REMIC Trust Sample Clauses
The REMIC Trust clause defines the establishment and operation of a Real Estate Mortgage Investment Conduit (REMIC) within the agreement. It outlines how the trust is structured to hold mortgage loans or related assets, ensuring that the trust qualifies for favorable tax treatment under applicable tax laws. This clause is essential for enabling the trust to function as a pass-through entity for tax purposes, thereby avoiding double taxation and ensuring compliance with IRS regulations for mortgage-backed securities.
REMIC Trust. ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ Trust 2012-150. Settlement Date: December 28, 2012.
REMIC Trust. ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ Trust 2008-1. Settlement Date: January 30, 2008.
REMIC Trust. The segregated pool of assets, with respect to which a REMIC election is to be made, consisting of: (i) each Mortgage Loan (exclusive of payments of principal and interest due on or before the Cut-off Date, if any, received by the Master Servicer which shall not constitute an asset of the Trust Fund) as from time to time are subject to this Agreement and all payments under and proceeds of such Mortgage Loans (exclusive of any prepayment fees and late payment charges received on the Mortgage Loans), together with all documents included in the related Mortgage File, subject to Section 2.01; (ii) such funds or assets as from time to time are deposited in the Master Servicer Collection Account or the Distribution Account and belonging to the Trust Fund; (iii) any REO Property; (iv) the primary hazard insurance policies, if any, the Primary Mortgage Insurance Policies, if any, and all other Insurance Policies with respect to the Mortgage Loans; and (v) the Depositor’s interest in respect of the representations and warranties made by the Seller and the Originator in the Assignment, Assumption and Recognition Agreement as assigned to the Trustee pursuant to Section 2.04 hereof.
REMIC Trust. The segregated Pool of assets consisting of the Trust Fund. The Pre-Funding Account and the Capitalized Interest Account shall not be part of the REMIC Trust.
REMIC Trust. ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ Trust 2017-74. Settlement Date: September 29, 2017.
REMIC Trust. ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ Trust 2007-4. Settlement Date: January 30, 2007.
REMIC Trust. The segregated pool of assets consisting of a portion of the Trust Fund; provided, however, that the Net WAC Cap Carryover Fund and the Yield Maintenance Payment Fund shall not be part of the REMIC Trust.
REMIC Trust. The segregated pool of assets consisting of the Trust ----------- Estate. REO Acquisition: The acquisition by the Servicer on behalf of the --------------- Indenture Trustee for the benefit of the Bondholders and the Bond Insurer of any REO Property pursuant to Section 3.13 of the Servicing Agreement.
REMIC Trust. Article 5, Subsection 5(c)(v);