Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest and Class 4-LS Interest are Uncertificated Lower-Tier Interests.
Uncertificated Lower-Tier Interest. Any of the Class A-L1 Interest, the Class A-L2 Interest, the Class A-LPO Interest, the Class A-LUR Interest, the Class B-L1 Interest, the Class B-L2 Interest, the Class B-L3 Interest, the Class B-L4 Interest, the Class B-L5 Interest and the Class B-L6 Interest.
Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Middle-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LIO Interest, Class 1-LPO Interest, Class 1-LS Interest, Class 1-LSES Interest, Class 2-L Interest, Class 2-LIO Interest, Class 2-LPO Interest, Class 2-LS Interest, Class 2-LSES Interest, Class 3-L Interest, Class 3-LIO Interest, Class 3-LPO Interest, Class 3-LS Interest, Class 3-LSES Interest, Class 4-L Interest, Class 4-LIO Interest, Class 4-LPO Interest, Class 4-LS Interest and Class 4-LSES Interest are Uncertificated Lower-Tier Interests.
Examples of Uncertificated Lower-Tier Interest in a sentence
Any Non-Supported Interest Shortfalls will be allocated to each Uncertificated Lower-Tier Interest in the same relative proportions as interest is allocated to such Uncertificated Lower-Tier Interest.
The initial principal balance of each Uncertificated Lower-Tier Interest equals the Original Principal Balances of the respective Corresponding Upper-Tier Class or Classes.
Such amounts distributed to the Uncertificated Lower-Tier Interests in respect of principal and interest with respect to any Distribution Date are referred to herein collectively as the "Lower-Tier Distribution Amount." As of any date, the principal balance of each Uncertificated Lower-Tier Interest equals the Principal Balances of the respective Corresponding Upper-Tier Class or Classes.
On each Distribution Date, each Uncertificated Lower-Tier Interest shall receive distributions in respect of principal in an amount equal to the amount of principal distributed to its respective Corresponding Upper-Tier Class or Classes as provided herein.
The initial principal balance of each Uncertificated Lower-Tier Interest shall equal the respective Original Lower-Tier Principal Amount.
More Definitions of Uncertificated Lower-Tier Interest
Uncertificated Lower-Tier Interest. Any of the Class LA, Class LB, Class LVRR and LUVRR Uncertificated Interests.
Uncertificated Lower-Tier Interest. Any of the Class I-L Interest, the Class I-LS Interest, the Class II-L Interest and the Class II-LS Interest.
Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class A-L1, Class A-L2, Class A-L4, Class A-L6, Class A-L9, Class A-L17, Class A-L18, Class A-L21, Class A-LPO, Class A-LUR, Class B-L1, Class B-L2, Class B-L3, Class B-L4, Class B-L5 and Class B-L6 Interests are Uncertificated Lower-Tier Interests.
Uncertificated Lower-Tier Interest. Any of the Class A-L1 Interest, the Class A-L2 Interest, the Class A-L3 Interest, the Class A-L4 Interest, the Class A-L5 Interest, the Class A-L6 Interest, the Class A-L8 Interest, the Class A-L10 Interest, the Class A-L12 Interest, the Class A-L14 Interest, the Class A-L16 Interest, the Class A-L20 Interest, the Class A-LPO Interest, the Class A-LUR Interest, the Class B-LI Interest, the Class B-L2 Interest, the Class B-L3 Interest, the Class B-L4 Interest, the Class B-L5 Interest and the Class B-L6 Interest.
Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-A-L1 Interest, Class 1-A-L4 Interest, Class 1-A-L6 Interest, Class 1-A-L12 Interest, Class 1-A-L16 Interest, Class 1-A-L18 Interest, Class 1-A-LUR Interest, Class 1-LIO Interest, Class 1-LPO Interest, Class 1-M-L1 Interest, Class 1-B-L1 Interest, Class 1-B-L2 Interest, Class 1-B-L3 Interest, Class 1-B-L4 Interest, Class 1-B-L5 Interest, Class 1-B-L6 Interest, Class 2-A-L1 Interest, Class 2-A-L4 Interest, Class 2-A-L5 Interest, Class 2-A-L8 Interest, Class 2-A-L11 Interest, Class 2-LIO Interest, Class 2-LPO Interest, Class 2-M-L1 Interest, Class 2-B-L1 Interest, Class 2-B-L2 Interest, Class 2-B-L3 Interest, Class 2-B-L4 Interest, Class 2-B-L5 Interest, Class 2-B-L6 Interest are Uncertificated Lower-Tier Interests.
Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class A-L1, Class A-L2, Class A-L3, Class A-L5, Class A-LPO, Class A-LUR, Class A-LWIO, Class LSES, Class B-L1, Class B-L2, Class B-L3, Class B-L4, Class B-L5 and Class B-L6 Interests are Uncertificated Lower-Tier Interests.
Uncertificated Lower-Tier Interest. A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-A-L1 Interest, Class 1-A-L2 Interest, Class 1-A-L5 Interest, Class 1-A-L8 Interest, Class 1-A-L9 Interest, Class 1-A-L11 Interest, Class 1-A-LUR Interest, Class 2-A-L1 Interest, Class 3-A-L1 Interest, Class 1-X-LPO Interest, Class 2-X-LPO Interest, Class 3-X-LPO Interest, Class 3-LIO Interest, Class 15-LIO Interest, Class 3-LIO Interest, Class 30-B-L1 Interest, Class 30-B-L2 Interest, Class 30-B-L3 Interest, Class 30-B-L4 Interest, Class 30-B-L5 Interest, Class 30-B-L6 Interest, Class 15-B-L1 Interest, Class 15-B-L2 Interest, Class 15-B-L3 Interest, Class 15-B-L4 Interest, Class 15-B-L5 Interest, Class 15-B-L6 Interest, Class 3-B-L1 Interest and Class 3-B-L4 Interest are Uncertificated Lower-Tier Interests.