REMIC IB definition

REMIC IB. As specified in the Preliminary Statement.
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REMIC IB. The segregated pool of assets consisting of all of the REMIC IA Regular Interests conveyed in trust to the Trustee, for the benefit of REMIC IB, as holder of the REMIC IB Regular Interests, and the Class R-1B Interest pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
Sample 1
REMIC IB. The segregated pool of assets consisting of all of the REMIC IA Regular Interests conveyed in trust to the Trustee, for the benefit of the REMIC IB Regular Interests pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made. REMIC IB Regular Interests: REMIC IB Regular Interest LTI-IA1, REMIC IB Regular Interest LTI-IIA1, REMIC IB Regular Interest LTI-IIA2, REMIC IB Regular Interest LTI-IIA3, REMIC IB Regular Interest LTI-CB1, REMIC IB Regular Interest LTI-CB2, REMIC IB Regular Interest LTI-CB3, REMIC IB Regular Interest LTI-CB4, REMIC IB Regular Interest LTI-CB5, REMIC IB Regular Interest LTI-CB6, and REMIC IB Regular Interest LTI-P.
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Examples of REMIC IB in a sentence

  • One of the separate non-certificated beneficial ownership interests in REMIC IB issued hereunder and designated as a Regular Interest in REMIC IB.

  • For the purposes of the REMIC election in respect of REMIC I-B, the REMIC I-B Regular Interests shall be designated as the Regular Interests in REMIC I-B and the Class R-IB Residual Interest shall be designated as the Residual Interests in REMIC I-B.

  • The interests evidenced by the Certificates constitute the entire beneficial ownership interest in REMIC I-B and REMIC II-C.

  • Neither the Trustee nor the Trust Administrator shall permit the creation of any “interests” in REMIC I-A, REMIC I-B or REMIC I-C (within the meaning of Section 860G of the Code) other than the REMIC I-A Regular Interests, REMIC I-B Regular Interests and the Group 1 Certificates.

  • Neither the Trustee nor the Trust Administrator shall permit the creation of any “interests” in REMIC I-A or REMIC I-B (within the meaning of Section 860G of the Code) other than the REMIC I-A Regular Interests and the Group I Certificates.

  • Upper-Tier REMIC I shall hold the uncertificated interests issued by Middle-Tier REMIC IB, other than the Class MTIB-R Interest.

  • Master REMIC II shall hold as its assets the uncertificated interests in REMIC IB, other than the LT1-RB interest, and each such interest is hereby designated as a regular interest in REMIC IB for purposes of the REMIC Provisions.

  • Middle-Tier REMIC IB shall hold the uncertificated interests issued by Middle-Tier REMIC IA, other than the MTIA-R Interest, and shall issue several uncertificated interests.

  • However, we do identify a sizable group of households with inadequate resources, particularly among single baby boomers just approaching retirement.

  • If there is anything inside or outside this class that you care to discuss with me, please do not hesitate to do so.


More Definitions of REMIC IB

REMIC IB. That group of assets contained in the Trust Fund designated as a REMIC consisting of (i) the Group 3 Mortgage Loans, (ii) the related Protected Accounts, (iii) any REO Property relating to the Group 3 Mortgage Loans and (iv) any proceeds of the foregoing.
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REMIC IB. The segregated pool of assets consisting of all of the REMIC IA Regular Interests conveyed in trust to the Trustee, for the benefit of the REMIC IB Regular Interests pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made. REMIC IB Regular Interests: REMIC IB Regular Interest LTI-IA, REMIC IB Regular Interest LTI-IIA1, REMIC IB Regular Interest LTI-IIA2, REMIC IB Regular Interest LTI-IIA3, REMIC IB Regular Interest LTI-IIIA, REMIC IB Regular Interest LTI-IVA, REMIC IB Regular Interest LTI-B1, REMIC IB Regular Interest LTI-B2, REMIC IB Regular Interest LTI-B3, REMIC IB Regular Interest LTI-B4, REMIC IB Regular Interest LTI-B5, REMIC IB Regular Interest LTI-B6, and REMIC IB Regular Interest LTI-P. REMIC IB Regular Interest LTI-IA: One of the separate non-certificated beneficial ownership interests in REMIC IB issued hereunder and designated as a Regular Interest in REMIC IB. REMIC IB Regular Interest LTI-IA shall accrue interest at the related Uncertificated REMIC IB 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.
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Related to REMIC IB

  • 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 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 I The segregated pool of assets subject hereto, constituting the primary trust created hereby and to be administered hereunder, with respect to which a REMIC election is to be made, consisting of (i) such Mortgage Loans as from time to time are subject to this Agreement, together with the Mortgage Files relating thereto, and together with all collections thereon and proceeds thereof, (ii) any REO Property, together with all collections thereon and proceeds thereof, (iii) the Trustee’s rights with respect to the Mortgage Loans under all insurance policies required to be maintained pursuant to this Agreement and any proceeds thereof, (iv) the Depositor’s rights under each of the Mortgage Loan Purchase Agreement and the Assignment and Assumption Agreement (including any security interest created thereby) and (v) the Collection Account (other than any amounts representing any Servicer Prepayment Premium Payment Amount), the Distribution Account (other than any amounts representing any Servicer Prepayment Premium Payment Amount) and any REO Account and such assets that are deposited therein from time to time and any investments thereof, together with any and all income, proceeds and payments with respect thereto. Notwithstanding the foregoing, however, REMIC I specifically excludes all payments and other collections of principal and interest due on the Mortgage Loans on or before the Cut-off Date and all Prepayment Premiums payable in connection with Principal Prepayments made on or before the Cut-off Date, the Net WAC Reserve Fund, the Supplemental Interest Trust, the Supplemental Interest Account and the Swap Agreement.

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

  • 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 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 I Regular Interests The Classes of undivided beneficial interests in REMIC I designated as “regular interests” in the table titled “REMIC I Interests” in the Preliminary Statement hereto. The REMIC I Regular Interests, together with the Class R-1 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC I Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • 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 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.

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

  • REMIC II Assets The REMIC I Regular Interests.

  • 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 I Assets All of the Mortgage Pool Assets.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

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

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

  • 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.

  • Uncertificated REMIC I Regular Interests The Uncertificated REMIC I Regular Interests Z together with the interests identified in the table below, each representing an undivided beneficial ownership interest in REMIC I, and having the following characteristics:

  • REMIC II Interests means, collectively, the REMIC II Regular Interests and the Class R-II Certificates.

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

  • REMIC 1 As described in the Preliminary Statement.

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