T24 definition
Examples of T24 in a sentence
Amounts of principal and interest distributed in respect of, and Realized Losses allocated to, the Class T3-4 Interest shall equal the allocations made to the Class T2-4 Interest, reduced by any allocation of interest shortfalls to the Class T3-4 Interest pursuant to the preceding sentence.
Any shortfalls of interest will be allocated, first, to the Class T2-4 Interest to the extent that interest shortfalls are allocated to the Class T1-4 Interest; second, pro rata, to the Class T2-11, Class T2-12 and Class T2-13 Interests; and third, pro rata, to the Class T2-1, Class T2-2 and Class T2-3 Interests.
Interest will accrue on the Class T2-4 Interest at the Weighted Average Net Mortgage Rate.
For these purposes, the Class T2-1 and Class T2-11 Interests correspond to the Class T1-1 Interest, the Class T2-2 and Class T2-12 Interests correspond to the Class T1-2 Interest, the Class T2-3 and Class T2-13 Interests correspond to the Class T1-3 Interest, the Class T2-101 Interest corresponds to the Class T1-101 Interest, the Class T2-102 Interest corresponds to the Class T1-102 Interest and the Class T2-4 Interest corresponds to the Class T1-4 Interest.
Certification shall be on file in the Human Resources Department in accordance with Article T24 (5).
In more detail, the workplan for the CAA development in the context of WP4 will include the tasks sketched below: • T24: Internal deliverable.
Amounts of principal and interest distributed in respect of, and Realized Losses allocated to, the Class T3-4, Class T3-5 and Class T3-6 Interests shall equal the allocations made to the Class T2-4, Class T2-5 and Class T2-6 Interests, respectively, reduced by any allocation of interest shortfalls to the Class T3-4, Class T3-5 and Class T3-6 Interests pursuant to the preceding sentence.
Any shortfalls of interest will be allocated, first, to the Class T2-4 Interest, and second, to the Class T2-1, Class T2-2 and Class T2-3 Interests, pro rata based on interest accrued.
A regular interest in REMIC 3 held as an asset of REMIC 4 that is entitled on any Distribution Date to all amounts payable with respect to the Class T2-4 Interest, and that has such other terms and conditions as are described in Section 5.06.
The portion of the Principal Remittance Amount equal to the lesser of the Overcollateralization Release Amount and the Remaining Initial Overcollateralization Amount shall be allocated to reduce the principal balance of the Class T2-4 Interest, until it is reduced to zero.