Class S-1 Interest definition

Class S-1 Interest. Class S-2(1) Interest", "Class S-2(2) Interest", "Class S-2(3) Interest", "Class S-2(4) Interest", "Class S-2(5) Interest", "Class S-2(6) Interest", "Class S-2(7) Interest", "Class S-2(8) Interest", "Class S-2(9) Interest", "Class S-2(10) Interest", "Class S-2(11) Interest", "Class S-2(12) Interest", "Class S-2(13) Interest", "Class S-2(14) Interest", "Class S-2(15) Interest", "Class S-2(16) Interest", "Class S-2(17) Interest", "Class S-2(18) Interest", "Class S-2(19) Interest", "Class S-2(20) Interest", "Class S-2(21) Interest", "Class S-2(22) Interest" and "Class S-2(23) Interest", means, respectively, a regular interest in the Subsidiary REMIC which is held as an asset of the Intermediate REMIC, is entitled to monthly distributions as provided in Section 8.03(c), and has the Original Principal Balance and bears interest at the Remittance Rate, specified in Section 2.05(d).
Sample 1Sample 2
Class S-1 Interest. Class S-2(1) Interest," "Class S-2(2) Interest," ------------------ --------------------- --------------------- "Class S-2(3) Interest," "Class S-2(4) Interest," "Class S-2(5) Interest," --------------------- --------------------- --------------------- "Class S-2(6) Interest," "Class S-2(7) Interest," "Class S-2(8) Interest," --------------------- --------------------- --------------------- "Class S-2(9) Interest," "Class S-2(10) Interest," "Class S-2(11) Interest," --------------------- ---------------------- ---------------------- "Class S-2(12) Interest," "Class S-2(13) Interest," "Class S-2(14) Interest," ---------------------- ---------------------- ---------------------- "Class S-2(15) Interest," "Class S-2(16) Interest," "Class S-2(17) Interest," ---------------------- ---------------------- ---------------------- "Class S-2(18) Interest," "Class S-2(19) Interest," "Class S-2(20) Interest," ---------------------- ---------------------- ---------------------- "Class S-2(21) Interest," "Class S-2(22) Interest," "Class S-2(23) Interest," ---------------------- ---------------------- ---------------------- "Class S-2(24) Interest," "Class S-2(25) Interest," "Class S-2(26) Interest," ---------------------- ---------------------- ---------------------- "Class S-2(27) Interest," "Class S-2(28) Interest," "Class S-2(29) Interest," ---------------------- ---------------------- ---------------------- "Class S-2(30) Interest," "Class S-2(31) Interest" or "Class S-2(32) Interest": ---------------------- ---------------------- ---------------------- means, respectively, a regular interest in the Pooling REMIC which is held as an asset of the Intermediate REMIC, is entitled to monthly distributions as provided in Section 3 hereof, and has the Subsidiary Interest Principal Balance and bears interest at the Pass-Through Rate specified in Section 3 hereof.
Sample 1
Class S-1 Interest. Class S-2(1) Interest," "Class S-2(2) Interest," "Class S-2(3) Interest," "Class S-2(4) Interest," "Class S-2(5) Interest," "Class S-2(6) Interest," "Class S-2(7) Interest," "Class S-2(8) Interest," "Class S-2(9) Interest," "Class S-2(10) Interest," "Class S-2(11) Interest," "Class S-2(12) Interest," "Class S-2(13) Interest," "Class S-2(14) Interest," "Class S-2(15) Interest," "Class S-2(16) Interest," "Class S-2(17) Interest," "Class S-2(18) Interest," "Class S-2(19) Interest," "Class S-2(20) Interest," "Class S-2(21) Interest," "Class S-
Sample 1Sample 2

More Definitions of Class S-1 Interest

Class S-1 Interest. Class S-2(1) Interest," "Class S-2(2) Interest," "Class S-2(3) Interest," "Class S-2(4) Interest," "Class S-2(5) Interest," "Class S-2(6) Interest," "Class S-2(7) Interest," "Class S-2(8) Interest," "Class S-2(9) Interest," "Class S-2(10) Interest," "Class S-2(11) Interest," "Class S-2(12) Interest," "Class S-2(13) Interest," "Class S-2(14) Interest," "Class S-2(15) Interest," "Class S-2(16) Interest," "Class S-2(17) Interest," "Class S-2(18) Interest," "Class S-2(19) Interest," "Class S-2(20) Interest," "Class S-2(21) Interest," "Class S-2(22) Interest," "Class S-2(23) Interest," "Class S-2(24) Interest," "Class S-2(25) Interest," "Class S-2(26) Interest," "Class S-2(27) Interest," "Class S-2(28) Interest," "Class S-2(29) Interest," "Class S-2(30) Interest," "Class S-2(31) Interest" or "Class S-2(32) Interest": means, respectively, a regular interest in the Pooling REMIC which is held as an asset of the Intermediate REMIC, is entitled to monthly distributions as provided in Section 3 hereof, and has the Subsidiary Interest Principal Balance and bears interest at the Pass-Through Rate specified in Section 3 hereof.
Sample 1
Class S-1 Interest. Class S-2(1) Interest," "Class S-2(2) Interest," "Class S-2(3) Interest," "Class S-2(4) Interest," "Class S-2(5) Interest," "Class S-2(6) Interest," "Class S-2(7)
Sample 1
Class S-1 Interest. Class S-2(1) Interest," "Class S-2(2) Interest," ------------------ --------------------- --------------------- "Class S-2(3) Interest," "Class S-2(4) Interest" and "Class S-XIO Interest" --------------------- --------------------- -------------------- means, respectively, a regular interest in the Subsidiary REMIC which is held as an asset of the Intermediate REMIC, is entitled to monthly distributions as provided in Section 8.07(b), and has the Original Principal Balance and bears interest at the Pass-Through Rate specified in Section 2.05(d)(i).
Sample 1
Class S-1 Interest. Class S-2(1) Interest," "Class S-2(2) Interest," "Class S-2(3) Interest," "Class S-2(4) Interest" and "Class S-3 Interest" means, respectively, a regular interest in the Subsidiary REMIC which is held as an asset of the Intermediate REMIC, is entitled to monthly distributions as provided in Section 8.07(b), and has the Original Principal Balance and bears interest at the Pass-Through Rate specified in Section 2.05(d).
Sample 1

Related to Class S-1 Interest

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

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

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

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

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

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

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

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

  • 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.

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

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

  • Lower Tier Interest As described in the Preliminary Statement.

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

  • 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.

  • Original Class B-3 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-4 Principal Balance, the Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-3 Fractional Interest is specified in Section 11.18.

  • Original Class B-2 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-3 Principal Balance, the Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-2 Fractional Interest is specified in Section 11.17.

  • Original Class B-4 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-4 Fractional Interest is specified in Section 11.19.

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

  • Class C Certificate Any one of the Certificates with a “Class C” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

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