Class LP Uncertificated Interest definition

Class LP Uncertificated Interest. An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.
View Source
Class LP Uncertificated Interest. A regular interest in REMIC I which is held as an asset of REMIC II and having the initial Uncertificated Principal Balance and per annum rate of interest set forth in the Preliminary Statement hereto.
View Source

Examples of Class LP Uncertificated Interest in a sentence

  • As of any date, the principal balance of each Uncertificated Lower-Tier Interest (other than the Class LP Uncertificated Interest) shall equal the Certificate Balance of the Related Certificates with respect thereto, as adjusted for the allocation of Collateral Support Deficits, as provided in Sections 4.04(b) and 4.04(c), of Certificate Deferred Interest as provided in Section 4.06.

  • The Upper-Tier REMIC will hold the Uncertificated Lower-Tier Interests (other than the Class LP Uncertificated Interest) and will issue the Class A-1, Class A-2, Class A-3, Class A-4, Class A-SB, Class X-A, Class X-C, Class A-S, Class B, Class C, Class D, Class E, Class F and Class NR Certificates (exclusive of the portion of the Class NR Certificates representing an interest in the Grantor Trust) which will evidence the “regular interests” in the Upper-Tier REMIC created hereunder.

  • The Upper-Tier REMIC will hold the Uncertificated Lower-Tier Interests (other than the Class LP Uncertificated Interest) and will issue the Class A-1, Class A-2, Class A-3, Class A-4A1, Class A-4A2, Class A-5, Class A-SB, Class X-A, Class X-C, Class A-S, Class B, Class C, Class D, Class E, Class F and Class NR Certificates which will evidence the “regular interests” in the Upper-Tier REMIC created hereunder.

  • The Upper-Tier REMIC will hold the Uncertificated Lower-Tier Interests (other than the Class LP Uncertificated Interest) and will issue the Class A-1, Class A-2, Class A-3, Class A-4, Class A-SB, Class X-A, Class X-C, Class A-S, Class B, Class C, Class D, Class E, Class F, Class G and Class NR Certificates (exclusive of the portion of the Class NR Certificates representing an interest in the Grantor Trust) which will evidence the “regular interests” in the Upper-Tier REMIC created hereunder.

  • Schedule 1 Mortgage Loans With Additional Debt Schedule 2 Class A-SB Planned Principal Balance Schedule Schedule 3 Mortgage Loans With “Performance”, “Earn-out” or “Holdback” Escrows or Reserves Schedule 4 Wiring Instructions For Initial Holder of Class LP Uncertificated Interest This Pooling and Servicing Agreement is dated and effective as of August 1, 2014, among J.▇.

  • The Upper-Tier REMIC will hold the Uncertificated Lower-Tier Interests (other than the Class LP Uncertificated Interest) and will issue the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB, Class X-A, Class X-C, Class A-S, Class B, Class C, Class D, Class E, Class F and Class NR Certificates (exclusive of the portion of the Class NR Certificates representing an interest in the Grantor Trust) which will evidence the “regular interests” in the Upper-Tier REMIC created hereunder.

  • The Upper-Tier REMIC will hold the Uncertificated Lower-Tier Interests (other than the Class LP Uncertificated Interest) and will issue the Class A-1, Class A-2, Class A-3A1, Class A-3A2, Class A-4, Class A-SB, Class X-A, Class X-C, Class X-D, Class X-E, Class A-S, Class B, Class C, Class D, Class E, Class F, Class G and Class NR Certificates which will evidence the “regular interests” in the Upper-Tier REMIC created hereunder.