Examples of Master REMIC Interest in a sentence
The Class A-R Interest is hereby designated as the residual interest in the Master REMIC and each other Master REMIC Interest is hereby designated as a regular interest in the Master REMIC.
The Class MR-A-R Interest is hereby designated as the residual interest in the Master REMIC and each other Master REMIC Interest is hereby designated as a regular interest in the Master REMIC.
For federal income tax purposes, each Subsidiary REMIC Interest and Master REMIC Interest (except the SR-A-R Interest and the A-R Interest) is hereby designated as a regular interest in its issuing REMIC.
For federal income tax purposes, each Sub-WAC REMIC Interest, Strip REMIC Interest and Master REMIC Interest (except the SW-A-LR Interest, the ST-A-UR Interest and the A-UR Interest) is hereby designated as a regular interest in its issuing REMIC.
For federal income tax purposes, each Swap-IO REMIC, Subsidiary REMIC Interest and Master REMIC Interest (except the SW-A-R Interest, SR-A-R Interest and the A-R Interest) is hereby designated as a regular interest in its issuing REMIC.
All payments of scheduled principal and prepayments of principal generated by the Group 3 Mortgage Loans shall be allocated 50% to the ST Group 3-Accrual Interest, and 50% to the Subsidiary Group 3 REMIC Accretion Directed Classes to each such Class in an amount equal to 1/2 of the amount paid in reduction of the principal balance of the Corresponding Class of Master REMIC Interest, until paid in full.
The Trustee shall treat the rights of the Holders of each Class of Interest-Bearing Certificates to receive distributions of interest at a per annum rate in excess of the applicable net rate cap specified in footnote 1 to the table specifying the class designation, interest rate, and principal amount for each class of Master REMIC Interest in the Preliminary Statement but not in excess of the applicable Net Rate Cap as rights in an interest rate corridor contract written by the Class C Certificates.
The following table specifies the class designation, interest rate, and principal amount for each class of Master REMIC Interest: Original Certificate Class Principal Balance Pass-Through Rate --------------------------------- -------------------- ----------------- Class 1-A........................
For federal income tax purposes, each Sub-WAC REMIC Interest, Strip REMIC Interest and Master REMIC Interest (except the SW-A-R Interest, the SR-A-R Interest and the A-R Interest) is hereby designated as a regular interest in its issuing REMIC.
All payments of scheduled principal and prepayments of principal generated by the Mortgage Loans shall be allocated 50% to the ST-Accrual Interest, and 50% to the Subsidiary REMIC Accretion Directed Classes to each such Class in an amount equal to 1/2 of the interest paid in reduction of the principal balance of the Corresponding Class of Master REMIC Interest, until paid in full of the interest paid in reduction of the principal balance of the Corresponding Class of Master REMIC Interest).