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

• The Underlying REMIC Certificates shall be issued in uncertificated form to the Underwriter and transferred by the Underwriter to the Exchange Trustee to be held in trust pursuant to terms of the Exchange Trust Agreement.

• Upon the presentation and surrender by any Holder of its Exchange Certificates, such Holder shall hereunder transfer, assign, set over and otherwise convey to the Trustee, all of such Holder’s right, title and interest in and to the Underlying REMIC Certificates, including all payments of interest thereon received after the month of the Issue Date.

• In the event that there shall be any matter arising under the Underlying 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.

• U.S. Bank, 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.

• The Securities Administrator shall deposit in the Trust Account all distributions in respect of the Underlying REMIC Certificates received by it as Securities Administrator hereunder.

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. Z, ZC, ZM or ZN Accrual Amounts: As specified in the Prospectus Supplement.

Underlying REMIC Certificates. The following Classes of Certificates, issued hereunder in uncertificated form to the Exchange Trustee: Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6, Class 1-A7 and Class 1-A8 Certificates. Underwriter: Xxxxxx Brothers Inc.

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

Underlying REMIC Certificates. 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 A21, Class A22, Class A31 and Class A32.

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.