Lower Tier Accrual Classes definition

Lower Tier Accrual Classes. Lower Tier Classes 3, 4, 7, 8, 9, 17, 19 and 20.
Sample 1
Lower Tier Accrual Classes. Lower Tier Classes 15 and 27.
Sample 1Sample 2
Lower Tier Accrual Classes. Lower Tier Classes 5 and 6.
Sample 1Sample 2

Examples of Lower Tier Accrual Classes in a sentence

  • Interest accrued on each Class of Lower Tier Regular Classes for the related Interest Accrual Period at the applicable Interest Rate shall be distributed on each applicable Distribution Date, except as specified below in the case of the Lower Tier Accrual Classes.

  • On each Distribution Date, except as provided below with respect to the Lower Tier Accrual Classes, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied, first, to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and, second, to the principal thereof as described below.

  • On each Distribution Date, except as provided below with respect to the Lower Tier Accrual Classes, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied first to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and second to the principal thereof as described below.

  • Interest accrued on the Lower Tier Accrual Classes during each Interest Accrual Period shall not be distributed thereon as interest but shall instead be added to the Class Balances thereof on the related Distribution Date.


More Definitions of Lower Tier Accrual Classes

Lower Tier Accrual Classes. Lower Tier Classes 5, 8 and 15.
Sample 1
Lower Tier Accrual Classes. Lower Tier Classes 17, 21, 32, 37, 42, 43, 45 and 55. Lower Tier Classes: The Lower Tier Regular Classes and the Class 5-RL Certificate. Lower Tier Distribution Amount: As to any calendar month the sum of:
Sample 1
Lower Tier Accrual Classes. Lower Tier Classes LT-8, LT-9, LT-10, LT-15 and LT-18.
Sample 1

Related to Lower Tier Accrual Classes

  • Lower Tier Interest As described in the Preliminary Statement.

  • Lower-Tier Regular Interests The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Lower-Tier REMIC, designated as the Class XX-0, Xxxxx XX-0, Class LA-3, Class LA-4, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and Class LVRR Lower-Tier Regular Interests.

  • Lower-Tier Regular Interest Each of the Class LT-A-1, Class LT-A-2, Class LT-M-1, Class LT-M-2, Class LT-B-1 and Class LT-Accrual Interests as described in the Preliminary Statement.

  • Lower-Tier REMIC As described in the Preliminary Statement.

  • Upper-Tier Regular Interest As described in the Preliminary Statement.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

  • Lower Tier Principal Distribution Amount With respect to any calendar month, the sum of (i) the Cash Flow Distribution Amount and (ii) the Lower Tier Accrual Amount, if any.