Corresponding Lower-Tier Regular Interest definition

Corresponding Lower-Tier Regular Interest. As identified in the Preliminary Statement with respect to any Class of Principal Balance Certificates or Component.
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Corresponding Lower-Tier Regular Interest. As identified in the Preliminary Statement with respect to any Class of Regular Certificates, Class PEZ Regular Interest or Component.
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Corresponding Lower-Tier Regular Interest. As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates, the Class VRR Upper-Tier Regular Interest or any Component.
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Examples of Corresponding Lower-Tier Regular Interest in a sentence

  • Each Class of Regular Certificates (other than the Class X Certificates) and each Class PEZ Regular Interest constitutes the “Corresponding Certificates” with respect to that Class’ or Class PEZ Regular Interest’s Corresponding Lower-Tier Regular Interest and Corresponding Component.

  • Each Class of Regular Certificates (other than the Class X Certificates) and each Class EC Regular Interest constitutes the “Corresponding Certificates” with respect to that Class’ or Class EC Regular Interest’s Corresponding Lower-Tier Regular Interest and Corresponding Component.

  • All distributions made in respect of interest on any Class of Regular Certificates (other than the Class X Certificates) [and any Class PEZ Regular Interest] on each Distribution Date pursuant to Section 4.01(b), Section 4.01(d) or Section 9.01 shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of its Corresponding Lower-Tier Regular Interest set forth in the Preliminary Statement hereto.

  • All distributions of reimbursements of Realized Losses made in respect of any Class of Regular Certificates (other than the Class X Certificates) [and any Class PEZ Regular Interest] on each Distribution Date pursuant to Section 4.01(b), Section 4.01(d) or Section 9.01 shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of its Corresponding Lower-Tier Regular Interest.

  • All distributions made in respect of principal of any Class of Regular Certificates (other than the Class X Certificates) [and any Class PEZ Regular Interest] on each Distribution Date pursuant to Section 4.01(b), Section 4.01(d) or Section 9.01 shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of its Corresponding Lower-Tier Regular Interest set forth in the Preliminary Statement hereto.

  • All distributions made in respect of the Class X Certificates on each Distribution Date pursuant to Section 4.01(b), Section 4.01(d) or Section 9.01, and allocable to any particular Component of such Class of Certificates in accordance with the last paragraph of Section 4.01(b), shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of such Component’s Corresponding Lower-Tier Regular Interest.

  • All distributions made in respect of the Class X Certificates on each Distribution Date pursuant to Section 4.01(b), Section 4.01(d) and Section 9.01, and allocable to any particular Component of such Class of Certificates in accordance with the last paragraph of Section 4.01(b), shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of such Component’s Corresponding Lower-Tier Regular Interest.


More Definitions of Corresponding Lower-Tier Regular Interest

Corresponding Lower-Tier Regular Interest. As defined in the Preliminary Statement with respect to any Class of Corresponding Certificates.
Sample 1Sample 2Sample 3
Corresponding Lower-Tier Regular Interest. As identified in the Preliminary Statement with respect to any Class of Corresponding Certificates or any Component of the Class X Certificates.
Sample 1Sample 2Sample 3

Related to Corresponding Lower-Tier Regular Interest

  • Lower-Tier Regular Interests The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Lower-Tier REMIC, designated as the Class XX-0, Xxxxx XX-0, Class LA-3, Class LA-4, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and Class LVRR Lower-Tier Regular Interests.