REMIC 6 Regular Interest definition
Examples of REMIC 6 Regular Interest in a sentence
For federal income tax purposes, any amounts paid to the Swap Provider on each Distribution Date shall first be deemed paid to the Swap Provider in respect of REMIC 6 Regular Interest SWAP IO to the extent of the amount distributable on REMIC 6 Regular Interest SWAP IO on such Distribution Date, and any remaining amount shall be deemed paid to the Swap Provider in respect of a Class IO Distribution Amount (as defined below).
All amounts distributable to, or Realized Losses allocated in respect of, the Class T4-B Interest shall be deemed paid or allocated, as applicable, to REMIC 6 and distributed to, or allocated in respect of, the REMIC 6 Regular Interest.
The REMIC 4 Regular Interests, other than the Class T4-M3 Interest and the Class T4-B Interest, as well as the REMIC 5 Regular Interest and the REMIC 6 Regular Interest, will be held as assets of the Grantor Trust, which will also hold the rights of the Offered Certificates to receive their respective Cap Carryover Amounts.
Such amounts shall be deemed distributed by REMIC 3 to REMIC 4 in respect of REMIC 6 Regular Interest Swap IO.
Such amounts shall be deemed distributed by REMIC 3 to REMIC 6 in respect of REMIC 6 Regular Interest SWAP-IO.
Holders of the Class B-2 and Class B-3 Certificates (representing beneficial ownership of the REMIC 5 Regular Interest and REMIC 6 Regular Interest, respectively), and Class N and Class X Certificates (representing partners in a partnership which beneficially owns the REMIC 7 Regular Interest) shall be entitled to look only to the Class R-Q Certificateholder for payment.
Distributions of principal and interest on REMIC 6 Regular Interest IO shall be made in the same manner and priority as amounts distributed on the Class IO Interest.
For federal income tax purposes, any amounts paid to the Swap Provider on each Distribution Date shall first be deemed paid to the Swap Provider in respect of the REMIC 6 Regular Interest SWAP-IO Interest to the extent of the amount distributable on such REMIC 6 Regular Interest SWAP-IO Interest on such Distribution Date, and any remaining amount shall be deemed paid to the Swap Provider in respect of a Class IO Distribution Amount (as defined below).
The REMIC 4 Regular Interests, other than the Class T4-B2 Interest and the REMIC 4 Components, as well as the REMIC 5 Regular Interest and the REMIC 6 Regular Interest, will be held as assets of the Grantor Trust, which will also hold the rights of the Offered Certificates to receive their respective LIBOR Carryover Amounts.
All amounts distributable to, or Realized Losses allocated in respect of, the Class T4-B3 Interest shall be deemed paid or allocated, as applicable, to REMIC 6 and distributed to, or allocated in respect of, the REMIC 6 Regular Interest.