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

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.
In addition, no amendment may be made under the Trust and Servicing Agreement without the Trustee and Certificate Administrator first receiving in writing an Opinion of Counsel, at the expense of the party requesting the amendment, that the amendment will not result in the imposition of federal income tax on the Trust or cause either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC.
All costs and expenses of compliance with this Section 4(e), to the extent that such costs and expenses relate to administration of a REMIC or to any determination respecting the amount, payment or avoidance of any tax under the REMIC Provisions or the actual payment of any REMIC tax or expense, shall be borne by each Noteholder with respect to the REMIC containing the Note owned by such Noteholder.
The Certificate Administrator is hereby designated as the “partnership representative” (within the meaning of Section 6223 of the Code) of each Trust REMIC.
For the purposes of the REMIC election in respect of the Upper-Tier REMIC, each Class of Regular Certificates shall be designated as a class of “regular interests” and the Class UR Interest shall be designated as the sole class of “residual interests” in the Upper-Tier REMIC.

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. I Regular Interest I-LT6.................................................................36 REMIC I Regular Interest I-LT7.................................................................36 REMIC I Regular Interest I-LT8.................................................................36 REMIC I Regular Interest I-LT9.................................................................36 REMIC I Regular Interest I-LTP.................................................................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. I Regular Interest LT-A-2..............................................45 REMIC I Regular Interest LT-A-3..............................................45 REMIC I Regular Interest LT-A-4..............................................45 REMIC I Regular Interest LT-A-5..............................................46 REMIC I Regular Interest LT-A-6..............................................46 REMIC I Regular Interest LT-A-7..............................................46 REMIC I Regular Interest LT-A-8..............................................46 REMIC I Regular Interest LT-A-9..............................................46 REMIC I Regular Interest LT-A-10.............................................46 REMIC I Regular Interest LT-A-11.............................................46 REMIC I Regular Interest LT-A-12.............................................46 REMIC I Regular Interest LT-A-13.............................................46 REMIC I Regular Interest LT-A-14.............................................47 REMIC I Regular Interest LT-A-15.............................................47 REMIC I Regular Interest LT-A-16.............................................47 REMIC I Regular Interest LT-A-17.............................................47 REMIC I Regular Interest LT-A-18.............................................47 REMIC I Regular Interest LT-A-19.............................................47 REMIC I Regular Interest LT-A-20.............................................47 REMIC I Regular Interest LT-A-21.............................................47 REMIC I Regular Interest LT-A-22.............................................47 REMIC I Regular Interest LT-A-23.............................................48 REMIC I Regular Interest LT-A-24.............................................48 REMIC I Regular Interest LT-A-25.............................................48 REMIC I Regular Interest LT-A-26.............................................48 REMIC I Regular Interest LT-A-27.............................................48 REMIC I Regular Interest LT-A-28.............................................48 REMIC I Regular Interest LT-A-29.............................................48

REMIC. 2 Regular Interest MT-AA..........................................................................32 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

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.