REMIC Declaration definition

REMIC Declaration. With respect to any Mortgage Loan REMIC, the separate REMIC declaration pursuant to which such Mortgage Loan REMIC was formed. For the avoidance of doubt, there will be no Mortgage Loan REMICs and, accordingly, no REMIC Declarations, and all references in this Agreement to “REMIC Declaration” and “REMIC Declarations” shall be disregarded.

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REMIC Declaration. With respect to any Loan REMIC Held Mortgage Loan, the related REMIC declaration pursuant to which the related Loan REMIC is created. Because the Trust Fund will not include any Loan REMIC Held Mortgage Loan as of the Closing Date, there will be no REMIC Declaration. Accordingly, all references in this Agreement to “REMIC Declaration” shall be disregarded.

REMIC Declaration. With respect to the Centene REMIC or the Centene Mortgage Loan, the Centene REMIC Declaration. With respect to the 1516 Motor Parkway REMIC or the 1516 Motor Parkway Mortgage Loan, the 1516 Motor Parkway REMIC Declaration. With respect to the 500 Delaware REMIC or the 500 Delaware Mortgage Loan, the 500 Delaware REMIC Declaration.

Examples of REMIC Declaration in a sentence

• For the avoidance of doubt, the Trust Fund will not include any Loan REMIC Held Mortgage Loan or Loan REMIC as of the Closing Date, and there will be no REMIC Declaration, Loan REMIC Regular Interest and Loan REMIC Residual Interest with respect to the Trust, and no Loan REMIC Residual Distribution Account shall be established.

• Amounts deposited into and withdrawn from the Collection Account in respect of any Loan REMIC Held Mortgage Loan shall be deemed to be distributed in respect of the related Loan REMIC Regular Interest and the related Loan REMIC Residual Interest in accordance with the related REMIC Declaration.

• For the avoidance of doubt, the Trust Fund will not include any Loan REMIC Held Mortgage Loan or Loan REMIC as of the Closing Date, and there will be no REMIC Declaration, Loan REMIC Regular Interest or Loan REMIC Residual Interest with respect to the Trust, and no Loan REMIC Residual Distribution Account shall be established.

• Prior to the applicable Distribution Date, the Master Servicer shall withdraw from the Collection Account and remit to the Certificate Administrator on the applicable Master Servicer Remittance Date for deposit in the Loan REMIC Residual Distribution Account amounts deemed distributed on the Loan REMIC Residual Interest from the Loan REMIC pursuant to the related REMIC Declaration prior to the Determination Date for the applicable Collection Period.

More Definitions of REMIC Declaration

REMIC Declaration. (a) With respect to the Alabama Hilton Portfolio REMIC or the Alabama Hilton Portfolio Mortgage Loan, the Alabama Hilton Portfolio REMIC Declaration, and (b) with respect to the Residence Inn ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ or the Residence Inn ▇▇▇▇▇▇▇▇ Mortgage Loan, the Residence Inn ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Declaration.

REMIC Declaration. With respect to the 800 ▇▇▇▇▇ ▇▇▇▇▇▇ REMIC or the 800 ▇▇▇▇▇ ▇▇▇▇▇▇ Mortgage Loan, the 800 ▇▇▇▇▇ ▇▇▇▇▇▇ REMIC Declaration.

REMIC Declaration. As defined in the Preliminary Statement.