Lower Tier Schedule definition

Lower Tier Schedule. The schedule attached hereto as Exhibit D. MBS: Any ▇▇▇▇▇▇ ▇▇▇ Guaranteed Mortgage Pass-Through Certificate held in the Lower Tier REMIC and identified in the Mortgage Security Schedule.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Lower Tier Schedule. The schedule attached hereto as Exhibit D.

Lower Tier Schedule. The schedule attached hereto as Exhibit D. Mortgage: The mortgage, deed of trust or other instrument creating a first lien on the real property securing a Mortgage Note.

Examples of Lower Tier Schedule in a sentence

• The beneficial ownership interest of the Lower Tier REMIC shall be evidenced by the interests having the designations, original Class Balances, Interest Rates and Final Distribution Dates set forth on the Lower Tier Schedule.

• The Interest Rates for the LIBOR Floating Rate Classes for each Interest Accrual Period shall be determined by ▇▇▇▇▇▇ ▇▇▇ or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the LIBOR Floating Rate Classes are outstanding on the basis of LIBOR and the applicable formulae specified in the Prospectus Supplement or the Lower Tier Schedule, as the case may be.

• On each Distribution Date, except as provided below with respect to the Lower Tier Accrual Classes, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied, first, to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and, second, to the principal thereof as described below.

• On each Distribution Date, except as provided below with respect to each Lower Tier Accrual Class, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied first to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and second to the principal thereof as described below.

• On each Distribution Date, except as provided below with respect to the Lower Tier Accrual Class, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied, first, to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and, second, to the principal thereof as described below.

• On each Distribution Date, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied first to the distribution of interest accrued on each applicable Class of Lower Tier Regular Interests during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and second to the principal thereof as described below.

• The Interest Rates for the LIBOR Floating Rate Classes for each Interest Accrual Period shall be determined by ▇▇▇▇▇▇ Mae or the Paying Agent on the Index Determination Date in the month following the month in which the Settlement Date occurs and on each Index Determination Date thereafter so long as the LIBOR Floating Rate Classes are outstanding on the basis of LIBOR and the applicable formulae specified in the Prospectus Supplement or the Lower Tier Schedule, as the case may be.

• On each Distribution Date, except as provided below with respect to the Lower Tier Accrual Classes, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied first to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and second to the principal thereof as described below.

• The beneficial ownership interest of the Lower Tier REMIC shall be evidenced by the interests having the designations, original Class Balances, Certificate Interest Rates and Final Distribution Dates set forth on the Lower Tier Schedule.

• On each Distribution Date, except as provided below with respect to the Lower Tier Accrual Class, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied first to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and second to the principal thereof as described below.

More Definitions of Lower Tier Schedule

Lower Tier Schedule. The schedule attached hereto as Exhibit D. Mortgage Securities: The ▇▇▇▇▇▇ ▇▇▇ Certificates.

Lower Tier Schedule. The schedule attached hereto as Exhibit D. Mortgage Securities: The SMBS.

Lower Tier Schedule. The schedule attached hereto as Exhibit D. Middle Tier Account: The account created and maintained pursuant to Section 4.01A

Lower Tier Schedule. The Schedule attached hereto as Exhibit D. New York Presenting Agent: State Street Bank and Trust Company, N.A., with its offices at ▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ or such other office within the Borough of Manhattan, City of New York, State of New York, as ▇▇▇▇▇▇ Mae may appoint by notice to the Trustee.

Lower Tier Schedule. As to any Two Tier Series, the schedule designated as such and attached as Exhibit B to the related Issue Supplement.