The REMIC means the REMIC constituted by the Trust Estate.
The REMIC or "the REMICs" shall mean one or more of the REMICs created under this Agreement.
The REMIC means the REMIC created hereunder.
Examples of The REMIC in a sentence
The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated.
The REMIC I Regular Interests shall constitute the assets of REMIC II.
The REMIC Regular Interests will represent "regular interests" in one of the REMICs included in the Trust Fund.
The REMIC II Regular Interests shall constitute the assets of REMIC III.
The REMIC Administrator agrees to indemnify and hold harmless the Trustee with respect to any tax or liability arising from the Trustee's signing of Tax Returns that contain errors or omissions.
More Definitions of The REMIC
The REMIC means either of (or, as the context requires, both of) the Master REMIC or the Subsidiary REMIC created hereunder.
The REMIC means any of (or, as the context requires, all of) the Lower-Tier REMIC, the Middle-Tier REMIC or the Upper-Tier REMIC.
The REMIC means the REMIC created hereunder. REMIC POOL: Either of the Master REMIC or the Subsidiary REMIC.
The REMIC means the REMIC constituted by the Trust Estate. Ancillary Income will not be an asset of the REMIC.
The REMIC means the REMIC constituted by the assets of the Trust Estate other than the Reserve Fund.
The REMIC means the REMIC constituted by the Trust Estate. The Reserve Fund, the Policy and the Policy Payment Account are not part of either REMIC.
The REMIC. 2 Regular Interests shall be designated as the "regular interests." The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class M, Class B, Class P and Class X-1 Certificates shall be designated as the "regular interests" in REMIC 3. The Class A-R Certificates will represent beneficial ownership of three residual interests, each of which will constitute the sole class of residual interests in each of REMIC 1, REMIC 2 and REMIC 3. The Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in REMIC 1, REMIC 2 or REMIC 3 other than the Certificates or the Uncertificated REMIC Regular Interests. The "tax matters person" with respect to each of REMIC 1, REMIC 2 and REMIC 3 shall be the Trustee and the Trustee shall hold the related Tax Matters Person Certificate in the manner provided under Treasury regulations section 1.860F-4(d) and Treasury regulations section 301.6231(a)(7)-1. The fiscal year for each REMIC shall be the calendar year.