Class D Regular Interest definition
Class D Regular Interest. The uncertificated interest corresponding to the Class D Certificates, the Class V-D Certificates (to the extent of the Class V-D Percentage Interest of the Class D Regular Interest) and the Class V2 Certificates (to the extent of the Class V2 Percentage Interest of the Class D Regular Interest), constituting a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions and having the characteristics attributable thereto in this Agreement.
Examples of Class D Regular Interest in a sentence
Pass-Through Rate: The Class V1-D Certificates will not have a Pass-Through Rate, but will be entitled to receive the Class V1-D Percentage Interest of the interest distributable on the Class D Regular Interest.
The original aggregate Certificate Balance of the Class V1-D Certificates is equal to the aggregate Certificate Balance of the Class D Regular Interest on the Closing Date (without giving effect to any exchanges on the Closing Date).