REMIC IV Regular Interest definition

REMIC IV Regular Interest. Any of the separate non-certificated beneficial ownership interests in REMIC IV issued hereunder and designated as a “regular interest” in REMIC IV.

REMIC IV Regular Interest. The Class I-CE Interest, Class II-CE Interest, Class I-P Interest, Class II-P Interest, Class I-IO Interest, Class II-IO Interest or any Regular Interest in REMIC IV the ownership of which is represented by any of the Class A Certificates or Class M Certificates.

REMIC IV Regular Interest. Any of the Class IO Interest, and any “regular interest” in REMIC IV the ownership of which is represented by a Class A Certificate or Subordinated Certificate.

Examples of REMIC IV Regular Interest in a sentence

• For federal income tax purposes, such amounts paid to the Supplemental Interest Trust Account on each Distribution Date shall first be deemed paid to the Supplemental Interest Trust Account in respect of REMIC IV Regular Interest IO to the extent of the amount distributable on such REMIC IV Regular Interest IO on such Distribution Date, and any remaining amount shall be deemed paid to the Supplemental Interest Trust Account in respect of the SB-AM Swap Agreement.

• Realized Losses allocated to the Class SB Certificates shall, to the extent such Realized Losses represent Realized Losses on an interest portion, be allocated to REMIC IV Regular Interest SB-IO.

• Realized Losses allocated to the Overcollateralization Amount pursuant to paragraph (b) of this Section shall be deemed first to reduce the principal balance of REMIC IV Regular Interest SB-PO until such principal balance shall have been reduced to zero and thereafter to reduce accrued and unpaid interest on REMIC IV Regular Interest SB-IO.

• Realized Losses allocated to the Excess Cash Flow pursuant to paragraph (b) of this Section shall be deemed to reduce Accrued Certificate Interest on REMIC IV Regular Interest SB-IO.

• However, any payment from the Certificates (other than the Class SB Certificates and Class R Certificates) of a Class IO Distribution Amount shall be treated for tax purposes as having been received by the holders of such Certificates in respect of the REMIC IV Regular Interest corresponding to such Class of Certificates and as having been paid by such holders to the Supplemental Interest Trust Account pursuant to the SB-AM Swap Agreement.

More Definitions of REMIC IV Regular Interest

REMIC IV Regular Interest. Any of the separate non-certificated beneficial ownership interests in REMIC IV set forth in Section 5.01(c)(iv) and issued hereunder and designated as a “regular interest” in REMIC IV. Each REMIC IV Regular Interest shall accrue interest at the Uncertificated Pass-Through Rate specified for such REMIC IV Interest in Section 5.01(c)(iv), 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 Section 5.01(c)(iv). The designations for the respective REMIC IV Regular Interests are set forth in Section 5.01(c)(iv).

REMIC IV Regular Interest. Any of the separate non-certificated beneficial ownership interests in REMIC IV set forth in Section 5.01(c)(iv) and issued hereunder and designated as a "regular interest" in REMIC IV. Each REMIC IV Regular Interest shall accrue interest at the Uncertificated Pass-Through Rate specified for such REMIC IV Interest in Section 5.01(c)(iv), 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 Section 5.01(c)(iv). The designations for the respective REMIC IV Regular Interests are set forth in Section 5.01(c)(iv). REMIC V: That group of assets contained in the Trust Fund designated as a REMIC consisting of REMIC IV Regular Interests B-IO-I and B-IO-P and any proceeds thereof.

REMIC IV Regular Interest. As described in the Preliminary Statement.

REMIC IV Regular Interest. As defined in Section 2.07.

REMIC IV Regular Interest. The separate non-certificated beneficial ownership interest in REMIC IV set forth in Section 5.01(c)(iv) and issued hereunder and designated as a "regular interest" in REMIC IV. The REMIC IV Regular Interest shall accrue interest at the Uncertificated Pass-Through Rate specified for such REMIC IV Interest in Section 5.01(c)(iv). The designation for the REMIC IV Regular Interest is set forth in Section 5.01(c)(iv).

REMIC IV Regular Interest. Any of the separate non-certificated beneficial ownership interests in REMIC IV issued hereunder and designated as a Regular Interest in REMIC IV. Each REMIC IV Regular Interest shall accrue interest at the related Uncertificated REMIC IV 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 IV Regular Interests are set forth in the Preliminary Statement hereto.

REMIC IV Regular Interest. Any Class A Certificate, Mezzanine Certificate, the Class CE Interest or the Class P Interest.