Common use of Adverse REMIC Event Clause in Contracts

Adverse REMIC Event. Either (i) termination of the REMIC status of any group of assets identified as a REMIC in the Q-Trust Documents or (ii) imposition of a tax, including the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code and the tax on Amendment: A document that amends or supplements this Trust Agreement or an Issue Supplement.

Adverse REMIC Event. Either (i) termination of the REMIC status of any group of assets identified as a REMIC in the QI-Trust Documents or (ii) imposition of a tax, including the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in section 860G(d) of the Code, on any REMIC created under the I-Trust Documents. Amendment: A document that amends or supplements this Trust Agreement or an Issue Supplement.