REMIC 4 Components definition

REMIC 4 Components. The Class T4-4, Class T4-5, Class T4-6, Class T4-11, Class T4-12, Class T4-13, Class T4-A1AIO, Class T4-A1FIO, Class T4-A2FIO, Class T4-M1IO, Class T4-M2IO and Class T4-BIO Interests. Each of the REMIC 4 Components represents a regular interest in REMIC 4.
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Examples of REMIC 4 Components in a sentence

  • The Class CE Certificates shall be deemed to receive the aggregate of the amounts distributable in respect of the REMIC 4 Components, notwithstanding that a portion of such amount is applied to pay any Cap Carryover Amount.

  • On each Distribution Date, to the extent the Class A-1F Certificates and the Class A-1A Certificates receive interest in excess of the Class A-1F Net Funds Cap and the Class A-1A Net Funds Cap, respectively, such interest will be treated as distributed to the Class X/N Interest in respect of interest on the REMIC 4 Components, pro rata, and then paid to the Class A-1F Certificates and the Class A-1A Certificates, respectively, pursuant to the related interest rate cap agreement.

  • The Class CE Certificates represent beneficial ownership of the REMIC 4 Components, subject to the obligation to pay Cap Carryover Amounts.

  • Any shortfalls of interest, including any Realized Losses allocated to reduce the Subsequent Overcollateralization Amount, shall be borne, first, by the REMIC 4 Components, pro rata based on interest accrued, before being allocated to the applicable P&I Regular Interests.

  • Any remaining amount with respect to the REMIC 4 Components or any remaining Yield Maintenance Agreement Payment shall be treated as having been distributed to the Holders of the Class CE Certificates from the Grantor Trust.

  • Any shortfalls of interest, including any Realized Losses allocated to reduce the Subsequent Overcollateralization Amount, shall be borne, first, by the REMIC 4 Components, pro rata based on interest accrued, before being allocated to the P&I Regular Interests.

  • Any shortfalls of interest, including any Realized Losses allocated to reduce the Subsequent Overcollateralization Amount, shall be borne, first, by the REMIC 4 Components, pro rata based on interest accrued, before being allocated to the applicable other REMIC 4 Regular Interests.

  • Unless otherwise specified, interest on the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3 and Class M-4 Certificates and on the REMIC 4 Components for any Distribution Date will be calculated on the basis of the actual number of days in the related Interest Accrual Period over a 360-day year, and interest on the Class A-1 Certificates and the Class A-2 Certificates will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

  • The REMIC 4 Regular Interests, other than the Class T4-B2 Interest and the REMIC 4 Components, as well as the REMIC 5 Regular Interest and the REMIC 6 Regular Interest, will be held as assets of the Grantor Trust, which will also hold the rights of the Offered Certificates to receive their respective LIBOR Carryover Amounts.

  • The Class X/BB Interest shall be deemed to receive the aggregate of the amounts distributable in respect of the REMIC 4 Components, notwithstanding that a portion of such amount is applied to pay the LIBOR Carryover Amount.