REMIC 8 definition

REMIC 8. The segregated pool of assets consisting of the Class C Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class C Certificates and the Class R-X Certificates (in respect of the Class R-8 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
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REMIC 8. As defined in the Preliminary Statement.
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REMIC 8. The segregated pool of assets consisting of the SWAP IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of the REMIC 8 Regular Interest Class IO and the Class R-X Certificates (in respect of the Class R-8 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
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Examples of REMIC 8 in a sentence

  • All amounts deemed distributed in respect of the REMIC 4 B-3 Interest shall be treated as received by REMIC 8 then distributed by REMIC 8 in respect of the REMIC 8 B-3 Interest.

  • For federal and state income tax purposes, the Class CE-1 Certificateholders will be deemed to be the owners of the Net WAC Rate Carryover Reserve Account and all amounts deposited into the Net WAC Rate Carryover Reserve Account shall be treated as amounts distributed by REMIC 8 to the Holders of the Class CE-1 Certificates.

  • The Class P Certificates will represent ownership of "regular interests" in REMIC 8 and will generally be treated as debt instruments of REMIC 8 and the Class R-8 Interest will constitute the sole class of "residual interests" in REMIC 8.

  • Assuming the accuracy of and compliance with the factual representations, covenants and other provisions of the Agreements without any waiver or modification thereof, for United States federal income tax purposes within the meaning of the Code in effect on the date hereof, each of REMIC 1, REMIC 2, REMIC 3, REMIC 4, REMIC 5, REMIC 6, REMIC 7 and REMIC 8 will qualify as a REMIC within the meaning of the Code.

  • All allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts to the REMIC 4 B-3 Interest shall result in similar allocations to the REMIC 8 B-3 Interest.


More Definitions of REMIC 8

REMIC 8. The segregated pool of assets consisting of all of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Regular Certificates and the Class R-X Certificate (in respect of the Class R-8 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
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REMIC 8. The segregated pool of assets consisting of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class P Certificates and the
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REMIC 8. The segregated pool of assets consisting of all of the Class CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class CE Certificates and the Class RX Certificate (in respect of the Class R-8 Interest, and all amounts deposited therein, with respect to which a separate REMIC election is to be made. REMIC 8 will not include the Yield Maintenance Agreement, the Reserve Fund, the Net WAC Rate Carryover Arrangement, the Prepayment Charges, the Servicer Prepayment Charge Payment Amounts or the Transferor Servicer Prepayment Charge Payment Amounts.
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REMIC 8 and "REMIC 9" respectively). The REMIC 9 Regular Interests represent all of the "regular interests" in REMIC 9. The REMIC 8 Regular Interests represent all of the "regular interests" in REMIC 8. The REMIC 7 Regular Interests represent all of the "regular interests" in REMIC 7. The REMIC 6 Regular Interests represent all of the "regular interests" in REMIC 6. The REMIC 5 Regular Interests represent all of the "regular interests" in REMIC 5. The REMIC 4 Regular Interests represent all of the "regular interests" in REMIC 4. The REMIC 3 Regular Interests represent all of the "regular interests" in REMIC 3. The REMIC 2 Regular Interests represent all of the "regular interests" in REMIC 2. The REMIC 1 Regular Interests represent all of the "regular interests" in REMIC 1. Each Class of Cap Carryover Certificates (other than the Class M-3, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates) represents beneficial ownership of the Corresponding REMIC 2 Regular Interest and the right to receive LIBOR Carryover Amounts. The Class M-3 Certificates represent beneficial ownership of the REMIC 4 Regular Interest and the right to receive LIBOR Carryover Amounts. The Class B-1 Certificates represent beneficial ownership of the REMIC 5 Regular Interest and the right to receive LIBOR Carryover Amounts. The Class B-2 Certificates represent beneficial ownership of the REMIC 6 Regular Interest and the right to receive LIBOR Carryover Amounts. The Class B-3 Certificates represent beneficial ownership of the REMIC 7 Regular Interest and the right to receive LIBOR Carryover Amounts. The Class B-4 Certificates represent beneficial ownership of the REMIC 8 Regular Interest and the right to receive LIBOR Carryover Amounts. For federal income tax purposes, the Class N and Class X Certificates together represent beneficial ownership of the REMIC 9 X/N Interest subject to the obligation to pay LIBOR Carryover Amounts. Each of the Class R-1 and Class R-2 Interests, represented collectively by the Class R Certificates, represents the sole Class of "residual interest" in REMIC 1 and REMIC 2, respectively, for purposes of the REMIC Provisions. Each of the Class R-3, Class R-4, Class R-5, Class R-6, Class R-7, Class R-8 and Class R-9 Interests, represented collectively by the Class R-X Certificates, represent the sole Class of "residual interest" in REMIC 3, REMIC 4, REMIC 5, REMIC 6, REMIC 7, REMIC 8 and REMIC 9, respectively, for purposes of the REMIC provisions. The REMIC 1 Regular...
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Related to REMIC 8

  • REMIC 4 The segregated pool of assets consisting of the Class C Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class C Certificates and the Class R-X Certificates (in respect of the Class R-4 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • REMIC V The segregated pool of assets consisting of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class P Certificates and the Class RX Certificate (in respect of the Class R-5 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC 3 The segregated pool of assets consisting of all of the REMIC 2 Regular Interests conveyed in trust to the Trustee, for the benefit of the Holders of the Regular Certificates and the Class R Certificate (in respect of the Class R-3 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • REMIC VI The segregated pool of assets consisting of the Class IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of REMIC VI Regular Interest IO and the Class RX Certificate (in respect of the Class R-6 Interest), with respect to which a separate REMIC election is to be made.

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

  • REMIC IV The segregated pool of assets consisting of the Class CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class CE Certificates and the Class RX Certificate (in respect of the Class R-4 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC III The segregated pool of assets consisting of all of the REMIC II Regular Interests conveyed in trust to the Trustee, for the benefit of the REMIC III Certificateholders pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • REMIC 2 As described in the Preliminary Statement.

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

  • REMIC 1 As described in the Preliminary Statement.

  • REMIC II The segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests conveyed in trust to the Trustee for the benefit of the holders of each Class of Certificates (other than the Class R-I Certificates) pursuant to Section 2.06, with respect to which a separate REMIC election is to be made.

  • REMIC Regular Interests The REMIC I Regular Interests and REMIC II Regular Interests.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

  • REMIC Regular Interest Any REMIC I Regular Interest or REMIC II Regular Interest.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • REMIC III Regular Interests The Classes of undivided beneficial interests in REMIC III designated as “regular interests” in the table titled “REMIC III Interests” in the Preliminary Statement hereto.

  • REMIC II Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a “regular interest” in REMIC II. Each REMIC II Regular Interest shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC II Regular Interests are set forth in the Preliminary Statement hereto.

  • REMIC III CERTIFICATES has the meaning set forth in the final paragraph of the Preliminary Statement hereto.

  • REMIC 2 Regular Interests One of the separate non-certificated beneficial ownership interests in REMIC 2 issued hereunder and designated as a Regular Interest in REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related Uncertificated REMIC 2 Pass-Through Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The following is a list of each of the REMIC 2 Regular Interests: REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTA1, REMIC 2 Regular Interest LTA2, REMIC 2 Regular Interest LTA3, REMIC 2 Regular Interest LTA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest LTM10, REMIC 2 Regular Interest LTZZ, REMIC 2 Regular Interest LTP and REMIC 2 Regular Interest LTIO.

  • REMIC 2 Regular Interest Each of the REMIC 2 Interests other than the Class LT2-R Interest.

  • REMIC III Regular Interest The Class CE Interest, Class P Interest, Class IO Interest or any Regular Interest in REMIC III the ownership of which is represented by any of the Class A Certificates or Class M Certificates.

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.

  • REMIC II Regular Interests The Classes of undivided beneficial interests in REMIC II designated as “regular interests” in the table titled “REMIC II Interests” in the Preliminary Statement hereto. The REMIC II Regular Interests, together with the Class R-2 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • REMIC I Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a "regular interest" in REMIC I. Each REMIC I Regular Interest shall accrue interest at the related REMIC I Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC I Regular Interests are set forth in the Preliminary Statement hereto.

  • REMIC 1 Regular Interests REMIC 1 Regular Interest LT1A, REMIC 1 Regular Interest LT1B, REMIC 1 Regular Interest LT1C, REMIC 1 Regular Interest LT1D and REMIC 1 Regular Interest LT1P.

  • REMIC 1 Regular Interest Each of the REMIC 1 Interests other than the Class LT1-R Interest.