Class TA-2 Interest definition

Class TA-2 Interest. A regular interest in REMIC A that is held as an asset of REMIC B and has a principal balance equal to the Class TA-2 Principal Amount and bears interest at the Weighted Average Net Mortgage Rate.
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Examples of Class TA-2 Interest in a sentence

  • Any shortfalls of interest will be allocated, first, to the Class TB-4 Interest to the extent that interest shortfalls are allocated to the Class TA-4 Interest; second, to the Class TB-1 Interest to the extent that interest shortfalls are allocated to the Class TA-1 Interest; and third, pro rata, to the Class TB-2 and Class TB-AIO Interests to the extent that interest shortfalls are allocated to the Class TA-2 Interest.

  • Any shortfalls of interest will be allocated, first, to the Class TA-4 Interest, second, to the Class TA-1 Interest, and third, to Class TA-2 Interest.

  • Any shortfalls of interest allocated to the Class TQ-1 and TQ-2 Interests in REMIC Q shall be allocated, first, to the Class TA-4 Interest, second, to the Class TA-1 Interest, third, to Class TA-2 Interest and fourth, any remaining interest shortfalls with respect to the Group 1 Mortgage Loans shall be allocated to the Class TA-101 Interest and any remaining interest shortfalls with respect to the Group 2 Mortgage Loans shall be allocated to the Class TA-102 Interest.

  • Such aggregate amount shall be allocated first to the Class TA-1, Class TA-101 and TA-102 Interests so that the Cxxxx XX-000 Xxxxxxxx xxx xxx Class TA-102 Interest have principal balances equal the amounts described in the definitions of Class TA-101 Principal Amount and Class TA-102 Principal Amount, respectively, with any remaining amounts allocated to the Class TA-1 Interest, until such Classes are reduced to zero and second to the Class TA-2 Interest, until such Class is reduced to zero.

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  • Realized Losses shall be allocated first to the Class TA-4 Interest, until such Class is reduced to zero, second to the Class TA-1 Interest, until such Class is reduced to zero, and third to the Class TA-2 Interest, until such Class is reduced to zero.

  • Such aggregate amount shall be allocated first to the Class TA-1 Interest, until such Class is reduced to zero and second to the Class TA-2 Interest, until such Class is reduced to zero.

  • Any shortfalls of interest on the Group II Mortgage Loans will be allocated, first, to the Class TA-2 Interest, and then to the remaining REMIC A Regular Interests beginning with the numeral "2," in numerical order.

  • Amounts in reduction of principal balance of the REMIC A Regular Interests in respect of Loan Group II shall be allocated first, to the Class TA-2 Interest and then to the remaining REMIC A Regular Interests beginning with the numeral "2," in numerical order.

  • Such aggregate amount shall be allocated first to the Class TA-1 Interest, until such Class is reduced to the Principal Balance of the Adjustable-Rate Mortgage Loans, second to the Class TA-2 Interest, until such Class is reduced to zero and third to the Class TA-1 Interest, until such Class is reduced to zero.

Related to Class TA-2 Interest

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

  • Class A-2 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

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

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

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

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

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

  • 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 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 A-2 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A-2 Interest Distributable Amount for such Payment Date and any outstanding Class A-2 Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A-2 Interest Carryover Shortfall at the Class A-2 Rate, to the extent lawful, calculated on the same basis as interest on the Class A-2 Notes for the same period), over (y) the amount of interest distributed to the Class A-2 Noteholders on such Payment Date.

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

  • REMIC 2 Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA minus the Marker Rate, divided by (b) 12.

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

  • Class B-2 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-2 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-2 Certificates on such Distribution Date pursuant to Paragraph eighth of Section 4.01(a).

  • Class B-1 Pass-Through Rate For the first Distribution Date, 6.4350% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-1 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.

  • Class B-3 Pass-Through Rate For the first Distribution Date, 4.120% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-3 Margin, (2) the Weighted Maximum Rate Cap and (3) the Available Funds Cap for such Distribution Date.

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

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

  • Class A-2 Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.278%.

  • Class M-2 Interest Carry Forward Amount As of any Distribution Date, the sum of (1) the excess of (A) the Class M-2 Current Interest with respect to prior Distribution Dates over (B) the amount actually distributed to the Class M-2 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-2 Pass-Through Rate for the related Accrual Period.

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • Class B-2 Pass-Through Rate For the first Distribution Date, 6.850% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-2 Margin,

  • 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 B Pass-Through Rate As to any Distribution Date, 6.750% per annum.