Regular Interest definition

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

Regular Interest means such rate as the director may

Regular Interest. Any one of the regular interests in the Trust Fund.

Examples of Regular Interest in a sentence

• Any duplicate Certificate so issued shall constitute complete and indefeasible evidence of ownership of that portion of the Regular Interest or Residual Interest of the related REMIC Pool, or that portion of the related MACR Pool, represented thereby, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

• For federal income tax purposes, the X-IO Interest will represent ownership of the UT-XIO Regular Interest described in Section 2.22 of the Indenture.

• For federal income tax purposes, the X-IO Interest will represent ownership of the UT-XIO Regular Interest described in Section 2.23 of the Indenture.

• A REMIC Certificate issued pursuant to this Agreement, which is all or part of either a Regular Class or a Residual Class and which represents all or part of either a Regular Interest or a Residual Interest in a particular REMIC Pool.

• The total amount of interest to be distributed with respect to any Lower Tier Regular Interest on any Distribution Date shall be equal to interest at the applicable Interest Rate on the Class Balance of such Lower Tier Regular Interest prior to such Distribution Date.

More Definitions of Regular Interest

Regular Interest in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

Regular Interest. A “regular interest” in a REMIC within the meaning of Section 860G(a)(1) of the Code. Regulation AB: Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.

Regular Interest. As described in the Preliminary Statement.

Regular Interest. An interest in a REMIC that is designated in the Trust Agreement as a “regular interest” under the REMIC Provisions.

Regular Interest means interest at rates set from time to time by the board.

Regular Interest means interest at a rate set by the retirement board in accordance with 19-20-501(2).

Regular Interest means interest at any rates for the respective funds and accounts as the public employees retirement board may determine from time to time.