Subsidiary REMIC 1 Sample Clauses

Subsidiary REMIC 1. The Subsidiary REMIC 1 Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and corresponding Loan Groups in the manner set forth in the following table: REMIC Interests Initial Balance Pass- Through Rate Corresponding Loan Group LT2-1 (1) 5.50% 1 LT3-1 (1) 5.50% 1 LT1-2 (1) 4.75% 2 LT2-2 (1) 4.75% 2 LT3-2 (1) 4.75% 2 LT1-3 (1) 5.00% 3 LT2-3 (1) 5.00% 3 LT3-3 (1) 5.00% 3 LT1-4 (1) 5.25% 4 LT2-4 (1) 5.25% 4 LT3-4 (1) 5.25% 4 LT1-5 (1) 5.50% 5 LT2-5 (1) 5.50% 5 LT3-5 (1) 5.50% 5 LT-15-A-X (2) (3) 2 LT-30-A-X (2) (4) 1, 3, 4 LT-PP-A-X (2) (5) 5 LT-15-PO $228,635.42 0% 2 LT-30-PO $1,943,546.70 0% 1, 3, 4, 5 LT-4-A-10-Rounding (6) 0% 4 LT-4-A-11-Rounding (6) 0% 4 LT-4-A-12-Rounding (6) 0% 4 LT-4-A-23-Rounding (6) 0% 4 LT-4-A-24-Rounding (6) 0% 4
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Subsidiary REMIC 1. The Subsidiary REMIC 1 Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, and pass-through rates of Certificates in the manner set forth in the following table: Subsidiary REMIC 1 Interests Initial Balance Pass Through Rate Related Loan Group LT-I-A-1 $14,543,000 Net WAC Rate I LT-I-AR $100.00 Net WAC Rate I LT-II-A-1 $92,226,000 Net WAC Rate II LT-C-B-1 $7,837,000 (1) I, II and III LT-C-B-2 $2,734,000 (1) I, II and III LT-C-B-3 $3,826,000 (1) I, II and III LT-C-B-4 $2,005,000 (1) I, II and III LT-C-B-5 $1,276,000 (1) I, II and III LT-C-B-6 $1,093,516.87 (1) I, II and III X-0 X/X X/X X/X _______________
Sample 1
Subsidiary REMIC 1. The Subsidiary REMIC 1 Regular Interests, other than the Class R-1 Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: REMIC Interests Initial Balance Pass- Through Rate Corresponding Loan Group LT1-I (1) (2) I LT2-I (1) (2) I LT3-I (1) (2) I LT1-II (1) (2) II LT2-II (1) (2) II LT3-II (1) (2) II LT1-III (1) (2) III LT2-III (1) (2) III LT3-III (1) (2) III LT2-V (1) (2) V LT3-V (1) (2) V X-0 X/X X/X X/X _______________
Sample 1
Subsidiary REMIC 1. The Subsidiary REMIC 1 Regular Interests, which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following initial principal balance, and pass-through rate of Certificates in the manner set forth in the following table:
Sample 1
Subsidiary REMIC 1. The Subsidiary REMIC 1 Interests, each of which (except for the Class SR1 Interests) is hereby designated a REMIC regular interest for federal income tax purposes, will have the principal balances and pass-through rates as set forth in the following table: Subsidiary REMIC 1 Lower Tier Class Designation Initial Principal Balance Subsidiary REMIC 1 Lower Tier Interest Rate Class LT1-Pool (1) (1) Class LT1-F1 $ 2,738,395.36 (2) Class LT1-V1 $ 2,738,395.36 (3) Class LT1-F2 $ 3,247,376.09 (2) Class LT1-V2 $ 3,247,376.09 (3) Class LT1-F3 $ 3,743,473.47 (2) Class LT1-V3 $ 3,743,473.47 (3) Class LT1-F4 $ 4,210,145.19 (2) Class LT1-V4 $ 4,210,145.19 (3) Class LT1-F5 $ 4,635,553.65 (2) Class LT1-V5 $ 4,635,553.65 (3) Class LT1-F6 $ 4,924,158.64 (2) Class LT1-V6 $ 4,924,158.64 (3) Class LT1-F7 $ 5,092,842.41 (2) Class LT1-V7 $ 5,092,842.41 (3) Class LT1-F8 $ 5,132,591.13 (2) Class LT1-V8 $ 5,132,591.13 (3) Class LT1-F9 $ 5,063,883.83 (2) Class LT1-V9 $ 5,063,883.83 (3) Class LT1-F10 $ 4,905,140.24 (2) Class LT1-V10 $ 4,905,140.24 (3) Class LT1-F11 $ 4,691,932.74 (2) Class LT1-V11 $ 4,691,932.74 (3) Class LT1-F12 $ 4,480,217.63 (2) Class LT1-V12 $ 4,480,217.63 (3) Class LT1-F13 $ 4,304,734.35 (2) Class LT1-V13 $ 4,304,734.35 (3) Class LT1-F14 $ 4,202,403.08 (2) Class LT1-V14 $ 4,202,403.08 (3) Class LT1-F15 $ 289,652.22 (2) Class LT1-V15 $ 289,652.22 (3) Class LT1-F16 $ 3,577,890.83 (2) Class LT1-V16 $ 3,577,890.83 (3) Class LT1-F17 $ 2,322,700.47 (2) Class LT1-V17 $ 2,322,700.47 (3) Class LT1-F18 $ 1,498,559.92 (2) Class LT1-V18 $ 1,498,559.92 (3) Class LT1-F19 $ 1,443,922.11 (2) Class LT1-V19 $ 1,443,922.11 (3) Class LT1-F20 $ 1,391,317.97 (2) Class LT1-V20 $ 1,391,317.97 (3) Class LT1-F21 $ 1,590,575.08 (2) Class LT1-V21 $ 1,590,575.08 (3) Class LT1-F22 $ 1,276,806.10 (2) Class LT1-V22 $ 1,276,806.10 (3) Class LT1-F23 $ 1,230,757.09 (2) Class LT1-V23 $ 1,230,757.09 (3) Class LT1-F24 $ 1,186,392.09 (2) Class LT1-V24 $ 1,186,392.09 (3) Class LT1-F25 $ 1,143,647.99 (2) Class LT1-V25 $ 1,143,647.99 (3)
Sample 1
Subsidiary REMIC 1. The Subsidiary REMIC 1 Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: REMIC Initial Pass- Corresponding Interests Balance Through Rate Loan Group LT1-2 (1) (2) 2 LT1-3 (1) (2) 3 LT1-5 (1) (2) 5 LT1-4-Initial (3) (4) 4 LT1-4-Subsequent (5) (6) 4 LT1-4-Subsequent-IO (7) (7) 4 SR-1 N/A N/A N/A _______________
Sample 1
Subsidiary REMIC 1. The Subsidiary REMIC 1 Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, and pass-through rates of Certificates in the manner set forth in the following table: Subsidiary REMIC 1 Interests Initial Balance Pass- Through Rate Related Loan Group LT-I-A-1 $175,709,000 Net WAC Rate I LT-II-A-1 $118,524,000 Net WAC Rate II LT-III-A-1 $116,113,000 Net WAC Rate III LT-IV-A-1 $105,000,000 Net WAC Rate IV LT-IV-A-3 $58,715,000 Net WAC Rate IV LT-IV-AR $100 Net WAC Rate IV LT-V-A-1 $55,661,000 Net WAC Rate V LT VI-A-1 $147,207,000 Net WAC Rate VI LT-C-B-1 $9,231,000 (1) I, II, III, IV, V and VI LT-C-B-2 $6,421,700 (1) I, II, III, IV, V and VI LT-C-B-3 $4,013,500 (1) I, II, III, IV, V and VI LT-C-B-4 $802,700 (1) I, II, III, IV, V and VI LT-C-B-5 $1,605,400 (1) I, II, III, IV, V and VI LT-C-B-6 $1,606,623 (1) I, II, III, IV, V and VI X-0 X/X X/X X/X _______________
Sample 1
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Subsidiary REMIC 1. The Subsidiary REMIC 1 Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, and pass-through rates of Certificates in the manner set forth in the following table: Subsidiary REMIC 1 Interests Initial Balance Pass Through Rate Related Loan Group LT-I(1) Group I Mortgage Loan Principal Balance Weighted average Net Mortgage Rates of the Group I Mortgage Loans less .02% I LT-I-Excess Interest Notional balance equal to Group I Mortgage Loan Principal Balance .02% I LT-II(1) Group II Mortgage Loan Principal Balance Weighted average Net Mortgage Rates of the Group II Mortgage Loans less .02% II LT-II-Excess Interest Notional balance equal to Group II Mortgage Loan Principal Balance .02% II LT-III-A(1) Group III Mortgage Loan Principal Balance Weighted average Net Mortgage Rates of the Group III Mortgage Loans III X-0 X/X X/X X/X _______________
Sample 1
Subsidiary REMIC 1. The Group I Home Equity Loans and Group II Home Equity Loans shall be separated into “discount Home Equity Loans” and “premium Home Equity Loans.” For this purpose, (i) a “discount Home Equity Loan” is any Group I Home Equity Loan that has a Net Coupon Rate of less than 6.000% per annum and any Group II Home Equity Loan that has a minimum Net Coupon Rate, exclusive of any Excluded Loan, less than 6.000% per annum, and (ii) a “premium Home Equity Loan” is any Home Equity Loan other than a discount Home Equity Loan. An “Excluded Loan” for purposes of this paragraph shall be any of the Group II Home Equity Loans having the following loan identification numbers: 242809115, 243408995, 242210204, 246004521, 242210226, 245207152, 246004521. The non-discount portion of the principal balance with respect to each discount Home Equity Loan that is a Group I Home Equity Loan shall be calculated by multiplying the principal balance of such Home Equity Loan by a fraction the numerator of which is the Net Coupon Rate of such Home Equity Loan and the denominator of which is 6.000%. The non-discount portion of the principal balance with respect to each discount Home Equity Loan that is a Group II Home Equity Loan shall be calculated by multiplying the principal balance of such Home Equity Loan by a fraction the numerator of which is the minimum Net Coupon Rate of such Home Equity Loan and the denominator of which is 6.000%. The principal balance of a discount Home Equity Loan in excess of its non-discount portion is referred to herein as its “discount portion.” Subsidiary REMIC 1 shall issue the following uncertificated regular interests (each such interest, a “Subsidiary REMIC 1 Regular Interest” and together with the LT1-R Interest, the “Subsidiary REMIC 1 Interests”):
Sample 1

Related to Subsidiary REMIC 1

  • any Subsidiary of an Unrestricted Subsidiary The Issuer may designate any Subsidiary of the Issuer (including any existing Subsidiary and any newly acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on, any property of, the Issuer or any Subsidiary of the Issuer (other than solely any Subsidiary of the Subsidiary to be so designated); provided that

  • Subsidiary of an Unrestricted Subsidiary The Board of Directors of the Issuer may designate any Subsidiary of the Issuer (including any newly acquired or newly formed Subsidiary or a Person becoming a Subsidiary through merger, consolidation or other business combination transaction, or Investment therein) to be an Unrestricted Subsidiary only if:

  • Subsidiary Rights The Company or one of its Subsidiaries has the unrestricted right to vote, and (subject to limitations imposed by applicable law) to receive dividends and distributions on, all capital securities of its Subsidiaries as owned by the Company or such Subsidiary.

  • Foreign Subsidiaries Subject to the following sentence, in the event that, at any time, Foreign Subsidiaries have, in the aggregate, (i) total revenues constituting 5% or more of the total revenues of Borrower and its Subsidiaries on a consolidated basis, or (ii) total assets constituting 5% or more of the total assets of Borrower and its Subsidiaries on a consolidated basis, promptly (and, in any event, within 30 days after such time) the Borrower shall cause one or more of such Foreign Subsidiaries to become Subsidiary Guarantors and to have their Equity Interests pledged, each in the manner set forth in Section 8.12(a), such that, after such Subsidiaries become Subsidiary Guarantors, the non-guarantor Foreign Subsidiaries in the aggregate shall cease to have revenues or assets, as applicable, that meet the thresholds set forth in clauses (i) and (ii) above. Notwithstanding the foregoing, no Foreign Subsidiary shall be required to become a Subsidiary Guarantor, xxxxx x xxxx on any of its assets in favor of the Lenders, or shall have its Equity Interests pledged to secure the Obligations, to the extent that becoming a Subsidiary Guarantor, granting a lien on any of its assets in favor of the Lenders or providing such pledge would result in adverse tax consequences for Borrower and its Subsidiaries, taken as a whole; provided that, if a Foreign Subsidiary is precluded from becoming a Subsidiary Guarantor or having all of its Equity Interests pledged as a result of such adverse tax consequences, to the extent that such Foreign Subsidiary is a “first tier” Foreign Subsidiary, Borrower shall pledge (or cause to be pledged) 65% of the total number of the Equity Interests of such Foreign Subsidiary to the Lenders to secure the Obligations.

  • Collateral Fund Permitted Investments The Company shall, at the written direction of the Purchaser, invest the funds in the Collateral Fund in Collateral Fund Permitted Investments. Such direction shall not be changed more frequently than quarterly. In the absence of any direction, the Company shall select such investments in accordance with the definition of Collateral Fund Permitted Investments in its discretion. All income and gain realized from any investment as well as any interest earned on deposits in the Collateral Fund (net of any losses on such investments) and any payments of principal made in respect of any Collateral Fund Permitted Investment shall be deposited in the Collateral Fund upon receipt. All costs and realized losses associated with the purchase and sale of Collateral Fund Permitted Investments shall be borne by the Purchaser and the amount of net realized losses shall be deposited by the Purchaser in the Collateral Fund promptly upon realization. The Company shall periodically (but not more frequently than monthly) distribute to the Purchaser upon request an amount of cash, to the extent cash is available therefore in the Collateral Fund, equal to the amount by which the balance of the Collateral Fund, after giving effect to all other distributions to be made from the Collateral Fund on such date, exceeds the Required Collateral Fund Balance. Any amounts so distributed shall be released from the lien and security interest of this Agreement.

  • Restricted Junior Payments No Credit Party shall, nor shall it permit any of its Subsidiaries or Affiliates through any manner or means or through any other Person to, directly or indirectly, declare, order, pay, make or set apart, or agree to declare, order, pay, make or set apart, any sum for any Restricted Junior Payment except that:

  • Additional Foreign Subsidiaries Notify the Administrative Agent promptly after any Person becomes a Material First Tier Foreign Subsidiary, and at the request of the Administrative Agent, promptly thereafter (and, in any event, within 45 days after such request, as such time period may be extended by the Administrative Agent in its sole discretion), cause (i) the applicable Credit Party to deliver to the Administrative Agent a Foreign Pledge Agreement pledging 65% of the total outstanding voting Equity Interests (and 100% of the non-voting Equity Interests) of any such new Material First Tier Foreign Subsidiary and a consent thereto executed by such new Material First Tier Foreign Subsidiary (including if applicable, original certificated Equity Interests (or the equivalent thereof pursuant to the Applicable Laws and practices of any relevant foreign jurisdiction) evidencing the Equity Interests of such new Material First Tier Foreign Subsidiary, together with an appropriate undated stock or other transfer power for each certificate duly executed in blank by the registered owner thereof), (ii) such Person to deliver to the Administrative Agent such opinions, documents and certificates referred to in Section 6.1 as may be reasonably requested by the Administrative Agent, (iii) such Person to deliver to the Administrative Agent such updated Schedules to the Loan Documents as requested by the Administrative Agent with regard to such Person and (iv) such Person to deliver to the Administrative Agent such other documents as may be reasonably requested by the Administrative Agent, all in form, content and scope reasonably satisfactory to the Administrative Agent.

  • Restricted Subsidiary 9 Securities............................................................................... 10

  • Subsidiary Indebtedness The Borrower will not permit any Subsidiary to create, incur, assume or permit to exist any Indebtedness, except:

  • Domestic Subsidiary Any Subsidiary of any Borrower which conducts substantially all of its business in the United States of America and that is organized under the laws of the United States of America and the States (or the District of Columbia) thereof.

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