Exchangeable REMIC Class definition

Exchangeable REMIC Class or “Exchangeable REMIC Certificates”: The Class 2A-2, Class 2A-4, Class 2A-6, Class 2A-7, Class 2A-8, Class 3A-3, Class 3A-4, Class 3A-5 and Class 3A-6 Certificates.
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Exchangeable REMIC Class or “Exchangeable REMIC Certificates”: The Class 1-A2, Class 1A-3, Class 1A-4, Class 1A-5, Class 2A-4, Class 2A-6, Class 2A-7, Class 2A-8, Class 2A-9, Class 2A-10, Class 3A-3, Class 3A-4, Class 3A-6, Class 3A-7 and Class 3A-8 Certificates, or the Certificates of each such Class, as the context may require, issued by the Underlying Trust in uncertificated form or the certificated pass-through interests in such Classes or Certificates issued hereunder, as applicable.
Sample 1
Exchangeable REMIC Class or “Exchangeable REMIC Certificates”: The Class 4A-2, Class 4A-3 and Class 4A-4 Certificates, or the Certificates of each such Class, as the context may require, issued by the Underlying Trust in uncertificated form or the certificated pass-through interests in such Classes or Certificates issued hereunder, as applicable.
Sample 1

Examples of Exchangeable REMIC Class in a sentence

  • The Certificates authorized by this Trust Agreement shall consist of each Exchangeable Class and certificated Exchangeable REMIC Class having the characteristics specified or determined as described in Appendix A, and otherwise shall be subject to the terms and provisions set forth herein.

  • The Certificates authorized by this Trust Agreement shall consist of each Exchange Class and certificated Exchangeable REMIC Class having the characteristics specified or determined as described in Appendix A, and otherwise shall be subject to the terms and provisions set forth herein.

  • The Certificates authorized by this Trust Agreement shall consist of each Exchangeable Certificate and certificated Exchangeable REMIC Class having the characteristics specified or determined as described in Appendix A, and otherwise shall be subject to the terms and provisions set forth herein.

  • Correspondingly, Exchangeable Certificates in a Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Class in such Combination Group in respective Denominations determined based on the proportion that the Maximum Initial Principal Balance of such Exchangeable REMIC Certificates bear to the Maximum Initial Principal Balances of the Related Exchangeable Certificates, as set forth in Exhibit W hereto.

  • Correspondingly, Exchangeable Certificates in a Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Class or Classes in such Combination Group in respective Denominations determined based on the proportion that the Maximum Initial Principal Balances of the Class or Classes of Exchangeable REMIC Certificates bear to the Maximum Initial Principal Balances of the Class or Classes of Related Exchangeable Certificates, as set forth in Exhibit W hereto.

  • Correspondingly, Exchangeable Certificates in the Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Class in the Combination Group in respective Denominations determined based on the proportion that the Maximum Initial Principal Balance of such Exchangeable REMIC Certificates bear to the Maximum Initial Principal Balances of the Related Exchangeable Certificates, as set forth in Exhibit W hereto.


More Definitions of Exchangeable REMIC Class

Exchangeable REMIC Class. The Class of Exchangeable REMIC Certificates.
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Exchangeable REMIC Class or “Exchangeable REMIC Certificates”: The Class 3A-2, Class 3A-3 and Class 3A-4 Certificates.
Sample 1
Exchangeable REMIC Class or “Exchangeable REMIC Certificates”: The Class 3A-1 Certificates.
Sample 1

Related to Exchangeable REMIC Class

  • Exchangeable Certificates The Class A-S, Class B, Class C and Class PEX Certificates.

  • Exchangeable Notes The Class M-2A and Class M-2B Notes.

  • Class LB Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class LC Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Exchangeable Stock means any Capital Stock of a corporation that is exchangeable or convertible into another security (other than Capital Stock of such corporation that is neither Exchangeable Stock or Redeemable Stock).

  • Underlying REMIC Certificates The REMIC Certificates held in the Trust and evidencing beneficial interests in the REMIC Trust. US Bank: U.S. Bank National Association, a national banking association.

  • Class B Certificate Any one of the Certificates designated as a Class B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate.

  • Class LD Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class LE Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Exchangeable Shares means the exchangeable shares in the capital of the Company, having the rights, privileges, restrictions and conditions set forth herein;

  • Class X-D Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-12 hereto.

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

  • 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.

  • Class X-B Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-7 hereto.

  • Maximum I-LTZZ Uncertificated Interest Deferral Amount With respect to any Distribution Date, the excess of (i) accrued interest at the REMIC I Remittance Rate applicable to REMIC I Regular Interest I-LTZZ for such Distribution Date on a balance equal to the Uncertificated Balance of REMIC I Regular Interest I-LTZZ minus the REMIC I Overcollateralized Amount, in each case for such Distribution Date, over (ii) Uncertificated Interest on 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 and REMIC I Regular Interest I-LTM10 for such Distribution Date, with the rate on each such REMIC I Regular Interest subject to a cap equal to the lesser of (i) One-Month LIBOR plus the related Margin for the related Corresponding Certificate and (ii) the Net WAC Pass-Through Rate for the related Corresponding Certificate; provided, however, each cap shall be multiplied by a fraction, the numerator of which is the actual number of days elapsed in the related Interest Accrual Period and the denominator of which is 30.

  • Class A-V Certificate Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof.

  • Class A-AB Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-5 hereto.

  • REMIC Certificate Maturity Date The "latest possible maturity date" of the Regular Certificates as that term is defined in Section 2.07.

  • Component Certificates As specified in the Preliminary Statement.

  • Class A-SB Certificate Any one of the Certificates with a “Class A-SB” 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.

  • Exchangeable Securities means any securities of any trust, limited partnership or corporation other than the Trust that are convertible or exchangeable directly for Units without the payment of additional consideration therefor;

  • Class H Certificate means any of the Certificates with a "Class H" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Accrual Certificates As specified in the Preliminary Statement.