REMIC 1 Interests definition

REMIC 1 Interests. For any Distribution Date (and the related Accrual Period) after the Distribution Date in May 2005, the Principal Distribution Amount with respect to all Mortgage Loans in a Loan Group shall be allocated in proportion to its corresponding REMIC 1 Interests.
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REMIC 1 Interests. Each of the Class LT1-R$100 Interest, the Class LT1-AF-1 Interest, the Class LT1-AF-2 Interest, the Class LT1-AF-3 Interest, the Class LT1-AF-4 Interest, the Class LT1-AF-5 Interest, the Class LT1-AV-1 Interest, the Class LT1-AV-2 Interest, the Class LT1-AV-3 Interest, the Class LT1-B1 Interest, the Class LT1-B2 Interest, the Class LT1-B3 Interest, the Class LT1-M1 Interest, the Class LT1-M2 Interest, the Class LT1-M3 Interest, the Class LT1-M4 Interest, the Class LT1-M5 Interest, the Class LT1-M6 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest and the Class LT1-R Interest.
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REMIC 1 Interests. Each of the Class LT1-A1A Interest, the Class LT1-A1B Interest, the Class LT1-B1 Interest, the Class LT1-B2 Interest, the Class LT1-B3 Interest, the Class LT1-M1 Interest, the Class LT1-M2 Interest, the Class LT1-M3 Interest, the Class LT1-C Interest, the Class LT1-AR Interest and the Class LT1-R Interest.
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Examples of REMIC 1 Interests in a sentence

  • REMIC 2 will hold as assets the several classes of REMIC 1 Interests (other than the R-1-R Interest).

  • The following table sets forth (or describes) the Class designation, interest rate, and initial principal amount for each Class of REMIC 1 Interests.

  • The Master REMIC will consist of the REMIC 1 Interests and will be evidenced by the Certificates (other than the Class A-R Certificates), which will constitute the regular interests in the Master REMIC (the "Regular Certificates") and the Class MR Interest, which will represent the single Class of "residual interest" in the Master REMIC.

  • REMIC 2 will consist of the REMIC 1 Interests and will issue uncertificated REMIC regular interests (the "REMIC 2 Regular Interests").

  • Subsidiary REMIC 2 shall hold as its assets the several classes of uncertificated Subsidiary REMIC 1 Interests, other than the LT1-R Interest, and each such Subsidiary REMIC 1 Interest (other than the LT1-R Interest) is hereby designated as a regular interest in Subsidiary REMIC 1.

  • REMIC 2 will consist of the REMIC 1 Interests and will issue uncertificated REMIC 2 regular interests, which will constitute the regular interests in REMIC 2 (the "REMIC 2 Regular Interests") and the Class R-2 Interest, which will represent the single Class of "residual interest" in REMIC 2.

  • The Master REMIC will consist of the REMIC 1 Interests and will be evidenced by the Master REMIC Interests (other than the Class R2 Interests), which will constitute the regular interests in the Master REMIC and the Class R2 Interest, which will represent the single Class of “residual interest” in the Master REMIC.

  • REMIC 2 will hold as assets the several classes of uncertificated REMIC 1 Interests (other than the Class R-1 Interest).

  • All computations with respect to the REMIC 1 Interests shall be computed to eight decimal places.

  • REMIC 2 will consist of the REMIC 1 Interests and will be evidenced by the REMIC 2 Interests, which (other than the Class R-2 Interests) will constitute the regular interests in REMIC 2 (the "REMIC 2 Regular Interests") and the Class R-2 Interest, which will represent the single Class of "residual interest" in REMIC 2.


More Definitions of REMIC 1 Interests

REMIC 1 Interests. The REMIC 1 Regular Interests and the R-1 Interest.
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REMIC 1 Interests. Each interest in REMIC 1 as described in the Preliminary Statement.
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Related to REMIC 1 Interests

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • REMIC II Interests means, collectively, the REMIC II Regular Interests and the Class R-II Certificates.

  • Lower Tier REMIC Interests Each of the Class LTA-1 Interest, the Class LTA-2A Interest, the Class LTA-2B Interest, the Class LTA-2C Interest, the Class LTA-2D Interest, the Class LTM-1 Interest, the Class LTM-2 Interest, the Class LTM-3 Interest, the Class LTM-4 Interest, the Class LTM-5 Interest, the Class LTM-6 Interest, the Class LTB-1 Interest, the Class LTB-2 Interest, the Class LTB-3 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest, the Class LT-IO Interest and the Class LTR Interest.

  • REMIC 2 As described in the Preliminary Statement.

  • REMIC 1 As described in the Preliminary Statement.