The Class R-1 Interest definition
The Class R-1 Interest shall represent the sole class of "residual interests" in REMIC 1 for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 1 Regular Interests (as defined herein). None of the REMIC 1 Regular Interests shall be certificated.
The Class R-1 Interest shall represent the sole class of "residual interests" in REMIC 1 for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 1 Regular Interests (as defined herein). None of the REMIC 1 Regular Interests shall be certificated.
REMIC 1 Initial Uncertificated Latest Possible Designation Remittance Rate Balance Maturity Date(1) ----------- --------------- ---------------------- ----------------- LTAA Variable(2) $637,000,000.00 February 25, 2035 LTA Variable(2) $ 4,186,000.00 February 25, 2035 LTM1 Variable(2) $ 305,500.00 February 25, 2035 LTM2 Variable(2) $ 282,750.00 February 25, 2035 LTM3 Variable(2) $ 182,000.00 February 25, 2035 LTM4 Variable(2) $ 172,250.00 February 25, 2035 LTM5 Variable(2) $ 156,000.00 February 25, 2035 LTM6 Variable(2) $ 156,000.00 February 25, 2035 LTM7 Variable(2) $ 139,750.00 February 25, 2035 LTM8 Variable(2) $ 123,500.00 February 25, 2035 LTM9 Variable(2) $ 120,250.00 February 25, 2035 LTM10 Variable(2) $ 110,500.00 February 25, 2035 LTM11 Variable(2) $ 107,250.00 February 25, 2035 LTB1 Variable(2) $ 136,500.00 February 25, 2035 LTB2 Variable(2) $ 113,750.00 February 25, 2035 LTB3 Variable(2) $ 110,500.00 February 25, 2035 LTB4 Variable(2) $ 97,500.00 February 25, 2035 LTZZ Variable(2) $ 6,500,000.00 February 25, 2▇▇▇ ▇▇▇ Variable(2) $ 100.00 February 25, 2035
(1) For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month immediately following the maturity date for the Mortgage Loan with the latest possible maturity date has been designated as the "latest possible maturity date" for each REMIC 1 Regular Interest.
(2) Calculated in accordance with the definition of "Uncertificated REMIC 1 Pass-Through Rate" herein.
The Class R-1 Interest shall represent the sole class of "residual interests" in REMIC 1 for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 1 Regular Interests (as defined herein). None of the REMIC 1 Regular Interests shall be certificated.
(1) For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC 1 Regular Interest.
(2) Calculated in accordance with the definition of "Uncertificated REMIC 1 Pass-Through Rate" herein. REMIC 2 -------
Examples of The Class R-1 Interest in a sentence
The Class R-1 Interest is the residual interest and will not be entitled to any distributions of interest or principal.
The Class R-1 Interest will represent the sole class of "residual interests" in REMIC 1 for purposes of the REMIC Provisions.
The Class R-1 Interest will represent the sole Class of “residual interests” in REMIC 1 for purposes of the REMIC Provisions.
The Class R-1 Interest will represent the single Class of "residual interest" in REMIC 1.
The Class R-1 Interest will represent the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein) under federal income tax law.
The Class R-1 Interest is hereby designated as the sole class of residual interest in the Subsidiary REMIC.
The Class R-1 Interest will represent the single Class of "residual interest" in the Subsidiary REMIC.
The Class R-1 Interest will represent the sole class of “residual interests” in REMIC 1 for purposes of the REMIC Provisions.
The Class R-1 Interest will represent the single Class of “residual interest” in REMIC 1.
The Class R-1 Interest will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein).
More Definitions of The Class R-1 Interest
The Class R-1 Interest shall represent the sole class of "residual interests" in REMIC 1 for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 1 Regular Interests (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Uncertificated REMIC 1 Initial Uncertificated Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date(1) ----------- ----------------- ----------------- ---------------- [I-LT1 Variable(2) $[_______________] [_______________] I-LT1PF Variable(2) $[_______________] [_______________] I-LT2 Variable(2) $[_______________] [_______________] I-LT2PF Variable(2) $[_______________] [_______________] I-LTP] Variable(2) $[_______________] [_______________]
(1) For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC 1 Regular Interest.
(2) Calculated in accordance with the definition of "Uncertificated REMIC 1 Pass-Through Rate" herein.