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.

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.

• Realized Losses shall be allocated to REMIC 1 Regular Interest LTARR-1 and REMIC 1 Regular Interest LTARR-2 in the same manner and priority as such losses are allocated to the Corresponding Interest.

• 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.

• 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.

• 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.

More Definitions of Corresponding Interest

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 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 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 Xxxxxxx Financial Products Inc.

Corresponding Interest. With respect to each REMIC I Regular Interest (other than REMIC I Regular Interests AA, ZZ, 1-Sub, 2-Sub, 1-Grp, 2-Grp, XX, C and P), the REMIC II Regular Interest with the corresponding designation. Corridor Contracts: Any of the Class I-A-1 Interest Rate Corridor Contract and the Class II-A-1 Interest Rate Corridor Contract. Corridor Contract Counterparty: Bear Xxxxxxx 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 II Regular Interest (other than REMIC II Regular Interests AA, ZZ, 1-Sub, 2-Sub, 1-Grp, 2-Grp, XX, IO and P), the REMIC III Regular Interest with the corresponding designation. Corridor Contracts: The Class I-1A Corridor Contract, the Class I-2A Corridor Contract and the Subordinate Corridor Contracts, each dated as of April 28, 2006, between the Trustee and the Corridor Contract Provider. Corridor Contract Provider: The corridor contract provider under the Corridor Contracts required to make payments to the Securities Administrator for payment to the Trust Fund pursuant to the terms of this Agreement, and any successor in interest or assign. Initially, the Corridor Contract Provider shall be Wachovia Bank, N.A.