Regular Interest LT1M2 definition

Regular Interest LT1M2. One of the separate non-certificated beneficial ownersh▇▇ ▇▇▇▇▇▇▇▇▇ ▇n the Group 5 Lower-Tier REMIC issued hereunder and designated as a Regular Interest in the Group 5 Lower-Tier REMIC. Regular Interest LT1M2 shall accrue interest at the applicable Group 5 Lower-Tier Rate and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the definition of Uncertificated Group 5 Lower-Tier Interest.
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Regular Interest LT1M2. One of the separate non-certificated beneficial ownership interests in the Lower-Tier REMIC issued hereunder and designated as a Regular Interest in the Lower-Tier REMIC. Regular Interest LT1M2 shall accrue interest at the applicable Lower-Tier Rate and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the definition of Uncertificated Lower-Tier Interest.
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Related to Regular Interest LT1M2

  • REMIC I Regular Interest I-LTP One of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a Regular Interest in REMIC I. REMIC I Regular Interest I-LTP shall be entitled to any Prepayment Charges collected by the Master Servicer and to a distribution 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.

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

  • 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.

  • 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.