Class M-2 Interest definition

Class M-2 Interest. An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.
Sample 1Sample 2
Class M-2 Interest. A regular interest in REMIC 2 that has an initial principal balance of $6,084,000 as of the Cut-off Date and bears interest at a per annum rate equal to the lesser of (i) the Class M-2 Pass-Through Rate and (ii) the Weighted Average Net Mortgage Rate. Ownership of the Class M-2 Interest is evidenced by the Class M-2 Certificates.
Sample 1
Class M-2 Interest. Rate: With respect to any Payment Date, the least of:
Sample 1

Examples of Class M-2 Interest in a sentence

  • Unpaid Class M-2 Interest Shortfall 0.00 0 ------------- ------------- B.

  • Unpaid Class M-2 Interest Shortfall 0.00 0 ------------- ------------- (47) Remaining: a.

  • Unpaid Class M-2 Interest Shortfall 0.00 0 -------------- -------------- B.

  • Unpaid Class M-2 Interest Shortfall 0.00 --------------- (5) Remaining: a.

  • Unpaid Class M-2 Interest Shortfall 0.00 0 ------------- ------------- (49) Remaining: a.

  • Interest on Class M-2 Adjusted Principal Balance 0.00 ------------- (44) Amount applied to Class M-2 Interest Deficiency Amount 0.00 ------------- (45) Remaining unpaid Class M-2 Interest Deficiency Amount 0.00 ------------- (46) Amount applied to: a.

  • Interest (42) Aggregate interest (a) Class M-2 Remittance Rate9.08%, unless the Weighted Average Contract Rate is less than 9.08%) 9.08% ------------- (b) Class M-2 Interest 272,400.00 7.56666667 ------------- ------------- (c) Interest on Class M-2 Adjusted Principal Balance 0.00 ------------- (43) Amount applied to Class M-2 Interest Deficiency Amount 0.00 ------------- (44) Remaining unpaid Class M-2 Interest Deficiency Amount 0.00 ------------- (45) Amount applied to: a.

  • The TSC has full-fledged offices in the counties staffed with personnel to carry out recruitment of teachers.

  • Unpaid Class M-2 Interest Shortfall 0.00 0 -------------- -------------- (46) Remaining: a.

  • The increased levels of prepayments and amortisation of loans increase the associated reinvestment risk on the Collateral Obligations which risk will first be borne by holders of the Subordinated Notes (save in respect of payments of Senior Class M-2 Interest Amounts on the Class M-2 Subordinated Notes and Senior Class M-3 Interest Amounts on the Class M-3 Subordinated Notes) and then by holders of the other Classes of Notes, beginning with the most junior Class.


More Definitions of Class M-2 Interest

Class M-2 Interest. An uncertificated interest in REMIC 2 held by the Trustee on behalf of the holders of the Class M-2 Certificates and representing a regular interest in REMIC 2.
Sample 1

Related to Class M-2 Interest

  • Class M-2 Interest Carry Forward Amount As of any Distribution Date, the sum of (1) the excess of (A) the Class M-2 Current Interest with respect to prior Distribution Dates over (B) the amount actually distributed to the Class M-2 Certificates with respect to interest on such prior Distribution Dates and (2) interest on such excess (to the extent permitted by applicable law) at the Class M-2 Pass-Through Rate for the related Accrual Period.

  • Class M-2 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-2 Pass-Through Rate on the Class M-2 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or Class M-2 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-2 Certificates.

  • Class M-1 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class M-1 Pass-Through Rate on the Class M-1 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or Class M-1 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class M-1 Certificates.

  • Class M-2 Pass-Through Rate For the first Distribution Date, 5.6800% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class M-2 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.

  • Class M-3 Pass-Through Rate For the first Distribution Date, _____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-3 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class M-4 Pass-Through Rate For the first Distribution Date, ____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-4 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class M-2 Margin As of any Distribution Date up to and including the Initial Optional Termination Date, 0.310% per annum and, as of any Distribution Date after the Initial Optional Termination Date, 0.465% per annum.

  • Class M-1 Margin With respect to any Distribution Date prior to the second Distribution Date after the first possible Optional Termination Date, 0.420% per annum, and on any Distribution Date on or after the second Distribution Date after the first possible Optional Termination Date, 0.630% per annum.

  • Class M-7 Certificate Any one of the Class M-7 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class M-2 Certificate Any one of the Class M-2 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-6 Certificate Any one of the Class M-6 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class M-3 Margin As of any Distribution Date up to and including the Initial Optional Termination Date, 0.3300% per annum and, as of any Distribution Date after the Initial Optional Termination Date, 0.4950% per annum.

  • Class M-3 Certificate Any one of the Class M-3 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-5 Pass-Through Rate For the first Distribution Date, 5.7700% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class M-5 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.

  • Class M-1 Certificate Any one of the Class M-1 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-6 Certificates All Certificates bearing the class designation of "Class M-6".

  • Class M-2 Certificates All Certificates bearing the class designation of "Class M-2".

  • Class M-4 Certificate Any one of the Class M-4 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-1 Pass-Through Rate For the first Distribution Date, ____% per annum. As of any Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus the Class M-1 Margin and (2) the Weighted Average Available Funds Cap for such Distribution Date.

  • Class M-3 Certificates All Certificates bearing the class designation of "Class M-3".

  • Class M-1 Certificates All Certificates bearing the class designation of "Class M-1".

  • Class M-8 Certificate Any one of the Class M-8 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class M-5 Certificate Any one of the Class M-5 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class M-4 Certificates All Certificates bearing the class designation of "Class M-4".

  • Class M-10 Certificate Any one of the Class M-10 Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-M-10 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

  • Class M-9 Certificate Any one of the Class M-9 Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.