Woodlands Mall REMIC definition

Woodlands Mall REMIC. One of four separate REMICs comprising a portion of the Trust Fund, which consists of the Woodlands Mall Trust Subordinate Companion Loan and the proceeds thereof, any allocable portion of any related REO Property with respect thereto, the related REO Account (to the extent of amounts therein allocable to the Woodlands Mall Trust Subordinate Companion Loan), the Woodlands Mall REMIC Distribution Account and the Interest Reserve Account (to the extent of amounts therein allocable to the Woodlands Mall Trust Subordinate Companion Loan).
Sample 1Sample 2Sample 3

Examples of Woodlands Mall REMIC in a sentence

  • The Class LWM-A, Class LWM-B, Class LWM-C and Class LWMRR Woodlands Mall Regular Interests are hereby designated as “regular interests” in the Woodlands Mall REMIC within the meaning of Code Section 860G(a)(1), and the Woodlands Mall Residual Interest (evidenced by the Class R Certificates) is hereby designated as the sole class of “residual interests” in the Woodlands Mall REMIC within the meaning of Code Section 860G(a)(2).

  • On each Distribution Date, the amounts that have been transferred to the Woodlands Mall REMIC Distribution Account from the Collection Account or as P&I Advances or Compensating Interest Payments or as otherwise contemplated by the preceding sentences of this Section 4.01(a) shall be deemed distributed on the Woodlands Mall Regular Interests to the Upper-Tier REMIC, in accordance with Section 4.01(a)(iii) and the last paragraph of Section 4.01(d).

Related to Woodlands Mall REMIC

  • Woodland means a group of indigenous trees which are not a natural forest, but whose crowns cover [more than] at least five per cent of the area [bounded by trees forming the perimeter of the group] they 10

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Shopping mall means an enclosed public walkway or hall area that serves to connect retail or professional establishments.

  • a REMIC means any of (or, as the context requires, all of) the SWAP REMIC, the Lower Tier REMIC and the Upper Tier REMIC.

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

  • Subsidiary REMIC Interest Any one of the Subsidiary REMIC Interests or the SR-A-R Interest.

  • Master REMIC As described in the Preliminary Statement.

  • REMIC I Assets All of the Mortgage Pool Assets.

  • Mortgage Group Either of Group One or Group Two.

  • Colony means a hive and its equipment and appurtenances, including bees, comb, honey, pollen, and brood.

  • TRS means a taxable REIT subsidiary (as defined in Section 856(l) of the Code) of the General Partner.

  • Shopping Center means the Shopping Center identified on the initial page hereof.

  • Optimal Interest Remittance Amount For each Distribution Date, the product of (A) (x) the weighted average of the Net Mortgage Rates for the Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (B) the Aggregate Loan Balance as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • Summit means the Summit of the Heads of State or Government of SADC established by Article 9 of this Treaty;

  • PJM Interconnection, L.L.C. or "PJM" means the privately-

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.