The Class. X REMIC shall hold as an asset the Class UT-X Interest issued by the Upper Tier REMIC, the Class X Regular Interest shall represent the regular interest issued by the Class X REMIC and the Class X-R Interest shall represent the sole class residual interest in the Class X REMIC. The Class X Certificates also represent beneficial ownership of the Class X Regular Interest, the Excess Reserve Fund Account and the Corridor Agreements. Each LIBOR Certificate represents a beneficial ownership of a regular interest in a Trust REMIC and the right to receive Basis Risk Carry Forward Amounts, and the Class P Certificates represent beneficial ownership of Prepayment Premiums, which portions of the Trust Fund shall be treated as a grantor trust. Lower-Tier REMIC Corresponding Upper Tier Lower Tier Lower Tier REMIC Regular Regular Interest Interest Rate Initial Lower Tier Principal Amount Interest ------------------- ------------- ---------------------------------------- ------------- Class LT-A-1 (1) 1/2 initial Class Certificate Balance of A-1 Corresponding Upper Tier REMIC Regular Interest Class LT-A-2 (1) 1/2 initial Class Certificate Balance of A-2 Corresponding Upper Tier REMIC Regular Interest Class LT-A-3 (1) 1/2 initial Class Certificate Balance of A-3 Corresponding Upper Tier REMIC Regular Interest Class LT-A-4 (1) 1/2 initial Class Certificate Balance of A-4 Corresponding Upper Tier REMIC Regular Interest Class LT-M-1 (1) 1/2 initial Class Certificate Balance of M-1 Corresponding Upper Tier REMIC Regular Interest Class LT-M-2 (1) 1/2 initial Class Certificate Balance of M-2 Corresponding Upper Tier REMIC Regular Interest Class LT-M-3 (1) 1/2 initial Class Certificate Balance of M-3 Corresponding Upper Tier REMIC Regular Interest Class LT-M-4 (1) 1/2 initial Class Certificate Balance of M-4 Corresponding Upper Tier REMIC Regular Interest Class LT-M-5 (1) 1/2 initial Class Certificate Balance of M-5 Corresponding Upper Tier REMIC Regular Interest Class LT-M-6 (1) 1/2 initial Class Certificate Balance of M-6 Corresponding Upper Tier REMIC Regular Interest Class LT-B-1 (1) 1/2 initial Class Certificate Balance of B-1 Corresponding Upper Tier REMIC Regular Interest Class LT-B-2 (1) 1/2 initial Class Certificate Balance of B-2 Corresponding Upper Tier REMIC Regular Interest Class LT-B-3 (1) 1/2 initial Class Certificate Balance of B-3 Corresponding Upper Tier REMIC Regular Interest Class LT-B-4 (1) 1/2 initial Class Certificate Balance of B-4 Corresponding Upper Ti...
The Class means the class of sailing dinghies designed by Knud Olsen and made in accordance with his drawings and specifications now held by the International Sailing Federation Ltd and known under the name ‘International OK Dinghy Class’.
The Class. A-1a, Class A-1b, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class M-0, Xxxxx X-0, Xlass M-3, Class M-4, Class M-5, Xxxxx X-0, Xlass M-7, Class M-8 and Class M-9 Certificates (exclusive of their respective rights to receive Class A Subclass Cap Amounts or Class M Subclass Cap Amounts, as applicable) and the Class CE Certificates (exclusive of their obligation to pay Class A Subclass Cap Amounts or Class M Subclass Cap Amounts) are hereby designated as "regular interests" in the Upper-Tier REMIC within the meaning of Code Section 860G(a)(1). The Class R Certificate represents ownership of the Class LT-R Interest, which is the "residual interest" in the Lower-Tier REMIC, and the Class UT-R Interest, which is the "residual interest" in the Upper-Tier REMIC within the meaning of Code Section 860G(a)(2). The Certificates shall have the terms provided for in this Agreement.
Examples of The Class in a sentence
The Class B Notes are subordinated in right of payment to the Class A Notes, and are secured by the collateral pledged as security therefor as provided in the Indenture.
The Class R Certificates shall be issued, maintained and transferred in minimum percentage interests of 10% of such Class R Certificates and in integral multiples of 1% in excess thereof.
The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes and the Class C Notes (collectively, the “Notes”) are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture and subject to the subordination provisions therein.
The Class C Shareholders of the Fund have exclusive voting rights, if any, with respect to the Fund's Class C Rule 12b-1 Distribution Plan.
The Class A shares are issued using the net asset value effective as of the applicable quarter-end in which the administrative services fee is due and payable.
More Definitions of The Class
The Class means the J/109 class constructed in accordance with the Class Measurement Rules.
The Class. [A] Certificates shall have been rated "_" by ______________ and _______________ [and the Class M Certificates shall have been rated "___" by __________]
The Class. A Principal Distribution Amount and Class M-1 Principal Distribution Amount for that Distribution Date) and (2) the Certificate Principal Balance of the Class M-2 Certificates immediately prior to that Distribution Date over (B) the lesser of (x) the product of (1) 89.00% and (2) the aggregate Stated Principal Balance of the Mortgage Loans after giving effect to distributions to be made on that Distribution Date and (y) the aggregate Stated Principal Balance of the Mortgage Loans immediately preceding that Distribution Date, less $875,000.
The Class as used herein shall mean all persons for whom Brinderson Constructors, Inc. or Brinderson L.P. obtained a consumer report during the time period of December 2, 2010 through the date of preliminary approval is granted. The Class is a nationwide class and is not limited to California.
The Class. A-2 Notes shall be designated generally as the "Class A-2 [___%] [Floating Rate] Asset Backed Notes, Series 200_-_" or the "Class A-2 Notes". The Class A-3 Notes shall be designated generally as the "Class A-3 [___%] [Floating Rate] Backed Notes, Series 200_-_" or the "Class A-3 Notes." The Class A-4 Notes shall be designated generally as the "Class A-4 [___%] [Floating Rate] Asset Backed Notes, Series 200_-_" or the "Class A-4 Notes".
The Class. A-4 Notes shall be designated generally as the "Class A-4 [___%] [Floating Rate] Asset Backed Notes, Series 200_-_" or the "Class A-4 Notes".
The Class means the class of International Six Metre yachts sailing within United Kingdom waters.