Class B-4 Interest definition

Class B-4 Interest. An uncertificated interest in REMIC 2 held by the Trustee on behalf of the holders of the Class B-4 Certificates and representing a regular interest in REMIC 2.
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Class B-4 Interest. The Upper Tier Regular Interest held by the Class B-4 REMIC as specified and described in the Preliminary Statement and the related footnote thereto.
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Class B-4 Interest. An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class B-4 Certificates, evidencing a Regular Interest in REMIC 2 for purposes of the REMIC Provisions. The “Class B-4 Principal Distribution Amount “ is an amount equal to the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates (after taking into account the distribution of the Class M-8 Principal Distribution Amount on such Distribution Date), (x) the Certificate Principal Balance of the Class M-9 Certificates (after taking into account the distribution of the Class M-9 Principal Distribution Amount on such Distribution Date), (xi) the Certificate Principal Balance of the Class B-1 Certificates (after taking into account the distribution of the Class B-1 Principal Distribution Amount on such Distribution Date), (xii) the Certificate Principal Balance of the Class B-2 Certificates (after taking into account the distribution of the Class B...
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Examples of Class B-4 Interest in a sentence

  • Amounts payable to the Class B-4 Certificates (other than any Basis Risk Carry Forward Amounts) shall be deemed paid from the Upper Tier REMIC in respect of the Class B-4 Interest to the Class B-4 REMIC as holder of the Class B-4 Interest.

  • Any increase in principal balance due to a Subsequent Recovery allocated to the Class B-4 Certificates will increase the balance of the REMIC 2 Class B-4 Interest by the same amount.

  • With respect to any distributions to be made on the Class B-2 Certificates, the Class B-3 Certificates or the Class B-4 Certificates pursuant to this Section 4.01, such distributions will be made first, on the Class B-2 Interest, the Class B-3 Interest or the Class B-4 Interest, as applicable, and then, on the related Class of Certificates.

  • The Assumed Final Distribution Date is the Distribution Date in the month following the latest scheduled maturity date of any Mortgage Loan.] [For Class B-4] [Interest on this Certificate will accrue from and including the immediately preceding Distribution Date (or with respect to the First Distribution Date, the Closing Date) to and including the day prior to the current Distribution Date on the Certificate Principal Balance hereof at a per annum rate equal to the Pass-Through Rate set forth above.

  • I-17 Class B-4 Interest Shortfall Amount................................................................

  • Amounts payable to the Class B-4 Certificates (other than any Basis Risk Carry Forward Amounts) shall be deemed paid from the Upper-Tier REMIC in respect of the Class B-4 Interest to the Class B-4 REMIC as holder of the Class B-4 Interest.

  • With respect to any distributions to be made on the Class B-1 Certificates or the Class B-4 Certificates pursuant to this Section 4.01, such distributions will be made first, on the Class B-1 Interest or the Class B-4 Interest, as applicable, and then, on the related Class of Certificates.

  • The Class B-4 REMIC shall hold as an asset the Class B-4 Interest issued by the Upper Tier REMIC, the Class B-4 Certificates shall represent ownership of the regular interest issued by the Class B-4 REMIC and the Class B4-R Interest shall represent the sole class of residual interest in the Class B-4 REMIC.

  • Amounts payable to the Class B-4 Certificates (other than any Basis Risk Carry Forward Amounts) shall be deemed paid (i) first, from the Upper Tier REMIC in respect of the Class B-4 Interest to the Class B-4 REMIC as holder of the Class B-4 Interest and (ii) then, from the Class B-4 REMIC in respect of the Class B-4 REMIC Regular Interest to the holders of the Class B-4 Certificates.

  • Amounts payable to the Class B-4 Certificates (other than any Basis Risk Carry Forward Amounts) shall be deemed paid (i) first, from the Upper Tier REMIC in respect of the Class B-4 Interest to the Class B-4 REMIC as holder of the Class B-4 Interest and (ii) then from the Class B-4 REMIC in respect of the Class B-4 REMIC Regular Interest to the holders of the Class B-4 Certificates.


More Definitions of Class B-4 Interest

Class B-4 Interest. An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class B-4 Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.
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Related to Class B-4 Interest

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Class B-4 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Percentage for such Distribution Date will be zero.

  • Class B-4 Principal Balance As to the first Determination Date, the Original Class B-4 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-4 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-4 Certificates on prior Distribution Dates (A) pursuant to Paragraph sixteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-4 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance and the Class B-3 Principal Balance as of such Determination Date.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Original Class B-4 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-4 Fractional Interest is specified in Section 11.19.

  • Original Class B-3 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-4 Principal Balance, the Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-3 Fractional Interest is specified in Section 11.18.

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-1".