REMIC VI definition

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 VI. 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 R-X Certificate (in respect of the Class R-VI Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

REMIC VI. That group of assets contained in the Trust Fund designated as a REMIC consisting of the REMIC III-B Regular Interests, REMIC IV Regular Interests and REMIC V Regular Interests and any proceeds thereof.

Examples of REMIC VI in a sentence

• For federal income tax purposes, such amounts paid to the Supplemental Interest Trust on each Distribution Date shall first be deemed paid to the Supplemental Interest Trust in respect of REMIC VI Regular Interest IO to the extent of the amount distributable on such REMIC VI Regular Interest IO on such Distribution Date, and any remaining amount shall be deemed paid to the Supplemental Interest Trust in respect of a Class IO Distribution Amount.

• 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 VI Interests.

• 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.

• REMIC VI Regular Interest SWAP-IO shall be designated as the Regular Interests in REMIC VI and the Class R-VI Interest shall be designated as the Residual Interest in REMIC VI.

• For federal income tax purposes, such amounts paid to the Swap Administrator on each Distribution Date shall first be deemed paid to the Swap Administrator in respect of REMIC VI Regular Interest IO to the extent of the amount distributable on such REMIC VI Regular Interest IO on such Distribution Date, and any remaining amount shall be deemed paid to the Swap Administrator in respect of a Class IO Distribution Amount.

More Definitions of REMIC VI

REMIC VI. The segregated pool of assets consisting of the Class M-7 Interest conveyed in trust to the Trustee, for the benefit of the Class M-7 Certificates and the Class R-VI Interest and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

REMIC VI. The Class R-6 Interest represents the sole class of Residual Interests in REMIC VI for purposes of the REMIC Provisions. The following table sets forth the designation, Pass-Through Rate, initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated class of interests that represents a Regular Interest in REMIC VI created hereunder: Initial Uncertificated Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date(1) ----------- ----------------- ----------------- ---------------- IO(2) (3) (4) March 25, 2035

REMIC VI. The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC VI, each of which (other than the R-VI interest) is hereby designated as a regular interest in REMIC VI (the “REMIC VI Regular Interests”): T6-P&I (1) (2) T6-Subs-PO (3) (4) T6-Subs-IO (5) (5) R-VI (6) (6) ____________________

REMIC VI. The following table sets forth characteristics of the interests in the Master REMIC, each of which, except for the Class II-R-VI interest, is hereby designated as a “regular interest” in REMIC VI (the “REMIC VI Regular Interests”):

REMIC VI. As provided herein, the Securities Administrator will elect to treat the segregated pool of assets consisting of the Class I-B-4 REMIC III Regular Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC VI." The Class RX-VI Interest represents the sole class of "residual interests" in REMIC VI for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation, Pass-Through Rate and initial Uncertificated Balance for the Class I-B-4 REMIC VI Regular Interest that represents a "regular interest" in REMIC VI created hereunder: Initial Uncertificated Latest Possible Class Designation Pass-Through Rate Balance Maturity Date(1) Class I-B-4 (2) $1,358,000 December 25, 2036 ________________

REMIC VI. The following table sets forth characteristics of the interests in the Group II Master REMIC, each of which, except for the Class R-VI interest, is hereby designated as a “regular interest” in REMIC VI (the “REMIC VI Regular Interests”): T6-II-1A (1) (2) II-1A T6-II-2A (1) (2) II-2A T6-II-3A (1) (2) II-3A T6-II-X1 (1) (2) II-X1 T6-II-X2 (1) (2) II-X2 T6-II-PO (1) (2) II-PO T6-II-M (1) (2) II-M T6-II-B-1 (1) (2) II-B-1 T6-II-B-2 (1) (2) II-B-2 T6-II-B-3 (1) (2) II-B-3 T6-II-B-4 (1) (2) II-B-4 T6-II-B-5 (1) (2) II-B-5 T6-II-P (3) (3) II-P R-VI (1) (2) II-R ____________________

REMIC VI. The pool of assets consisting of the REMIC V Regular Interests and all payments of principal or interest on or with respect to the REMIC V Regular Interests after the Cut-Off Date.