REMIC A Sample Clauses
REMIC A. On each Distribution Date, the REMIC A Regular Interests shall receive distributions of interest and principal equal in the aggregate to amounts distributable pursuant to Sections 4.01 and 4.02 (other than to the Class R Certificate in respect of the Class R-4 Interest) from amounts distributed in respect of the REMIC Q Regular Interests. Such amounts with respect to interest shall accrue (i) at the INV Adjusted Weighted Average Net Mortgage Rate on each of the Class TA-1, Class TA-2 and Class TA-4 Interests, (ii) at the INV Adjusted Group 1 Weighted Average Net Mortgage Rate on the Class TA-101 Interest, (iii) at the Weighted Average Net Mortgage Rate of the Group 2 Mortgage Loans on the Class TA-102 Interest, and (iii) at the Class AIO-INV Pass-Through Rate on the Class TA-INV Interest. Any shortfalls of interest allocated to the Class TQ-INV Interest in REMIC Q shall be likewise allocated to the Class TA-INV Interest. 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 shall be allocated first, to the Class TA-4 Interest such that the principal balance of the Class TA-4 Interest is equal to the Remaining Overcollateralization Amount and then to the Class TA-1, Class TA-101, Class TA-102 and TA-2 Interest as described in the following two sentences. Amounts in reduction of principal balance of the REMIC A Regular Interests shall be allocated to the Class TA-1, Class TA-101, Class TA-102 and Class TA-2 Interests in the aggregate in an amount equal to the Principal Remittance Amount less the lesser of the Overcollateralization Release Amount and the Overcollateralization Amount. 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 Class...
REMIC A. As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the REMIC 3 Class CE-1 Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC A.” The REMIC A Class CE-1 Interest represents the sole class of regular interests and the Class R-A Interest represents the sole class of “residual interests” in REMIC A for purposes of the REMIC Provisions. The REMIC A Class CE-1 Interest shall have a principal balance equal to the REMIC 3 Class CE-1 Interest and shall bear interest at the same rate as the REMIC 3 Class CE-1 Interest.
REMIC A. On each Distribution Date, the REMIC A Regular Interests shall receive distributions of interest and principal equal in the aggregate to amounts distributable pursuant to Sections 4.01 and 4.02 (other than to the Class R Certificates in respect of the Class R-4 Interest) from amounts on deposit in the Distribution Account. Such amounts with respect to interest shall accrue at the rate specified in the definition of each REMIC A Regular Interest. Any shortfalls of interest on the Group I Mortgage Loans will 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. 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. 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. 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. Realized Losses shall be allocated in the same manner as amounts in reduction of principal balance. Such amounts with respect to principal and any Realized Losses with respect to principal shall reduce the principal balances of the REMIC A Regular Interests so that, in the aggregate, such balances correspond to the Pool Balance of the Mortgage Loans as of the last day of the related Due Period. Amounts in the Distribution Account deemed distributed in respect of the REMIC A Regular Interests shall be treated as held by REMIC B for distribution in accordance with Section 4.08(e)(2). Any amounts remaining in REMIC A on a Distribution Date shall be distributed to the Class R Certificates in respect of the Class R-A Interest.