LIO Interest Sample Clauses
The LIO Interest clause defines the rights and obligations related to the interest held by a party, typically referred to as the Lender or Investor, in a Loan Interest Only (LIO) arrangement. This clause specifies how interest payments are calculated and distributed, often outlining the timing, rate, and method of payment for the interest portion of a loan without requiring principal repayment during the interest-only period. By clearly delineating these terms, the clause ensures both parties understand their financial responsibilities and helps prevent disputes over payment expectations during the loan's interest-only phase.
LIO Interest. The Class MRI-1-PO Interest, the Class MRI-4-PO Interest, the Class MRI-5-PO Interest and the Class MRI-6-PO Interest will not bear interest.
LIO Interest. The foregoing Shifting Interest Lower-Tier REMIC and Shifting Interest Middle-Tier REMIC structure is intended to cause all the cash from the Group 1 Mortgage Loans to flow through the Shifting Interest Upper-Tier REMIC as cash flow on a Shifting Interest Upper-Tier Regular Interest, without creating any shortfall, actual or potential (other than for losses), to any Shifting Interest Upper-Tier Regular Interest. To the extent that the structure is believed to diverge from such intention, the party identifying such ambiguity or drafting error shall notify the other parties hereto, and the parties hereto shall attempt to resolve such ambiguity or drafting error in accordance with Section 11.01 hereto.
LIO Interest. The Class 1-X-PO Interest, Class 2-X-PO Interest, Class 3-X-PO Interest and Class 4-PO Interest will not bear interest.