REMIC I Regular Interest LT2 definition

REMIC I Regular Interest LT2. A regular interest in REMIC I that is held as an asset of REMIC II, that has an initial principal balance equal to the related Uncertificated Principal Balance, that bears interest at the related Uncertificated REMIC I Pass-Through Rate, and that has such other terms as are described herein.
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REMIC I Regular Interest LT2. One of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a Regular Interest in REMIC I. REMIC I Regular Interest LT2 shall accrue interest at the related REMIC I Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.
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REMIC I Regular Interest LT2. A regular interest in REMIC I that is held as an asset of REMIC II, that has an initial principal balance equal to the related Uncertificated Principal Balance, that bears interest at the related Uncertificated REMIC I Pass-Through Rate, and that has such other terms as are described herein. REMIC I Regular Interest LT2 Principal Distribution Amount: For any Distribution Date, the excess, if any, of the REMIC I Regular Interest LT2 Principal Reduction Amount for such Distribution Date over the Realized Losses allocated to the REMIC I Regular Interest LT2 on such Distribution Date. REMIC I Regular Interest LT3: A regular interest in REMIC I that is held as an asset of REMIC II, that has an initial principal balance equal to the related Uncertificated Principal Balance, that bears interest at the related Uncertificated REMIC I Pass-Through Rate, and that has such other terms as are described herein. REMIC I Regular Interest LT3 Principal Distribution Amount: For any Distribution Date, the excess, if any, of the REMIC I Regular Interest LT3 Principal Reduction Amount for such Distribution Date over the Realized Losses allocated to the REMIC I Regular Interest LT3 on such Distribution Date. REMIC I Regular Interest LT4: A regular interest in REMIC I that is held as an asset of REMIC II, that has an initial principal balance equal to the related Uncertificated Principal Balance, that bears interest at the related Uncertificated REMIC I Pass-Through Rate, and that has such other terms as are described herein. REMIC I Regular Interest LT4 Principal Distribution Amount: For any Distribution Date, the excess, if any, of the REMIC I Regular Interest LT4 Principal Reduction Amount for such Distribution Date over the Realized Losses allocated to the REMIC I Regular Interest LT4 on such Distribution Date.
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Examples of REMIC I Regular Interest LT2 in a sentence

  • ΔY2 = the REMIC I Regular Interest LT2 Principal Reduction Amount.

  • Y2 = the Uncertificated Principal Balance of REMIC I Regular Interest LT2 after distributions on the prior Distribution Date.

  • For any Distribution Date, the excess, if any, of the REMIC I Regular Interest LT2 Principal Reduction Amount for such Distribution Date over the Realized Losses allocated to the REMIC I Regular Interest LT2 on such Distribution Date.

  • REMIC I Regular Interest LT1, REMIC I Regular Interest LT2, REMIC I Regular Interest LT2PF and REMIC I Regular Interest LT3.

  • On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate, and on each Distribution Date, the Class R-I Certificates shall be entitled to the excess, if any, of the REMIC I Remittance Rate on the REMIC I Regular Interest LT1 over the REMIC I Remittance Rate on the REMIC I Regular Interest LT2 on the Uncertificated Balance of the REMIC I Regular Interest LT2.

  • Thereafter, principal and interest shall be payable to, and shortfalls, losses and prepayments are allocable to, (i) REMIC I Regular Interests LT-1 and LT-PF1, pro rata, and (ii) REMIC I Regular Interest LT-2, as such amounts are attributable to the Group 1 Mortgage Loans and the Group 2 Mortgage Loans, respectively.

  • On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate and on each Distribution Date, the Class R-I Certificates shall be entitled to the excess, if any, of the REMIC I Remittance Rate on the REMIC I Regular Interest LT1 over the REMIC I Remittance Rate on the REMIC I Regular Interest LT2 calculated on the Uncertificated Balance of REMIC I Regular Interest LT2.

  • On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate and on each Distribution Date, the Class R-I Certificates shall be entitled to the excess, if any, of the REMIC I Remittance Rate on REMIC I Regular Interest LT1 over the REMIC I Remittance Rate on REMIC I Regular Interest LT2 on the Uncertificated Balance of REMIC I Regular Interest LT2.

  • Y2 = the Class Principal Balance of the REMIC I Regular Interest LT2 after distributions, the allocation of Net Negative Amortization and the allocation of Realized Losses on the prior Distribution Date.

  • Any MSGS Participant who is on long-term disability leave and receiving long-term disability benefits under the MSG Sports & Entertainment, LLC Long Term Disability Plan as of the Effective Date shall continue to receive benefits under the MSG Sports & Entertainment, LLC Long Term Disability Plan in accordance with the provisions of such Plan following the Effective Date.