Middle-Tier REMIC definition

Middle-Tier REMIC. As described in the Preliminary Statement.

Middle-Tier REMIC. As defined in the Preliminary Statement, the assets of which consist of the Uncertificated Lower-Tier Interests and such amounts as shall from time to time be deemed held in the Middle-Tier Certificate Sub-Account.

Middle-Tier REMIC. As specified in the Preliminary Statement.

Examples of Middle-Tier REMIC in a sentence

• Given the geography and varying population densities and characteristics of the Township, a degree of variation is acceptable.

• The Lower Tier Regular Interests shall be issued as non-certificated interests and recorded on the records of the Lower Tier REMIC as being issued to and held by Xxxxxx Mae in its capacity as Trustee of the Middle Tier REMIC.

• Any Lower Tier Regular Interests will be non-certificated interests and will be held in the related Upper Tier REMIC (in the case of a Two Tier Series) or in the related Middle Tier REMIC (in the case of a Three Tier Series).

• The RM Class Certificate of each Three Tier Series is hereby designated as the sole “residual interest” in the related Middle Tier REMIC within the meaning of Section 860G(a)(2) of the Internal Revenue Code, and the Middle Tier Regular Interests of each such Three Tier Series are hereby designated as “regular interests” in such REMIC within the meaning of Section 860G(a)(1) of the Internal Revenue Code.

• Any Series with a Lower Tier REMIC, a Middle Tier REMIC and an Upper Tier REMIC.

More Definitions of Middle-Tier REMIC

Middle-Tier REMIC. As described in the Preliminary Statement to this Agreement.

Middle-Tier REMIC. The Middle-Tier REMIC as described in Section 2.04.

Middle-Tier REMIC. The REMIC described in Section 2.07 which is the issuer of the Middle-Tier REMIC Regular Interests and the MR Interest.

Middle-Tier REMIC. The Middle Tier REMIC as described in the Preliminary Statement hereto.

Middle-Tier REMIC. As described in the Preliminary Statement. MIN: The mortgage identification number for any MERS Mortgage Loan.

Middle-Tier REMIC. One of the three separate REMICs comprising the Trust Fund, the assets of which consist of the Uncertificated Lower-Tier Interests and such amounts as shall from time to time be held in the Middle-Tier Distribution Account.

Middle-Tier REMIC. One of the three separate REMICs comprising the Trust Estate, the assets of which consist of the Uncertificated Lower-Tier Interests and such amounts as shall from time to time be held in the Middle-Tier Certificate Account. MIN: A MERS Mortgage Identification Number assigned to a Mortgage Loan registered under MERS.