Class TA-1 Interest definition

Class TA-1 Interest. A regular interest in REMIC A that is held as an asset of REMIC B and has a principal balance equal to the Class TA-1 Principal Amount and bears interest at the Weighted Average Net Mortgage Rate.
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Examples of Class TA-1 Interest in a sentence

  • Any shortfalls of interest will be allocated, first, to the Class TA-4 Interest, second, to the Class TA-1 Interest, and third, to Class TA-2 Interest.

  • Any shortfalls of interest will be allocated, first, to the Class TB-4 Interest to the extent that interest shortfalls are allocated to the Class TA-4 Interest; second, to the Class TB-1 Interest to the extent that interest shortfalls are allocated to the Class TA-1 Interest; and third, pro rata, to the Class TB-2 and Class TB-AIO Interests to the extent that interest shortfalls are allocated to the Class TA-2 Interest.

  • Such aggregate amount shall be allocated first to the Class TA-1, Class TA-101 and TA-102 Interests so that the C▇▇▇▇ ▇▇-▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Class TA-102 Interest have principal balances equal the amounts described in the definitions of Class TA-101 Principal Amount and Class TA-102 Principal Amount, respectively, with any remaining amounts allocated to the Class TA-1 Interest, until such Classes are reduced to zero and second to the Class TA-2 Interest, until such Class is reduced to zero.

  • Realized Losses shall be allocated first to the Class TA-4 Interest, until such Class is reduced to zero, second to the Class TA-1 Interest, until such Class is reduced to the Principal Balance of the Adjustable-Rate Mortgage Loans, third to the Class TA-2 Interest, until such Class is reduced to zero, and fourth to the Class TA-1 Interest, until such Class is reduced to zero.

  • Such aggregate amount shall be allocated first to the Class TA-1 Interest, until such Class is reduced to the Principal Balance of the Adjustable-Rate Mortgage Loans, second to the Class TA-2 Interest, until such Class is reduced to zero and third to the Class TA-1 Interest, until such Class is reduced to zero.

  • Realized Losses shall be allocated first to the Class TA-4 Interest, until such Class is reduced to zero, second to the Class TA-1 Interest, until such Class is reduced to zero, and third to the Class TA-2 Interest, until such Class is reduced to zero.

  • Such aggregate amount shall be allocated first to the Class TA-1 Interest, until such Class is reduced to zero and second to the Class TA-2 Interest, until such Class is reduced to zero.

  • Any shortfalls of interest allocated to the Class TQ-1 and TQ-2 Interests in REMIC Q shall be allocated, first, to the Class TA-4 Interest, second, to the Class TA-1 Interest, third, to Class TA-2 Interest and fourth, any remaining interest shortfalls with respect to the Group 1 Mortgage Loans shall be allocated to the Class TA-101 Interest and any remaining interest shortfalls with respect to the Group 2 Mortgage Loans shall be allocated to the Class TA-102 Interest.

  • Amounts in reduction of principal balance of the REMIC A Regular Interests in respect of Loan Group I shall be allocated first, to the Class TA-1 Interest and then to the remaining REMIC A Regular Interests beginning with the numeral "1," in numerical order.

  • Subject to the oversight of the Board and utilizing information provided by the Trust and its current and prior agents and service providers, Transfer Agent will provide the Services in accordance with the terms of this Agreement.

Related to Class TA-1 Interest

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.