Class LT2 Interest definition

Class LT2 Interest. A regular interest in REMIC I that is held as an asset of REMIC II that has a principal balance as of any date equal to 1% of the Class A-1 Principal Balance and bears interest at the Net Group 1 Weighted Average Mortgage Interest Rate.
Sample 1
Class LT2 Interest. A regular interest in the Lower-Tier REMIC that is held as an asset of the Upper-Tier REMIC that has an initial principal balance equal to the Original Class A-2F Principal Balance and bears interest at the Net Fixed Rate Group Weighted Average Mortgage Interest Rate.
Sample 1
Class LT2 Interest. A regular interest in REMIC 1 that is held as an asset of REMIC 2 that has an initial principal balance equal to 1% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date and bears interest at the Net WAC Rate and has such other terms as are described in Section 4.06 hereof.
Sample 1

Examples of Class LT2 Interest in a sentence

  • The amount of interest accrued and deferred on the Class LT3 Interest under the preceding sentence shall be distributed as principal to the Class LT2 Interest.

  • The remaining 2% of Realized Losses will be allocated to the Class LT3 Interest to the extent that the principal balance of the Class LT3 Interest exceeds 1% of the aggregate Stated Principal Balance of the Mortgage Loans and then equally between the Class LT2 Interest and the Class LT3 Interest.

  • Financial instruments are fundamental to the Company's activities and, as a consequence the risks associated with financial instruments represents a significant component of the risks faced by the Company.

  • But when chinook started to run, there was a big drop in sturgeon predation as the sea lions turned to more favored prey, Rien added.

  • The Class LT3 Accrual Amount will be added to the principal balance of the Class LT3 Interest and will be used to reduce the principal balance of the Class LT2 Interest.


More Definitions of Class LT2 Interest

Class LT2 Interest. As defined in the Preliminary Statement.
Sample 1

Related to Class LT2 Interest

  • Class R-2 Interest The uncertificated Residual Interest in REMIC 2.

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

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

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

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

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

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

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

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

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

  • Class R-5 Interest The uncertificated Residual Interest in REMIC 5.

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

  • 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.

  • Lower Tier Interest As described in the Preliminary Statement.

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

  • Class LC 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.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class P designation on the face thereof, substantially in the form of Exhibit A-5 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • 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.