REMIC IX definition

REMIC IX. The segregated pool of assets consisting of the Class II-P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class II-P Certificates and the Class II-RX Certificate (in respect of the Class II-R-9 Interest), with respect to which a separate REMIC election is to be made.
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REMIC IX. The segregated pool of assets consisting of the Class A-2B1 Swap-IO Interest conveyed in trust to the Trustee, for the benefit of the REMIC IX Regular Interest Class A-2B1 Swap-IO and the Class R-X Certificate (in respect of the Class R-IX Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
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REMIC IX. The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC IX, each of which (other than the R-IX interest) is hereby designated as a regular interest in REMIC IX (the “REMIC IX Regular Interests”): REMIC Interest Initial Principal Balance of REMIC Interest Interest Rate T9-A (4) (1) T9-F1 $ 101,034,000.00 (2) T9-V1(6) $ 101,034,000.00 (3) T9-IO (7) (7) T9-A2A-IO (9) (9) T9-Subs-IO (8) (8) R-IX (5) (5) ___________________
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Examples of REMIC IX in a sentence

  • The Class II-R-9 Interest represents the sole class of Residual Interests in REMIC IX for purposes of the REMIC Provisions.

  • As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class A-2B1 Swap-IO Interest as a REMIC for federal income tax purposes, and such segregated pool of assets shall be designated as “REMIC IX.” The Class R-IX Interest represents the sole class of “residual interests” in REMIC IX for purposes of the REMIC Provisions.

  • The REMIC IX Regular Interests shall constitute the assets of REMIC X.

  • We identified two main issues, namely the presence of biases and questionable emotion labelling.

  • The Retail Value is the value that a dealer would expect to receive if they sold a vehicle on their lot.

  • The REMIC VIII Regular Interests shall constitute the assets of REMIC IX.

  • Conveyance of the Class P Interest; Acceptance of REMIC IX by the Trustee...............................78 Section 2.16.

  • The Class P Certificates shall be designated as Regular Interests in REMIC IX and the Class R-IX Interest shall be designated as the Residual Interest in REMIC IX.

  • On each Distribution Date, 100% of the amounts deemed distributed on REMIC II Regular Interest I-LTIO shall be deemed distributed by REMIC III to REMIC IX in respect of the Class I-Swap-IO REMIC III Regular Interest.

  • The Trustee acknowledges receipt of the Class P Interest and declares that it holds and will hold the same in trust for the exclusive use and benefit of all present and future Holders of the Class P Certificates and the Class R-X Certificates, in respect of the Class R-IX Interest, and REMIC IX (as holder of the Class P Certificates).


More Definitions of REMIC IX

REMIC IX. As provided herein, the Securities Administrator will elect to treat the segregated pool of assets consisting of the Class I-Swap-IO REMIC III Regular Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC IX." The Class RX-IX Interest represents the sole class of "residual interests" in REMIC IX for purposes of the REMIC Provisions. The following table sets forth (or describes) the designation, Pass-Through Rate and initial Uncertificated Balance for the Class I-Swap-IO REMIC IX Regular Interest comprising the "regular interest" in REMIC IX for purposes of the REMIC Provisions: Initial Latest Possible Designation Pass-Through Rate Uncertificated Balance Maturity Date(1) ----------- ----------------- ---------------------- ---------------- I-Swap-IO (2) (2) December 25, 2036 _____________________
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Related to REMIC IX

  • 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 III The segregated pool of assets consisting of all of the REMIC II Regular Interests conveyed in trust to the Trustee, for the benefit of the REMIC III Certificateholders pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • REMIC II The segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests conveyed in trust to the Trustee for the benefit of the holders of each Class of Certificates (other than the Class R-I Certificates) pursuant to Section 2.06, with respect to which a separate REMIC election is to be made.

  • REMIC A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code.

  • REMIC I The segregated pool of assets subject hereto, constituting the primary trust created hereby and to be administered hereunder, with respect to which a REMIC election is to be made, consisting of (i) such Mortgage Loans as from time to time are subject to this Agreement, together with the Mortgage Files relating thereto, and together with all collections thereon and proceeds thereof, (ii) any REO Property, together with all collections thereon and proceeds thereof, (iii) the Trustee’s rights with respect to the Mortgage Loans under all insurance policies required to be maintained pursuant to this Agreement and any proceeds thereof, (iv) the Depositor’s rights under each of the Mortgage Loan Purchase Agreement and the Assignment and Assumption Agreement (including any security interest created thereby) and (v) the Collection Account (other than any amounts representing any Servicer Prepayment Premium Payment Amount), the Distribution Account (other than any amounts representing any Servicer Prepayment Premium Payment Amount) and any REO Account and such assets that are deposited therein from time to time and any investments thereof, together with any and all income, proceeds and payments with respect thereto. Notwithstanding the foregoing, however, REMIC I specifically excludes all payments and other collections of principal and interest due on the Mortgage Loans on or before the Cut-off Date and all Prepayment Premiums payable in connection with Principal Prepayments made on or before the Cut-off Date, the Net WAC Reserve Fund, the Supplemental Interest Trust, the Supplemental Interest Account and the Swap Agreement.

  • REMIC V The segregated pool of assets consisting of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class P Certificates and the Class RX Certificate (in respect of the Class R-5 Interest), with respect to which a separate REMIC election is to be made.

  • REMIC I Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and, in each such case, designated as a “regular interest” (within the meaning of Section 860G(a)(1) of the Code) in REMIC I. The REMIC I Regular Interests have the designations and terms provided for in Section 2.11.

  • REMIC II Regular Interest Any of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a “regular interest” in REMIC II. Each REMIC II Regular Interest shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC II Regular Interests are set forth in the Preliminary Statement hereto.

  • REMIC III Regular Interest The Class CE Interest, Class P Interest, Class IO Interest or any Regular Interest in REMIC III the ownership of which is represented by any of the Class A Certificates or Class M Certificates.

  • REMIC I Regular Interests The Classes of undivided beneficial interests in REMIC I designated as “regular interests” in the table titled “REMIC I Interests” in the Preliminary Statement hereto. The REMIC I Regular Interests, together with the Class R-1 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC I Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Uncertificated REMIC I Regular Interests The Uncertificated REMIC I Regular Interests Z together with the interests identified in the table below, each representing an undivided beneficial ownership interest in REMIC I, and having the following characteristics:

  • REMIC II Regular Interests The Classes of undivided beneficial interests in REMIC II designated as “regular interests” in the table titled “REMIC II Interests” in the Preliminary Statement hereto. The REMIC II Regular Interests, together with the Class R-2 Residual Interest, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • REMIC I Assets All of the Mortgage Pool Assets.

  • REMIC III Regular Interests The Classes of undivided beneficial interests in REMIC III designated as “regular interests” in the table titled “REMIC III Interests” in the Preliminary Statement hereto.

  • REMIC II Assets The REMIC I Regular Interests.

  • REMIC Regular Interest Any REMIC I Regular Interest or REMIC II Regular Interest.

  • REMIC Regular Interests The REMIC I Regular Interests and REMIC II Regular Interests.

  • REMIC 4 The segregated pool of assets consisting of the Class C Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class C Certificates and the Class R-X Certificates (in respect of the Class R-4 Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • REMIC VI The segregated pool of assets consisting of the Class IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of REMIC VI Regular Interest IO and the Class RX Certificate (in respect of the Class R-6 Interest), with respect to which a separate REMIC election is to be made.

  • Lower Tier REMIC Regular Interests Each of the Lower Tier REMIC Interests other than the Class LTR Interest.

  • REMIC: A real estate mortgage investment conduit" as defined in Code Section 860D. "The REMIC" means the REMIC constituted by the Trust Estate.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • REMIC 1 Regular Interest Each of the REMIC 1 Interests other than the Class LT1-R Interest.

  • REMIC 2 Regular Interest Each of the REMIC 2 Interests other than the Class LT2-R Interest.

  • REMIC 1 As described in the Preliminary Statement.

  • REMIC 1 Regular Interests REMIC 1 Regular Interest LT1A, REMIC 1 Regular Interest LT1B, REMIC 1 Regular Interest LT1C, REMIC 1 Regular Interest LT1D and REMIC 1 Regular Interest LT1P.