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a REMIC definition

a REMIC means any of (or, as the context requires, all of) the SWAP REMIC, the Lower Tier REMIC and the Upper Tier REMIC.
a REMIC or "the REMICs" shall mean one or all, as the context requires, of the REMICs created hereunder.
a REMIC means any of (or, as the context requires, all of) REMIC 1 and REMIC 2.

Examples of a REMIC in a sentence

  • Notwithstanding anything to the contrary contained in this Servicing Agreement, the Servicer shall not make or permit any modification, waiver or amendment of any term of any Mortgage Loan that would cause any REMIC created under the Trust Agreement to fail to qualify as a REMIC or result in the imposition of any tax under Section 860F(a) or Section 860G(d) of the Code.

  • Notwithstanding any contrary provision of this Agreement, the Trustee shall not consent to any amendment to this Agreement unless it shall have first received an Opinion of Counsel, which opinion shall not be an expense of the Trustee or the Trust Fund, to the effect that such amendment will not cause the imposition of any tax on any REMIC or the Certificateholders or cause any REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding.

  • The Master Servicer shall represent and protect the interests of the Trust Fund in the same manner as it protects its own interests in mortgage loans in its own portfolio in any claim, proceeding or litigation regarding a Mortgage Loan, and shall not make or permit any modification, waiver or amendment of any Mortgage Loan which would cause any REMIC created hereunder to fail to qualify as a REMIC or result in the imposition of any tax under Section 860F(a) or Section 860G(d) of the Code.

  • The Holder of this Certificate, by its acceptance hereof, shall be deemed to have consented to the provisions of Section 5.02 of the Agreement and to any amendment of the Agreement deemed necessary by counsel of the Depositor to ensure that the transfer of this Certificate to any Person other than a Permitted Transferee or any other Person will not cause the Trust Fund to cease to qualify as a REMIC or cause the imposition of a tax upon the REMIC.

  • All costs and expenses of compliance with this Section 4(e), to the extent that such costs and expenses relate to administration of a REMIC or to any determination respecting the amount, payment or avoidance of any tax under the REMIC Provisions or the actual payment of any REMIC tax or expense, shall be borne by each Noteholder with respect to the REMIC containing the Note owned by such Noteholder.


More Definitions of a REMIC

a REMIC or "the REMICs" shall mean one or both, as the context requires, of the REMICs created hereunder. REMIC POOL: Either of the Master REMIC or the Subsidiary REMIC.
a REMIC means either of (or, as the context requires, both of) the Lower Tier REMIC and the Upper Tier REMIC.
a REMIC each REMIC", "the REMIC", or "any REMIC" are to each REMIC established pursuant to each Series Supplement.
a REMIC means any of or, as the context requires, all of the Lower Tier REMIC, the Upper Tier REMIC, the B2 REMIC, the B3 REMIC, the B4 REMIC, the B5 REMIC, the B6 REMIC, the B7 REMIC and the C REMIC.
a REMIC means any of or, as the context requires, all of the Lower Tier REMIC, the Middle Tier REMIC and the Upper Tier REMIC.
a REMIC or "the REMIC" shall mean the REMIC created hereunder.