REMIC Pool definition

REMIC Pool. Any of REMIC I, REMIC II or REMIC III.
REMIC Pool means each of the three segregated pools of assets designated as a REMIC pursuant to Section 12.1(a) hereof.
REMIC Pool. Either of the Lower REMIC, Middle REMIC or Upper REMIC.

Examples of REMIC Pool in a sentence

  • With respect to each REMIC Pool, the Assets included therein may be identified in the related Terms Supplement, in an attachment thereto or by reference therein, or in some other document and/or may be identified on the books and records of the Depositor and the Administrator.

  • The Administrator shall act as the representative of Holders in the control, management and administration of the Assets in each REMIC Pool and of any REMIC Certificates held in each MACR Pool.

  • Payments on REMIC Certificates of any Series on any Payment Date shall be made from the principal and interest payments made on the related Assets and any cash or other eligible assets in the related REMIC Pool, from any payment made by the Guarantor pursuant to its guarantees in accordance with Section 4.06, and, if so provided in the related Terms Supplement, from any reinvestment by the Administrator of such principal and interest payments, during the applicable Deposit Period.

  • Each Guaranteed Maturity Class represents an interest in a Guaranteed Maturity REMIC Pool that directly or indirectly (through a separate Guaranteed Maturity REMIC Pool) holds one or more Underlying REMIC Classes of the related Series.

  • It is intended that each discrete group of Trust Fund assets included in a REMIC Pool formed under this Agreement shall constitute, and the affairs of each such REMIC Pool shall be conducted so as to qualify as, a REMIC.


More Definitions of REMIC Pool

REMIC Pool means each of the three (3) segregated pools of assets designated as a REMIC pursuant to Section 12.1(a) hereof. For the avoidance of doubt, no BANA Lender Successor Borrower Right, CIBC Lender Successor Borrower Right or MSMCH Seller Defeasance Rights and Obligations is a part of any “REMIC Pool”.
REMIC Pool means any of REMIC I, REMIC II, REMIC III and, subject to Section 2.06(b), the Loan REMICs.
REMIC Pool. With respect to REMIC I, the assets of the Trust other than the Prefunding Account, Capitalized Interest Account, Net Rate Cap Fund, the REMIC I Regular Interests and the REMIC II Regular Interests; with respect to REMIC II, the REMIC I Regular Interests, other than the Class P Certificates; and, with respect to REMIC III, the REMIC II Regular Interests.
REMIC Pool. With respect to each Series, a discrete group of assets included in the related Trust Fund as to which a REMIC election has been or is intended to be made, consisting of (i) the related Assets and all proceeds thereof, (ii) cash (if any) and other amounts on deposit in the Custodial Account, to the extent allocable to such REMIC Pool, (iii) the right to receive payments under the related guarantee, (iv) the rights of such REMIC Pool under any related GIFC and (v) any other eligible assets specified in the related Terms Supplement, excluding any investment earnings on any of the Assets of that REMIC Pool.
REMIC Pool means either of the Lower-Tier REMIC and/or the Upper-Tier REMIC, as applicable.
REMIC Pool. Each of the Lower-Tier REMIC and the Upper-Tier REMIC.
REMIC Pool. Each of the three segregated pools of assets designated as a REMIC pursuant to Section 10.1 hereof.