Class Y-2 Principal Reduction Amount definition

Class Y-2 Principal Reduction Amount. The Class Y Principal Reduction Amount for the Class Y-2 Regular Interest as determined pursuant to the provisons of the Appendix 1.
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Class Y-2 Principal Reduction Amount. The Class Y Principal Reduction Amount for the Class Y-2 Regular Interest as determined pursuant to the provisions of the Appendix A. Class Y-2 Regular Interest: The uncertificated undivided beneficial interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein.
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Class Y-2 Principal Reduction Amount. The Class Y Principal Reduction Amount for the Class Y-2 Regular Interest as determined pursuant to the provisions of the Appendix A. Class Y-2 Regular Interest: The uncertificated undivided beneficial interest in REMIC I which constitutes a REMIC I Regular Interest and is entitled to distributions as set forth herein. Class Y-3 Principal Distribution Amount: For any Distribution Date, the excess, if any, of the Class Y-3 Principal Reduction Amount for such Distribution Date over the principal portion of Realized Losses allocated to the Class Y-3 Regular Interest on such Distribution Date.
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Examples of Class Y-2 Principal Reduction Amount in a sentence

  • Such amount shall be allocated first to the Class II-LTY and II-LTY2 Regular Interests up to the Class Y-1 Principal Reduction Amount and Class Y-2 Principal Reduction Amount, respectively, and thereafter the remainder shall be allocated to the Class II-LT1 Regular Interest.

  • Such amount shall be allocated first to the Class LTY1, LTY2, LTY3, LTY4 and LTY5 Regular Interests up to the Class Y1 Principal Reduction Amount, Class Y2 Principal Reduction Amount, Class Y3 Principal Reduction Amount, Class Y4 Principal Reduction Amount and Class Y5 Principal Reduction Amount, respectively and thereafter the remainder shall be allocated to the Class LT1 Regular Interest.

  • Such amount shall be allocated first to the Class III-LTY1, III‑LTY2, III‑LTY3 and III‑LTY4 Regular Interests up to the Class Y-1 Principal Reduction Amount, Class Y-2 Principal Reduction Amount, Class Y-3 Principal Reduction Amount and Class Y-4 Principal Reduction Amount, respectively and thereafter the remainder shall be allocated to the Class III-LT1 Regular Interest.

  • Such amount shall be allocated first to the Class LTY1 and LTY2 Regular Interests up to the Class Y1 Principal Reduction Amount, Class Y2 Principal Reduction Amount and Class Y3 Principal Reduction Amount, respectively and thereafter the remainder shall be allocated to the Class LT1 Regular Interest.

  • Such amount shall be allocated first to the Class LTY and, LTY2 Regular Interests up to the Class Y1 Principal Reduction Amount and Class Y2 Principal Reduction Amount, respectively, and thereafter the remainder shall be allocated to the Class LT1 Regular Interest.

  • Such amount shall be allocated first to the Class LTY1, LTY2 and LTY3 Regular Interests up to the Class Y1 Principal Reduction Amount, Class Y2 Principal Reduction Amount and Class Y3 Principal Reduction Amount, respectively and thereafter the remainder shall be allocated to the Class LT1 Regular Interest.