Exchangeable REMIC Classes definition

Exchangeable REMIC Classes or “Exchangeable REMIC Certificates”: The Class 2-A-1 and Class 3-A-1 Certificates, or the Certificates of each such Class, as the context may require, issued hereunder.
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Exchangeable REMIC Classes. The Classes of Exchangeable REMIC Certificates.
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Exchangeable REMIC Classes or “Exchangeable REMIC Certificates”: The Class 1-A-1, Class 1-A-2, Class 2-A-4, Class 2-A-5, Class 3-A-3, Class 3-A-4, Class 3-A-5, Class 3-A-6, Class 5-A-1, Class 5-A-2, Class 6-A-1, Class 6-A-2, Class 7-A-3, Class 7-A-4, Class 8-A-2, Class 8-A-3, Class 8-A-4, Class 8-A-10, Class 10-A-4, Class 10-A-5, Class 11-A-1 and Class 11-A-2 Certificates, or the Certificates of each such Class, as the context may require, issued hereunder.
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Examples of Exchangeable REMIC Classes in a sentence

  • Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A.

  • The Holders of the Exchangeable REMIC Classes shall be entitled to exercise Voting Rights in direct proportion to the Voting Rights of the related REMIC Classes.

  • Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances or initial Notional Amounts, as applicable, of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A.

  • Correspondingly, Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchange Certificates, as set forth in Appendix A.

  • Correspondingly, Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Balances of such Exchangeable REMIC Certificates bear to the original Certificate Balances of the related Exchange Certificates, as set forth in Appendix A.

  • The Certificates authorized by this Trust Agreement shall consist of each Exchange Class and each certificated interest in the related Exchangeable REMIC Classes 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, Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Balances or initial Notional Amounts, as applicable, of such Exchangeable REMIC Certificates bear to the original Certificate Balances of the related Exchange Certificates, as set forth in Appendix A.

  • Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances or Notional Amount, as applicable, of the related Exchangeable Certificates, as set forth in Appendix A.

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

  • Correspondingly, Exchangeable Certificates in a Combination Group may be further designated for exchange for Certificates of the Exchangeable REMIC Classes 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 Balance of the Related Exchangeable Certificates, as set forth in Exhibit W hereto.


More Definitions of Exchangeable REMIC Classes

Exchangeable REMIC Classes or “Exchangeable REMIC Certificates”: The Class 2A-3, Class 2A-4, Class 2A-5, Class 2A-7, Class 2A-8, Class 2A-10, Class 2A-11, Class 5A-3, Class 5A-4, Class 5A-5, Class 5A-7, Class 5A-8 and Class 5A-10 Certificates or the Certificates of each such Class, as the context may require.
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Exchangeable REMIC Classes. The Class or Classes of Exchangeable REMIC Certificates. Exchangeable REMIC Combination: Either of Exchangeable REMIC Combination 1 or Exchangeable REMIC Combination 2.
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Exchangeable REMIC Classes or “Exchangeable REMIC Certificates”: The Class 1A-2, Class 1A-3, Class 1A-4, Class 1A-6, Class 1A-7, Class 2A-2, Class 2A-4, Class 2A-6, Class 2A-7, Class 2A-8, Class 3A-2, Class 3A-3, Class 3A-4, Class 3A-5, Class 3A-12, Class 3A-13, Class 3A-14, Class 3A-15, Class 3A-16 and Class 3A-17 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.
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Exchangeable REMIC Classes or “Exchangeable REMIC Certificates”: Each of the Class 1-A-1, Class 1-A-2, Class 1-A-11, Class 1-A-12, Class 1-A-13, Class 1-A-14, Class 1-A-15, Class 1-A-16, Class 1-A-20, Class 1-A-21, Class 1-A-22, Class 1-A-23, Class 1-A-24, Class 1-A-25, Class 1-A-26, Class 1-A-27, Class 1-A-28, Class 1-A-29, Class 1-A-30, Class 1-A-31, Class 1-A-32, Class 1-A-33, Class 1-A-34, Class 1-A-39, Class 1-A-40, Class 1-A-41, Class 1-A-49, Class 1-A-50, Class 1-A-54, Class 1-A-55, Class 1-A-56, Class 1-A-57, Class 1-A-58, Class 1-A-59, Class 1-A-60, Class 1-A-61, Class 1-A-62, Class 1-A-63, Class 1-A-93, Class 1-A-94, Class 1-A-95, Class A-101 and Class A-113 Certificates, or the Certificates of each such Class, as the context may require, issued hereunder.
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Related to Exchangeable REMIC Classes

  • 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.

  • Exchangeable Stock means any Capital Stock which is exchangeable or convertible into another security (other than Capital Stock of the Company which is neither Exchangeable Stock nor Redeemable Stock).

  • 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.

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

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

  • 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 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.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • 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.

  • 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 therefore;

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

  • Component Certificates As specified in the Preliminary Statement.

  • 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.

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

  • exchangeable security means a security of an issuer that is exchangeable for, or carries the right of the holder to acquire, or of the issuer to cause the acquisition of, a security of another issuer;

  • Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.

  • 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-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.

  • Fixed Rate Certificates As specified in the Preliminary Statement.

  • 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.

  • Book-Entry Preferred Securities Certificates means a beneficial interest in the Preferred Securities Certificates, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 5.11.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.