LT-2 definition

LT-2. 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-2 in a sentence

  • Y2 = the Class Principal Balance of the Class LT2 Regular Interest after distributions and the allocation of Realized Losses on the prior Distribution Date.

  • ΔP = P0 - P1 = the aggregate of the Class LT1, LT2, LT3 and LT4 Principal Reduction Amounts.

  • Y2 = the principal balance of the Class LT2 Regular Interest after distributions on the prior Distribution Date.

  • ΔY2 = the REMIC I Regular Interest LT2 Principal Reduction Amount.

  • P0 = the aggregate Principal Balance of the Class LT1, LT2, LT3 and LT4 Regular Interests after distributions and the allocation of Realized Losses on the prior Distribution Date.

  • On each Distribution Date, the Securities Administrator shall apply remaining amounts in the REMIC LT2 Distribution Account in respect of interest to the Class LT2 Pool, Class LT2-Sub-A and Class LT2-Sub-B Interests in accordance with their interest rates set forth above.

  • On each Distribution Date, the Securities Administrator shall apply amounts in the REMIC LT2 Distribution Account to the REMIC LT2 Regular Interests in the same manner that amounts are distributed on any Corresponding Classes of Certificates on such Distribution Date.

  • P1 = the aggregate Principal Balance of the Class LT1, LT2, LT3 and LT4 Regular Interest after distributions and the allocation of Realized Losses to be made on such Distribution Date.

  • Y2 = the Class Principal Balance of the Class LT2 Regular Interest after distributions 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.

Related to LT-2

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

  • Lower-Tier Regular Interest Each of the Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-A-4, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-M-4, Class LT-M-5, Class LT-M-6, Class LT-B-1, Class LT-B-2, Class LT-B-3, Class LT-IO and Class LT-Accrual Interests as described in the Preliminary Statement.

  • 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.

  • REMIC 2 Regular Interest Each of the REMIC 2 Interests other than the Class LT2-R Interest.

  • 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.