REMIC III Interest definition

REMIC III Interest. As defined in Section 2.07.
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REMIC III Interest. Any of the REMIC III Regular Interest and the Class R-X Certificates.
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REMIC III Interest. The REMIC III Regular Interests and Component III of the Class R Certificates. REMIC III Net Deferred Interest: Net Deferred Interest for Sub-Loan Group II-1 for any Distribution Date shall be allocated to REMIC III 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. Net Deferred Interest for Sub-Loan Group II-2 for any Distribution Date shall be allocated to REMIC III Regular Interest LT9 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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Examples of REMIC III Interest in a sentence

  • For the applicable Distribution Date listed in the first column in the table below, the Class II-A-IO(2) shall be entitled to interest accrued at a per annum rate equal to that of the Class A-IO-2 Certificates on each REMIC III Interest listed in the second column of the table below.

  • Each regular interest shall be entitled to receive, on each Distribution Date before the applicable Distribution Date Rate of Change, interest that accrues on the REMIC III Interest to which it corresponds at a per annum rate equal to 1.200%, provided that, on the first Distribution Date, no interest shall be distributable on any such regular interest.

  • Each such regular interest shall be entitled to receive, on each Distribution Date before the applicable Distribution Date Rate of Change, interest that accrues on the REMIC III Interest to which it corresponds at a per annum rate equal to 1.620%, provided that, on the first Distribution Date, no interest shall be distributable on any such regular interest.


More Definitions of REMIC III Interest

REMIC III Interest. Any of the REMIC III Regular Interests and Component III of the Class R Certificate. REMIC III Net Deferred Interest: Net Deferred Interest for any Distribution Date shall be allocated to REMIC III Regular Interests to the same extent that Net Deferred Interest is allocated to the Class of Certificates bearing the same designation. REMIC III Regular Interest I-X-1: A regular interest in REMIC III that has an initial principal balance equal to zero, that bears interest at the related Uncertificated REMIC III Pass-Through Rate on its Uncertificated Notional Amount, and that has such other terms as are described herein. REMIC III Regular Interest I-X-2: A regular interest in REMIC III that has an initial principal balance equal to zero, that bears interest at the related Uncertificated REMIC III Pass-Through Rate on its Uncertificated Notional Amount, and that has such other terms as are described herein. REMIC III Regular Interest II-X-1: A regular interest in REMIC III that has an initial principal balance equal to zero, that bears interest at the related Uncertificated REMIC III Pass-Through Rate on its Uncertificated Notional Amount, and that has such other terms as are described herein. REMIC III Regular Interest II-X-2: A regular interest in REMIC III that has an initial principal balance equal to zero, that bears interest at the related Uncertificated REMIC III Pass-Through Rate on its Uncertificated Notional Amount, and that has such other terms as are described herein. REMIC III Regular Interest II-X-3: A regular interest in REMIC III that has an initial principal balance equal to zero, that bears interest at the related Uncertificated REMIC III Pass-Through Rate on its Uncertificated Notional Amount, and that has such other terms as are described herein. REMIC III Regular Interest III-X-1: A regular interest in REMIC III that has an initial principal balance equal to zero, that bears interest at the related Uncertificated REMIC III Pass-Through Rate on its Uncertificated Notional Amount, and that has such other terms as are described herein. REMIC III Regular Interest IV-X-1: A regular interest in REMIC III that has an initial principal balance equal to zero, that bears interest at the related Uncertificated REMIC III Pass-Through Rate on its Uncertificated Notional Amount, and that has such other terms as are described herein. REMIC III Regular Interest IV-X-2: A regular interest in REMIC III that has an initial principal balance equal to zero, tha...
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Related to REMIC III Interest

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

  • 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 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.

  • REMIC Regular Interest Any REMIC I Regular Interest or REMIC II Regular 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.

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

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

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

  • 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.

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

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

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

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

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

  • REMIC III CERTIFICATES has the meaning set forth in the final paragraph of the Preliminary Statement hereto.

  • 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 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 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.

  • Corresponding REMIC II Regular Interest means the REMIC II Regular Interest as defined in the Preliminary Statement with respect to any Class of Corresponding Certificates or any Corresponding Component.

  • REMIC 2 Regular Interests One of the separate non-certificated beneficial ownership interests in REMIC 2 issued hereunder and designated as a Regular Interest in REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related Uncertificated REMIC 2 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 following is a list of each of the REMIC 2 Regular Interests: REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTA1, REMIC 2 Regular Interest LTA2, REMIC 2 Regular Interest LTA3, REMIC 2 Regular Interest LTA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest LTM10, REMIC 2 Regular Interest LTZZ, REMIC 2 Regular Interest LTP and REMIC 2 Regular Interest LTIO.

  • 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 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.

  • REMIC 1 Regular Interests REMIC 1 Regular Interest LT1A, REMIC 1 Regular Interest LT1B, REMIC 1 Regular Interest LT1C, REMIC 1 Regular Interest LT1D and REMIC 1 Regular Interest LT1P.