Uncertificated REMIC Regular Interests definition

Uncertificated REMIC Regular Interests. The 441 uncertificated partial undivided beneficial ownership interests in the Trust Fund, each relating to a Non-Discount Mortgage Loan, each having no principal balance and each bearing interest at the respective Uncertificated Pass-Through Rate on the respective Uncertificated Notional Amount.

Uncertificated REMIC Regular Interests. The218 uncertificated partial undivided beneficial ownership interests in the Trust Fund, each relating to a Mortgage Loan with a Net Mortgage Rate in excess of 6.000%, each having no principal balance and each bearing interest at the respective Uncertificated Pass-Through Rate on the respective Uncertificated Notional Amount. UNDERWRITERS: Greenwich Capital Markets, Inc. and Banc of America Securities LLC.

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

• The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in the REMIC other than the Certificates and the Uncertificated REMIC Regular Interests.

• The Company, as of the Closing Date, and concurrently with the execution and delivery hereof, does hereby assign without recourse all the right, title and interest of the Company in and to the Uncertificated REMIC Regular Interests to the Trustee for the benefit of the Holders of each Class of Certificates (other than the Class R-I Certificates and Class R-II Certificates, and with respect to the REMIC III Regular Interests SB-IO, SB-PO and IO, the Class R-III Certificates).

• The Trustee acknowledges receipt of the Uncertificated REMIC Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit of all present and future Holders of each Class of Certificates (other than the Class R-I Certificates and Class R-II Certificates, and with respect to the REMIC III Regular Interests SB-IO, SB-PO and IO, the Class R-III Certificates).

• None of the Uncertificated REMIC Regular Interests will be certificated.

More Definitions of Uncertificated REMIC 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.

Uncertificated REMIC Regular Interests. The 1,646 uncertificated partial undivided beneficial ownership interests in the Trust Fund numbered sequentially from 1 through 1,646, 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 Spread Rate for the related Mortgage Loan.

Uncertificated REMIC Regular Interests. The interests identified in the table below, each representing an undivided beneficial ownership interest in the REMIC, and having the following characteristics:

Uncertificated REMIC Regular Interests. REMIC I Regular Interest X, REMIC I Regular Interest Y, REMIC I Regular Interest Z and REMIC I IO Regular Interests. Underwriters: Xxxxxxx, Xxxxx & Co. and Residential Funding Securities Corporation.

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

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. REMIC I Regular Interest U, 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. Underwriters: Deutsche Bank Securities Inc. and Bear, Xxxxxxx & Co. Inc.