REMIC 2 Interest. As specified in the Preliminary Statement.
REMIC 2 Interest. Not applicable.
Examples of REMIC 2 Interest in a sentence
Interest is to be distributed with respect to each REMIC 2 Interest at the rate, or according to the formulas, described above.
Each Lower-Tier REMIC 2 Interest (other than the Class LT2-A-R Interest) is hereby designated as a regular interest in the Lower-Tier REMIC 2.
Each REMIC 2 Interest (other than the R-2-R Interest) is hereby designated as a regular interest in REMIC 2.
Each Lower-Tier REMIC 2 Interest (other than the Class 2-LT-R Interest) is hereby designated as a regular interest in Lower-Tier REMIC 2 (each, a “Lower-Tier REMIC 2 Regular Interest”).
Interest is to be distributed with respect to each Lower-Tier REMIC 2 Interest at the rate, or according to the formulas, described above.
More Definitions of REMIC 2 Interest
REMIC 2 Interest. Each of the REMIC 2 Regular Interests and the Class R-2 Interest.
REMIC 2 Interest is entitled to all amounts payable with respect to the R-1-X Interest. On each Distribution Date, the Interest Funds and the Principal Distribution Amounts payable with respect to the REMIC 1 Interests shall be payable with respect to the REMIC 2 Interests in the following manner:
REMIC 2 Interest is entitiled to all amounts payable with respect to the R-1-XF Interest.
REMIC 2 Interest. Any one of the REMIC 2 Interests or the R-2 Interest.
REMIC 2 Interest. Any one of the REMIC 2 Regular Interests.
REMIC 2 Interest has a principal balance that is initially equal to 50% of its Corresponding Certificate Class issued by the Master REMIC. Principal payments, both scheduled and prepaid, Realized Losses, Subsequent Recoveries and interest accruing on the R-3-V-Accrual Interest will be allocated to this class to maintain its size relative to its Corresponding Certificate Class (that is, 50%) with any excess payments of principal, Realized Losses and Subsequent Recoveries being allocated to the R-3-V-Accrual Interest in such manner as to cause the principal balance of the R-3-V-Accrual Interest to have a principal balance equal to (a) 50% of the Loan Group 2 and Loan Group 3 principal balances plus (b) 50% of the Adjustable Rate Overcollateralized Amount for such Distribution Date.
REMIC 2 Interest. [Reserved.]