Underlying REMIC Certificates definition

Underlying REMIC Certificates. The REMIC Certificates held in the Trust and evidencing beneficial interests in the REMIC Trust. US Bank: U.S. Bank National Association, a national banking association. ARTICLE II The Trust

Underlying REMIC Certificates. The REMIC Certificates held in the Trust and evidencing beneficial interests in the REMIC Trust.

Underlying REMIC Certificates. The Xxxxxx Mae Guaranteed REMIC Pass-Through Certificates held in the Lower Tier REMIC and identified in the Mortgage Security Schedule.

Examples of Underlying REMIC Certificates in a sentence

• Xxxxxx Mae, acting in its capacity as Trustee, acknowledges the transfer and assignment to it of the Underlying REMIC Certificates and hereby declares that it will hold the same in trust for the Certificateholders on the terms in this Trust Agreement contained.

• Xxxxxx Xxx, acting in its corporate capacity, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Mae, acting in its capacity as Trustee, all of Xxxxxx Mae’s right, title and interest in and to the Underlying REMIC Certificates, including all payments of principal and interest thereon received after the month of the Issue Date.

• In the event that there shall be any matter arising under the REMIC Trust Agreement that requires the vote of holders of certificates outstanding thereunder, the Trustee as the holder of the related Underlying REMIC Certificates shall vote such Underlying REMIC Certificates in such amounts and proportions as shall reflect instructions received from Holders of Certificates of the related Class or Classes.

• In the event that there shall be any matter arising under the REMIC Trust Agreement that requires the vote of holders of certificates outstanding thereunder, the Trustee as the holder of the related Underlying REMIC Certificates shall not vote such Underlying REMIC Certificates except upon direction to do so from Holders of Certificates of the related Class or Classes.

• Xxxxxx Xxx, acting in its capacity as Trustee, acknowledges the transfer and assignment to it of the Underlying REMIC Certificates and hereby declares that it will hold the same in trust for the Certificateholders on the terms in this Trust Agreement contained.

More Definitions of Underlying REMIC Certificates

Underlying REMIC Certificates. The Xxxxxx Mae Guaranteed REMIC Pass-Through Certificates and Xxxxxx Xxx Guaranteed Grantor Trust Pass-Through Securities held in the Lower Tier REMIC and identified in the Mortgage Security Schedule.

Underlying REMIC Certificates. The REMIC Certificates held in the Trust and evidencing beneficial interests in the REMIC Trust. US Bank: U.S. Bank National Association, a national banking association. ZA Accrual Amount: As specified in the Prospectus Supplement.

Underlying REMIC Certificates. With respect to any Series, the REMIC certificates designated on the related Schedule of Underlying Certificates and held in the related Trust Fund and evidencing beneficial interests in the applicable REMIC Trust.

Underlying REMIC Certificates. The following Classes of Certificates, issued hereunder in uncertificated form to the Exchange Trustee: Class 1-A1 and Class 1-A2. Underwriter: Xxxxxx Brothers Inc.

Underlying REMIC Certificates. The following Classes of Certificates, issued hereunder in uncertificated form to the Exchange Trustee: Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10 and Class 2-A11. Underwriter: Xxxxxx Brothers Inc.

Underlying REMIC Certificates. The REMIC Certificates held in Lower Tier REMIC I and identified in the Mortgage Security Schedule.

Underlying REMIC Certificates. Each of the rights with respect to each following Class of Certificates, issued hereunder in uncertificated form to the Exchange Trustee (such rights determined for this purpose as if no Exchangeable Certificates existed): Class 2-A3, Class 3-A2, Class 2-A4 and Class 3-A3 Certificates. Underwriter: Xxxxxx Brothers Inc.