Guaranteed Maturity REMIC Pool Clause Samples
The Guaranteed Maturity REMIC Pool clause defines a specific pool of mortgage-backed securities within a Real Estate Mortgage Investment Conduit (REMIC) structure that is guaranteed to mature by a predetermined date. This clause typically outlines the criteria for the inclusion of mortgage loans in the pool, the maturity date, and the obligations of the guarantor to ensure timely payment of principal at maturity. By establishing a guaranteed maturity, this clause provides certainty to investors regarding the timing of principal repayment, thereby reducing extension risk and enhancing the predictability of cash flows.
Guaranteed Maturity REMIC Pool. A REMIC Pool that includes an Underlying REMIC Class or one or more Regular Interests in a separate Guaranteed Maturity REMIC Pool. Guarantor: ▇▇▇▇▇▇▇ Mac, in its corporate capacity, as guarantor of the Certificates issued by each Trust Fund.
Guaranteed Maturity REMIC Pool. In the case of other Series (each, a “Double-Tier Series”), the REMIC Certificates will represent beneficial ownership interests in one of two or more REMIC Pools (one or more “Lower-Tier REMIC Pools” and an “Upper-Tier REMIC Pool”) or a related
Guaranteed Maturity REMIC Pool. A REMIC Pool that includes an Underlying REMIC Class or one or more Regular Interests in a separate
Guaranteed Maturity REMIC Pool. In the case of (i) a Class maintained on the Fed System, each Fed Participant whose name appears on the books and records of a Federal Reserve Bank as an entity for whose account Certificates of such Class have been deposited; (ii) a Class maintained on the DTC System, DTC or its nominee, (iii) a Retail Class, the Retail Depository or its nominee and (iv) a Residual Class or a certificated Regular Class, each entity or individual appearing on the records of the Registrar as a registered holder of that Class. ▇▇▇▇▇▇▇ Mac or its agent shall be the Holder of (i) any Lower-Tier Classes that constitute Mortgage Securities for an Upper-Tier REMIC Pool, (ii) any interests in Regular Classes that constitute a MACR Pool and (iii) any assets included in a Guaranteed Maturity REMIC Pool, unless otherwise provided in the related Terms Supplement.
Guaranteed Maturity REMIC Pool. In the case of other Series (each, a “Double-Tier Series”),
Guaranteed Maturity REMIC Pool. In the case of other Series (each, a ""Double-Tier Series''), the REMIC CertiÑcates will represent beneÑcial ownership interests in one of two or more REMIC Pools (one or more ""Lower-Tier REMIC Pools'' and an ""Upper-Tier REMIC Pool'') or a related Guaranteed Maturity REMIC Pool.