Corresponding REMIC Class definition

Corresponding REMIC Class. The class of Underlying Securities that corresponds to a particular Class of Certificates, as shown on the Underlying Security Schedule. Depository: The Depository Trust Company, a New York-chartered limited purpose trust company, or any successor depository selected or approved by Xxxxxx Xxx.
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Corresponding REMIC Class. The Class of Underlying REMIC Securities that has the same class designation as a particular Class of Certificates. Depositor: As defined in the Underlying Trust Agreement.
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Examples of Corresponding REMIC Class in a sentence

  • The Trustee shall establish and maintain accounting records in which distributions on each Corresponding REMIC Class are recorded.

  • Xxxxxx Mae shall designate in such accounting records the portions of each distribution on a Corresponding REMIC Class that are included in the Principal Distribution Amount and the Interest Distribution Amount for the related Class of Certificates.

  • XXXXXX XXX, in its corporate capacity, and as Trustee By: [SEAL] Attest: Assistant Secretary EXHIBIT A UNDERLYING SECURITY SCHEDULE Class of Certificates Corresponding REMIC Class (Long Beach Securities Corp., Depositor, Long Beach Mortgage Loan Trust Series 2001-3 Asset-Backed Certificates Series 2001-3) A1 Class A-1 S1 Class S-1 EXHIBIT B-1 FORM OF CERTIFICATE FOR A1 CLASS DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN.

  • XXXXXX XXX, in its corporate capacity, and as Trustee By: [SEAL] Attest: Assistant Secretary TRUST AGREEMENT — 1999-T2 SIGNATURE PAGE EXHIBIT A UNDERLYING SECURITY SCHEDULE Class of Certificates Corresponding REMIC Class (GS Mortgage Securities Corp., Depositor, Mortgage Participation Securities, Series 1999-1) A1 Class A1 A2 Class A2 X Class X EXHIBIT B-1 FORM OF CERTIFICATE FOR A1 CLASS DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN.

  • XXXXXX XXX, in its corporate capacity, and as Trustee By: [SEAL] Attest: Assistant Secretary EXHIBIT A UNDERLYING SECURITY SCHEDULE Class of Certificates Corresponding REMIC Class (SACO I Inc.

  • XXXXXX XXX, in its corporate capacity, and as Trustee By: [SEAL] Attest: Assistant Secretary EXHIBIT A UNDERLYING SECURITY SCHEDULE Class of Certificates Corresponding REMIC Class (Long Beach Securities Corp., Depositor, Long Beach Mortgage Loan Trust Series 2002-3 Asset-Backed Certificates Series 2002-3) A1 Class I-A S1 Class I-S1 EXHIBIT B-1 FORM OF CERTIFICATE FOR A1 CLASS DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN.

  • Xxxxxx Mae shall designate in such accounting records that 100% of each distribution on a Corresponding REMIC Class is included in the Principal Distribution Amount and the Interest Distribution Amount.

  • In the event there shall be any matter arising under the Underlying Agreement that requires the vote of holders of certificates outstanding thereunder, the Trustee as the holder of the Corresponding REMIC Class or Classes shall not vote such Corresponding REMIC Class or Classes except upon direction to do so from Holders of the related Class or Classes of Certificates representing in the aggregate not less than 51% of the Percentage Interests.

Related to Corresponding REMIC Class

  • Corresponding Component As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates or Lower-Tier Regular Interest.

  • Corresponding Class The class of interests in the Lower-Tier REMIC or Upper-Tier REMIC that corresponds to the class of interests in the other such REMIC or to a Class of Certificates in the manner set out below: Corresponding Corresponding Upper-Tier Corresponding Lower-Tier Class Designation Regular Interest Class of Certificates ---------------------------- ---------------- --------------------- Class LT-A-1 Class A-1 Class A-1 Class LT-A-2a Class A-2a Class A-2a Class LT-A-2b Class A-2b Class A-2b Class LT-A-2c Class A-2c Class A-2c Class LT-A-2d Class A-2d Class A-2d Class LT-M-1 Class M-1 Class M-1 Class LT-M-2 Class M-2 Class M-2 Class LT-M-3 Class M-3 Class M-3 Class LT-M-4 Class M-4 Class M-4 Class LT-M-5 Class M-5 Class M-5 Class LT-M-6 Class M-6 Class M-6 Class LT-B-1 Class B-1 Class B-1 Class LT-B-2 Class B-2 Class B-2 Class LT-B-3 Class B-3 Class B-3 N/A Class X Class X

  • Lower Tier Principal Distribution Amount With respect to any calendar month, the sum of (i) the Cash Flow Distribution Amount and (ii) the Lower Tier Accrual Amount, if any.

  • Certificate Notional Balance With respect to each Certificate of Class X and any date of determination, the product of (i) the Class Certificate Notional Balance of such Class and (ii) the applicable Percentage Interest of such Certificate.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

  • Corresponding Certificates As identified in the Preliminary Statement with respect to any Lower-Tier Regular Interest or Component.

  • REMIC III Available Distribution Amount For any Distribution Date, the amount distributed from REMIC II to REMIC III on such Distribution Date in respect of the REMIC II Regular Interests.

  • REMIC III Distribution Amount The REMIC III Available Distribution Amount for any Distribution Date shall be distributed to the Certificates and the Class R-3 Residual Interest in the following amounts and priority:

  • Class X Certificate Any one of the Certificates with a "Class X" designation on the face thereof, substantially in the form of Exhibit A-1, and evidencing a "regular interest" in REMIC II for purposes of the REMIC Provisions.

  • Certificate Notional Amount With respect to any Interest Only Certificate, as of any date of determination, the then notional principal amount on which such Certificate accrues interest, equal to the product of (a) the then Certificate Factor for the Class of Interest Only Certificates to which such Certificate belongs, multiplied by (b) the amount specified on the face of such Certificate as the initial Certificate Notional Amount thereof.

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

  • Regular Certificates As specified in the Preliminary Statement.

  • Class C Certificate Any one of the Certificates with a “Class C” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.