REMIC B-5 definition
Examples of REMIC B-5 in a sentence
All amounts deemed distributed in respect of the REMIC 2 B-5 Interest shall be treated as received by REMIC B-5 then distributed by REMIC B-5 in respect of the REMIC B-5 B-5 Interest.
All allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts to the REMIC 2 B-5 Interest shall result in similar allocations to the REMIC B-5 B-5 Interest.
The REMIC 2 B-5 Interest will be held as the sole asset of REMIC B-5.
REMIC B-5 The sole asset of REMIC B-5 shall be the REMIC 2 B-5 Interest.
If on any Distribution Date the Certificate Principal Balance of the Class B-5 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-5 B-5 Interest on such Distribution Date.
The residual interest in REMIC B-5 will be the Class R-B-5 Interest, which will be represented by the Class R-X Certificate.
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 Class B-5 Certificates represent beneficial ownership of the REMIC B-5 Regular Interest and the right to receive Excess Net WAC Amounts.
The sole regular interest in REMIC B-5 will be the REMIC B-5 B-5 Interest.
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.