Common use of REMIC Clause in Contracts

REMIC. A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code. Remittance Date: The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of any calendar month.

Appears in 78 contracts

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-7), Subservicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc6), Servicing Agreement (Thornburg Mortgage Securities Trust 2004-2)

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REMIC. A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code. Remittance Date: The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of any calendar month.

Appears in 56 contracts

Samples: Servicing Agreement (Structured Asset Securities Corp. 2005-15), Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Ce Se 2003-12xs), Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-1)

REMIC. A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code. Remittance Date: The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of any calendar month.

Appears in 10 contracts

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc2), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002 Bc4), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1)

REMIC. A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code. Remittance Date: The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of any calendar month.

Appears in 9 contracts

Samples: Servicing Agreement (Structured Asset Sec Corp Thornburg Mort Sec Trust 2003 6), Servicing Agreement (Structured Asset Securities Corp Thorn Mort Sec Tr 2003-3), Servicing Agreement (Greenwich Capital Acceptance Thornburg Sec Tr 2003-4)

REMIC. A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code. Remittance Date: The 18th day (or if such 18th day is not a Business Day, the first immediately preceding Business Day immediately followingDay) of any calendar month.

Appears in 3 contracts

Samples: Servicing Agreement (MASTR Alternative Loan Trust 2006-3), Servicing Agreement (MASTR Alternative Loan Trust 2006-1), Servicing Agreement (MASTR Asset Securitization Trust 2006-3)

REMIC. A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code. Remittance Date: The 18th [___] day (or if such 18th [___] day is not a Business Day, the first Business Day immediately following) of any calendar month.

Appears in 3 contracts

Samples: Servicing Agreement (Structured Asset Securities Corp), Servicing Agreement (Structured Asset Securities Corp), Servicing Agreement (Structured Asset Securities Corp)

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REMIC. A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code. Remittance Date: (a) The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately followingpreceding such 18th day) of any calendar month, beginning with the First Remittance Date with respect to each Mortgage Loan Package, and (b) the Servicing Transfer Date.

Appears in 2 contracts

Samples: Flow Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-6), Flow Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-3)

REMIC. A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code. Remittance Date: The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately followingpreceding such 18th day) of any calendar month, beginning with the First Remittance Date with respect to each Mortgage Loan Package.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Sequoia Mortgage Trust 2007-1)

REMIC. A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code. Remittance DateREMITTANCE DATE: The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of any calendar month. REO DISPOSITION: The final sale by the Servicer of any REO Property.

Appears in 1 contract

Samples: Servicing Agreement (Banccap Asset Securization Issuance Corp)

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