REMIC 1 Interest Loss Allocation Amount definition
REMIC 1 Interest Loss Allocation Amount. With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the sum of the aggregate Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 1 Pass-Through Rate for REMIC 1 Regular Interest LT1AA minus the Marker Rate, divided by (b) 12.
REMIC 1 Interest Loss Allocation Amount. With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Uncertificated Principal Balance of the REMIC 1 Regular Interests (other than REMIC 1 Regular Interests I-SUB, I-GRP, II-SUB, II-GRP and XX) then outstanding and (ii) the REMIC 1 Pass-Through Rate for REMIC 1 Regular Interest AA minus the Marker Rate divided by (b) 12. REMIC 1 Marker Allocation Percentage: 50% of any amount payable or loss attributable from the Mortgage Loans, which shall be allocated to REMIC 1 Regular Interest AA, REMIC 1 Regular Interest I-A-1, REMIC 1 Regular Interest I-A-2, REMIC 1 Regular Interest II-A-1, REMIC 1 Regular Interest II-A-2, REMIC 1 Regular Interest II-A-3, REMIC 1 Regular Interest II-A-4, REMIC 1 Regular Interest M-1, REMIC 1 Regular Interest M-2, REMIC 1 Regular Interest B-1, REMIC 1 Regular Interest B-2, REMIC 1 Regular Interest B-3, REMIC 1 Regular Interest R-2 and REMIC 1 Regular Interest ZZ.