Common use of REMIC B Clause in Contracts

REMIC B. On each Distribution Date, the timing and amounts of principal distributions and allocations of Realized Losses on each Class of REMIC B Regular Interests shall be identical to the timing, amounts and allocations in respect of the corresponding Classes of REMIC A Regular Interests pursuant to Section 4.08(e)(1). For these purposes, the Class TB-1 Interest corresponds to the Class TA-1 Interest, the Class TB-2 and Class TB-AIO Interests correspond to the Class TA-2 Interest, and the Class TB-4 Interest corresponds to the Class TA-4

Appears in 3 contracts

Sources: Pooling and Servicing Agreement (Abfc Asset Backed Certificates Series 2002-Nc1), Pooling and Servicing Agreement (Abfc Asset Backed Certificates Series 2002-Sb1), Pooling and Servicing Agreement (C Bass Mortgage Loan Asset Backed Certs Ser 2002 Cb1)