Issuing REMIC definition

Issuing REMIC. The Trust REMIC consisting of the Subaccounts.
Issuing REMIC. If provided for in a Pooling and Servicing Agreement, the REMIC composed primarily of Regular Interests in the Pooling REMIC, together with the Distribution Account.
Issuing REMIC. With respect to any Double REMIC Series, unless otherwise provided in the Trust Agreement, the REMIC consisting primarily of the Distribution Account and the Subaccounts of such Distribution Account.

Examples of Issuing REMIC in a sentence

  • Regular and Residual Classes: Class RR is a Residual Class and represents the Residual Interest of the Issuing REMIC and the Pooling REMIC.

  • Separate REMIC elections will be made for the Pooling REMIC and the Issuing REMIC.

  • Regular SecuritiesThe Regular Securities will be treated as debt instruments issued by the Issuing REMIC for United States federal income tax purposes.

  • Fox (Red): By the way, I want to see the new plant to be completed as soon as possible.

  • See “Certain Federal Income Tax Consequences” in this Supple­ ment and in the Base Offering Circular.Regular and Residual Classes: Class RR is a Residual Class and represents the Residual Interest of the Issuing REMIC and the Pooling REMIC.


More Definitions of Issuing REMIC

Issuing REMIC. The Trust REMIC consisting of the Subaccounts, the Class A-__ Liquidity Account and the Class B-___ Liquidity Account.
Issuing REMIC. As described in the Preliminary Statement.
Issuing REMIC. One of the two real estate mortgage investment conduits ------------- created with respect to the assets of the Trust, which Issuing REMIC consists of the Distribution Account and the Subaccounts.
Issuing REMIC. The REMIC consisting primarily of the Subaccounts and the Security Account (other than amounts in the Security Account that are distributable to the Class RP Security).
Issuing REMIC. With respect to any Double REMIC Series, if so provided in the Pooling and Master Servicing Agreement, the REMIC consisting primarily of Regular Interests in the Pooling REMIC.
Issuing REMIC. The REMIC identified as such in the Preliminary Statement.
Issuing REMIC shall have the meaning set forth in Section 10.12.