REMIC Declaration definition

REMIC Declaration. With respect to the 800 Xxxxx Xxxxxx REMIC or the 800 Xxxxx Xxxxxx Mortgage Loan, the 800 Xxxxx Xxxxxx REMIC Declaration.
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REMIC Declaration. With respect to the Centene REMIC or the Centene Mortgage Loan, the Centene REMIC Declaration. With respect to the 1516 Motor Parkway REMIC or the 1516 Motor Parkway Mortgage Loan, the 1516 Motor Parkway REMIC Declaration. With respect to the 500 Delaware REMIC or the 500 Delaware Mortgage Loan, the 500 Delaware REMIC Declaration.
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REMIC Declaration. (a) With respect to the Alabama Hilton Portfolio REMIC or the Alabama Hilton Portfolio Mortgage Loan, the Alabama Hilton Portfolio REMIC Declaration, and (b) with respect to the Residence Inn Xxxxxxxx XXXXX or the Residence Inn Xxxxxxxx Mortgage Loan, the Residence Inn Xxxxxxxx XXXXX Declaration.
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Examples of REMIC Declaration in a sentence

  • Prior to the applicable Distribution Date, the Master Servicer shall withdraw from the Collection Account and remit to the Certificate Administrator on the applicable Master Servicer Remittance Date for deposit in the Loan REMIC Residual Distribution Account amounts deemed distributed on the Loan REMIC Residual Interest from the Loan REMIC pursuant to the related REMIC Declaration prior to the Determination Date for the applicable Collection Period.

  • The GACC MGM Grand & Mandalay Bay REMIC Declaration designates the GACC MGM Grand & Mandalay Bay REMIC Regular Interest as a “regular interest” in such MGM Grand & Mandalay Bay REMIC within the meaning of Section 860(G)(a)(1) of the Code and the GACC MGM Grand & Mandalay Bay REMIC Residual Interest as the sole class of “residual interests” in such MGM Grand & Mandalay Bay REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Amounts (other than Excess Interest) deposited into and withdrawn from the Collection Account in respect of the CREFI MGM Grand & Mandalay Bay Mortgage Loan Portion and the GACC MGM Grand & Mandalay Bay Mortgage Loan Portion shall be deemed to be distributed in respect of the related MGM Grand & Mandalay Bay Trust REMIC Regular Interest and the related MGM Grand & Mandalay Bay REMIC Residual Interest in accordance with the related REMIC Declaration.

  • Pursuant to the 000 Xxxxxx Xxxxxx Pari Passu REMIC Declaration, an election will be made by the Trustee to treat the segregated pool of assets consisting of the 000 Xxxxxx Xxxxxx Pari Passu Loan and all proceeds thereof or any real or personal property acquired with respect thereto as a REMIC (the "111 Eighth Avenue Pari Passu Loan REMIC") under the Code, other than any portion of the foregoing amounts allocable to a B Note or Serviced Companion Mortgage Loan.

  • Amounts deposited into and withdrawn from the Collection Account in respect of the 800 Xxxxx Xxxxxx Mortgage Loan shall be deemed to be distributed in respect of the Loan REMIC Regular Interest and the Loan REMIC Residual Interest in accordance with the related REMIC Declaration.

  • Amounts deposited into and withdrawn from the Collection Account in respect of any Loan REMIC Held Mortgage Loan shall be deemed to be distributed in respect of the related Loan REMIC Regular Interest and the related Loan REMIC Residual Interest in accordance with the related REMIC Declaration.

  • The “latest possible maturity date” for purposes of Code Section 860G(a)(1) of (i) each Loan REMIC Regular Interest is the date set forth in the related REMIC Declaration and (ii) the Lower-Tier Regular Interests, the Non-Vertically Retained Regular Certificates and the Class VRR Upper-Tier Regular Interest is the Rated Final Distribution Date.

  • Xxxxxxx, Chief Legal Officer E-mail: xxxxx@xx0.xxx Xxxxxx Xxxxx Xxxxxxxx & Xxxxxxx LLP 0000 Xxxxxx xx xxx Xxxxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Xxxx Xxxxxx, Xxxxxx Xxxxxxxxx E-mail: xxxxxxx@xxxxxxxxxxx.xxx; xxxxxxxxxx@xxxxxxxxxxx.xxx or to such other address or addresses as the Parties may from time to time designate in writing.

  • The Closing Date is hereby designated as the “Startup Day” of each Trust REMIC, August 17, 2022 is designated in the Centene REMIC Declaration as the Startup Day of the Centene REMIC, November 1, 2022 is designated in the 1516 Motor Parkway REMIC Declaration as the Startup Day of the 1516 Motor Parkway REMIC, and April 7, 2023 is designated in the 500 Delaware REMIC Declaration as the Startup Day of the 500 Delaware REMIC, in each case, within the meaning of Code Section 860G(a)(9).

  • Amounts deposited into and withdrawn from the Collection Account in respect of any Loan REMIC Held Mortgage Loan shall be deemed to be distributed in respect of the related Loan REMIC Regular Interest in accordance with the related REMIC Declaration.


More Definitions of REMIC Declaration

REMIC Declaration. With respect to any Loan REMIC Held Mortgage Loan, the related REMIC declaration pursuant to which the related Loan REMIC is created. Because the Trust Fund will not include any Loan REMIC Held Mortgage Loan as of the Closing Date, there will be no REMIC Declaration. Accordingly, all references in this Agreement to “REMIC Declaration” shall be disregarded.
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REMIC Declaration. As defined in the Preliminary Statement.
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Related to REMIC Declaration

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, 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.

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

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • 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.

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

  • Upper-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Upper-Tier REMIC and evidenced by the Class R Certificates.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

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

  • Lower-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Lower-Tier REMIC and evidenced by the Class R Certificates.

  • Class R Certificates All Certificates bearing the class designation of "Class R".

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Lower Tier REMIC Interests Each of the Class LTA-1 Interest, the Class LTA-2A Interest, the Class LTA-2B Interest, the Class LTA-2C Interest, the Class LTA-2D Interest, the Class LTM-1 Interest, the Class LTM-2 Interest, the Class LTM-3 Interest, the Class LTM-4 Interest, the Class LTM-5 Interest, the Class LTM-6 Interest, the Class LTB-1 Interest, the Class LTB-2 Interest, the Class LTB-3 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest, the Class LT-IO Interest and the Class LTR Interest.

  • 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.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • 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.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Lower-Tier REMIC As described in the Preliminary Statement.

  • Master REMIC As described in the Preliminary Statement.

  • Upper-Tier REMIC As described in the Preliminary Statement.

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

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