REMIC II Certificates definition

REMIC II Certificates. The REMIC II Regular Certificates and the Class R-II Certificates.
REMIC II Certificates. Any of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-P, Class A-V, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II Certificates.
REMIC II Certificates. Any Class of Certificates (other than the Class R-I Certificates).

Examples of REMIC II Certificates in a sentence

  • The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC II Certificates.

  • It should be noted that no settlement may be finalized before the sixty-day notice period has expired and then only if no public prosecutor has commenced and is diligently prosecuting the alleged violation.

  • Notwithstanding any contrary provision of this Agreement, the Trustee shall not consent to any amendment to this Agreement unless it shall have first received an Opinion of Counsel to the effect that such amendment will not cause either REMIC I or REMIC II of the Trust Fund to fail to qualify as a REMIC at any time that any REMIC I Regular Interests or REMIC II Certificates are outstanding.

  • The Depositor, as of the Closing Date, and concurrently with the execution and delivery of this Agreement, does hereby assign without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests to the Trustee for the benefit of the respective Holders of the REMIC II Certificates.

  • If the Servicer is indemnified for such taxes pursuant to this Section 4.7(a), such amount shall be first charged against amounts otherwise distributable to the Holders of Component R-1 of the Class R Certificate (or, if the tax relates to REMIC II, Component R-2 of the Class R Certificate) on a pro rata basis, then against amounts otherwise distributable with respect to the REMIC I Regular Interests (or, if the tax relates to REMIC II, to the Holders of the REMIC II Certificates) on a pro rata basis.


More Definitions of REMIC II Certificates

REMIC II Certificates. As defined in Section 2.07.
REMIC II Certificates. Any of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-P, Class A-V, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II Certificates. Scheduled Final Distribution Date: October 25, 2032.
REMIC II Certificates. The Class R-II Certificates. REMIC II II-A-V Regular Interests: The 455 uncertificated partial undivided beneficial ownership interests in the Trust Fund, each relating to a Group II Loan with a Net Mortgage Rate in excess of 4.75%, each having no principal balance and each bearing interest at the respective Uncertificated Pass-Through Rate on the respective Uncertificated Notional Amount.
REMIC II Certificates. Any Trust Certificate, other than a Class R-I Certificate.
REMIC II Certificates. The REMIC II Regular Certificates and the Class R-II Certificates. REMIC II Regular Certificates: The REMIC II Regular Interests as identified and with such terms as described in Section 5.01(d).
REMIC II Certificates has the meaning set forth in the final paragraph of the Preliminary Statement hereto.