Examples of REMIC Election in a sentence

For the avoidance of doubt, if the purpose of any amendment is to add or eliminate any provisions relating to a REMIC Election, then notwithstanding any provision to the contrary contained in Section 12.1 or Section 12.2, such amendment shall not require the consent of the Noteholders or the Certificateholders.
Notwithstanding the foregoing, the Indenture Trustee will not prohibit any actions contemplated in this Indenture in the case of a REMIC Election and will reasonably cooperate with the Securities Intermediary in carrying out the events contemplated following a REMIC Election.
For the avoidance of doubt, a REMIC Election shall only be made if the conditions of Section 13.19(b) have been satisfied.
On the first day immediately after the conditions precedent to a REMIC Election (as described in Section 13.19(b)) are satisfied, the Indenture Trustee shall obtain an employee identification number on behalf of the Trust as a real estate mortgage investment conduit within the meaning of Code section 860D.
REMIC Election; Designation of Regular and Residual Interests; Tax Year .

More Definitions of REMIC Election

REMIC Election means one or more elections to classify a segregated pool of assets as a real estate mortgage investment conduit within the meaning of Code section 860D. For the avoidance of doubt, no REMIC Election shall be permitted unless the conditions precedent provided in Section 13.19(b) are satisfied.

REMIC Election. An election will be made to treat some or all of the assets of the Trust (other than the Pre-Funding Account, the Capitalized Interest Account and amounts on deposit therein) as one or more real estate mortgage investment conduits for federal income tax purposes (the "REMIC"). The Class A-1, Class A-2, Class A-3, Class A-4, Class A-IO, Class M-1, Class M-2, Class B-1, Class B-2 and Class X Certificates will be designated as "regular interests" in a REMIC. The Class R Certificates will be designated as the sole class of "residual interests" in each of the issuing REMIC, the intermediate REMIC and the pooling REMIC for federal income tax purposes.

REMIC Election. Yes. Cut-Off Date: October 1, 2006. Final Structure Due Date: October 11, 2006. Delivery of Final Prospectus (if the final structure is not delivered to the Depositor by the Final Structure Due Date): Final Structure Delivered Delivery of Final Prospectus to the Depositor to Underwriter ------------------------- ---------------------------- By October 17, 2006: One Business Day before Closing Date. By October 20, 2006: Closing Date. By October 23, 2006 or later: As determined by the Depositor, possible change of Closing Date.

REMIC Election. Three or more REMIC elections.

REMIC Election. Yes. Cut-Off Date: ___________ 1, 20___ Final Structure Due Date: ___________ ___, 20___ Distributions: Distributions will be made monthly on the 25th day of each month or the next succeeding Business Day (the "Distribution Date"). Servicing Fee (Monthly fee payable to the Servicer): [ ] % per annum (or as described in the prospectus supplement). Master Servicing Fee (Monthly fee [ ]% per annum. payable to the Master Servicer):

REMIC Election. Yes. Cut-Off Date: November 1, 2007. Distributions: Distributions will be made monthly on the 25th day of each month or the next succeeding Business Day (the "Distribution Date"). Servicing Fee (Monthly fee payable to 0.250% per annum (or as described in the Servicer): the prospectus supplement). Master Servicing Fee (Monthly fee 0.010% per annum. payable to the Master Servicer): Fixed Retained Yield: Yes.