REMIC III Remittance Rate definition

REMIC III Remittance Rate. With respect to each Class of Class I Notes, the Note Rate for such Class. With respect to the REMIC III Regular Interest SB-PO, 0% per annum. With respect to the REMIC III Regular Interest SB-IO the Certificate Rate therefor.

REMIC III Remittance Rate. With respect to REMIC III Regular Interest III- LTAA, REMIC III Regular Interest III-LTAV1, REMIC III Regular Interest III-LTAV2, REMIC III Regular Interest III-LTAF, REMIC III Regular Interest III-LTM1, REMIC III Regular Interest III- LTM2, REMIC III Regular Interest III-LTM3, REMIC I Regular Interest III-LTM4, REMIC I Regular Interest III-LTM5, REMIC III Regular Interest III-LTM6, REMIC III Regular Interest III- LTZZ, REMIC III Regular Interest III-LTP, REMIC III Regular Interest III-LT1SUB, REMIC III Regular Interest III-LT2SUB, REMIC III Regular Interest III-LT3SUB and REMIC III Regular Interest III-LTXX, the weighted average of (i) the REMIC II Remittance Rate on REMIC II Regular Interest II-LT1, (ii) the excess, if any, of (x) the REMIC II Remittance Rate on REMIC II Regular Interest II-LTSA over (y) 5.00%, (iii) the excess, if any, of (x) the REMIC II Remittance Rate on REMIC II Regular Interest II-LTSB over (y) 5.00%, (iv) the excess, if any, of (x) the REMIC II Remittance Rate on REMIC II Regular Interest II-LTSC over (y) 5.00%, (v) the excess, if any, of (x) the REMIC II Remittance Rate on REMIC II Regular Interest II-LTSD over (y) 5.00%, (vi) the excess, if any, of (x) the REMIC II Remittance Rate on REMIC II Regular Interest II-LTSE over (y) 5.00%, (viii) the REMIC II Remittance Rate on REMIC II Regular Interest II-LT2 and (viii) the REMIC II Remittance Rate on REMIC II Regular Interest II-LT3, in each case weighted on the basis of each such REMIC II Regular Interest's Uncertificated Balance. With respect to REMIC III Regular Interest III-LTS, (i) from the 1st through the 30th Distribution Date, the lesser of (a) 5.00% per annum and (b) the weighted average of the REMIC II Remittance Rate on REMIC II Regular Interest II-LTSE, weighted on the basis of the Uncertificated Principal Balance of such REMIC II Regular Interest. With respect to REMIC III Regular Interest III-LT1GRP, the weighted average of (i) the REMIC II Remittance Rate on REMIC II Regular Interest II-LT1, (ii) the excess, if any, of (x) the REMIC II Remittance Rate on REMIC II Regular Interest II-LTSA over (y) 5.00%, (iii) the excess, if any, of (x) the REMIC II Remittance Rate on REMIC II Regular Interest II-LTSB over (y) 5.00%, (iv) the excess, if any, of (x) the REMIC II Remittance Rate on REMIC II Regular Interest II-LTSC over (y) 5.00%, (v) the excess, if any, of (x) the REMIC II Remittance Rate on REMIC II Regular Interest II-LTSD over (y) 5.00% and (vi) the excess, if any, of...

REMIC III Remittance Rate. With respect to the A-1, A-2, A-3, A-4, and A-5 REMIC III Regular Interests, the Note Rate for the Related Class of Notes. With respect to REMIC III Regular Interest A-IO, the Class A-IO Note Rate applied to the Class A-IO Notional Amount, which is equal to all of the interest on the Class MT-IO REMIC II Regular Interests.

Examples of REMIC III Remittance Rate in a sentence

• The following table irrevocably sets forth the designation, the REMIC III Remittance Rate, the initial aggregate Uncertificated Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC III Regular Interests.

• Prong 1 is typically a medical diagnosis of Autism Spectrum Disorder: ASD, while Prong 2 can be a combination of general education information and/or information describing the specific interventions conducted during the evaluation to determine the limitations of the general education program or the inability of the general education program to continue with said interventions.

• Amounts distrixxxxx xx xxx Xxxxx A-IO Noteholders pursuant to clauses (ii) and (x) above shall be treated for tax purposes as follows: Amounts distributed pursuant to clause (ii) shall be treated as having been distributed to the REMIC III Regular Interest A-IO to the extent that they represent interest at the REMIC III Remittance Rate and as having been distributed to the REMIC III Regular Interest SB-IO to the extent, if any, that they represent the Class A-IO Net Funds Amount.

• Amounts disxxxxxxxx xx xxx Xxass A-IO Noteholders pursuant to clauses (ii) and (x) above shall be treated for tax purposes as follows: Amounts distributed pursuant to clause (ii) shall be treated as having been distributed to the REMIC III Regular Interest A-IO to the extent that they represent interest at the REMIC III Remittance Rate and as having been distributed to the REMIC III Regular Interest SB-IO to the extent, if any, that they represent the Class A-IO Net Funds Amount.

• Each of the fifteen REMIC III Regular Interests will be designated as a separate "regular interest" in REMIC III for purposes of the REMIC Provisions under federal income tax law and will have a REMIC III Remittance Rate equal to the Weighted Average REMIC II Remittance Rate.

More Definitions of REMIC III Remittance Rate

REMIC III Remittance Rate means the per annum rate at which interest accrues in respect of any Group X-2 REMIC III Regular Interest, as set forth in or otherwise calculated in accordance with Section 2.12(f).

REMIC III Remittance Rate. With respect to each REMIC III Regular Interest for any Distribution Date, the Weighted Average REMIC II Remittance Rate for such Distribution Date.

REMIC III Remittance Rate. With respect to the A-[1] and A-[2] REMIC III Regular Interests, the Note Rate for the Related Class of Notes. With respect to REMIC III Regular Interest A-[IO], the Class A-[IO] Note Rate applied to the Class A-[IO] Notional Amount, which is equal to all of the interest on the Class LTA-[IO] REMIC II Regular Interest.

REMIC III Remittance Rate means the per annum rate at which interest accrues in respect of any Group A-SP REMIC III Regular Interest or Group A-X REMIC III Regular Interest during any Interest Accrual Period, as set forth in or otherwise calculated in accordance with SECTION 2.16(f).

REMIC III Remittance Rate. With respect to REMIC III Regular Interest LTII-P, a per annum rate equal to the Uncertificated REMIC II Remittance Rate on REMIC II Regular Interest LTI-P. With respect to REMIC III Regular Interest LTII-AA, REMIC III Regular Interest LTII-A, and REMIC III Regular Interest LTII-ZZ, a per annum rate (but not less than zero) equal to the weighted average of: (x) with respect to REMIC II Regular Interest LTI-A, the Uncertificated REMIC II Remittance Rate for such REMIC II Regular Interest for each such Distribution Date, and (y) with respect to REMIC II Regular Interest LTI-AIO for each Distribution Date listed below, the rates listed below: With respect to REMIC III Regular Interest LTII-AIO, (i) for the first twelve distribution dates, 3.20% and (ii) thereafter, 0.00%. With respect to REMIC III Regular Interest LTII-IO, 100% of the amounts distributed on REMIC II Regular Interest LTI-IO.

REMIC III Remittance Rate. With respect to each REMIC III Regular Interest (other than REMIC III Regular Interest III-LTIO and REMIC III Regular Interest III-LTP) and any Distribution Date, the Net WAC 30/360 Pass-Through Rate.

REMIC III Remittance Rate. With respect to each Class of Notes, the Note Rate for such Class. With respect to REMIC III Regular Interest SB-PO, 0% per annum. With respect to REMIC III Regular Interest SB-IO the Certificate Rate therefor. REMIC Provisions: Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Sections 860A through 860G of Subchapter M of Chapter 1 of the Code, and related provisions, and temporary and final regulations (or, to the extent not inconsistent with such temporary or final regulations, proposed regulations) and published rulings, notices and announcements promulgated thereunder, as the foregoing may be in effect from time to time. Remittance Rate: The REMIC I Remittance Rate, REMIC II Remittance Rate or REMIC III Remittance Rate, as applicable.