Lower-Tier Regular Interests definition

Lower-Tier Regular Interests. The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Lower-Tier REMIC, designated as the Class ▇▇-▇, ▇▇▇▇▇ ▇▇-▇, Class LA-3, Class LA-4, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and Class LVRR Lower-Tier Regular Interests.
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Lower-Tier Regular Interests. Any of the Class LA1, Class LA2, Class LA3, Class LAS, Class LB, Class LC, Class LD, Class LERR, Class LFRR, Class LGRR and Class LJRR Uncertificated Interests.
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Lower-Tier Regular Interests. Any of the REMIC 1 Regular Interests or the REMIC 2 Regular Interests.
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Examples of Lower-Tier Regular Interests in a sentence

  • For purposes of the REMIC election in respect of the Lower-Tier REMIC, each Class of Lower-Tier Regular Interests shall be designated as a class of “regular interests” and the Class LR Interest shall be designated as the sole class of “residual interests” in the Lower-Tier REMIC.

  • The Upper-Tier REMIC will hold the Lower-Tier Regular Interests and will issue the Class A-1, Class A-3, Class A-SB, Class A-4, Class A-5, Class X-A, Class X-B, Class A-S, Class B, Class C, Class X-D, Class D, Class E-RR, Class F-RR and Class G-RR Certificates and the RR Interest, which will evidence the “regular interests” in the Upper-Tier REMIC created hereunder.

  • The Upper-Tier REMIC will hold the Lower-Tier Regular Interests and will issue the Class A-1, Class A-4, Class A-5, Class A-SB, Class X-B, Class A-S, Class B, Class C, Class X-A, Class X-D, Class X-E, Class X-F, Class D, Class E, Class F and Class G-RR Certificates, which will evidence the “regular interests” in the Upper-Tier REMIC created hereunder.

  • If an REO Acquisition shall occur, the applicable Special Servicer shall establish and maintain one or more REO Accounts, held on behalf of the Trustee for the benefit of the Certificateholders and, if applicable, on behalf of any related Companion Holder(s), as applicable, as their interest shall appear, and the Trustee (as holder of the Lower-Tier Regular Interests), for the retention of revenues and other proceeds derived from each REO Property.

  • Each such election will be made on IRS Form 1066 or other appropriate federal tax return for the taxable year ending on the last day of the calendar year in which the Lower-Tier Regular Interests and the Regular Certificates are issued.


More Definitions of Lower-Tier Regular Interests

Lower-Tier Regular Interests. The [Class LA-1], [Class LA-2], [Class LB], [Class LC], [Class LD], [Class LE] and [Class LF] and [Class LG] Interests.
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Lower-Tier Regular Interests. The Lower Tier Interests specified in the Lower Tier Schedule other than the RL Class Certificate.
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Lower-Tier Regular Interests. The nine Classes of regular interests in the Lower Tier REMIC described in Section 2.02 hereof.
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Lower-Tier Regular Interests. The Class LA Interest, Class LB Interest, Class LC Interest and Class LD Interest issued by the Lower-Tier REMIC and held by the Trustee as assets of the Upper-Tier REMIC. Each Lower-Tier Regular Interest (i) is designated as a “regular interest” in the Lower-Tier REMIC, (ii) relates to its Corresponding Regular Interest and Corresponding Certificates, (iii) is uncertificated, (iv) has an initial Lower-Tier Principal Balance as set forth in the Introductory Statement herein, (v) has a Pass-Through Rate equal to the Net Mortgage Rate, (vi) has a “latest possible maturity date,” within the meaning of Treasury Regulations Section 1.860G-1(a), that is the Rated Final Distribution Date and (vii) is entitled to the distributions in the amounts and at the times specified in Section 4.2(b) of this Agreement.
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Lower-Tier Regular Interests. The Class A-1A-L, Class A-1B-L, Class A-1C-L, Class A-1D-L, Class A-1E-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5-L, Class A-6-L, Class A-7-L, Class A-8Z-L, Class B-1-L, Class B-2-L, Class B-3-L, Class B-3SC-L, Class B-4-L, Class B-5-L, Class B-6-L, Class B-7-L and Class B-7H-L Interests.
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Lower-Tier Regular Interests. The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Lower-Tier REMIC, designated as the Class LA-1, Class LA-2, Class LA-3, Class LA-4, Class LA-S, Class LB, Class LC, Class LD, Class LE-RR, Class ▇▇-▇▇, Class LG-RR and Class ▇▇-▇▇ Lower-Tier Regular Interests. Although there are references to a “Class LVRR Lower-Tier Regular Interest” and a “Class LUVRR Lower-Tier Regular Interest” in this Agreement, no such Lower-Tier Regular Interests shall be issued and such references shall be disregarded.
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Lower-Tier Regular Interests. The Class __________ Interests.
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