REMIC I Regular Interest. 34 REMIC I Regular Interest I-LT1.................................................................34 REMIC I Regular Interest I-LT2.................................................................35 REMIC I Regular Interest I-LT3.................................................................35 REMIC I Regular Interest I-LT4.................................................................35 REMIC I Regular Interest I-LT5.................................................................35 REMIC I Regular Interest I-LT6.................................................................35 REMIC I Regular Interest I-LTP.................................................................35
REMIC I Regular Interest. 43- REMIC I Regular Interest I-LTAA.......................... -43- REMIC I Regular Interest I-LTA1.......................... -43- REMIC I Regular Interest I-LTA2.......................... -43- REMIC I Regular Interest I-LTA3.......................... -44- REMIC I Regular Interest I-LTB........................... -44- REMIC I Regular Interest I-LTM1.......................... -44- REMIC I Regular Interest I-LTM2.......................... -44- REMIC I Regular Interest I-LTM3.......................... -44- REMIC I Regular Interest I-LTM4.......................... -44- REMIC I Regular Interest I-LTM5.......................... -44- REMIC I Regular Interest I-LTM6.......................... -45- REMIC I Regular Interest I-LTP........................... -45- REMIC I Regular Interest I-LTXX.......................... -45- REMIC I Regular Interest I-LTZZ.......................... -45- REMIC I Regular Interest I-LT1A.......................... -45- REMIC I Regular Interest I-LT1B.......................... -45- REMIC I Regular Interest I-LT2A.......................... -46- REMIC I Regular Interest I-LT2B.......................... -46- REMIC I Required Overcollateralization Amount............ -46- REMIC II................................................. -46- REMIC II Certificate..................................... -46-
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 Uncertificated REMIC I Pass-Through 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 Principal 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.
REMIC I Regular Interest. 44 REMIC I Regular Interest A..........................................................
REMIC I Regular Interest. 35 SECTION PAGE ------- ----
REMIC I Regular Interest. I-A-1: 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-A-1 shall accrue interest at the related Uncertificated REMIC I Pass-Through 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 Principal Balance as set forth in the Preliminary Statement hereto.
REMIC I Regular Interest. I-2X will not have an Uncertificated Principal Balance, but will accrue interest on a notional amount equal to the aggregate Scheduled Principal Balance of the Group I-2 Mortgage Loans.
REMIC I Regular Interest. For any Distribution Date with respect to the Class A-3 Certificates, a per annum rate equal to the product of (x) the weighted average of the Adjusted Net Mortgage Rates of the Group II Mortgage Loans, weighted based on their outstanding Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period. For federal income tax purposes, the economic equivalent of such rate shall be expressed as the weighted average of the REMIC I Remittance Rate on REMIC I Regular Interest I-LT2GRP, weighted on the basis of the Uncertificated Balance of such REMIC I Regular Interest. For any Distribution Date with respect to the Group III Certificates, a per annum rate equal to the product of (x) the weighted average of the Adjusted Net Mortgage Rates of the Group III Mortgage Loans, weighted based on their outstanding Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period. For federal income tax purposes, the economic equivalent of such rate shall be expressed as the weighted average of the REMIC I Remittance Rate on REMIC I Regular Interest I-LT3GRP, weighted on the basis of the Uncertificated Balance of such REMIC I Regular Interest. For any Distribution Date with respect to the Mezzanine Certificates, a per annum rate equal to the product of (x) the weighted average of the Adjusted Net Mortgage Rates of the Group I Mortgage Loans, the Group II Mortgage Loans and the Group III Mortgage Loans, weighted in proportion to the results of subtracting from the aggregate Stated Principal Balance of each Loan Group the Certificate Principal Balance of the related Class of Class A Certificates and (y) for each Class of Mezzanine Certificates other than the Class M-7 Certificates, a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period. For federal income tax purposes, the economic equivalent of such rate shall be expressed as the weighted average of the REMIC I Remittance Rates on (a) REMIC I Regular Interest I-LT1SUB, subject to a cap and a floor equal to the Adjusted Net Mortgage Rates of the Group ...
REMIC I Regular Interest. 50 REMIC 2................................................................................................50 REMIC 2 Interest Loss Allocation Amount................................................................50 REMIC 2 Marker Allocation Percentage...................................................................50 REMIC 2 Overcollateralized Amount......................................................................50 REMIC 2 Principal Loss Allocation Amount...............................................................51 REMIC 2 Overcollateralization Target Amount............................................................51 REMIC 2 Regular Interests .............................................................................51
REMIC I Regular Interest. Any regular interest described in the table under the heading “REMIC I” in the Preliminary Statement to this Agreement.
