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.

• 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.

• 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.

• 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.

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. Corridor Contract Counterparty: Bear Sxxxxxx Financial Products, Inc.

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. Corridor Contract Counterparty: The corridor contract counterparty under the Class A-1 Corridor Contract. Initially, the Corridor Contract Counterparty shall be Bear Xxxxxxx Financial Products Inc.

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: Wachovia Bank, National Association.

Corresponding Interest. With respect to REMIC I Regular Interests A-1-A, A-1-B and A-2, the REMIC II Regular Interest with the corresponding designation. With respect to REMIC I Regular Interest A, REMIC II Regular Interests A-3, A-4, A-5, A-0, X-0, X-0, X-0, X-0, X-0, X-0 xnd B-6.