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

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests as "regular interests" and the Class SI-UR Interest as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular Interests as classes of "regular interests" and the Class SI-MR Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (ii) the Uncertificated Shifting Interest Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-LR Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-1 Trust), Pooling and Servicing Agreement (Banc of America Funding 2007-4 Trust), Pooling and Servicing Agreement (Banc of America Funding 2007-3 Trust)

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Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests as "regular interests" and the Class SI-UR Interest as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular Interests as classes of "regular interests" and the Class SI-MR Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (ii) the Uncertificated Shifting Interest Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-LR Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-7 Trust), Pooling and Servicing Agreement (Banc of America Funding 2006-7 Trust)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest UpperClasses of Class A Certificates (other than the Class 1-Tier Regular Interests A-R, Class 1-A-MR, Class 1-A-LR, Class X-PO and Class 30-IO Certificates) and the Classes of Class X-B, Class 2-B and Class 5-B Certificates and each Component as "regular interests" and the Class SI1-UR Interest A-R Certificate as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Class 1-L Interest, Class 1-LS Interest, Class 1-LIO Interest, Class 1-LPO Interest, Class 2-L Interest, Class 2-LIO Interest, Class 2-LPO Interest, Class 3-L Interest, Class 3-LS Interest, Class 3-LIO Interest, Class 3-LPO Interest, Class 4-L Interest, Class 4-LS Interest, Class 4-LIO Interest, Class 4-LPO Interest, Class 5-L Interest, Class 5-LIO Interest Middleand Class 5-Tier Regular Interests LPO Interest as classes of "regular interests" and the Class SI1-MR Interest A-LR Certificate as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (ii) the Uncertificated Shifting Interest Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-LR Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates the UpperClass 1-Tier II Regular Interests as "regular interests" A-M1 Interest, Class 1-A-M4 Interest, Class 1-A-M10 Interest, Class 1-A-M13 Interest, Class 1-A-M14 Interest, Class 1-A-MUR Interest, Class 2-A-M1 Interest, Class 3-A-M1 Interest, Class 4-A-M1 Interest, Class 5-A-M1 Interest, Class 1-X-MPO Interest, Class 2-X-MPO Interest, Class 3-X-MPO Interest, Class15-MPO Interest, Class 5-PO Interest, Class 1-30-MIO Interest, Class 2-30-MIO Interest, Class 20-MIO Interest, Class 15-MIO Interest, Class 5-MIO Interest, Class X-B-M1 Interest, Class X-B-M2 Interest, Class X-B-M3 Interest, Class X-B-M4 Interest, Class X-B-M5 Interest, Class X-B-M6 Interest, Class 2-B-M1 Interest, Class 2-B-M2 Class 2-B-M3 Interest, Class 2-B-M4 Interest, Class 2-B-M5 Interest, Class 2-B-M6 Interest, Class 5-B-M1 Interest, Class 5-B-M2 Interest, Class 5-B-M3 Interest, Class 5-B-M4 Interest, Class 5-B-M5 Interest and the Class II5-UR B-M6 Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II1-A-MR Interest Certificate as the single class of "residual interest" in the Middle-Tier II REMIC for the purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section Sections 860G(a)(1) and 860G(a)(2), respectively.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Banc of America Mortgage Securities Inc), Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2004-11Trust)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest UpperClasses of Senior Certificates (other than the Class 1-Tier Regular Interests A-R and Class 1-A-LR Certificates) and the Classes of Class B Certificates as "regular interests" and the Class SI1-UR A-R Certificate as the single class of "residual interest" in the Upper Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest, Class 4-LS Interest, Class 5-L Interest and Class 5-LS Interest as classes of "regular interests" and the Class 1-LR-E Interest as the single class of "residual interest" in the Shifting Interest Upper-Tier Pooling REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting WF Group 4 Regular Interest Middle-Tier Regular Interests as classes the class of "regular interests" and the Class SI1-MR LR-A Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier WF Group 4 REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and ; (ii) the Uncertificated Shifting WF RCR Regular Interest Lower-Tier Regular Interests as classes the class of "regular interests" and the Class SI1-LR LR-B Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier WF RCR REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates ; (iii) the Upper-Tier II WMMSC Group 1 Regular Interests Interest as the class of "regular interests" and the Class II1-UR LR-C Interest as the single class of "residual interest" in the Upper-Tier II WMMSC Group 1 REMIC for the purposes of Code Section Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates ; and (iiv) the Uncertificated Middle-Tier II WMMSC Group 4 Regular Interests Interest as classes the class of "regular interests" and the Class II1-MR LR-D Interest as the single class of "residual interest" in the Middle-Tier II WMMSC Group 4 REMIC for the purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 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-D)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests Classes of Certificates (other than the Group 5 Certificates and the Residual Certificate) as "regular interests" and the Class SI1-UR Interest as the single class of "residual interest" in the Shifting Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Group 5 Certificates (other than the Class 5-A-3 and Class 5-P Certificates) and the Components as "regular interests" and the Class 5-UR Interest as the single class of "residual interest" in the Group 5 Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest MiddleLower-Tier Regular Interests as classes of "regular interests" and the Class SI1-LR Interest as the single class of "residual interest" in the Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively; (ii) the Uncertificated Middle-Tier Interests as classes of "regular interests" and the Class 1-MR Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and ; (iiiii) the Uncertificated Shifting Group 4 Pooling REMIC Interest as the class of "regular interest" and the Class 4-PR Interest as the single class of "residual interest" in the Group 4 Pooling REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively and (iv) the Uncertificated Group 5 Lower-Tier Regular Interests as classes of "regular interests" and the Class SI5-LR Interest as the single class of "residual interest" in the Shifting Interest Group 5 Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 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 2005-A)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests as "regular interests" and the Class SI-UR Interest as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular Interests as classes of "regular interests" and the Class SI-MR Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (ii) the Uncertificated Shifting Interest Crossed Loan Group Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-LR XLR Interest as the single class of "residual interest" in the Shifting Interest Crossed Loan Group Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (iii) the Uncertificated Shifting Interest Loan Group 5 Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-5LR Interest as the single class of "residual interest" in the Shifting Interest Loan Group 5 Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest UpperClasses of Senior Certificates (other than the Class 7-Tier Regular Interests CE Certificates, the Group 7 Certificates and the Residual Certificates) as "regular interests" and the Class SI3-UR Interest A-R Certificate as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Group 7 Certificates and the Class 7-CE Certificates as "regular interests" and the Class 7-R Certificate as the single class of "residual interest" in the Group 7 Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest MiddleLower-Tier Regular Interests as classes of "regular interests" and the Class SI3-MR Interest A-LR Certificate as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively; (ii) the Uncertificated Middle-Tier Interests as classes of "regular interests" and the Class 3-A-MR Certificate as the single class of "residual interest" in the Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, ; and (iiiii) the Uncertificated Shifting Interest Group 7 Lower-Tier Regular Interests as classes of "regular interests" and the Class SI7-LR Interest Certificate as the single class of "residual interest" in the Shifting Interest Group 7 Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 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-B)

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Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests Classes of Senior Certificates (other than the Group 4 Certificates and the Residual Certificates) as "regular interests" and the Class SI1-UR Interest A-R Certificate as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Group 4 Certificates (other than the Class 4-A-3, Class 4-R and Class 4-LR Certificates) and the Components as "regular interests" and the Class 4-R Certificate as the single class of "residual interest" in the Group 4 Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest MiddleLower-Tier Regular Interests as classes of "regular interests" and the Class SI1-MR Interest A-LR Certificate as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively; (ii) the Uncertificated Middle-Tier Interests as classes of "regular interests" and the Class 1-A-MR Certificate as the single class of "residual interest" in the Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, ; and (iiiii) the Uncertificated Shifting Interest Group 4 Lower-Tier Regular Interests as classes of "regular interests" and the Class SI4-LR Interest Certificate as the single class of "residual interest" in the Shifting Interest Group 4 Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 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-C)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest UpperClasses of Senior Certificates (other than the Class X-Tier Regular Interests PO, Class 15-PO and Class 1-A-R Certificates) and the Classes of Class B Certificates and each Component as "regular interests" and the Class SI1-UR Interest A-R Certificate as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular Pooling REMIC Interests as classes of "regular interests" and the Class SI1-MR LR-F Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier Pooling REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and ; (ii) the Uncertificated Shifting Interest Lower-Tier WF Group 1 Regular Interests as classes of "regular interests" and the Class SI1-LR LR-A Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier WF Group 1 REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates ; (iii) the Upper-Tier II WF Group 3 Regular Interests as classes of "regular interests" and the Class II1-UR LR-B Interest as the single class of "residual interest" in the Upper-Tier II WF Group 3 REMIC for the purposes of Code Section Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates ; (iiv) the Uncertificated Middle-Tier II WMMSC Group 1 Regular Interests as classes of "regular interests" and the Class II1-MR LR-C Interest as the single class of "residual interest" in the Middle-Tier II WMMSC Group 1 REMIC for the purposes of Code Section Sections 860G(a)(1) and 860G(a)(2), respectively and respectively; (iiv) the Uncertificated Lower-Tier II WMMSC Group 3 Regular Interests as classes of "regular interests" and the Class II1-LR LR-D Interest as the single class of "residual interest" in the Lower-Tier II WMMSC Group 3 REMIC for the purposes of Code Section Sections 860G(a)(1) and 860G(a)(2), respectively; and (vi) the BANA Group Regular Interests as classes of "regular interests" and the Class 1-LR-E Interest as the single class of "residual interest" in the BANA Group 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 2004-4)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests as "regular interests" and the Class SI-UR Interest as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular Interests as classes of "regular interests" and the Class SI-MR Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (ii) the Uncertificated Shifting Interest Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-LR Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest UpperClasses of Senior Certificates (other than the Class 30-Tier Regular Interests PO, Class 1-CB-R, Class 2-A-R, Class 3-A-R1, Class 3-A-R2 and Class 3-A-R3 Certificates) and the Classes of Class B Certificates and each Component as "regular interests" and the Class SI3-UR Interest A-R3 Certificate as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular REMIC 1 Interests as classes of "regular interests" and the Class SI1-MR Interest CB-R Certificate as the single class of "residual interest" in REMIC 1 for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively; (ii) the Uncertificated REMIC 2 Interests as classes of "regular interests" and the Class 2-A-R Certificate as the single class of "residual interest" in REMIC 2 for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively; (i) the Uncertificated REMIC 3 Interests as classes of "regular interests" and the Class 3-A-R1 Certificate as the single class of "residual interest" in REMIC 3 for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively; and (iv) the Uncertificated Middle-Tier Interests as classes of "regular interests" and the Class 3-A-R2 Certificate as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (ii) the Uncertificated Shifting Interest Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-LR Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 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 2004-2)

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