REMIC Distribution Amount definition

REMIC Distribution Amount. As of any Distribution Date and each Group, the amount received, or deemed received, by the Trustee in respect of the Mortgage Certificate in the related Underlying Certificate Group.
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REMIC Distribution Amount. As to any calendar month, the sum of:
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Examples of REMIC Distribution Amount in a sentence

  • On each Distribution Date, the Trustee will be deemed to distribute the principal portion of the REMIC Distribution Amount for the related Group to reduce the Uncertificated Balance of the Class 1A1 Interest, Class 1A2 Interest and Class 1A3 Interest until the Uncertificated Balances equal the Class Balances of the Corresponding Certificates and will increase the Uncertificated Balance of the Class 1A3 Interest to the extent of any Class 1-A-3 Accrual Distribution Amount.

  • Any remaining REMIC Distribution Amount will be distributed to the Class A-R Certificate (in respect of the Class R1 Interest).

  • Any remaining REMIC Distribution Amount for the related Group will be distributed to the Class 1-A-R Certificate (in respect of the Class R3 Interest).

  • Any remaining REMIC Distribution Amount for the related Group will be distributed to the Class 1-A-R Certificate (in respect of the Class R2 Interest).

  • Any remaining REMIC Distribution Amount for the related Group will be distributed to the Class 1-A-R Certificate (in respect of the Class R1 Interest).

  • On each Distribution Date, the Trustee will be deemed to distribute the principal portion of the REMIC Distribution Amount for the related Group to reduce the Uncertificated Balance of the Class 3A1 Interest, Class 3A2 Interest and Class 3A3 Interest until the Uncertificated Balances equal the Class Balances of the Corresponding Certificates and will increase the Uncertificated Balance of the Class 3A3 Interest to the extent of any Class 3-A-3 Accrual Distribution Amount.

  • On each Distribution Date, the Trustee will be deemed to distribute the principal portion of the REMIC Distribution Amount for the related Group to reduce the Uncertificated Balance of the Class 2A1 Interest, Class 2A2 Interest and Class 2A3 Interest until the Uncertificated Balances equal the Class Balances of the Corresponding Certificates and will increase the Uncertificated Balance of the Class 2A3 Interest to the extent of any Class 2-A-3 Accrual Distribution Amount.

  • The aggregate amount of principal and interest distributable on the Certificates of the Base REMIC Regular Classes during any calendar month shall be equal to the Base REMIC Distribution Amount for such calendar month.

  • Amounts distributed to the Uncertificated Group REMIC Interests in respect of principal and interest with respect to any Distribution Date are referred to herein collectively as the "Group REMIC Distribution Amount." Distributions on the Uncertificated Group 1 Pooling REMIC Interests.

  • On each Distribution Date, ▇▇▇▇▇▇ ▇▇▇ shall withdraw from the Base REMIC Account the portion of the Base REMIC Distribution Amount distributable thereon and shall make the distributions to the Holders of the Certificates of each of the Base REMIC Regular Classes in the respective amounts and in the applicable manner determined as provided herein.

Related to REMIC Distribution Amount

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

  • REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the REMIC II Regular Interests; and

  • REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of REMIC IV Regular Interests; and

  • REMIC III Distribution Amount The REMIC III Available Distribution Amount for any Distribution Date shall be distributed to the Certificates and the Class R-3 Residual Interest in the following amounts and priority:

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.