Lower Tier Regular Classes definition

Lower Tier Regular Classes. The Classes specified in the Lower Tier Schedule, other than the RL Class.
Sample 1Sample 2Sample 3
Lower Tier Regular Classes. The Lower Tier Classes specified in the Lower Tier Schedule other than the Class 29-RL Certificate.
Sample 1
Lower Tier Regular Classes. The Lower Tier I Regular Classes and the Lower Tier II Regular Classes.
Sample 1Sample 2

Examples of Lower Tier Regular Classes in a sentence

  • Xxxxxx Xxx, notwithstanding any such resignation, shall continue to be obligated under its guaranty of the Lower Tier Regular Classes and the Trust Fund Certificates pursuant to Sections 2.04 and 3.07.

  • No resignation shall become effective until a successor shall have been appointed and shall have assumed all duties imposed by the terms of this Trust Agreement; provided, however, that no successor to Xxxxxx Xxx in its corporate capacity hereunder shall be obligated to perform under Xxxxxx Mae’s guaranty of the Lower Tier Regular Classes and the Trust Fund Certificates pursuant to Sections 2.04 and 3.07.

  • Distributions on the Lower Tier Regular Classes shall be made to the Trustee of the Trust Fund by transfer of immediately available funds to the Trust Account.

  • The aggregate amount of principal and interest distributable in respect of the Lower Tier Regular Classes during any calendar month shall equal the Lower Tier Distribution Amount for such calendar month.

  • The Lower Tier Regular Classes shall be issued as non-certificated interests and recorded on the records of the Lower Tier REMIC as being issued to and held by the Trustee of the Trust Fund.

  • On each Distribution Date, Xxxxxx Xxx shall withdraw from the Certificate Account the portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of the related Lower Tier Regular Classes in the respective amounts and in the applicable manner determined pursuant to Section 2.02.

  • Xxxxxx Mae, acting in its capacity as Trustee for the Lower Tier REMIC, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Xxx, acting in its capacity as Trustee for the Trust Fund established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Lower Tier Regular Classes, including all payments of principal and interest thereon received after the month of the Issue Date.

  • On each Distribution Date, the Lower Tier Principal Distribution Amount shall be applied as principal of particular Lower Tier Regular Classes in amounts corresponding to the respective amounts required to be applied as principal of their related Companion Classes, from the Principal Distribution Amount as provided herein.

  • All computations of interest accrued on the Lower Tier Regular Classes shall be made as if each year consisted of twelve months of 30 days each.

  • All computations of interest accrued on the Lower Tier Regular Classes shall be made as if each year consisted of twelve months of thirty days each.


More Definitions of Lower Tier Regular Classes

Lower Tier Regular Classes. The Lower Tier REMIC 1 Regular Classes and the Lower Tier REMIC 2 Regular Classes.
Sample 1
Lower Tier Regular Classes. The Lower Tier Classes other than the Class 5-RL Certificate.
Sample 1

Related to Lower Tier Regular Classes

  • 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.

  • 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.

  • Regular Certificates As specified in the Preliminary Statement.

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

  • REMIC III Regular Interests The Classes of undivided beneficial interests in REMIC III designated as “regular interests” in the table titled “REMIC III Interests” in the Preliminary Statement hereto.

  • Lower Tier Interest As described in the Preliminary Statement.

  • REMIC 2 Regular Interest Each of the REMIC 2 Interests other than the Class LT2-R Interest.

  • REMIC II Regular Interests The Classes of undivided beneficial interests in REMIC II designated as “regular interests” in the table titled “REMIC II Interests” in the Preliminary Statement hereto. The REMIC II Regular Interests, together with the Class R-2 Residual Interest, 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.

  • Regular interest A “regular interest” in a REMIC within the meaning of Section 860G(a)(1) of the Code.

  • REMIC I Regular Interests The Classes of undivided beneficial interests in REMIC I designated as “regular interests” in the table titled “REMIC I Interests” in the Preliminary Statement hereto. The REMIC I Regular Interests, together with the Class R-1 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC I Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • REMIC 1 Regular Interest Each of the REMIC 1 Interests other than the Class LT1-R Interest.

  • REMIC III Regular Interest The Class CE Interest, Class P Interest, Class IO Interest or any Regular Interest in REMIC III the ownership of which is represented by any of the Class A Certificates or Class M Certificates.

  • Regular Certificate Any Class A Certificate, Mezzanine Certificate, Class CE Certificate or Class P Certificate.

  • Class A-L Regular Interests The Class A-1A-L, Class A-1B-L and Class A-1C-L Regular Interests.

  • REMIC II Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a “regular interest” in REMIC II. Each REMIC II Regular Interest shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC II Regular Interests are set forth in the Preliminary Statement hereto.