Class LE Uncertificated Interest definition
Class LE Uncertificated Interest. An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.
Class LE Uncertificated Interest. A regular interest in REMIC I which is held as an asset of REMIC II and having the initial Uncertificated Principal Balance and REMIC I Remittance Rate set forth in Section 4.01(c).