Class LT-R Interest definition

Class LT-R Interest. The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

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Class LT-R Interest. The residual interest in the Lower-Tier REMIC. The Class LT-R Interest will be represented by the Class R Certificates.

Class LT-R Interest. As described in the Preliminary Statement.

Examples of Class LT-R Interest in a sentence

Any amount that remains in the Lower-Tier Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution Amount and any Yield Maintenance Premiums distributed pursuant to Section 4.3 shall be distributed to the Holders of the Class R Certificates (in respect of the Class LT-R Interest, but only to the extent of the amount remaining in the Lower-Tier Distribution Account, if any).
Any amount that remains in the Lower-Tier Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution Amount and any Yield Maintenance Default Payments distributed pursuant to Section 4.3 shall be distributed to the Holders of the Class R Certificates (in respect of the Class LT-R Interest, but only to the extent of the amount remaining in the Lower-Tier Distribution Account, if any).

More Definitions of Class LT-R Interest

Class LT-R Interest. The sole class of "residual interest" in the Lower Tier REMIC evidenced by the Class R Certificates.

Class LT-R Interest. The sole residual interest in the Lower-Tier REMIC.

Class LT-R Interest. The sole residual interest in the Lower Tier REMIC.

Class LT-R Interest. The sole residual interest in the Lower Tier REMIC. Class MT-R Interest: The sole residual interest in the Middle Tier REMIC.

Class LT-R Interest. The sole class of "residual interest" in the Lower Tier REMIC, as described in the Preliminary Statement and in Section 2.07.

Class LT-R Interest. The sole class of "residual interest" in the Lower-Tier REMIC. The Class LT-R Interest shall not have a principal amount or an interest rate. The Class LT-R Interest shall be represented by the Class R Certificate.

Class LT-R Interest. Not applicable.