REMIC Certificate definition

REMIC Certificate. Each Class of Certificates or Certificate, as applicable, issued by REMIC UT pursuant to Section 2.03 and the Class RC and Class R Certificates.
REMIC Certificate. Any REMIC Regular Certificate or Residual Certificate, as applicable.
REMIC Certificate means any certificates issued by or on behalf of any REMIC formed by the Borrower or any of its Subsidiaries representing an interest in a mortgage portfolio held by or on behalf of such REMIC.

Examples of REMIC Certificate in a sentence

  • Moreover, if as a result of a proposed exchange, a Certificateholder would hold a REMIC Certificate or RCR Certificate of a Class in an amount less than the applicable minimum denomination for that Class, the Certificateholder will be unable to effect the proposed exchange.

  • All payments made on any REMIC Certificate on any Payment Date shall be applied first to any interest payable thereon on such Payment Date, then to any accrued interest that has been added to the principal thereof and then to the original principal thereof, unless otherwise specified in the related Terms Supplement.

  • The Administrator and/or its designated agent shall furnish, at such times as required by applicable law, to each Holder of a REMIC Certificate such information as the Administrator deems necessary or desirable to enable Holders and beneficial owners of REMIC Certificates to prepare their United States federal income tax returns, if applicable.

  • On the related Startup Day and upon payment to the Depositor for any REMIC Certificate or MACR Certificate by a Holder, such Holder shall, by virtue thereof, acknowledge, accept and agree to be bound by all of the terms and conditions of this Agreement.

  • Unless the certificate of authentication hereon has been executed by or on behalf of the Certificate Registrar by manual or facsimile signature, this R Class REMIC Certificate shall not be entitled to any benefit under the Trust Agreement or be valid for any purpose.


More Definitions of REMIC Certificate

REMIC Certificate does not include the Lower Tier Regular Interests or the Upper Tier Regular Interests.
REMIC Certificate. Any Certificate, other than a Class R Certificate.
REMIC Certificate. A Xxxxxx Mae Guaranteed REMIC Pass-Through Certificate, in the case of the Group 1, Group 2, Group 3 and Group 4 Classes, issued in book-entry form and maintained in the name of a record owner as an entry on the books of a Reserve Bank under a designation specifying the Class and denomination thereof; and, in the case of the Residual Certificates, issued in fully registered, certificated form as authorized by this Trust Agreement. The term “REMIC Certificate” does not include the Lower Tier Regular Interests or the Middle Tier Regular Interests.
REMIC Certificate does not include the Lower Tier Regular Interests or the Non-Offered Notional Class.
REMIC Certificate. Any Certificate of the Group 2 Classes.
REMIC Certificate. Individually and collectively, the Class R-1 Certificates or the Class R-2 Certificates.
REMIC Certificate. Any of a REMIC I Certificate, REMIC II Certificate, REMIC III Certificate or REMIC IV Certificate.