Class LT-R Interest definition
Class LT-R Interest. The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.
Class LT-R Interest. The residual interest in the Lower-Tier REMIC. The Class LT-R Interest will be represented by the Class R Certificates.
Class LT-R Interest. As described in the Preliminary Statement.
Examples of Class LT-R Interest in a sentence
Any Available Funds that remain in the Lower-Tier Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution Amount shall be distributed to the Holders of the Class R Certificates (in respect of the Class LT-R Interest, but only to the extent of the amount remaining in the Lower-Tier Distribution Account, if any).
The Class LT-R Interest will constitute the sole class of “residual interests” in the Lower-Tier REMIC created hereunder and will be evidenced by the Class R Certificates.
More Definitions of Class LT-R Interest
Class LT-R Interest. The sole class of "residual interest" in the Lower Tier REMIC evidenced by the Class R Certificates.
Class LT-R Interest. The sole residual interest in the Lower-Tier REMIC.
Class LT-R Interest. The sole residual interest in the Lower Tier REMIC.
Class LT-R Interest. Not applicable.
Class LT-R Interest. The sole residual interest in the Lower Tier REMIC. Class MT-R Interest: The sole residual interest in the Middle Tier REMIC.
Class LT-R Interest. The sole class of "residual interest" in the Lower Tier REMIC, as described in the Preliminary Statement and in Section 2.07.
Class LT-R Interest. The sole class of "residual interest" in the Lower-Tier REMIC. The Class LT-R Interest shall not have a principal amount or an interest rate. The Class LT-R Interest shall be represented by the Class R Certificate.