REMIC 8 definition

REMIC 8. The segregated pool of assets consisting of the Class B-5 Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class B-5 Certificates and the Class R-X Certificate (in respect of the Class R-8 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
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REMIC 8. As defined in the Preliminary Statement.
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REMIC 8. The segregated pool of assets consisting of the SWAP IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of the REMIC 8 Regular Interest Class IO and the Class R-X Certificates (in respect of the Class R-8 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
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Examples of REMIC 8 in a sentence

  • For federal income tax purposes, any amounts paid to the Swap Provider on each Distribution Date shall first be deemed paid to the Swap Provider in respect of REMIC 8 Regular Interest SWAP IO to the extent of the amount distributable on REMIC 8 Regular Interest SWAP IO on such Distribution Date, and any remaining amount shall be deemed paid to the Swap Provider in respect of a Class IO Distribution Amount (as defined below).

  • The Holder of the Class R-X Certificate at any time holding the largest Percentage Interest thereof shall be the Tax Matters Person with respect to REMIC 6, REMIC 7 and REMIC 8 and shall act as Tax Matters Person for each such REMIC.

  • All amounts deemed distributed in respect of the REMIC 4 B-3 Interest shall be treated as received by REMIC 8 then distributed by REMIC 8 in respect of the REMIC 8 B-3 Interest.

  • The Holder of the Class R-X Certificate at any time holding the largest Percentage Interest thereof shall be the "tax matters person" as defined in the REMIC Provisions (the related "Tax Matters Person") with respect to REMIC 3, REMIC 4, REMIC 5, REMIC 6, REMIC 7 and REMIC 8 and shall act as Tax Matters Person for REMIC 3, REMIC 4, REMIC 5, REMIC 6, REMIC 7 and REMIC 8.

  • The interests evidenced by the Class R-8 Interest, together with the Class CE Certificates, constitute the entire beneficial ownership interest in REMIC 8.

  • All allocations of Applied Realized Loss Amounts and Realized Loss Amortization Amounts to the REMIC 4 B-3 Interest shall result in similar allocations to the REMIC 8 B-3 Interest.

  • The Holder of the Class R-X Certificate at any time holding the largest Percentage Interest thereof shall be the “tax matters person” as defined in the REMIC Provisions (the related “Tax Matters Person”) with respect to REMIC 3, REMIC 4, REMIC 5, REMIC 6, REMIC 7, REMIC 8, REMIC 9, REMIC 10 and REMIC 11 and shall act as Tax Matters Person for REMIC 3, REMIC 4, REMIC 5, REMIC 6, REMIC 7, REMIC 8, REMIC 9, REMIC 10 and REMIC 11.

  • For federal and state income tax purposes, the Class CE-1 Certificateholders will be deemed to be the owners of the Net WAC Rate Carryover Reserve Account and all amounts deposited into the Net WAC Rate Carryover Reserve Account shall be treated as amounts distributed by REMIC 8 to the Holders of the Class CE-1 Certificates.

  • The Class R-8 Interest, together with the Class CE-1 Certificates, constitute the entire beneficial ownership interest in REMIC 8.

  • The Holder of the Class R-X Certificate at any time holding the largest Percentage Interest thereof shall be the "tax matters person" as defined in the REMIC Provisions (the related "Tax Matters Person") with respect to REMIC 4, REMIC 5, REMIC 6, REMIC 7, REMIC 8 and REMIC 9 and shall act as Tax Matters Person for REMIC 4, REMIC 5, REMIC 6, REMIC 7, REMIC 8 and REMIC 9.


More Definitions of REMIC 8

REMIC 8. The segregated pool of assets consisting of all of the Class CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class CE Certificates and the Class RX Certificate (in respect of the Class R-8 Interest, and all amounts deposited therein, with respect to which a separate REMIC election is to be made. REMIC 8 will not include the Yield Maintenance Agreement, the Reserve Fund, the Net WAC Rate Carryover Arrangement, the Prepayment Charges, the Servicer Prepayment Charge Payment Amounts or the Transferor Servicer Prepayment Charge Payment Amounts.
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REMIC 8. The segregated pool of assets consisting of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class P Certificates and the
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REMIC 8 and "REMIC 9" respectively). The REMIC 9 Regular Interests represent all of the "regular interests" in REMIC 9. The REMIC 8 Regular Interests represent all of the "regular interests" in REMIC 8. The REMIC 7 Regular Interests represent all of the "regular interests" in REMIC 7. The REMIC 6 Regular Interests represent all of the "regular interests" in REMIC 6. The REMIC 5 Regular Interests represent all of the "regular interests" in REMIC 5. The REMIC 4 Regular Interests represent all of the "regular interests" in REMIC 4. The REMIC 3 Regular Interests represent all of the "regular interests" in REMIC 3. The REMIC 2 Regular Interests represent all of the "regular interests" in REMIC 2. The REMIC 1 Regular Interests represent all of the "regular interests" in REMIC 1. Each Class of Cap Carryover Certificates (other than the Class M-3, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates) represents beneficial ownership of the Corresponding REMIC 2 Regular Interest and the right to receive LIBOR Carryover Amounts. The Class M-3 Certificates represent beneficial ownership of the REMIC 4 Regular Interest and the right to receive LIBOR Carryover Amounts. The Class B-1 Certificates represent beneficial ownership of the REMIC 5 Regular Interest and the right to receive LIBOR Carryover Amounts. The Class B-2 Certificates represent beneficial ownership of the REMIC 6 Regular Interest and the right to receive LIBOR Carryover Amounts. The Class B-3 Certificates represent beneficial ownership of the REMIC 7 Regular Interest and the right to receive LIBOR Carryover Amounts. The Class B-4 Certificates represent beneficial ownership of the REMIC 8 Regular Interest and the right to receive LIBOR Carryover Amounts. For federal income tax purposes, the Class N and Class X Certificates together represent beneficial ownership of the REMIC 9 X/N Interest subject to the obligation to pay LIBOR Carryover Amounts. Each of the Class R-1 and Class R-2 Interests, represented collectively by the Class R Certificates, represents the sole Class of "residual interest" in REMIC 1 and REMIC 2, respectively, for purposes of the REMIC Provisions. Each of the Class R-3, Class R-4, Class R-5, Class R-6, Class R-7, Class R-8 and Class R-9 Interests, represented collectively by the Class R-X Certificates, represent the sole Class of "residual interest" in REMIC 3, REMIC 4, REMIC 5, REMIC 6, REMIC 7, REMIC 8 and REMIC 9, respectively, for purposes of the REMIC provisions. The REMIC 1 Regular...
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Related to REMIC 8

  • REMIC 4 The segregated pool of assets consisting of the Class C Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class C Certificates and the Class R-X Certificates (in respect of the Class R-4 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • REMIC V The segregated pool of assets consisting of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class P Certificates and the Class RX Certificate (in respect of the Class R-5 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC 3 The segregated pool of assets consisting of all of the REMIC 2 Regular Interests conveyed in trust to the Trustee, for the benefit of the Holders of the Regular Certificates and the Class R Certificate (in respect of the Class R-3 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • REMIC VI The segregated pool of assets consisting of the Class IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of REMIC VI Regular Interest IO and the Class RX Certificate (in respect of the Class R-6 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC: A real estate mortgage investment conduit" as defined in Code Section 860D.