REMIC 2 M-1 Interest definition

REMIC 2 M-1 Interest. An uncertificated "regular interest" in REMIC 2 represented by the Class M-1 Certificates having the same rights to payments as the Class M-1 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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Related to REMIC 2 M-1 Interest

  • REMIC 2 As described in the Preliminary Statement.

  • REMIC 2 Regular Interest Each of the REMIC 2 Interests other than the Class LT2-R Interest.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • REMIC 4 The segregated pool of assets consisting of the Class C Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class C Certificates and the Class R-X Certificates (in respect of the Class R-4 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.