Examples of REMIC V in a sentence
In addition, under certain circumstances relating to the qualification of either the Master REMIC or any of REMIC I, REMIC II, REMIC III, REMIC IV or REMIC V as a REMIC under the Code, the Mortgage Loans may be sold, thereby affecting the early retirement of the Certificates.
The Trustee acknowledges receipt of the Class P Interest (which is uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the REMIC V Certificates.
In addition, under certain circumstances relating to the qualification of either the Master REMIC or any of REMIC I, REMIC II, REMIC III, REMIC IV, or REMIC V as a REMIC under the Code, the Mortgage Loans may be sold, thereby affecting the early retirement of the Certificates.
The P Certificates shall be designated as the Regular Interests in REMIC V and the Class R-V Interest shall be designated as the Residual Interest in REMIC V.
Conveyance of REMIC Regular Interests and Acceptance of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI by the Trustee; Issuance of Certificates.