Multiclass PC definition
Multiclass PC. A REMIC Certificate issued pursuant to this Agreement, which is all or part of either a Regular Class or a Residual Class and which represents all or part of either a Regular Interest or a Residual Interest in a particular REMIC Pool. Multiclass PCs are directly or indirectly backed by PCs.
Multiclass PC. A REMIC CertiÑcate created pursuant to this Agreement, which is all or part of either a Regular Class or a Residual Class and which represents all or part of either a Regular Interest or a Residual Interest in a particular REMIC Pool. Multiclass PCs are directly or indirectly backed by PCs.