Examples of REMIC III Interests in a sentence
Such election will be made on Form 1066 or other appropriate federal tax or information return or any appropriate state return for the taxable year ending on the last day of the calendar year in which the REMIC III Interests are issued.
The Trustee and the Certificate Administrator shall not permit the creation of any “interests” (within the meaning of Section 860G of the Code) in any of the REMIC Pools other than the REMIC I Interests, the REMIC II Interests and the REMIC III Interests.
The Class A-I, Class A-II, Class A-III, Class A-IV, (excluding the Class A-I-IO, Class A-III-IO and Class A-IV-IO Certificates) Class M, Class B Certificates and each of the Uncertificated Class A-I-IO REMIC III Interests, Uncertificated Class A-III-IO REMIC III Regular Interests and Uncertificated Class A-IV-IO REMIC III Regular Interest shall be designated as the "regular interests" in REMIC III and the Class R-III Certificates shall be designated the sole class of "residual interests" in REMIC III.
Net Prepayment Shortfalls and Excess Losses shall be allocated among the Classes of REMIC III Interests in the same manner that such items are allocated among the Corresponding Classes of Certificates or Components.
REMIC Interest: Any of the REMIC I, REMIC II and REMIC III Interests.