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

  • 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.

  • The parties intend that the affairs of REMIC I shall constitute, and that the affairs of REMIC I shall be conducted so as to qualify REMIC I as a REMIC.


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.
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a REMIC means either of (or, as the context requires, both of) the Lower Tier REMIC and the Upper Tier REMIC.
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a REMIC means any of or, as the context requires, all of) the Lower Tier REMIC, Middle Tier REMIC 1, Middle Tier REMIC 2, Middle Tier REMIC 3 and the Upper Tier REMIC.
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a REMIC each REMIC", "the REMIC", or "any REMIC" are to each REMIC established pursuant to each Series Supplement.
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a REMIC or "the REMIC" shall mean the REMIC created hereunder.
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a REMIC means any of (or, as the context requires, all of) the SWAP REMIC, the Lower Tier REMIC and the Upper Tier REMIC. -57- REMIC Pass-Through Rate: In the case of a Class of the Class A, Class M and Class B Certificates, the Upper Tier REMIC Net WAC Cap for the Corresponding REMIC Regular Interest.
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a REMIC means any of or, as the context requires, both of the Lower Tier REMIC and the Upper Tier REMIC. REMIC Pass-Through Rate: The Class A-1 Available Funds Cap (in the case of a Class included in Certificate Group One), the Class A-2 Available Funds Cap (in the case of a Class included in Certificate Group Two) or the Subordinated Certificate Available Funds Cap (in the case of the Subordinated Certificates).
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