Examples of Middle-Tier REMIC in a sentence
Given the geography and varying population densities and characteristics of the Township, a degree of variation is acceptable.
The Lower Tier Regular Interests shall be issued as non-certificated interests and recorded on the records of the Lower Tier REMIC as being issued to and held by Xxxxxx Mae in its capacity as Trustee of the Middle Tier REMIC.
Any Lower Tier Regular Interests will be non-certificated interests and will be held in the related Upper Tier REMIC (in the case of a Two Tier Series) or in the related Middle Tier REMIC (in the case of a Three Tier Series).
The RM Class Certificate of each Three Tier Series is hereby designated as the sole “residual interest” in the related Middle Tier REMIC within the meaning of Section 860G(a)(2) of the Internal Revenue Code, and the Middle Tier Regular Interests of each such Three Tier Series are hereby designated as “regular interests” in such REMIC within the meaning of Section 860G(a)(1) of the Internal Revenue Code.
Any Series with a Lower Tier REMIC, a Middle Tier REMIC and an Upper Tier REMIC.