SWAP REMIC Interests definition

SWAP REMIC Interests. Each of the interests in the SWAP REMIC as set forth in the Preliminary Statement.
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SWAP REMIC Interests. Any one of the classes of SWAP REMIC Interests described in the Preliminary Statement hereto.
Sample 1Sample 2Sample 3
SWAP REMIC Interests. Each of the interests in the SWAP REMIC as set forth in Section 2.04.
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Examples of SWAP REMIC Interests in a sentence

  • Each of the SWAP REMIC Interests other than the Class SW-R Interest.

  • The SWAP REMIC shall hold as assets all property of the Trust Fund, other than the SWAP REMIC Interests, the Lower-Tier REMIC Interests and the assets described in clauses (ii), (iii) and (iv) above.

  • The SWAP REMIC shall hold as assets all property of the Trust Fund related to Mortgage Pool II, other than the SWAP REMIC Interests, the Lower-Tier II REMIC Interests and the assets described in clauses (ii) and (iii) above.

  • The SWAP REMIC shall hold as assets all property of the Trust Fund related to Mortgage Pool 1 other than the SWAP REMIC Interests, the Lower-Tier I REMIC Interests and the assets described in clauses (ii), (iii) and (iv) above.


More Definitions of SWAP REMIC Interests

SWAP REMIC Interests. Not applicable.
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SWAP REMIC Interests. Each of the interests in the SWAP REMIC as set forth in the Preliminary Statement. SWAP REMIC Regular Interests: Each of the SWAP REMIC Interests other than the Class SWR Interest.
Sample 1

Related to SWAP REMIC Interests

  • Lower Tier REMIC Interests Each of the Class LTA-1 Interest, the Class LTA-2A Interest, the Class LTA-2B Interest, the Class LTA-2C Interest, the Class LTA-2D Interest, the Class LTM-1 Interest, the Class LTM-2 Interest, the Class LTM-3 Interest, the Class LTM-4 Interest, the Class LTM-5 Interest, the Class LTM-6 Interest, the Class LTB-1 Interest, the Class LTB-2 Interest, the Class LTB-3 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest, the Class LT-IO Interest and the Class LTR Interest.

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

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

  • REMIC I Assets All of the Mortgage Pool Assets.

  • Subsidiary REMIC Interest Any one of the Subsidiary REMIC Interests or the SR-A-R Interest.

  • REMIC II Assets The REMIC I Regular Interests.

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

  • REMIC 4 The segregated pool of assets consisting of the Class C Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class C Certificates and the Class R-X Certificates (in respect of the Class R-4 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

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

  • REMIC V The segregated pool of assets consisting of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class P Certificates and the Class RX Certificate (in respect of the Class R-5 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC 2 As described in the Preliminary Statement.

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.

  • REMIC VI The segregated pool of assets consisting of the Class IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of REMIC VI Regular Interest IO and the Class RX Certificate (in respect of the Class R-6 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC I Certificates The Class R-I Certificates.

  • REMIC Swap Rate For each Distribution Date (and the related Accrual Period), a per annum rate equal to the product of: (i) the “Rate of Payment (%)” under the Swap Agreement for such Distribution Date, as set forth in Annex D to the Prospectus Supplement, (ii) 2, and (iii) the quotient of (a) the actual number of days in the related Accrual Period divided by (b) 30.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

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

  • Lower Tier Interest As described in the Preliminary Statement.

  • 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 Certificate Any Regular Certificate or Class R Certificate.

  • Uncertificated REMIC I Regular Interests The Uncertificated REMIC I Regular Interests Z together with the interests identified in the table below, each representing an undivided beneficial ownership interest in REMIC I, and having the following characteristics:

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Lower-Tier REMIC As described in the Preliminary Statement.

  • Upper-Tier REMIC As described in the Preliminary Statement.

  • REMIC III CERTIFICATES has the meaning set forth in the final paragraph of the Preliminary Statement hereto.

  • Uncertificated Lower-Tier Interests Any of the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF and Class LNR Uncertificated Interests.