REMIC definition

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

REMIC shall have the meaning assigned to such term in Section 5(d).

REMIC shall have the meaning assigned to such term in Section 2(f).

Examples of REMIC in a sentence

• No such Mortgage Loan that is secured by more than one Mortgaged Property or that is cross collateralized with another Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to a partial condemnation, other than in compliance with the loan-to-value ratio and other requirements of the REMIC Provisions.

• No Mortgage Loan that is secured by more than one Mortgaged Property or that is a Crossed Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to a partial condemnation, other than in compliance with the loan-to-value ratio and other requirements of the REMIC Provisions.

• No Mortgage Loan that is secured by more than one Mortgaged Property or that is a Crossed Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to a partial condemnation, other than in compliance with the loan-to-value ratio and other requirements of the REMIC Provisions of the Code.

• No Mortgage Loan that is secured by more than one Mortgaged Property or that is cross-collateralized with another Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to partial condemnation, other than in compliance with the REMIC Provisions of the Code.

• No such Mortgage Loan that is secured by more than one Mortgaged Property or that is cross-collateralized with another Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to a partial condemnation, other than in compliance with the REMIC Provisions.

More Definitions of REMIC

REMIC. Each pool of assets in the Trust Fund designated as a REMIC as described in the Preliminary Statement.

REMIC. A "real estate mortgage investment conduit" as defined in Code Section 860D. "The REMIC" means the REMIC constituted by the Trust Estate.

REMIC. A "real estate mortgage investment conduit" within the meaning of section 860D of the Code. References herein to "the REMICs" or "a REMIC" shall mean any of (or, as the context requires, all of) the SWAP REMIC, the Lower Tier REMIC and the Upper Tier REMIC.

REMIC. 1 Regular Interest LT-4...........................................................................31 REMIC 1 Regular Interest LT-5...........................................................................31 REMIC 1 Regular Interest LT-P...........................................................................31 REMIC 1 Regular Interests...............................................................................31

REMIC. II Regular Interest II-LT4S..............................................................37 REMIC II Regular Interest II-LT5S..............................................................37

REMIC. 2 Regular Interest LT2B...........................................................................35 REMIC 2 Regular Interest LT2C...........................................................................35 REMIC 2 Regular Interest LT2D...........................................................................36 REMIC 2 Regular Interest LT2E...........................................................................36 REMIC 2 Regular Interest LT2F...........................................................................36 REMIC 2 Regular Interest LT2G...........................................................................36 REMIC 2 Regular Interest LT2H...........................................................................36 REMIC 2 Regular Interest LT2I...........................................................................36 REMIC 2 Regular Interest LT2J...........................................................................36 REMIC 2 Regular Interests...............................................................................37

REMIC. A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code. As used herein, the term "REMIC" shall mean REMIC I, REMIC II or REMIC III.