REMIC Regular Interests definition

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

REMIC Regular Interests. The REMIC I Regular Interests, the Class CE Interest and the Class P Interest.

REMIC Regular Interests. (i) any of the rights under any of the Certificates (other than the Class P Certificates, the Class R Certificate and the Class C Certificates) other than the rights in interest rate cap contracts described in Section 2.07 and (ii) the Uncertificated Class C Interest.

Examples of REMIC Regular Interests in a sentence

• If the REMIC Administrator makes two or more separate REMIC elections, the applicable REMIC shall be terminated on the earlier of the Final Distribution Date and the date on which it is deemed to receive the last deemed distributions on the related Uncertificated REMIC Regular Interests and the last distribution due on the Certificates is made.

• The REMIC Regular Interests will represent "regular interests" in one of the REMICs included in the Trust Fund.

• The Upper Tier REMIC will consist of the Lower Tier REMIC Regular Interests and will be evidenced by the REMIC Regular Interests (which will represent the "regular interests" in the Upper Tier REMIC) and the Residual Interest as the single "residual interest" in the Upper Tier REMIC.

• The SWAP REMIC will consist of all of the assets constituting the Trust Fund (other than the assets described in clauses (ii), (iii), (iv) and (v) above, other than the SWAP REMIC Regular Interests and other than the Lower Tier REMIC Regular Interests) and will be evidenced by the SWAP REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the SWAP REMIC) and the Class SWR Interest as the single "residual interest" in the SWAP REMIC.

• The Lower Tier REMIC will consist of SWAP REMIC Regular Interests and will be evidenced by the Lower Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower Tier REMIC) and the Class LTR Interest as the single "residual interest" in the Lower Tier REMIC.

More Definitions of REMIC Regular Interests

REMIC Regular Interests. Each of the interests in the Upper Tier REMIC as set forth in the Preliminary Statement other than the Residual Interest.

REMIC Regular Interests. The REMIC 1 Regular Interests, REMIC 2 Regular Interests, the Class C Interest, Class P Interest or Class SWAP-IO Interest.

REMIC Regular Interests. The REMIC 1 Regular Interests, the REMIC 2 Regular Interests, the REMIC 3 Regular Interests and the REMIC 4 Regular Interests.

REMIC Regular Interests. The Class IA-1 Certificates, the Class IA-2 Certificates, the Class IA-3 Certificates, the Class IA-4 Certificates, the Class IA-5 Certificates, the Class IA-6 Certificates, the Class IM-1 Certificates, the Class IM-2 Certificates, the Class IB Certificates, the Upper-Tier REMIC IIA-1 Interest, the Upper-Tier REMIC IIA-2 Interest, the Upper-Tier REMIC IIM-1 Interest, the Upper-Tier REMIC IIM-2 Interest, the Upper-Tier REMIC IIB Interest and the Upper-Tier REMIC Class C Interest.

REMIC Regular Interests. The 636 uncertificated partial undivided beneficial ownership interests in the Trust Fund numbered sequentially from 1 through 636 each relating to the particular Mortgage Loan identified by sequential number on the Mortgage Loan Schedule, each having no principal balance, and each bearing the respective Pool Strip Rate on the Stated Principal Balance of the related Mortgage Loan.

REMIC Regular Interests. The REMIC 1 Regular Interests and Regular Certificates.

REMIC Regular Interests. Any of the REMIC I Regular Interests or Regular Interest Certificates.