REMIC I Regular Interest I-LTP definition

REMIC I Regular Interest I-LTP. One of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a Regular Interest in REMIC I. REMIC I Regular Interest I-LTP shall be entitled to any Prepayment Charges collected by the Master Servicer and to a distribution of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
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REMIC I Regular Interest I-LTP. One of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a Regular Interest in REMIC I. REMIC I Regular Interest I-LTP shall be entitled to any Prepayment Charges listed on the Prepayment Charge Schedule and collected by the Master Servicer in respect of Principal Prepayments made after the Cut-off Date and to a distribution of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
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Examples of REMIC I Regular Interest I-LTP in a sentence

  • The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I-LTP shall not reduce the Uncertificated Balance thereof.

  • On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP.

  • As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

  • On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of REMIC I Regular Interest I-LTP.

  • Any Excess Losses will be allocated among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on a PRO RATA basis.

  • As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I- LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

  • As used herein, an allocation of a Realized Loss on a "Pro Rata basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a Pro Rata basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

  • As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the Uncertificated REMIC I Regular Interests (other than Uncertificated REMIC I Regular Interest I- LTP) means an allocation on a PRO RATA basis among the Uncertificated REMIC I Regular Interests (other than Uncertificated REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Principal Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

  • As used herein, an allocation of a Realized Loss on a "pro rata basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) means an allocation on a pro rata basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.

  • As used herein, an allocation of a Realized Loss on a "PRO RATA basis" among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP and the Class S Certificates) means an allocation on a PRO RATA basis among the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP and the Class S Certificates) on the basis of their then outstanding Uncertificated Balances, in each case prior to giving effect to distributions to be made on such Distribution Date.