Issuing REMIC definition

Issuing REMIC. The Trust REMIC consisting of the Subaccounts.

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.

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.

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.

• Following the division of the Class R Certificates into two separately transferable, certificated and fully registered certificates in accordance with Section 11(b) hereof, the Class R-1 and Class R-2 Certificates shall have no Certificate Principal Balances and no Pass-Through Rates and shall represent the residual interest in the Issuing REMIC and the Pooling REMIC, respectively.

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

• In lieu of establishing such accounts, the Paying Agent may pay on each Distribution Date to the Holders of the Certificates that do not evidence interests in the Issuing REMIC the amounts that are due with respect to such Certificates.

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.

Issuing REMIC. As described in the Preliminary Statement.

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.

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).

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.

Issuing REMIC. The REMIC identified in the Preliminary Statement.

Issuing REMIC shall have the meaning set forth in Section 10.12.