Lower Tier Interests definition

Lower Tier Interests. The Lower Tier Regular Interests and the RL Class Certificate. Lower Tier Distribution Amount: With respect to the Lower Tier REMIC and any Distribution Date, an amount equal to the sum of (i) the Lower Tier Interest Distribution Amount for such Distribution Date and (ii) the Lower Tier Principal Distribution Amount for such Distribution Date.

Lower Tier Interests. As defined in Section 2.8(c) hereof.

Lower Tier Interests. The Lower Tier Regular Interests and the Class 11-RL Certificate. Lower Tier Principal Distribution Amount: With respect to any Distribution Date, the Cash Flow Distribution Amount for such Distribution Date.

Examples of Lower Tier Interests in a sentence

• Xxxxxx Mae shall be liable under the terms of the Lower Tier Interests, the Certificates and this Trust Agreement only to the extent of faithful performance of the duties and responsibilities imposed by the terms of the Lower Tier Interests, the Certificates and this Trust Agreement.

• If any one or more of the covenants, agreements, provisions or terms of this Trust Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Trust Agreement and shall in no way affect the validity or enforceability of the other provisions of this Trust Agreement or of the Certificates or Lower Tier Interests or the rights of the Holders thereof.

• If any one or more of the covenants, agreements, provisions or terms of this Trust Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Trust Agreement and shall in no way affect the validity or enforceability of the other provisions of this Trust Agreement or of the Certificates or the Lower Tier Interests or the rights of the Holders thereof.

• Any manner or manners in which the Certificate-LT Account is maintained may at any time be changed (but must comply with clauses (i), (ii) or (iii)) without notice to, or the approval of, Holders of the Lower Tier Interests so long as funds held in the Lower Tier REMIC by, or for the account of, the Trustee shall at all times be identified.

• Xxxxxx Xxx shall be liable under the terms of the Lower Tier Interests, the Certificates and this Trust Agreement only to the extent of faithful performance of the duties and responsibilities imposed by the terms of the Lower Tier Interests, the Certificates and this Trust Agreement.

More Definitions of Lower Tier Interests

Lower Tier Interests. As to any Two Tier Series or Three Tier Series, the Lower Tier Regular Interests and the RL Class Certificate of such Series.

Lower Tier Interests. As described in the Preliminary Statement.

Lower Tier Interests. The Lower Tier Regular Interests and the Class 4-RL Certificate.

Lower Tier Interests. The Lower Tier Regular Interests and the RL Class Certificate.

Lower Tier Interests. The Lower Tier Regular Interests and the Class LR Interest.

Lower Tier Interests. The Lower Tier Regular Interests and the Class 7-RL Certificate. Lower Tier Principal Distribution Amount: With respect to a particular Distribution date, an amount equal to the sum of (i) the Cash Flow Distribution Amount for such Distribution Date and (ii) the Lower Tier Accrual Amount for such Distribution Date.

Lower Tier Interests means [ o ].