REMIC I Regular Interest LT4 definition
REMIC I Regular Interest LT4. A regular interest in REMIC II that is held as an asset of REMIC II, that has an initial principal balance equal to the related Uncertificated Principal Balance, that bears interest at the related Uncertificated REMIC I Pass-Through Rate, and that has such other terms as are described herein.
REMIC I Regular Interest LT4. One of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a Regular Interest in REMIC I and held as an asset of REMIC II. REMIC I Regular Interest LT4 shall accrue interest at the related Uncertificated REMIC I Pass-Through Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto.
Examples of REMIC I Regular Interest LT4 in a sentence
ΔY4 = the REMIC I Regular Interest LT4 Principal Reduction Amount.
Y4 = the Uncertificated Principal Balance of REMIC I Regular Interest LT4 after distributions on the prior Distribution Date (note: Y3 = Y4).
With respect to any Distribution Date and (i) REMIC I Regular Interests LT1 and LT2, the weighted average of the Net Mortgage Rates of the Mortgage Loans, (ii) REMIC I Regular Interest LT3, zero (0.00%), and (iii) REMIC I Regular Interest LT4, twice the weighted average of the Net Mortgage Rates of the Mortgage Loans.
RFA shall be required to demonstrate compliance with the specific architectural design standards of Code § 155-90.1.D(4)(a)-(f) during the PLDRP.