L Regular Interest definition

L Regular Interest. The uncertificated undivided beneficial interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein.
L Regular Interest. The uncertificated undivided beneficial interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class B-11 Certificates: The Certificates designated as “Class B-11” on the face thereof in substantially the form attached hereto as Exhibit A.
L Regular Interest. The uncertificated undivided beneficial interest in REMIC III which constitutes a REMIC III Regular Interest and is entitled to distributions as set forth herein. Class CA Group 1 Component: The Class CA-1B Group 1 or Class CA-1C Group 1 Component, as applicable. Class CA Group 2 Component: The Class CA-1B Group 2 or Class CA-1C Group 2 Component, as applicable.

Examples of L Regular Interest in a sentence

  • With respect to each Mortgage Loan and each REMIC L Regular Interest, there shall be a corresponding REMIC I Regular Interest.

  • The employees use them in various stores for purchases of various food items on different dates throughout the year.

  • Each REMIC L Regular Interest will relate to the First National Bank Center Loan and any successor REO Loan with respect thereto.

  • The REMIC I Remittance Rate (as defined herein) and the initial Uncertificated Principal Balance of each such REMIC I Regular Interest shall be based on the Net Mortgage Rate as of the Cut-off Date and the Cut-off Date Principal Balance, respectively, for the related Mortgage Loan or REMIC L Regular Interest, as applicable.

  • Each REMIC L Regular Interest will (i) accrue interest at the related per annum rate described in the definition of "REMIC L Remittance Rate" and (ii) have an initial REMIC L Principal Balance equal to: (A) $65,000,000 in the case of REMIC L Regular Interest FNB-I; and (B) $33,000,000 in the case of REMIC L Regular Interest FNB-II.


More Definitions of L Regular Interest

L Regular Interest. The uncertificated partial -------------------------------- undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class I-A-17 Certificates: The Certificates designated as --------------------------- "Class I-A-17" on the face thereof in substantially the form attached hereto as Exhibit A-I-A-17.
L Regular Interest. The uncertificated partial ------------------------------ undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein.
L Regular Interest. The uncertificated undivided beneficial interest in REMIC IV which constitutes a REMIC IV Regular Interest and is entitled to distributions as set forth herein. Class L-B-10 Certificates: The Certificates designated as “Class L-B-10” on the face thereof in substantially the form attached hereto as Exhibit A. Class L-B-10-L Regular Interest: The uncertificated undivided beneficial interest in REMIC IV which constitutes a REMIC IV Regular Interest and is entitled to distributions as set forth herein. Class L-B-11 Certificates: The Certificates designated as “Class L-B-11” on the face thereof in substantially the form attached hereto as Exhibit A.
L Regular Interest. The uncertificated undivided beneficial interest in REMIC IV which constitutes a REMIC IV Regular Interest and is entitled to distributions as set forth herein. Class M-B-3 Certificates: The Certificates designated as “Class M-B-3” on the face thereof in substantially the form attached hereto as Exhibit A. Class M-B-3-L Regular Interest: The uncertificated undivided beneficial interest in REMIC IV which constitutes a REMIC IV Regular Interest and is entitled to distributions as set forth herein. Class M-B-4 Certificates: The Certificates designated as “Class M-B-4” on the face thereof in substantially the form attached hereto as Exhibit A. Class M-B-4-L Regular Interest: The uncertificated undivided beneficial interest in REMIC IV which constitutes a REMIC IV Regular Interest and is entitled to distributions as set forth herein. Class M-B-5 Certificates: The Certificates designated as “Class M-B-5” on the face thereof in substantially the form attached hereto as Exhibit A. Class M-B-5-L Regular Interest: The uncertificated undivided beneficial interest in REMIC IV which constitutes a REMIC IV Regular Interest and is entitled to distributions as set forth herein. Class M-B-6 Certificates: The Certificates designated as “Class M-B-6” on the face thereof in substantially the form attached hereto as Exhibit A. Class M-B-6-L Regular Interest: The uncertificated undivided beneficial interest in REMIC IV which constitutes a REMIC IV Regular Interest and is entitled to distributions as set forth herein. Class M-B-7 Certificates: The Certificates designated as “Class M-B-7” on the face thereof in substantially the form attached hereto as Exhibit A. Class M-B-7-L Regular Interest: The uncertificated undivided beneficial interest in REMIC IV which constitutes a REMIC IV Regular Interest and is entitled to distributions as set forth herein.
L Regular Interest. The uncertificated partial undivided beneficial ownership interest in REMIC I which constitutes a REMIC I Regular Interest. The "related Loan Group" for the Class Y-1-L Regular Interests is Loan Group I.
L Regular Interest. The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class IV-A-9 Certificates: The Certificates designated
L Regular Interest. The uncertificated partial undivided beneficial ownership interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein. Class Notional Amount: With respect to any of the Class X Certificates, the Class X-L Regular Interests, the Class X-M Regular Interests and the Class I-A-9 Certificates, the related notional amount for any such Class, as specified herein (i.e. the "Class Notional Amount" for each of the Class I-X Certificates, the Class I-X-L Regular Interest and the Class I-X-M Regular Interest is the Class I-X Notional Amount). Class Principal Balance: For any Class of Certificates and for any Class of Regular Interests (other than the Class I-A-1 Certificates and its Corresponding Class), the applicable initial Class Principal Balance therefor set forth in the Preliminary Statement hereto, corresponding to the rights of such Class in payments of principal due to be passed through to Certificateholders or Holders of the Regular Interests from principal payments on the Mortgage Loans, the REMIC I Regular Interests or the REMIC II Regular Interests, as applicable, as reduced from time to time by (x) distributions of principal to Certificateholders or the Holders of the Regular Interests of such Class (including, with respect to the Accretion Directed Classes, the portions of the Class I-A-4 Accrual Amount and the Component I-A-1-5 Accrual Amount distributed to such Classes) and (y) the portion of Realized Losses allocated to the Class Principal Balance of such Class pursuant to the definition of "Realized Loss" with respect to a given Distribution Date. For any Distribution Date, the reduction of the Class Principal Balance of any Class of Certificates and Regular Interests pursuant to the definition of "Realized Loss" shall be deemed effective prior to the determination and distribution of principal on such Class pursuant to the definitions of "REMIC I Distribution Amount," "REMIC II Distribution Amount" and "REMIC III Distribution Amount." In addition to the foregoing, (i) on each Distribution Date on or before the Class I-A-4 Accretion Termination Date, the Class Principal Balance for each of the Class I-A- 4-L Regular Interest and the Class I-A-4 Certificates will be increased by the Class I-A-4 Accrual Amount for such Distribution Date. Notwithstanding the foregoing, any amounts distributed in respect of losses pursuant to paragraph (I)(e)(ii) or (I)(f)(ii) of the definition of "REMIC II Dis...