REMIC 3 Regular Interest definition

REMIC 3 Regular Interest. The Class C Interest, Class P Interest, Class IO Interest and any “regular interest” in REMIC 3 the ownership of which is represented by a Class A Certificate or Class M Certificate.
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REMIC 3 Regular Interest. Each of the REMIC 3 Interests other than the Class LT3-R Interest.
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REMIC 3 Regular Interest. Any of the separate non-certificated beneficial ownership interests in REMIC 3 issued hereunder and designated as a Regular Interest in REMIC 3. Each REMIC 3 Regular Interest shall accrue interest at the related Uncertificated REMIC 3 Pass-Through Rate in effect from time to time, and (except for the REMIC 3 Regular Interests 1-IO and 2-IO) shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC 3 Regular Interests are set forth in the Preliminary Statement hereto. The REMIC 3 Regular Interests consist of the REMIC 3 Group 1 Regular Interests and REMIC 3 Group 2 Regular Interests.
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Examples of REMIC 3 Regular Interest in a sentence

  • Each REMIC 3 Regular Interest is hereby designated as a regular interest in REMIC 3.

  • Pursuant to each such notional principal contract, all Holders of the Offered Certificates shall be treated as having agreed to pay, on each Distribution Date, to the Holders of the Class X Certificates an aggregate amount equal to the excess, if any, of (i) the amount payable on such Distribution Date on the REMIC 3 Regular Interest corresponding to such Class of Certificates over (ii) the amount payable on such Class of Certificates on such Distribution Date (such excess, a “Class I Shortfall”).

  • Then, Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Group II Mortgage Loans for any Distribution Date shall be allocated pro rata among REMIC 3 Regular Interest LT3A-2, REMIC 3 Regular Interest LT3B-2, REMIC 3 Regular Interest LT3C-2, REMIC 3 Regular Interest LT3IIS1 and the REMIC 3 IIS2 Interests.

  • Except as otherwise provided in Sections 16.1 or 16.2 in the event that an indemnitor shall be obligated to indemnify an indemnitee pursuant to Sections 17.1 through 17.4 or any other provision of this Agreement, the indemnitor shall, upon payment of such indemnity in full, be subrogated to all rights of the indemnitee with respect to the claims to which such indemnification relates.

  • Each REMIC 3 Regular Interest is hereby designated as a regular interest in REMIC 3 for purposes of the REMIC provisions.


More Definitions of REMIC 3 Regular Interest

REMIC 3 Regular Interest. Any one of the "regular interests" in REMIC 3 described in the Preliminary Statement.
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REMIC 3 Regular Interest. Any of the Class LT3-1A Interest, Class LT3-1B Interest, the Class LT3-2A Interest, Class LT3-2B Interest, Class LT3-3A Interest, Class LT3-3B Interest, Class LT3-4A Interest, Class LT3-4B Interest, Class LT3-5A Interest, Class LT3-5B Interest and Class LT3-Z Interest.
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REMIC 3 Regular Interest. Any of the Class T3-1, Class T3-2, Class T3-3, Class T3-4 and Class T3-5 Interests.
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REMIC 3 Regular Interest. As specified in the Preliminary Statement.
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REMIC 3 Regular Interest. One of the separate non-certificated beneficial ownership interests in REMIC 3 issued hereunder and designated as a Regular Interest in REMIC 3 as set forth in the Preliminary Statement. Each REMIC 3 Regular Interest shall accrue interest at the related Uncertificated REMIC 3 Pass-Through Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance, if any, as set forth in the Preliminary Statement hereto.
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REMIC 3 Regular Interest. Any of the twenty-three certificated or uncertificated beneficial ownership interests in REMIC 3 issued hereunder, and, hereby, designated as a “regular interest” in REMIC 3, as follows: REMIC 3 Regular Interest I-A-1, I-A-2, I-A-PO, I-A-X, IX-X-0, XX-X-0, XX-X-0, XX-X-0, II-A-PO, II-A-X, IXX-X-0, XXX-X-0, XXX-X-0, XXX-X-0, XXX-X-0, III-A-PO, III-A-X, B-0, X-0, X-0, X-0, X-0 and B-6. Each of the REMIC 3 Regular Interest I-X-0, X-X-0, XX-X-0, XXX-X-0, B-0, X-0, X-0, X-0, B-5 and B-6 shall be certificated, as such. Each of the REMIC 3 Regular Interests identified in the table below shall not be certificated (an “Uncertificated REMIC 3 Regular Interest”), rights therein shall be evidenced by the related class of Exchangeable and Exchanged Certificates, as applicable, and shall have the following characteristics:
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REMIC 3 Regular Interest. “: Any Class A Certificate (other than the Class 5-A-X Certificate), REMIC 3 Regular Interest Component or Class B Certificate. “REMIC 3 Regular Interest Components “: Class 5-A-X-1 Component, Class 5-A-X-2 Component, Class 5-A-X-3 Component, Class 5-A-X-4 Component, Class 5-A-X-5 Component, Class 5-A-X-6 Component and Class 5-A-X-7 Component. Each of the REMIC 3 Regular Interest Components will be uncertificated and shall be beneficially owned by the Holder of any Class 5-A-X Certificate. Each of the REMIC 3 Regular Interest Components will have a Pass-Through Rate and Notional Amount as provided for in the definition of “Pass-Through Rate” and “Notional Amount” herein. Each of the REMIC 3 Regular Interest Components are not entitled to distributions of principal.
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