Lower-Tier Interest Sample Clauses
The Lower-Tier Interest clause defines the rights or obligations associated with interests held by parties at a subordinate or junior level within a financial or contractual structure. Typically, this clause outlines how lower-tier interests are treated in relation to senior or higher-priority interests, such as specifying the order of payment or distribution in the event of liquidation or default. By clearly establishing the hierarchy and treatment of lower-tier interests, the clause helps manage risk and ensures all parties understand their position and potential returns or losses within the overall structure.
Lower-Tier Interest. Any one of the interests in the Lower-Tier REMIC as described in the Preliminary Statement to this Agreement.
Lower-Tier Interest. Any one of the interests in Lower-Tier REMIC 1 or Lower-Tier REMIC 2 as described in the Preliminary Statement. Lower-Tier REMIC 1: As described in the Preliminary Statement. Lower-Tier REMIC 2: As described in the Preliminary Statement. M&T: M&T Mortgage Corporation or its successor in interest. M&T Mortgage Loan: Each Mortgage Loan originated by M&T and listed on the Mortgage Loan Schedule. M&T Purchase Agreement: Each agreement between the Seller and M&T listed under the heading “Purchase and Servicing Agreements” in Exhibit E hereto. Margin: As to each Mortgage Loan, the percentage amount set forth on the related Mortgage Note added to the Index in calculating the Mortgage Rate thereon.
Lower-Tier Interest. Any one of the interests in Lower-Tier REMIC 1 or Lower-Tier REMIC 2 as described in the Preliminary Statement. Lower-Tier REMIC 1: As described in the Preliminary Statement. Lower-Tier REMIC 2: As described in the Preliminary Statement. M&T: M&T Mortgage Corporation or any successor in interest. M&T Mortgage Loan: Each Mortgage Loan originated by M&T and listed on the Mortgage Loan Schedule. M&T Purchase Agreement: Each agreement between the Seller and M&T listed under the heading “Purchase Agreements” in Exhibit E hereto. Market Street: Market Street Mortgage Corporation or any successor in interest.
Lower-Tier Interest. Any one of the interests in Lower-Tier REMIC 1 or Lower-Tier REMIC 2 as described in the Preliminary Statement. Lower-Tier REMIC 1: As described in the Preliminary Statement.
Lower-Tier Interest. R2 shall bear interest at a rate equal to the product of (x) 2 and (y) the Weighted Average Net Mortgage Rate.
Lower-Tier Interest. Any one of the interests in Lower-Tier REMIC 1 or Lower-Tier REMIC 2 as described in the Preliminary Statement. Lower-Tier REMIC 1: As described in the Preliminary Statement. Lower-Tier REMIC 2: As described in the Preliminary Statement. M&T: M&T Mortgage Corporation, or any successor in interest. M&T Mortgage Loan: Each Mortgage Loan originated by M&T and listed on the Mortgage Loan Schedule. M&T Purchase and Servicing Agreement: Master Mortgage Loan Purchase and Servicing Agreement dated as of December 1, 2005, between M&T Mortgage Corporation and the Seller and listed in Exhibit E hereto. Margin: As to each Mortgage Loan, the percentage amount set forth on the related Mortgage Note added to the Index in calculating the Mortgage Rate thereon.
Lower-Tier Interest. Any one of the interests in the Lower-Tier REMIC as described in the Preliminary Statement.
Lower-Tier Interest. Any one of the interests in Lower-Tier REMIC 1 or Lower-Tier REMIC 2 as described in the Preliminary Statement. Lower-Tier REMIC 1: As described in the Preliminary Statement. Lower-Tier REMIC 2: As described in the Preliminary Statement. M&T: M&T Mortgage Corporation, or any successor in interest.