Class TA-2 Interest definition

Class TA-2 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-2 Principal Amount and bears interest at the Weighted Average Net Mortgage Rate.
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Examples of Class TA-2 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.

  • Amounts in reduction of principal balance of the REMIC A Regular Interests in respect of Loan Group II shall be allocated first, to the Class TA-2 Interest and then to the remaining REMIC A Regular Interests beginning with the numeral "2," in numerical order.

  • 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.

  • Any shortfalls of interest on the Group II Mortgage Loans will be allocated, first, to the Class TA-2 Interest, and then to the remaining REMIC A Regular Interests beginning with the numeral "2," in numerical order.

Related to Class TA-2 Interest

  • Class R-2 Interest The uncertificated Residual Interest in REMIC 2.

  • Class A-2 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • 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.