REMIC B-2 definition

REMIC B-2. As defined in the Preliminary Statement.
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REMIC B-2. All amounts deemed distributed in respect of the REMIC 2 B-2 Interest shall be treated as received by REMIC B-2 then distributed by REMIC B-2 in respect of the REMIC B-2 B-2 Interest. All allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts to the REMIC 2 B-2 Interest shall result in similar allocations to the REMIC B-2 B-2 Interest. If on any Distribution Date the Certificate Principal Balance of the Class B-2 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-2 B-2 Interest on such Distribution Date.
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Examples of REMIC B-2 in a sentence

  • All allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts to the REMIC 2 B-2 Interest shall result in similar allocations to the REMIC B-2 B-2 Interest.

  • All amounts deemed distributed in respect of the REMIC 2 B-2 Interest shall be treated as received by REMIC B-2 then distributed by REMIC B-2 in respect of the REMIC B-2 B-2 Interest.

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

  • If on any Distribution Date the Class Principal Balance of the Class B-2 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-2 B-2 Interest on such Distribution Date.

  • Any amounts distributed to the Class B-2 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-2 in respect of the REMIC 2 B-2 Interest, and distributed thereby as a distribution in respect of the REMIC B-2 B-2 Interest.

  • The Class B-2 Certificates represent beneficial ownership of the REMIC B-2 Regular Interest and the right to receive Excess Net WAC Amounts.

  • 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.

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

  • If on any Distribution Date the Certificate Principal Balance of the Class B-2 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-2 B-2 Interest on such Distribution Date.

  • 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.