REMIC I Certificates definition
Examples of REMIC I Certificates in a sentence
Such Prepayment Charges shall not be available for distribution with respect to any other Class of REMIC I Certificates.
The aggregate amount of principal allocated to such other REMIC II Certificates shall be apportioned among such Classes in the same manner in which principal is payable with respect to the REMIC I Certificates bearing the same designation (other than the II-).
Section 2.05 Execution and Authentication of Certificates/Issuance of Certificates Evidencing Interests in REMIC I Certificates.
There is more visibility tied to Tier-1 partners in the United States and Canada like AT&T, Verizon, Bell and Rogers.
Except as noted below, the Corresponding Classes of Certificates are those Group 1 Certificates which have the same designation as the REMIC I Certificates (without the "I-") or in the case of I-1-A-5/6, both the Class 1-A-5 and Class 1-A-6 Certificates.
Trust Fund Certificates: The Upper Tier REMIC I Certificates and REMIC II Certificates.
REMIC I will be evidenced by (x) the Class IA, Class IB, and Class IC Certificates (the "REMIC I Regular Interests"), which will be uncertificated and non-transferable and are hereby designated as the "regular interests" in REMIC I and (y) the Class R-I Certificates, which are hereby designated as the single "residual interest" in REMIC I (the REMIC I Regular Interests, together with the Class R-I Certificates, the "REMIC I Certificates").
Any manner or manners in which REMIC Trust Account I is maintained may at any time be changed without notice to, or the approval of, Holders of the Upper Tier REMIC I Certificates so long as funds held in Upper Tier REMIC I by, or for the account of, the Trustee shall at all times be identified.
Such Prepayment Penalties shall not be available for distribution with respect to any other Class of REMIC I Certificates.
Execution and Authentication of Certificates/ Issuance of Certificates Evidencing Interests in REMIC I Certificates ............................................