REMIC I Regular Interests Sample Clauses
The "REMIC I Regular Interests" clause defines the rights and characteristics of the regular interests issued by the first-tier Real Estate Mortgage Investment Conduit (REMIC) in a securitization structure. This clause typically outlines how these interests are structured, the payment priorities, and the entitlements of holders to principal and interest from the underlying mortgage assets. For example, it may specify the classes of securities that qualify as regular interests and the conditions under which payments are made. The core function of this clause is to ensure compliance with tax regulations governing REMICs and to provide clarity to investors regarding their rights and the flow of payments within the securitization.
REMIC I Regular Interests. 50 REMIC I Regular Interest LT-A-1..............................................50 REMIC I Regular Interest LT-A-2..............................................50 REMIC I Regular Interest LT-A-3..............................................50
REMIC I Regular Interests. 49 TABLE OF CONTENTS (continued)
REMIC I Regular Interests. 45 REMIC I Regular Interest LT-A-1..............................................45 REMIC I Regular Interest LT-A-2..............................................45 REMIC I Regular Interest LT-A-3..............................................45 REMIC I Regular Interest LT-A-4..............................................45 REMIC I Regular Interest LT-A-5..............................................46 REMIC I Regular Interest LT-A-6..............................................46 REMIC I Regular Interest LT-A-7..............................................46 REMIC I Regular Interest LT-A-8..............................................46 REMIC I Regular Interest LT-A-9..............................................46 REMIC I Regular Interest LT-A-10.............................................46 REMIC I Regular Interest LT-A-11.............................................46 REMIC I Regular Interest LT-A-12.............................................46 REMIC I Regular Interest LT-A-13.............................................46 REMIC I Regular Interest LT-A-14.............................................47 REMIC I Regular Interest LT-A-15.............................................47 REMIC I Regular Interest LT-A-16.............................................47 REMIC I Regular Interest LT-A-17.............................................47 REMIC I Regular Interest LT-A-18.............................................47 REMIC I Regular Interest LT-A-19.............................................47 REMIC I Regular Interest LT-A-20.............................................47 REMIC I Regular Interest LT-A-21.............................................47 REMIC I Regular Interest LT-A-22.............................................47 REMIC I Regular Interest LT-A-23.............................................48 REMIC I Regular Interest LT-A-24.............................................48 REMIC I Regular Interest LT-A-25.............................................48 REMIC I Regular Interest LT-A-26.............................................48 REMIC I Regular Interest LT-A-27.............................................48 REMIC I Regular Interest LT-A-28.............................................48 REMIC I Regular Interest LT-A-29.............................................48
REMIC I Regular Interests. 36 REMIC I Regular Interest AA............................................................36 REMIC I Regular Interest A-I-1.........................................................36 REMIC I Regular Interest A-I-2.........................................................36 REMIC I Regular Interest A-II-1........................................................36 REMIC I Regular Interest A-II-2........................................................36 REMIC I Regular Interest A-II-3........................................................36 REMIC I Regular Interest M-1...........................................................37 REMIC I Regular Interest M-2...........................................................37 REMIC I Regular Interest M-3...........................................................37 REMIC I Regular Interest M-4...........................................................37 REMIC I Regular Interest M-5...........................................................37 REMIC I Regular Interest M-6...........................................................37 REMIC I Regular Interest M-7...........................................................37 REMIC I Regular Interest M-8...........................................................37 REMIC I Regular Interest ZZ............................................................37 REMIC I Regular Interest ZZ Maximum Interest Deferral Amount...........................38
REMIC I Regular Interests. 38 REMIC II............................................................38
REMIC I Regular Interests. 47 REMIC I Regular Interest A-I...........................................................48 REMIC II Interest Loss Allocation Amount...............................................48
REMIC I Regular Interests. 42 -vi- TABLE OF CONTENTS (CONTINUED) PAGE
REMIC I Regular Interests. REMIC I Regular Interest LT-A-1, REMIC I Regular Interest LT- A-2 and REMIC I Regular Interest I-LTC.
REMIC I Regular Interests. REMIC I Regular Interest LT-AA, REMIC I Regular ▇▇▇▇▇▇▇▇ ▇▇-▇▇, REMIC I Regular Interest LT-M1, REMIC I Regular Interest LT-M2, REMIC I Regular Interest LT-M3, REMIC I Regular Interest LT-ZZ and REMIC I Regular Interest LT-XP.
REMIC I Regular Interests. REMIC I SUBORDINATED BALANCE RATIO........................................................................