REMIC IV Regular Interest definition

REMIC IV Regular Interest. Any of the separate non-certificated beneficial ownership interests in REMIC IV issued hereunder and designated as a “regular interest” in REMIC IV.

REMIC IV Regular Interest. The Class I-CE Interest, Class II-CE Interest, Class I-P Interest, Class II-P Interest, Class I-IO Interest, Class II-IO Interest or any Regular Interest in REMIC IV the ownership of which is represented by any of the Class A Certificates or Class M Certificates.

REMIC IV Regular Interest. Any of the Class IO Interest, and any “regular interest” in REMIC IV the ownership of which is represented by a Class A Certificate or Subordinated Certificate.

Examples of REMIC IV Regular Interest in a sentence

• Each such REMIC IV Regular Interest is hereby designated as a regular interest in REMIC IV.

• The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in REMIC I, REMIC II, REMIC III or REMIC IV other than the REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests, REMIC IV Regular Interest IO and the Certificates.

• On the Startup Day, the REMIC IV Regular Interest will be designated the "regular interest" in such REMIC.

• REMIC IV Regular Interest II-A-1 shall accrue interest at the related Uncertificated REMIC IV 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 Trustee shall not permit the creation of any "interests" in any REMIC created hereunder (within the meaning of Section 860G of the Code) other than the REMIC I Regular Interests, the REMIC II Regular Interests, REMIC III Regular Interest and REMIC IV Regular Interest and the interests represented by the Certificates.

More Definitions of REMIC IV Regular Interest

REMIC IV Regular Interest. Any of the separate non-certificated beneficial ownership interests in REMIC IV set forth in Section 5.01(c)(iv) and issued hereunder and designated as a “regular interest” in REMIC IV. Each REMIC IV Regular Interest shall accrue interest at the Uncertificated Pass-Through Rate specified for such REMIC IV Interest in Section 5.01(c)(iv), 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 Section 5.01(c)(iv). The designations for the respective REMIC IV Regular Interests are set forth in Section 5.01(c)(iv).

REMIC IV Regular Interest. Any of the separate non-certificated beneficial ownership interests in REMIC IV set forth in Section 5.01(c)(iv) and issued hereunder and designated as a "regular interest" in REMIC IV. Each REMIC IV Regular Interest shall accrue interest at the Uncertificated Pass-Through Rate specified for such REMIC IV Interest in Section 5.01(c)(iv), 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 Section 5.01(c)(iv). The designations for the respective REMIC IV Regular Interests are set forth in Section 5.01(c)(iv). REMIC V: That group of assets contained in the Trust Fund designated as a REMIC consisting of REMIC IV Regular Interests B-IO-I and B-IO-P and any proceeds thereof.

REMIC IV Regular Interest. As described in the Preliminary Statement.

REMIC IV Regular Interest. As defined in Section 2.07.

REMIC IV Regular Interest. The separate non-certificated beneficial ownership interest in REMIC IV set forth in Section 5.01(c)(iv) and issued hereunder and designated as a "regular interest" in REMIC IV. The REMIC IV Regular Interest shall accrue interest at the Uncertificated Pass-Through Rate specified for such REMIC IV Interest in Section 5.01(c)(iv). The designation for the REMIC IV Regular Interest is set forth in Section 5.01(c)(iv).

REMIC IV Regular Interest. Any of the separate non-certificated beneficial ownership interests in REMIC IV issued hereunder and designated as a Regular Interest in REMIC IV. Each REMIC IV Regular Interest shall accrue interest at the related Uncertificated REMIC IV 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 designations for the respective REMIC IV Regular Interests are set forth in the Preliminary Statement hereto.

REMIC IV Regular Interest. Any of the separate beneficial ownership interests in REMIC IV set forth in Section 5.01(c) and issued hereunder and designated as a "regular interest" in REMIC IV. Each REMIC IV Regular Interest (other than REMIC IV Regular Interests B-IO-I and B-IO-P) shall accrue interest at the Pass-Through Rate for the Class of Certificates bearing the same designation specified in Section 5.01(c), modified as provided in the footnotes of the REMIC IV table, if applicable. REMIC IV Regular Interest B-IO-I shall accrue interest at the Class B-IO Pass-Through Rate. REMIC IV Regular Interest B-IO-P shall accrue no interest. Each REMIC IV Regular Interest (other than REMIC IV Regular Interest B-IO-I) shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to the Current Principal Amount of the Class of Certificates bearing the same designation as set forth in Section 5.01(c). The designations for the respective REMIC IV Regular Interests are set forth in Section 5.01(c).