Lower Tier Accrual Class definition

Lower Tier Accrual Class. Lower Tier Class 5.
Sample 1Sample 2Sample 3
Lower Tier Accrual Class. Lower Tier Class 18.
Sample 1
Lower Tier Accrual Class. Lower Tier Class 15.
Sample 1

Examples of Lower Tier Accrual Class in a sentence

  • Interest accrued on each Lower Tier Accrual Class during each Interest Accrual Period shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.

  • On each Distribution Date, except as provided below with respect to each Lower Tier Accrual Class, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied first to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and second to the principal thereof as described below.

  • Interest accrued on each Class of Lower Tier Regular Classes for the related Interest Accrual Period at the applicable Interest Rate shall be distributed on each applicable Distribution Date, except as specified below in the case of each Lower Tier Accrual Class.

  • Interest accrued on the Lower Tier Accrual Class during each Interest Accrual Period shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.

  • Interest accrued on each Class of Lower Tier Regular Classes for the related Interest Accrual Period at the applicable Interest Rate shall be distributed on each applicable Distribution Date, except as specified below in the case of the Lower Tier Accrual Class.

  • On each Distribution Date, except as provided below with respect to the Lower Tier Accrual Class, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied, first, to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and, second, to the principal thereof as described below.

  • Interest accrued on each Class of Lower Tier Regular Classes for the related Interest Accrual Period at the applicable Interest Rate shall be distributed on each applicable Distribution Date except as specified below in the case of each Lower Tier Accrual Class.

  • On each Distribution Date, except as provided below with respect to the Lower Tier Accrual Class, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied first to the distribution of interest accrued on each applicable Class of Lower Tier Regular Classes during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and second to the principal thereof as described below.

  • Interest accrued on each Lower Tier Accrual Class during each Interest Accrual Period prior to the Interest Accrual Period relating to the Initial Interest Distribution Date for the applicable Companion Class shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Date.

  • Interest accrued on each Lower Tier Accrual Class during each Interest Accrual Period shall not be distributed thereon as interest but shall instead be added to the Class Balance thereof on the related Distribution Dates.


More Definitions of Lower Tier Accrual Class

Lower Tier Accrual Class. Lower Tier Class 3.
Sample 1Sample 2Sample 3
Lower Tier Accrual Class. Lower Tier Interest 8.
Sample 1

Related to Lower Tier Accrual Class

  • Lower Tier Interest As described in the Preliminary Statement.

  • Lower-Tier Regular Interest Each of the Class LT-A-1, Class LT-A-2, Class LT-M-1, Class LT-M-2, Class LT-B-1 and Class LT-Accrual Interests as described in the Preliminary Statement.

  • Lower-Tier REMIC As described in the Preliminary Statement.

  • 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.

  • Upper-Tier Regular Interest As described in the Preliminary Statement.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

  • Lower Tier Principal Distribution Amount With respect to any calendar month, the sum of (i) the Cash Flow Distribution Amount and (ii) the Lower Tier Accrual Amount, if any.

  • Upper-Tier REMIC As described in the Preliminary Statement.