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

• Xxxxxx Xxx hereby declares its intent that each Trust formed hereunder shall constitute, and the affairs of each Trust shall be conducted so as to qualify as, a REMIC pursuant to Section 860D of Subchapter M of Chapter 1 of the Code.

• We will elect to treat each REMIC Pool as a REMIC under the Code.

• Moreover, if as a result of a proposed exchange, a Certificateholder would hold a REMIC Certificate or RCR Certificate of a Class in an amount less than the applicable minimum denomination for that Class, the Certificateholder will be unable to effect the proposed exchange.

• Holders of interests in a REMIC remain tax- able on such interests or on the income from such interests.

• The Regular Securities generally will be treated as “regular interests” in a REMIC for domestic build- ing and loan associations and “real estate assets” for real estate investment trusts (“REITs”) as described in “Certain United States Federal Income Tax Consequences” in the Base Offering Circular.

More Definitions of a REMIC

a REMIC means either of (or, as the context requires, both of) the Lower Tier REMIC and the Upper Tier 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 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 Middle Tier REMIC, the Upper Tier REMIC, the B1 REMIC, the B2 REMIC, the B3 REMIC and the C REMIC.

a REMIC or "the REMIC" shall mean the REMIC created hereunder.

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.

a REMIC means any of or, as the context requires, all of) the Lower Tier REMIC, Middle Tier REMIC 1, Middle Tier REMIC 2 and the Upper Tier REMIC. -45- REMIC Pass-Through Rate: The Pass-Through Rate for a Class of Related Certificates calculated by replacing "Available Funds Cap" in such definition with "Adjusted Net WAC."