Common use of REMIC 3 Clause in Contracts

REMIC 3. On each Distribution Date, the timing and amounts of principal distributions and allocations of Realized Losses on each Class of REMIC 3 Regular Interests shall be identical to the timing, amounts and allocations in respect of the corresponding Classes of REMIC 2 Regular Interests pursuant to Section 4.09(d). For these purposes, the Class T3-1 and Class T3-11 Interests correspond to the Class T2-1 Interest, the Class T3-2 and Class T3-12 Interests correspond to the Class T2-2 Interest, the Class T3-3 and Class T3-13 Interests correspond to the Class T2-3 Interest, and the Class T3-4 Interest corresponds to the Class T2-4

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp 2002 Wf1 Trust), Pooling and Servicing Agreement (Asset Backed Funding Corp)

REMIC 3. On each Distribution Date, the timing and amounts of principal distributions and allocations of Realized Losses on each Class of REMIC 3 Regular Interests shall be identical to the timing, amounts and allocations in respect of the corresponding Classes of REMIC 2 Regular Interests pursuant to Section 4.09(d4.08(d). For these purposesthis purpose, the Class T3-1 and Class T3-11 5 Interests correspond to the Class T2-1 Interest, the Class T3-2 and Class T3-12 6 Interests correspond to the Class T2-2 Interest, the Class T3-3 and Class T3-13 7 Interests correspond to the Class T2-3 Interest, and the Class T3-4 Interest corresponds to the Class T2-4

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Painewebber Mortgage Acceptance Corp Iv Series 2000-He-1)