REMIC I Regular Interest LTA definition
REMIC I Regular Interest LTA. 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.
Examples of REMIC I Regular Interest LTA in a sentence
All Realized Losses on the Mortgage Loans not otherwise covered by payments from Reserve Fund I pursuant to Section 4.07 shall be allocated by the Trustee on each Distribution Date to Uncertificated REMIC I Regular Interest LTA until the Uncertificated Principal Balance has been reduced to zero and then to Uncertificated REMIC I Regular Interest LTB until the Uncertificated Principal Balance has been reduced to zero.
Uncertificated REMIC I Regular Interests: Uncertificated REMIC I Regular Interest LTAA, Uncertificated REMIC I Regular Interest LTA, Uncertificated REMIC I Regular Interest LTM1, Uncertificated REMIC I Regular Interest LTM2, Uncertificated REMIC I Regular Interest LTZZ and Uncertificated REMIC I Regular Interest LTP.