Corresponding Interest definition

Corresponding Interest. With respect to each REMIC I Regular Interest (other than REMIC I Regular Interests AA and ZZ), the REMIC II Regular Interest with the corresponding designation.

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Corresponding Interest. With respect to each REMIC I Regular Interest set forth below, the corresponding REMIC II Regular Interest Component set forth below: REMIC I REGULAR INTEREST REMIC II REGULAR RATE CHANGE DATE INTEREST COMPONENT LTI-IO-A IO-1 November 2004 LTI-IO-B IO-2 May 2005 LTI-IO-C IO-3 November 2005

Corresponding Interest. With respect to each Uncertificated REMIC I Regular Interest, the Uncertificated REMIC II Regular Interest with the corresponding designation.

Examples of Corresponding Interest in a sentence

• The interest calculation formula shall be: Loan Balance × Loan Interest Rate × Actually Accrued Days of the Loan During the Corresponding Interest Period ÷ 360 Days.

• The calculation formula for the Capital Interest shall be: Loan Balance × Capital Interest Rate × Actually Accrued Days of the Loan During the Corresponding Interest Period ÷ 360.

• All Realized Losses on the REMIC II Regular Interests shall be allocated in the same order and priority as Realized Losses are allocated to the Corresponding Interest.

• The interest calculation formula shall be: Loan Balance × Loan Interest Rate × Actually Accrued Days of the Loan during the Corresponding Interest Period ÷ 360 Days.

• Each component will have (a) a rate of 5.00% per annum from the Closing Date to but not including the Rate Change Date for such component and thereafter a rate of 0.00% and (b) an uncertificated notional amount equal to the Uncertificated Principal Balance of the REMIC I Regular Interest for which such component is the Corresponding Interest.

More Definitions of Corresponding Interest

Corresponding Interest. With respect to each REMIC I Regular Interest (other than REMIC I Regular Interest I-R-2) and each REMIC II Regular Interest, the REMIC III Regular Interest with the corresponding designation, and with respect to REMIC I Regular Interest I-R-2, the Class I-R-2 Interest. Countrywide: Countrywide Home Loans Servicing LP.

Corresponding Interest. With respect to each REMIC I Regular Interest set forth below, the corresponding REMIC II Regular Interest Component set forth below:

Corresponding Interest. With respect to each Uncertificated REMIC I Regular Interest, the Uncertificated REMIC II Regular Interest with the corresponding designation. CROSS-OVER DATE: The first Distribution Date on which the aggregate Certificate Principal Balance of the Subordinated Certificates has been reduced to zero (giving effect to all distributions on such Distribution Date).

Corresponding Interest. With respect to each REMIC I Regular Interest (other than REMIC I Regular Interests AA and ZZ), the REMIC II Regular Interest with the corresponding designation. Counterparty: Bear ▇▇▇▇▇▇▇ Financial Products Inc.

Corresponding Interest. With respect to each REMIC I Regular Interest set forth below, the corresponding REMIC II Regular Interest Component set forth below: REMIC I REGULAR INTEREST REMIC II Regular Rate Change Date Interest Component LT-A-2 MT-AIO-1 February 2003 LT-A-3 MT-AIO-2 March 2003 LT-A-4 MT-AIO-3 April 2003 LT-A-5 MT-AIO-4 May 2003 LT-A-6 MT-AIO-5 June 2003 LT-A-7 MT-AIO-6 July 2003

Corresponding Interest. With respect to each REMIC I Regular Interest, the REMIC II Regular Interest with the corresponding designation. With respect to each REMIC II Regular Interest, the REMIC III Regular Interest with the corresponding designation. Credit Enhancement Percentage: for any Distribution Date is the percentage obtained by dividing (x) the aggregate Certificate Principal Balance of the Subordinate Certificates (which includes the Overcollateralization Amount) by (y) the aggregate principal balance of the Loans (including amounts on deposit in the pre-funding account), calculated after taking into account distributions of principal on the Loans and distribution of the Principal Distribution Amount to the holders of the Certificates then entitled to distributions of principal on the Distribution Date. Credit Risk Management Agreement or Credit Risk Management Agreements: Each agreement between the Credit Risk Manager and a Servicer or the Master Servicer, regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.

Corresponding Interest. With respect to each REMIC I Regular Interest (other than REMIC I Regular Interests AA and ZZ), the REMIC II Regular Interest with the corresponding designation. Cross-Over Date: The first Distribution Date on which the aggregate Certificate Principal Balance of the related Subordinate Certificates has been reduced to zero (giving effect to all related distributions on such Distribution Date).