Master REMIC Interest definition

Master REMIC Interest. As specified in the Preliminary Statement.
Sample 1Sample 2Sample 3

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.

  • 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.

  • 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.

  • Measurement of Atmospheric Water Vapor using the AirborneVisible/Infrared Imaging Spectrometer.

  • 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.

  • 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).

Related to Master REMIC Interest

  • Master REMIC As described in the Preliminary Statement.

  • Lower Tier REMIC Interests Each of the Class LTA-1 Interest, the Class LTA-2A Interest, the Class LTA-2B Interest, the Class LTA-2C Interest, the Class LTA-2D Interest, the Class LTM-1 Interest, the Class LTM-2 Interest, the Class LTM-3 Interest, the Class LTM-4 Interest, the Class LTM-5 Interest, the Class LTM-6 Interest, the Class LTB-1 Interest, the Class LTB-2 Interest, the Class LTB-3 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest, the Class LT-IO Interest and the Class LTR Interest.

  • Middle-Tier REMIC As described in the Preliminary Statement.

  • Subsidiary REMIC Interest Any one of the Subsidiary REMIC Interests or the SR-A-R Interest.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • Upper-Tier REMIC As described in the Preliminary Statement.

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

  • Lower-Tier REMIC As described in the Preliminary Statement.

  • Upper-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Upper-Tier REMIC and evidenced by the Class R Certificates.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Lower-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Lower-Tier REMIC and evidenced by the Class R Certificates.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Upper-Tier REMIC Distribution Account The trust account or accounts created and maintained as a separate trust account (or separate sub-account within the same account as the Lower-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Computershare Trust Company, National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of BMO 2022-C1 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-C1, and the Uncertificated Interest Owners, Upper-Tier REMIC Distribution Account” and which must be an Eligible Account. The Upper-Tier REMIC Distribution Account shall be an asset of the Upper-Tier REMIC.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • REMIC I Assets All of the Mortgage Pool Assets.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Lower-Tier REMIC Distribution Account The segregated account, accounts or sub-accounts created and maintained by the Certificate Administrator (on behalf of the Trustee) pursuant to Section 3.04(b) in trust for the Certificateholders, which shall initially be entitled “Xxxxx Fargo Bank, National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered holders of BANK 2017-BNK4, Commercial Mortgage Pass-Through Certificates, Series 0000-XXX0, Xxxxx-Xxxx REMIC Distribution Account”. Any such account, accounts or sub-accounts shall be an Eligible Account.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • REMIC III The segregated pool of assets consisting of all of the REMIC II Regular Interests conveyed in trust to the Trustee, for the benefit of the REMIC III Certificateholders pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.