Underlying REMIC Certificate definition

Underlying REMIC Certificate. Each Xxxxxx Xxx Guaranteed REMIC Pass-Through Certificate held in the Lower Tier REMIC and identified in the Xxxxxx Mae Security Schedule.
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Underlying REMIC Certificate. The Xxxxxx Mae Guaranteed REMIC Pass-Through Certificate held in the Lower Tier REMIC and identified in the Mortgage Security Schedule.
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Underlying REMIC Certificate. The Xxxxxx Xxx Guaranteed REMIC Pass-Through Certificate held in the Trust Fund and identified in the Mortgage Security Schedule.
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Examples of Underlying REMIC Certificate in a sentence

  • In the event that there shall be any matter arising under any Underlying Trust Agreement which requires or permits the vote of holders of certificates outstanding thereunder, the Trustee as the holder of the related Underlying REMIC Certificate shall vote such Underlying REMIC Certificate in accordance with instructions received from Holders of the related Classes having Certificate Balances aggregating not less than 51% of the aggregate of the Certificate Balances of such Classes.

  • It connected lots of people and lately have grown-up corporations between China and Europe (Glock, 2017).

  • Notwithstanding anything to the contrary in Section 2.01, Xxxxxx Mae, in each of its capacities, retains or is and will be granted, as applicable, on a nonexclusive basis, any and all licenses and rights to store, reproduce, edit, analyze, distribute and use in any manner all or part of information or data contained in any records and documentation regarding the Underlying REMIC Certificates and all accounts and other matters relating to any Underlying REMIC Certificate or Trust under the Trust Documents.

  • If the Issuer fails to transfer the entire legal ownership in and to each Underlying REMIC Certificate to the related Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Underlying REMIC Certificate to the Trustee for the related Trust.

  • In the event that there shall be any matter arising under any Underlying Trust Agreement which requires or permits the vote of holders of certificates outstanding thereunder, the Trustee, as the holder of the related Underlying REMIC Certificate shall vote such Underlying REMIC Certificate in accordance with instructions received from Holders of the related Classes having Certificate Balances aggregating not less than 51% of the aggregate of the Certificate Balances of such Classes.

  • In the event that there shall be any matter arising under any Underlying Trust Agreement which requires or permits the vote of holders of certificates outstanding thereunder, the Trustee as the holder of the related Underlying REMIC Certificate shall vote such Underlying REMIC Certificate in accordance with instructions received from Holders of the related Group of Classes having Certificate Balances aggregating not less than 51% of the aggregate of the Certificate Balances of such Classes.

  • In the event that there shall be any matter arising under any Underlying Trust Agreement which requires or permits the vote of holders of certificates outstanding thereunder, the Trustee as the holder of the related Underlying REMIC Certificate, shall vote such Underlying REMIC Certificate in accordance with instructions received from Holders of the related Classes having Certificate Balances aggregating not less than 51% of the aggregate of the Certificate Balances of such Classes.

  • Each Underlying REMIC Certificate and each Certificate (other than the Exchange and Exchangeable Certificates and the Class X, Class LT-R or Class R Certificate), represents ownership of one or more regular interests in REMIC III for purposes of the REMIC Provisions.

  • Each Underlying REMIC Certificate and each Certificate (other than the Exchange and Exchangeable Certificates, the Class P, Class LT-R and Class R Certificates), represents ownership of one or more regular interests in the Upper Tier REMIC for purposes of the REMIC Provisions.

  • In the event that there shall be any matter arising under any Underlying Trust Agreement which requires or permits the vote of holders of certificates outstanding thereunder, the Trustee, as the holder of the related Underlying REMIC Certificate, shall vote such Underlying REMIC Certificate in accordance with instructions received from Holders of the related Classes having Certificate Balances aggregating not less than 51% of the aggregate of the Certificate Balances of such Classes.


More Definitions of Underlying REMIC Certificate

Underlying REMIC Certificate. The Xxxxxx Xxx Guaranteed Grantor Trust Pass- Through Security held in the Lower Tier REMIC and identified in the Mortgage Security Schedule.
Sample 1

Related to Underlying REMIC Certificate

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

  • Class C Certificate Any one of the Certificates with a “Class C” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Class B Certificate Any one of the Certificates designated as a Class B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate.

  • Class H Certificate means any of the Certificates with a "Class H" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class A-AB Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-5 hereto.

  • Class X-B Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-7 hereto.

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • Class A-SB Certificate Any one of the Certificates with a “Class A-SB” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Class A-8 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-8 and Exhibit C 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.

  • Class R-1 Certificate Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.

  • Class A-PO Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-PO and Exhibit C hereto.

  • Class K Certificate means any of the Certificates with a "Class K" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class A Certificate Any Class A-1 Certificate, Class A-2 Certificate, Class A-3 Certificate, Class A-4 Certificate, Class A-5 Certificate, Class A-6 Certificate or Class A-7 Certificate.

  • Class CE Certificate Any one of the Class CE Certificates executed, authenticated and delivered by the Trustee or the Trust Administrator, substantially in the form annexed hereto as Exhibit A-8 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class P Certificate Any one of the Class P Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • Class L Certificate means any of the Certificates with a "Class L" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • Class A-7 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-7 and Exhibit C hereto.

  • 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.

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.

  • Class A-IO Certificate Any one of the Class A-IO Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Class A-S Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-8 hereto.

  • Class X-A Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-6 hereto.