Uncertificated REMIC I Regular Interests definition
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:
Uncertificated REMIC I Regular Interests. Uncertificated REMIC I Regular Interest T, Uncertificated REMIC I Regular Interest U, Uncertificated REMIC I Regular Interest V, Uncertificated REMIC I Regular Interest W, Uncertificated REMIC I Regular Interest X, Uncertificated REMIC I Regular Interest Y, Uncertificated REMIC I Regular Interest Z and REMIC I IO Regular Interests.
Uncertificated REMIC I Regular Interests. The uncertificated partial undivided beneficial ownership interests in REMIC I, designated as REMIC I Regular Interests Y-I, Y-II, Y-III, Y-IV, Y-V, Y-VI, Z-I, Z-II, Z-III, Z-IV, Z-V and Z-VI, each having an Uncertificated Principal Balance as specified herein and bearing interest at a rate equal to the related Uncertificated REMIC I Pass-Through Rate.
More Definitions of Uncertificated REMIC I Regular Interests
Uncertificated REMIC I Regular Interests. The uncertificated partial undivided beneficial ownership interests in REMIC I, designated as REMIC I Regular Interests LT1, LT2, LT3 and LT4, each having an Uncertificated Principal Balance as specified herein and bearing interest at a rate equal to the related Uncertificated REMIC I Pass-Through Rate.
Uncertificated REMIC I Regular Interests. The uncertificated partial undivided beneficial ownership interests in REMIC I, designated as REMIC I Regular Interests Y-I, Y-II, and Y-III, Z-I, Z-II and Z-III, each having an Uncertificated Principal Balance as specified herein and bearing interest at a rate equal to the related Uncertificated REMIC I Pass-Through Rate. Uncertificated REMIC I Pass-Through Rate: With respect to REMIC I Regular Interests Y-I and Z-I, the Net WAC Rate of the Group I Loans. With respect to REMIC I Regular Interests Y-II and Z-II, the Net WAC Rate of the Group II Loans. With respect to REMIC I Regular Interests Y-III and Z-III, the Net WAC Rate of the Group III Loans.
Uncertificated REMIC I Regular Interests. The uncertificated partial undivided beneficial ownership interests in REMIC I, designated as REMIC I Regular Interest LT-1A, REMIC I Regular Interest LT-2A, REMIC I Regular Interest LT-2R, REMIC I Regular Interest LT-1P, REMIC I Regular Interest LT-2P, the Uncertificated REMIC I Group 1 IO Regular Interests and the Uncertificated REMIC I Group 2 IO Regular Interests, each having an Uncertificated Principal Balance (or Uncertificated Notional Amount) as specified herein and bearing interest at a rate equal to the related Uncertificated REMIC I Pass-Through Rate.
Uncertificated REMIC I Regular Interests. The Uncertificated partial undivided beneficial ownership interests in REMIC I, designated as Uncertificated REMIC I Regular Interests I-A, I-B, II-A, II-B, III-A, III-B, IV-A, IV-B, V-A, V-B, VI-A, VI-B, ZZZ and R-II, each having an Uncertificated Principal Balance as specified herein and bearing interest at a rate equal to the related Uncertificated REMIC I Pass-Through Rate.
Uncertificated REMIC I Regular Interests. The uncertificated partial undivided beneficial ownership interests in REMIC I, designated as REMIC I Regular Interest LT-I-SUB, REMIC I Regular Interest LT-I-ZZZ, REMIC I Regular Interest LT-II-SUB, REMIC I Regular interest LT-II- ZZZ, REMIC I Regular Interest LT-III-SUB, REMIC I Regular Interest LT-III-ZZZ, REMIC I Regular Interest LT-IV-SUB, REMIC I Regular Interest LT-IV-ZZZ, REMIC I Regular Interest LT- III-PO, REMIC I Regular Interest LT-IV-PO, REMIC I Regular Interest LT-I-IO, REMIC I Regular Interest LT-II-IO, REMIC I Regular Interest LT-III-IO and REMIC I Regular Interest LT-IV-IO, each having an Uncertificated Principal Balance (or Uncertificated Notional Amount) as specified herein and bearing interest at a rate equal to the related Uncertificated REMIC I Pass-Through Rate.
Uncertificated REMIC I Regular Interests. Z: Each of the Uncertificated REMIC I Regular Interests Z1 and Uncertificated REMIC I Regular Interests Z2.
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: 1. The principal balance from time to time of each Uncertificated REMIC I Regular Interest identified in the table below shall be the amount identified as the Initial Principal Balance thereof in such table, minus the sum of (x) the aggregate of all amounts previously deemed distributed with respect to such interest and applied to reduce the Uncertificated Principal Balance thereof pursuant to Section 10.04(a)(ii) and (y) the aggregate of all reductions in Certificate Principal Balance deemed to have occurred in connection with Realized Losses that were previously deemed allocated to the Uncertificated Principal Balance of such Uncertificated REMIC I Regular Interest pursuant to Section 10.04(d), which equals the aggregate principal balance of the Classes of Certificates identified as related to such Uncertificated REMIC I Regular Interest in such table.