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REMIC II
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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
:
Sample 1
Sample 2
Sample 3
See All (38)
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REMIC II
. On each Distribution Date, all
Realized Losses
on the
REMIC I Interests
for such Distribution Date (or for prior
Distribution Dates
,
to the extent
not
previously
allocated) shall be
allocated to
the
Corresponding
REMIC II Regular Interests
in the
amounts
and in the
manner
as will be allocated to the
REMIC Regular Certificates
relating thereto
pursuant to Section
6.6(f);
provided
, however, that Realized Losses allocated to REMIC II Regular Interests that have
Components
shall be allocated among the Components of such REMIC II Regular Interests sequentially in
alphabetical
and numerical
order
. Realized Losses allocated to the
Class X Certificates
shall
reduce
the amount of
interest payable
on the
REMIC II Regular Interest A-1A
,
REMIC II Regular Interest A-1B
,
REMIC II Regular Interest A-1C
,
REMIC II Regular Interest A-2A
,
REMIC II Regular Interest A-2B
,
REMIC II Regular Interest A-2C
,
REMIC II Regular Interest A-3A
,
REMIC II Regular Interest A-3B
, REMIC II Regular Interest A-
ABA
, REMIC II Regular Interest A-
ABB
,
REMIC II Regular Interest A-4A
,
REMIC II Regular Interest A-4B
,
REMIC II Regular Interest A-4C
, REMIC II Regular Interest A-J,
REMIC II Regular Interest B-1
,
REMIC II Regular Interest B-2
,
REMIC II Regular Interest C-1
,
REMIC II Regular Interest C-2
,
REMIC II Regular Interest D-1
,
REMIC II Regular Interest D-2
,
REMIC II Regular Interest E-1
,
REMIC II Regular Interest E-2
,
REMIC II Regular Interest F
,
REMIC II Regular Interest G-1
,
REMIC II Regular Interest G-2
,
REMIC II Regular Interest H
,
REMIC II Regular Interest J-1
,
REMIC II Regular Interest J-2
,
REMIC II Regular Interest K
,
REMIC II Regular Interest L
,
REMIC II Regular Interest M-1
,
REMIC II Regular Interest M-2
,
REMIC II Regular Interest N
,
REMIC II Regular Interest O
,
REMIC II Regular Interest P
and
REMIC II Regular Interest Q
which
reduction
shall be allocated
pro rata
based on
the product
of the
Certificate Balance
of such REMIC II Regular Interest and the
sum of
the
Class X-1 Strip Rate
and the
Class X-2 Strip Rate
(if any)
applicable to
the
Class of Certificates
relating to
such REMIC II Regular Interest.
Sample 1
Sample 2
Sample 3
See All (38)
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REMIC II
. (a) On each
Distribution Date
, the Paying
Agent shall
be
deemed
to
distribute to
itself
on behalf of
the Trustee
, as
holder
of the
REMIC II Regular Interests
, for the
following
purposes
and in the following
order of priority
:
Sample 1
Sample 2
Sample 3
See All (36)
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REMIC II
. (a) On each
Distribution Date
,
following
any
allocations
of
Trust Advisor Expenses
on such Distribution Date
pursuant to Section
6.11, the
Certificate Administrator
shall be
deemed
to
distribute to
itself
on behalf of
the Trustee
, as
holder
of the
REMIC II Regular Interests
,
amounts
distributable
to any
Class of
Principal Balance Certificates
(other than the
Exchangeable Certificates
) and
the EX
XXXXX III Regular Interests, pursuant to
Section 6.5
, Section 6.10 or
Section 11.1
,
with respect to
such Class’s or
EX XXXXX III Regular Interest
’s
Corresponding REMIC II Regular Interest
.
Sample 1
Sample 2
Sample 3
See All (36)
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REMIC II
. As
provided herein
, the
Tax Administrator
will
elect
to
treat
the
segregated
pool
of
assets
consisting of
the
REMIC I Regular Interests
as a REMIC for
federal income tax purposes
, and such segregated pool of assets will be
designated
as “REMIC II”. The
Class R Certificates
will
evidence
ownership of
(among other
things
) the
sole
class of
“
residual interests
” in REMIC II
for purposes of the
REMIC Provisions
. The
following
table
sets forth
the designation
, the
REMIC II Remittance Rate
and the
initial
Uncertificated Principal Balance
for each of the
REMIC II Regular Interests
(except
in the case
of the
Class X
-Y REMIC II Regular Interest,
with respect to
which the initial
Uncertificated Notional Amount
is
set forth
). The
Latest Possible Maturity Date
for
each REMIC
II Regular Interest is
the date
that is the
Rated Final Distribution Date
. None of the REMIC II Regular Interests will be certificated. Designation REMIC II Remittance Rate Initial Uncertificated Principal Balance or Uncertificated Notional Amount A-
SB
Variable(1) $ 102,144,000 X-Y Variable(1) $ 29,558,534 (2) B Variable(1) $ 68,802,000 C Variable(1) $ 52,066,000 D Variable(1) $ 111,570,000 E Variable(1) $ 31,611,000 F Variable(1) $ 14,876,000 G Variable(1) $ 63,223,793
Sample 1
Sample 2
Sample 3
See All (31)
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REMIC II
. As
provided herein
, the
Tax Administrator
will
elect
to
treat
the
segregated
pool
of
assets
consisting of
the
REMIC I Regular Interests
as a REMIC for
federal income tax purposes
, and such segregated pool of assets will be
designated
as “REMIC II”. The
Class R Certificates
will
evidence
ownership of
(among other
things
) the
sole
class of
“
residual interests
” in REMIC II
for purposes of the
REMIC Provisions
. The
following
table
sets
forth
the designation
, the
REMIC II Remittance Rate
and the
initial
Uncertificated Principal Balance
for each of the
REMIC II Regular Interests
. The
Latest Possible Maturity Date
for
each REMIC
II Regular Interest is the
Rated Final Distribution Date
. None of the REMIC II Regular Interests will be certificated.
Sample 1
Sample 2
Sample 3
See All (26)
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Copy
REMIC II
. On each Distribution Date, all
Realized Losses
on the
REMIC I Interests
for such Distribution Date (or for prior
Distribution Dates
,
to the extent
not
previously
allocated) shall be
allocated to
the
Corresponding
REMIC II Regular Interests
in the
amounts
and in the
manner
as are allocated to the
REMIC III Regular Interests
related
thereto
pursuant to Section
6.6(f). Realized Losses allocated to the
Class X Certificates
shall
reduce
the amount of
interest payable
on the REMIC II Regular Interests, which
reduction
shall be allocated
pro rata
based on
the product
of the
Certificate Balance
of such REMIC II Regular Interest and the Class X Strip Rate
applicable to
the
Class of
REMIC III Regular Interest (other than the Class X Certificates)
relating to
such REMIC II Regular Interest.
Sample 1
Sample 2
Sample 3
See All (19)
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REMIC II
. (a) On each
Distribution Date
, the Paying
Agent shall
be
deemed
to
distribute to
itself
on behalf of
the Trustee
, as
holder
of the
REMIC II Regular Interests
,
amounts
distributable
to any
Class of
Principal Balance Certificates
pursuant to
Section 6.5
or Section 10.1 to its
Corresponding REMIC II Regular Interest
set forth
in the
Preliminary Statement
hereto;
provided that
interest shall be deemed to have been
distributed
pro rata
among two or more Corresponding REMIC II Regular Interests that correspond to
a Class
of Principal Balance Certificates; and provided, further, that
distributions of principal
:
Sample 1
Sample 2
Sample 3
See All (19)
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REMIC II
.
Section 6.4
Reserved
.....................................................
Section 6.5
REMIC III
....................................................
Section 6.6
Allocation of Realized Losses
,
Expense
Losses and Shortfalls Due to Nonrecoverability.........................
Section 6.7
Net Aggregate Prepayment Interest Shortfalls
.................
Section 6.8
Sample 1
Sample 2
Sample 3
See All (15)
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REMIC II
. On each Distribution Date, all
Realized Losses
on the
REMIC I Interests
for such Distribution Date (or for prior
Distribution Dates
,
to the extent
not
previously
allocated) shall be
allocated to
the
Corresponding
REMIC II Regular Interests
in the
amounts
and in the
manner
as will be allocated to the
REMIC Regular Certificates
relating thereto
pursuant to Section
6.6(f). Realized Losses allocated to the
Class X Certificates
shall
reduce
the amount of
interest payable
on the
REMIC II Regular Interest A-1
,
REMIC II Regular Interest A-2A
,
REMIC II Regular Interest A-2B
,
REMIC II Regular Interest A-3A
,
REMIC II Regular Interest A-3B
,
REMIC II Regular Interest B
,
REMIC II Regular Interest C
,
REMIC II Regular Interest D
,
REMIC II Regular Interest E
,
REMIC II Regular Interest F
,
REMIC II Regular Interest G
,
REMIC II Regular Interest H
,
REMIC II Regular Interest J
,
REMIC II Regular Interest K
,
REMIC II Regular Interest L
,
REMIC II Regular Interest M
and
REMIC II Regular Interest N
, which
reduction
shall be allocated
pro rata
based on
the product
of the
Certificate Balance
of such REMIC II Regular Interest and the
sum of
the
Class X-1 Strip Rate
and the
Class X-2 Strip Rate
(if any)
applicable to
the
Class of Certificates
relating to
such REMIC II Regular Interest.
Sample 1
See All (10)
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