REMIC Loan definition

REMIC Loan means that certain $88,000,000 issuance of mortgage bonds by the REMIC Partnership pursuant to the terms of an Indenture dated as of February 6, 1997.
Sample 1Sample 2Sample 3
REMIC Loan means the $300,000,000 mortgage loan made by Nomura Asset Capital Corporation ("REMIC Lender") to Financing Partnership pursuant to the terms of a Loan Agreement dated as of June 30, 1994 ("REMIC Loan Agreement").
Sample 1Sample 2
REMIC Loan means the loan to FSA in the original principal amount of $95,000,000, which was made pursuant to the REMIC Loan Agreement and is secured by liens on the FSA Properties.
Sample 1

Examples of REMIC Loan in a sentence

  • The Borrower is the sole member of REMIC LLC and KPT REMIC Loan, Inc., a Delaware corporation, is the non-member manager of REMIC LLC.

  • At Closing, (i) Buyer and REMIC shall each execute and deliver a performance and indemnity agreement including cross-indemnification of each party with respect to the performance of each of their respective obligations with respect to the REMIC Loan and the applicable Mortgage Documents and (ii) the Purchase Price shall be reduced by an amount equal to the aggregate total of the costs and expenses incurred by Buyer in connection with its due diligence investigations of the VF Properties.

  • In no event will an Uncovered Q- REMIC Loan be a Reference Obligation or an uncovered Q- REMIC loan in any other Fannie Mae REMIC risk sharing transaction.

  • The Chairman, the Vice Chairman, the Chairman Pro Tem, the Acting Executive Director or other authorized representative of the Commission is hereby authorized and directed to execute and deliver any and all documents and instruments necessary or proper to do and cause to be done any and all acts and things necessary or proper for accomplishing the transactions contemplated by this Resolution with respect to the financing of the PNC Bank Loan and the retiring of the REMIC Loan.

  • Any "Event of Default" (as such term is defined in the REMIC Loan Agreement) that occurs under the REMIC Loan Agreement with respect to the REMIC Loan.

  • Any Excess Liquidation Proceeds in respect of a Loan REMIC Loan will be deemed distributed in respect of the related Loan REMIC Residual Interest and deemed deposited in the Excess Liquidation Proceeds Account.

  • Any "Event of Default" (as such term is defined in the REMIC Loan Agreement) occurs under the REMIC Loan Agreement with respect to the REMIC Loan.

  • The hydrodynamic force coefficient had to be empirically estimated by (12) to (15) [13], due to the lack of model„s full hull geometry and hydrodynamic tests.

  • Estoppel certificates, in substantially the form previously approved by the Lender or otherwise in form and substance reasonably satisfactory to Lender, from (i) each of the tenants of the Properties that is required by the Lender, (ii) the holder of the REMIC Loan, and (iii) the lessor under the Ground Lease.

  • The Borrower grants, and, unless violative of the REMIC Loan, shall cause FSA to grant, the Lender and its employees, contractors and agents an irrevocable and non-exclusive license, upon reasonable prior notice, to enter upon the Properties to conduct such activities in accordance with the preceding sentence.

Related to REMIC Loan

  • 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.

  • 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 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 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 II Assets The REMIC I Regular Interests.

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

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

  • 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.

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

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

  • 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.

  • REMIC 1 Regular Interest Each of the REMIC 1 Interests other than the Class LT1-R Interest.

  • REMIC I Assets All of the Mortgage Pool Assets.

  • REMIC I Regular Interest I-LTP One of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a Regular Interest in REMIC I. REMIC I Regular Interest I-LTP shall be entitled to any Prepayment Charges collected by the Master Servicer and to a distribution 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.

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

  • 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.

  • REMIC Eligible Mortgage Loan A Mortgage Loan held by a REMIC which satisfies and/or complies with all applicable REMIC Provisions.

  • 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 Swap Rate For each Distribution Date (and the related Accrual Period), a per annum rate equal to the Fixed Rate under the Swap Agreement for such Distribution Date, as set forth in the Prospectus Supplement.

  • REMIC II Certificate Any Regular Certificate or Class R Certificate.

  • Corresponding REMIC II Regular Interest means the REMIC II Regular Interest as defined in the Preliminary Statement with respect to any Class of Corresponding Certificates or any Corresponding Component.

  • 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.

  • 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.

  • Corresponding REMIC I Regular Interest means with respect to each Mortgage Loan, the REMIC I Regular Interest having an initial Certificate Balance equal to the Principal Balance of such Mortgage Loan outstanding as of the Cut-Off Date, after taking into account all principal and interest payments made or due prior to the Cut-Off Date.

  • REMIC III Certificate Any Regular Certificate or Class R Certificate.