REMIC I Interests Sample Clauses

REMIC I Interests. REMIC I shall issue each of the following Classes of Interests in book-entry form, each of which shall be a Class of REMIC I Interests, having the following Certificate Rates and initial Certificate Balances: REMIC Initial Certificate Certificate Corresponding Interest Balance Rate Classes -------- ------- ---- ------- Class AI-1 $631,339,468.90 (1) AII-1, A1 Class AI-2 $647,744,565.69 (2) AII-2, AII-3, AII-4, X0-X, X0-X, X0-X Xxxxx XX-0 $00,000,000.00 (3) N/A (6) Class BI-2 $19,003,291.69 (4) N/A (6) Class MA-1 $650,531.10 (1) N/A (6) Class MA-2 $667,434.31 (2) N/A (6) Class MB-1 $18,541.10 (3) N/A (6) Class MB-2 $19,022.31 (5) N/A (6) Class R1 $100 5.155%(4) N/A (6)
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REMIC I Interests. The REMIC I Interests will have the following designations and pass-through rates, and distributions of principal and interest thereon shall be allocated to the Certificates in the following manner: 116 122 LTF Regular Interests
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REMIC I Interests. REMIC I shall issue each of the following Classes of Interests in book-entry form, each of which shall be a Class of REMIC I Interests, having the following Certificate Rates and initial Certificate Balances:
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REMIC I Interests. REMIC I shall issue each of the following Classes of Interests, each of which shall be a Class of REMIC I Interests, having the following Certificate Rates and initial Certificate Balances: Related Group REMIC Initial Certificate Certificate Rate Corresponding Classes Interest Balance Group 1 Class 1A1-I $319,978,000 (1) 1A1 Group 1 Class 1A2-I $35,995,000 (1) 1A2, IA9 Group 1 Class 1A3-I $13,570,000 (1) 1A3, 1A9 Group 1 Class 1A4-I $50,000,000 (1) 1A4, 1A9 Group 1 Class 1A5-I $29,735,000 (1) 1A5 Group 1 Class 1A6-I $26,615,000 (1) 1A6 Group 1 Class 1A7-I $42,821,000 (1) 1A7 Group 1 Class 1A8-I $22,789,000 (1) 1A8 Group 1 Class 1A10-I $49,565,000 (1) 1A10 Group 1 Class 1A11-I $100,000,000 (1) 1A11 Group 1 Class 1A12-I $582,000 (1) 1A12 Group 2 Class 2A1-I $198,263,000 (2) 2A1 Group 2 Class 2A2-I $5,108,000 (2) 2A2 Group 3 Class 3A1-I $25,013,050 (3) 3A1 All Groups Class BI $23,108,308.73 (4) B1-6 Group 3(5) Class R1 $50 (6) N/A(7)
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REMIC I Interests. REMIC I shall issue each of the following Classes of Interests in book-entry form, each of which shall be a Class of REMIC I Interests, having the following Certificate Rates and initial principal balances:
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REMIC I Interests. REMIC I shall issue each of the following Classes of Interests, each of which shall be a Class of REMIC I Interests, having the following Certificate Rates and initial Certificate Balances: RELATED GROUP REMIC INITIAL CERTIFICATE CERTIFICATE RATE CORRESPONDING CLASSES INTEREST BALANCE Group 1 Class AI-1 $122,170,000 (1) A1, X1 Group 2 Class AI-2 $160,748,050 (2) A2, X2 Group 3 Class AI-3 $28,754,000 (3) A3, X3 All Groups Class BI $11,305,164 (4) B1-6 Group 2(7) Class R1 $50 (5) N/A(6)
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REMIC I Interests. Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class Type of Interest Principal Final Maturity R-1 Certificates Interest Rate (1) Balance Date* ------------------------- ------------ -------------------- -------------------- ------------------------ Class I-A-1-L Regular 6.500% $ 193,536,000.00 August 2016 Class II-A-1-L Regular 6.750% 67,739,000.00 August 2031 Class II-A-2-L Regular 6.750% 82,000,000.00 August 2031 Class II-A-3-L Regular 7.000% 5,000,000.00 August 2031 Class II-A-4-L Regular 7.000% 5,000,000.00 August 2031 Class II-A-5-L Regular 7.000% 1,500,000.00 August 2031 Class II-A-6-L Regular 7.000% 1,500,000.00 August 2031 Class II-A-7-L Regular 7.000% 1,000,000.00 August 2031 Class II-A-8-L Regular 7.000% 1,000,000.00 August 2031 Class II-A-10-L Regular 7.000% 418,900.00 August 2031 Class II-A-11-L Regular 6.750% 134,000,000.00 August 2031 Class II-A-12-L Regular 6.750% 19,010,000.00 August 2031 Class II-A-13-L Regular (2) 571,100.00 August 2031 Class II-A-14-L Regular 6.750% 200,000,000.00 August 2031 Class II-A-15-L Regular 6.750%(3) 17,700,000.00 August 2031 Class II-A-16-L Regular 6.750%(4) 4,252,000.00 August 2031 Class II-A-17-L Regular 6.750% 100,000,000.00 August 2031 Class II-A-18-L Regular 6.750% 20,552,000.00 August 2031 Class II-A-19-L Regular 6.750% 24,130,000.00 August 2031 Class II-A-20-L Regular 6.750% 10,180,000.00 August 2031 Class II-A-21-L Regular 6.750% 20,000,000.00 August 2031 Class II-A-22-L Regular 6.750%(5) 32,250,000.00 August 2031 Class II-A-24-L Regular 6.690% 50,000,000.00 August 2031 Class II-A-25-L Regular 6.750% 93,700,000.00 August 2031 Class II-A-26-L Regular 6.750% 1,100,000.00 August 2031 Class II-A-27-L Regular 6.750% 700,000.00 August 2031 Class II-A-28-L Regular 6.750% 4,500,000.00 August 2031 Class II-A-29-L Regular 7.000% 11,500,000.00 August 2031 Class II-A-30-L Regular (2) 426,000.00 August 2031 Class I-X-L Regular 6.500%(6) ----- August 2016 Class II-X-L Regular 6.750%(6) ----- August 2031 Class I-P-L Regular (2) 1,363,770.00 August 2016 Class II-P-L Regular (2) 3,037,870.00 August 2031 Class I-B-1-L Regular 6.500% 1,385,000.00 August 2016 Class I-B-2-L Regular 6.500% 692,000.00 August 2016 Class I-B-3-L Regular 6.500% 395,000.00 August 2016 Class I-B-4-L Regular 6.500% 197,000.00 August 2016 Class I-B-5-L Regular 6.500% 197,000.00 August 2016 Class I-B-6-L Regular 6.500% 202,547.00 August 2016 Class II-B-1-L Regular 6.750% 15,582,000.00 August 2031 Class II-B-2-L...
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Related to REMIC I Interests

  • REMIC III As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC III”. The Class A-1, Class A-2, Class A-3, Class X-0, Xxxxx X-0, Class A-SB, Class A-S, Class B, Class C, Class D, Class E, Class F and Class G Certificates will evidence ownership of a class of “regular interests” in REMIC III and the Class X-A, Class X-B, Class X-C, Class X-D, Class X-E and Class X-Y Certificates will evidence ownership of seven (7), three (3), one (1), one (1), one (1) and one (1) classes of “regular interests” in REMIC III, respectively, all as described herein. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC III for purposes of the REMIC Provisions. The Latest Possible Maturity Date for each Class of Regular Certificates (other than the Interest Only Certificates) and the REMIC III Components is the date that is the Rated Final Distribution Date. Designations of the REMIC III Components The REMIC III Components of the Class X-A Certificates are hereby irrevocably assigned the alphanumeric designation under the column heading “REMIC III Component of Class X-A Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. The REMIC III Components of the Class X-B Certificates are hereby irrevocably assigned the alphanumeric designations under the column heading “REMIC III Component of Class X-B Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. The REMIC III Component of the Class X-C Certificates is hereby irrevocably assigned the alphanumeric designation under the column heading “REMIC III Component of Class X-C Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. The REMIC III Component of the Class X-D Certificates is hereby irrevocably assigned the alphanumeric designation under the column heading “REMIC III Component of Class X-D Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. The REMIC III Component of the Class X-E Certificates is hereby irrevocably assigned the alphanumeric designation under the column heading “REMIC III Component of Class X-E Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. The REMIC III Component of the Class X-Y Certificates is hereby irrevocably assigned the alphanumeric designation under the column heading “REMIC III Component of Class X-Y Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. Corresponding REMIC II Regular Interests The following table irrevocably sets forth, with respect to each REMIC II Regular Interest (i) the Class of Certificates and (ii) the REMIC III Component of the Class X-A, Class X-B, Class X-C, Class X-D, Class X-E or Class X-Y Certificates, in each case for which such REMIC II Regular Interest constitutes a Corresponding REMIC II Regular Interest: REMIC II Regular Interest Class of Certificates REMIC III Component of Class X-A Certificates REMIC III Component of Class X-B Certificates REMIC III Component of Class X-C Certificates REMIC III Component of Class X-D Certificates REMIC III Component of Class X-E Certificates REMIC III Component of Class X-Y Certificates X-0 X-0 X-0-X-X X/X X/X X/X X/X N/A X-XX A-SB A-SB-X-A N/A N/A N/A N/A N/A B B N/A B-X-B N/A N/A N/A N/A C C N/A C-X-B N/A N/A N/A N/A D D N/A D-X-B N/A X/X X/X X/X X X X/X X/X E-X-C X/X X/X X/X X X X/X X/X X/X F-X-D N/A N/A G G N/A N/A N/A N/A G-X-E N/A X-Y X/X X/X X/X X/X X/X X/X X-Y-X-Y Each of (i) the Cut-off Date Pool Balance, (ii) the initial aggregate Uncertificated Principal Balance of the REMIC I Regular Interests, (iii) the initial aggregate Uncertificated Principal Balance of the REMIC II Regular Interests and (iv) the initial aggregate Class Principal Balance of the respective Classes of Regular Certificates (other than the Interest Only Certificates) will be $1,487,599,793. Class Designations of the Certificates. The following table irrevocably sets forth the Class Designation, Pass-Through Rate and initial Class Principal Balance for each Class of Certificates. Class Designation Pass-Through Rate Initial Class Principal Balance Class A-1 1.4790% per annum $ 57,333,000 Class A-2 2.9760% per annum $ 75,863,000 Class A-3 3.5280% per annum $ 59,936,000 Class A-4 3.4880% per annum $ 360,000,000 Class A-5 3.7520% per annum $ 386,043,000 Class A-SB 3.4640% per annum $ 102,144,000 Class X-A Variable(1) (2) Class X-B Variable(1) (3) Class X-C Variable(1) (4) Class X-D Variable(1) (5) Class X-E Variable(1) (6) Class X-Y Variable(1) (7) Class A-S Variable(1) $ 104,132,000 Class B Variable(1) $ 68,802,000 Class C Variable(1) $ 52,066,000 Class D Variable(1) $ 111,570,000 Class E 3.4550% per annum $ 31,611,000 Class F 3.4550% per annum $ 14,876,000 Class G 3.4550% per annum $ 63,223,793 Class R None None Class V None (8)

  • REMIC II On each Distribution Date, following the deemed distributions with respect to the REMIC II Regular Interests on such Distribution Date pursuant to Section 6.4, any Collateral Support Deficits with respect to the REMIC II Regular Interests on such Distribution Date will be allocated to the respective REMIC II Regular Interests as follows:

  • REMIC The Mortgage Loan is a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code (but determined without regard to the rule in the U.S. Department of Treasury regulations (the “Treasury Regulations”) Section 1.860G-2(f)(2) that treats certain defective mortgage loans as qualified mortgages), and, accordingly, (A) the issue price of the Mortgage Loan to the related Mortgagor at origination did not exceed the non-contingent principal amount of the Mortgage Loan and (B) either: (a) such Mortgage Loan is secured by an interest in real property (including permanently affixed buildings and distinct structural components, such as wiring, plumbing systems and central heating and air-conditioning systems, that are integrated into such buildings, serve such buildings in their passive functions and do not produce or contribute to the production of income other than consideration for the use or occupancy of space, but excluding personal property) having a fair market value (i) at the date the Mortgage Loan (or related Whole Loan) was originated at least equal to 80% of the adjusted issue price of the Mortgage Loan (or related Whole Loan) on such date or (ii) at the Closing Date at least equal to 80% of the adjusted issue price of the Mortgage Loan (or related Whole Loan) on such date, provided that for purposes hereof, the fair market value of the real property interest must first be reduced by (A) the amount of any lien on the real property interest that is senior to the Mortgage Loan and (B) a proportionate amount of any lien that is in parity with the Mortgage Loan; or (b) substantially all of the proceeds of such Mortgage Loan were used to acquire, improve or protect the real property which served as the only security for such Mortgage Loan (other than a recourse feature or other third-party credit enhancement within the meaning of Section 1.860G-2(a)(1)(ii) of the Treasury Regulations). If the Mortgage Loan was “significantly modified” prior to the Closing Date so as to result in a taxable exchange under Section 1001 of the Code, it either (x) was modified as a result of the default or reasonably foreseeable default of such Mortgage Loan or (y) satisfies the provisions of either sub-clause (B)(a)(i) above (substituting the date of the last such modification for the date the Mortgage Loan was originated) or sub-clause (B)(a)(ii), including the proviso thereto. Any prepayment premium and yield maintenance charges applicable to the Mortgage Loan constitute “customary prepayment penalties” within the meaning of Section 1.860G-1(b)(2) of the Treasury Regulations. All terms used in this paragraph shall have the same meanings as set forth in the related Treasury Regulations.

  • Distributions on the REMIC Regular Interests (a) On each Distribution Date, the Trustee shall cause in the following order of priority, the following amounts to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be:

  • REMIC I On each Distribution Date, except as provided in subsection (b) below,

  • Upper Tier REMIC REMIC 4.

  • Varying Interests All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Members as of the last calendar day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Member's Sharing Ratio, the Members agree that their allocable shares of such items for the taxable year shall be determined on any method determined by the Management Committee to be permissible under Code Section 706 and the related Treasury Regulations to take account of the Members' varying Sharing Ratios.

  • Ownership Interests The Borrower owns no interest in any Person other than the Persons listed in Schedule 8.4 hereto and additional Subsidiaries created or acquired after the Closing Date in compliance with Section 9.21 hereof.

  • REMIC Matters The Preliminary Statement sets forth the designations and "latest possible maturity date" for federal income tax purposes of all interests created hereby. The "

  • Partnership Interests Except as may otherwise be provided herein, each Partner’s percentage interest in the assets, profits, and distributions of the Partnership (“Partnership Interest”) shall be as set forth in Exhibit B attached hereto and incorporated herein by reference.

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