REMIC Opinion definition
REMIC Opinion. An Independent Opinion of Counsel, to the effect that the proposed action described therein would not, under the REMIC Provisions, (i) cause any REMIC created hereunder to fail to qualify as a REMIC while any regular interest in such REMIC is outstanding, (ii) result in a tax on prohibited transactions with respect to any REMIC created hereunder or (iii) constitute a taxable contribution to any REMIC created hereunder after the Startup Day.
REMIC Opinion means an Opinion of Counsel to the effect that the proposed action will not have an adverse affect on any REMIC created hereunder.
REMIC Opinion means an Opinion of Counsel to the effect that the proposed action will not cause any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V or REMIC VI to fail to qualify as a REMIC at any time that any Certificates are outstanding.
Examples of REMIC Opinion in a sentence
Lender may require Borrower to deliver a REMIC Opinion in connection with each of the foregoing.
More Definitions of REMIC Opinion
REMIC Opinion. As defined in Section 3.03 hereof.
REMIC Opinion. An Independent Opinion of Counsel, to the effect that the proposed action described therein would not cause an Adverse REMIC Event.
REMIC Opinion means, as to any matter, an opinion of nationally recognized REMIC counsel as to the compliance of such matter with applicable REMIC Requirements (which such opinion shall be, in form and substance and from a provider, in each case, reasonably acceptable to Lender and acceptable to the Rating Agencies).
REMIC Opinion means, as to any matter, an opinion as to the compliance of such matter with applicable REMIC Requirements (which such opinion shall be, in form and substance and from a provider, in each case, reasonably acceptable to Lender and acceptable to the Rating Agencies).
REMIC Opinion means, with respect to any proposed matter or transaction, an opinion of counsel acceptable to Lender, in form and substance satisfactory to Lender and, if required in accordance with the terms of the transaction documents relating to a Securitization, the Rating Agencies, that the completion of such matter or transaction will not directly or indirectly result in or cause the REMIC Trust or any of its assets to fail to qualify or maintain its status as a REMIC Trust.
REMIC Opinion. An Opinion of Counsel to the effect that a contemplated action will neither adversely affect the status as a REMIC of any REMIC created hereunder nor subject any such REMIC to any tax under the REMIC Provisions.
REMIC Opinion. As defined in Section 9.03.