REMIC X definition

REMIC X. The segregated pool of assets consisting of the Class II-IO Interest conveyed in trust to the Trustee, for the benefit of the holders of REMIC X Regular Interest IO and the Class II-RX Certificate (in respect of the Class II-R-10 Interest), with respect to which a separate REMIC election is to be made.
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REMIC X. The segregated pool of assets consisting of the REMIC 3 Regular Interests, conveyed in trust to the Trustee, for the benefit of the Holders of the Class C Certificates, the Class P Certificates, and the Class R-X Certificates, pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
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REMIC X. The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC X, each of which (other than the R-X interest) is hereby designated as a regular interest in REMIC X (the “REMIC X Regular Interests”): T10-II-A-1(5) (6) (1) II-A-1 T10-II-A-2A(5) (6) (1) II-A-2A T10-II-A-2B(5) (6) (1) II-A-2B T10-II-A-3(5) (6) (1) II-A-3 T10-II-A-4(5) (6) (1) II-A-4 T10-II-A-5(5) (6) (1) II-A-5 T10-II-A-65) (6) (1) II-A-6 T10-II-A-75) (6) (1) II-A-7 T10-II-M-1(5) (6) (1) II-M-1 T10-II-M-2(5) (6) (1) II-M-2 T10-II-M-3(5) (6) (1) II-M-3 T10-II-M-4(5) (6) (1) II-M-4 T10-II-M-5(5) (6) (1) II-M-5 T10-II-M-6(5) (6) (1) II-M-6 T10-II-M-7(5) (6) (1) II-M-7 T10-II-M-8(5) (6) (1) II-M-8 T10-II-M-9(5) (6) (1) II-M-9 T10-II-P(5) (6) (1) II-P T10-Accrual Interest (8) (7) (1) N/A T10-IO (3) (3) N/A T10-A2A-IO (10) (10) N/A T10-A5-IO (2) (2) N/A T10-Subs-IO (9) (9) N/A R-X (4) (4) N/A ____________________
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Examples of REMIC X in a sentence

  • The Trustee acknowledges receipt of the Class II-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 X Interests.

  • 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 X Regular Interest IO to the extent of the amount distributable on such REMIC X 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 Group II Supplemental Interest Trust shall hold the Group II Swap Agreement, the rights in respect of the Swap Administration Agreement that relate to Loan Group II, the Group II Swap Account and REMIC X Regular Interest IO.

  • The last payment with respect to the regular interests issued by REMIC X is to be made on January 15, 2014, to persons who hold the regular interests on December 31, 2013.

  • The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC X Regular Interests for the benefit of the holders of the REMIC I Interests.

  • The holder of the largest Percentage Interest of the Class R Certificates shall be designated, in the manner provided under Treasury regulations Section 1.860F-4(d) and Treasury regulations Section 301.6231(a)(7)-1, as the tax matters person of each Trust REMIC created hereunder other than REMIC X.

  • Upon complete liquidation or final distribution of all of the assets of the Trust Fund, the Trust Fund and each of REMIC X, REMIC I and REMIC II shall terminate.

  • The Trustee acknowledges receipt of the REMIC X Regular Interests (which are 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 I Interests.

  • For the purposes of the REMIC election in respect of REMIC X, the Class C Certificates and the Class P Certificates shall be designated as the Regular Interests in REMIC X and the Class R-X Interest shall be designated as the Residual Interest in REMIC X.

  • At any time thereafter, in the case of (i) or (ii) above, the Seller may elect to terminate the REMIC X, REMIC I or REMIC II at any time, and upon such election, the Seller or its designee, shall repurchase all the Mortgage Loans.

Related to REMIC X

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

  • 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 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 II The segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests conveyed in trust to the Trustee for the benefit of the holders of each Class of Certificates (other than the Class R-I Certificates) pursuant to Section 2.06, 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 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.

  • 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 III Regular Interest The Class CE Interest, Class P Interest, Class IO Interest or any Regular Interest in REMIC III the ownership of which is represented by any of the Class A Certificates or Class M Certificates.