Lower Tier Classes definition

Lower Tier Classes. The Lower Tier Regular Classes and the Class 40-RL Certificate. Lower Tier Distribution Amount: As to any calendar month the sum of:
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Lower Tier Classes. The Lower Tier Regular Classes and the Class 71-RL Certificate.
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Lower Tier Classes. The Lower Tier I Classes and the Lower Tier II Classes. Lower Tier I Distribution Amount: As to any calendar month the sum of:
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Examples of Lower Tier Classes in a sentence

  • If any one or more of the covenants, agreements, provisions or terms of this Trust Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Trust Agreement and shall in no way affect the validity or enforceability of the other provisions of this Trust Agreement or of the Certificates or Lower Tier Classes or the rights of the Holders thereof.

  • Any manner or manners in which the Certificate Account is maintained may at any time be changed without notice to, or the approval of, Holders of the Lower Tier Classes so long as funds held in the Lower Tier REMIC by, or for the account of, the Trustee shall at all times be identified.

  • Xxxxxx Mae shall be liable under the terms of the Lower Tier Classes, the Certificates and this Trust Agreement only to the extent of faithful performance of the duties and responsibilities imposed by the terms of the Lower Tier Classes, the Certificates and this Trust Agreement.

  • Xxxxxx Xxx shall be liable under the terms of the Lower Tier Classes, the Certificates and this Trust Agreement only to the extent of faithful performance of the duties and responsibilities imposed by the terms of the Lower Tier Classes, the Certificates and this Trust Agreement.

  • The rounding of principal payments on a Retail Class on any Payment Date may cause (i) interest payments on the related Assets on subsequent Payment Dates to be in excess of the interest required to be paid on the related Classes or (ii) in the case of a Double-Tier Series, interest payments on the related Lower- Tier Classes on subsequent Payment Dates to be in excess of the interest required to be paid on the Upper- Tier Classes for such Series.

  • Xxxxxx Xxx will distribute to the Holder of the Class 5-RL Certificate the proceeds of the remaining assets of the Lower Tier REMIC, if any, after the Class Balances of the Lower Tier Classes have been reduced to zero.

  • Xxxxxx Xxx will distribute to the Holder of the Class 40-RL Certificate the proceeds of the remaining assets of the Lower Tier REMIC, if any, after the Class Balances of the Lower Tier Classes have been reduced to zero.

  • Xxxxxx Xxx will distribute to the Holder of the Class 62-RL Certificate the proceeds of the remaining assets of the Lower Tier REMIC, if any, after the Class Balances of the Lower Tier Classes have been reduced to zero.

  • Xxxxxx Xxx will distribute to the Holder of the Class 8-RL Certificate the proceeds of the remaining assets of the Lower Tier REMIC, if any, after the Class Balances of the Lower Tier Classes have been reduced to zero.

  • Xxxxxx Xxx will distribute to the Holder of the Class 31-RL Certificate the proceeds of the remaining assets of the Lower Tier REMIC, if any, after the Class Balances of the Lower Tier Classes have been reduced to zero.


More Definitions of Lower Tier Classes

Lower Tier Classes. The Lower Tier Regular Classes and the RL Class Certificate. Lower Tier Distribution Amount: With respect to the Lower Tier REMIC, on any Distribution Date, an amount equal to the sum of (i) the Lower Tier Principal Distribution Amount for such Distribution Date and (ii) the Lower Tier Interest Distribution Amount for such Distribution Date.
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Lower Tier Classes. The Lower Tier REMIC 1 Classes and the Lower Tier REMIC 2 Classes.
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Related to Lower Tier 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 REMIC As described in the Preliminary Statement.

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

  • Class” or “Classes means any class or classes of Shares as may from time to time be issued by the Company;

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

  • Classes The Offered Certificates shall be issued with the following Class designations, interest rates and principal balances, subject in the aggregate to the variance referred to in Section 1(a)[and, as to any particular Class, to an upward or downward variance of up to [ ]%]: Principal Interest Class Purchase Class Balance Rate Price Percentage ----- ------- ---- ----------------

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular 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.

  • Scheduled Classes As specified in the Preliminary Statement.

  • Voting Classes means Classes 4 and 5.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Senior Class means, with respect to the Class B Notes, the Class A Notes.