REMIC VIII definition

REMIC VIII. The segregated pool of assets consisting of the Class II-CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class II-CE Certificates and the Class II-RX Certificate (in respect of the Class II-R-8 Interest), with respect to which a separate REMIC election is to be made.
Sample 1Sample 2Sample 3
REMIC VIII. The segregated pool of assets consisting of the Class SWAP-IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of REMIC VIII Regular Interest SWAP-IO and the Class R-X Certificate (in respect of the Class R-VIII Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
Sample 1Sample 2
REMIC VIII. The segregated pool of assets consisting of all of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Class P Certificateholders pursuant to Section 2.14, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
Sample 1

Examples of REMIC VIII in a sentence

  • The Trustee acknowledges receipt of the Class II-CE 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 VIII Certificates.

  • The Class II-CE Interest shall constitute the assets of REMIC VIII.

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

  • The Class II-IO Interest shall constitute the assets of REMIC VIII.

  • The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated REMIC VIII Regular Interest, which will be uncertificated.

  • The Class P Certificates shall be designated as the Regular Interests in REMIC VIII and the Class R-VIII Interest shall be designated as the Residual Interest in REMIC VIII.

  • Each of REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V (each a “Group I REMIC”) shall relate to Group I, and each of REMIC VI, REMIC VII, REMIC VIII, REMIC IX, REMIC X and REMIC XI (each a “Group II REMIC”) shall relate to Group II.

  • The interests evidenced by the Class R-X Certificates, together with the Class M-2 Certificates, Class M- 3 Certificates, Class M-4 Certificates, Class M-5 Certificates, Class CE Certificates and Class P Certificates, constitute the entire beneficial ownership interest in REMIC III, REMIC IV, REMIC V, REMIC VI, REMIC VII and REMIC VIII, respectively.

  • For federal income tax purposes, any amounts paid to the Class A-2B1 Swap Provider on each Distribution Date shall first be deemed paid to REMIC VIII Regular Interest Class A-2B1 Swap-IO.

  • The REMIC VII Regular Interests shall constitute the assets of REMIC VIII.


More Definitions of REMIC VIII

REMIC VIII. The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC VIII, each of which (other than the R-VIII interest) is hereby designated as a regular interest in REMIC VIII (the “REMIC VIII Regular Interests”): T8-A (4) (1) T8-F1 $ 66,422,000.00 (2) T8-V1(6) $ 66,422,000.00 (3) T8-IO (7) (7) T8-Subs-IO (8) (8) R-VIII (5) (5) ___________________
Sample 1Sample 2
REMIC VIII. As provided herein, the Securities Administrator will elect to treat the segregated pool of assets consisting of the Class I-P REMIC III Regular Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC VIII." The Class RX-VIII Interest represents the sole class of "residual interests" in REMIC VIII 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-P REMIC VIII Regular Interest that represents a "regular interest" in REMIC VIII created hereunder: Initial Pass-Through Rate Uncertificated Latest Possible Class Designation Balance Maturity Date(1) Class I-P (2) $100.00 December 25, 2036 ________________
Sample 1

Related to REMIC VIII

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

  • 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 Regular Interests The REMIC I Regular Interests and REMIC II Regular Interests.

  • 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.

  • 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.

  • 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.