UPPER-TIER REMIC Sample Clauses

UPPER-TIER REMIC. The Upper-Tier REMIC will hold the Lower-Tier Regular Interests and will issue the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class A-BP, Class X-A, Class X-BP, Class X-B, Class A-S, Class B, Class C, Class D, Class X-D, Class E-RR, Class F-RR, Class G-RR and Class H-RR Certificates, representing the “regular interests” in the Upper-Tier REMIC created hereunder. The Upper-Tier REMIC also will issue the uncertificated Class UR Interest, which is the sole Class of “residual interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions and is represented by the Class R Certificates. The following table (and related paragraphs) sets forth the designation, the pass-through rate (in the case of the Regular Certificates, the “Pass-Through Rate”) and the aggregate initial principal amount (in the case of the Principal Balance Certificates, the “Original Certificate Balance”), the aggregate initial notional amount (in the case of the Class X Certificates, the “Original Notional Amount”), as applicable, for each Class of Certificates: Class A-1 Certificates 2.222% $ 14,278,000 Class A-2 Certificates 3.278% $ 72,424,000 Class A-3 Certificates 3.205% $ 270,000,000 Class A-4 Certificates 3.469% $ 311,927,000 Class A-AB Certificates 3.313% $ 35,645,000 Class A-BP Certificates 3.837% $ 10,000,000 Class X-A Certificates 0.982995%(1) $ 774,426,000 (2) Class X-BP Certificates 0.500555%(1) $ 10,000,000 (2) Class X-B Certificates 0.384555%(1) $ 44,642,000 (2) Class A-S Certificates 3.752% $ 70,152,000 Class B Certificates 3.953% $ 44,642,000 Class C Certificates 4.337555% $ 56,122,000 Class D Certificates 2.700% $ 28,979,000 Class X-D Certificates 1.637555%(1) $ 28,979,000 (2) Class E-RR Certificates 4.337555% $ 27,142,000 Class F-RR Certificates 4.337555% $ 26,786,000 Class G-RR Certificates 4.337555% $ 10,204,000 Class H-RR Certificates 4.337555% $ 42,091,386 Class R Certificates N/A(3) N/A

UPPER-TIER REMIC. The Upper-Tier REMIC will hold the Lower-Tier Regular Interests and will issue the Class A-1, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B, Class C, Class X-B, Class X-D, Class X-E, Class D, Class E, Class J-RR, Class K-RR and Class VRR Certificates, which will evidence the “regular interests” in the Upper-Tier REMIC created hereunder. The Upper-Tier REMIC regular interests will have the same Pass-Through Rates as their corresponding Certificates and the same original principal amounts or notional amounts as the original certificate balance or notional amount, as applicable, of their corresponding Certificates as shown in the “Certificates” table below. The Upper-Tier REMIC will also issue the uncertificated Class UR Interest, which is the sole class of “residual interests” in the Upper-Tier REMIC for purposes of the REMIC Provisions and is represented by the Class R Certificates. The Class UR Interest will not have a Certificate Balance or Notional Amount, will not bear interest and will not be entitled to distributions of Prepayment Premiums or Yield Maintenance Charges. Any Aggregate Available Funds remaining in the Upper-Tier REMIC Distribution Account after all required distributions under this Agreement have been made to each Class of Regular Certificates will be deemed distributed to the Class UR Interest and shall be payable to the Holders of the Class R Certificates. The foregoing REMIC structure is intended to cause all of the cash from the Mortgage Loans to flow through to the Upper-Tier REMIC as cash flow on the Regular Certificates, without creating any shortfall, actual or potential (other than for credit losses), to any Regular Certificate. To the extent that the structure is believed to diverge from such intention, the parties identifying such ambiguity shall notify the other parties hereto and the parties involved will resolve such ambiguities to accomplish the intended result and will to the extent necessary rectify any drafting errors or seek clarification to the structure without Certificateholder approval (but with guidance of counsel) to accomplish such intention, including, to the extent necessary, making any amendments in accordance with Section 13.01 of this Agreement.

UPPER-TIER REMIC. The following table sets forth the Class designation, the approximate initial pass-through rate and the aggregate initial principal amount (the “Original Certificate Balance”) or, in the case of the Class X-A and Class X-D Certificates, notional amount (the “Original Notional Amount”), as applicable, for each Class of Certificates and each Class EC Regular Interest comprising or evidencing the interests in the Upper-Tier REMIC created hereunder: Class Designation Approximate Initial Pass-Through Rate (per annum) Original Certificate Balance / Original Notional Amount Class A-1 1.613% $42,973,000 Class A-2 2.292% $22,079,000 Class A-3 3.524% $33,518,000 Class A-4 3.349% $225,000,000 Class A-5 3.616% $415,175,000 Class A-AB 3.368% $70,409,000 Class X-A(1) 1.356% $861,171,000 Class A-S Regular Interest 3.849% $52,017,000 Class B Regular Interest 4.759% $75,136,000 Class C Regular Interest 4.759% $54,907,000 Class D 2.850% $65,021,000 Class X-D(1) 1.909% $65,021,000 Class E 4.759% $28,898,000 Class F 4.759% $11,560,000 Class G 4.759% $15,894,000 Class H 4.759% $43,347,829 Class R(2) N/A N/A

UPPER-TIER REMIC. Not applicable.

UPPER-TIER REMIC. REMIC 2.

UPPER-TIER REMIC. The Regular Interests will evidence “regular interests” in the Upper-Tier REMIC created hereunder. The Class UT-R Interest will constitute the sole Class of “residual interests” in the Upper-Tier REMIC created hereunder, and will be evidenced by the Class R Certificates.

UPPER-TIER REMIC. The Class A, Class X-A, Class X-B, Class B, Class C, Class D and Class E Certificates will evidence “regular interests” in the Upper-Tier REMIC created hereunder. The Class UT-R Interest will constitute the sole Class of “residual interests” in the Upper-Tier REMIC created hereunder, and will be evidenced by the Class R Certificates. The following table sets forth the class designation, the pass-through rate (the “Pass-Through Rate”) and the aggregate initial Certificate Balance (the “Initial Certificate Balance”) or aggregate initial Notional Amount (the “Initial Notional Amount”), as applicable, for each Class of Certificates (other than the Class R Certificates) and the Class UT-R Interest: Class Designation Initial Pass-Through Rate (per annum) Initial Certificate Balance or Initial Notional Amount Class A 2.8480%(1) $ 166,700,000 Class X-A 0.8785%(2) $ 166,700,000(3) Class X-B 0.3265%(2) $ 84,700,000(3) Class B 3.1820%(1) $ 50,800,000 Class C 3.7265%(4) $ 33,900,000 Class D 3.7265%(4) $ 53,600,000 Class E 3.7265%(4) $ 65,000,000 Class UT-R None(5) None(5)

UPPER-TIER REMIC. [The Class A-1, Class A-2, Class A-3, Class A-4, Class A-SB, Class A-1A, Class A-M, Class A-J, Class B, ▇▇▇▇▇ ▇, ▇▇▇ss D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class P, Class NR, Class X-1 and Class X-2 Certificates and the Class A-2FL Regular Interest will evidence "regular interests" in the Upper-Tier REMIC created hereunder. The sole Class of "residual interests" in the Upper-Tier REMIC created hereunder will be evidenced by the Class R Certificates.] The following table sets forth the designation, the pass-through rate (the "Pass-Through Rate"), the aggregate initial principal amount (the "Original Certificate Balance") or Notional Amount ("Original Notional Amount"), as applicable, and the initial ratings given each Class by the Rating Agencies for each Class of Certificates and the Class A-2FL Regular Interest comprising the interests in the Upper-Tier REMIC created hereunder: Initial Original Certificate Pass-Through Balance or Notional Ratings(1) Rate Amount (Moody's/S&P) ------------ -------------------- ------------- [Class A-1 Certificates](2) [_____]% $ [________] Aaa/AAA [Class A-2 Certificates](2) [_____]% $ [________] Aaa/AAA [Class A-2FL Regular Interest](2) [_____]%(3) $[________](4) Aaa/AAA(5) [Class A-3 Certificates](2) [_____]%(6) $ [________] Aaa/AAA [Class A-4 Certificates](2) [_____]%(6) $ [________] Aaa/AAA [Class A-SB Certificates](2) [_____]%(7) $ [________] Aaa/AAA [Class A-1A Certificates](2) [_____]%(6) $ [________] Aaa/AAA [Class A-M Certificates] [_____]%(6) $ [________] Aaa/AAA [Class A-J Certificates] [_____]%(8) $ [________] Aaa/AAA [Class B Certificates] [_____]%(8) $ [________] Aa2/AA [Class C Certificates] [_____]%(8) $ [________] Aa3/AA- [Class D Certificates] [_____]%(8) $ [________] A2/A [Class E Certificates] [_____]%(8) $ [________] A3/A- [Class F Certificates] [_____]%(8) $ [________] Baa1/BBB+ [Class G Certificates] [_____]%(8) $ [________] Baa2/BBB [Class H Certificates] [_____]%(8) $ [________] Baa3/BBB- [Class J Certificates] [_____]%(7) $ [________] Ba1/BB+ [Class K Certificates] [_____]%(7) $ [________] Ba2/BB [Class L Certificates] [_____]%(7) $ [________] Ba3/BB- [Class M Certificates] [_____]%(7) $ [________] B1/B+ [Class N Certificates] [_____]%(7) $ [________] B2/B [Class P Certificates] [_____]%(7) $ [________] B3/B- [Class NR Certificates] [_____]%(7) $ [________] */* [Class R Certificates] N/A(9) N/A(9) */* [Class X-1 Certificates] [_____]%(10) $ [________](...

UPPER-TIER REMIC. The Class A, Class B and Class VRR Certificates and the Uncertificated VRR Interestshall evidence “regular interests” in the Upper-Tier REMIC created hereunder. The Class UT-R Interest will constitute the sole class of “residual interests” in the Upper-Tier REMIC created hereunder, and will be evidenced by the Class R Certificates. The following table sets forth the class designation, the initial Pass-Through Rate and the aggregate initial Certificate Balance (the “Initial Certificate Balance”) or initial Uncertificated VRR Interest Balance (the