REMIC II Interest definition

REMIC II Interest. The REMIC II Regular Interests and Component II of the Class R Certificates. REMIC II Net Deferred Interest: Net Deferred Interest for Loan Group II for any Distribution Date shall be allocated to REMIC II Regular Interest LT5 in reduction of the portion of the Uncertificated Accrued Interest thereon distributable on the related Distribution Date and shall result in an increase in the Uncertificated Principal Balance thereof to the extent of such reduction.
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REMIC II Interest. The REMIC II Regular Interests and the Class R-II Certificates.
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REMIC II Interest. As defined in Section 2.07.
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Examples of REMIC II Interest in a sentence

  • Such election will be made on Form 1066 or other appropriate federal tax or information return or any appropriate state return for the taxable year ending on the last day of the calendar year in which the REMIC II Interest is issued.

  • Contudo, diversos trabalhos enfatizam o fato de que o perfil exigido do funcionário está mudando em função do uso das novas tecnologias e especialmente pelo uso da tecnologia de informação.

  • Each Class of Certificates, other than the Class R Certificates, will consist of a unit comprising a REMIC II Interest (which will be designated as a regular interest).

  • On each Distribution Date, the remaining portion of the Available Distribution Amount distributable as principal shall be distributed as principal to each REMIC II Interest for which there is a Corresponding Class of Certificates until the principal balance of such REMIC II Interest equals the Class Principal Balance of the Corresponding Class of Certificates immediately after such Distribution Date.

  • With respect to any REMIC I Interest, the REMIC II Interest appearing opposite such REMIC I Interest in the table in Section 18(n) and respect to any REMIC II Interest, the Class, Classes, or Component appearing opposite such REMIC II Interest in the table included in Section 18(o).

  • As to each REMIC II Interest, the applicable "REMIC II Interest Rate," if any, set forth in Section 18(o).

  • As to each class of REMIC II Interest and any Payment Date, the initial REMIC II Interest Balance thereof set forth in Section 18(o) less the sum of (i) the aggregate amount of principal allocable thereto on previous Payment Dates pursuant to Section 18; and (ii) any Realized Losses allocable thereto on previous Payment Dates pursuant to Section 12.

  • Each Lower Tier REMIC II Interest, other than the Class LTII-R Interest, is hereby designated as a regular interest in Lower Tier REMIC II.


More Definitions of REMIC II Interest

REMIC II Interest. Loss Allocation Amount.....................................36
Sample 1
REMIC II Interest. The REMIC II Regular Interests and Component II of the Class R Certificates. REMIC II Net Deferred Interest: Net Deferred Interest for any Distribution Date attributable to Group I Mortgage Loans, Group II Mortgage Loans, Group III Mortgage Loans and Group IV Mortgage Loans shall be allocated to REMIC II Regular Interests LT1, LT5, LT9 and LT13, respectively, in reduction of the portion of the Uncertificated Accrued Interest thereon distributable on the related Distribution Date and shall result in an increase in the Uncertificated Principal Balance thereof to the extent of such reduction.
Sample 1
REMIC II Interest. The REMIC II Regular Interests and Component II of the Class R Certificates. REMIC II Net Deferred Interest: Net Deferred Interest for Sub-Loan Group II-1 for any Distribution Date shall be allocated to REMIC II Regular Interest Z-1 in reduction of the portion of the Uncertificated Accrued Interest thereon distributable on the related Distribution Date and shall result in an increase in the Uncertificated Principal Balance thereof to the extent of such reduction. Net Deferred Interest for Sub-Loan Group II-2 for any Distribution Date shall be allocated to REMIC II Regular Interest Z-2 in reduction of the portion of the Uncertificated Accrued Interest thereon distributable on the related Distribution Date and shall result in an increase in the Uncertificated Principal Balance thereof to the extent of such reduction.
Sample 1
REMIC II Interest. Any of the REMIC II Regular Interests and Component II of the Class R Certificates. REMIC II Net Deferred Interest: Net Deferred Interest for any Distribution Date shall be allocated, first, to REMIC II Regular Interests LT2, LT5, LT9, LT12, LT15, LT19, LT23, LT26 and LT29, respectively, to the extent that their Principal Reduction Amounts for such Distribution Date are negative and, second, to REMIC II Regular Interests LT1, LT8, LT18 and LT22, pro rata according to their respective Uncertificated Principal Balances, to the extent of any remaining Net Deferred Interest.
Sample 1

Related to REMIC II Interest

  • REMIC II Interests means, collectively, the REMIC II Regular Interests and the Class R-II Certificates.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • REMIC III The segregated pool of assets consisting of all of the REMIC II Regular Interests conveyed in trust to the Trustee, for the benefit of the REMIC III Certificateholders pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • 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 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 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.

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

  • REMIC IV The segregated pool of assets consisting of the Class CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class CE Certificates and the Class RX Certificate (in respect of the Class R-4 Interest), with respect to which a separate REMIC election is to be made.

  • 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.

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

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

  • REMIC V The segregated pool of assets consisting of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class P Certificates and the Class RX Certificate (in respect of the Class R-5 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC II The segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests conveyed in trust to the Trustee for the benefit of the holders of each Class of Certificates (other than the Class R-I Certificates) pursuant to Section 2.06, with respect to which a separate REMIC election is to be made.

  • REMIC II Assets The REMIC I Regular Interests.

  • Lower Tier REMIC Interests Each of the Class LTA-1 Interest, the Class LTA-2A Interest, the Class LTA-2B Interest, the Class LTA-2C Interest, the Class LTA-2D Interest, the Class LTM-1 Interest, the Class LTM-2 Interest, the Class LTM-3 Interest, the Class LTM-4 Interest, the Class LTM-5 Interest, the Class LTM-6 Interest, the Class LTB-1 Interest, the Class LTB-2 Interest, the Class LTB-3 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest, the Class LT-IO Interest and the Class LTR Interest.

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

  • REMIC II Certificate Any Regular Certificate or Class R Certificate.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

  • REMIC 4 The segregated pool of assets consisting of the Class C Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class C Certificates and the Class R-X Certificates (in respect of the Class R-4 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • REMIC III Certificate Any Regular Certificate or Class R Certificate.

  • 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.