REMIC II Certificates definition

REMIC II Certificates. The REMIC II Regular Certificates and the Class R-II Certificates.

REMIC II Certificates. Any of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-P, Class A-V, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II Certificates.

REMIC II Certificates. Any Class of Certificates (other than the Class R-I Certificates).

Examples of REMIC II Certificates in a sentence

• Trust Fund Certificates: The Upper Tier REMIC I Certificates and REMIC II Certificates.

• Xxxxxx Mae shall distribute to the Class 116-RA Certificateholder the proceeds of the remaining assets of REMIC II, if any, after the Class Balance of each Class of REMIC II Certificates has been reduced to zero.

• REMIC II Certificates: The REMIC II Regular Certificates and the Class R-II Certificates.

• The Class 116-RA Certificate is hereby designated as the sole “residual interest” in the REMIC constituted by REMIC II within the meaning of Section 860G(a)(2) of the Code, and each remaining Class of REMIC II Certificates is hereby designated as a “regular interest” in such REMIC within the meaning of Section 860G(a)(1) of the Code.

• The Class 57-RA Certificate is hereby designated as the sole “residual interest” in the REMIC constituted by REMIC II within the meaning of Section 860G(a)(2) of the Code, and each remaining Class of REMIC II Certificates is hereby designated as a “regular interest” in such REMIC within the meaning of Section 860G(a)(1) of the Code.

More Definitions of REMIC II Certificates

REMIC II Certificates. As defined in Section 2.07.

REMIC II Certificates. Any of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-P, Class A-V, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II Certificates. Scheduled Final Distribution Date: October 25, 2032.

REMIC II Certificates. The Group I Senior Certificates, Group II Senior Certificates, Class P Certificates and Subordinate Certificates.

REMIC II Certificates. The Class R-II Certificates. REMIC II II-A-V Regular Interests: The 254 uncertificated partial undivided beneficial ownership interests in the Trust Fund, each relating to a Group II Loan with a Net Mortgage Rate in excess of 4.75%, each having no principal balance and each bearing interest at the respective Uncertificated Pass-Through Rate on the respective Uncertificated Notional Amount.

REMIC II Certificates. Any Trust Certificate, other than a Class R-I Certificate.

REMIC II Certificates. All Certificates evidencing beneficial ownership interests in REMIC II.

REMIC II Certificates has the meaning set forth in the final paragraph of the Preliminary Statement hereto.