Common use of REMIC STRUCTURE Clause in Contracts

REMIC STRUCTURE. The Trustee shall make elections to treat each of the segregated pools of assets described below as a real estate mortgage investment conduit (each a "REMIC" or, in the alternative, "REMIC 1", "

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Saxon Asset Securities Co), Pooling and Servicing Agreement (Saxon Asset Securities Trust 2001-3)