LT-12 definition

LT-12. The uncertificated class of interests in the Lower-Tier REMIC, as described in and designated in Section 2.8 hereof.
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Examples of LT-12 in a sentence

  • For any Distribution Date, the interest rate for the Class LT2-2 Interest shall be the interest rate on the Class LT1-2 Interest.

  • P0 = the aggregate Uncertificated Principal Balance of REMIC I Regular Interests LT1, LT2, LT3, LT4, LT6, LT7, LT8, LT10, LT11 and LT12 after distributions and the allocation of Realized Losses and Net Negative Amortization Amounts on the prior Distribution Date.

  • P1 = the aggregate Uncertificated Principal Balance of REMIC I Regular Interests LT1, LT2, LT3, LT4, LT6, LT7, LT8, LT10, LT11 and LT12 after distributions and the allocation of Realized Losses and Net Negative Amortization Amounts to be made on such Distribution Date.

  • The following table sets forth (or describes) the Class designation, interest rate, and initial Class Principal Amount for each Class of Lower Tier Interests in REMIC LT-1&2.

  • REMIC UT-1&2 will hold the several classes of uncertificated interests issued by REMIC LT-1&2, other than the Class LT-R Interest.

  • There are also 21 classes of uncertificated REMIC I Regular Interests issued under this Agreement (the Class LT1, Class LT2, Class LT3, Class LT4, Class LT5, Class LT6, Class LT7, Class LT8, Class LT9, Class LT10, Class LT11, Class LT12, Class LT13, Class LT14, Class LT15, Class LT16, Class LT17, Class LT18, Class LT19, Class LT20, and Class LT21 Interests), each of which will constitute regular interests in REMIC I.

  • Further, the Service Credit applies only to that portion of the service that was unavailable as defined herewith: For the purpose of computing and issuing a Service Credit for monthly unavailability, the availability shall be computed and credited separately for each of two paths: a London - Telstar 12 Path (L-T12) and a New York - IA-6 path (NY-IA6).

  • As provided herein, the Securities Administrator shall elect that the Trust Fund (exclusive of (i) the Reserve Fund, (ii) the Class 1-A1 Cap Agreement and (iii) the rights to receive (and the obligations to pay) Net Funds Cap Shortfalls and Unpaid Net Funds Cap Shortfalls be treated for federal income tax purposes as comprising four real estate mortgage investment conduits (each, a “REMIC”) designated as REMIC LT-1&2, REMIC LT-3, REMIC UT-1&2, and REMIC UT-3.

  • For the L-T12 path, a Service Credit will be issued at a rate of 0.5% of the monthly amount of $92,100 for each 0.1% that a given month's availability drops below 99.5%, capped each month at $92,100.

  • The payment of the foregoing amounts to the Holders of REMIC 1 Regular Interests LT1-2 and LT1-2Z shall not reduce the Uncertificated Principal Balance thereof.

Related to LT-12

  • Regular interest A “regular interest” in a REMIC within the meaning of Section 860G(a)(1) of the Code.

  • NI 51-102 means National Instrument 51-102 – Continuous Disclosure Obligations;

  • NI 44-102 means National Instrument 44-102 – Shelf Distributions;

  • 2) The means set forth in 18 U.S.C. § 2241(a) or (b)’ are: by using force against the victim; by threatening or placing the victim in fear that any person will be subjected to death, serious bodily injury, or kidnapping; by rendering the victim unconscious; or by administering by force or threat of force, or without the knowledge or permission of the victim, a drug, intoxicant, or other similar substance and thereby substantially impairing the ability of the victim to appraise or control conduct.

  • NI 81-102 means National Instrument 81-102 – Investment Funds.