Section 6231(a)(7) of the Code) with respect to the Master Trust Fund and the Subsidiary Residual Interest Holder shall act as the "tax matters partner" of the Subsidiary Trust Fund.

  • Estimated contractual adjustments under third-party reimbursement programs represent the difference between the System’s billings at standard rates and amounts reimbursed by third-party payors.


More Definitions of Residual Interest Holder

Residual Interest Holder refers to those Persons or entities set forth on Schedule A below the heading “Residual Interest Holder.” For purposes of determining the Call Per Share Price and the Select Call Per Share Price, Residual Interest Holders are deemed to own that number of shares of Common Stock set forth opposite their name on Schedule A.
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Residual Interest Holder means Contingent Settlements I, LLC.
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Residual Interest Holder. Except as otherwise provided in the related Terms Indenture, with respect to any Series for which an election has been made or will be made to treat the Issuer or Trust Estate securing the Series as a REMIC, the owner or assignee of a Residual Interest or an undivided interest in the Residual Interest, provided however, that with respect to any Series for which an election has been made or will be made to treat the Issuer or Trust Estate securing the Series as a REMIC, a Residual Interest Holder must be a Permitted Transferee.
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Related to Residual Interest Holder

  • 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.

  • 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 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).

  • Residual Interests As specified in the Preliminary Statement.

  • 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.

  • 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.

  • Interest Holder means any Person who holds an Interest, whether as a Member or as an unadmitted assignee of a Member.

  • Certificateholder only the Person in whose name a Certificate is registered in the Certificate Register.

  • Collateral Interest Holder means the entity so designated in the Loan Agreement.

  • Class R Certificateholder The registered Holder of the Class R Certificate.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

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

  • Class A-R Certificateholder The registered holder of the Class A-R Certificate.

  • Trust Beneficial Owner means Global Funding, in its capacity as the sole beneficial owner of the Trust, and its successors.

  • Investor Certificateholder means the holder of record of an Investor Certificate.

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

  • Junior Certificateholder The Holder of not less than 95% of the Percentage Interests of the Junior Class of Certificates.

  • Controlling Class Certificateholder Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class as determined by the Certificate Administrator from time to time.

  • Class D Certificateholder Has the meaning specified in Section 4.01(b)(iv) of this Trust Supplement.

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

  • Class B Holder means the Person in whose name a Class B Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Class B Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an Authorized Officer of Trustee to be an Affiliate of the Transferor or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained.

  • Trust Certificateholder means the Person in whose name a Trust Certificate is registered on the Certificate Register.

  • Holder or Certificateholder The registered owner of any Certificate as recorded on the books of the Certificate Registrar except that, solely for the purposes of taking any action or giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor, the Trustee, the Master Servicer, any Servicer or any Affiliate thereof shall be deemed not to be outstanding in determining whether the requisite percentage necessary to effect any such consent has been obtained, except that, in determining whether the Trustee shall be protected in relying upon any such consent, only Certificates which a Responsible Officer of the Trustee knows to be so owned shall be disregarded. The Trustee may request and conclusively rely on certifications by the Depositor, the Master Servicer and any Servicer in determining whether any Certificates are registered to an Affiliate of the Depositor, the Master Servicer or such Servicer.

  • Class A-1 Certificateholder The registered holder of a Class A-1 Certificate.