Residual Proceeds. With respect to each REMIC Pool, the Holder of the Residual Interest shall be entitled to receive upon presentation and surrender of their Residual Interest to the Administrator, the proceeds of the remaining Assets, if any, after all required principal and interest payments on the related Regular Interests have been made.
Appears in 3 contracts
Sources: Multifamily Internal Remic Master Trust Agreement, Internal Remic Master Trust Agreement, Internal Remic Master Trust Agreement
Residual Proceeds. With respect to each REMIC Pool, the Holder of the Residual Interest shall be entitled to receive receive, upon presentation and surrender of their Residual Interest to the Administrator, the proceeds of the remaining Assets, if any, after all required principal and interest payments on the related Regular Interests have been made.
Appears in 1 contract