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Common use of Designation of Interests in REMICs Clause in Contracts

Designation of Interests in REMICs. The Trust Fund for federal income tax purposes will consist of four REMICs ("

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Cit Home Equity Loan Trust 2003-1)

Designation of Interests in REMICs. [The Trust Fund for federal income tax purposes will consist of four REMICs ("

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Cit Group Securitization Corp Iii)

Related Clauses

  • Redemption of Partnership Interests of Ineligible Holders
  • Redemption of Partnership Interests of Non-citizen Assignees
  • Capitalization of Interest
  • Designation of Restricted and Unrestricted Subsidiaries
  • Designation of Unrestricted Subsidiaries

Parent Clauses

  • Definitions Rules of Construction
  • ESTABLISHMENT AND ORGANIZATION OF THE TRUST
  • Conveyance of Initial Mortgage Loans
  • Establishment of the Trust Transfer of Mortgage Loans
  • Conveyance of Initial Mortgage Loans Original Issuance of Certificates Tax Treatment

Sub-Clauses

  • The Master REMIC
  • Subsidiary REMIC
  • Conveyance of Mortgage Loans
  • Acceptance of REMIC I by the Trustee
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