REMIC V Regular Interest definition

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

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

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

Examples of REMIC V Regular Interest in a sentence

• The Trustee acknowledges receipt of the Class IO Interest (which is uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC V Regular Interest IO and Class RX Certificates (in respect of the Class R-5 Interest).

• For federal income tax purposes, such amounts paid to the Supplemental Interest Trust on each Distribution Date shall first be deemed paid to the Supplemental Interest Trust in respect of REMIC V Regular Interest IO to the extent of the amount distributable on such REMIC V Regular Interest IO on such Distribution Date, and any remaining amount shall be deemed paid to the Supplemental Interest Trust in respect of a Class IO Distribution Amount.

• Such amounts shall be deemed distributed by REMIC V in respect of REMIC V Regular Interest IO for deposit into the Supplemental Interest Trust.

• On the Startup Day, the REMIC V Regular Interest will be designated the “regular interest” in such REMIC.

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

• Additionally, the Class X Certificates represent the obligation to make certain payments of Basis Risk Carry Forward Amounts to Holders of LIBOR Certificates, and the LIBOR Certificates represent the obligation to make certain payments to the Class X Certificateholder to the extent that the interest accrued on its corresponding REMIC V Regular Interest is in excess of the interest accrued on such LIBOR Certificate.

• The Supplemental Interest Trust shall hold the Swap Agreement, the Swap Administration Agreement, the Swap Account and REMIC V Regular Interest IO.

• The REMIC V Regular Interest IO shall be designated as the "regular interest" and the Class R-V Certificates shall be designated as the sole class of "residual interests" in REMIC V.

• For federal income tax purposes, such amounts paid to the Supplemental Interest Trust Account on each Distribution Date shall first be deemed paid to the Supplemental Interest Trust Account in respect of REMIC V Regular Interest IO to the extent of the amount distributable on such REMIC V Regular Interest IO on such Distribution Date, and any remaining amount shall be deemed paid to the Supplemental Interest Trust Account in respect of the SB-AM Swap Agreement.

• Such amounts shall be deemed distributed by REMIC V in respect of REMIC V Regular Interest IO for deposit into the Swap Account.

More Definitions of REMIC V Regular Interest

REMIC V Regular Interest. Any “regular interest” in REMIC V the ownership of which is represented by a Class C Certificate.

REMIC V Regular Interest. As defined in Section 2.07.

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

REMIC V Regular Interest. Any of the Regular Interests in REMIC V the ownership of which is represented by the Certificates (other than the Class CE Certificates and Class P Certificates), the Class CE Interest, Class P Interest, the Class SWAP-IO Interest and the Class A-2B1 Swap-IO Interest.

REMIC V Regular Interest. Any of the separate non-certificated beneficial ownership interests in REMIC V issued hereunder and designated as a Regular Interest in REMIC V. Each REMIC V Regular Interest shall accrue interest at the related Uncertificated REMIC V 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 V Regular Interests are set forth in the Preliminary Statement hereto. The REMIC V Regular Interests consist of REMIC V Regular Interest III-1-A through REMIC V Regular Interest III-72-B as designated in the Preliminary Statement hereto.

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