Uncertificated REMIC definition

Uncertificated REMIC. I Regular Interest W Distribution Amount.........37 Uncertificated REMIC I Regular Interest X Distribution Amount.........38 Uncertificated REMIC I Regular Interest Y Distribution Amount.........38
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Uncertificated REMIC. I Regular Interest U...............................................................37 Uncertificated REMIC I Regular Interest V...............................................................37 Uncertificated REMIC I Regular Interest W...............................................................37 Uncertificated REMIC I Regular Interest X...............................................................38 Uncertificated REMIC I Regular Interest Y...............................................................38
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Uncertificated REMIC. 1 Regular Interest LTA-III Distribution Amount: With respect to any Distribution Date, the sum of the amounts deemed to be distributed on the Uncertificated REMIC 1 Regular Interest LTA- III for such Distribution Date pursuant to Section 4.08(a).
Sample 1

Examples of Uncertificated REMIC in a sentence

  • If the REMIC Administrator makes two or more separate REMIC elections, the applicable REMIC shall be terminated on the earlier of the Final Distribution Date and the date on which it is deemed to receive the last deemed distributions on the related Uncertificated REMIC Regular Interests and the last distribution due on the Certificates is made.

  • The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests").

  • The following table irrevocably sets forth the designation, the Uncertificated REMIC I 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 I Regular Interests (as defined herein).

  • The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law.

  • None of the Uncertificated REMIC I Regular Interests will be certificated.


More Definitions of Uncertificated REMIC

Uncertificated REMIC. 2 Regular Interest MTPO-II Distribution Amount: With respect to any Distribution Date, the sum of the amounts deemed to be distributed on the Uncertificated REMIC 2 Regular Interest MTPO-II for such Distribution Date pursuant to Section 4.09(a).
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Uncertificated REMIC. I Regular Interest Y Distribution Amount.............43
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Uncertificated REMIC. 1 Regular Interest LTMB Distribution Amount ..... 37 Uncertificated REMIC 1 Regular Interest LTP Distribution Amount ...... 37 Uncertificated REMIC 1 Regular Interest LTPO Distribution Amount ..... 37 Uncertificated REMIC 1 Regular Interest LTR2 Distribution Amount ..... 37 Uncertificated REMIC 1 Regular Interest Distribution Amounts .........
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Uncertificated REMIC. I Regular Interests Y Principal Balance. . . . . . 31 Uncertificated REMIC I Regular Interests Z Principal Balance. . . . . . 31 Uncertificated REMIC I Regular Interests. . . . . . . . . . . . . . . . 31 Uncertificated REMIC I Regular Interests X Distribution Amount. . . . . 31 Uncertificated REMIC I Regular Interests Y Distribution Amount. . . . . 31 Uncertificated REMIC I Regular Interests Z Distribution Amount. . . . . 31
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Uncertificated REMIC. II A-IO-1 Regular Interests: The 631 uncertificated partial undivided beneficial ownership interests in REMIC III, relating to each Mortgage Loan in Loan Group II, Loan Group III, Loan Group IV and Loan Group V (other than any Discount Mortgage Loans in Loan Group V), each relating to a particular Mortgage Loan identified on the related Mortgage Loan Schedule, each having no principal balance, and each bearing interest at the related Uncertificated Pass-Through Rate on the related Uncertificated Notional Amount.
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Uncertificated REMIC. I Regular Interest A-6 Distribution Amount........................... 43
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Uncertificated REMIC. I Regular Interest G........... 37
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