Common use of CENTRE REMIC Clause in Contracts

CENTRE REMIC. The Centre REMIC will hold The Centre Trust Subordinate Companion Loan and will issue (i) 6 classes of uncertificated Centre Regular Interests (designated as the Class LTC-A, Class LTC-B, Class LTC-C, Class LTC-D, Class LTC-E and Class LTCRR Centre Regular Interests, respectively), each of which will constitute a class of “regular interests” in the Centre REMIC, and (ii) the Centre Residual Interest, which will be the sole class of “residual interests” in the Centre REMIC and will be evidenced by the Class R Certificates. The following table sets forth the per annum rate at which interest will accrue on, and the original Centre Principal Balance of, each Centre Regular Interest: Designation of Centre Regular Interest Interest Rate Original Centre Principal Balance Class LTC-A (1) $ 9,600,000 Class LTC-B (1) $ 8,900,000 Class LTC-C (1) $ 10,400,000 Class LTC-D (1) $ 10,300,000 Class LTC-E (1) $ 25,800,000 Class LTCRR (1) $ 5,000,000