REMIC III Interests definition

REMIC III Interests. The REMIC III Regular Certificates and the Class R-III Certificates.

REMIC III Interests means, collectively, the REMIC III Regular Interests and the REMIC III Residual Interest.

REMIC III Interests. The REMIC III Regular Interests and Component III of the Class R Certificates. REMIC III Net Deferred Interest: Net Deferred Interest for any Distribution Date shall be allocated to the REMIC III Regular Interests to the same extent that Net Deferred Interest is allocated to the Class of Certificates bearing the same designation, except that any Net Deferred Interest allocated to a Class of Class I-A Certificates or Class I-B Certificates in respect of interest accrued thereon at a Pass-Through Rate in excess of the Modified Net Rate Cap, if applicable, shall instead be allocated to REMIC III Regular Interest I-B-IO-I. REMIC III Regular Interest: Any of the separate beneficial ownership interests in REMIC III set forth in Section 5.01(c) and issued hereunder and designated as a "regular interest" in REMIC III. Each REMIC III Regular Interest (other than REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) shall accrue interest at the Pass-Through Rate for the Class of Certificates bearing the same designation specified in Section 5.01(c), modified as provided in the footnotes of the REMIC III table, if applicable. REMIC III Regular Interest I-B-IO-I shall accrue interest at the Class I-B-IO Pass-Through Rate. REMIC III Regular Interest II-B-IO-I shall accrue interest at the Class II-B-IO Pass-Through Rate. REMIC III Regular Interests I-B-IO-P and II-B-IO-P shall accrue no interest. Each REMIC III Regular Interest (other than REMIC III Regular Interests I-B-IO-I and II-B-IO-I) shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to the Current Principal Amount of the Class of Certificates bearing the same designation as set forth in Section 5.01(c). The designations for the respective REMIC III Regular Interests are set forth in Section 5.01(c).

Examples of REMIC III Interests in a sentence

• Such election will be made on Form 1066 or other appropriate federal tax or information return or any appropriate state return for the taxable year ending on the last day of the calendar year in which the REMIC III Interests are issued.

• The Trustee and the Certificate Administrator shall not permit the creation of any “interests” (within the meaning of Section 860G of the Code) in any of the REMIC Pools other than the REMIC I Interests, the REMIC II Interests and the REMIC III Interests.

• The Class A-I, Class A-II, Class A-III, Class A-IV, (excluding the Class A-I-IO, Class A-III-IO and Class A-IV-IO Certificates) Class M, Class B Certificates and each of the Uncertificated Class A-I-IO REMIC III Interests, Uncertificated Class A-III-IO REMIC III Regular Interests and Uncertificated Class A-IV-IO REMIC III Regular Interest shall be designated as the "regular interests" in REMIC III and the Class R-III Certificates shall be designated the sole class of "residual interests" in REMIC III.

• Net Prepayment Shortfalls and Excess Losses shall be allocated among the Classes of REMIC III Interests in the same manner that such items are allocated among the Corresponding Classes of Certificates or Components.

• REMIC Interest: Any of the REMIC I, REMIC II and REMIC III Interests.

More Definitions of REMIC III Interests

REMIC III Interests. The REMIC III Regular Interests and Component III of the Class R Certificates. REMIC III Regular Interest: Any of the separate non-certificated beneficial ownership interests in REMIC III set forth in Section 5.01(c)(iii) and issued hereunder and designated as a "regular interest" in REMIC III. Each REMIC III Regular Interest shall accrue interest at the Uncertificated Pass-Through Rate specified for such REMIC III Interest in Section 5.01(c)(iii), 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 as set forth in Section 5.01(c)(iii). The designations for the respective REMIC III Regular Interests are set forth in Section 5.01(c)(iii).

REMIC III Interests. As defined in Section 2.09 hereof.

REMIC III Interests. The REMIC III Regular Interests and the Class II-R-1 Certificates. REMIC III Regular Interests: REMIC III Regular Interest 1-Sub, REMIC III Regular Interest 2-Sub, REMIC III Regular Interest X, REMIC III Regular Interest PO, REMIC III Regular Interest P, REMIC III Regular Interest 1-ZZZ, REMIC III Regular Interest 2-ZZZ, REMIC III Regular Interest II-R-2 and REMIC III Regular Interest II-R-3.

REMIC III Interests. The REMIC III Regular Interests and Component III of the Class R Certificates. REMIC III Net Deferred Interest: Net Deferred Interest for any Distribution Date shall be allocated to the REMIC III Regular Interests to the same extent that Net Deferred Interest is allocated to the Related Class or Classes of Certificates, except that any Net Deferred Interest allocated to a Class of Certificates in respect of interest accrued thereon at a Pass-Through Rate in excess of the Modified Net Rate Cap, if applicable, shall instead be allocated to REMIC III Regular Interest B-IO-I.

REMIC III Interests. The REMIC III Regular Interests and the Class R-III Certificates. REMIC III Group I Regular Interests: REMIC III Regular Interests I-0X-0, X-0X-0, X-0X-0, X-0X-0, X-X-x, X-X-0, X-X-0, X-X-0, I-B-5 and I-B-6. REMIC III Group II Regular Interests: II-1A-1, II-1A-2, IX-0X-0, XX-0X-0, X-XX, XX-X-0, XX-X-0, XX-X-0, XX-X-0, XX-X-0 and II-B-6.

REMIC III Interests. The REMIC III Regular Interests and the Class R-3 Interest.

REMIC III Interests. The interests issued by the Trust that represent the Regular Interests in REMIC III.