Examples of REMIC Certificate in a sentence
Moreover, if as a result of a proposed exchange, a Certificateholder would hold a REMIC Certificate or RCR Certificate of a Class in an amount less than the applicable minimum denomination for that Class, the Certificateholder will be unable to effect the proposed exchange.
All payments made on any REMIC Certificate on any Payment Date shall be applied first to any interest payable thereon on such Payment Date, then to any accrued interest that has been added to the principal thereof and then to the original principal thereof, unless otherwise specified in the related Terms Supplement.
The Administrator and/or its designated agent shall furnish, at such times as required by applicable law, to each Holder of a REMIC Certificate such information as the Administrator deems necessary or desirable to enable Holders and beneficial owners of REMIC Certificates to prepare their United States federal income tax returns, if applicable.
On the related Startup Day and upon payment to the Depositor for any REMIC Certificate or MACR Certificate by a Holder, such Holder shall, by virtue thereof, acknowledge, accept and agree to be bound by all of the terms and conditions of this Agreement.
Unless the certificate of authentication hereon has been executed by or on behalf of the Certificate Registrar by manual or facsimile signature, this R Class REMIC Certificate shall not be entitled to any benefit under the Trust Agreement or be valid for any purpose.