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 Middle-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-LIO Interest, Class 1-LPO Interest, Class 1-LS Interest, Class 1-LSES Interest, Class 2-L Interest, Class 2-LIO Interest, Class 2-LPO Interest, Class 2-LS Interest, Class 2-LSES Interest, Class 3-L Interest, Class 3-LIO Interest, Class 3-LPO Interest, Class 3-LS Interest, Class 3-LSES Interest, Class 4-L Interest, Class 4-LIO Interest, Class 4-LPO Interest, Class 4-LS Interest and Class 4-LSES Interest are Uncertificated Lower-Tier Interests.
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.
Uncertificated Lower-Tier Interest. Any of the Class A-L1 Interest, the Class A-L2 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.

Examples of Uncertificated Lower-Tier Interest in a sentence

  • As of any date, the principal balance of each Uncertificated Lower-Tier Interest will equal its Lower-Tier Principal Amount.

  • The Pass-Through Rate with respect to each Uncertificated Lower-Tier Interest will be the rate per annum set forth in the Introductory Statement hereto.


More Definitions of Uncertificated Lower-Tier Interest

Uncertificated Lower-Tier Interest. Any of the Class LA, Class LB, Class LC, Class LD, Class LE and Class LHRR Uncertificated Interests.
Uncertificated Lower-Tier Interest. Any of the Class LA, Class LB, Class LVRR and LUVRR Uncertificated Interests.
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.
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-L5, Class 1-A-L6, Class 1-A-L10, Class 1-A-L11, Class 1-A-L16, Class 1-A-L23, Class 1-A-L28, Class 1-A-L29, Class 1-A-L30, Class 1-A-L31, Class 1-A-L32, Class 1-A-L40, Class 1-A-LUR, Class 1-A-LPO, Class 1-A-LWIO, Class 2-A-L1, Class 2-A-LPO, Class 2-A-LWIO, 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 1-LSES, Class 2-B-L1, Class 2-B-L2, Class 2-B-L3, Class 2-B-L4, Class 2-B-L5, Class 2-B-L6 and Class 2-LSES Interests are Uncertificated Lower-Tier Interests.
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.
Uncertificated Lower-Tier Interest. Any of the Class LA, Class LB, Class LC and LHRR Uncertificated Interests.
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.