A2 Regular Interest definition

A2 Regular Interest. The uncertificated undivided beneficial interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein.
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Examples of A2 Regular Interest in a sentence

  • The Certificate Principal Amount of each of the Class [A-1] and Class [A-2] Regular Interest will equal the aggregate of the applicable Percentage Interests of the Class [A-1] and Class [A-2] Certificates, respectively, and of the related component of the Class [EC] Certificates.

  • All payments with respect to the Class A-2 and Class A-6 Certificates shall be considered to have been made solely from the Class A-2 Regular Interest of REMIC I.

  • On each Distribution Date, the amount of any Net Aggregate Prepayment Interest Shortfalls on the REMIC III Regular Interests shall be allocated to each Class of Certificates (other than the Class A-2 Certificates) and the Class A-2 Regular Interest, pro rata, in proportion to the amount of Accrued Certificate Interest payable to such Class of Certificates or Class A-2 Regular Interest on such Distribution Date, in each case reducing interest otherwise payable thereon.

  • Losses of interest allocated to the Class A-2 Regular Interest reduce the interest distributable to the Class A-2 Certificates by an equivalent amount.

  • Any amounts of Net Aggregate Prepayment Interest Shortfalls allocated to the Class A-2 Regular Interest shall reduce the amount of interest distributable to the Class A-2 Certificates by an equivalent amount.

  • The principal balance of the Class A-2 Regular Interest is equal to the sum of the principal balances of the Class A-2 and A-6 Certificates.

  • Accrued interest on any Certificate (other than the Class A-2 Certificates) and on the Class A-2 Regular Interest shall be calculated based upon a 360-day year consisting of twelve 30-day months and accrued interest on the Class A-2 Certificates shall be calculated on the basis of the actual number of days elapsed in the related Interest Accrual Period and a 360-day year.

  • The "regular interests" (within the meaning of Section 860G(a)(1) of the Code) of REMIC I shall consist of the Class A-1 Regular Interest, the Class A-2 Regular Interest, the Class A-3 Regular Interest, the Class A-P Regular Interest, the A-X Regular Interest and the Subordinate Regular Interest.

  • Any termination payments due to the Swap Counterparty under the Swap Contract shall be payable solely from any portion of the Fixed Interest Distribution remaining after all other amounts have been paid under the Class A-2 Regular Interest and the Class A-2 Certificates (including all Unpaid Interest and principal amounts outstanding).

  • The Class A-2 Regular Interest shall be considered to have three components, each with a notional principal amount equal to the principal balance of one of the Class A-▇, ▇▇▇▇▇ ▇-▇, and Class A-8 REMIC I Regular Interests and interest rates of 3.00%, 1.25% and 0.25% per annum, respectively.