Class M-4 Interest definition

Class M-4 Interest. An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class M-4 Certificates, evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.
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Class M-4 Interest. Rate: With respect to any Payment Date, the least of:
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Examples of Class M-4 Interest in a sentence

  • With respect to any distributions to be made on the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class CE Certificates or the Class P Certificates pursuant to Section 4.01(a)(2), (3) or (4) such distributions will be made first, on the Class M-3 Interest, the Class M-4 Interest, the Class M-5 Interest, the Class CE Interest or the Class P Interest, as applicable, and then, on the related Class of Certificates.

  • On the Closing Date, the Depositor shall deposit into the Class M Interest Reserve Fund an amount equal to the sum of the Class M-4 Interest Reserve Fund Amount, the Class M-5 Interest Reserve Fund Amount, the Class M-6 Interest Reserve Fund Amount and the Class M-7 Interest Reserve Fund Amount.

  • The Class A Certificates, the Class M-1 Certificates, the Class M-2 Interest, the Class M-3 Interest, the Class M-4 Interest, the Class M-5 Interest, the Class CE Interest and the Class P Interest shall be designated as the Regular Interests in REMIC II and the Class R-II Interest shall be designated as the Residual Interest in REMIC II.

  • The Class A Certificates, the Mezzanine Certificates (other than the Class M-4 Certificates), the Class M-4 Interest, the Class CE Interest and the Class P Interest shall be designated as the Regular Interests in REMIC III and the Class R-III Interest shall be designated as the Residual Interest in REMIC III.

  • The Trustee acknowledges the assignment to it of the Class M-2 Interest, Class M-3 Interest, Class M-4 Interest, Class M-5 Interest, Class CE Interest and Class P Interest and, concurrently therewith and in exchange therefor, pursuant to the written request of the Depositor executed by an officer of the Depositor or the Trustee has executed, authenticated and delivered to or upon the order of the Depositor, the Class R-X Certificates in authorized denominations.

  • Conveyance of the Class M-4 Interest; Acceptance of REMIC VI by the Trustee.......................................63 SECTION 2.13.

  • Conveyance of the Class M-4 Interest; Acceptance of REMIC V by the Trustee........................................63 SECTION 2.12.

  • The Trustee acknowledges the assignment to it of the Class M-3 Interest, the Class M-4 Interest, the Class CE Interest and the Class P Interest and, concurrently therewith and in exchange therefor, pursuant to the written request of the Depositor executed by an officer of the Depositor, the Trust Administrator has executed, authenticated and delivered to or upon the order of the Depositor, the Class R-III Certificates in authorized denominations.

  • Conveyance of the Class M-4 Interest; Acceptance of REMIC III by the Trustee......................................................................-55- SECTION 2.10.

  • The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee without recourse all the right, title and interest of the Depositor in and to the Class M4 Interest in REMIC II for the benefit of the R-X-2 interest and the Class M4 Certificateholders.