Lower-Tier Regular Interests definition

Lower-Tier Regular Interests. The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Lower-Tier REMIC, designated as the Class XX-0, Xxxxx XX-0, Class LA-3, Class LA-4, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and Class LVRR Lower-Tier Regular Interests.
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Lower-Tier Regular Interests. Any of the Class LA1, Class LA2, Class LASB, Class LA3, Class LA4, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and LRR Uncertificated Interests.
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Lower-Tier Regular Interests. Any of the REMIC 1 Regular Interests or the REMIC 2 Regular Interests.
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Examples of Lower-Tier Regular Interests in a sentence

  • The aggregate amount of principal and interest distributable in respect of the Lower Tier Regular Interests during any calendar month shall equal the Lower Tier Distribution Amount for such calendar month.

  • Xxxxxx Mae, acting in its corporate capacity, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Xxx, acting in its capacity as Trustee for the Trust Fund established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Lower Tier Regular Interests, including all payments of principal and interest thereon received after the month of the Issue Date.

  • The RL Class Certificate is hereby designated as the sole “residual interest” in the REMIC constituted by the Lower Tier REMIC within the meaning of Section 860G(a)(2) of the Code, and the Lower Tier Regular Interests are hereby designated as “regular interests” in such REMIC within the meaning of Section 860G(a)(1) of the Code.

  • On each Distribution Date, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied first to the distribution of interest accrued on each applicable Class of Lower Tier Regular Interests during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and second to the principal thereof as described below.

  • Xxxxxx Xxx will distribute to the Holder of the RL Class Certificate the proceeds of the remaining assets of the Lower Tier REMIC, if any, after the Class Balances of the Lower Tier Regular Interests have been reduced to zero.


More Definitions of Lower-Tier Regular Interests

Lower-Tier Regular Interests. The Lower Tier Interests specified in the Lower Tier Schedule other than the RL Class Certificate.
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Lower-Tier Regular Interests. The [Class LA-1], [Class LA-2], [Class LB], [Class LC], [Class LD], [Class LE] and [Class LF] and [Class LG] Interests.
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Lower-Tier Regular Interests. The nine Classes of regular interests in the Lower Tier REMIC described in Section 2.02 hereof.
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Lower-Tier Regular Interests. The Class LA Interest, Class LB Interest, Class LC Interest and Class LD Interest issued by the Lower-Tier REMIC and held by the Trustee as assets of the Upper-Tier REMIC. Each Lower-Tier Regular Interest (i) is designated as a “regular interest” in the Lower-Tier REMIC, (ii) relates to its Corresponding Regular Interest and Corresponding Certificates, (iii) is uncertificated, (iv) has an initial Lower-Tier Principal Balance as set forth in the Introductory Statement herein, (v) has a Pass-Through Rate equal to the Net Mortgage Rate, (vi) has a “latest possible maturity date,” within the meaning of Treasury Regulations Section 1.860G-1(a), that is the Rated Final Distribution Date and (vii) is entitled to the distributions in the amounts and at the times specified in Section 4.2(b) of this Agreement.
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Lower-Tier Regular Interests. The Class A-1A-L, Class A-1B-L, Class A-1C-L, Class A-1D-L, Class A-1E-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5-L, Class A-6-L, Class A-7-L, Class A-8-L, Class B-1-L, Class B-2-L, Class B-3-L, Class B-4-L, Class B-5-L, Class B-6-L, Class B-7-L and Class B-7H-L Interests.
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Lower-Tier Regular Interests. The Class LA Interest, Class LB Interest, Class LC Interest, Class LD Interest, Class LE Interest and Class LF Interest issued by the Lower-Tier REMIC and held by the Trustee as assets of the Upper-Tier REMIC. Each Lower-Tier Regular Interest (i) is designated as a “regular interest” in the Lower-Tier REMIC, (ii) relates to its Corresponding Regular Interest and Corresponding Certificates, (iii) is uncertificated, (iv) has an initial Lower-Tier Principal Balance as set forth in the Introductory Statement herein, (v) has a Pass-Through Rate equal to the Net Mortgage Rate, (vi) has a “latest possible maturity date,” within the meaning of Treasury Regulations Section 1.860G-1(a), that is the Rated Final Distribution Date and (vii) is entitled to the distributions in the amounts and at the times specified in Section 4.2(b).
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Lower-Tier Regular Interests. The Class __________ Interests.
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