Uncertificated Lower-Tier Interest definition

Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 1-LSES Interest, Class 1-LIO Interest, Class 2-L Interest, Class 2-LS Interest, Class 2-LSES Interest, Class 2-LIO Interest, Class 3-L Interest, Class 3-LS Interest, Class 3-LSES Interest and Class 3-LIO Interest are Uncertificated Lower-Tier Interests.
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Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest and Class 4-LS Interest are Uncertificated Lower-Tier Interests.
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Uncertificated Lower-Tier Interest. Any of the Class A-L1 Interest, the Class A-L2 Interest, the Class A-LPO Interest, the Class A-LUR Interest, the Class B-L1 Interest, the Class B-L2 Interest, the Class B-L3 Interest, the Class B-L4 Interest, the Class B-L5 Interest and the Class B-L6 Interest.
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Examples of Uncertificated Lower-Tier Interest in a sentence

  • Any Non-Supported Interest Shortfalls will be allocated to each Uncertificated Lower-Tier Interest in the same relative proportions as interest is allocated to such Uncertificated Lower-Tier Interest.

  • The initial principal balance of each Uncertificated Lower-Tier Interest equals the Original Principal Balances of the respective Corresponding Upper-Tier Class or Classes.

  • Such amounts distributed to the Uncertificated Lower-Tier Interests in respect of principal and interest with respect to any Distribution Date are referred to herein collectively as the "Lower-Tier Distribution Amount." As of any date, the principal balance of each Uncertificated Lower-Tier Interest equals the Principal Balances of the respective Corresponding Upper-Tier Class or Classes.

  • Any Non-Supported Interest Shortfalls and Relief Act Reductions will be allocated to each Uncertificated Lower-Tier Interest in the same relative proportions as interest is allocated to such Uncertificated Lower-Tier Interest.

  • Each Uncertificated Lower-Tier Interest shall receive distributions in respect of principal in an amount equal to the amount of principal distributed to its respective Corresponding Upper-Tier Class or Classes as provided herein.


More Definitions of Uncertificated Lower-Tier Interest

Uncertificated Lower-Tier Interest. Any of the Class LA, Class LB, Class LVRR and LUVRR Uncertificated Interests.
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Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class A-L1, Class A-L3, Class A-L4, Class A-LPO, Class A-LUR, Class A-LWIO, Class B-L1, Class B-L2, Class B-L3, Class B-L4, Class B-L5 and Class B-L6 Interests are Uncertificated Lower-Tier Interests.
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Uncertificated Lower-Tier Interest. Any of the Class I-L Interest, the Class I-LS Interest, the Class II-L Interest and the Class II-LS Interest.
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Uncertificated Lower-Tier Interest. Any of the Class A-L1 Interest, Class A-L2 Interest, Class A-LUR Interest, Class B-L1 Interest, Class B-L2 Interest, Class B-L3 Interest, Class B-L4 Interest, Class B-L5 Interest and Class B-L6 Interest.
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Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-A-L1, Class 1-A-L2, Class 1-A-L4, Class 1-A-L5, Class 1-A-L6, Class 1-A-L13, Class 1-A-LPO, Class 1-A-LUR, Class 1-A-LWIO, Class 2-A-L1, Class 2-A-L4, Class 2-A-LPO, Class 2-A-LWIO, Class 1-LSES, Class 2-LSES, Class 1-B-L1, Class 1-B-L2, Class 1-B-L3, Class 1-B-L4, Class 1-B-L5, Class 1-B-L6, Class 2-B-L1, Class 2-B-L2, Class 2-B-L3, Class 2-B-L4, Class 2-B-L5 and Class 2-B-L6 Interests are Uncertificated Lower-Tier Interests.
Sample 1
Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class A-L1 Interest, Class A-L2 Interest, Class A-L3 Interest, Class A-L5 Interest, Class A-L6 Interest, Class A-L8 Interest, Class A-L11 Interest, Class A-LUR Interest, Class LIO Interest, Class LPO Interest, Class M-L1 Interest, Class B-L1 Interest, Class B-L2 Interest, Class B-L3 Interest, Class B-L4 Interest, Class B-L5 Interest and Class B-L6 Interest are Uncertificated Lower-Tier Interests.
Sample 1
Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-A-L1, Class 1-A-L43, Class 1-A-L45, Class 1-A-L50, Class 1-A-L51, Class 1-A-L62, Class 1-A-L63, Class 1-A-L67, Class 1-A-L68, Class 1-A-LPO, Class 1-A-LUR, Class 1-A-LWIO, Class 2-A-L1, Class 2-A-L4, Class 2-A-LPO, Class 2-A-LWIO, Class 1-LSES, Class 2-LSES, Class 1-B-L1, Class 1-B-L2, Class 1-B-L3, Class 1-B-L4, Class 1-B-L5, Class 1-B-L6, Class 2-B-L1, Class 2-B-L2, Class 2-B-L3, Class 2-B-L4, Class 2-B-L5 and Class 2-B-L6 Interests are Uncertificated Lower-Tier Interests.
Sample 1