The Lower Tier REMIC. The beneficial ownership interest of the Lower Tier REMIC shall be evidenced by the interests having the designations, original Class Balances, Interest Rates and Final Distribution Dates set forth on the Lower Tier Schedule. The Lower Tier Regular Interests shall be issued as non-certificated interests and recorded on the records of the Lower Tier REMIC as being issued to and held by Xxxxxx Mae in its capacity as Trustee of the Trust Fund. The RL Class Certificate shall be issued as a single fully registered certificate substantially in the form of Exhibit B-2 hereto. The RL Class Certificate may be transferred and is otherwise subject to the provisions of Article V hereof. The aggregate amount of principal and interest distributable in respect of the Lower Tier Regular Interests during any calendar month shall equal the Lower Tier Distribution Amount for such calendar month. On each Distribution Date, the portion of the Lower Tier Distribution Amount distributable thereon shall be applied first to the distribution of interest accrued on each applicable Class of Lower Tier Regular Interests during the preceding Interest Accrual Period at the per annum rate specified on the Lower Tier Schedule and second to the principal thereof as described below. All computations of interest accrued on the Lower Tier Regular Interests shall be made as if each year consisted of 12 months of 30 days each. On each Distribution Date, the Lower Tier Principal Distribution Amount shall be applied as principal of particular Lower Tier Regular Interests in amounts corresponding to the respective amounts required to be applied as principal of their related Companion Classes from the Principal Distribution Amount as provided herein. Distributions on the Lower Tier Regular Interests shall be made to the Trustee of the Trust Fund by transfer of immediately available funds to the Certificate Account. No distribution will be made on the RL Class Certificate, except that any distribution of the proceeds of the final remaining assets of the Lower Tier REMIC shall be distributed to the Holder thereof upon presentation and surrender of the RL Class Certificate at the Corporate Trust Office or such other office or address as may be specified in the notice of such final distribution from Xxxxxx Xxx. Xxxxxx Xxx hereby initially appoints US Bank at its corporate trust office as Paying Agent for the purpose of making distributions on the RL Class Certificate as provided herein. Xxxxxx Xxx will...
The Lower Tier REMIC. The beneficial ownership interest of the Lower Tier REMIC shall be evidenced by the interests having the characteristics and terms as follows: Class Designation Companion Original Interest Final Distribution Date Classes Principal Balance Rate (Group 1) Lower Tier Interest 1 PA $5,180,000.00 5.0% January 2011 Lower Tier Interest 2 F/S/SA $86,679,000.00 9.0% May 2027 Lower Tier Interest 3 PB/PH $42,562,000.00 7.5% March 2018 Lower Tier Interest 4 PC/PH $41,341,000.00 7.5% March 2022 Lower Tier Interest 5 PD/PE/PG/PH $85,336,000.00 7.5% May 2027 Lower Tier Interest 6 E $6,231,000.00 (1) May 2027 Lower Tier Interest 7 FB/SB $25,596,000.00 9.0% May 2027 Lower Tier Interest 8 Z $7,075,000.00 8.0% May 2027 (Group 2) Lower Tier Interest 9 G/H/J/K/LL/ZA $200,000,000.00 7.5% April 2027 (Group 3) Lower Tier Interest 10 A/B/C $150,000,000.00 7.0% May 2027 (Group 4) Lower Tier Interest 11 D/FA $72,227,460.00 (2) May 2027 Class 28-RL (3) (3) May 2027
The Lower Tier REMIC. The beneficial ownership interest of the Lower Tier REMIC shall be evidenced by the interests having the characteristics and terms as follows: Class Designation Companion Classes Original Principal Balance Interest Rate Final Distribution Date (Group 1) Lower Tier Interest 1 A/B/C/D $282,000,000.00 6.5% January 2004 Lower Tier Interest 2 F/S $141,000,000.00 8.0% January 2004 (Group 2) Lower Tier Interest 3 PA/SA $ 9,276,691.00 (1) August 2023 Class 72-RL Certificate (2) (2) August 2023
The Lower Tier REMIC. The beneficial ownership interest of the Lower Tier REMIC shall be evidenced by the interests having the characteristics and terms as follows: Class Designation Companion Classes Original Interest Rate Final Distribution Date Principal Balance Lower Tier Interest 1 F,S $180,000,000.00 9.500% May 0000 Xxxxx Xxxx Xxxxxxxx 0 X,X $241,935,000.00 7.000% May 0000 Xxxxx Xxxx Xxxxxxxx 0 XX,XX $28,065,000.00 9.000% May 0000 Xxxxx Xxxx Xxxxxxxx 0 XX,XX,XX,XX $68,965,517.00 9.500% May 0000 Xxxxx Xxxx Xxxxxxxx 0 XX,XX,X,X,X,X,XX $324,834,483.00 6.600% May 2027 Lower Tier Interest 6 D $90,624,000.00 6.875% November 0000 Xxxxx Xxxx Xxxxxxxx 0 X $15,576,000.00 5.000% November 0000 Xxxxx Xxxx Xxxxxxxx 0 XX,X,X $107,870,000.00 6.000% May 0000 Xxxxx Xxxx Xxxxxxxx 0 XX,XX,XX $142,130,000.00 6.000% May 0000 Xxxxx Xxxx Xxxxxxxx 00 XX,X,X,X,X,X $100,000,000.00 0.000% April 0000 Xxxxx Xxxx Xxxxxxxx 00 XX,XX,XX,XX,XX,XX,XX $300,000,000.00 7.000% April 0000 Xxxxx Xxxx Xxxxxxxx 00 XX,XX,XX $35,135,704 6.500% December 2023 Class RL Certificate (1) (1) May 2027
The Lower Tier REMIC. The beneficial ownership interest of the Lower Tier REMIC shall be evidenced by the interests having the characteristics and terms as follows: Class Designation Companion Classes and Components Original Principal Balance Interest Rate Final Distribution Date (Group 1) Lower Tier Interest 1 PA/FA1/SA/SD $86,817,980.00 7.50% August 2015 Lower Tier Interest 2 PB $219,403,615.00 7.50% March 2027 Lower Tier Interest 3 E $18,091,577.00 (17) March 2027 Lower Tier Interest 4 FA2/SC/VH/SB $122,686,828.00 8.50% March 2027 Lower Tier Interest 5 ZA $13,000,000.00 8.50% March 2027 (Group 2) Lower Tier Interest 6 PL/FM1/PC/FB1/FC1/ FD1/SH/SP/SN/SK/VQ $234,296,295.00 7.50% April 2015 Lower Tier Interest 7 PD $634,950,255.00 7.50% March 2027 Lower Tier Interest 8 EB $51,265,112.00 (17) March 0000 Xxxxx Xxxx Xxxxxxxx 0 XX0/XX0/ XX0/XX0/ XX/XX/XX/ XX $345,488,338.00 8.50% March 2027 Lower Tier Interest 10 ZB $39,000,000.00 8.50% March 2027 (Group 3) Lower Tier Interest 11 SQ $17,676.50 (1) April 2022 Lower Tier Interest 12 VG $19,676.50 (2) April 2022 Lower Tier Interest 13 SY $76,785.00 (3) April 2022 Lower Tier Interest 14 ST $62,386.00 (4) April 2022 Lower Tier Xxxxxxxx 00 XX/XX/XX/ XX (5) (6) April 2022 (Group 4) Lower Tier Interest 16 SU/SV (7) (7) January 2024 (Group 5) Lower Tier Interest 17 SW/SX (8) (8) February 2024 (Group 6) Lower Tier Interest 18 PF/PS $64,855,000.00 8.00% November 2016 Class Designation Companion Classes and Components Original Principal Balance Interest Rate Final Distribution Date Lower Tier Interest 19 PG/PJ $80,000,000.00 8.00% March 2027 Lower Tier Interest 20 PG/PI $61,270,000.00 8.00% March 2027 Lower Tier Interest 21 EC $7,875,000.00 (17) March 2027 Lower Tier Interest 22 FE/FG/FH/ FK/VE $106,000,000.00 8.50% June 2026 Lower Tier Interest 23 ZC/ZD $20,000,000.00 8.50% March 2027 (Group 7) Lower Tier Interest 24 PH/PT $102,054,732.00 7.50% March 2027 Lower Tier Interest 25 PK/PM/PV $113,526,000.0 7.50% December 2020 Lower Tier Interest 26 PN/PW $52,609,610.00 7.50% November 2025 Lower Tier Interest 27 PR/PW $67,047,585.00 7.50% November 2025 Lower Tier Interest 28 A/AI $65,069,780.00 7.50% March 2027 Lower Tier Interest 29 ED1 $15,257,917.00 (17) March 2027 Lower Tier Interest 30 ZE $19,390,244.00 8.50% March 2027 Lower Tier Interest 31 ZG $6,463,415.00 8.50% March 2027 Lower Tier Interest 32 FL/VM/ED2 $88,580,717.00 7.50% March 2027 (Group 8) Lower Tier Interest 33 B $4,900,000.00 9.50% May 2005 Lower Tier Interest 34 CF/CS $59,760,000....
The Lower Tier REMIC. The beneficial ownership interest of the Lower Tier REMIC shall be evidenced by the interests having the characteristics and terms as follows: Class Designation Companion Classes Original Class Balance Interest Rate Final Distribution Date Lower Tier Interest 0 X,X $10,880,000 (1) November 0000 Xxxxx Xxxx Xxxxxxxx 0 X,X 37,076,000 (1) November 0000 Xxxxx Xxxx Xxxxxxxx 0 X,X 112,868,000 (1) November 2036 Lower Tier Interest 4 V 23,300,000 (1) December 0000 Xxxxx Xxxx Xxxxxxxx 0 X, X 19,959,000 (1) November 0000 Xxxxx Xxxx Xxxxxxxx 0 XX, X 12,525,590 (1) November 2036 Class 4-RL Certificate (2) (2) November 2036
The Lower Tier REMIC. The beneficial ownership interest of the Lower Tier REMIC shall be evidenced by the interests having the characteristics and terms as follows: Class Designation Companion Classes Original Principal Balance Interest Rate Final Distribution Date Group (1) Lower Tier A/G/H/J/K/L/ $400,000,000.00 7.000% Interest 1 D/AB/AC/B/CA/ CB/E/Z (Group 2) Lower Tier PA/PD/PE/PG/ 104,282,000.00 7.000% Interest 2 M Lower Tier PB/PC/PH 53,451,000.00 7.000% Interest 3 Lower Tier FA/SA/AP 42,267,000.00 7.000% Interest 4 Group 3 Lower Tier QA/QB/QC/QD/ 150,000,000.00 6.500% Interest 5 QE/QG/N/Q (Group 4) Lower Tier TA 54,767,000.00 8.000% Interest 6 Lower Tier T/TH 28,475,000.0 8.00% Interest 7 Lower Tier FB/SB 16,758,000.0 8.000% Interest 8 Class 13-RL (1) December Certificate 2026
The Lower Tier REMIC. The Lower Tier Interests shall have the class designations, initial principal amounts, interest rates and corresponding Pool, Subgroup or Class of Certificates as set forth in the following table: Class Designation Initial Principal Amount Certificate Interest Rate Corresponding Subgroup, Pool or Class of Certificates LT1-SG1-A (0.9% of SP Subgroup 1-1) (1) (4) 1-1 LT1-SG1-B (0.1% of SP Subgroup 1-1) (1) (4) 1-1 LT1-SG1-C (Excess of Subgroup 1-1) (1) (4) 1-1 LT1-SG2-A (0.9% of SP Subgroup 1-2) (1) 6.00% 1-2 LT1-SG2-B (0.1% of SP Subgroup 1-2) (1) 6.00% 1-2 LT1-SG3-A (0.9% of SP Subgroup 1-3) (1) 6.50% 1-3 LT1-SG3-B (0.1% of SP Subgroup 1-3) (1) 6.50% 1-3 LT1-SG3-C (Excess of Subgroup 1-3) (1) 6.50% 1-3 LT1-SG4-A (0.9% of SP Subgroup 1-4) (1) (4) 1-4 LT1-SG4-B (0.1% of SP Subgroup 1-4) (1) (4) 1-4 LT1-SG4-C (Excess of Subgroup 1-4) (1) (4) 1-4 LT1-SG5-A (0.9% of SP Subgroup 2-1) (1) (4) 2-1 LT1-SG5-B (0.1% of SP Subgroup 2-1) (1) (4) 2-1 LT1-SG5-C (Excess of Subgroup 2-1) (1) (4) 2-1 LT1-SG6-A (0.9% of SP Subgroup 2-2) (1) 5.50% 2-2 LT1-SG6-B (0.1% of SP Subgroup 2-2) (1) 5.50% 2-2 LT1-SG6-C (Excess of Subgroup 2-2) (1) 5.50% 2-2 LT1-SG7-A (0.9% of SP Subgroup 2-3) (1) 6.00% 2-3 LT1-SG7-B (0.1% of SP Subgroup 2-3) (1) 6.00% 2-3 LT1-SG7-C (Excess of Subgroup 2-3) (1) 6.00% 2-3 LT1-SG8-A (0.9% of SP Subgroup 2-4) (1) (4) 2-4 LT1-SG8-B (0.1% of SP Subgroup 2-4) (1) (4) 2-4 LT1-SG8-C (Excess of Subgroup 2-4) (1) (4) 2-4 LT1-A-P (3) (4) A-P LT1-A-3 (0.9% of SP Group 3) (1) (4) 3 LT1-B-3 (0.1% of SP Group 3) (1) (4) 3 LT1-C-3 (Excess of Group 3) (1) (4) 3 LT-A-X (2) (4) A-X LT-R (5) (5) N/A _______________
The Lower Tier REMIC. The Lower Tier REMIC Regular Interests will have the principal balances and pass-through rates as set forth in the following table: Lower Tier REMIC Interests Initial Principal Balance Pass-Through Rate LT-1 (1) (2) LT-2 (3) (4) R-1 (5) (5)
The Lower Tier REMIC. The following table specifies the Class designation, interest rate, and initial Class Principal Amount for each Class of Lower-Tier Interests: Lower Tier Class Lower Tier Initial Class Corresponding Class of Designation Interest Rate Principal Amount Certificate(s) Class LT-1 (1 ) $ 22,038,565.27 A, X-1, X-2 Class LT-2 (1 ) $ 21,261,540.84 A, X-1, X-2 Class LT-3 (1 ) $ 20,511,819.28 A, X-1, X-2 Class LT-4 (1 ) $ 19,788,534.29 A, X-1, X-2 Class LT-5 (1 ) $ 19,090,753.68 A, X-1, X-2 Class LT-6 (1 ) $ 18,417,578.12 A, X-1, X-2 Class LT-7 (1 ) $ 17,768,139.98 A, X-1, X-2 Class LT-8 (1 ) $ 17,141,602.24 A, X-1, X-2 Class LT-9 (1 ) $ 16,537,157.39 A, X-1, X-2 Class LT-10 (1 ) $ 15,954,026.39 A, X-1, X-2 Class LT-11 (1 ) $ 15,391,457.68 A, X-1, X-2 Class LT-12 (1 ) $ 14,848,726.19 A, X-1, X-2 Class LT-13 (1 ) $ 14,325,132.42 A, X-1, X-2 Class LT-14 (1 ) $ 13,820,001.55 A, X-1, X-2 Class LT-15 (1 ) $ 13,332,682.53 A, X-1, X-2 Class LT-16 (1 ) $ 12,862,547.29 A, X-1, X-2 Class LT-17 (1 ) $ 12,408,989.89 A, X-1, X-2 Class LT-18 (1 ) $ 11,971,425.78 A, X-1, X-2 Class LT-19 (1 ) $ 11,549,290.98 A, X-1, X-2 Class LT-20 (1 ) $ 11,142,041.46 A, X-1, X-2 Class LT-21 (1 ) $ 10,330,419.36 A, X-1, X-2 Class LT-22 (1 ) $ 9,958,766.87 A, X-1, X-2 Class LT-23 (1 ) $ 9,600,349.69 A, X-1, X-2 Class LT-24 (1 ) $ 9,254,698.84 A, X-1, X-2 Class LT-25 (1 ) $ 8,921,361.90 A, X-1, X-2 Class LT-26 (1 ) $ 8,599,902.44 A, X-1, X-2 Class LT-27 (1 ) $ 8,289,899.47 A, X-1, X-2 Class LT-28 (1 ) $ 7,990,946.85 A, X-1, X-2 Class LT-29 (1 ) $ 7,702,652.87 A, X-1, X-2 Class LT-30 (1 ) $ 7,424,639.57 A, X-1, X-2 Class LT-31 (1 ) $ 7,156,542.45 A, X-1, X-2 Class LT-32 (1 ) $ 6,898,009.84 A, X-1, X-2 Class LT-33 (1 ) $ 6,648,702.52 A, X-1, X-2 Class LT-34 (1 ) $ 6,408,293.28 A, X-1, X-2 Class LT-35 (1 ) $ 6,176,466.45 A, X-1, X-2 Class LT-36 (1 ) $ 5,952,917.56 A, X-1, X-2 Class LT-37 (1 ) $ 5,422,337.34 A, X-1, X-2 Class LT-38 (1 ) $ 5,231,135.62 A, X-1, X-2 Class LT-39 (1 ) $ 5,046,676.03 A, X-1, X-2 98795 Sequoia 2004-1 Pooling and Servicing Agmt. Lower Tier Class Lower Tier Initial Class Corresponding Class of Designation Interest Rate Principal Amount Certificate(s) Class LT-40 (1 ) $ 4,868,720.82 A, X-1, X-2 Class LT-41 (1 ) $ 4,697,040.64 A, X-1, X-2 Class LT-42 (1 ) $ 128,507,506.34 A, X-1, X-2 Class LT-B1 (1 ) $ 9,375,000.00 B-1, X-B Class LT-B2 (1 ) $ 5,937,000.00 B2, X-B Class LT-B3 (1 ) $ 3,437,000.00 B3 Class LT-B4 (1 ) $ 1,562,000.00 B4 Class LT-B5 (1 ) $ 937,000.00 B5 Class LT-B6 (1 )...
