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REMIC V definition

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.
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REMIC V. The segregated pool of assets consisting of all of the REMIC IV Regular Interests conveyed in trust to the Trustee for the benefit of the Certificateholders pursuant to Section 2.10 and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
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REMIC V. The segregated pool of assets consisting of the Class I-CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class I-CE Certificates and the Class I-RX Certificate (in respect of the Class I-R-5 Interest), with respect to which a separate REMIC election is to be made.
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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 Trustee acknowledges receipt of the Class IO 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 Regular Interest IO and Class RX Certificates (in respect of the Class R-5 Interest).

  • 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.


More Definitions of REMIC V

REMIC V. That group of assets contained in the Trust Fund designated as a REMIC consisting of REMIC IV Regular Interests B-IO-I and B-IO-P and any proceeds thereof.
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REMIC V. As described in the Preliminary Statement.
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REMIC V. 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 V Regular Interest IO and the Class R-V Certificate, with respect to which a separate REMIC election is to be made.
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REMIC V. The segregated pool of assets consisting of the assets of the Trust other than the REMIC II Regular Interests, the REMIC III Regular Interests, the REMIC IV Regular Interests, the Interest Rate Cap Agreements, the First Loan Payment Account, the Pre-Funding Account and the Net Rate Cap Fund.
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REMIC V. The segregated pool of assets described in the Preliminary Statement consisting of the REMIC II Regular Interests and the REMIC IV Regular Interests. REMIC V Certificates: The Regular Certificates and the Class II-R-3 Certificates.
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REMIC V. The segregated pool of assets subject hereto, constituting a portion of the primary trust created hereby and to be administered hereunder, with respect to which a separate REMIC election is to be made, consisting of REMIC IV Regular Interests SB-IO, SB-PO and IO.
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REMIC V. The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC V, each of which (other than the R-V interest) is hereby designated as a regular interest in REMIC V (the “REMIC V Regular Interests”): T5-1-A (1) 6.000% II-1 T5-1-B (1) 6.000% II-1 T5-1-C(7) (1) 6.000% II-1 T5-2-A (1) 5.500% II-2 T5-2-B (1) 5.500% II-2 T5-2-C(7) (1) 5.500% II-2 T5-3-A (1) 6.000% II-3 T5-3-B (1) 6.000% II-3 T5-3-C(7) (1) 6.000% II-3 T5-X1 (2) (3) II-1, II-3 T5-X2 (2) (4) II-2 T5-PO (5) 0.00% II-1, II-2, II-3 R-V (6) (6) N/A
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