REMIC definition

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

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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

• Each Note Holder agrees that the provisions of this paragraph shall be effected by compliance with any REMIC provisions in the Lead Securitization Servicing Agreement relating to the administration of the Mortgage Loan.

• 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 objection, direction, consent, advice or consultation contemplated by the preceding and following paragraphs may require or cause the Master Servicer or the Special Servicer, as applicable, to violate any provision of the Mortgage Loan Documents, applicable law, the Lead Securitization Servicing Agreement, this Agreement, the REMIC provisions of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance with the Servicing Standard.

• The Certificate Administrator is hereby designated as the “partnership representative” (within the meaning of Section 6223 of the Code) of each Trust REMIC.

• Each Note Holder agrees that the provisions of this paragraph shall be effected by compliance with any REMIC Provisions in the Lead Securitization Servicing Agreement relating to the administration of the Mortgage Loan.

More Definitions of REMIC

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

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

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. 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. II Regular Interest II-LT3...............................................................37 REMIC II Regular Interest II-LT4...............................................................38 REMIC II Regular Interest II-LT5...............................................................38 REMIC II Regular Interest II-LT6...............................................................38 REMIC II Regular Interest II-LT7...............................................................38 REMIC II Regular Interest II-LT8...............................................................38 REMIC II Regular Interest II-LT9"..............................................................38 REMIC II Regular Interest II-LTP...............................................................39 REMIC II Regular Interest II-LT2S..............................................................39 REMIC II Regular Interest II-LT3S..............................................................39 REMIC II Regular Interest II-LT4S..............................................................39 REMIC II Regular Interest II-LT5S..............................................................39 REMIC II Regular Interest II-LT6S..............................................................39 REMIC II Regular Interest II-LT7S..............................................................39 REMIC II Regular Interest II-LT8S..............................................................39

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.

REMIC. 2 Regular Interest MT-A1..........................................................................32 REMIC 2 Regular Interest MT-A2..........................................................................33 REMIC 2 Regular Interest MT-A3..........................................................................33 REMIC 2 Regular Interest MT-A4..........................................................................33 REMIC 2 Regular Interest MT-M1..........................................................................33 REMIC 2 Regular Interest MT-B...........................................................................33 REMIC 2 Regular Interest MT-ZZ..........................................................................33 REMIC 2 Regular Interest MT-IO..........................................................................34 REMIC 2 Regular Interest MT-J...........................................................................34 REMIC 2 Regular Interest MT-P...........................................................................34 REMIC 2 Regular Interests...............................................................................34