UPPER-TIER REMIC Sample Clauses

UPPER-TIER REMIC. The Upper-Tier REMIC will hold the Lower-Tier Regular Interests and will issue the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class A-BP, Class X-A, Class X-BP, Class X-B, Class A-S, Class B, Class C, Class D, Class X-D, Class E-RR, Class F-RR, Class G-RR and Class H-RR Certificates, representing the “regular interests” in the Upper-Tier REMIC created hereunder. The Upper-Tier REMIC also will issue the uncertificated Class UR Interest, which is the sole Class of “residual interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions and is represented by the Class R Certificates. The following table (and related paragraphs) sets forth the designation, the pass-through rate (in the case of the Regular Certificates, the “Pass-Through Rate”) and the aggregate initial principal amount (in the case of the Principal Balance Certificates, the “Original Certificate Balance”), the aggregate initial notional amount (in the case of the Class X Certificates, the “Original Notional Amount”), as applicable, for each Class of Certificates: Class A-1 Certificates 2.222% $ 14,278,000 Class A-2 Certificates 3.278% $ 72,424,000 Class A-3 Certificates 3.205% $ 270,000,000 Class A-4 Certificates 3.469% $ 311,927,000 Class A-AB Certificates 3.313% $ 35,645,000 Class A-BP Certificates 3.837% $ 10,000,000 Class X-A Certificates 0.982995%(1) $ 774,426,000 (2) Class X-BP Certificates 0.500555%(1) $ 10,000,000 (2) Class X-B Certificates 0.384555%(1) $ 44,642,000 (2) Class A-S Certificates 3.752% $ 70,152,000 Class B Certificates 3.953% $ 44,642,000 Class C Certificates 4.337555% $ 56,122,000 Class D Certificates 2.700% $ 28,979,000 Class X-D Certificates 1.637555%(1) $ 28,979,000 (2) Class E-RR Certificates 4.337555% $ 27,142,000 Class F-RR Certificates 4.337555% $ 26,786,000 Class G-RR Certificates 4.337555% $ 10,204,000 Class H-RR Certificates 4.337555% $ 42,091,386 Class R Certificates N/A(3) N/A

UPPER-TIER REMIC. The Upper-Tier REMIC will hold the Lower-Tier Regular Interests and will issue the Class A-1, Class A-2, Class A-3, Class X-A, Class X-B, Class X-D, Class A-S, Class B, Class C, Class D, Class E-RR, Class F-RR, Class G-RR and Class J-RR Certificates, which will evidence the “regular interests” in the Upper-Tier REMIC created hereunder. The Upper-Tier REMIC will also issue the uncertificated Class UR Interest, which is the sole class of “residual interests” in the Upper-Tier REMIC for purposes of the REMIC Provisions and is represented by the Class R Certificates. The Class UR Interest will not have a Certificate Balance or Notional Amount, will not bear interest and will not be entitled to distributions of Prepayment Premiums or Yield Maintenance Charges. Any Available Funds remaining in the Upper-Tier REMIC Distribution Account after all required distributions under this Agreement have been made to each Class of Regular Certificates will be deemed distributed to the Class UR Interest and shall be payable to the Holders of the Class R Certificates. The foregoing REMIC structure is intended to cause all of the cash from the Mortgage Loans to flow through to the Upper-Tier REMIC as cash flow on the Regular Certificates, without creating any shortfall, actual or potential (other than for credit losses), to any Regular Certificate. To the extent that the structure is believed to diverge from such intention, the parties identifying such ambiguity shall notify the other parties hereto and the parties involved will resolve such ambiguities to accomplish the intended result and will to the extent necessary rectify any drafting errors or seek clarification to the structure without Certificateholder approval (but with guidance of counsel) to accomplish such intention, including, to the extent necessary, making any amendments in accordance with Section 13.01 of this Agreement.

UPPER-TIER REMIC. The Upper-Tier REMIC will hold the Lower-Tier Regular Interests and will issue the (i) Class A-1, A-SB, Class X-A, Class F-RR, Class G-RR, Class H-RR, Class J-RR and Class K-RR Certificates (the “Regular Certificates”) and the Class A-4, Class A-4-X1, Class A-4-X2, Class A-5, Class A-5-X1, Class A-5-X2, Class A-S, Class A-S-X1, Class A-S-X2, Class B, Class B-X1, Class B-X2, Class C, Class C-X1, Class C-X2, Class D, Class D-X1, Class D-X2, Class E, Class E-X1 and Class E-X2 Upper-Tier Regular Interests (the “Exchangeable Upper-Tier Regular Interests”), and (ii) the regular interests that correspond in the aggregate to the VRR Interest (in the case of the Class RR Certificates and the RR Interest), each of which will represent a “regular interest” in the Upper-Tier REMIC (the “Upper-Tier Regular Interests”) for purposes of the REMIC Provisions. Each regular interest that is represented by a Regular Certificate or an Exchangeable Upper-Tier Regular Interest will have the same alphanumeric designation and initial pass-through rate, principal balance and entitlements as such Regular Certificate or Exchangeable Upper-Tier Regular Interest, as described below under the caption “The Upper-Tier Regular Interests and the Class UR Interest.” The Upper-Tier REMIC will also issue the uncertificated Class UR Interest, which will be the sole class of “residual interests” in the Upper-Tier REMIC for purposes of the REMIC Provisions and is represented by the Class R Certificates. The Class R Certificates will not have a Certificate Balance or a Notional Amount, bear interest or be entitled to distributions of Prepayment Premiums or Yield Maintenance Charges. Any Aggregate Available Funds remaining in the Upper-Tier REMIC Distribution Account, after all required distributions under this Agreement have been made to each Class of Upper-Tier Regular Interests will be deemed distributed to the Class UR Interest and shall be payable to the Holders of the Class R Certificates.

UPPER-TIER REMIC. The following table sets forth the Class designation, the approximate initial pass-through rate and the aggregate initial principal amount (the “Original Certificate Balance”) or, in the case of the Class X-A and Class X-D Certificates, notional amount (the “Original Notional Amount”), as applicable, for each Class of Certificates and each Class EC Regular Interest comprising or evidencing the interests in the Upper-Tier REMIC created hereunder: Class Designation Approximate Initial Pass-Through Rate (per annum) Original Certificate Balance / Original Notional Amount Class A-1 1.613% $42,973,000 Class A-2 2.292% $22,079,000 Class A-3 3.524% $33,518,000 Class A-4 3.349% $225,000,000 Class A-5 3.616% $415,175,000 Class A-AB 3.368% $70,409,000 Class X-A(1) 1.356% $861,171,000 Class A-S Regular Interest 3.849% $52,017,000 Class B Regular Interest 4.759% $75,136,000 Class C Regular Interest 4.759% $54,907,000 Class D 2.850% $65,021,000 Class X-D(1) 1.909% $65,021,000 Class E 4.759% $28,898,000 Class F 4.759% $11,560,000 Class G 4.759% $15,894,000 Class H 4.759% $43,347,829 Class R(2) N/A N/A

UPPER-TIER REMIC. Not applicable.

UPPER-TIER REMIC. REMIC 2.

UPPER-TIER REMIC. The Regular Interests will evidence “regular interests” in the Upper-Tier REMIC created hereunder. The Class UT-R Interest will constitute the sole Class of “residual interests” in the Upper-Tier REMIC created hereunder, and will be evidenced by the Class R Certificates.

UPPER-TIER REMIC. [The Class A-1, Class A-2, Class A-3, Class A-4, Class A-SB, Class A-1A, Class A-M, Class A-J, Class B, ▇▇▇▇▇ ▇, ▇▇▇ss D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class P, Class NR, Class X-1 and Class X-2 Certificates and the Class A-2FL Regular Interest will evidence "regular interests" in the Upper-Tier REMIC created hereunder. The sole Class of "residual interests" in the Upper-Tier REMIC created hereunder will be evidenced by the Class R Certificates.] The following table sets forth the designation, the pass-through rate (the "Pass-Through Rate"), the aggregate initial principal amount (the "Original Certificate Balance") or Notional Amount ("Original Notional Amount"), as applicable, and the initial ratings given each Class by the Rating Agencies for each Class of Certificates and the Class A-2FL Regular Interest comprising the interests in the Upper-Tier REMIC created hereunder: Initial Original Certificate Pass-Through Balance or Notional Ratings(1) Rate Amount (Moody's/S&P) ------------ -------------------- ------------- [Class A-1 Certificates](2) [_____]% $ [________] Aaa/AAA [Class A-2 Certificates](2) [_____]% $ [________] Aaa/AAA [Class A-2FL Regular Interest](2) [_____]%(3) $[________](4) Aaa/AAA(5) [Class A-3 Certificates](2) [_____]%(6) $ [________] Aaa/AAA [Class A-4 Certificates](2) [_____]%(6) $ [________] Aaa/AAA [Class A-SB Certificates](2) [_____]%(7) $ [________] Aaa/AAA [Class A-1A Certificates](2) [_____]%(6) $ [________] Aaa/AAA [Class A-M Certificates] [_____]%(6) $ [________] Aaa/AAA [Class A-J Certificates] [_____]%(8) $ [________] Aaa/AAA [Class B Certificates] [_____]%(8) $ [________] Aa2/AA [Class C Certificates] [_____]%(8) $ [________] Aa3/AA- [Class D Certificates] [_____]%(8) $ [________] A2/A [Class E Certificates] [_____]%(8) $ [________] A3/A- [Class F Certificates] [_____]%(8) $ [________] Baa1/BBB+ [Class G Certificates] [_____]%(8) $ [________] Baa2/BBB [Class H Certificates] [_____]%(8) $ [________] Baa3/BBB- [Class J Certificates] [_____]%(7) $ [________] Ba1/BB+ [Class K Certificates] [_____]%(7) $ [________] Ba2/BB [Class L Certificates] [_____]%(7) $ [________] Ba3/BB- [Class M Certificates] [_____]%(7) $ [________] B1/B+ [Class N Certificates] [_____]%(7) $ [________] B2/B [Class P Certificates] [_____]%(7) $ [________] B3/B- [Class NR Certificates] [_____]%(7) $ [________] */* [Class R Certificates] N/A(9) N/A(9) */* [Class X-1 Certificates] [_____]%(10) $ [________](...

UPPER-TIER REMIC. The Class A, Class B and Class VRR Certificates and the Uncertificated VRR Interestshall evidence “regular interests” in the Upper-Tier REMIC created hereunder. The Class UT-R Interest will constitute the sole class of “residual interests” in the Upper-Tier REMIC created hereunder, and will be evidenced by the Class R Certificates. The following table sets forth the class designation, the initial Pass-Through Rate and the aggregate initial Certificate Balance (the “Initial Certificate Balance”) or initial Uncertificated VRR Interest Balance (the