REMIC III Regular Certificate definition

REMIC III Regular Certificate. Any REMIC III Certificate, other than a Class R-III Certificate.
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REMIC III Regular Certificate means any REMIC III Certificate, other than a Class R-III Certificate, and where appropriate with respect to a Class X Certificate, may refer to each of the Component Interests thereof, as the case requires. References to REMIC III Regular Certificates will, with respect to the Class O Certificate, be considered to refer to the Class O REMIC Interest that is a "regular interest" in REMIC III, where appropriate.
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Examples of REMIC III Regular Certificate in a sentence

  • Unless otherwise advised by the Depositor in writing, for federal income tax purposes, the Trustee is hereby directed to assign a value of zero to the right of each Holder of an Offered Certificate to receive the related Basis Risk Carry Forward Amount for purposes of allocating the purchase price of such Offered Certificate acquired by an initial Holder thereof between such right and the related REMIC III Regular Certificate.

  • Within a reasonable period of time after the end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a REMIC III Regular Certificate a statement containing the information set forth in clauses (i) through (iv) and (xxv) above as to the applicable Class, aggregated for the portion of such calendar year that such Person was a Holder.

  • Within a reasonable period of time after the end of each calendar year, the Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a REMIC III Regular Certificate a statement containing the information set forth in clauses (i) through (iii) above as to the applicable Class, aggregated for the portion of such calendar year that such Person was a Holder.