The Supplemental Interest definition

The Supplemental Interest. Trust shall hold a trust account at the corporate trust office of the Trustee; the "Supplemental Interest Payment Account" to be held by the Trustee in its name on behalf of the Supplemental Interest Trust. None of the assets of the Supplemental Interest Trust shall be considered assets of the REMIC Trust, and any amounts transferred from the REMIC Trust to the Supplemental Interest Trust shall be treated as distributions with respect to the Class X Certificates.
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The Supplemental Interest. Trust shall hold three trust accounts, the "Group I Supplemental Interest Payment Account", the "Group II Supplemental Interest Payment Account" and a "Class RS Distribution Account" to be held by the Trustee in its name on behalf of the Supplemental Interest Trust. None of the assets of the Supplemental Interest Trust shall be considered assets of the REMIC, and any amounts transferred from the REMIC to the Supplemental Interest Trust shall be treated as distributions with respect to the Class RS Certificates.
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The Supplemental Interest. Trustee shall enter into the Put Contract with the Put Counterparty with respect to the Put Certificates. The Supplemental Interest Trustee shall cause to be deposited any amounts received from time to time with respect to the Put Contract into the Put Account. On each Distribution Date on or prior to the Put Termination Date, the Put Counterparty shall receive the Put Fee pursuant to Section 4.02(a).
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Examples of The Supplemental Interest in a sentence

  • The Supplemental Interest Trust shall be maintained by the Supplemental Interest Trust Trustee.

  • The Supplemental Interest Trust shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee or of the Securities Administrator held pursuant to this Agreement.

  • The Supplemental Interest Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.

  • The Supplemental Interest Trust Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.

  • The Supplemental Interest Trust shall be maintained by the Supplemental Interest Trust Trustee, who initially, shall be the Trustee.

  • The Supplemental Interest Trust shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement.

  • The Supplemental Interest Trust shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator held pursuant to this Agreement.

  • The Supplemental Interest Trust and any assets thereof shall not be an asset of any REMIC formed hereby.

  • The Supplemental Interest Trust Trustee shall not have liability for any failure or delay in making a payment hereunder to Party A due to any failure or delay in receiving amounts in the account held by the Supplemental Interest Trust from the Trust created pursuant to the Pooling and Servicing Agreement.

  • The Supplemental Interest Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Securities Administrator held pursuant to this Agreement.


More Definitions of The Supplemental Interest

The Supplemental Interest. Trust shall terminate on the earlier of (i) the Swap Contract Termination Date and (ii) the termination of this Agreement. 104
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The Supplemental Interest. Trust shall hold the "Supplemental Interest Payment Account" to be held by the Trustee in its name on behalf of the Supplemental Interest Trust.
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The Supplemental Interest. Trust shall hold two trust accounts, the "Supplemental Interest Payment Account" and a "Class RS Distribution Account" to be held by the Trustee in its name on behalf of the Supplemental Interest Trust.
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The Supplemental Interest. Trust shall hold a trust account, the "Supplemental Interest Payment Account", to be held by the Trustee in its name on behalf of the Supplemental Interest Trust. If, on any Determination Date, the Trustee determines that the amount to be available on the next Payment Date in the Supplemental Interest Payment Account (such amount, the "Supplemental Interest Payment Amount") is less than the excess of (i) the Class A-6 Full Interest Distribution Amount over (ii) the Class A-6 Interest Distribution Amount as of such Payment Date (the difference, if any, between the Supplemental Interest Payment Amount and such excess, the "Class A-6 Formula Interest Shortfall"), the Trustee shall deliver a notice in the form of Exhibit O hereto to the Designated Residual Owner demanding that the Designated Residual Owner fund the Class A-6 Formula Interest Shortfall on the related Payment Date. The amount so funded by the Designated Residual Owner on any such Payment Date is the "Interest Advance" for such Payment Date. The Trustee shall deposit any Interest Advance received by it in the amount of the Class A-6 Formula Interest Shortfall into the Class A Group II Distribution Account. On each Payment Date the Trustee shall withdraw from the Supplemental Interest Payment Account and deposit in the Group II Distribution Account the Class A-6 Formula Interest Shortfall; provided that the amount to be withdrawn may not exceed the Supplemental Interest Payment Amount (such amount, the "Funded Amount").
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Related to The Supplemental Interest

  • Supplemental Interest Account As defined in Section 4.07 hereof.

  • Sixth Supplemental Indenture means the supplemental indenture dated as of July 1, 1960, hereinbefore referred to.

  • Fifth Supplemental Indenture means the Fifth Supplemental Indenture, dated as of November 27, 2009, among the Company, the Guarantors and the Trustee.

  • Supplemental Indenture is hereby deleted in its entirety.

  • Second Supplemental Indenture has the meaning set forth in the preamble hereto.

  • Fourth Supplemental Indenture means the supplemental indenture dated as of December 1, 1954, hereinbefore referred to.

  • Capital Interest means the proportion that a Member's positive Capital Account bears to the aggregate positive Capital Accounts of all Members whose Capital Accounts have positive balances as may be adjusted from time to time.

  • Third Supplemental Indenture has the meaning set forth in the Recitals.

  • First Supplemental Indenture has the meaning specified in the recitals of this Supplemental Indenture.

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • registered interest means an international interest, a registrable non-consensual right or interest or a national interest specified in a notice of a national interest registered pursuant to Chapter V;

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Lower-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Lower-Tier REMIC and evidenced by the Class R Certificates.

  • Supplemental Interest Trust The corpus of a trust created pursuant to Section 5.07 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Swap Account, the Interest Rate Cap Agreement, the Interest Rate Cap Account, the right to receive the Class X Distributable Amount as provided in Section 5.02(f)(vi), the Class LT4-I interest in REMIC 4 and the right to receive Class I Shortfalls.

  • Upper-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Upper-Tier REMIC and evidenced by the Class R Certificates.

  • Supplemental Note means, for each Supplemental Loan (whether one or more), if any, the Multifamily Note secured by the Supplemental Instrument for that Supplemental Loan.

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Capital Interests means any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, including, without limitation, with respect to partnerships, partnership interests (whether general or limited) and any other interest or participation that confers on a person the right to receive a share of the profits and losses of, or distributions of assets of, such partnership.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Supplemental Certificate shall have the meaning specified in Section 6.03.

  • Accreted Interest Interest accrued on a Loan that is added to the principal amount of such Loan instead of being paid as it accrues.

  • Residual Interests As specified in the Preliminary Statement.

  • Initial Interest Rate means, as of any date of determination, (a) with respect to each A Note, the Initial Note A Interest Rate and (b) with respect to each B Note, the Initial Note B Interest Rate.

  • Actual Interest Amount is defined in Section 3.1(b)(vii) of this Agreement.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.