Class A Regular Interest definition

Class A Regular Interest is defined in Section 9.1(b).
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Class A Regular Interest. The uncertificated interest corresponding to the Class A Certificates, the Class V-ABC Certificates (to the extent of the Class V-ABC Percentage Interest of the Class A Regular Interest) and the Class V2 Certificates (to the extent of the Class V2 Percentage Interest of the Class A Regular Interest), constituting a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions and have the characteristics attributable thereto in this Agreement.
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Class A Regular Interest. The regular interest, within the meaning of Code Section 860G(a)(1), represented by the Class A Bonds, other than the right to receive amounts under the Cap Agreement.
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Examples of Class A Regular Interest in a sentence

  • The Class A Regular Interest and the Class AX Regular Interest shall be designated as the "regular interests" and the Class R Bonds shall be designated as the sole class of "residual interest".

  • Each Holder of a Class A Bond shall be deemed to own an undivided beneficial ownership interest in two assets: (i) the Class A Regular Interest and (ii) the Cap Agreement.

  • Each Holder of a Class A Certificate shall be deemed to own an undivided beneficial ownership interest on two assets: (i) the Class A Regular Interest and (ii) the Cap Agreement.

Related to Class A Regular Interest

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

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

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

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