REMIC IV definition

REMIC IV. The segregated pool of assets consisting of the Class CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class CE Certificates and the Class RX Certificate (in respect of the Class R-4 Interest), with respect to which a separate REMIC election is to be made.

REMIC IV. The segregated pool of assets consisting of all of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Regular Certificates and the Class R-X Certificate (in respect of the Class R-IV Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

REMIC IV. The segregated pool of assets subject hereto, constituting a portion of the primary trust created hereby and to be administered hereunder, with respect to which a separate REMIC election is to be made, consisting of the REMIC III Regular Interests.

Examples of REMIC IV in a sentence

• In addition, under certain circumstances relating to the qualification of either the Master REMIC or any of REMIC I, REMIC II, REMIC III or REMIC IV as a REMIC under the Code, the Mortgage Loans may be sold, thereby affecting the early retirement of the Certificates.

• In addition, under certain circumstances relating to the qualification of either the Master REMIC or any of REMIC I, REMIC II, REMIC III, REMIC IV or REMIC V as a REMIC under the Code, the Mortgage Loans may be sold, thereby affecting the early retirement of the Certificates.

• The REMIC III Regular Interests shall constitute the assets of REMIC IV.

• The Trustee on behalf of the Trust shall make an election for the assets constituting REMIC IV to be treated for federal income tax purposes as a REMIC.

• In addition, under certain circumstances relating to the qualification of either the Master REMIC or any of REMIC I, REMIC II, REMIC III and REMIC IV as a REMIC under the Code, the Mortgage Loans may be sold, thereby affecting the early retirement of the Certificates.

More Definitions of REMIC IV

REMIC IV. The segregated pool of assets consisting of all of the REMIC III Regular Interests conveyed in trust to the Trustee for the benefit of REMIC V, as holder of the REMIC IV Regular Interests, and the R-IV interest pursuant to Section 2.09, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

REMIC IV. That group of assets contained in the Trust Fund designated as a REMIC consisting of the REMIC III Regular Interests and any proceeds thereof.

REMIC IV. The segregated pool of assets described in the Preliminary Statement and Section 5.07(a).

REMIC IV. That group of assets contained in the Trust Fund designated as a REMIC consisting of REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P and any proceeds thereof.

REMIC IV. The segregated pool of assets of the Trust consisting of the REMIC IV Assets.

REMIC IV. The pool of assets consisting of the REMIC III Regular Interests and all payments of principal or interest on or with respect to the REMIC III Regular Interests after the Cut-Off Date.

REMIC IV. The segregated pool of assets described in the Preliminary Statement consisting of the REMIC III Regular Interests.