CSNP definition
Examples of CSNP in a sentence
The Uncertificated Centreville Square Interests will have Original Centreville Square Principal Amounts equal to, in the case of the Class CS-P Uncertificated Interest, the Pooled Component of the Centreville Square Mortgage Loan and, in the Case of the Class CS-NP Uncertificated Interest, the Non-Pooled Component of the Centreville Square Mortgage Loan.
The Class CS-NP Uncertificated Interest shall be deemed to have received the distributions and allocations actually distributed to or allocated to the Non-Pooled Component pursuant to Section 3.35.
The Centreville Square Mortgage Loan REMIC will hold the Centreville Square Mortgage Loan and will issue the Class CS-P and Class CS-NP Uncertificated Interests (the “Uncertificated Centreville Square Interests”), which will evidence the “regular interests” in the Centreville Square Mortgage Loan REMIC created hereunder.