WMRR Interest definition

WMRR Interest. All of the Class WMRR Certificates, collectively.
Sample 1Sample 2Sample 3

Examples of WMRR Interest in a sentence

  • To the extent that the Certificate Balance of, and/or any interest payable on, any Class of Woodlands Mall Non-VRR Certificates or the WMRR Interest is so increased or deemed increased, an identical increase shall be deemed made to the Woodlands Mall Principal Balance of, and any interest payable on, the Corresponding Woodlands Mall Regular Interest.

  • The WM-Non-VRR Percentage of any Appraisal Reduction Amounts allocated to the Woodlands Mall Trust Subordinate Companion Loan shall be allocated to each Class of related Loan-Specific Certificates (other than the WMRR Interest) in reverse sequential order to notionally reduce the Certificate Balance thereof until the related Certificate Balance of each such Class is reduced to zero (i.e., first to the Class WM-C Certificates, second to the Class WM-B Certificates, last to the Class WM-A Certificates).

  • On each Distribution Date, any WMRR Realized Loss with respect to the WMRR Interest for such Distribution Date shall be allocated to the WMRR Interest; and, in connection therewith, the Certificate Balance of the WMRR Interest shall be reduced without distribution, as a write off, to the extent of such WMRR Realized Loss.

  • Distributions in reimbursement of WM Non-VRR Realized Losses previously allocated to the respective Classes of the Woodlands Mall Non-VRR Certificates and distributions in reimbursement of WMRR Realized Losses previously allocated to the WMRR Interest shall be made in the amounts and manner specified in Section 4.01(m) or Section 4.01(n), as applicable.

  • The WM-VRR Percentage of any Appraisal Reduction Amounts allocated to the Woodlands Mall Trust Subordinate Companion Loan will be allocated to the WMRR Interest.

  • The “latest possible maturity date” for purposes of Code Section 860G(a)(1) of (i) the Woodfield Mall Regular Interests, the Class WMA Upper-Tier Regular Interest and the Uncertificated WMRR Interest is the Rated Final Distribution Date for the rated Woodfield Mall Loan-Specific Certificates; and (ii) the Lower-Tier Regular Interests, the Regular Certificates and the Uncertificated VRR Interest is the Rated Final Distribution Date for the rated Certificates.

  • The Certificate Administrator shall establish and maintain the Woodfield Mall REMIC Distribution Account in the name of the Certificate Administrator on behalf of the Trustee, for the benefit of the Holders of the Woodfield Mall Loan-Specific Certificates and the Uncertificated WMRR Interest Owner.

  • The measurement result can directly determine whether it complies the D-2 standard, which requires complicated sampling and analysis procedures (First and Drake 2013, Bradie, Broeg et al.

Related to WMRR Interest

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

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

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Uncertificated Lower-Tier Interest A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest and Class 4-LS Interest are Uncertificated Lower-Tier Interests.

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

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

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

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

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

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Water interest means any right to the beneficial use of water, including:

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Class R-5 Interest The uncertificated Residual Interest in REMIC 5.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • REMIC III Certificate Any Regular Certificate or Class R Certificate.