Corresponding REMIC I Regular Interest definition

Corresponding REMIC I Regular Interest means with respect to each Mortgage Loan, the REMIC I Regular Interest having an initial Certificate Balance equal to the Principal Balance of such Mortgage Loan outstanding as of the Cut-Off Date, after taking into account all principal and interest payments made or due prior to the Cut-Off Date.

Corresponding REMIC I Regular Interest means the REMIC I Regular Interest that relates to any particular Mortgage Loan (including an REO Mortgage Loan) or Qualifying Substitute Mortgage Loan that replaces such Mortgage Loan, which REMIC I Regular Interest has the characteristics described in the Preliminary Statement.

Corresponding REMIC I Regular Interest with respect to, a separate specific Mortgage Loan (including an REO Mortgage Loan) and any Qualifying Substitute Mortgage Loan that may replace such Mortgage Loan. Each REMIC I Regular Interest will have a Pass-Through Rate equal to the applicable REMIC I Net Mortgage Rate from time to time, an initial REMIC I Principal Amount equal to the Cut-Off Date Principal Balance of the Mortgage Loan to which such REMIC I Regular Interest relates, and a “latest possible maturity date” set to the Rated Final Distribution Date. The Class R Certificates will have no principal amount and no Pass-Through Rate, but (insofar as such Certificates represent the REMIC I Residual Interest) will entitle Holders thereof to receive the proceeds of any assets remaining in REMIC I after all the REMIC I Regular Interests have been paid in full.

Examples of Corresponding REMIC I Regular Interest in a sentence

• On each Distribution Date, the portion of any Net Aggregate Prepayment Interest Shortfall for such Distribution Date allocable to any Principal Prepayment of any Mortgage Loan during the related Collection Period shall be allocated to the Corresponding REMIC I Regular Interest to reduce the Distributable Interest for such REMIC I Regular Interest in accordance with the definition of “Distributable Interest”.

• REMIC I Each REMIC I Regular Interest (a "Corresponding REMIC I Regular Interest") will relate to a specific Mortgage Loan.

• Each Corresponding REMIC I Regular Interest will have a pass-through rate equal to the REMIC I Net Mortgage Rate of the related Mortgage Loan, an initial principal amount (the initial "Certificate Balance") equal to the Scheduled Principal Balance as of the Cut-Off Date of the Mortgage Loan to which the Corresponding REMIC I Regular Interest relates, and a "latest possible maturity date" set to the Maturity Date of the Mortgage Loan to which the Corresponding REMIC I Regular Interest relates.

• The following table sets forth: (i) the class designation of each Class of Sequential Pay Certificates; (ii) the Original Class Principal Balance for each Class of Sequential Pay Certificates; (iii) the corresponding REMIC I Regular Interest (the "Corresponding REMIC I Regular Interest") for each Class of Sequential Pay Certificates; and (iv) the initial REMIC I Principal Balance of each such Corresponding REMIC I Regular Interest.

• Each REMIC I Regular Interest (a "Corresponding REMIC I Regular Interest") will relate to a specific Mortgage Loan.

More Definitions of Corresponding REMIC I Regular Interest

Corresponding REMIC I Regular Interest. As defined in the Preliminary Statement with respect to any Corresponding Certificate or any Corresponding Component.

Corresponding REMIC I Regular Interest. As defined in the Preliminary Statement with respect to any Class of Corresponding Certificates or any Corresponding Component of the Class X-C Certificates or Class X-P Certificates.

Corresponding REMIC I Regular Interest means, with respect to each Mortgage Loan, the REMIC I Regular Interest or Interests having an initial Certificate Balance (in the case of the Group PB REMIC Regular Interests) or initial Notional Amount (in the case of the Group X-Y REMIC I Regular Interests), equal to the Principal Balance of such Mortgage Loan outstanding as of the Cut-Off Date, after taking into account all principal and interest payments made or due prior to the Cut-Off Date.

Corresponding REMIC I Regular Interest. As defined in the Preliminary Statement with respect to any Class of Sequential Pay Certificates. With respect to any Component, the REMIC I Regular Interest that, with the replacement of "L" with "XC" or "XP", as applicable, at the beginning of its designation, has the same alphabetic or alphanumeric designation as such Component.

Corresponding REMIC I Regular Interest. As defined in the Preliminary Statement with respect to any Class of Sequential Pay Certificates. With respect to the Class A-2FL REMIC II Regular Interest, REMIC I Regular Interest LA-2FL. With respect to the Class A-4FL REMIC II Regular Interest, REMIC I Regular Interest LA-4FL. With respect to any Class X Component, the REMIC I Regular Interest that, with the replacement of "L" with "X-", at the beginning of its designation, has the same alphabetic or alphanumeric designation as such Class X Component.

Corresponding REMIC I Regular Interest means with respect to each Majority Mortgage Loan and the 000 Xxxxxx Xxxxxx Pari Passu Loan REMIC Regular Interest, the REMIC I Regular Interest having an initial Certificate Balance equal to the Principal Balance of such Mortgage Loan outstanding as of the Cut-Off Date, after taking into account all principal and interest payments made or due prior to the Cut-Off Date (or in the case of the 000 Xxxxxx Xxxxxx Pari Passu Loan REMIC Regular Interest, an initial principal amount (the initial "Certificate Balance") equal to the Certificate Balance of the 000 Xxxxxx Xxxxxx Pari Passu Loan REMIC Regular Interest).

Corresponding REMIC I Regular Interest. As defined in the Preliminary Statement with respect to any Class of Corresponding Certificates or any Corresponding Component of the Class IO Certificates. In the case of the Class A-5FL Certificates, “Corresponding Certificate” refers to the Class A-5FL Regular Interest.