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

• The Class I-R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein).

• With respect to any such REMIC election and the assets subject to such REMIC election, the Trustee will take any action, or cause each Trust with assets subject to such REMIC election to take any action, necessary or appropriate to establish and maintain the REMIC status of any assets with respect to which the REMIC election is made.

• The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein).

• As provided herein, the Trustee shall elect to treat the segregated pool of assets consisting of the Class II-P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IX”.

• The Prospectus for each Trust will indicate whether such a REMIC election has been or will be made.

More Definitions of REMIC

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

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

REMIC. 1 Regular Interest LT-2...........................................................................31 REMIC 1 Regular Interest LT-3...........................................................................31 REMIC 1 Regular Interest LT-4...........................................................................31 REMIC 1 Regular Interest LT-5...........................................................................31 REMIC 1 Regular Interest LT-P...........................................................................31 REMIC 1 Regular Interests...............................................................................31

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. 2 Regular Interest MT-A2..........................................................................33 REMIC 2 Regular Interest MT-A3..........................................................................33 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 means a real estate mortgage investment conduit within the meaning of Section 860D of the Code.

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.