Class R Remittance Rate definition

Class R Remittance Rate. 5.50% Cut-Off Date: June 1, 2003 First Distribution Date: July 25, 2003 Last Scheduled Distribution Date: June 25, 2033 Class R Principal Balance as of the Cut-Off Date: $100 -------------------------- Registered Owner Certificate No.__ EXHIBIT C-1 ----------- FORM OF INTERIM CERTIFICATION [Date] JPMorgan Chase Bank ABN AMRO Mortgage Corporation 000 Xxxxxx Xxxxxx, 10th Floor 000 Xxxxx XxXxxxx Xxxxxx Xxxxxxx, Xxxxx 00000 Xxxxx 000 Xxxxxxx, Xxxxxxxx 00000 LaSalle Bank National Association, as Certificate Registrar 000 Xxxxx XxXxxxx Xxxxxx, Xxxxx 0000 Xxxxxxx, Xxxxxxxx 00000 Attention: ABN AMRO Mortgage Corporation, Multi-Class Mortgage Pass-Through Certificates, Series 2003-5 Re: Pooling and Servicing Agreement, dated as of June 1, 2003, by and among ABN AMRO Mortgage Corporation, ABN AMRO Mortgage Group, Inc. and JPMorgan Chase Bank relating to ABN AMRO Mortgage Corporation, Multi-Class Mortgage PASS- THROUGH CERTIFICATES, SERIES 2003-5 ---------------------------------------------------------------- Ladies and Gentlemen: In accordance with Section 2.2(b) of the above-captioned Pooling and Servicing Agreement, the undersigned, as Custodian, hereby certifies that it has received a Mortgage File to the extent required pursuant to Section 2.1 of the Pooling and Servicing Agreement with respect to each Loan listed in the Mortgage Loan Schedule, and it has reviewed the Mortgage File and the Mortgage Loan Schedule and has determined that: all required documents have been executed and received and that such documents related to the Mortgage Loans identified on the Mortgage Loan Schedule, with any exceptions listed on Schedule A attached hereto. Capitalized words and phrases used herein shall have the respective meanings assigned to them in the above-captioned Pooling and Servicing Agreement. LASALLE BANK NATIONAL ASSOCIATION By:______________________________ Name:____________________________ Title:___________________________ EXHIBIT C-2 ----------- FORM OF FINAL CERTIFICATION [Date] JPMorgan Chase Bank ABN AMRO Mortgage Corporation 000 Xxxxxx Xxxxxx, 10th Floor 000 Xxxxx XxXxxxx Xxxxxx Xxxxxxx, Xxxxx 00000 Xxxxx 000 Xxxxxxx, Xxxxxxxx 00000 LaSalle Bank National Association, as Certificate Registrar 000 Xxxxx XxXxxxx Xxxxxx, Xxxxx 0000 Xxxxxxx, Xxxxxxxx 00000 Attention: ABN AMRO Mortgage Corporation, Multi-Class Mortgage Pass-Through Certificates, Series 2003-5 Re: Pooling and Servicing Agreement, dated as of June 1, 2003, by and among ABN AMRO Mortgage Corporation...
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Class R Remittance Rate. The Remittance Rate on the Subordinate Certificates will equal on any Distribution Date, the quotient expressed as a percentage of (a) the sum of (i) the product of (x) 6.25% and (y) the Group I Subordinate Amount (as defined herein) and (ii) the product of (x) 5.75% and (y) the Group II Subordinate Amount (as defined herein), over (b) the sum of (i) the Group I Subordinate Amount and (ii) the Group II Subordinate Amount. The initial Remittance Rate for each Class of the Senior Subordinate Certificates will be approximately 6.917% per annum. Cut-Off Date: August 1, 2002 First Distribution Date: September 25, 2002 Last Scheduled Distribution Date: September 25, 2032
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Class R Remittance Rate. With respect to [Additionally, the Class each Interest Accrual Period through [____ 20__] Excess Liquidation Procee is 5.15% per annum, subject to a maximum rate Distribution Amount as de equal to the Net WAC for Loan Group I for the Servicing Agreement.] related Distribution Date. Thereafter, the Class IA-4 Interest Rate will be equal to the Net WAC for Loan Group I for the related Distribution Date. Cut-Off Date: October 1, 2001 First Distribution Date: November 25, 2001
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Examples of Class R Remittance Rate in a sentence

  • Series 2001-2 Percentage Interest evidenced by this Class R Certificate in the distributions to be made with respect to the Class R Certificate: 100% Class R Remittance Rate: 6.75%.

  • Series 2001-1 Percentage Interest evidenced by this Class R Certificate in the distributions to be made with respect to the Class R Certificate: [____]% Class R Remittance Rate: 6.75% Additionally, the Class R Certificates are entitled to Excess Liquidation Proceeds and the Residual Distribution Amount as defined in the Pooling Agreement.

  • Series 2001-5 Percentage Interest evidenced by this Class R Certificate in the distributions to be made with respect to the Class R Certificate: 100% Class R Remittance Rate: 7.25%.

  • Series 2003-6 Percentage Interest evidenced by this Class R Certificate in the distributions to be made with respect to the Class R Certificate: 100% Class R Remittance Rate: Additionally the Class R Certificates are entitled to Excess Liquidation Proceeds and the Residual Distribution Amount as defined in the Pooling Agreement.

  • Series 1999-8 Percentage Interest evidenced by this Class R Certificate in the distributions to be made with respect to the Class R Certificate: 100% Class R Remittance Rate: 7.75%.

  • Series 2001-3 Percentage Interest evidenced by this Class R Certificate in the distributions to be made with respect to the Class R Certificate: 100% Class R Remittance Rate: 6.750%.

  • Series 1999-7 Percentage Interest evidenced by this Class R Certificate in the distributions to be made with respect to the Class R Certificate: 100% Class R Remittance Rate: 6.50%.

  • Series 2002-3 Percentage Interest evidenced by this Class R Certificate in the distributions to be made with respect to the Class R Certificate: 100% Class R Remittance Rate: 6.00% Additionally, the Class R Certificates are entitled to Excess Liquidation Proceeds and the Residual Distribution Amount as defined in the Pooling and Servicing Agreement.

  • Series 1998-3 Percentage Interest evidenced by this Class R Certificate in the distributions to be made with respect to the Class R Certificate: ____% Class R Remittance Rate: 6.75%.

  • Series 2000-4 Percentage Interest evidenced by this Class R Certificate in the distributions to be made with respect to the Class R Certificate: 100% Class R Remittance Rate: 7.75%.


More Definitions of Class R Remittance Rate

Class R Remittance Rate. With respect to [Additionally, the Class R any Interest Accrual Period is equal to Certificates are entitled to Excess the Adjusted Net WAC for Loan Group II Liquidation Proceeds and the for the related Distribution Date. Residual Distribution Amount as Thereafter, the Class R Interest Rate defined in the Pooling and will be equal to the Net WAC for Loan Servicing Agreement.] Group I for the related Distribution Date.
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Class R Remittance Rate. The Remittance Rate on the Subordinate Certificates will equal on any Distribution Date, the quotient expressed as a percentage of (a) the sum of (i) the product of (x) [____]% and (y) the Group I Subordinate Amount (as defined herein) and (ii) the product of (x) [____]% and (y) the Group II Subordinate Amount (as defined herein), over (b) the sum of (i) the Group I Subordinate Amount and (ii) the Group II Subordinate Amount. The initial Remittance Rate for each Class of the Senior Subordinate Certificates will be approximately [____]% per annum.
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Class R Remittance Rate. 5.00% Cut-Off Date: January 1, 2003 First Distribution Date: February 25, 2003 Last Scheduled Distribution Date: February 25, 2018 Class R Principal Balance as of the Cut-Off Date: $100 __________________ Registered Owner Certificate No. ___ EXHIBIT C --------- [RESERVED] EXHIBIT D --------- SCHEDULE OF LOANS See Schedule I to the Mortgage Loan Purchase Agreement, dated as of January 29, 2003, between the Seller and the Purchaser [provided upon request] EXHIBIT E FIELDS OF LOAN INFORMATION Deal Name Distribution Date Loan Number Loan Group City State Zip Code Property Type (SFR, CONDO, etc.) Occupancy Status (Owner, Investor, etc.) Loan Purpose (Purchase, Refi, etc.) Loan Type Loan Status (Current, Foreclosure, REO, Bankruptcy) Original Term of Loan Amortization Term First Payment of Loan Maturity Date Appraisal Value Original LTV Original Principal Balance Previous Month's Balance Current Principal Balance Prepay Date Prepay Status (Loan has been prepaid, liquidated or repurchased by the Servicer) Original Scheduled P&I Current Scheduled P&I Scheduled Interest Amount Scheduled Principal Amount Curtailment Note Rate Paid to Date Payment Date EXHIBIT F --------- FORM OF TRANSFEROR CERTIFICATE FOR PRIVATELY OFFERED CERTIFICATES [Date] JPMorgan Chase Bank, as Trustee 600 Travis Street, 9th Floor Houston, Texas 77002 Attn: Institutioxxx Xxxxx Xxxxxxxx [LaSalle Bank National Association, as Certificate Registrar 135 South LaSalle Street, Suite 1625 Chicago, Illinois 60603 Attn: Xxxxx Xxxxxx Xxxxxxxxxx Xxxxx Xxxxxxxx - XXX XXXX Xxxxxx 0003-1] Re: Purchase of ABN AMRO Mortgage Corporation Mortgage Pass-Through Certificates Series 2003-1, Class [B-3][B-4][B-5] (the "Certificates") Ladies and Gentlemen: In connection with our disposition of the above Certificates we certify that (a) we understand the Certificates have not been registered under the Securities Act of 1933, as amended (the "Act") and are being disposed by us in a transaction that is exempt from the registration requirements of the Act, and (b) we have not offered or sold any certificates to, or solicited offers to buy any Certificates from, any person, or otherwise approached or negotiated with any person with respect thereto, or taken any other action which would result in a violation of Section 5 of the Act. Very truly yours, [Name of Transferor] By: _________________________ Authorized Officer EXHIBIT G --------- FORM OF TRANSFEREE'S CERTIFICATE FOR PRIVATELY OFFERED CERTIFICATES [Date] JPMorgan Ch...
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Related to Class R Remittance Rate

  • REMIC Remittance Rate The REMIC I Remittance Rate or the REMIC II Remittance Rate.

  • REMIC I Remittance Rate The per annum rate at which interest accrues in respect of any REMIC I Regular Interest during any Interest Accrual Period, as set forth in or otherwise calculated in accordance with Section 2.11(f).

  • REMIC II Remittance Rate The per annum rate at which interest accrues in respect of any REMIC II Regular Interest during any Interest Accrual Period, as set forth in or otherwise calculated in accordance with Section 2.13(f).

  • Mortgage Loan Remittance Rate With respect to each Mortgage Loan, the annual rate of interest remitted to the Purchaser, which shall be equal to the Mortgage Interest Rate minus the Servicing Fee Rate.

  • Remittance Rate With respect to each Mortgage Loan, the related Note Rate minus the Servicing Fee Rate.

  • Interest Remittance Amount With respect to any Mortgage Pool and Distribution Date, (a) the sum of (1) all interest collected (other than in connection with Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments in such Mortgage Pool during the related Collection Period by the Servicers, the Master Servicer, or the Trustee (solely acting in its capacity as successor Master Servicer), minus (x) the Servicing Fee with respect to the Mortgage Loans and (y) previously unreimbursed Advances and other amounts due to the Servicers, the Master Servicer or the Trustee (solely acting in its capacity as successor Master Servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans, (2) any Compensating Interest Payments with respect to the Mortgage Loans in such Mortgage Pool with respect to the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period), (3) the portion of any Purchase Price, as applicable, or Substitution Amount paid with respect the Mortgage Loans in such Mortgage Pool during the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period) allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans during the related Prepayment Period (or in the case of Mortgage Loans serviced by Aurora, the relevant Collection Period), to the extent allocable to interest, as reduced by (b) other costs, expenses or liabilities reimbursable to the Trustee, the Master Servicer or each Servicer to the extent provided in this Agreement and each Servicing Agreement, and the Custodian pursuant to the Custodial Agreement; provided, however, that in the case of the Trustee, such reimbursable amounts may not exceed $500,000 during any Anniversary Year up to and including the Anniversary Year in which the Stepdown Date occurs and $200,000 during any Anniversary Year thereafter (the “Applicable Maximum Reimbursement Amount”). In the event that the Trustee incurs reimbursable amounts in excess of the Applicable Maximum Reimbursement Amount in any Anniversary Year, it may obtain reimbursement for such amounts in subsequent Anniversary Years, but in no event shall more than the Applicable Maximum Reimbursement Amount in aggregate be reimbursed to the Trustee per Anniversary Year. Notwithstanding the foregoing, costs and expenses incurred by the Trustee pursuant to Section 6.14(a) in connection with any transfer of servicing shall be excluded in determining the Applicable Maximum Reimbursement Amount limitation on reimbursable amounts per Anniversary Year. For the avoidance of doubt, (i) the Interest Remittance Amount available on each Swap Payment Date for distributions to the Supplemental Interest Trust Account shall be equal to the Interest Remittance Amount on the related Distribution Date and (ii) the Interest Remittance Amount for each Distribution Date shall be calculated without regard to any distributions to the Supplemental Interest Trust Account on the related Swap Payment Date.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Master Servicer Remittance Amount With respect to each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in the Collection Account (including any amount in any Serviced A/B Loan Combination Custodial Account allocable to the related Serviced Mortgage Loan in the related Serviced A/B Loan Combination) as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from the Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a)(I), and (vi) any amounts deposited in the Collection Account in error; provided that the Master Servicer Remittance Amount for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.

  • Optimal Interest Remittance Amount For each Distribution Date, the product of (A) (x) the weighted average of the Net Mortgage Rates for the Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (B) the Aggregate Loan Balance as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Seller Remittance Amount With respect to each Servicer, the meaning assigned to such term in the related Servicing Agreement.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Principal Remittance Amount With respect to any Distribution Date, the sum of the Group I Principal Remittance Amount and the Group II Principal Remittance Amount.

  • Uncertificated REMIC 1 Pass-Through Rate With respect to each REMIC 1 Regular Interest and any Distribution Date, a per annum rate equal to the average of the Net Mortgage Rates of the Mortgage Loans, weighted on the basis of the Stated Principal Balances thereof as of the close of business on the last day of the calendar month preceding the month in which such Distribution Date occurs.

  • Uncertificated REMIC II Pass-Through Rate With respect to any Distribution Date and each REMIC II Regular Interest other than REMIC II Regular Interest C, REMIC II Regular Interest P and REMIC II Regular Interest A-1, a rate per annum equal to the Pass-Through Rate for the Class of Corresponding Certificates for such Distribution Date; provided, however, that for this purpose the Net Rate Cap with respect to each such Class of Corresponding Certificates shall be equal to the weighted average of the Uncertificated REMIC I Pass-Through Rates for the REMIC I Regular Interests (other than REMIC I Regular Interest P), weighted on the basis of the Uncertificated Principal Balances of each such REMIC I Regular Interest, for such Distribution Date. With respect to REMIC II Regular Interest A-1 and (i) any Distribution Date which occurs on or prior to the Optional Termination Date, the lesser of (a) 6.50% per annum and (b) the weighted average of the Uncertificated REMIC I Pass-Through Rates for the REMIC I Regular Interests (other than REMIC I Regular Interest P), weighted on the basis of the Uncertificated Principal Balances of each such REMIC I Regular Interest, for such Distribution Date, and (ii) any Distribution Date thereafter, the lesser of (a) 7.00% per annum and (b) the weighted average of the Uncertificated REMIC I Pass-Through Rates for the REMIC I Regular Interests (other than REMIC I Regular Interest P), weighted on the basis of the Uncertificated Principal Balances of each such REMIC I Regular Interest, for such Distribution Date. With respect to REMIC II Regular Interest C, a rate per annum equal to the percentage equivalent of a fraction, the numerator of which is the sum of the amount determined for each REMIC I Regular Interest (other than REMIC I Regular Interest P) equal to the product of (x) the excess, if any, of the Uncertificated REMIC I Pass-Through Rate for such REMIC I Regular Interest over the Marker Rate and (y) a notional amount equal to the Uncertificated Principal Balance of such REMIC I Regular Interest, and the denominator of which is the aggregate Uncertificated Principal Balance of such REMIC I Regular Interests. With respect to REMIC II Regular Interest P, 0.00% per annum.

  • Monthly Remittance Amount The sum of the Group I Monthly Remittance Amount and the Group II Monthly Remittance Amount.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

  • Net WAC Rate With respect to any Distribution Date (and the related Accrual Period), a per annum rate equal to the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • Class X-D Pass-Through Rate For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-D Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Uncertificated REMIC I Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to the weighted average of the Net Mortgage Rates of the Mortgage Loans in effect for the scheduled Monthly Payments due on such Mortgage Loans during the related Due Period.

  • Lower-Tier REMIC Distribution Account The account or accounts created and maintained as a separate account (or separate sub-account within the same account as another Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Benchmark 2019-B12 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B12, Lower-Tier REMIC Distribution Account” and which must be an Eligible Account. The Lower-Tier REMIC Distribution Account shall be an asset of the Lower-Tier REMIC.

  • REMIC I Overcollateralized Amount With respect to any date of determination, (i) 1% of the aggregate Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) minus (ii) the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, in each case as of such date of determination.