REMIC IV Assets definition

REMIC IV Assets. The REMIC II Regular Interests.
View Source

Examples of REMIC IV Assets in a sentence

  • The Company does hereby irrevocably sell, transfer, assign, set over, and otherwise convey to the Trust, without recourse, all the Company’s right, title and interest in and to the REMIC IV Assets.

  • The REMIC IV Regular Interests and the Class R-4 Residual Interest shall together be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC IV Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • It is, further, not the intention of the parties that such conveyance be deemed the grant of a security interest in the REMIC IV Assets by the Company to the Trust to secure a debt or other obligation of the Company.

  • The Trustee hereby acknowledges and accepts on behalf of the Trust the assignment to the Trust pursuant to Section 2.12 of the REMIC IV Assets and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC IV Assets, and the REMIC IV Assets, as Trustee in trust, upon the trust herein set forth, for the use and benefit of all present and future Holders of the Certificates.

  • It is the express intent of the parties hereto that the conveyance of the REMIC IV Assets to the Trust by the Company as provided in this Section 2.12 be, and be construed as, an absolute sale of the REMIC IV Assets.

  • It is the express intent of the parties hereto that the conveyance of the REMIC IV Assets to the Trust by the Company as provided in this Section 2.15 be, and be construed as, an absolute sale of the REMIC IV Assets.

  • The Trustee hereby acknowledges and accepts on behalf of the Trust the assignment to the Trust pursuant to Section 2.15 of the REMIC IV Assets and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC IV Assets, and the REMIC IV Assets, as Trustee in trust, upon the trust herein set forth, for the use and benefit of all present and future Holders of the REMIC IV Regular Interests and the Class R-4 Residual Interest.

  • The Trustee hereby acknowledges and accepts on behalf of the Trust the assignment to the Trust pursuant to Section 2.15 of the REMIC IV Assets and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC IV Assets, and the REMIC IV Assets, as Trustee in trust, upon the trust herein set forth, for the use and benefit of all present and future Holders of the Certificates.

  • The Trust, as payment of the purchase price of the REMIC IV Assets, shall, on the Closing Date, (i) issue the Class R-4 Residual Interest to the Company and (ii) issue the Group 1 Certificates, the Group 2 Certificates and the Group L-B Certificates to the Company or the Company’s designee in Authorized Denominations.

  • The Company shall file such financing statements, and the Company and the Trustee acting on behalf of the Trust at the direction of the Company shall, to the extent consistent with this Agreement, take such other actions as may be necessary to ensure that, if this Agreement were found to create a security interest in the REMIC IV Assets, such security interest would be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement.

Related to REMIC IV Assets

  • REMIC I Assets All of the Mortgage Pool Assets.

  • REMIC II Assets The REMIC I Regular Interests.

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

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