Class D Regular Interest definition

Class D Regular Interest. The uncertificated interest corresponding to the Class D Certificates, the Class V-D Certificates (to the extent of the Class V-D Percentage Interest of the Class D Regular Interest) and the Class V2 Certificates (to the extent of the Class V2 Percentage Interest of the Class D Regular Interest), constituting a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions and having the characteristics attributable thereto in this Agreement.
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Examples of Class D Regular Interest in a sentence

  • Pass-Through Rate: The Class V1-D Certificates will not have a Pass-Through Rate, but will be entitled to receive the Class V1-D Percentage Interest of the interest distributable on the Class D Regular Interest.

  • The original aggregate Certificate Balance of the Class V1-D Certificates is equal to the aggregate Certificate Balance of the Class D Regular Interest on the Closing Date (without giving effect to any exchanges on the Closing Date).

Related to Class D 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.

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

  • 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 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.