Class MTA-1 Interest definition

Class MTA-1 Interest. An uncertificated regular interest in the Middle Tier REMIC with an initial principal balance equal to the initial principal balance of the Related Certificates and bearing interest at the lesser of (i) the greater of (x) One-Month LIBOR plus the Class A-1 Margin and (y) for the first twenty-four Distribution Dates, 2.30% plus the Class A-1 Margin, and, for subsequent Distribution Dates, 1.80% plus the Class A-1 Margin and (ii) the Net Rate. For the first Distribution Date, the percentage described in clause (i) of the preceding sentence will equal 1.360%.
Sample 1
Class MTA-1 Interest. An uncertificated regular interest in the Middle Tier REMIC with an initial principal balance equal to the initial principal balance of the Related Certificates and bearing interest at the lesser of (i) the greater of (x) One-Month LIBOR plus the Class A-1 Margin and (y) 2.00% plus the Class A-1 Margin and (ii) the Net Rate. Notwithstanding the foregoing, for the first Distribution Date, the percentage described in clause (i) of the preceding sentence shall be multiplied by a fraction, the numerator of which is the actual number of days in the Accrual Period for the Related Certificates and the denominator of which is 30.
Sample 1

Related to Class MTA-1 Interest

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

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

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

  • Class M-1 Interest Carry Forward Amount As of any Distribution Date, the sum of (1) the excess of (A) the Class M-1 Current Interest with respect to prior Distribution Dates over (B) the amount actually distributed to the Class M-1 Certificates with respect to interest on such prior Distribution Dates and (2) interest on such excess (to the extent permitted by applicable law) at the Class M-1 Pass-Through Rate for the related Accrual Period.

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

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

  • Class B-1 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-1 and Exhibit C hereto. Class B-1 Certificateholder: The registered holder of a Class B-1 Certificate.

  • Class A-7 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-7 and Exhibit C hereto.

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

  • Class I-A-1 Certificate Any Certificate designated as a "Class I-A-1 Certificate" on the face thereof, in the form of Exhibit A-1 hereto, representing the right to the Percentage Interest of distributions provided for the Class I-A-1 Certificates as set forth herein and evidencing a Regular Interest in REMIC II.

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

  • Lower Tier Interest As described in the Preliminary Statement.

  • Class M Certificate Any one of the Certificates designated as a Class M-1 Certificate, Class M-2 Certificate or Class M-3 Certificate.

  • Class A-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-5 and Exhibit C hereto. Class A-5 Certificateholder: The registered holder of a Class A-5 Certificate.

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Class A-1 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-1 hereto.

  • Class M Certificates Any of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5 and Class M-6 Certificates.

  • Class A-3 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-3 hereto.

  • Class B-1 Certificates All Certificates bearing the class designation of "Class B-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 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.