REMIC VI definition

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.

REMIC VI. The segregated pool of assets consisting of the Class L3‑SW Regular Interest, conveyed to the Trust, for the benefit of the Holders of the Class L6-SW Regular Interest and the Class R-CX Certificates in respect of the Class R‑6 Residual 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. That group of assets contained in the Trust Fund designated as a REMIC consisting of the REMIC III Regular Interests, REMIC IV Regular Interests and REMIC V Regular Interests and any proceeds thereof.

Examples of REMIC VI in a sentence

• REMIC VI Regular Interest SWAP-IO shall be designated as the Regular Interests in REMIC VI and the Class R-VI Interest shall be designated as the Residual Interest in REMIC VI.

• Conveyance of REMIC Regular Interests and Acceptance of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI by the Trustee; Issuance of Certificates.

• The Trustee shall not permit the creation of any “interests” in any Trust REMIC (within the meaning of Section 860G of the Code) other than the interests identified above as Regular Interests or Residual Interests in REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V or REMIC VI.

• The Supplemental Interest Trust shall hold the Swap Agreement, the Swap Administration Agreement, REMIC VI Regular Interest IO, the Swap Collateral Account and the Swap Account.

• Such election shall be included in the Form 1066 and any appropriate state return to be filed on behalf of REMIC VI for its first taxable year.

More Definitions of REMIC VI

REMIC VI. The segregated pool of assets consisting of all of the REMIC V Regular Interests conveyed in trust to the Trustee for the benefit of the Certificateholders pursuant to Section 2.11 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 P Interest conveyed in trust to the Trustee, for the benefit of the Class P Certificates 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 CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class CE Certificates and the Class R-X Certificate (in respect of the Class R-VI 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 following table sets forth characteristics of the interests in the Group II Master REMIC, each of which, except for the Class R-VI interest, is hereby designated as a “regular interest” in REMIC VI (the “REMIC VI Regular Interests”): REMIC Interests Initial Balance Interest Rate Corresponding Class of Certificates(5) T6-II-1A (1) (2) II-1A T6-II-2A (1) (2) II-2A T6-II-3A (1) (2) II-3A T6-II-X1 (1) (2) II-X1 T6-II-X2 (1) (2) II-X2 T6-II-PO (1) (2) II-PO T6-II-M (1) (2) II-M T6-II-B-1 (1) (2) II-B-1 T6-II-B-2 (1) (2) II-B-2 T6-II-B-3 (1) (2) II-B-3 T6-II-B-4 (1) (2) II-B-4 T6-II-B-5 (1) (2) II-B-5 T6-II-P (3) (3) II-P R-VI (1) (2) II-R ____________________

REMIC VI. The Class R-6 Interest represents the sole class of Residual Interests in REMIC VI for purposes of the REMIC Provisions. The following table sets forth the designation, Pass-Through Rate, initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated class of interests that represents a Regular Interest in REMIC VI created hereunder: Initial Uncertificated Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date(1) ----------- ----------------- ----------------- ---------------- IO(2) (3) (4) March 25, 2035

REMIC VI. The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC VI, each of which (other than the R-VI interest) is hereby designated as a regular interest in REMIC VI (the “REMIC VI Regular Interests”): REMIC Interest Initial Principal Balance of REMIC Interest Interest Rate T6-P&I (1) (2) T6-Subs-PO (3) (4) T6-Subs-IO (5) (5) R-VI (6) (6) ____________________

REMIC VI. The segregated pool of assets described in Section 6.07(a).