REMIC 3 Interests definition

REMIC 3 Interests. Each of the Class LT3-A1A Interest, the Class LT3-A1B Interest, the Class LT3-B1 Interest, the Class LT3-B2 Interest, the Class LT3-B3 Interest, the Class LT3-M1 Interest, the Class LT3-M2 Interest, the Class LT3-M3 Interest, the Class LT3-X Interest, the Class LT3-AR Interest and the Class LT3-R Interest.
Sample 1Sample 2
REMIC 3 Interests. Each of the REMIC 3 A Interest, the REMIC 3 B1 Interest, the REMIC 3 B2 Interest, the REMIC 3 B3 Interest, the REMIC 3 M1 Interest, the REMIC 3 M2 Interest, the REMIC 3 M3 Interest, the REMIC 3 X Interest, each of the REMIC 3 S Components and the REMIC 3 Residual Interest.
Sample 1
REMIC 3 Interests. Each interest in REMIC 3 as described in the Preliminary Statement.
Sample 1

Examples of REMIC 3 Interests in a sentence

  • The Master REMIC will consist of the REMIC 3 Interests and will be evidenced by the Certificates, which (other than the Class A-R Certificates) will constitute the regular interests in the Master REMIC (the "Regular Certificates") and the Class R-4 Interest, which will represent the single Class of "residual interest" in the Master REMIC.

  • The Master REMIC will hold as assets the several classes of uncertificated REMIC 3 Interests (other than the R-3-R Interest).

  • The Master REMIC will consist of the REMIC 3 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 3 will consist of the REMIC 2 Interests and will be evidenced by the REMIC 3 Interests (other than the Class R3 Interests), which will constitute the regular interests in REMIC 3 and the Class R3 Interest, which will represent the single Class of “residual interest” in REMIC 3.

  • REMIC 1 shall hold as its assets the property of the Trust Fund other than the REMIC 1 Interests, the REMIC 2 Interests, the REMIC 3 Interests and the REMIC 4 Interests.

  • The Master REMIC will hold as assets the several classes of uncertificated REMIC 3 Interests.

  • Such amounts distributed to the Uncertificated REMIC 3 Interests in respect of principal and interest with respect to any Distribution Date are referred to herein collectively as the "REMIC 3 Distribution Amount." Any distributions made to the Uncertificated REMIC 3 Interests pursuant to this paragraph shall be made from that portion of the Pool Distribution Amounts for Loan Group 3 relating to the WM Loans.

  • The Uncertificated REMIC 3 Interests shall constitute the "regular interests" in REMIC 3 and the Class 3-A-R1 Certificate shall be the sole class of "residual interests" in REMIC 3.

  • The Master REMIC will consist of the REMIC 3 Interests and will be evidenced by the Master REMIC Interests (other than the Class R4 Interests), which will constitute the regular interests in the Master REMIC and the Class R4 Interest, which will represent the single Class of “residual interest” in the Master REMIC.

  • REMIC 1 shall hold as its assets the property of the Trust Fund other than the REMIC 1 Interests, the REMIC 2 Interests, the REMIC 3 Interests, the REMIC 4 Interests and the interests in the grantor trusts described herein.


More Definitions of REMIC 3 Interests

REMIC 3 Interests. The REMIC 3 Regular Interests and the R-3 Interest.
Sample 1
REMIC 3 Interests. Each of the REMIC 3 A-1A Interest, the REMIC 3 A-1B Interest, the REMIC 3 A-1C Interest, the REMIC 3 B1 Interest, the REMIC 3 B2 Interest, the REMIC 3 B3 Interest, the REMIC 3 B4 Interest, the REMIC 3 B5 Interest, the REMIC 3 B6 Interest, the REMIC 3 M1 Interest, the REMIC 3 M2 Interest, the REMIC 3 M3 Interest, the REMIC 3 M4 Interest, the REMIC 3 M5 Interest, the REMIC 3 M6 Interest, the REMIC 3 X Interest, each of the REMIC 3 S Components and the REMIC 3 Residual Interest.
Sample 1

Related to REMIC 3 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 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.

  • REMIC 2 As described in the Preliminary Statement.

  • REMIC 2 Regular Interests One of the separate non-certificated beneficial ownership interests in REMIC 2 issued hereunder and designated as a Regular Interest in REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related Uncertificated REMIC 2 Pass-Through Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The following is a list of each of the REMIC 2 Regular Interests: REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTA1, REMIC 2 Regular Interest LTA2, REMIC 2 Regular Interest LTA3, REMIC 2 Regular Interest LTA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest LTM10, REMIC 2 Regular Interest LTZZ, REMIC 2 Regular Interest LTP and REMIC 2 Regular Interest LTIO.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

  • REMIC 3 The segregated pool of assets consisting of all of the REMIC 2 Regular Interests conveyed in trust to the Trustee, for the benefit of the Holders of the Regular Certificates and the Class R Certificate (in respect of the Class R-3 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • Uncertificated Lower-Tier Interests Any of the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF and Class LNR Uncertificated Interests.

  • REMIC I Regular Interests The Classes of undivided beneficial interests in REMIC I designated as “regular interests” in the table titled “REMIC I Interests” in the Preliminary Statement hereto. The REMIC I Regular Interests, together with the Class R-1 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC I Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • REMIC V The segregated pool of assets consisting of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class P Certificates and the Class RX Certificate (in respect of the Class R-5 Interest), with respect to which a separate REMIC election is to be made.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • REMIC II Assets The REMIC I Regular Interests.

  • REMIC Regular Interests The REMIC I Regular Interests and REMIC II Regular Interests.

  • REMIC I Assets All of the Mortgage Pool Assets.

  • REMIC 1 Regular Interests REMIC 1 Regular Interest LT1A, REMIC 1 Regular Interest LT1B, REMIC 1 Regular Interest LT1C, REMIC 1 Regular Interest LT1D and REMIC 1 Regular Interest LT1P.

  • REMIC VI The segregated pool of assets consisting of the Class IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of REMIC VI Regular Interest IO and the Class RX Certificate (in respect of the Class R-6 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC II Regular Interests The Classes of undivided beneficial interests in REMIC II designated as “regular interests” in the table titled “REMIC II Interests” in the Preliminary Statement hereto. The REMIC II Regular Interests, together with the Class R-2 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • REMIC III Regular Interests The Classes of undivided beneficial interests in REMIC III designated as “regular interests” in the table titled “REMIC III Interests” in the Preliminary Statement hereto.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

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

  • Regular Interests (i) With respect to REMIC I, the REMIC I Regular Interests and (ii) with respect to REMIC II, the REMIC II Regular Interests.

  • REMIC I Certificates The Class R-I Certificates.