Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date(1) ----------- --------------- ---------------------- ---------------- II-LT1 Variable(2) II-LT2 % per annum II-LT3 % per annum II-LT4 % per annum II-LT5 % per annum II-LT6 % per annum II-LT7 % per annum(3) II-LT8 % per annum II-LT9 Variable(2) II-LTP (4) II-LT2S Variable(2) (5) II-LT3S Variable(2) (5) II-LT5S Variable(2) (5) II-LT6S Variable(2) (5) II-LT7S Variable(2) (5) II-LT8S Variable(2) (5) -------------------- (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II Regular Interest. (2) Calculated in accordance with the definition of "REMIC II Remittance Rate" herein. (3) Subject to the Net WAC Pass-Through Rate. (4) The REMIC II Regular Interest II-LTP will not accrue interest.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (New Century Mortgage Securities Inc)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date(1) ----------- --------------- ---------------------- ---------------- II-LT1 Variable(2) II-LT2 % per annum Variable(2) II-LT3 % per annum Variable(2) II-LT4 % per annum Variable(2) II-LT5 % per annum Variable(2) II-LT6 7.000% per annum II-LT7 % per annum(3) II-LT8 % per annum II-LT9 Variable(2) II-LTP (43) II-LT2S Variable(2) (54) II-LT3S Variable(2) (54) II-LT4S Variable(2) (4) II-LT5S Variable(2) (54) II-LT6S Variable(2) (54) II-LT7S Variable(2) (5) II-LT8S Variable(2) (5) ---------------------7- -----------------------------
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II Remittance Rate" herein.
(3) Subject to the Net WAC Pass-Through Rate.
(4) The REMIC II Regular Interest II-LTP will not accrue interest.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Long Beach Securities Corp)