Uncertificated REMIC Regular Interests definition

Uncertificated REMIC Regular Interests. The 871 uncertificated partial undivided beneficial ownership interests in the Trust Fund, each relating to a particular Mortgage Loan, each having no principal balance, and each bearing interest at the respective Uncertificated Pass-Through Rate on the Uncertificated Notional Amount.

Uncertificated REMIC Regular Interests. The REMIC 1 Regular Interests and the REMIC 2 Regular Interests.

Uncertificated REMIC Regular Interests. The Uncertificated Class A-I-IO REMIC II Regular Interests and the Uncertificated Class A-IO REMIC II Regular Interests.

Examples of Uncertificated 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.

• Further, it is not intended that such conveyance be deemed to be a pledge of the Mortgage Loans and any Uncertificated REMIC Regular Interests by the Company to the Trustee to secure a debt or other obligation of the Company.

• Notwithstanding the deemed distributions on the Uncertificated REMIC Regular Interests described in this Section 10.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.02.

• The amount deemed distributable hereunder with respect to the Class A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated REMIC Regular Interests.

• Class A-V Certificates, corresponding to the following Uncertificated REMIC Regular Interests: [List numbers corresponding to the related loans and Pool Strip Rates from the Mortgage Loan Schedule].

More Definitions of Uncertificated REMIC Regular Interests

Uncertificated REMIC Regular Interests. The Uncertificated Class A-IO REMIC II Regular Interests.

Uncertificated REMIC Regular Interests. The REMIC I Regular Interests and Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component.

Uncertificated REMIC Regular Interests. The 1,116 uncertificated partial undivided beneficial ownership interests in the Trust Fund, numbered sequentially from 1 to 1,116, each relating to the particular Mortgage Loan identified by such sequential number on the Mortgage Loan Schedule, each having no principal balance, and each bearing interest at the respective Pool Strip Rate on the Stated Principal Balance of the related Mortgage Loan.

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

Uncertificated REMIC Regular Interests. The 877 uncertificated partial undivided beneficial ownership interests in the Trust Fund, each relating to a Mortgage Loan with a Net Mortgage Rate in excess of 7.75%, each having no principal balance and each bearing interest at the respective Uncertificated Pass-Through Rate on the respective Uncertificated Notional Amount. UNDERWRITER: Bear, Stearns & Co. Inc.

Uncertificated REMIC Regular Interests. REMIC I Regular Interest V, REMIC I Regular Interest W, REMIC I Regular Interest X, REMIC I Regular Interest Y, REMIC I Regular Interest Z and REMIC I IO Regular Interests. Underwriter: Bear, Stearns & Co. Inx.

Uncertificated REMIC Regular Interests. With Respect to Uncertificated REMIC Regular Interests, the Uncertificated REMIC I Regular Interests and Uncertificated REMIC II Regular Interests.