Master REMIC definition

Master REMIC. As described in the Preliminary Statement.

Master REMIC. As defined in Section 1.03 of this Agreement.

Master REMIC. The pool of assets consisting of the Subsidiary Regular Interests and all payments of principal or interest on or with respect to the Subsidiary Regular Interests after the Cut-off Date.

Examples of Master REMIC in a sentence

• Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions.

• In addition, under certain circumstances relating to the qualification of either the Master REMIC or any of REMIC I, REMIC II, REMIC III or REMIC IV as a REMIC under the Code, the Mortgage Loans may be sold, thereby affecting the early retirement of the Certificates.

• In addition, under certain circumstances relating to the qualification of either the Master REMIC or any of REMIC I, REMIC II, REMIC III, REMIC IV or REMIC V as a REMIC under the Code, the Mortgage Loans may be sold, thereby affecting the early retirement of the Certificates.

• The Depositor intends to cause an election to be made to treat the pool of assets represented by the "regular interests" in the Subsidiary REMIC as a separate REMIC (the "Master REMIC").

• Each Certificate, other than the Class R Certificate, represents ownership of a regular interest in the Master REMIC for purposes of the REMIC Provisions.

More Definitions of Master REMIC

Master REMIC. The segregated group of assets consisting of the Subsidiary REMIC Regular Interests (as defined in Section 2.08 hereof) and constituting a REMIC created hereunder.

Master REMIC means one of the two separate REMICs comprising the corpus of the Trust created by this Agreement, the assets of which shall consist of the Uncertificated Subsidiary Interests and the Limited Guarantee.

Master REMIC. The REMIC established pursuant to Exhibit J hereof. The assets of the Master REMIC shall be the REMIC IV Regular Interests.

Master REMIC means the segregated pool of assets consisting of the Uncertificated Intermediate Interests, as to which a separate REMIC election is to be made.

Master REMIC means the segregated pool of assets consisting of the Subsidiary REMIC Regular Interests, with respect to which a separate REMIC election is to be made.

Master REMIC. As defined in Section 2.07.

Master REMIC. As described in the Preliminary Statement. Master Servicer: Xxxxx Fargo.