RR Interest definition

RR Interest. The VRR Interest and the HRR Interest, collectively.

RR Interest. The VRR Interest, the respective Classes of the Class V-A/B/C/D/E Certificates and the HRR Interest, collectively.

RR Interest. Collectively, the Certificates described in the following table (as such Certificates may be exchanged as provided for in Section 5.8): Class A $ 4,318,000 Class X $ 6,370,000 Class B $ 677,000 Class C $ 1,375,000 Class D $ 1,635,000 Class E $ 2,350,000 Class F $ 1,145,000

Examples of RR Interest in a sentence

• The purchase price for the Mortgage Loans shall be a combination of (i) the portion of the RR Interest transferred to the Mortgage Loan Seller pursuant to the RR Interest Transfer Agreement and (ii) a cash amount set forth on the cross receipt between the Mortgage Loan Seller and the Purchaser dated the Closing Date (which price reflects no deduction for any transaction expenses for which the Mortgage Loan Seller is responsible).

• In no event shall a Risk Retention Certificate be held as a Global Certificate during the RR Interest Transfer Restriction Period.

• The Mortgage Loan Seller hereby directs the Purchaser to transfer the portion of the RR Interest referenced above directly to MSBNA.

• The purchase price for the Mortgage Loans shall be a combination of (i) the portion of the RR Interest transferred to MSBNA pursuant to the RR Interest Transfer Agreement and (ii) a cash amount set forth on the cross receipt between the Mortgage Loan Seller and the Purchaser dated the Closing Date (which price reflects no deduction for any transaction expenses for which the Mortgage Loan Seller is responsible).

• During the RR Interest Transfer Restriction Period, unless the Retaining Sponsor and the Depositor otherwise consent in writing, the Certificate Administrator shall not permit any Person to copy (other than for internal purposes), and shall not itself provide to any Person copies of, the executed Risk Retention Certificates held by it in the Retained Interest Safekeeping Account.

More Definitions of RR Interest

RR Interest. A Certificate executed and authenticated by the Certificate Administrator in substantially the form set forth in Exhibit A-7 hereto and designated as an “RR Interest”.

RR Interest. A Certificate (or all Certificates, as the context may require) designated as “RR Interest” on the face thereof, in the form of Exhibit A-4 hereto, and evidencing (i) a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions and (ii) beneficial ownership of the RR Interest Specific Grantor Trust Assets.

RR Interest. The VRR Interest, the HRR Interest and the Class 805H Certificates, collectively.

RR Interest. The Sabal VRR Interest Portion, the Uncertificated VRR Interest, the 111RR Interest and the 360RR Interest, collectively.

RR Interest. The HRR Interest.

RR Interest. The HRR Interest, any Combined VRR Interest, any Loan-Specific HRR Interest and any Loan-Specific VRR Interest, collectively.

RR Interest. Collectively, the Class E-RR, Class F-RR, Class G-RR, Class H-RR and Class J-RR Certificates, which are purchased for cash by the Third Party Purchaser from the Initial Purchasers on the Closing Date.