Uncertificated Regular Interests definition

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

Uncertificated Regular Interests. The REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interest SB-I-PO, the REMIC III Regular Interest SB-II-PO, the REMIC III Regular Interest SB-I-IO and the REMIC III Regular Interest SB-II-IO.

Uncertificated Regular Interests. The REMIC I Regular Interests and REMIC II Regular Interest SB-IO and REMIC II Regular Interest SB-PO. Underwriters: Banc of America Securities LLC, Bear, Stearns & Co. Inc., Greenwich Capital Markets, Inc., and GMAC RFC Securities. Undercollateralization Amount: Initially equal to approximately $504,541. With respect to any Payment Date, the amount, if any, by which the aggregate Security Balance of the Class II Notes on such Payment Date exceeds the Pool Balance of the Group II Loans as of the last day of the related Collection Period (after application of Net Principal Collections or Principal Collections, as the case may be, for such date).

Examples of Uncertificated Regular Interests in a sentence

• The purchase of all the Lower Tier REMIC 1 Uncertificated Regular Interests.

• The Lower Tier REMIC 1 Uncertificated Regular Interests may only be transferred in whole and not in part to no more than one LTURI-holder at a time who is either (1) an affiliate of the Master Servicer or (2) a trustee of a privately placed securitization.

• A registration book shall be maintained for the Certificates (and Lower Tier REMIC 1 Uncertificated Regular Interests, as the case may be) collectively.

• If such conveyance is deemed to be in respect of a loan and the trust created by this Agreement terminates prior to the satisfaction of the claims of any Person holding any Certificate or Lower Tier REMIC 1 Uncertificated Regular Interests, as applicable, the security interest created hereby shall continue in full force and effect and the Trustee shall be deemed to be the collateral agent for the benefit of such Person, and all proceeds shall be distributed as herein provided.

• The Certificateholders, by their purchase and acceptance of the Certificates or Lower Tier REMIC 1 Uncertificated Regular Interests, appoint Aurora Loan Services LLC, as Master Servicer.

More Definitions of Uncertificated Regular Interests

Uncertificated Regular Interests. The Uncertificated Lower-Tier Interests and the Uncertificated Centreville Square Interests.

Uncertificated Regular Interests. The REMIC I Regular Interests. Underwriter: Countrywide Securities Corporation.

Uncertificated Regular Interests means any of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests and REMIC IV Regular Interests.

Uncertificated Regular Interests. The REMIC I Regular Interests and the REMIC II Regular Interests. Uncertificated REMIC I Pass-Through Rate With respect to each REMIC I Regular Interest ending with the designation "A", a per annum rate equal to the weighted average Net Mortgage Rate of the Mortgage Loans multiplied by two (2), subject to a maximum rate of 8.78400%. With respect to each REMIC I Regular Interest ending with the designation "B", the greater of (x) a per annum rate equal to the excess, if any, of (i) 2 multiplied by the weighted average Net Mortgage Rate of the Mortgage Loans over (ii) 8.78400% and (y) 0.00000%. With respect to REMIC I Regular Interest A-I, the weighted average Net Mortgage Rate of the Mortgage Loans.

Uncertificated Regular Interests. The REMIC I Regular Interests and the REMIC II Regular Interests. Underwriters: Salomon Smith Barney Inc. and Resxxxxxxxx Xxxxixx Xxxurities Corporation. Undercollateralization Amount: Initially equal to approximately $2,499,965. With respect to any Payment Date, the amount, if any, by which the aggregate Security Balance of the Class II Notes on such Payment Date exceeds the Pool Balance of the Group II Loans as of the last day of the related Collection Period (after application of Net Principal Collections or Principal Collections, as the case may be, for such date).

Uncertificated Regular Interests. The REMIC I Regular Interests. -------------------------------- Uncertificated REMIC I Pass-Through Rate: With respect to REMIC I Regular Interest LT1 and REMIC I Regular Interest LT2, and any Distribution Date, a per annum rate equal to the Net WAC Rate; with respect to REMIC I Regular Interest LT3 and any Distribution Date, 0.00%; and with respect to REMIC I Regular Interest LT4 and any Distribution Date, a per annum rate equal to twice the Net WAC Rate.

Uncertificated Regular Interests. The REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interest SB-IO and the REMIC III Regular Interest SB-PO. Underwriters: Lehman Brothers Inc., Greenwich Xxxxxal Markets, Inc. and Residential Funding Securities Corporation.