Common use of Designation of Interests in the REMIC Clause in Contracts

Designation of Interests in the REMIC. The Depositor hereby designates the Classes of Senior Certificates (other than the Class CB-IO, Class 15-IO, Class X-PO and Class 1-CB-R Certificates) and the Classes of Class 30-B Certificates, the Classes of Class 15-B Certificates and each Component as "regular interests" and the Class 1-CB-R Certificate as the single class of "residual interest" in the REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Series 2004-8)

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Designation of Interests in the REMIC. The Depositor hereby designates the Classes of Senior Certificates (other than the Class CB-IOPO, Class 15-IO, Class X-PO SES and Class 1-CBA-R Certificates) and ), the Classes of Class 301-B Certificates, the Classes of Class 152-B Certificates and each Component as "regular interests" and the Class 1-CBA-R Certificate as the single class of "residual interest" in the REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust Series 2003 7)

Designation of Interests in the REMIC. The Depositor hereby designates the Classes of Senior Certificates (other than the Class CB-IOPO, Class 15-IO, Class X-PO SES and Class 1-CB-R Certificates) and ), the Classes of Class 301-B Certificates, the Classes of Class 152-B Certificates and each Component as "regular interests" and the Class 1-CB-R Certificate as the single class of "residual interest" in the REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2003-5)

Designation of Interests in the REMIC. The Depositor hereby designates the Classes of Senior Certificates (other than the Class CB1-IO, A-R and Class 15-IO, Class XA-PO and Class 1-CB-R Certificates) and each Component and the Classes of Class 30-B Certificates, the Classes of and Class 15-B Certificates and each Component as "regular interests" and the Class 1-CBA-R Certificate as the single class of "residual interest" in the REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-6 Trust)

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Designation of Interests in the REMIC. The Depositor hereby designates the Classes of Senior Certificates (other than the Class CB-IO, Class 15-IO, Class X30-PO and Class 1-CBA-R Certificates) and the Classes of Class 30-B Certificates, the Classes of Class 15-B Subordinate Certificates and each Component as "regular interests" and the Class 1-CBA-R Certificate as the single class of "residual interest" in the REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-1 Trust)

Designation of Interests in the REMIC. The Depositor hereby designates the Classes of Senior Certificates (other than the Class CB1-IO, Class 15A-IO, R and Class X-PO and Class 1-CB-R Certificates) and ), the Classes of Class 30-B Certificates, the Classes of and Class 15-B Certificates and each Component as "regular interests" and the Class 1-CBA-R Certificate as the single class of "residual interest" in the REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-3)

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