REMIC 4 Components definition

REMIC 4 Components. The Class T4-4, Class T4-5, Class T4-6, Class T4-11, Class T4-12, Class T4-13, Class T4-A1AIO, Class T4-A1FIO, Class T4-A2FIO, Class T4-M1IO, Class T4-M2IO and Class T4-BIO Interests. Each of the REMIC 4 Components represents a regular interest in REMIC 4.
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Examples of REMIC 4 Components in a sentence

  • The Class CE Certificates shall be deemed to receive the aggregate of the amounts distributable in respect of the REMIC 4 Components, notwithstanding that a portion of such amount is applied to pay any Cap Carryover Amount.

  • On each Distribution Date, to the extent the Class A-1F Certificates and the Class A-1A Certificates receive interest in excess of the Class A-1F Net Funds Cap and the Class A-1A Net Funds Cap, respectively, such interest will be treated as distributed to the Class X/N Interest in respect of interest on the REMIC 4 Components, pro rata, and then paid to the Class A-1F Certificates and the Class A-1A Certificates, respectively, pursuant to the related interest rate cap agreement.

  • The Class CE Certificates represent beneficial ownership of the REMIC 4 Components, subject to the obligation to pay Cap Carryover Amounts.

  • Any shortfalls of interest, including any Realized Losses allocated to reduce the Subsequent Overcollateralization Amount, shall be borne, first, by the REMIC 4 Components, pro rata based on interest accrued, before being allocated to the applicable P&I Regular Interests.

  • Any remaining amount with respect to the REMIC 4 Components or any remaining Yield Maintenance Agreement Payment shall be treated as having been distributed to the Holders of the Class CE Certificates from the Grantor Trust.

  • Any shortfalls of interest, including any Realized Losses allocated to reduce the Subsequent Overcollateralization Amount, shall be borne, first, by the REMIC 4 Components, pro rata based on interest accrued, before being allocated to the P&I Regular Interests.

  • Any shortfalls of interest, including any Realized Losses allocated to reduce the Subsequent Overcollateralization Amount, shall be borne, first, by the REMIC 4 Components, pro rata based on interest accrued, before being allocated to the applicable other REMIC 4 Regular Interests.

  • Unless otherwise specified, interest on the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3 and Class M-4 Certificates and on the REMIC 4 Components for any Distribution Date will be calculated on the basis of the actual number of days in the related Interest Accrual Period over a 360-day year, and interest on the Class A-1 Certificates and the Class A-2 Certificates will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

  • The REMIC 4 Regular Interests, other than the Class T4-B2 Interest and the REMIC 4 Components, as well as the REMIC 5 Regular Interest and the REMIC 6 Regular Interest, will be held as assets of the Grantor Trust, which will also hold the rights of the Offered Certificates to receive their respective LIBOR Carryover Amounts.

  • The Class X/BB Interest shall be deemed to receive the aggregate of the amounts distributable in respect of the REMIC 4 Components, notwithstanding that a portion of such amount is applied to pay the LIBOR Carryover Amount.

Related to REMIC 4 Components

  • REMIC 4 The segregated pool of assets consisting of the Class C Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class C Certificates and the Class R-X Certificates (in respect of the Class R-4 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • REMIC 2 Regular Interests One of the separate non-certificated beneficial ownership interests in REMIC 2 issued hereunder and designated as a Regular Interest in REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related Uncertificated REMIC 2 Pass-Through Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The following is a list of each of the REMIC 2 Regular Interests: REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTA1, REMIC 2 Regular Interest LTA2, REMIC 2 Regular Interest LTA3, REMIC 2 Regular Interest LTA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest LTM10, REMIC 2 Regular Interest LTZZ, REMIC 2 Regular Interest LTP and REMIC 2 Regular Interest LTIO.

  • REMIC 1 Regular Interests REMIC 1 Regular Interest LT1A, REMIC 1 Regular Interest LT1B, REMIC 1 Regular Interest LT1C, REMIC 1 Regular Interest LT1D and REMIC 1 Regular Interest LT1P.

  • REMIC 2 Regular Interest Each of the REMIC 2 Interests other than the Class LT2-R Interest.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.