Master REMIC Regular Interest definition

Master REMIC Regular Interest. As defined in the Preliminary Statement.
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Examples of Master REMIC Regular Interest in a sentence

  • The Trustee shall treat the rights of the holders of the Class A and Mezzanine Certificates to receive any interest payments in excess of the REMIC Pass-Through Rate on the Master REMIC Regular Interest corresponding to such Class of Certificates as rights in an interest rate cap contract written by the Class CA Certificateholders in favor of the holders of the Class A and Mezzanine Certificates.

  • The Trustee shall treat the rights of the holders of the Underwritten Certificates to receive any interest payments in excess of the REMIC Pass-Through Rate on the Master REMIC Regular Interest corresponding to such Class of Certificates as rights in an interest rate cap contract written by the Class X Certificateholders in favor of the holders of the Underwritten Certificates.

  • The Trustee shall treat the rights of the holders of the Class A and Mezzanine Certificates to receive any interest payments in excess of the REMIC Pass-Through Rate on the Master REMIC Regular Interest corresponding to such Class of Certificates as rights in an interest rate cap contract written by the Class C Certificateholders in favor of the holders of the Class A and Mezzanine Certificates.

  • The Trustee shall treat the rights of the holders of the Offered Certificates to receive any interest payments in excess of the REMIC Pass-Through Rate on the Master REMIC Regular Interest corresponding to such Class of Certificates as rights in an interest rate cap contract written by the Class C Certificateholders in favor of the holders of the Offered Certificates.

  • The Trustee shall allocate the issue price for a Class of Certificates between two components for purposes of determining the issue price of the Master REMIC Regular Interest component.

  • The Trustee shall allocate the issue price for a Class of Certificates between the two components for purposes of determining the issue price of the Master REMIC Regular Interest component.

  • The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Master REMIC Regular Interest (which will represent the "regular interests" in the Intermediate REMIC) and the MR Interest as the single "residual interest" in the Master REMIC.