Issuing REMIC Residual Interest definition

Issuing REMIC Residual Interest. The residual interest (as defined in Code section 860G(a)(2)) in the Issuing REMIC.
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Issuing REMIC Residual Interest. The Class R-I Certificates which ------------------------------- represent the residual interest (as defined in Code section 860G(a)(2)) in the Issuing REMIC.
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Issuing REMIC Residual Interest. The residual interest (as defined in Code section 860G(a)(2)) in the Issuing REMIC. S - 8 FORM OF POOLING & SERVICING AGREEMENT
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Related to Issuing REMIC Residual Interest

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Lower-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Lower-Tier REMIC and evidenced by the Class R Certificates.

  • Upper-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Upper-Tier REMIC and evidenced by the Class R Certificates.