REMIC 5 Regular Interests definition

REMIC 5 Regular Interests. Any of (i) the Class 1-A1, Class 1-A2, Class 1-AX, Class B1-I, Class B1X-I, Class B2-I, Class B2X-I, Class 2-A, Class 3-A, Class 5-A and Class 5-AX Certificates and (ii) the uncertificated REMIC regular interests represented by (x) the rights associated with the Class 4-A1, Class 4-A2, Class 4-A3, Class B1-II, Class B2-II, Class B3, Class B4, Class B5 and Class B6 Certificates other than the rights to receive payments in respect of Basis Risk Shortfalls and (y) the rights associated with the Class 4-AX and Class 4-PAX Certificates as determined without regard to the obligation to make payments in respect of Basis Risk Shortfalls.
Sample 1
REMIC 5 Regular Interests. The Class A Certificates, Class AIO Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B Certificates, Class T5-4 Interest, Class T5-11 Interest, Class T5-12 Interest, Class T5-13 Interest, Class T5-AFIO Interest, Class T5-M1IO Interest, Class T5-M2IO Interest, Class T5-M3IO Interest and Class T4-BIO Interest.
Sample 1
REMIC 5 Regular Interests. Any of (i) the Class 1-A, the Class B1-I, the Class B1-I-X, the Class B2-I, the Class B2-I-X, the Class 2-A, Class 4-A, Class 4-AX, Class 6-A, Class 7-A, Class 8-A1, Class 8-A2, Class 8-AX, Class B1-II-X and B2-II-X Certificates, (ii) the Class 3-AX REMIC Components and (iii) the uncertificated REMIC regular interests represented by (x) the rights associated with the Class 3-A1, Class 3-A2, Class 3-A3, Class 3-A4, Class 3-A5, Class 3-A6, Class 3-A7, Class 5-A, Class B1-II, Class B2-II, Class B3, Class B4, Class B5 and Class B6 Certificates other than the rights to receive payments in respect of Basis Risk Shortfalls and Group II Floating Rate Certificate Shortfalls and (y) the rights associated with the Class 3-AX, Class 3-PAX, Class 5-AX and Class 5-PAX Certificates as determined without regard to the obligation to make payments in respect of Basis Risk Shortfalls.
Sample 1

Examples of REMIC 5 Regular Interests in a sentence

  • REMIC 1 shall hold as assets all property of the Trust Fund other than the REMIC 2 Regular Interests, the REMIC 3 Regular Interests, the REMIC 4 Regular Interests, the REMIC 5 Regular Interests and the rights to Prepayment Penalty Amounts.

  • On each Distribution Date, the timing and amounts of principal and interest distributions and allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts on the Classes of REMIC 4 Regular Interests identified as Corresponding Classes shall be identical to the timing, amounts and allocations in respect of Corresponding Classes of REMIC 5 Regular Interests pursuant to Section 4.09(a).

  • Neither the Trustee nor the Trust Administrator shall permit the creation of any "interests" in REMIC 1A, REMIC 1B, REMIC 2, REMIC 3, REMIC 4, REMIC 5 or REMIC X (within the meaning of Section 860G of the Code) other than the REMIC 1A Regular Interests, the REMIC 1B Regular Interests, the REMIC 2 Regular Interests, the REMIC 3 Regular Interests, the REMIC 4 Group I Regular Interests, the REMIC 4 Group II Regular Interests, the REMIC 5 Regular Interests and the interests represented by the Certificates.

  • On each Distribution Date, the timing and amounts of principal and interest distributions and allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts on the Classes of REMIC 4 Regular Interests identified as Corresponding Classes shall be identical to the timing, amounts and allocations in respect of Corresponding Classes of REMIC 5 Regular Interests pursuant to Section 4.08(a).

  • For the purposes of the REMIC election in respect of REMIC 5, (i) the Regular Certificates (other than the Class C Certificates and the Class P Certificates) and the REMIC 5 Regular Interests shall be designated as the Regular Interests in REMIC 5 and (ii) the Class R-5 Interest shall be designated as the Residual Interest in REMIC 5.

  • REMIC 1 shall hold as assets all property of the Trust Fund other than the REMIC 2 Regular Interests, the REMIC 3 Regular Interests, the REMIC 4 Regular Interests, the REMIC 5 Regular Interests, the Cap Agreement, the Cap Agreement Reserve Fund and the rights to Prepayment Penalty Amounts.

  • REMIC 1 shall hold as assets all property of the Trust Fund other than the REMIC 2 Regular Interests, the REMIC 3 Regular Interests, the REMIC 4 Regular Interests, the REMIC 5 Regular Interests and the rights to Prepayment Penalty Amounts and the interests in the grantor trusts described in Section 10.01 hereof.

  • REMIC 1 shall hold as assets all property of the Trust Fund other than the REMIC 2 Regular Interests, the REMIC 3 Regular Interests, the REMIC 4 Regular Interests, the REMIC 5 Regular Interests, the Cap Agreements, the Cap Agreement Reserve Fund, the rights to Prepayment Penalty Amounts and interests in the grantor trusts described in Section 10.01 hereof.


More Definitions of REMIC 5 Regular Interests

REMIC 5 Regular Interests. The Class T5-A1 Interest, the Class A-2 Certificates, Class A-3 Certificates, Class M-1 Certificates, Class M-2 Certificates and Class B Certificates and the REMIC 5 Components.
Sample 1
REMIC 5 Regular Interests. REMIC 5 Regular Interest LT5-IC, REMIC 5 Regular Interest LT5-IIC, REMIC 5 Regular Interest LT5-IP, REMIC 5 Regular Interest LT5-IIP, REMIC 5 Regular Interest LT5-ICF, and REMIC 5 Regular Interest LT5-IICF.
Sample 1
REMIC 5 Regular Interests. Any of (i) the Class 1-A and the Class 3-A Certificates, (ii) the uncertificated REMIC regular interests represented by (x) the rights associated with the Class 2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class B1, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates other than the rights to receive payments in respect of Basis Risk Shortfalls and (y) the rights associated with the Class 2-AX and Class 2-PAX Certificates as determined without regard to the obligation to make payments in respect of Basis Risk Shortfalls and (iii) the Class 2-A8 Components.
Sample 1
REMIC 5 Regular Interests. Any of (i) the Class 1-A, the Class 2-A, the Class 2-AX, the Class 4-A, the Class 5-A and the Class B1-X Certificates and (ii) the uncertificated REMIC regular interests represented by (x) the rights associated with the Class 3-A1, Class 3-A2, Class 3-A3, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates other than the rights to receive payments in respect of Basis Risk Shortfalls, (y) the rights associated with the Class B1 Certificates other than the right to receive payments in respect of Floating Rate Certificate Shortfalls and (z) the rights associated with the Class 3-AX and Class 3-PAX Certificates as determined without regard to the obligation to make payments in respect of Basis Risk Shortfalls.
Sample 1

Related to REMIC 5 Regular Interests

  • 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.

  • 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 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 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.

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

  • 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.

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

  • REMIC II Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a “regular interest” in REMIC II. Each REMIC II Regular Interest shall accrue interest at the related REMIC II Remittance 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 Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC II Regular Interests are set forth in the Preliminary Statement hereto.

  • REMIC I Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a "regular interest" in REMIC I. Each REMIC I Regular Interest shall accrue interest at the related REMIC I Remittance 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 Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC I Regular Interests are set forth in the Preliminary Statement hereto.

  • REMIC 1 Regular Interest Each of the REMIC 1 Interests other than the Class LT1-R Interest.

  • REMIC III Regular Interest The Class CE Interest, Class P Interest, Class IO Interest or any Regular Interest in REMIC III the ownership of which is represented by any of the Class A Certificates or Class M Certificates.

  • REMIC Regular Interest Any REMIC I Regular Interest or REMIC II Regular Interest.

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

  • 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 Regular Interest I-LTP One of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a Regular Interest in REMIC I. REMIC I Regular Interest I-LTP shall be entitled to any Prepayment Charges collected by the Master Servicer and to a distribution of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.

  • Class A-L Regular Interests The Class A-1A-L, Class A-1B-L and Class A-1C-L Regular Interests.

  • Regular interest A “regular interest” in a REMIC within the meaning of Section 860G(a)(1) of the Code.

  • Lower-Tier Regular Interests The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Lower-Tier REMIC, designated as the Class XX-0, Xxxxx XX-0, Class LA-3, Class LA-4, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and Class LVRR Lower-Tier Regular Interests.

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

  • Corresponding REMIC II Regular Interest means the REMIC II Regular Interest as defined in the Preliminary Statement with respect to any Class of Corresponding Certificates or any Corresponding Component.

  • Upper-Tier Regular Interest As described in the Preliminary Statement.

  • Lower-Tier Regular Interest Each of the Class LT-A-1, Class LT-A-2, Class LT-M-1, Class LT-M-2, Class LT-B-1, Class LT-B-2, Class LT-Group I, Class LT-Group II and Class LT-Accrual Interests as described in the Preliminary Statement.

  • Corresponding REMIC I Regular Interest means the REMIC I Regular Interest that relates to any particular Mortgage Loan (including an REO Mortgage Loan) or Qualifying Substitute Mortgage Loan that replaces such Mortgage Loan, which REMIC I Regular Interest has the characteristics described in the Preliminary Statement.

  • L Regular Interest The uncertificated undivided beneficial interest in REMIC II which constitutes a REMIC II Regular Interest and is entitled to distributions as set forth herein.

  • Uncertificated REMIC I Regular Interests The Uncertificated REMIC I Regular Interests Z together with the interests identified in the table below, each representing an undivided beneficial ownership interest in REMIC I, and having the following characteristics:

  • REMIC A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code.