RCE Loan REMIC Regular Interest definition

RCE Loan REMIC Regular Interest means the uncertificated interest designated as a Class of "regular interests" in the RCE Loan REMIC, which shall consist of an interest having an initial Certificate Balance equal to the Cut-Off Date Scheduled Principal Balance of the Regal Cinema Eagan Loan, and which has a Pass-Th▇▇▇▇▇ Rate equal to the RCE Loan REMIC Net Mortgage Rate.
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Examples of RCE Loan REMIC Regular Interest in a sentence

  • For purposes of such election, the RCE Loan REMIC Regular Interest shall be designated as a separate class of "regular interests" in the RCE Loan REMIC and the RCE Loan REMIC Residual Interest (represented by the Class R-I Certificates) shall be designated as the sole class of "residual interests" in the RCE Loan REMIC.

  • The Trustee and the Paying Agent shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any of the REMIC Pools other than the REMIC I Regular Interests, the RCE Loan REMIC Regular Interest, the REMIC II Regular Interests, the REMIC Regular Certificates and the Residual Certificates.

  • On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests and the RCE Loan REMIC Regular Interest for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the REMIC II Regular Interests in the amounts and in the manner as will be allocated to the Corresponding Certificates relating thereto pursuant to Section 6.6(f).

  • An election will be made by the Paying Agent to treat the segregated pool of assets consisting of the REMIC I Regular Interests and the RCE Loan REMIC Regular Interest as a REMIC ("REMIC II") under the Code.