Loan REMIC Residual Interest definition

Loan REMIC Residual Interest means, subject to Section 2.06(b), the sole uncertificated "residual interest", within the meaning of Section 860G(a)(2) of the Code, in each Loan REMIC.
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Loan REMIC Residual Interest. The sole class of "residual interests" in the Loan REMIC for purposes of the REMIC Provisions and evidenced by the Class LR Certificates.
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Loan REMIC Residual Interest. The 800 Xxxxx Xxxxxx REMIC Residual Interest.
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Examples of Loan REMIC Residual Interest in a sentence

  • The Class R Certificates will represent a beneficial interest in the Loan REMIC Residual Interest.

  • For purposes of the REMIC election in respect of the Loan REMIC, each Class of Loan REMIC Regular Interests shall be designated as the "regular interests" and the Loan REMIC Residual Interest, represented by the Class LR Certificates, shall be designated as the sole class of "residual interests" in the Loan REMIC.

  • The Component Mortgage Loan REMIC Residual Interest will represent the sole class of "residual interests" in the Component Mortgage Loan REMIC for purposes of the REMIC Provisions under federal income tax law, and will be represented by the Class R-I Certificates.

  • The Class R-EA Certificates represent ownership of the 000 Xxxxxx Xxxxxx Pari Passu Loan REMIC Residual Interest.

  • The 000 Xxxxxx Xxxxxx Pari Passu Loan REMIC Residual Interest is represented by the Class R-EA Certificate, has been designated as the sole Class of residual interests in the 000 Xxxxxx Xxxxxx Pari Passu Loan REMIC and has no Certificate Balance and no Pass-Through Rate, but is entitled to receive the proceeds of any assets remaining in the 000 Xxxxxx Xxxxxx Pari Passu Loan REMIC after the 000 Xxxxxx Xxxxxx Pari Passu Loan REMIC Regular Interest has been paid in full.


More Definitions of Loan REMIC Residual Interest

Loan REMIC Residual Interest. Each of the 1414 & 1418 K Street Loan REMIC Residual Interest, the Japan Town Center Loan REMIC Residual Interest, the Riverside on the Jxxxx Loan REMIC Residual Interest and the Storage by Gxxxxx and Napa Valley Wine Storage Loan REMIC Residual Interest, beneficial ownership of each of which shall be evidenced by the Class R Certificates.
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Loan REMIC Residual Interest. Each of the Park View Plaza REMIC Residual Interest, the 000 Xxxx Xxxxxx REMIC Residual Interest, the Fourth Avenue Marketplace REMIC Residual Interest, the GTE Plaza Shopping Center REMIC Residual Interest, the Holmead Apartments REMIC Residual Interest, the Xxxxxx Paints (Xxxxxxxx Plaza) REMIC Residual Interest and the 000 Xxxxx Xxxxxx REMIC Residual Interest.
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Loan REMIC Residual Interest means the sole class of "residual interest," within the meaning of Code Section 860G(a)(2), in each Loan REMIC. Each Loan REMIC Residual Interest shall be represented by the Class R-I Certificates and beneficially owned by the Holders of the Class R-I Certificates.
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Loan REMIC Residual Interest. Each of the Geneva Crossing Residual Interest and the Xxxxx X. Xxxxxx REMIC Residual Interest.
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Loan REMIC Residual Interest means the sole uncertificated "residual interest" (within the meaning of 860G(a)(2) of the Code) in the Loan REMIC issued pursuant to this Agreement.
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Loan REMIC Residual Interest. With respect to each Loan REMIC, the residual interest identified in the related REMIC Declaration issued by such Loan REMIC.
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Loan REMIC Residual Interest. With respect to any Loan REMIC Held Mortgage Loan, the residual interest issue by the related Loan REMIC. Because the Trust Fund will not include any REMIC Held Mortgage Loan or Loan REMIC as of the Closing Date, there will be no Loan REMIC Residual Interest. Accordingly, all references in this Agreement to “Loan REMIC Residual Interest” shall be disregarded.
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