Examples of REMIC Election in a sentence

REMIC Election and Special Tax AttributesWe will elect to treat the Trust as a REMIC for federal income tax purposes.
REMIC Election and Special Tax Attributes We will elect to treat the Trust as a REMIC for federal income tax purposes.
REMIC Election and Special Tax AttributesAn election will be made to treat the Trust as a REMIC for federal income tax purposes.
For the avoidance of doubt, if the purpose of any amendment is to add or eliminate any provisions relating to a REMIC Election, then notwithstanding any provision to the contrary contained in Section 12.1 or Section 12.2, such amendment shall not require the consent of the Noteholders or the Certificateholders.
REMIC Election and Special Tax AttributesWe will make a REMIC election with respect to the REMIC set forth in the table under “Description of the Certificates—General—Structure.” The Regular Classes will be designated as “regular interests” and the Residual Class will be designated as the “residual interest” in the REMIC as set forth in that table.

More Definitions of REMIC Election

REMIC Election means one or more elections to classify a segregated pool of assets as a real estate mortgage investment conduit within the meaning of Code section 860D. For the avoidance of doubt, no REMIC Election shall be permitted unless the conditions precedent provided in Section 13.19(b) are satisfied.

REMIC Election. An election will be made to treat some or all of the assets of the Trust (other than the Pre-Funding Account, the Capitalized Interest Account and amounts on deposit therein) as one or more real estate mortgage investment conduits for federal income tax purposes (the "REMIC"). The Class A-1, Class A-2, Class A-3, Class A-4, Class A-IO, Class M-1, Class M-2, Class B-1, Class B-2 and Class X Certificates will be designated as "regular interests" in a REMIC. The Class R Certificates will be designated as the sole class of "residual interests" in each of the issuing REMIC, the intermediate REMIC and the pooling REMIC for federal income tax purposes.

REMIC Election. Yes. Cut-Off Date: March 1, 2007. Final Structure Due Date: March 12, 2007. Delivery of Final Prospectus (if the final structure is not delivered to the Depositor by the Final Structure Due Date): Final Structure Delivered to the Delivery of Final Prospectus to Depositor Underwriter By March 16, 2007: One Business Day before Closing Date. By March 21, 2007: Closing Date. March 21, 2007 or later: As determined by the Depositor, possible change of Closing Date.

REMIC Election. Three or more REMIC elections.

REMIC Election. Yes. Cut-Off Date: ___________ 1, 20___ Final Structure Due Date: ___________ ___, 20___ Distributions: Distributions will be made monthly on the 25th day of each month or the next succeeding Business Day (the "Distribution Date"). Servicing Fee (Monthly fee payable to the Servicer): [ ] % per annum (or as described in the prospectus supplement). Master Servicing Fee (Monthly fee [ ]% per annum. payable to the Master Servicer):

REMIC Election. One or more elections will be made to treat the Mortgage Loans and related assets of the Trust as a real estate mortgage investment conduit (the "REMIC"). Each holder of a Certificate other than Class A-IO, Class C, Class S and Class X-IO Certificates will be treated as (i) holding an individual interest in a REMIC regular interest corresponding to such Certificate and (ii) as having entered into a limited recourse interest rate cap contract. The Class A-IO, Class C, Class S and Class X-IO Certificates will represent ownership of REMIC "regular interests" for federal income tax purposes. The Class R Certificates will be designated as the "residual interest" in a REMIC. The Class P Certificates do not represent an interest in any REMIC created under the Pooling and Servicing Agreement.