Regular Interests Sample Clauses

Regular Interests. Pooling Tier REMIC-1 shall hold as assets the assets of the Trust Fund (exclusive of (i) the Prepayment Premiums, (ii) the Interest Rate Swap Agreement and the Cap Agreements, (iii) the Swap Account, (iv) the Excess Reserve Fund Account, and (v) the right of the LIBOR Certificates to receive Upper Tier Carry Forward Amounts and, without duplication, Basis Risk Carry Forward Amounts and the obligation to pay Class IO Shortfalls). For federal income tax purposes, the Class P Certificates represent beneficial ownership of the Prepayment Charges, each Class of LIBOR Certificates represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Upper-Tier Carry Forward Amounts and, without duplication, Basis Risk Carry Forward Amounts, and the Class X Certificates represent beneficial ownership of two regular interests in the Upper Tier REMIC and the right to receive payments from the Class IO Shortfalls, the Excess Reserve Fund Account, the Swap Account, the Interest Rate Swap Agreement and the Cap Agreements, which portions of the Trust Fund shall be treated as a grantor trust. Pooling Tier REMIC-1 Pooling Tier REMIC-1 shall issue the following interests in Pooling Tier REMIC-1, and each such interest, other than the Class PT1-R Interest, is hereby designated as a regular interest in the Pooling Tier REMIC-1. Pooling Tier REMIC-1 Interests with an "I" in their designation shall relate to the Group I Mortgage Loans and Pooling Tier REMIC-1 Interests with a "II" in their designation shall relate to the Group II Mortgage Loans. Pooling Tier REMIC-1 shall also issue the Class PT1-R Interest, which shall be represented by the Class R Certificates. The Class PT1-R Interest is hereby designated as the sole class of residual interest in Pooling Tier REMIC-1. Initial Pooling Pooling Tier Tier Pooling Tier REMIC-1 REMIC-1 Interest REMIC-1 Interest Rate Principal Amount -------------------------------------------------------------- Class PT1-I-1 (1) $ - Class PT1-I-2A (2) $ 2,190,604.44 Class PT1-I-2B (3) $ 2,190,604.44 Class PT1-I-3A (2) $ 2,297,507.15 Class PT1-I-3B (3) $ 2,297,507.15 Class PT1-I-4A (2) $ 2,087,307.30 Class PT1-I-4B (3) $ 2,087,307.30 Class PT1-I-5A (2) $ 2,064,266.86 Class PT1-I-5B (3) $ 2,064,266.86 Class PT1-I-6A (2) $ 2,041,909.62 Class PT1-I-6B (3) $ 2,041,909.62 Class PT1-I-7A (2) $ 2,036,416.31 Class PT1-I-7B (3) $ 2,036,416.31 Class PT1-I-8A (2) $ 1,998,361.07 Class PT1-I-8B (3) $ 1,998,361.07 Class PT1-I-9...
Regular Interests. Pooling-Tier REMIC-1 shall hold as assets the assets of the Trust Fund (exclusive of (i) the Prepayment Premiums, (ii) the Swap Assets and the Interest Rate Cap Agreement, (iii) the Excess Reserve Fund Account, and (iv) the right of the LIBOR Certificates to receive Basis Risk CarryForward Amounts and, without duplication, Upper-Tier CarryForward Amounts and the obligation to pay Class IO Shortfalls). For federal income tax purposes, each Class of LIBOR Certificates represents a beneficial ownership of a regular interest in the Upper-Tier REMIC, the right to receive Basis Risk CarryForward Amounts and without duplication, Upper-Tier CarryForward Amounts, and the obligation to pay Class IO Shortfalls; the Class X Certificates represent beneficial ownership of the Class X Interest, the Class IO Interest, the Interest Rate Swap Agreement, the Swap Account, the Interest Rate Cap Agreement, the Excess Reserve Fund Account and the right to receive Class IO Shortfalls, subject to the obligation to pay Basis Risk CarryForward Amounts and, without duplication, Upper-Tier CarryForward Amounts; and the Class P Certificates represent beneficial ownership of the Prepayment Premiums, which portions of the Trust Fund shall be treated as a grantor trust under subpart E, Part I of subchapter J of the Code (the "Grantor Trust").
Regular Interests. Pooling-Tier REMIC-1 shall hold as assets the assets of the Trust Fund (exclusive of (i) the Prepayment Premiums, (ii) the Interest Rate Swap Agreement, (iii) the Supplemental Interest Trust, (iv) the Excess Reserve Fund Account and (v) the right of the LIBOR Certificates to receive Basis Risk Carry Forward Amounts and, without duplication, Upper-Tier Carry Forward Amounts and the obligation to pay Class IO Shortfalls). Each such Lower Tier Regular Interest is hereby designated as a regular interest in the Lower Tier REMIC. The Class LT-A-1, Class LT-A-2A, Class LT-A-2B, Class LT-A-2C, Class LT-A-2D, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-M-4, Class LT-M-5, Class LT-M-6, Class LT-M-7, Class LT-M-8, Class LT-M-9, Class LT-B-1 and Class LT-B-2 Interests are hereby designated the LT-Accretion Directed Classes (the "LT-Accretion Directed Classes").
Regular Interests. Pooling-Tier REMIC-1 shall hold as assets the assets of the Trust Fund (exclusive of (i) the Prepayment Premiums, (ii) the Swap Assets, (iii) the Excess Reserve Fund Account, and (iv) the right of the LIBOR Certificates to receive Upper-Tier CarryForward Amounts including, but without duplication, Basis Risk CarryForward Amounts and the obligation to pay Class IO Shortfalls). For federal income tax purposes, each Class of LIBOR Certificates represents a beneficial ownership of a regular interest in the Upper-Tier REMIC, the right to receive Upper-Tier CarryForward Amounts (including, but without duplication, Basis Risk CarryForward Amounts), and the obligation to pay Class IO Shortfalls, the Class X Certificates represent beneficial ownership of the Class X Interest, the Class IO Interest, the Interest Rate Swap Agreement, the Swap Account, the Excess Reserve Fund Account and the right to receive Class IO Shortfalls, and the Class P Certificates represent beneficial ownership of the Prepayment Premiums, which portions of the Trust Fund shall be treated as a grantor trust. Pooling-Tier REMIC-1 Pooling-Tier REMIC-1 shall issue the following interests in Pooling-Tier REMIC-1, and each such interest, other than the Class PT1-R Interest is hereby designated as a regular interest in the Pooling-Tier REMIC-1. Pooling-Tier REMIC-1 shall also issue the Class PT1-R Interest, which is hereby designated as the sole class of residual interest in Pooling-Tier REMIC-1. The Class PT1-R Interest shall be represented by the Class R Certificates, shall not have a principal balance and shall have no interest rate. Initial Pooling-Tier Pooling-Tier REMIC-1 Pooling-Tier REMIC-1 REMIC-1 Principal Interest Interest Rate Amount ---------------------------------------------------------------- Class PT1-1 (1) $58,641,729.50 Class PT1-2A (2) $32,946,207.90 Class PT1-2B (3) $32,946,207.90 Class PT1-3A (2) $21,622,806.60 Class PT1-3B (3) $21,622,806.60 Class PT1-4A (2) $21,303,249.85 Class PT1-4B (3) $21,303,249.85 Class PT1-5A (2) $20,097,826.60 Class PT1-5B (3) $20,097,826.60 Class PT1-6A (2) $19,400,293.65 Class PT1-6B (3) $19,400,293.65 Class PT1-7A (2) $18,735,235.55 Class PT1-7B (3) $18,735,235.55 Class PT1-8A (2) $18,100,241.30 Class PT1-8B (3) $18,100,241.30 Class PT1-9A (2) $17,492,995.25 Class PT1-9B (3) $17,492,995.25 Class PT1-10A (2) $16,911,280.30 Class PT1-10B (3) $16,911,280.30 Class PT1-11A (2) $16,352,926.45 Class PT1-11B (3) $16,352,926.45 Class PT1-12A (2) $15,815,4...
Regular Interests. REMIC 1 Regular Interest LTI-1, LTI-PF, LTI-P, LTI-S1, LTI-S2 and LTI-R.
Regular Interests. Pooling Tier REMIC-1 shall hold as assets the assets of the Trust Fund (exclusive of (i) the Prepayment Premiums, (ii) the Interest Rate Swap Agreement and the Cap Agreement, (iii) the Supplemental Interest Account, (iv) the Excess Reserve Fund Account and (v) the right of the LIBOR Certificates to receive Basis Risk Carry Forward Amounts and, without duplication, Upper Tier Carry Forward Amounts, subject to the obligation to pay Class IO Shortfalls). For federal income tax purposes, the Class P Certificates represent beneficial ownership of the Prepayment Charges, each Class of LIBOR Certificates represents beneficial ownership of a regular interest in the Upper Tier REMIC and the right to receive Basis Risk Carry Forward Amounts and, without duplication, Upper Tier Carry Forward Amounts, subject to the obligation to pay Class IO Shortfalls, and the Class X Certificates represent beneficial ownership of two regular interests in the Upper Tier REMIC, the Excess Reserve Fund Account, the Supplemental Interest Account, the Interest Rate Swap Agreement, the Cap Agreement and the right to receive Class IO Shortfalls, which portions of the Trust Fund shall be treated as a grantor trust. Pooling Tier REMIC-1 Pooling Tier REMIC-1 shall issue the following interests in Pooling Tier REMIC-1, and each such interest, other than the Class PT1-R Interest, is hereby designated as a regular interest in the Pooling Tier REMIC-1. Pooling Tier REMIC-1 Interests with an "I" in their designation shall relate to Group I Mortgage Loans and Pooling Tier REMIC-1 Interests with a "II" in their designation shall relate to the Group II Mortgage Loans. Pooling Tier REMIC-1 shall also issue the Class R-I Certificates. The Class PT1-R Interest is hereby designated as the sole class of residual interest in Pooling Tier REMIC-1. Initial Pooling Pooling Tier Tier Pooling Tier REMIC-1 REMIC-1 Interest REMIC-1 Interest Rate Principal Amount ---------------------- ------------------ --------------------- Class PT1-I-1 (1) $18,710,274.14 Class PT1-I-2A (2) $2,979,421.21 Class PT1-I-2B (3) $2,979,421.21 Class PT1-I-3A (2) $5,632,904.99 Class PT1-I-3B (3) $5,632,904.99 Class PT1-I-4A (2) $5,777,790.30 Class PT1-I-4B (3) $5,777,790.30 Class PT1-I-5A (2) $5,904,077.77 Class PT1-I-5B (3) $5,904,077.77 Class PT1-I-6A (2) $6,011,288.11 Class PT1-I-6B (3) $6,011,288.11 Class PT1-I-7A (2) $6,099,047.73 Class PT1-I-7B (3) $6,099,047.73 Class PT1-I-8A (2) $6,230,429.56 Class PT1-I-8B (3) $6,230,429.56 C...
Regular Interests. Pooling-Tier REMIC-1 shall hold as assets the assets of the Trust Fund (exclusive of (i) the Prepayment Penalties, the Servicer Prepayment Penalty Payment Amounts and the Originator Prepayment Penalty Payment Amounts, (ii) the Interest Rate Swap Agreement, (iii) the Supplemental Interest Trust, (iv) the Excess Reserve Fund Account, and (v) the right of the Regular Certificates to receive Cap Carryover Amounts and the obligation of the Regular Certificates to pay Class IO Shortfalls). For federal income tax purposes, each Class of Regular Certificates, the Class CE Certificates and the Class P Certificates represent beneficial ownership of portions of the Trust Fund which shall be treated as a grantor trust in accordance with Section 9.05.
Regular Interests. Pooling-Tier REMIC-1 shall hold as assets the assets of the Trust Fund (exclusive of (i) the Prepayment Premiums, (ii) the Interest Rate Swap Agreement, (iii) the Supplemental Interest Trust, (iv) the Excess Reserve Fund Account and (v) the right of the LIBOR Certificates to receive Upper-Tier Carry Forward Amounts and, without duplication, Basis Risk Carry Forward Amounts and the obligation to pay Class IO Shortfalls). Each such Lower Tier Regular Interest is hereby designated as a regular interest in the Lower Tier REMIC. The Class LT-A-1, Class LT-A-2A, Class LT-A-2B, Class LT-A-2C, Class LT-A-2D, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-M-4, Class LT-M-5, Class LT-M-6, Class LT-M-7, Class LT-M-8, Class LT-B-1, Class LT-B-2 and Class LT-B-3 Interests are hereby designated the LT-Accretion Directed Classes (the "LT-Accretion Directed Classes"). The Class B-1 REMIC shall hold as an asset the Class B-1 Interest issued by the Upper-Tier REMIC, the Class B-1 Certificates shall represent ownership of the regular interest issued by the Class B-1 REMIC and the Class B1-R Interest shall represent the sole class residual interest in the Class B-1 REMIC. The Class B-2 REMIC shall hold as an asset the Class B-2 Interest issued by the Upper-Tier REMIC, the Class B-2 Certificates shall represent ownership of the regular interest issued by the Class B-2 REMIC and the Class B2-R Interest shall represent the sole class residual interest in the Class B-2 REMIC. The Class B-3 REMIC shall hold as an asset the Class B-3 Interest issued by the Upper-Tier REMIC, the Class B-3 Certificates shall represent ownership of the regular interest issued by the Class B-3 REMIC and the Class B3-R Interest shall represent the sole class residual interest in the Class B-3 REMIC.
Regular Interests. 46 REMIC.........................................................................................46
Regular Interests. REMIC II Initial Uncertificated Designation Remittance Rate Principal Balance ----------- --------------- ----------------- -------------------------------------------------------------------------------- A-1 7.1748% $203,500,000 -------------------------------------------------------------------------------- A-2 7.1748% 547,759,000 -------------------------------------------------------------------------------- B 7.1748% 52,906,000 -------------------------------------------------------------------------------- C 7.1748% 52,905,000 -------------------------------------------------------------------------------- D 7.1748% 58,196,000 -------------------------------------------------------------------------------- E 7.1748% 21,163,000 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REMIC II Initial Uncertificated Designation Remittance Rate Principal Balance ----------- --------------- ----------------- -------------------------------------------------------------------------------- F 7.1748% 23,807,000 -------------------------------------------------------------------------------- G 7.1748% 18,517,000 -------------------------------------------------------------------------------- H 7.1748% 10,581,000 -------------------------------------------------------------------------------- J 7.1748% 21,162,000 -------------------------------------------------------------------------------- K 7.1748% 10,582,000 -------------------------------------------------------------------------------- L 7.1748% 15,871,000 -------------------------------------------------------------------------------- M 7.1748% 10,581,000 -------------------------------------------------------------------------------- N 7.1748% 10,581,956 -------------------------------------------------------------------------------- REMIC III As provided herein, the Trustee will make the election described in Section 12.1 for the segregated pool of assets hereof consisting of the REMIC II Regular Interests to be treated for federal income tax purposes as a separate REMIC (such particular pool of assets, "REMIC III"). The REMIC III Regular Certificates (and, in the case of the Class N Certificates, the Class N REMIC Interest represented by the Class N Certificates) will be designated as representing the "regular interests" in REMIC III and the Class R-III Certificates will be designated as represe...