REMIC 5 Regular Interests definition

REMIC 5 Regular Interests. Any of (i) the Class 1-A1, Class 1-A2, Class 1-AX, Class B1-I, Class B1X-I, Class B2-I, Class B2X-I, Class 2-A, Class 3-A, Class 5-A and Class 5-AX Certificates and (ii) the uncertificated REMIC regular interests represented by (x) the rights associated with the Class 4-A1, Class 4-A2, Class 4-A3, Class B1-II, Class B2-II, Class B3, Class B4, Class B5 and Class B6 Certificates other than the rights to receive payments in respect of Basis Risk Shortfalls and (y) the rights associated with the Class 4-AX and Class 4-PAX Certificates as determined without regard to the obligation to make payments in respect of Basis Risk Shortfalls.
View Source
REMIC 5 Regular Interests. The Class A-1 Certificates, Class A-2 Certificates, Class AIO Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class M-4 Certificates, Class B Certificates, Class T5-4 Interest, Class T5-11 Interest, Class T5-12 Interest, Class T5-13 Interest, Class T5-A1IO Interest, Class T5-A2IO Interest, Class T5-M1IO Interest, Class T5-M2IO Interest, Class T5-M3IO Interest, Class T5-M4IO Interest, and Class T4-BIO Interest.
View Source
REMIC 5 Regular Interests. The Class T5-A1 Interest, the Class A-2 Certificates, Class A-3 Certificates, Class M-1 Certificates, Class M-2 Certificates and Class B Certificates and the REMIC 5 Components.
View Source

Examples of REMIC 5 Regular Interests in a sentence

  • REMIC 1 shall hold as assets all property of the Trust Fund other than the REMIC 2 Regular Interests, the REMIC 3 Regular Interests, the REMIC 4 Regular Interests, the REMIC 5 Regular Interests and the rights to Prepayment Penalty Amounts.

  • On each Distribution Date, the timing and amounts of principal and interest distributions and allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts on the Classes of REMIC 4 Regular Interests identified as Corresponding Classes shall be identical to the timing, amounts and allocations in respect of Corresponding Classes of REMIC 5 Regular Interests pursuant to Section 4.09(a).

  • On each Distribution Date, the timing and amounts of principal and interest distributions and allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts on the Classes of REMIC 4 Regular Interests identified as Corresponding Classes shall be identical to the timing, amounts and allocations in respect of Corresponding Classes of REMIC 5 Regular Interests pursuant to Section 4.08(a).

  • The parties hereto intend that the REMIC 5 Regular Interests represented by each of the Class 2-AX, Class 2-PAX, Class 4-AX and Class 4-PAX Certificates, together with the related obligations to make payments to the Class 2-A1, Class 2-A2, Class 2-A3, Class 4-A, Class B1-II, Class B2-II, Class B3, Class B4, Class B5 and Class B6 Certificates shall be treated as grantor trusts under the Code and the provisions hereof shall be interpreted consistently with this intention.

  • Neither the Trustee nor the Trust Administrator shall permit the creation of any "interests" in REMIC 1A, REMIC 1B, REMIC 2, REMIC 3, REMIC 4, REMIC 5 or REMIC X (within the meaning of Section 860G of the Code) other than the REMIC 1A Regular Interests, the REMIC 1B Regular Interests, the REMIC 2 Regular Interests, the REMIC 3 Regular Interests, the REMIC 4 Group I Regular Interests, the REMIC 4 Group II Regular Interests, the REMIC 5 Regular Interests and the interests represented by the Certificates.

  • The parties hereto intend that the REMIC 5 Regular Interests represented by each of the Class 4-AX and Class 4-PAX Certificates, together with the related obligations to make payments to the Class 4-A1, Class 4-A2, Class 4-A3, Class B1-II, Class B2-II, Class B3, Class B4, Class B5 and Class B6 Certificates shall be treated as grantor trusts under the Code and the provisions hereof shall be interpreted consistently with this intention.

  • For the purposes of the REMIC election in respect of REMIC 5, (i) the Regular Certificates (other than the Class C Certificates and the Class P Certificates) and the REMIC 5 Regular Interests shall be designated as the Regular Interests in REMIC 5 and (ii) the Class R-5 Interest shall be designated as the Residual Interest in REMIC 5.

  • REMIC 1 shall hold as assets all property of the Trust Fund other than the REMIC 2 Regular Interests, the REMIC 3 Regular Interests, the REMIC 4 Regular Interests, the REMIC 5 Regular Interests, the Cap Agreements, the Cap Agreement Reserve Fund, the rights to Prepayment Penalty Amounts and interests in the grantor trusts described in Section 10.01 hereof.

  • The parties hereto intend that the REMIC 5 Regular Interests represented by each of the Class 4-AX Certificates and Class 4-PAX Certificates, together with the related obligations to make payments to the Class 4-A, Class B1, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates shall be treated as two separate grantor trusts under the Code and the provisions hereof shall be interpreted consistently with this intention.

  • The parties hereto intend that the REMIC 5 Regular Interests represented by each of the Class 2-AX Certificates and Class 2-PAX Certificates, together with the related obligations to make payments to the Class 2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class B1, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates shall be treated as two separate grantor trusts under the Code and the provisions hereof shall be interpreted consistently with this intention.


More Definitions of REMIC 5 Regular Interests

REMIC 5 Regular Interests. Any of (i) the Class 1-A, the Class B1-I, the Class B1-I-X, the Class B2-I, the Class B2-I-X, the Class 2-A, Class 4-A, Class 4-AX, Class 6-A, Class 7-A, Class 8-A1, Class 8-A2, Class 8-AX, Class B1-II-X and B2-II-X Certificates, (ii) the Class 3-AX REMIC Components and (iii) the uncertificated REMIC regular interests represented by (x) the rights associated with the Class 3-A1, Class 3-A2, Class 3-A3, Class 3-A4, Class 3-A5, Class 3-A6, Class 3-A7, Class 5-A, Class B1-II, Class B2-II, Class B3, Class B4, Class B5 and Class B6 Certificates other than the rights to receive payments in respect of Basis Risk Shortfalls and Group II Floating Rate Certificate Shortfalls and (y) the rights associated with the Class 3-AX, Class 3-PAX, Class 5-AX and Class 5-PAX Certificates as determined without regard to the obligation to make payments in respect of Basis Risk Shortfalls.
View Source
REMIC 5 Regular Interests. Any of (i) the Class 1-A, the Class 2-A, the Class 2-AX, the Class 4-A, the Class 5-A and the Class B1-X Certificates and (ii) the uncertificated REMIC regular interests represented by (x) the rights associated with the Class 3-A1, Class 3-A2, Class 3-A3, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates other than the rights to receive payments in respect of Basis Risk Shortfalls, (y) the rights associated with the Class B1 Certificates other than the right to receive payments in respect of Floating Rate Certificate Shortfalls and (z) the rights associated with the Class 3-AX and Class 3-PAX Certificates as determined without regard to the obligation to make payments in respect of Basis Risk Shortfalls.
View Source
REMIC 5 Regular Interests. Any of (i) the Class 1-A and the Class 3-A Certificates, (ii) the uncertificated REMIC regular interests represented by (x) the rights associated with the Class 2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class B1, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates other than the rights to receive payments in respect of Basis Risk Shortfalls and (y) the rights associated with the Class 2-AX and Class 2-PAX Certificates as determined without regard to the obligation to make payments in respect of Basis Risk Shortfalls and (iii) the Class 2-A8 Components.
View Source
REMIC 5 Regular Interests. REMIC 5 Regular Interest LT5-IC, REMIC 5 Regular Interest LT5-IIC, REMIC 5 Regular Interest LT5-IP, REMIC 5 Regular Interest LT5-IIP, REMIC 5 Regular Interest LT5-ICF, and REMIC 5 Regular Interest LT5-IICF.
View Source

Related to REMIC 5 Regular Interests

  • 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 I Regular Interests The Classes of undivided beneficial interests in REMIC I designated as “regular interests” in the table titled “REMIC I Interests” in the Preliminary Statement hereto. The REMIC I Regular Interests, together with the Class R-1 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC I Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • REMIC II Regular Interests The Classes of undivided beneficial interests in REMIC II designated as “regular interests” in the table titled “REMIC II Interests” in the Preliminary Statement hereto. The REMIC II Regular Interests, together with the Class R-2 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • REMIC Regular Interests The REMIC I Regular Interests and REMIC II Regular Interests.