Regular Interest. A "regular interest" in a REMIC within the meaning of Section 860G(a)(1) of the Code.
Regular Interest in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
Examples of Regular Interest in a sentence
Regular interest will continue to be credited on my accumulated deductions and reserve for ITHP in NYCERS, at the same rate as if I had not discontinued service.
More Definitions of Regular Interest
Regular Interest. A “regular interest” in a REMIC within the meaning of Section 860G(a)(1) of the Code. Regulation AB: Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time.