Uncertificated Lower-Tier Interests definition

Uncertificated Lower-Tier Interests. Any of the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF and Class LNR Uncertificated Interests.
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Uncertificated Lower-Tier Interests. Any of the Class LA, Class LB, Class LC, Class LD and Class LE Uncertificated Interests.
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Uncertificated Lower-Tier Interests. [Any of the Class LA-1-1, Class LA-1-2, Class LA-1-3, Class LA-1-4, Class LA-1A-1, Class LA-1A-2, Class LA-1A-3, Class LA-1A-4, Class LA-1A-5, Class LA-1A-6, Class LA-1A-7, Class LA-1A-8, Class LA-1A-9, Class LA-1A-10, Class LA-1A-11, Class LA-1A-12, Class LA-1A-13, Class LA-1A-14, Class LA-1A-15, Class LA-2-1, Class LA-2-2, Class LA-2-3, Class LA-2-4, Class LA-2-5, Class LA-2-6, Class LA-2FL-1, Class LA-2FL-2, Class LA-2FL-3, Class LA-2FL-4, Class LA-2FL-5, Class LA-2FL-6, Class LA-3-1, Class LA-3-2, Class LA-4-1, Class LA-4-2, Class LA-4-3, Class LA-4-4, Class LA-4-5, Class LA-4-6, Class LA-SB-1, Class LA-SB-2, Class LA-SB-3, Class LA-SB-4, Class LA-SB-5, Class LA-SB-6, Class LA-M, Class LA-J, Class LB, Class LC, Class LD-1, Class LD-2, Class LD-3, Class LE-1, Class LE-2, Class LE-3, Class LF-1, Class LF-2, Class LF-3, Class LG-1, Class LG-2, Class LH-1, Class LH-2, Class LH-3, Class LJ, Class LK-1, Class LK-2, Class LL, Class LM, Class LN, Class LP and Class LNR] Uncertificated Interests.
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Examples of Uncertificated Lower-Tier Interests in a sentence

  • The Uncertificated Lower-Tier Interests shall constitute the "regular interests" in the Lower-Tier REMIC.

  • Each such election will be made on Form 1066 or other appropriate federal tax return for the taxable year ending on the last day of the calendar year in which the Uncertificated Lower-Tier Interests and the Certificates are issued.

  • Such amount shall be distributed in respect of interest and principal in respect of the Uncertificated Lower-Tier Interests in the same amounts as distributed to their Corresponding Upper-Tier Class or Classes in the manner specified in Section 4.01(a)(ii).

  • The Trustee acknowledges (i) the assignment to it of the Mortgage Loans and (ii) the issuance of and hereby declares that it holds the Uncertificated Lower-Tier Interests on behalf of the Upper-Tier REMIC and Certificateholders.

  • The Certificates and the Uncertificated Lower-Tier Interests will represent the entire beneficial ownership interest in the Trust.


More Definitions of Uncertificated Lower-Tier Interests

Uncertificated Lower-Tier Interests. Any of the Class A-L1, Class A-L2, Class A-L9, Class AP-L, Class AIO-L, Class A-LUR, Class M-L, Class B-L1, Class B-L2, Class B-L3, Class B-L4 and Class B-L5 Interests.
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Uncertificated Lower-Tier Interests. Any of the Class XX-0, Xxxxx XX-0, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG, Class LH, Class LI, Class LJ and Class LWAC Uncertificated Interests.
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Uncertificated Lower-Tier Interests. The Uncertificated Lower-Tier Regular Interests and the LR interest, which represents the sole class of residual interest in the Lower-Tier REMIC.
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Uncertificated Lower-Tier Interests. Any of the Class LA-1-1, Class LA-1-2, Class LA-1-3, Class LA-1-4, Class LA-1-5, Class LA-1-6, Class LA-1A-1, Class LA-1A-2, Class LA-1A-3, Class LA-1A-4, Class LA-1A-5, Class LA-1A-6, Class LA-1A-7, Class LA-1A-8, Class LA-2-1, Class LA-2-2, Class LA-2-3, Class LB, Class LC, Class LD, Class LE, Class LF-1, Class LF-2, Class LG-1, Class LG-2, Class LH-1, Class LH-2, Class LJ, Class LK, Class LL-1, Class LL-2, Class LM, Class LN, Class LP, Class LNR, Class LPS-1, Class LPS-2, Class LPS-3, Class LPS-4, Class LPS-5, Class LPS-6 and Class LPS-7 Uncertificated Interests.
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Uncertificated Lower-Tier Interests. Any of the Class L-RB, Class L-RQ, Class L-SB and Class L-SQ Uncertificated Interests.
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Uncertificated Lower-Tier Interests. 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.
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Uncertificated Lower-Tier Interests means any of the 30 separate non-certificated beneficial ownership interests in the Lower-Tier REMIC issued hereunder and designated as a "regular interest" in the Lower-Tier REMIC. Each Uncertificated Lower-Tier Interest shall accrue interest at the Weighted Average Net Mortgage Rate, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The designations for the respective Uncertificated Lower-Tier Interests are set forth in the Preliminary Statement hereto.
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