REMIC I Regular Interest LTP definition

REMIC I Regular Interest LTP. One of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a regular interest in REMIC I for purposes of the REMIC Provisions. REMIC I Regular Interest LTP shall accrue interest at the related Uncertificated REMIC I Pass-Through 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 Principal Balance as set forth in the Preliminary Statement hereto.
View Source

Examples of REMIC I Regular Interest LTP in a sentence

  • On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest LT-P.

  • The payment of the foregoing amounts to the Holders of REMIC I Regular Interest LT-P shall not reduce the Uncertificated Principal Balance thereof.

  • On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period will be distributed by REMIC I to the Holders of REMIC I Regular Interest LTP.

  • The payment of the foregoing amounts to the Holders of REMIC I Regular Interest LTP shall not reduce the Uncertificated Balance thereof.

  • Interest shall be payable to each REMIC I Regular Interest (other than REMIC I Regular Interest LT-4PO and REMIC I Regular Interest LT-P) at the related Uncertificated REMIC I Pass-Through Rate on each such REMIC I Regular Interest’s Uncertificated Principal Balance.

  • The payment of the foregoing amounts to the Holders of REMIC I Regular Interest LT-P shall not reduce the Uncertificated Balance thereof.

  • 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.

  • On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Prepayment Charge Schedule, $100 shall be deemed distributed in respect of REMIC I Regular Interest LT-P in reduction of the Uncertificated Principal Balance thereof.

  • REMIC II Regular Interest MT-P shall be entitled to 100% of the amounts distributed on REMIC I Regular Interest LT-P.

  • All Prepayment Charges in respect of the Group I Mortgage Loans shall be distributed to REMIC I Regular Interest LT-P.