REMIC II Regular Interest D definition
REMIC II Regular Interest D means the uncertificated interest designated as a “regular interest” (within the meaning of the REMIC Provisions) in REMIC II, which shall consist of an interest having a REMIC II Principal Amount equal to the Aggregate Certificate Balance of the Class D Certificates, and which has a Pass-Through Rate equal to the Weighted Average REMIC I Net Mortgage Rate from time to time.
REMIC II Regular Interest D means the REMIC II Regular Interest that bears the designation "D".