Issuing REMIC definition

Issuing REMIC. The Trust REMIC consisting of the Subaccounts.
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Issuing REMIC. If provided for in a Pooling and Servicing Agreement, the REMIC composed primarily of Regular Interests in the Pooling REMIC, together with the Distribution Account.
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Issuing REMIC. With respect to any Double REMIC Series, unless otherwise provided in the Trust Agreement, the REMIC consisting primarily of the Distribution Account and the Subaccounts of such Distribution Account.
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Examples of Issuing REMIC in a sentence

  • The Certificates in the aggregate will represent the entire beneficial ownership interest in the Trust Estate (or in the Issuing REMIC, if any).

  • In accordance with Section 10.01 of the Standard Terms, the Trustee will make an election to treat all of the assets of the Trust as two real estate mortgage investment conduits (each, a "REMIC" and, individually, the "Pooling REMIC" and the "Issuing REMIC") for federal income tax purposes.

  • The Class R Certificates are the residual interest in the Issuing REMIC.

  • The Issuing REMIC will consist of the Subaccounts designated as provided herein.

  • The Issuing REMIC will consist of the eight Subaccounts designated as provided herein.


More Definitions of Issuing REMIC

Issuing REMIC. The Trust REMIC consisting of the Subaccounts, the Class A-__ Liquidity Account and the Class B-___ Liquidity Account.
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Issuing REMIC. As described in the Preliminary Statement.
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Issuing REMIC. One of the two real estate mortgage investment conduits ------------- created with respect to the assets of the Trust, which Issuing REMIC consists of the Distribution Account and the Subaccounts.
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Issuing REMIC. With respect to any Double REMIC Series, if so provided in the Pooling and Master Servicing Agreement, the REMIC consisting primarily of Regular Interests in the Pooling REMIC.
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Issuing REMIC. The REMIC consisting primarily of the Subaccounts and the Security Account (other than amounts in the Security Account that are distributable to the Class RP Security).
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Issuing REMIC. The REMIC identified as such in the Preliminary Statement.
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Issuing REMIC shall have the meaning set forth in Section 10.12.
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