SUBSIDIARY REGULAR INTERESTS definition

SUBSIDIARY REGULAR INTERESTS. Each of the S1 Interest, S2 Interest, S3 Interest, S4 Interest, S5 Interest, SP Interest and SX Interest.
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SUBSIDIARY REGULAR INTERESTS. There shall be four Subsidiary Regular Interests. The first subsidiary regular interest (the "First Subsidiary Regular Interest") shall have the same characteristics as the Class A-3, Class A-4, Class A-5, Class A-6, Class M, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates and shall have the right to receive distributions from the Mortgage Pool in the amounts necessary to make all required distributions with respect to such Classes. The second subsidiary regular interest (the "Second Subsidiary Regular Interest") shall have the same characteristics as the Class A-1 and Class A-2 Certificates and shall have the right to receive distributions from the Mortgage Pool in the amounts necessary to make all required distributions with respect to such Classes. The third subsidiary regular interest (the "Third Subsidiary Regular Interest") shall have the same characteristics as the Class A-P Certificates and shall have the right to receive distributions from the Mortgage Pool in the amounts necessary to make all required distributions with respect to such Class. The fourth subsidiary regular interest (the "Fourth Subsidiary Regular Interest") shall have the same characteristics as the Class A-X Certificates and shall have the right to receive distributions from the Mortgage Pool in the amounts necessary to make all required distributions with respect to such Class.
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SUBSIDIARY REGULAR INTERESTS. Each of the Class IA-1 interest, the Class IA-2 Interest, the Class IA-3 Interest, the Class IA-4 Interest, the Class IA-5 Interest, the Class IA-6 Interest, the Class IA-7 Interest, the Class IA-8 Interest, the Class IA-9 Interest, the Class IA-10 Interest, the Class IA-11 Interest, the Class IA-12 Interest, the Class IA-13 Interest, the Class A-P Component One Interest, the Class A-X Component One Interest, the Class IIA-1 Interest, the Class A-P Component Two Interest, the Class A-X Component Two Interest, the Class EA Interest and the Class SN Interest.
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Related to SUBSIDIARY REGULAR INTERESTS

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

  • 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 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 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 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.