Subsidiary REMIC 2 Sample Clauses

Subsidiary REMIC 2. The Subsidiary REMIC 2 Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: REMIC Interests Initial Balance Pass- Through Rate Corresponding Class of Master REMIC Interest LT–Accrual Interest 1/2 Mortgage Pool balance plus 1/2 Overcollateralization Amount on Closing Date (1) X/X X-0 X/X X/X X/X _______________
Sample 1Sample 2Sample 3See All (13)
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Subsidiary REMIC 2. The Subsidiary REMIC 2 Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: Corresponding REMIC Initial Pass- Class of Master Interests Balance Through Rate REMIC Interest LT-VI-M-1 1/2 Corresponding Master Class balance (1) VI-M-1 LT-VI-M-2 1/2 Corresponding Master Class balance (1) VI-M-2 LT-VI-M-3 1/2 Corresponding Master Class balance (1) VI-M-3 LT–Accrual Interest 1/2 Loan Group IV Mortgage Pool balance plus 1/2 Overcollateralization Amount on Closing Date (1) X/X X-0 X/X X/X X/X _______________
Sample 1See All (7)
Subsidiary REMIC 2. The Subsidiary REMIC 2 Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances and Pass-Through Rates in the manner set forth in the following table: Subsidiary REMIC 2 Interests Initial Balance Pass- Through Rate Corresponding Class in the Master REMIC MT-1-A-1 $425,614,000 5.500% 0-X-0 XX-0-X-0 $282,017,000 4.500% 0-X-0 XX-0-X-0 $166,492,334 4.500% 0-X-0 XX-0-X-0 $ 15,135,666 8.000% 0-X-0, 0-X-0 XX-0-X-0 $41,202,334 5.250% 0-X-0 XX-0-X-0 $20,000,000 5.250% 0-X-0 XX-0-X-0 $266,666 0.00% 0-X-0 XX-0-X-0 $26,900,000 5.250% 0-X-0 XX-0-X-0 $23,000,000 5.250% 0-X-0 XX-0-X-0 $1,000,000 5.250% 0-X-0 XX-0-X-00 $36,000,000 5.250% 3-A-10 MT-3-A-11 $19,252,000 5.250% 3-A-11 MT-3-A-12 $36,000,000 5.250% 3-A-12 MT-3-A-13 $4,000,000 5.250% 3-A-13 MT-4-A-1 $24,625,000 4.500% 0-X-0 XX-0-X-0 $24,625,000 4.750% 0-X-0 XX-0-X-0 $40,233,000 5.250% 0-X-0 XX-0-X-0 $2,012,000 5.250% 0-X-0 XX-0-X-0 $16,058,000 5.500% 0-X-0 XX-0-X-0 $25,020,000 4.750% 0-X-0 XX-0-X-0 $153,219,000 5.500% 8-A-1 MT-15-PO $78,139 0.000% 15-PO MT-30-PO $9,832,796 0.000% 30-PO MT-PP-A-X (1) 5.500% PP-A-X MT-15-A-X (2) 4.750% 15-A-X MT-30-A-X (3) 5.250% 30-A-X MT-3-A-5-Rounding (4) 0.000% 3-A-5-Rounding MT-A-R $100.00 5.500% A-R MT-B-1 $18,540,000 (5) B-1 MT-B-2 $5,704,000 (5) B-2 MT-B-3 $3,565,000 (5) B-3 MT-B-4 $2,139,000 (5) B-4 MT-B-5 $1,426,000 (5) B-5 MT-B-6 $2,140,083 (5) B-6 _______________
Sample 1See All (5)
Subsidiary REMIC 2. The Subsidiary REMIC 2 Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and corresponding classes of Middle REMIC 2 interests in the manner set forth in the following table: REMIC Interests Initial Balance Pass- Through Rate Corresponding Class in Middle REMIC 2 LT-11-M-1 1/4 Corresponding Master Class balance (1) MT 11-M-1 LT-11-M-2 1/4 Corresponding Master Class balance (1) MT 11-M-2 LT-11-M-3 1/4 Corresponding Master Class balance (1) MT 11-M-3 LT-Group A GSA 1% of the Subordinate Group 11A Balance (2) N/A LT-Group A 1/4 Group 11A Mortgage Pool Balance less the LT-Group A GSA initial balance (2) N/A LT-Group B GSA 1% of the Subordinate Group 11B Balance (3) N/A LT-Group B 1/4 Group 11B Mortgage Pool Balance less the LT-Group B GSA initial balance (3) N/A LT–Accrual Interest Loan Group 11 Mortgage Pool balance less the initial balance of each remaining Subsidiary REMIC 2 Regular Interest (1) X/X XX-0 X/X X/X X/X _______________
Sample 1See All (5)
Subsidiary REMIC 2. The Subsidiary REMIC 2 Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: REMIC Interests Initial Balance Pass Through Rate Corresponding Class of Master REMIC Interest LT-III-M-1 1/2 Corresponding REMIC 3 Class balance (1) III-M-1 LT-III-M-2 1/2 Corresponding REMIC 3 Class balance (1) III-M-2 LT–Accrual Interest 1/2 Mortgage Pool balance plus 1/2 Overcollateralization Amount on Closing Date (1) X/X X-0 X/X X/X X/X
Sample 1
Subsidiary REMIC 2. Subsidiary REMIC 2 shall be evidenced by (x) the Class F1, Class F2, Class F3, Class F4, Class F5, Class F6, Class F7, Class F8, Class F9, Class F10, Class F11, Class F12, Class F13, Class F14, Class F15, Class F16, Class F17, Class F18, Class F19, Class F20, Class F21, Class F22, Class F23, Class F24 and Class F25 Interests (the “Group I Subsidiary REMIC 2 Regular Interests”), the Class V1, Class V2, Class V3, Class V4, Class V5, Class V6, Class V7, Class V8, Class V9, Class V10, Class V11, Class V12, Class V13, Class V14, Class V15, Class V16 and Class V17 Interests (the “Group II Subsidiary REMIC 2 Regular Interests”) and the Class PO Interest (together, the “Subsidiary REMIC 2 Regular Interests”), which (i) shall be uncertificated and non-transferable, and (ii) are hereby designated as the “regular interests” in Subsidiary REMIC 2 and (y) the LT2-R Interest, which is hereby designated as the single “residual interest” in Subsidiary REMIC 2 (the Subsidiary REMIC 2 Regular Interests, together with the LT2-R Interest, the “Subsidiary REMIC 2 Interests”). The Subsidiary REMIC 2 Regular Interests shall be recorded on the records of Subsidiary REMIC 2 as being issued to and held by the Trustee on behalf of Subsidiary REMIC 3. The Subsidiary REMIC 2 Interests shall have the following designations, initial principal balances and interest rates: Group I Group II Subsidiary Subsidiary REMIC 2 REMIC 2 Regular Initial Principal Interest Regular Initial Principal Interest Interests Balance Rate Interests Balance Rate F1 (4) (1) V1 (5) (2) F2 $2,196,000 (1) V2 $5,935,000 (2) F3 $4,939,000 (1) V3 $23,910,000 (2) F4 $4,986,000 (1) V4 $18,399,000 (2) F5 $5,013,000 (1) V5 $2,510,000 (2) F6 $5,021,000 (1) V6 $9,968,000 (2) F7 $5,009,000 (1) V7 $3,217,000 (2) F8 $1,006,000 (1) V8 $2,604,000 (2) F9 $2,730,000 (1) V9 $12,757,000 (2) F10 $4,400,000 (1) V10 $3,000,000 (2) F11 $4,100,000 (1) V11 $2,800,000 (2) F12 $3,800,000 (1) V12 $8,200,000 (2) F13 $3,500,000 (1) V13 $2,000,000 (2) F14 $3,200,000 (1) V14 $1,800,000 (2) F15 $3,000,000 (1) V15 $6,000,000 (2) F16 $2,800,000 (1) V16 $1,200,000 (2) F17 $2,600,000 (1) V17 $15,700,000 (2) F18 $2,300,000 (1) F19 $2,200,000 (1) F20 $2,100,000 (1) F21 $1,800,000 (1) F22 $1,800,000 (1) F23 $1,600,000 (1) F24 $1,500,000 (1) F25 $18,400,000 (1) PO (3) (3) LT2-R (6) (6)
Sample 1
Subsidiary REMIC 2. The following table sets forth (or describes) the class designation, interest rate, and initial principal amount for each uncertificated REMIC interest in Subsidiary REMIC 2: Subsidiary REMIC 2 Interest Initial Principal Balance Interest Rate Corresponding Class of Master REMIC Certificates LT2-Grp III (1) 5.750% N/A (10) LT2-III-X (2) (2) III-X LT2-III-PO (3) (4) A-P LT2-Grp IV (5) 6.000% N/A LT2-IV-X (6) (6) IV-X LT2-IV-P (7) (8) IV-P LT2-R (9) (9) N/A
Sample 1
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Related to Subsidiary REMIC 2

  • any Subsidiary of an Unrestricted Subsidiary The Issuer may designate any Subsidiary of the Issuer (including any existing Subsidiary and any newly acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on, any property of, the Issuer or any Subsidiary of the Issuer (other than solely any Subsidiary of the Subsidiary to be so designated); provided that

  • Collateral Fund Permitted Investments The Company shall, at the written direction of the Purchaser, invest the funds in the Collateral Fund in Collateral Fund Permitted Investments. Such direction shall not be changed more frequently than quarterly. In the absence of any direction, the Company shall select such investments in accordance with the definition of Collateral Fund Permitted Investments in its discretion. All income and gain realized from any investment as well as any interest earned on deposits in the Collateral Fund (net of any losses on such investments) and any payments of principal made in respect of any Collateral Fund Permitted Investment shall be deposited in the Collateral Fund upon receipt. All costs and realized losses associated with the purchase and sale of Collateral Fund Permitted Investments shall be borne by the Purchaser and the amount of net realized losses shall be deposited by the Purchaser in the Collateral Fund promptly upon realization. The Company shall periodically (but not more frequently than monthly) distribute to the Purchaser upon request an amount of cash, to the extent cash is available therefore in the Collateral Fund, equal to the amount by which the balance of the Collateral Fund, after giving effect to all other distributions to be made from the Collateral Fund on such date, exceeds the Required Collateral Fund Balance. Any amounts so distributed shall be released from the lien and security interest of this Agreement.

  • Foreign Subsidiaries Subject to the following sentence, in the event that, at any time, Foreign Subsidiaries have, in the aggregate, (i) total revenues constituting 5% or more of the total revenues of Borrower and its Subsidiaries on a consolidated basis, or (ii) total assets constituting 5% or more of the total assets of Borrower and its Subsidiaries on a consolidated basis, promptly (and, in any event, within 30 days after such time) the Borrower shall cause one or more of such Foreign Subsidiaries to become Subsidiary Guarantors and to have their Equity Interests pledged, each in the manner set forth in Section 8.12(a), such that, after such Subsidiaries become Subsidiary Guarantors, the non-guarantor Foreign Subsidiaries in the aggregate shall cease to have revenues or assets, as applicable, that meet the thresholds set forth in clauses (i) and (ii) above. Notwithstanding the foregoing, no Foreign Subsidiary shall be required to become a Subsidiary Guarantor, xxxxx x xxxx on any of its assets in favor of the Lenders, or shall have its Equity Interests pledged to secure the Obligations, to the extent that becoming a Subsidiary Guarantor, granting a lien on any of its assets in favor of the Lenders or providing such pledge would result in adverse tax consequences for Borrower and its Subsidiaries, taken as a whole; provided that, if a Foreign Subsidiary is precluded from becoming a Subsidiary Guarantor or having all of its Equity Interests pledged as a result of such adverse tax consequences, to the extent that such Foreign Subsidiary is a “first tier” Foreign Subsidiary, Borrower shall pledge (or cause to be pledged) 65% of the total number of the Equity Interests of such Foreign Subsidiary to the Lenders to secure the Obligations.

  • Designation of Unrestricted Subsidiaries The Borrower Representative may at any time after the Closing Date designate any Restricted Subsidiary as an Unrestricted Subsidiary and subsequently re-designate any Unrestricted Subsidiary as a Restricted Subsidiary, if other than for purposes of designating a Restricted Subsidiary as an Unrestricted Subsidiary that is a Receivables Subsidiary in connection with the establishment of a Qualified Receivables Financing (i) the Interest Coverage Ratio of UK Holdco and the Restricted Subsidiaries for the most recently ended Reference Period preceding such designation or re-designation, as applicable, would have been, on a Pro Forma Basis, at least the lesser of (x) 2.00 to 1.00 and (y) the Interest Coverage Ratio as of the most recently ended Reference Period and (ii) no Event of Default has occurred and is continuing or would result therefrom. The designation of any Restricted Subsidiary as an Unrestricted Subsidiary after the Closing Date shall constitute an Investment by the applicable Loan Party or Restricted Subsidiary therein at the date of designation in an amount equal to the Fair Market Value of the applicable Loan Party’s or Restricted Subsidiary’s investment therein; provided that if any subsidiary (a “Subject Subsidiary”) being designated as an Unrestricted Subsidiary has a subsidiary that was previously designated as an Unrestricted Subsidiary (the “Previously Designated Unrestricted Subsidiary”) in compliance with the provisions of this Agreement, the Investment of such Subject Subsidiary in such Previously Designated Unrestricted Subsidiary shall not be taken into account, and shall be excluded, in determining whether the Subject Subsidiary may be designated as an Unrestricted Subsidiary hereunder. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute (x) the incurrence at the time of designation of Indebtedness or Liens of such Subsidiary existing at such time, and (y) a return on any Investment by the applicable Loan Party or Restricted Subsidiary in Unrestricted Subsidiaries pursuant to the preceding sentence in an amount equal to the Fair Market Value at the date of such designation of such Loan Party’s or Restricted Subsidiary’s Investment in such Subsidiary. For the avoidance of doubt, neither a Borrower nor UK Holdco shall be permitted to be an Unrestricted Subsidiary. At any time a Subsidiary is designated as an Unrestricted Subsidiary hereunder, the Borrower Representative shall cause such Subsidiary to be designated as an Unrestricted Subsidiary (or any similar applicable term) under the Senior Secured Notes.

  • Ownership Interest, Etc The Servicer shall, at its expense, take all action necessary or reasonably desirable to establish and maintain a valid and enforceable undivided percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim, in favor of the Administrator (on behalf of the Purchasers), including taking such action to perfect, protect or more fully evidence the interest of the Administrator (on behalf of the Purchasers) as the Administrator or any Purchaser Agent may reasonably request. In order to evidence the interests of the Administrator (on behalf of the Purchasers) under this Agreement, the Servicer shall, from time to time take such action, or execute and deliver such instruments as may be necessary (including, without limitation, such actions as are reasonably requested by the Administrator) to maintain and perfect, as a first-priority interest, the Administrator’s security interest in the Receivables, Related Security and Collections. The Servicer shall, from time to time and within the time limits established by law, prepare and present to the Administrator for the Administrator’s authorization and approval, all financing statements, amendments, continuations or initial financing statements in lieu of a continuation statement, or other filings necessary to continue, maintain and perfect the Administrator’s security interest as a first-priority interest. The Administrator’s approval of such filings shall authorize the Servicer to file such financing statements under the UCC without the signature of the Seller, any Originator or the Administrator where allowed by Applicable Law. Notwithstanding anything else in the Transaction Documents to the contrary, the Servicer shall not have any authority to file a termination, partial termination, release, partial release, or any amendment that deletes the name of a debtor or excludes collateral of any such financing statements filed in connection with the Transaction Documents, without the prior written consent of the Administrator.

  • Unrestricted Subsidiaries The Borrower:

  • CONTINUING SECURITY INTEREST; TRANSFER OF LOANS This Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until the Payment in Full of all Secured Obligations, be binding upon each Grantor, its successors and assigns, and inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and its successors, transferees and assigns. Without limiting the generality of the foregoing, but subject to the terms of the Credit Agreement, any Lender may assign or otherwise transfer any Loans held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lenders herein or otherwise. Upon the Payment in Full of all Secured Obligations, the security interest granted hereby shall automatically terminate hereunder without delivery of any instrument or performance of any act by any party and all rights to the Collateral shall revert to the Grantors. Upon any such termination the Collateral Agent shall, at the Grantors’ expense, execute and deliver to the Grantors or otherwise authorize the filing of such documents as the Grantors shall reasonably request, including financing statement amendments to evidence such termination and shall deliver to the applicable Grantor any Collateral of such Grantor held by the Collateral Agent hereunder. Upon any disposition of property permitted by the Credit Agreement, the Liens granted herein shall be deemed to be automatically released and such property shall automatically revert to the applicable Grantor with no further action on the part of any Person. The Collateral Agent shall, at the applicable Grantor’s expense, execute and deliver or otherwise authorize the filing of such documents as such Grantor shall reasonably request, in form and substance reasonably satisfactory to the Collateral Agent, including financing statement amendments to evidence such release and shall deliver to the applicable Grantor any Collateral of such Grantor held by the Collateral Agent hereunder, to the extent applicable.

  • Loans from the General Partner; Loans or Contributions from the Partnership or Group Members (a) The General Partner or any of its Affiliates may lend to any Group Member, and any Group Member may borrow from the General Partner or any of its Affiliates, funds needed or desired by the Group Member for such periods of time and in such amounts as the General Partner may determine; provided, however, that in any such case the lending party may not charge the borrowing party interest at a rate greater than the rate that would be charged the borrowing party or impose terms less favorable to the borrowing party than would be charged or imposed on the borrowing party by unrelated lenders on comparable loans made on an arm’s-length basis (without reference to the lending party’s financial abilities or guarantees), all as determined by the General Partner. The borrowing party shall reimburse the lending party for any costs (other than any additional interest costs) incurred by the lending party in connection with the borrowing of such funds. For purposes of this Section 7.6(a) and Section 7.6(b), the term “Group Member” shall include any Affiliate of a Group Member that is controlled by the Group Member.

  • Restricted Investments Make any Restricted Investment.

  • Ventures, Subsidiaries and Affiliates; Outstanding Stock and Indebtedness Except as set forth in Disclosure Schedule (3.8), as of the Closing Date, no Credit Party has any Subsidiaries, is engaged in any joint venture or partnership with any other Person, or is an Affiliate of any other Person. All of the issued and outstanding Stock of each Credit Party is owned by each of the Stockholders and in the amounts set forth in Disclosure Schedule (3.8). Except as set forth in Disclosure Schedule (3.8), there are no outstanding rights to purchase, options, warrants or similar rights or agreements pursuant to which any Credit Party may be required to issue, sell, repurchase or redeem any of its Stock or other equity securities or any Stock or other equity securities of its Subsidiaries. All outstanding Indebtedness and Guaranteed Indebtedness of each Credit Party as of the Closing Date (except for the Obligations) is described in Section 6.3 (including Disclosure Schedule (6.3)).

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