Class CE REMIC definition

Class CE REMIC. As defined in the Preliminary Statement.
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Class CE REMIC. The Class CE REMIC shall issue the following classes ox xxxxxxsts. The Class CE Xxxxxxxx and the Class IO Interest shall each represent a regular interest in the Class CE REMIC and the Class R Certificate shall represent the sole class of xxxxxxxl interest in the Class CE REMIC.
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Class CE REMIC. As described in the Preliminary Statement.
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Examples of Class CE REMIC in a sentence

  • The Trustee will hold the Class CEM Interest in the Master REMIC for the benefit of the Class CE REMIC.

  • The Trustee acknowledges the issuance of the Class UT-IO Interest and Class UT-X Interest and declares that it holds such regular interests as assets of Class CE REMIC.

  • The Trustee acknowledges the issuance of the Class UT-IO Interest and Class UT-X Interest and declares that it holds such regular interests as assets of the Class CE REMIC.

  • The Trustee acknowledges the issuance of the Class UT-3 Interest, Class UT-IO Interest and Class UT-X Interest and declares that it holds such regular interests as assets of Class CE REMIC.

  • The Securities Administrator acknowledges the uncertificated Class CE REMIC 4 Regular Interest and Uncertificated Class Swap IO REMIC Rexxxxx Xxterest and declares that it holds such regular interests as assets of REMIC 5.

  • Interest on all Classes of REMIC 1 Regular Interests, REMIC 2 Regular Interests, REMIC 3 Regular Interests,, the Class Swap-IO REMIC 4 Regular Interest, the Class CE REMIC 4 Regular Interest and the Class CE Certificates will be cxxxxxxxxd on the basis of a 360 day year consisting of twelve 30 day months.

  • The Class R Certificates will represent the Class SR, Class IR and Class MR Interests, and the Class R-X Certificates will represent the residual interest in each of the Class CE REMIC, Class P REMIC and four Class B REMICs. The "latest possibxx xxxxxity date" for federal income tax purposes of all REMICs, and regular and residual interests created hereunder will be the Latest Possible Maturity Date.

  • Interest on all Classes of REMIC 1 Regular Interests, REMIC 2 Regular Interests, REMIC 3 Regular Interests, the Class Swap-IO REMIC 4 Regular Interest, the Class CE REMIC 4 Regular Interest and the Class CE Certificates will be calxxxxxxx on the basis of a 360 day year consisting of twelve 30 day months.

  • The Class R-X Certificates represent ownership of the sole class of residual interest in the Class B-1 REMIC, Class B-2 REMIC, the Class B-3 REMIC, the Class B-4 REMIC, the Class B-5 REMIC and the Class CE REMIC for purposes of the REMIC Provisions.

  • Thx xxxxxx of the Class CE REMIC will xxxxxxx of the Class CEM Interest in the Master REMIC and interests in the Class CE REMIC will xx xxxxenced by (i) the Class CE-1 Certificate, which will represent the “regular interests” in the Class CE REMIC and (xx) xxx Class CER-X Interest, which will represent the single class of “residual interest” in the Class CE REMIC.


More Definitions of Class CE REMIC

Class CE REMIC. The Class CE REMIC shall issue the following clasxxx xx xnterests. The Class CE Ixxxxxxx and the Class IO Interest shall each represent a regular interest in the Class CE REMIC and the Class R-X Certificates shall represent the Class CE-R Xxxxxxxx, the sole class of residual interest in the Class CE REMIC.
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Class CE REMIC. The Class CE REMIC shall issue the following clxxxxx xx interests. The "
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Related to Class CE REMIC

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Lower-Tier REMIC As described in the Preliminary Statement.

  • Upper-Tier REMIC As described in the Preliminary Statement.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

  • Lower Tier REMIC Interests Each of the Class LTA-1 Interest, the Class LTA-2A Interest, the Class LTA-2B Interest, the Class LTA-2C Interest, the Class LTA-2D Interest, the Class LTM-1 Interest, the Class LTM-2 Interest, the Class LTM-3 Interest, the Class LTM-4 Interest, the Class LTM-5 Interest, the Class LTM-6 Interest, the Class LTB-1 Interest, the Class LTB-2 Interest, the Class LTB-3 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest, the Class LT-IO Interest and the Class LTR Interest.

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

  • Upper-Tier REMIC Distribution Account The trust account or accounts created and maintained as a separate trust account (or separate sub-account within the same account as the Lower-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Computershare Trust Company, National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of BMO 2022-C1 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-C1, and the Uncertificated Interest Owners, Upper-Tier REMIC Distribution Account” and which must be an Eligible Account. The Upper-Tier REMIC Distribution Account shall be an asset of the Upper-Tier REMIC.

  • Lower-Tier REMIC Distribution Account The account or accounts created and maintained as a separate account (or separate sub-account within the same account as another Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Benchmark 2019-B12 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B12, Lower-Tier REMIC Distribution Account” and which must be an Eligible Account. The Lower-Tier REMIC Distribution Account shall be an asset of the Lower-Tier REMIC.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • REMIC A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • REMIC 2 Regular Interest Each of the REMIC 2 Interests other than the Class LT2-R Interest.

  • Corresponding REMIC I Regular Interest means the REMIC I Regular Interest that relates to any particular Mortgage Loan (including an REO Mortgage Loan) or Qualifying Substitute Mortgage Loan that replaces such Mortgage Loan, which REMIC I Regular Interest has the characteristics described in the Preliminary Statement.

  • REMIC 1 Regular Interest Each of the REMIC 1 Interests other than the Class LT1-R Interest.

  • REMIC I Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a "regular interest" in REMIC I. Each REMIC I Regular Interest shall accrue interest at the related REMIC I Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC I Regular Interests are set forth in the Preliminary Statement hereto.

  • Upper-Tier Regular Interest As described in the Preliminary Statement.

  • Class X-A Pass-Through Rate For any Distribution Date, the weighted average of Class X Strip Rates for the Class X-A Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Middle-Tier REMIC As described in the Preliminary Statement.