REMIC I Realized Losses. For any Distribution Date, Realized Losses on Mortgage Loans in Loan Group I for the related Due Period shall be allocated to REMIC I Regular Interests LT1, LT2, LT3 and LT4 as follows: The interest portion of such Realized Losses, if any, shall be allocated to such REMIC I Regular Interests, pro rata according to the amount of interest accrued but unpaid thereon, in reduction thereof. Any interest portion of such Realized Losses in excess of the amount allocated pursuant to the preceding sentence shall be treated as a principal portion of Realized Losses not attributable to any specific Mortgage Loan and allocated pursuant to the succeeding sentences. The principal portion of such Realized Losses shall be allocated to such REMIC I Regular Interests as follows: (1) first, to REMIC I Regular Interests LT2, LT3 and LT4, pro rata according to their respective REMIC I Principal Reduction Amounts, provided that such allocation to such REMIC I Regular Interests shall not exceed their respective REMIC I Principal Reduction Amounts for such Distribution Date, and (2) second, any Realized Losses not allocated to such REMIC I Regular Interests pursuant to the proviso of clause (1) above shall be allocated to REMIC I Regular Interest LT1.
REMIC I Realized Losses. Realized Losses on Group I Loans and Group II Loans shall be allocated to the REMIC I Regular Interests as follows:
REMIC I Realized Losses. For any Distribution Date, Realized Losses on the Group 1, Group 2, Group 3, Group 4, Group 5 or Group 6 Mortgage Loans for the related Collection Period shall be allocated to the REMIC I Regular Interests in reduction of interest accrued thereon and the principal balances thereof in accordance with the provisions of the definition of Realized Loss.
Examples of REMIC I Realized Losses in a sentence
Realized Losses shall be allocated among the Uncertificated REMIC I Regular Interests as specified in the definition of REMIC I Realized Losses.
All Realized Losses on the Contracts shall be allocated to the REMIC I Regular Interests in accordance with the definition of REMIC I Realized Losses.
Facilities not accessible by truck, shall be serviced at curb side.
More Definitions of REMIC I Realized Losses
REMIC I Realized Losses. All Realized Losses on the Mortgage Loans shall be allocated first, on each Distribution Date, to REMIC I Regular Interest A-I until such REMIC I Regular Interest has been reduced to zero. Second, Realized Losses shall be allocated to REMIC I Regular Interest I-1-A through REMIC I Regular Interest I-42-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests.
REMIC I Realized Losses. For any Distribution Date, Realized Losses on the Group I Loans for the related Due Period shall be allocated to the REMIC I Regular Interest in reduction of the principal balance thereof until such principal balance has been reduced to zero.
REMIC I Realized Losses. For any Distribution Date, Realized Losses on the Mortgage Loans for the related Due Period shall be allocated as follows: The Interest Realized Losses, if any, shall be allocated pro rata to the REMIC I Regular Interests LTB to the extent, if any, that Interest Realized Losses for such Distribution Date are allocated to the Class A-IO Certificates; all other Interest Realized Losses shall be allocated to the REMIC I Regular Interest LTA to the extent of Accrued Certificate Interest thereon in reduction thereof. Any Interest Realized Losses in excess of the amount allocated pursuant to the preceding sentence shall be treated as Realized Losses not attributable to any specific Mortgage Loan and allocated pursuant to the succeeding sentences. Realized Losses shall be allocated to the REMIC I Regular Interest LTA in reduction of the principal balance thereof until such principal balance has been reduced to zero and thereafter shall be allocated to the REMIC I Regular Interests LTB in reduction of the principal balances thereof.
REMIC I Realized Losses. Realized Losses on Mortgage Loans shall be allocated to the REMIC I Regular Interests as follows: The interest portion of Realized Losses on Mortgage Loans, if any, shall be allocated among each of the REMIC I Regular Interests, pro rata according to the amount of interest accrued but unpaid thereon, in reduction thereof. Any interest portion of such Realized Losses in excess of the amount allocated pursuant to the preceding sentence shall be treated as a principal portion of Realized Losses not attributable to any specific Mortgage Loan and allocated pursuant to the succeeding sentences. The principal portion of Realized Losses shall be allocated to the REMIC I Regular Interests as follows:
REMIC I Realized Losses. For any Distribution Date, Realized Losses on the Mortgage Loans for the related Due Period shall be allocated, as follows: The Interest Realized Losses, if any, shall be allocated pro rata to accrued interest on the REMIC I Regular Interest to the extent of such accrued interest. Any remaining Interest Realized Losses and any Principal Realized Losses shall be treated as Principal Realized Losses and allocated (i) to the REMIC I Regular Interest LT2, REMIC I Regular Interest LT3 and REMIC I Regular Interest LT4 REMIC I Regular Interests pro rata according to their respective Principal Reduction Amounts, provided that such allocation to each of the REMIC I Regular Interest LT2, REMIC I Regular Interest LT3 and REMIC I Regular Interest LT4 shall not exceed their respective Principal Reduction Amounts for such Distribution Date, and (ii) any Realized Losses not allocated to either the REMIC I Regular Interest LT2, REMIC I Regular Interest LT3, or REMIC I Regular Interest LT4 pursuant to the proviso of clause (i) shall be allocated to the REMIC I Regular Interest LT1.
REMIC I Realized Losses. All Realized Losses on the Mortgage Loans shall be allocated to REMIC I Regular Interest I-1-A through REMIC I Regular Interest I-60-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests. 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 Uncertificated REMIC I 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 designations for the respective REMIC I Regular Interests are set forth in the Preliminary Statement hereto.
REMIC I Realized Losses. Realized Losses allocated to the Certificates on any Distribution Date shall be allocated among the REMIC I Regular Interests, as follows: Realized Losses allocated to the principal of any Class of Certificates shall be allocated to the related Class of REMIC I Regular Interests. Realized Losses allocated to the interest of an Class of Certificates shall be allocated among the related Classes of REMIC I Regular Interests pro rata according to the Uncertificated Accrued Interest for such Classes of REMIC I Regular Interests for such Distribution Date.