REMIC 2 B-2 Interest definition

REMIC 2 B-2 Interest. An uncertificated "regular interest" in REMIC 2 held by REMIC B-2 having the same rights to payments as the Class B-2 Certificates other than the right to any payments in respect of Excess Interest and other than the obligation to make payments in respect of Class Payment Shortfalls.

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Examples of REMIC 2 B-2 Interest in a sentence

• All allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts to the REMIC 2 B-2 Interest shall result in similar allocations to the REMIC B-2 B-2 Interest.

• All amounts deemed distributed in respect of the REMIC 2 B-2 Interest shall be treated as received by REMIC B-2 then distributed by REMIC B-2 in respect of the REMIC B-2 B-2 Interest.

• The REMIC 2 B-2 Interest will be held as the sole asset of REMIC B-2.

• Any amounts distributed to the Class B-2 Certificates pursuant to Section 4.01 or this Section 4.02, other than payments in respect of Excess Interest, shall be deemed distributed by REMIC 2 to REMIC B-2 in respect of the REMIC 2 B-2 Interest, and distributed thereby as a distribution in respect of the REMIC B-2 B-2 Interest.

• REMIC B-2 The sole asset of REMIC B-2 shall be the REMIC 2 B-2 Interest.