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Common use of Lower Tier Clause in Contracts

Lower Tier. Interest R2 shall bear interest at a rate equal to the product of (x) 2 and (y) the Weighted Average Net Mortgage Rate.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Ge Capital Mortgage Services Inc), Pooling and Servicing Agreement (Ge Capital Mortgage Services Inc)

Related Clauses

  • UPPER-TIER REMIC
  • REMIC
  • Lower Tier Agreements
  • Distributions on the REMIC Regular Interests
  • Senior Certificates

Parent Clauses

  • CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
  • The REMICs
  • Tooling and Fixtures
  • Aerogen Indemnity
  • Prepayment Penalties

Sub-Clauses

  • Lower Tier Agreements
  • Controlled Information
  • Invention Reports
  • Financial Reporting 15
  • Allocation of Principal Rights
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