REMIC B-1 definition

REMIC B-1. As defined in the Preliminary Statement.
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Examples of REMIC B-1 in a sentence

  • The REMIC 2 B-1 Interest will be held as the sole asset of REMIC B-1.

  • REMIC B-1 The sole asset of REMIC B-1 shall be the REMIC 2 B-1 Interest.

  • Each of the Class R-B-1, Class R-B-2, Class R-B-3, Class R-CE-1, Class R-IO and Class R-CE-2 Interests, represented collectively by the Class R-X Certificates, represent the sole Class of "residual interest" in REMIC B-1, REMIC B-2, REMIC B-3, REMIC CE-1, REMIC IO and REMIC CE-2, respectively, for purposes of the REMIC provisions.

  • The REMIC B-1 Regular Interests represent all of the “regular interests” in REMIC B-1.

  • Each of the Class R-B-1, Class R-B-2, Class R-B-3, Class R-B-4, Class R-B-5 and Class R-X/N Interests, represented collectively by the Class R-X Certificates, represent the sole Class of “residual interest” in REMIC B-1, REMIC B-2, REMIC B-3, REMIC B-4, REMIC B-5 and REMIC X/N, respectively, for purposes of the REMIC provisions.

  • The sole regular interest in REMIC B-1 will be the REMIC B-1 B-1 Interest.

  • If on any Distribution Date the Class Principal Balance of the Class B-1 Certificates is increased pursuant to the last sentence of the definition of "Certificate Principal Balance", then there shall be an equivalent increase in the principal amount of the REMIC B-1 B-1 Interest on such Distribution Date.

  • Any amounts distributed to the Class B-1 Certificates pursuant to Section 4.01 or this Section 4.02, other than payments in respect of Excess Interest, shall be deemed distributed by REMIC 2 to REMIC B-1 in respect 108 of the REMIC 2 B-1 Interest, and distributed thereby as a distribution in respect of the REMIC B-1 B-1 Interest.

  • The residual interest in REMIC B-1 will be the Class R-B-1 Interest, which will be represented by the Class R-X Certificate.

  • Each of the Class R-M-5, Class R-M-6, Class R-B-1, Class R-B-2, Class R-B-3, Class R-B-4, Class R-B-5, Class R-CE-1, Class R-IO and Class R-CE-2 Interests, represented collectively by the Class R-X Certificates, represent the sole Class of "residual interest" in REMIC M-5, REMIC M-6, REMIC B-1, REMIC B-2, REMIC B-3, REMIC B-4, REMIC B-5, REMIC CE-1, REMIC IO and REMIC CE-2, respectively, for purposes of the REMIC provisions.