REMIC Interest definition

REMIC Interest. Any of the REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V Interests.
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REMIC Interest. Any of the REMIC I Interests and the REMIC II Interests.
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REMIC Interest. Any of the REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI Interests. REMIC Opinion: An Opinion of Independent Counsel, to the effect that the proposed action described therein would not, under the REMIC Provisions, (i) cause any 2006-6 REMIC to fail to qualify as a REMIC while any regular interest in such 2006-6 REMIC is outstanding, (ii) result in a tax on prohibited transactions with respect to any 2006-6 REMIC or (iii) constitute a taxable contribution to any 2006-6 REMIC after the Startup Day.
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Examples of REMIC Interest in a sentence

  • In the event that the Note Rate on a Mortgage Loan is reduced as a result of a modification of the terms of such Mortgage Loan, such modification shall be disregarded for purposes of calculating the Certificate Rate on any Class of Certificates or Class of REMIC Interest.

  • Each interest identified in the first table below by a designation beginning with "L" shall be a "regular interest" in the Lower REMIC and a Lower REMIC Interest, and the RL Interests shall be the sole class of residual interest in the Lower REMIC.

  • To the extent that the Class Principal Amount of any Class of Certificates has been increased on account of Subsequent Recoveries pursuant to the provisions of subsection 5.03(e), the principal balance of the corresponding Lower Tier REMIC Interest shall be increased by the same amount.

  • Subsequent Recoveries distributed to a Class of Certificates pursuant to the provisions of subsection 5.03(e) shall be deemed to have been distributed to the corresponding Lower Tier REMIC Interest.

  • Interest is to be distributed with respect to each Swap-IO REMIC Interest at the rate, or according to the formulas, described above.

  • Each Swap-IO REMIC Interest (other than the SWR-A-R Interest) is hereby designated as a regular interest in the Swap-IO REMIC.

  • Each Strip REMIC Interest (other than the STR-A-R Interest) is hereby designated as a regular interest in the Strip REMIC.

  • Interest is to be distributed with respect to each Strip REMIC Interest at the rate, or according to the formulas, described above.

  • Each interest identified in the first table below by a designation beginning with “L” shall be a “regular interest” in the Lower REMIC and a Lower REMIC Interest, and the RL Interest shall be the sole class of residual interest in the Lower REMIC.

  • Each Lower Tier REMIC Interest (other than the Class LT-A-R Interest) is hereby designated as a regular interest in the Lower Tier REMIC.


More Definitions of REMIC Interest

REMIC Interest. Any of the REMIC I Interests, REMIC II Interests, REMIC III Interests, REMIC IV Interests and REMIC V Interests. REMIC Opinion: An Opinion of Independent Counsel, to the effect that the proposed action described therein would not, under the REMIC Provisions, (i) cause any 2006-AR3 REMIC to fail to qualify as a REMIC while any regular interest in such 2006-AR3 REMIC is outstanding, (ii) result in a tax on prohibited transactions with respect to any 2006-AR3 REMIC or (iii) constitute a taxable contribution to any 2006-AR3 REMIC after the Startup Day.
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REMIC Interest means, collectively, the Assets that are identified on the Asset Schedule as Commercial Mortgage Pass-Through Certificates.
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