Interest LT- definition
Interest LT-. 28: One of the separate non-certificated beneficial ownership interests in REMIC 1 issued hereunder and designated as a Regular Interest in REMIC 1. REMIC 1 Regular Interest LT-28 shall accrue interest at the related Uncertificated REMIC 1 Pass- Through Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto.
Examples of Interest LT- in a sentence
REMIC I Regular Interest LT-A-1, REMIC I Regular Interest LT- A-2 and REMIC I Regular Interest I-LTC.
REMIC II Regular Interest LT Swap IO shall accrue interest at the related REMIC II Remittance Rate in effect from time to time on its Uncertificated Notional Amount as set forth in the Preliminary Statement hereto.