Loan REMIC Regular Interest definition

Loan REMIC Regular Interest means, subject to Section 2.06(b), the uncertificated "regular interest" within the meaning of Section 860G(a)(1) of the Code, in a Loan REMIC.

Loan REMIC Regular Interest. Any of the Loan REMIC Pooled Regular Interest or the Loan REMIC Non-Pooled Regular Interests.

Loan REMIC Regular Interest. The 800 Xxxxx Xxxxxx REMIC Regular Interest.

Examples of Loan REMIC Regular Interest in a sentence

• A separate Loan REMIC Regular Interest will, on the Closing Date, be issued with respect to, and will thereafter relate to, each Early Defeasance Trust Mortgage Loan, if any, included in a Loan REMIC.

• The Legal Final Distribution Date of each Loan REMIC Regular Interest, if any, is the Distribution Date immediately following the third anniversary of the end of the remaining amortization term (as determined as of the Closing Date) of the related Early Defeasance Trust Mortgage Loan.

• Each Loan REMIC Regular Interest, if any, shall: (i) bear a numeric designation that is the same as the loan number for the related Early Defeasance Trust Mortgage Loan set forth on the Trust Mortgage Loan Schedule; (ii) accrue interest at the related per annum rate described in the definition of "Loan REMIC Remittance Rate"; and (iii) have an initial Uncertificated Principal Balance equal to the Cut-off Date Balance of the related Early Defeasance Trust Mortgage Loan.

• Each Loan REMIC Regular Interest, if any, issued with respect to, and relating to, an Early Defeasance Trust Mortgage Loan in a Loan REMIC, shall also relate to any successor REO Trust Mortgage Loan with respect to such Early Defeasance Trust Mortgage Loan.

• The Loan REMIC Regular Interest will be held by the Trustee as an asset of the Lower-Tier REMIC.

More Definitions of Loan REMIC Regular Interest

Loan REMIC Regular Interest. Each of the Class KPS-1 Uncertificated Interest, Class KPS-2 Uncertificated Interest, Class KPS-3 Uncertificated Interest, Class KPS-4 Uncertificated Interest, Class KPS-5 Uncertificated Interest, Class KPS-6 Uncertificated Interest and Class KPS-7 Uncertificated Interest.

Loan REMIC Regular Interest. Each of the 1414 & 1418 K Street Loan REMIC Regular Interest, the Japan Town Center Loan REMIC Regular Interest, the Riverside on the Jxxxx Loan REMIC Regular Interest and the Storage by Gxxxxx and Napa Valley Wine Storage Loan REMIC Regular Interest.

Loan REMIC Regular Interest means the uncertificated "regular interest", within the meaning of Section 860G(a)(1) of the Code, in each Loan REMIC. The principal balance of each Loan REMIC Regular Interest shall equal the principal balance of the related Mortgage Loan (or, if applicable, the deemed principal balance of any successor REO Loan) outstanding from time to time. Payments and other collections of amounts received on or in respect of the [Separately Serviced Mortgage Loan] and each of the Early Defeasance Mortgage Loans (or any related REO Property or the Trust's interest therein) and allocable (in accordance with SECTION 1.03) to interest (exclusive of any portion thereof that constitutes Post-ARD Additional Interest, and otherwise adjusted to the related Loan REMIC Remittance Rate) on, principal of and/or Prepayment Premiums with respect to such Mortgage Loan (or any successor REO Loan) shall be deemed paid on the related Loan REMIC Regular Interest to REMIC I at the time such amounts are so received. The terms of each Loan REMIC Regular Interest are otherwise set forth in the related Loan REMIC Declaration.

Loan REMIC Regular Interest means any of the four uncertificated "regular interests" (within the meaning of Section 860G(a)(1) of the Code) in the Sangertown Square Loan REMIC, as described (and bearing the designations specified) in the Preliminary Statement hereto.

Loan REMIC Regular Interest. With respect to any Loan REMIC Held Mortgage Loan, a class of uncertificated regular interest issued by the related Loan REMIC. Because the Trust Fund will not include any REMIC Held Mortgage Loan or Loan REMIC as of the Closing Date, there will be no Loan REMIC Regular Interest. Accordingly, all references in this Agreement to “Loan REMIC Regular Interest” shall be disregarded.

Loan REMIC Regular Interest means the separate non-certificated beneficial ownership interest in the Loan REMIC issued hereunder and designated as a "regular interest" (within the meaning of Section 860G(a)(1) of the Code) in the Loan REMIC. The Loan REMIC Regular Interest has the designation and terms provided for in SECTION 2.10. -33-

Loan REMIC Regular Interest means the uncertificated "regular interest," within the meaning of Code Section 860G(a)(1), in each Loan REMIC. The principal balance of each Loan REMIC Regular Interest shall equal the outstanding Stated Principal Balance of the related Loan REMIC Loan (or, if applicable, the deemed Stated Principal Balance of any successor REO Mortgage Loan). Payments of principal, interest (including Default Interest) and prepayment premiums received on or in respect of such Loan REMIC Loan (or any amount with respect to any related REO Property) shall be deemed distributable on the related Loan REMIC Regular Interest and other collections of amounts received on or in respect of such Loan REMIC Loan shall be deemed distributable to the Trust Fund other than on the related Loan REMIC Regular Interest.