Examples of REMIC II Certificates in a sentence
Trust Fund Certificates: The Upper Tier REMIC I Certificates and REMIC II Certificates.
Xxxxxx Mae shall distribute to the Class 116-RA Certificateholder the proceeds of the remaining assets of REMIC II, if any, after the Class Balance of each Class of REMIC II Certificates has been reduced to zero.
REMIC II Certificates: The REMIC II Regular Certificates and the Class R-II Certificates.
The Class 116-RA Certificate is hereby designated as the sole “residual interest” in the REMIC constituted by REMIC II within the meaning of Section 860G(a)(2) of the Code, and each remaining Class of REMIC II Certificates is hereby designated as a “regular interest” in such REMIC within the meaning of Section 860G(a)(1) of the Code.
The Class 57-RA Certificate is hereby designated as the sole “residual interest” in the REMIC constituted by REMIC II within the meaning of Section 860G(a)(2) of the Code, and each remaining Class of REMIC II Certificates is hereby designated as a “regular interest” in such REMIC within the meaning of Section 860G(a)(1) of the Code.