Class LTII2B Interest definition

Class LTII2B Interest. An uncertificated regular interest in the Lower Tier REMIC with an initial principal balance equal to 0.05% of the aggregate Cut-off Date Principal Balance of the Group Two Mortgage Loans and with an interest rate equal to the rate set forth in footnote 10 to the description of the Lower Tier REMIC in the Preliminary Statement.
Sample 1Sample 2Sample 3
Class LTII2B Interest. An uncertificated regular interest in REMIC 1 with an initial principal balance equal to 0.05% of the sum of (x) the aggregate Cut-off Date Principal Balance of the Group II Mortgage Loans and (y) the portion of the Original Pre-Funded Amount related to Group II, and with an interest rate equal to the Group II Available Funds Cap.
Sample 1

Examples of Class LTII2B Interest in a sentence

  • In the case of the Class UTA-2A and Class UTA-2B Interests, a per annum rate equal to the excess of (i) the weighted average of the interest rate of the Class LTII2B Interest for such Distribution Date over (ii) the Class A Certificate Guaranty Insurance Premium Rate.

Related to Class LTII2B Interest

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

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as 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-3 Interest The uncertificated Residual Interest in REMIC 3.

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

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

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

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

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

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

  • Class B Interests As set forth in the Trust Agreement.

  • Lower Tier Interest As described in the Preliminary Statement.

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

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

  • 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 C Monthly Interest is defined in Section 4.1(c).

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).