Common use of Class P REMIC Clause in Contracts

Class P REMIC. The Class P REMIC shall issue the following classes of interests. The Class P Certificates shall represent the regular interest in the Class P REMIC and the Class P-R Interest shall represent the sole class of residual interest in the Class P REMIC. Class P Certificate (1) (1) Class P-R (2) (2) ______________

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Cb5)

Class P REMIC. The Class P REMIC shall issue the following classes of interests. The Class P Certificates shall represent the a regular interest in the Class P REMIC and the Class P-R Interest RX Certificates shall represent ownership of the sole class of residual interest in the Class P REMIC. Class P Certificate Certificates (1) (1) Class P-R (2) (2$100(1) _________________

Appears in 1 contract

Sources: Trust Agreement (GSR Mortgage Loan Trust 2006-Oa1)