REMIC B-3 definition

REMIC B-3. As defined in the Preliminary Statement.
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Examples of REMIC B-3 in a sentence

  • All allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts to the REMIC 2 B-3 Interest shall result in similar allocations to the REMIC B-3 B-3 Interest.

  • The REMIC 2 B-3 Interest will be held as the sole asset of REMIC B-3.

  • All amounts deemed distributed in respect of the REMIC 2 B-3 Interest shall be treated as received by REMIC B-3 then distributed by REMIC B-3 in respect of the REMIC B-3 B-3 Interest.

  • If on any Distribution Date the Class Principal Balance of the Class B-3 Certificates is increased pursuant to the last sentence of the definition of "Certificate Principal Balance", then there shall be an equivalent increase in the principal amount of the REMIC B-3 B-3 Interest on such Distribution Date.

  • Any amounts distributed to the Class B-3 Certificates pursuant to Section 4.01 or this Section 4.02, other than payments in respect of Excess Interest, shall be deemed distributed by REMIC 2 to REMIC B-3 in respect of the REMIC 2 B-3 Interest, and distributed thereby as a distribution in respect of the REMIC B-3 B-3 Interest.

  • Each of the Class R-B-1, Class R-B-2, Class R-B-3, Class R-CE-1, Class R-IO and Class R-CE-2 Interests, represented collectively by the Class R-X Certificates, represent the sole Class of "residual interest" in REMIC B-1, REMIC B-2, REMIC B-3, REMIC CE-1, REMIC IO and REMIC CE-2, respectively, for purposes of the REMIC provisions.

  • The residual interest in REMIC B-3 will be the Class R-B-3 Interest, which will be represented by the Class R-X Certificate.

  • The sole regular interest in REMIC B-3 will be the REMIC B-3 B-3 Interest.

  • The Class B-3 Certificates represent beneficial ownership of the REMIC B-3 Regular Interest and the right to receive Excess Net WAC Amounts.

  • Each of the Class R-M-5, Class R-M-6, Class R-B-1, Class R-B-2, Class R-B-3, Class R-B-4, Class R-B-5, Class R-CE-1, Class R-IO and Class R-CE-2 Interests, represented collectively by the Class R-X Certificates, represent the sole Class of "residual interest" in REMIC M-5, REMIC M-6, REMIC B-1, REMIC B-2, REMIC B-3, REMIC B-4, REMIC B-5, REMIC CE-1, REMIC IO and REMIC CE-2, respectively, for purposes of the REMIC provisions.

Related to REMIC B-3

  • 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 V The segregated pool of assets consisting of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class P Certificates and the Class RX Certificate (in respect of the Class R-5 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC 3 The segregated pool of assets consisting of all of the REMIC 2 Regular Interests conveyed in trust to the Trustee, for the benefit of the Holders of the Regular Certificates and the Class R Certificate (in respect of the Class R-3 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 As described in the Preliminary Statement.

  • REMIC VI The segregated pool of assets consisting of the Class IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of REMIC VI Regular Interest IO and the Class RX Certificate (in respect of the Class R-6 Interest), with respect to which a separate REMIC election is to be made.