Examples of REMIC 1B in a sentence
The following table irrevocably sets forth the designation, the Uncertificated REMIC 1B Pass-Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 1B Regular Interests.
REMIC 1A and REMIC 1B will issue uncertificated REMIC regular interests (collectively, the "REMIC 1 Regular Interests").
The Class R-1A Interest will represent the single Class of "residual interest" in REMIC 1A and the Class R-1B Interest will represent the single Class of "residual interest" in REMIC 1B.
The REMIC 1B Regular Interests will represent the “regular interests” in REMIC 1B, and the Class R1B Interest will represent the single Class of “residual interest” in REMIC 1B.
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