Senior Regular Interests definition

Senior Regular Interests. The Group I-L and Group II-L Regular Interests. Senior Subordinate Certificates: The Subordinate Certificates other than the Junior Subordinate Certificates. Servicer: A mortgage loan servicing institution to which the Master Servicer has assigned servicing duties with respect to any Mortgage Loan under a Selling and Servicing Contract; provided, however, the Master Servicer may designate itself or one or more other mortgage loan servicing institutions as Servicer upon termination of an initial Servicer's servicing duties.
Sample 1Sample 2Sample 3
Senior Regular Interests. The Class A-P-L, Class A-X-L, Group I-L, Group II-L and Group III-L Regular Interests. Senior Subordinate Certificates: The Subordinate Certificates other than the Junior Subordinate Certificates. Servicer: A mortgage loan servicing institution to which the Master Servicer has assigned servicing duties with respect to any Mortgage Loan under a Selling and Servicing Contract; provided, however, the Master Servicer may designate itself or one or more other mortgage loan servicing institutions as Servicer upon termination of an initial Servicer's servicing duties.
Sample 1Sample 2Sample 3
Senior Regular Interests. The Group 1-A-L, Group 2-A-L, Group 3-A-L, Group 4-A-L and Group 5-A-L Regular Interests. Senior Subordinate Certificates: The Subordinate Certificates other than the Junior Subordinate Certificates. Servicer: Washington Mutual Bank, or any successor thereto appointed as provided pursuant to Section 7.02, acting to service and administer the Mortgage Loans pursuant to Section 3.01.
Sample 1

Examples of Senior Regular Interests in a sentence

  • The Component Mortgage Loan REMIC Regular Interests will consist of the Component Mortgage Loan REMIC Senior Regular Interests and the Component Mortgage Loan REMIC Subordinate Regular Interests.

  • The Component Mortgage Loan REMIC Senior Regular Interests will not be certificated and will be held by REMIC I.

  • Senior Regular Interests: The Class C-P-L, Class C-X-L, Group I-L, Group II-L and Group III-L Regular Interests.

  • Senior Regular Interests: The Class C-P-M, Class III-P-M, Class C-X-M, Class III-X-M, Group I-M, Group II-M and Group III-A-M Regular Interests.

  • Conveyance of REMIC I Senior Regular Interests; Acceptance of REMIC II by Trustee................................................................72 SECTION 2.07.

  • Final distributions on the Component Mortgage Loan REMIC Senior Regular Interests and the REMIC I Regular Interests shall be deemed to be made on such date as provided in Section 4.01(a)(ii), Section 4.01(b), Section 4.01(c)(iv), Section 4.01(j) and Section 4.01(k).

  • Final distributions on the Component Mortgage Loan REMIC Senior Regular Interests and the REMIC I Regular Interests shall be deemed to be made on such date as provided in Section 4.01(a)(ii), Section 4.01(b), Section 4.01(c)(iv), Section 4.01(j), Section 4.01(k) and Section 4.01(l).

  • Final distributions on the Component Mortgage Loan REMIC Senior Regular Interests and the REMIC I Regular Interests shall be made on such date as provided in Section 4.01(a)(ii), Section 4.01(b), Section 4.01(c)(iv), Section 4.01(i) and Section 4.01(j).

  • Conveyance of REMIC I Senior Regular Interests; Acceptance of REMIC II by Trustee......................................................


More Definitions of Senior Regular Interests

Senior Regular Interests. The Subgroup 1 REMIC II and Subgroup 2 REMIC II Regular Interests. Senior Subordinate Certificates: The Subordinate Certificates other than the Junior Subordinate Certificates.
Sample 1
Senior Regular Interests. The Class A-L and Class P-L Regular Interests.
Sample 1
Senior Regular Interests. The Group I-L Regular Interests, the Group II-L Regular Interests, the Group III-L Regular Interests, the Group IV-L Regular Interests and the Class R-3-L Regular Interest.
Sample 1

Related to Senior Regular Interests

  • 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.

  • 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, Class LT-B-2, Class LT-Group I, Class LT-Group II and Class LT-Accrual Interests as described in the Preliminary Statement.

  • Class A-L Regular Interests The Class A-1A-L, Class A-1B-L and Class A-1C-L Regular Interests.

  • REMIC 2 Regular Interests One of the separate non-certificated beneficial ownership interests in REMIC 2 issued hereunder and designated as a Regular Interest in REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related Uncertificated REMIC 2 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. The following is a list of each of the REMIC 2 Regular Interests: REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTA1, REMIC 2 Regular Interest LTA2, REMIC 2 Regular Interest LTA3, REMIC 2 Regular Interest LTA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest LTM10, REMIC 2 Regular Interest LTZZ, REMIC 2 Regular Interest LTP and REMIC 2 Regular Interest LTIO.

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

  • REMIC I Regular Interests The Classes of undivided beneficial interests in REMIC I designated as “regular interests” in the table titled “REMIC I Interests” in the Preliminary Statement hereto. The REMIC I Regular Interests, together with the Class R-1 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC I Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • REMIC 1 Regular Interests REMIC 1 Regular Interest LT1A, REMIC 1 Regular Interest LT1B, REMIC 1 Regular Interest LT1C, REMIC 1 Regular Interest LT1D and REMIC 1 Regular Interest LT1P.

  • REMIC III Regular Interests The Classes of undivided beneficial interests in REMIC III designated as “regular interests” in the table titled “REMIC III Interests” in the Preliminary Statement hereto.

  • REMIC II Regular Interests The Classes of undivided beneficial interests in REMIC II designated as “regular interests” in the table titled “REMIC II Interests” in the Preliminary Statement hereto. The REMIC II Regular Interests, together with the Class R-2 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Regular interest A “regular interest” in a REMIC within the meaning of Section 860G(a)(1) of the Code.

  • REMIC Regular Interests The REMIC I Regular Interests and REMIC II Regular Interests.

  • Regular Interests (i) With respect to REMIC I, the REMIC I Regular Interests and (ii) with respect to REMIC II, the REMIC II Regular Interests.

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

  • REMIC 2 Regular Interest Each of the REMIC 2 Interests other than the Class LT2-R Interest.

  • REMIC I Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a "regular interest" in REMIC I. Each REMIC I Regular Interest 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. The designations for the respective REMIC I Regular Interests are set forth in the Preliminary Statement hereto.

  • REMIC II Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a “regular interest” in REMIC II. Each REMIC II Regular Interest shall accrue interest at the related REMIC II 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. The designations for the respective REMIC II Regular Interests are set forth in the Preliminary Statement hereto.

  • REMIC III Regular Interest The Class CE Interest, Class P Interest, Class IO Interest or any Regular Interest in REMIC III the ownership of which is represented by any of the Class A Certificates or Class M Certificates.

  • REMIC 1 Regular Interest Each of the REMIC 1 Interests other than the Class LT1-R Interest.

  • REMIC I Regular Interest I-LTP 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 I-LTP shall be entitled to any Prepayment Charges collected by the Master Servicer and to a distribution 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.

  • L Regular Interest The uncertificated undivided beneficial interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein.

  • Corresponding Lower-Tier Regular Interest As identified in the Preliminary Statement with respect to any Class of Principal Balance Certificates or Component.

  • REMIC Regular Interest Any REMIC I Regular Interest or REMIC II Regular Interest.

  • Senior Certificates As specified in the Preliminary Statement.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • Group 2 Senior Certificates As specified in the Preliminary Statement.