REMIC definition

REMIC. A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code.

REMIC shall have the meaning assigned to such term in Section 5(d).

REMIC shall have the meaning assigned to such term in Section 2(f).

Examples of REMIC in a sentence

• No Mortgage Loan that is secured by more than one Mortgaged Property or that is a Crossed Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to a partial condemnation, other than in compliance with the loan-to-value ratio and other requirements of the REMIC Provisions.

• Promptly after such acquisition of title, the Special 134 Servicer shall consult with counsel to determine when an Acquisition Date shall be deemed to occur under the REMIC Provisions with respect to such Property, the expense of such consultation being treated as a reimbursable expense of the Special Servicer related to the foreclosure.

• The Class LT-R Interest will constitute the sole Class of “residual interests” in the Lower-Tier REMIC created hereunder and will be evidenced by the Class R Certificates.

• The Class UT-R Interest will constitute the sole class of “residual interests” in the Upper-Tier REMIC created hereunder, and will be evidenced by the Class R Certificates.

• The Class R Certificateholders, by acceptance of the Class R Certificates, agree, on behalf of themselves and all successor holders of such Class R Certificates, to the irrevocable designation of the Certificate Administrator as the “partnership representative” of each Trust REMIC within the meaning of Section 6223 of the Code (to the extent such provision is applicable to the Trust REMICs).

More Definitions of REMIC

REMIC. Each pool of assets in the Trust Fund designated as a REMIC as described in the Preliminary Statement.

REMIC. 2 Regular Interest MT-A4..........................................................................33 REMIC 2 Regular Interest MT-M1..........................................................................33 REMIC 2 Regular Interest MT-B...........................................................................33 REMIC 2 Regular Interest MT-ZZ..........................................................................33 REMIC 2 Regular Interest MT-IO..........................................................................34 REMIC 2 Regular Interest MT-J...........................................................................34 REMIC 2 Regular Interest MT-P...........................................................................34 REMIC 2 Regular Interests...............................................................................34

REMIC. A "real estate mortgage investment conduit" as defined in Code Section 860D. "The REMIC" means the REMIC constituted by the Trust Estate.

REMIC. A "real estate mortgage investment conduit" within the meaning of section 860D of the Code. References herein to "the REMICs" or "a REMIC" shall mean any of (or, as the context requires, all of) the SWAP REMIC, the Lower Tier REMIC and the Upper Tier REMIC.

REMIC. II Regular Interest II-LT2...............................................................37 REMIC II Regular Interest II-LT3...............................................................37 REMIC II Regular Interest II-LT4...............................................................38 REMIC II Regular Interest II-LT5...............................................................38 REMIC II Regular Interest II-LT6...............................................................38 REMIC II Regular Interest II-LT7...............................................................38 REMIC II Regular Interest II-LT8...............................................................38 REMIC II Regular Interest II-LT9"..............................................................38 REMIC II Regular Interest II-LTP...............................................................39 REMIC II Regular Interest II-LT2S..............................................................39 REMIC II Regular Interest II-LT3S..............................................................39 REMIC II Regular Interest II-LT4S..............................................................39 REMIC II Regular Interest II-LT5S..............................................................39 REMIC II Regular Interest II-LT6S..............................................................39 REMIC II Regular Interest II-LT7S..............................................................39 REMIC II Regular Interest II-LT8S..............................................................39

REMIC. II Regular Interest II-LT4S..............................................................37 REMIC II Regular Interest II-LT5S..............................................................37

REMIC. A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code. As used herein, the term "REMIC" shall mean REMIC I, REMIC II or REMIC III.