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.

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.

Loan REMIC Residual Interest. The 800 Xxxxx Xxxxxx REMIC Residual Interest.

Examples of Loan REMIC Residual Interest in a sentence

• Prior to the applicable Distribution Date, the Master Servicer shall withdraw from the Collection Account and remit to the Certificate Administrator on the applicable Master Servicer Remittance Date for deposit in the Loan REMIC Residual Distribution Account amounts deemed distributed on the Loan REMIC Residual Interest from the Loan REMIC pursuant to the related REMIC Declaration prior to the Determination Date for the applicable Collection Period.

• The Certificate Administrator shall, on any Distribution Date, make withdrawals from the Loan REMIC Residual Distribution Account to the extent required to make the distributions in respect of the Loan REMIC Residual Interest required by Section 4.01(m).

• 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.

• Amounts deemed distributed in respect of the Loan REMIC Regular Interest shall be deposited in the Lower-Tier Distribution Account, and amounts deemed distributed in respect of the Loan REMIC Residual Interest shall be deposited into the Loan REMIC Residual Distribution Account to be distributed to the Class R Certificates as set forth in Section 4.01(m) or the Excess Liquidation Proceeds Reserve Account, as applicable.

• Amounts deposited into and withdrawn from the Collection Account in respect of the 800 Xxxxx Xxxxxx Mortgage Loan shall be deemed to be distributed in respect of the Loan REMIC Regular Interest and the Loan REMIC Residual Interest in accordance with the related REMIC Declaration.

More Definitions of Loan REMIC Residual Interest

Loan REMIC Residual Interest. With respect to the Centene REMIC Regular Interest or the Centene Mortgage Loan, the Centene REMIC Residual Interest. With respect to the 1516 Motor Parkway REMIC Regular Interest or the 1516 Motor Parkway Mortgage Loan, the 1516 Motor Parkway REMIC Residual Interest. With respect to the 500 Delaware REMIC Regular Interest or the 500 Delaware Mortgage Loan, the 500 Delaware REMIC Residual Interest.

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 Loan 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.

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.

Loan REMIC Residual Interest. Each of the DDRA Residual Interest, the Atlanta Marriott REMIC Residual Interest and the Overland MHP REMIC Residual Interest.

Loan REMIC Residual Interest. With respect to each Loan REMIC, the residual interest identified in the related REMIC Declaration issued by such Loan REMIC.

Loan REMIC Residual Interest. Each of the Fairgrounds Square REMIC Residual Interest and the Town Square Apartments REMIC Residual Interest.

Loan REMIC Residual Interest. Each of the Geneva Crossing Residual Interest and the Xxxxx X. Xxxxxx REMIC Residual Interest.