Uncertificated REMIC Regular Interests definition

Uncertificated REMIC Regular Interests. The 441 uncertificated partial undivided beneficial ownership interests in the Trust Fund, each relating to a Non-Discount Mortgage Loan, each having no principal balance and each bearing interest at the respective Uncertificated Pass-Through Rate on the respective Uncertificated Notional Amount.

Uncertificated REMIC Regular Interests. The 471 uncertificated partial undivided beneficial ownership interests in the Trust Fund, each relating to a Mortgage Loan with a Net Mortgage Rate in excess of 5.50%, each having no principal balance and each bearing interest at the respective Uncertificated Pass-Through Rate on the respective Uncertificated Notional Amount. Underwriter: Salomon Smith Xxxxxx Xxx. or Xxxxan Stanley & Xo. Xxxxxxxrated, as applicable.

Uncertificated REMIC Regular Interests. The REMIC 1 Regular Interests and the REMIC 2 Regular Interests.

Examples of Uncertificated REMIC Regular Interests in a sentence

• If the REMIC Administrator makes two or more separate REMIC elections, the applicable REMIC shall be terminated on the earlier of the Final Distribution Date and the date on which it is deemed to receive the last deemed distributions on the related Uncertificated REMIC Regular Interests and the last distribution due on the Certificates is made.

• Further, it is not intended that such conveyance be deemed to be a pledge of the Mortgage Loans and any Uncertificated REMIC Regular Interests by the Company to the Trustee to secure a debt or other obligation of the Company.

• The amount deemed distributable hereunder with respect to the Class A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated REMIC Regular Interests.

• The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in the REMIC other than the Certificates and the Uncertificated REMIC Regular Interests.

• The Company, as of the Closing Date, and concurrently with the execution and delivery hereof, does hereby assign without recourse all the right, title and interest of the Company in and to the Uncertificated REMIC Regular Interests to the Trustee for the benefit of the Holders of each Class of Certificates (other than the Class R-I Certificates and Class R-II Certificates, and with respect to the REMIC III Regular Interests SB-IO, SB-PO and IO, the Class R-III Certificates).

More Definitions of Uncertificated REMIC Regular Interests

Uncertificated REMIC Regular Interests. The Uncertificated Class A-I-IO REMIC II Regular Interests and the Uncertificated Class A-IO REMIC II Regular Interests.

Uncertificated REMIC Regular Interests. The 2,419 uncertificated partial undivided beneficial ownership interests in the Trust Fund numbered sequentially from 1 through 2,419 each relating to the particular Mortgage Loan identified by sequential number on the Mortgage Loan Schedule, each having no principal balance, and each bearing the respective Pool Strip Rate on the Stated Principal Balance of the related Mortgage Loan.

Uncertificated REMIC Regular Interests. REMIC I Regular Interest X, REMIC I Regular Interest Y, REMIC I Regular Interest Z and REMIC I IO Regular Interests. Underwriters: Xxxxxxx, Xxxxx & Co. and Residential Funding Securities Corporation.

Uncertificated REMIC Regular Interests. The interests identified in the table below, each representing an undivided beneficial ownership interest in the REMIC, and having the following characteristics:

Uncertificated REMIC Regular Interests. The REMIC I Regular Interests, the REMIC II Regular Interests and REMIC III Regular Interests SB-IO, SB-PO and IO.

Uncertificated REMIC Regular Interests. The REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests and REMIC IV Regular Interests SB-IO, SB-PO and IO. Uncertificated REMIC I Pass-Through Rate: With respect to each REMIC I Regular Interest ending with the designation "A", a per annum rate equal to the weighted average Net Mortgage Rate of the Mortgage Loans multiplied by two (2), subject to a maximum rate of 11.12%. With respect to each REMIC I Regular Interest ending with the designation "B", the greater of (x) a per annum rate equal to the excess, if any, of (i) 2 multiplied by the weighted average Net Mortgage Rate of the Mortgage Loans over (ii) 11.12% and (y) 0.00000%. With respect to REMIC I Regular Interest A-I, the weighted average of the Net Mortgage Rates on the Mortgage Loans. With respect to REMIC I Regular Interest I, the weighted average of the Net Mortgage Rates on the Group I Loans. With respect to REMIC I Regular Interest II, the weighted average of the Net Mortgage Rates on the Group II Loans. Uncertificated REMIC II Pass-Through Rate: With respect to any Distribution Date and (i) REMIC II Regular Interests Y-1 and Z-1, the Group I REMIC II Net WAC Rate, (ii) REMIC II Regular Interests Y-2 and Z-2, the Group II REMIC II Net WAC Rate, and (iii) REMIC II Regular Interest LT-IO, the excess of (i) the weighted average of the Uncertificated REMIC I Pass-Through Rates for REMIC I Regular Interests ending with the designation "A," over (ii) 2 multiplied by Swap LIBOR. Uncertificated REMIC III Pass-Through Rate: With respect to any Distribution Date and (i) REMIC III Regular Interests LT1, LT2 and LT-Y1, the Group I REMIC III Net WAC Rate, (ii) REMIC III Regular Interests LT5, LT6 and LT-Y2, the Group II REMIC III Net WAC Rate, (iii) REMIC III Regular Interests LT3 and LT7, zero (0.00%), (iv) REMIC III Regular Interest LT4, twice the Group I REMIC III Net WAC Rate, (v) REMIC II Regular Interest LT8, twice the Group II REMIC III Net WAC Rate; and (vi) REMIC III Regular Interest LT-IO, the excess of (i) the weighted average of the Uncertificated REMIC I Pass-Through Rates for REMIC I Regular Interests ending with the designation "A," over (ii) 2 multiplied by Swap LIBOR. Underwriter: Residential Funding Securities LLC. Section 1.02.

Uncertificated REMIC Regular Interests. The REMIC I Regular Interests and the REMIC II Regular Interests. Underwriter: Countrywide Securities Corporation.