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 REMIC V Regular Interests B-IO-I and B-IO-P and any proceeds thereof.
Examples of REMIC VI in a sentence
The Trustee shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, and REMIC VI be treated as a REMIC under Section 860D of the Code.
With respect to REMIC VI Regular Interest IO, an amount equal to the Uncertificated Notional Amount of the Class IO Interest.
Each of REMIC I, REMIC II, REMIC III, and REMIC IV (each a “Group I REMIC”) shall relate to Group I, and each of REMIC V and REMIC VI (each a “Group II REMIC”) shall relate to Group II.
The REMIC V Regular Interests shall constitute the assets of REMIC VI (the “Group II Master REMIC”).
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 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 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 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 segregated pool of assets consisting of all of the Class M-5 Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class M-5 Certificates pursuant to Section 2.12, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
REMIC VI. The pool of assets consisting of the REMIC V Regular Interests and all payments of principal or interest on or with respect to the REMIC V Regular Interests after the Cut-Off Date.