REMIC III Group definition

REMIC III Group. I Principal Loss Allocation Amount...........................50 REMIC III Group II Principal Loss Allocation Amount..........................50 REMIC III Group I Regular Interests..........................................50 REMIC III Group II Regular Interests.........................................50 REMIC III Group I Required Overcollateralization Amount......................50 REMIC III Group II Required Overcollateralized Amount........................50 REMIC III Regular Interest LT3-AI-AA.........................................50 REMIC III Regular Interest LT3-AI-1..........................................50 REMIC III Regular Interest LT3-AI-2..........................................51 REMIC III Regular Interest LT3-AI-3..........................................51 REMIC III Regular Interest LT3-AI-4..........................................51 REMIC III Regular Interest LT3-AI-5..........................................51 REMIC III Regular Interest LT3-AI-6..........................................51 REMIC III Regular Interest LT3-AI-ZZ Maximum Interest Deferral Amount ............................................................................51 REMIC III Regular Interest LT3-IAIO..........................................51 REMIC III Regular Interest LT3-AII-AA........................................52 REMIC III Regular Interest LT3-AII-1.........................................52 REMIC III Regular Interest LT3-AII-ZZ........................................52 REMIC III Regular Interest LT3-AII-ZZ Maximum Interest Deferral Amount ............................................................................52
Sample 1Sample 2
REMIC III Group. I Required Overcollateralization Amount: 1% of the Group I Required Overcollateralization Amount.
Sample 1Sample 2Sample 3
REMIC III Group. I Principal Loss Allocation Amount...........................49 REMIC III Group II Principal Loss Allocation Amount..........................49 REMIC III Group I Regular Interests..........................................49
Sample 1

Examples of REMIC III Group in a sentence

  • Any other rights of ITscope based on this violation or breach re- main unaffected.


More Definitions of REMIC III Group

REMIC III Group. I DIVERTED EXCESS SPREAD: 1% of the Group I Diverted Excess Spread. REMIC III GROUP II DIVERTED EXCESS SPREAD: 1% of the Group II Diverted Excess Spread.
Sample 1Sample 2
REMIC III Group. I Interest Loss Allocation Amount............................47 REMIC III Group II Interest Loss Allocation Amount...........................48 REMIC III Group I Overcollateralized Amount..................................48 REMIC III Group II Overcollateralized Amount.................................48 REMIC III Group I Principal Loss Allocation Amount...........................48 REMIC III Group II Principal Loss Allocation Amount..........................48 REMIC III Group I Regular Interests..........................................48 REMIC III Group II Regular Interests.........................................48 REMIC III Group I Required Overcollateralization Amount......................48 REMIC III Group II Required Overcollateralized Amount........................48 REMIC III Regular Interests..................................................49
Sample 1
REMIC III Group. I Sub WAC Allocation Percentage: 50% of any amount payable or loss allocable from the Group I Mortgage Loans, which shall be allocated to REMIC III Regular Interest I-1-Sub, REMIC III Regular Interest I-1-Grp, REMIC III Regular Interest I-2-Sub, REMIC III Regular Interest I-2-Grp and REMIC III Regular Interest I-XX.
Sample 1
REMIC III Group. I Principal Loss Allocation Amount...........................47
Sample 1

Related to REMIC III Group

  • REMIC III The segregated pool of assets consisting of all of the REMIC II Regular Interests conveyed in trust to the Trustee, for the benefit of the REMIC III Certificateholders pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • REMIC III Regular Interest The Class CE Interest, Class P Interest, Class IO Interest or any Regular Interest in REMIC III the ownership of which is represented by any of the Class A Certificates or Class M Certificates.

  • REMIC III Regular Interests The Classes of undivided beneficial interests in REMIC III designated as “regular interests” in the table titled “REMIC III Interests” in the Preliminary Statement hereto.

  • REMIC II Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a “regular interest” in REMIC II. Each REMIC II Regular Interest shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC II Regular Interests are set forth in the Preliminary Statement hereto.

  • REMIC II The segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests conveyed in trust to the Trustee for the benefit of the holders of each Class of Certificates (other than the Class R-I Certificates) pursuant to Section 2.06, with respect to which a separate REMIC election is to be made.

  • REMIC IV The segregated pool of assets consisting of the Class CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class CE Certificates and the Class RX Certificate (in respect of the Class R-4 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC II Regular Interests The Classes of undivided beneficial interests in REMIC II designated as “regular interests” in the table titled “REMIC II Interests” in the Preliminary Statement hereto. The REMIC II Regular Interests, together with the Class R-2 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

  • REMIC A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code.

  • REMIC II Interests means, collectively, the REMIC II Regular Interests and the Class R-II Certificates.

  • Corresponding REMIC II Regular Interest means the REMIC II Regular Interest or one of the REMIC II Regular Interests, as applicable, designated as such in the Preliminary Statement with respect to any Class of Principal Balance Certificates, any EX XXXXX III Regular Interest, any Class of Class X Certificates or any Class X REMIC III Regular Interest.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • REMIC I Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and, in each such case, designated as a “regular interest” (within the meaning of Section 860G(a)(1) of the Code) in REMIC I. The REMIC I Regular Interests have the designations and terms provided for in Section 2.11.

  • REMIC II Assets The REMIC I Regular Interests.

  • REMIC I Regular Interests The Classes of undivided beneficial interests in REMIC I designated as “regular interests” in the table titled “REMIC I Interests” in the Preliminary Statement hereto. The REMIC I Regular Interests, together with the Class R-1 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC I Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Corresponding REMIC I Regular Interest means with respect to each Mortgage Loan, the REMIC I Regular Interest having an initial Certificate Balance equal to the Principal Balance of such Mortgage Loan outstanding as of the Cut-Off Date, after taking into account all principal and interest payments made or due prior to the Cut-Off Date.

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

  • REMIC Regular Interests The REMIC I Regular Interests and REMIC II Regular Interests.

  • REMIC Regular Interest Any REMIC I Regular Interest or REMIC II Regular Interest.

  • REMIC I Regular Interest I-LTP One of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a Regular Interest in REMIC I. REMIC I Regular Interest I-LTP shall be entitled to any Prepayment Charges collected by the Master Servicer and to a distribution of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.

  • REMIC 1 Regular Interest Each of the REMIC 1 Interests other than the Class LT1-R Interest.

  • REMIC 2 Regular Interest Each of the REMIC 2 Interests other than the Class LT2-R Interest.

  • REMIC 1 Regular Interests REMIC 1 Regular Interest LT1A, REMIC 1 Regular Interest LT1B, REMIC 1 Regular Interest LT1C, REMIC 1 Regular Interest LT1D and REMIC 1 Regular Interest LT1P.

  • REMIC 2 Regular Interests One of the separate non-certificated beneficial ownership interests in REMIC 2 issued hereunder and designated as a Regular Interest in REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related Uncertificated REMIC 2 Pass-Through Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The following is a list of each of the REMIC 2 Regular Interests: REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTA1, REMIC 2 Regular Interest LTA2, REMIC 2 Regular Interest LTA3, REMIC 2 Regular Interest LTA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest LTM10, REMIC 2 Regular Interest LTZZ, REMIC 2 Regular Interest LTP and REMIC 2 Regular Interest LTIO.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • REMIC I Assets All of the Mortgage Pool Assets.