REMIC IV. As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class R-IV Interest represents the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC IV created hereunder: Class Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class CE Certificates Variable(2) $14,145,1488.40 March 25, 2036 _______________
REMIC IV. As provided herein, the Securities Administrator on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Class I-C Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. The Class I-RX Certificates represent the sole class of Residual Interests in REMIC IV for purposes of the REMIC Provisions. The following table sets forth the Class designation, Pass-Through Rate, Initial Certificate 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 Certificates that represents a Regular Interest in REMIC IV created hereunder: Class Designation Pass-Through Rate Initial Certificate Principal Balance Latest Possible Maturity Date(1) I-C Variable(2) $ 382,737,496.87 June 25, 2036 _______________
REMIC IV. As provided herein, the Trustee shall elect to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets shall be designated as “REMIC IV.” The Class R-IV Interest shall evidence the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated classes of Certificates and interests. Each Certificate, other than the Class P Certificate, the Class CE Certificate and the Class R Certificates, represents ownership of a Regular Interest in REMIC IV and also represents (i) the right to receive payments with respect to the Net WAC Rate Carryover Amount (as defined herein) and (ii) the obligation to pay Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class A-1 Variable(2) $ 639,421,000.00 March 25, 2036 Class A-2A Variable(2) $ 239,889,000.00 March 25, 2036 Class A-2B Variable(2) $ 111,272,000.00 March 25, 2036 Class A-2C Variable(2) $ 127,730,000.00 March 25, 2036 Class A-2D Variable(2) $ 44,512,000.00 March 25, 2036 Class M-1 Variable(2) $ 57,809,000.00 March 25, 2036 Class M-2 Variable(2) $ 50,396,000.00 March 25, 2036 Class M-3 Variable(2) $ 29,645,000.00 March 25, 2036 Class M-4 Variable(2) $ 26,680,000.00 March 25, 2036 Class M-5 Variable(2) $ 25,199,000.00 March 25, 2036 Class M-6 Variable(2) $ 23,716,000.00 March 25, 2036 Class M-7 Variable(2) $ 22,234,000.00 March 25, 2036 Class M-8 Variable(2) $ 18,528,000.00 March 25, 2036 Class M-9 Variable(2) $ 12,599,000.00 March 25, 2036 Class M-10 Variable(2) $ 11,858,000.00 March 25, 2036 Class M-11 Variable(2) $ 14,822,000.00 March 25, 2036 Class CE Interest Variable(2)(3) $ 25,941,268.56 March 25, 2036 Class P Interest Variable(2)(4) $ 100.00 March 25, 2036 Class SWAP-IO Interest N/A(5) N/A(5) March 25, 2036 ________________
REMIC IV. As provided herein, the Securities Administrator on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Class C Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. The Class R-4 Interest represents the sole class of Residual Interests in REMIC IV for purposes of the REMIC Provisions. The following table sets forth the Class designation, Pass-Through Rate, Initial Certificate 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 Certificates that represents a Regular Interest in REMIC IV created hereunder. Each Class C Certificate represents ownership of a Regular Interest in REMIC IV and also represents (i) the obligation to pay certain amounts specified herein in respect of Basis Risk Shortfall Carry Forward Amounts and (ii) the right to receive Class IO Distribution Amounts. Class Designation Pass-Through Rate Initial Certificate Principal Balance Latest Possible Maturity Date(1) C Variable(2) $ 14,169,943.04 October 25, 2036 _______________
REMIC IV. As provided herein, the Trustee will make an election to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class II-1-R-2 Certificates will represent the sole class of Residual Interests in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC IV Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC IV Regular Interests (as defined herein). None of the REMIC IV Regular Interests will be certificated. Designation Initial Uncertificated Principal Balance Uncertificated REMIC IV Pass-Through Rate Latest Possible Maturity Date(1) II-1-A-1 $ 92,576,000.00 (2) September 25, 2020 II-1-A-2 $ 29,513,254.00 (2) September 25, 2020 II-2-A $ 394,791,000.00 (2) September 25, 2020 II-B-1 $ 18,181,000.00 (2) September 25, 2020 II-B-2 $ 8,112,000.00 (2) September 25, 2020 II-B-3 $ 4,476,000.00 (2) September 25, 2020 II-B-4 $ 5,036,000.00 (2) September 25, 2020 II-B-5 $ 3,357,000.00 (2) September 25, 2020 II-B-6 $ 2,797,788.41 (2) September 25, 2020 II-1-X (4) (3) September 25, 2020 II-1-PO $ 536,221.52 0.00% September 25, 2020 II-1-R-3 $ 50.00 0.00% September 25, 2020 II-1-P $ 100.00 0.00% September 25, 2020 II-2-P $ 100.00 0.00% September 25, 2020 ___________________
REMIC IV. As provided herein, the Trust Administrator will elect to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC IV. Component II of the Class AR Certificates will represent the sole Class of "residual interests" in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC IV and Component II of the Class AR Certificates. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC IV Regular Certificates shall be the Maturity Date.
REMIC IV. As provided herein, the Securities Administrator on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. The Class I-R-3 Certificates will represent the sole class of Residual Interests in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, Pass-Through Rate, Initial Certificate Principal Balance (or initial Uncertificated Principal Balance, in the case of the Class C Interests and Class IO Interests) and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each class of Certificates and interests that represents ownership of one or more of the Regular Interests in REMIC IV created hereunder. Each Certificate, other than the Class C Certificates and Class R Certificates, represents ownership of a Regular Interest in REMIC IV and also represents (i) the right to receive certain amounts specified herein in respect of related Basis Risk Shortfall Carry Forward Amounts (as defined herein) and (ii) the obligation to pay related Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate. Each Class C Certificate represents ownership of a Regular Interest in REMIC IV and also represents the obligation to pay certain amounts specified herein in respect of related Basis Risk Shortfall Carry Forward Amounts. Designation Pass-Through Rate Initial Certificate or Uncertificated Principal Balance Latest Possible Maturity Date (1) I-A(4) Variable(2) $ 202,094,000.00 April 25, 2036 I-M-1(4) Variable(2) $ 15,234,000.00 April 25, 2036 I-M-2(4) Variable(2) $ 15,524,000.00 April 25, 2036 I-M-3(4) Variable(2) $ 5,514,000.00 April 25, 2036 I-M-4(4) Variable(2) $ 6,965,000.00 April 25, 2036 I-M-5(4) Variable(2) $ 6,238,000.00 April 25, 2036 I-M-6(4) Variable(2) $ 4,206,000.00 April 25, 2036 I-B-1(4) Variable(2) $ 4,496,000.00 April 25, 2036 I-B-2(4) Variable(2) $ 4,351,000.00 April 25, 2036 I-B-3(4) Variable(2) $ 3,771,000.00 April 25, 2036 I-B-4(4) Variable(2) $ 4,642,000.00 April 25, 2036 Class I-C Interest Variable(2)(3) $ 17,119,940.59 April 25, 2036 Class I-IO Interest (5) (6) April 25, 2036 II-A-1(4) Variable(2) $...
REMIC IV. As provided herein, the Trust Administrator will elect to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class R-IV Interest will evidence the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Classes of Certificates, the Class CE Interest, the Class IO Interest and the Class P Interest, which are uncertificated. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class A-1 Variable(2) $ 148,683,000.00 July 2037 Class A-2A Variable(2) $ 64,806,000.00 July 2037 Class A-2B Variable(2) $ 32,832,000.00 July 2037 Class A-2C Variable(2) $ 7,599,000.00 July 2037 Class X-1 Variable(2) (3) July 2037 Class M-1 Variable(2) $ 9,812,000.00 July 2037 Class M-2 Variable(2) $ 8,120,000.00 July 2037 Class M-3A Variable(2) $ 6,507,000.00 July 2037 Class M-3B Variable(2) $ 8,380,000.00 July 2037 Class M-4 Variable(2) $ 4,737,000.00 July 2037 Class M-5 Variable(2) $ 6,597,000.00 July 2037 Class M-6 Variable(2) $ 5,245,000.00 July 2037 Class M-7 Variable(2) $ 3,552,000.00 July 2037 Class M-8 Variable(2) $ 2,538,000.00 July 2037 Class M-9 Variable(2) $ 4,906,000.00 July 2037 Class CE Interest Variable(4) $ 24,022,674.87 July 2037 Class P Interest (5) $ 100.00 July 2037 Class IO Interest (6) July 2037 _______________
REMIC IV. As provided herein, the Trust Administrator shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class RX-IV Interest represents the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation and initial Class Certificate Balance for the Class P Certificates that represents a “regular interest” in REMIC IV created hereunder: Class Assumed Final Class Designation Pass-Through Rate Certificate Balance Maturity Date(1) Class P Certificate N/A $100.00(2) January 2036
REMIC IV. As provided herein, the Trustee will make an election to treat the segregated pool of assets consisting of the Class X Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. The R-IV Interest will represent the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Initial Certificate Principal Balance for the Class X Certificates: Class Designation Initial Certificate Principal Balance Pass-Through Rate Latest Possible Maturity Date(1) Class X $ 35,628,861.67 (2) November 2036
