REMIC Regular Certificate definition

REMIC Regular Certificate. A Class A-1, Class M-[1], Class M-[2] or Class [B-1] Certificate.
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REMIC Regular Certificate. Any Trust Certificate, other than a Class R Certificate.
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REMIC Regular Certificate. Any Certificate of the Group 1 Classes.
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Examples of REMIC Regular Certificate in a sentence

  • The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC Regular Certificate shall be the first Distribution Date that follows the stated maturity date for the Underlying Certificates.

  • The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC Regular Certificate shall be the first Distribution Date that follows the stated maturity date for the Underlying Certificate.

  • Unless otherwise advised by the Depositor in writing, for federal income tax purposes, the Trustee is hereby directed to assign a value of zero to the right of each Holder of an Offered Certificate to receive the related Basis Risk Carry Forward Amount for purposes of allocating the purchase price of an initial Holder of an Offered Certificate between such right and the related REMIC Regular Certificate.

  • Unless otherwise advised by the Depositor in writing, for federal income tax purposes, the Trustee is hereby directed to assign a value of zero to the right of each Holder of an Offered Certificate or Class I-B-1 Certificate to receive the related Basis Risk Carry Forward Amount for purposes of allocating the purchase price of an initial Holder of an Offered Certificate or Class I-B-1 Certificate between such right and the related REMIC Regular Certificate.

  • Unless otherwise advised by the Depositor in writing, for federal income tax purposes, the Trustee is hereby directed to assign a value of zero to the right of each Holder of an Offered Certificate or Class M-6 Certificate to receive the related Basis Risk Carry Forward Amount for purposes of allocating the purchase price of an initial Holder of an Offered Certificate or Class M-6 Certificate between such right and the related REMIC Regular Certificate.

  • Accordingly, the Class A Notes will be comprised of two components - a REMIC Regular Note and an interest in an interest rate cap contract, and the Class X Certificateholders will be comprised of two components - a REMIC Regular Certificate and ownership of the Excess Reserve Fund Account, subject to an obligation to pay Basis Risk Carry Forward Amounts.

  • Accordingly, each Class of Offered Certificates and the Class I-B-1 Certificates will be comprised of two components - a REMIC Regular Certificate and an interest in an interest rate cap contract, and the Class I-X Certificateholders or Class II-X Certificateholders, as applicable, will be comprised of two components - a REMIC Regular Certificate and ownership of the related Excess Reserve Fund Account, subject to an obligation to pay Basis Risk Carry Forward Amounts.

  • Accordingly, each Class of Offered Certificates will be comprised of two components - a REMIC Regular Certificate and an interest in an interest rate cap contract, and the Class X Certificateholders will be comprised of two components - a REMIC Regular Certificate and ownership of the Excess Reserve Fund Account, subject to an obligation to pay Basis Risk Carry Forward Amounts.

  • Accordingly, each Class of Offered Certificates and the Class M-6 Certificates will be comprised of two components - a REMIC Regular Certificate and an interest in an interest rate cap contract, and the Class X Certificateholders will be comprised of two components - a REMIC Regular Certificate and ownership of the Excess Reserve Fund Account, subject to an obligation to pay Basis Risk Carry Forward Amounts.


More Definitions of REMIC Regular Certificate

REMIC Regular Certificate. Any REMIC Certificate other than a Residual Certificate. Reserve Bank: Any Federal Reserve Bank, including its branches. Residual Certificate: The Class 38-R Certificate, the Class 38-RA Certificate or the Class 38-RL Certificate, as the context requires.
Sample 1
REMIC Regular Certificate. Any Certificate other than a Class I-R Certificate, Class II-R Certificate, Class I-P Certificate, Class II-P Certificate, Class I-X-1 Certificate or Class II-X-1 Certificate.
Sample 1
REMIC Regular Certificate. Any Certificate other than a Class R Certificate, Class P Certificate or Class X-1 Certificate.
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REMIC Regular Certificate. Any of (i) any of the Group I Certificates (other than the Class IP Certificates and the Class IL Certificates), (ii) any of the rights under any of the Group II Certificates (other than the Class IIP Certificates, the Class IIL Certificates and the Class IIC Certificates) other than the rights in interest rate cap contracts described in Section 2.07, and (iii) the Uncertificated Class IIC Interest.
Sample 1

Related to REMIC Regular Certificate

  • Regular Certificate Any Class A Certificate, Mezzanine Certificate, Class CE Certificate or Class P Certificate.

  • Regular Certificates As specified in the Preliminary Statement.

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

  • Class A-R Certificate The Certificate executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-R and Exhibit C hereto.

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

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

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

  • Class X Certificate Any one of the Certificates with a "Class X" designation on the face thereof, substantially in the form of Exhibit A-1, and evidencing a "regular interest" in REMIC II for purposes of the REMIC Provisions.

  • 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.

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

  • 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.

  • Class R-X Certificate Any one of the Class R-X Certificates executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-R-X and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.