Class M-2 Note definition

Class M-2 Note. Any one of the Class M-2 Notes executed, authenticated and delivered by the Indenture Trustee, substantially in the form annexed as Exhibit A-6 to the Indenture.

Class M-2 Note. Any Note executed and authenticated by the Securities Administrator substantially in the form attached hereto as Exhibit A-1 and designated as a Class M-2 Note.

Class M-2 Note means any Closed-End Home Equity Loan Asset Backed Notes, Series 2006-1, Class M-2, issued and executed by the Issuer and authenticated by the Administrator substantially in the form of Exhibit A hereto.

Examples of Class M-2 Note in a sentence

• To the extent any interest accruing at the applicable Series 2021-1 Class M-2 Note Rate is not paid when due, such unpaid interest will accrue interest at the Series 2021-1 Class M-2 Note Rate.

• The unpaid principal amount of this Class M-2 Note may be reduced by the allocation to it (in accordance with Section 5.20 of the Indenture) of Class M-2 Realized Loss Amounts without any corresponding payment.

• All computations of interest at the Series 2021-1 Class M-2 Note Rate shall be made on a 30/360 Day Basis.

• In the case of information furnished pursuant to clauses (ii) and (iii) of Section 3.18, the amounts shall be expressed, in a separate section of the report, as a dollar amount per Class A-1 Note, Class A-2 Note, Class M-1 Note or Class M-2 Note, as applicable, for each Note for each $1,000 original dollar amount as of the Cut-Off Date.

• The Class I-A-1, Class I-A-2, Class II-A-1, Class II-A-2, Class M-1 and Class M-2 Notes shall have initial principal amounts of the Initial Class I-A-1 Note Balance, Initial Class I-A-2 Note Balance, Initial Class II-A-1 Note Balance, Initial Class II-A-2 Note Balance, Initial Class M-1 Note Balance and Initial Class M-2 Note Balance, respectively.

More Definitions of Class M-2 Note

Class M-2 Note. Any Note designated as a Class M-2 Note on the face thereof, substantially in the form of Exhibit B hereto.

Class M-2 Note. Any one of the Class M-2 Notes authorized by the Indenture, substantially in the form annexed as Exhibit A-3 to the Indenture.

Class M-2 Note. Any Class M-2 Note in the form attached to the Indenture as Exhibit A.

Class M-2 Note. A Note denominated as a Class M-2 Note.

Class M-2 Note. Any Note designated as a "Class M-2 Note" on the face thereof, in the form of Exhibit A-2 hereto, representing the right to payments as set forth herein.

Class M-2 Note. Any floating rate Note designated as a Class M-2 Note on the face thereof, substantially in the form of Exhibit E to the Indenture. Closing Date: October 15, 2003. Code: The Internal Revenue Code of 1986, as amended from time to time, and any Treasury Regulations promulgated thereunder.

Class M-2 Note. Any one of the Notes designated on the face thereof as a Class M-2 Note, executed by the Owner Trustee, on behalf of the REMIC Trust, and authenticated and delivered by the Indenture Trustee, in the form attached as an exhibit to the REMIC Indenture, and evidencing a Regular Interest in the REMIC Trust for purposes of the REMIC Provisions.