Common use of Designation of REMIC Clause in Contracts

Designation of REMIC. The REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I"), will make an election to treat the pool of assets comprised of the Uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes and will make an election to treat the pool of assets comprised of the Uncertificated REMIC II Regular Interests as a REMIC ("REMIC III") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law The Class A-I Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular Interests, will be "regular interests" in REMIC III, and the Class R-III Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

Designation of REMIC. (s). The REMIC Administrator will shall make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I"), will ) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets comprised of the Uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes and will purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets comprised of the Uncertificated REMIC II Regular Interests as a REMIC ("REMIC III") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law The Class I-A-1, Class I-A-2, Class I-A-3, Class I-A-4, Class I-A-5, Class I-A-6, Class II-A-1, Class I-A-I V, Class I-A-P, Class II-A-V, Class II-A-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular InterestsInterests Z1 and Uncertificated REMIC III Regular Interests Z2, the rights in and to which will be represented by the related Class A-V Certificates, will be "regular interests" in the REMIC III, and the Class R-III Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of related Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the Uncertificated REMIC III Regular Interests Z1 or Uncertificated REMIC III Regular Interests Z2, as applicable, specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.

Designation of REMIC. (s). The REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I (as defined herein), and subject to this Agreement (including the Mortgage Loans) Loans but excluding the prepayment charges to which the Class P Certificates are entitled), as a REMIC ("REMIC I"), ) for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets comprised consisting of the Uncertificated REMIC I Regular Interests Interests, and subject to this Agreement, as a REMIC ("REMIC II") for federal income tax purposes and will make an election to treat the pool of assets comprised of the Uncertificated REMIC II Regular Interests as a REMIC ("REMIC III") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under in the federal income tax lawStandard Terms). The Uncertificated REMIC II Regular Interests Interests, the rights in which will be "regular interests" in represented by the related Exchanged and Exchangeable Certificates, as the case may be, the Class I-A-1, Class I-A-2, Class I-A-P, Class II-A-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, the Uncertificated REMIC II Regular Interests Z1 and Uncertificated REMIC II Regular Interest Z2, the Class R-II Certificates rights in and to which will be represented by the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law The related Class A-I V Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular Interests, will be "regular interests" in the REMIC IIIII, and the Class R-III II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of related Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the related Uncertificated REMIC II Regular Interests Z1 or Uncertificated REMIC II Regular Interests Z2, as applicable, specified by the initial Holder of the related Class A-V Certificates pursuant to said Section. The Class P Certificates will not represent ownership of an interest in any REMIC.

Designation of REMIC. (s). The REMIC Administrator will make an election to treat the entire segregated pool of assets (including the Mortgage Loans but excluding the Initial Monthly Payment Fund, the Yield Maintenance Agreement and the Reserve Fund) described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("REMIC I"), will ) and shall make an election to treat the pool of assets comprised of the Uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes and will make an election to treat the pool of assets comprised of the Uncertificated REMIC II Regular Interests as a REMIC ("REMIC III") ), in each case, for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Class A-14, Class A-15, Class A-16, Class A-17, Class A-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the Uncertificated REMIC II Regular Interests Z, the rights in and to which will be "regular interests" in REMIC II and represented by the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law The Class A-I V Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular Interests, will be "regular interests" in the REMIC IIIII, and the Class R-III II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the Uncertificated REMIC I Regular Interest or Interests Z specified by the initial Holder of the Class A-V Certificates pursuant to said Section.

Designation of REMIC. (s). The REMIC Administrator will shall make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I, and subject to this Agreement (including the Mortgage Group I Loans) as a REMIC ("REMIC I"), will ) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets comprised described in the definition of REMIC II, and subject to this Agreement (including the Uncertificated REMIC I Regular Interests Group II Loans) as a REMIC ("REMIC II") for federal income tax purposes and will purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets comprised of the Uncertificated REMIC I Regular Interests and Uncertificated REMIC II Regular Interests as a REMIC ("REMIC III") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law The Class I-A-1, Class I-A-2, Class I-A-3, Class I-A-4, Class I-A-5, Class I-A-6, Class I-A-7, Class II-A-1, Class I-A-I V, Class I-A-P, Class II-A-V, Class II-A-P, Class I-M-1, Class I-M-2, Class I-M-3, Class II-M-1, Class II-M-2, Class II-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular InterestsInterests Z1 and Uncertificated REMIC III Regular Interests Z2, the rights in and to which will be represented by the related Class A-V Certificates, will be "regular interests" in the REMIC III, and the Class R-III Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of related Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the related Uncertificated REMIC III Regular Interests Z1 or Uncertificated REMIC III Regular Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.

Designation of REMIC. (s). The REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I (as defined herein), and subject to this Agreement (including the Mortgage Loans) Group I Loans but excluding the Initial Monthly Payment Fund), as a REMIC ("for federal income tax purposes. The REMIC I"), Administrator will make an election to treat the segregated pool of assets comprised described in the definition of REMIC II (as defined herein), and subject to this Agreement (including the Uncertificated REMIC I Regular Interests Group II Loans but excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes and purposes. The REMIC Administrator will make an election to treat the segregated pool of assets comprised consisting of the Uncertificated REMIC I Regular Interests and the REMIC II Regular Interests Interests, and subject to this Agreement (excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC III") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law). The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under Provisions). The Class I-A-1, Class I-A-2, Class I-A-3, Class I-A-4, Class I-A-5, Class I-A-6, Class I-A-7, Class I-A-8, Class I-A-9, Class I-A-10, Class I-A-11, Class I-A-12, Class I-A-13, Class II-A-1, Class I-A-P, Class II-A-P, Class I-A-V, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class II-M-1, Class II-M-2, Class II-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the federal income tax law The rights in and to which will be represented by the related Class A-I V Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular Interests, will be the "regular interests" in REMIC III, and the Class R-III Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c), any such Subclass will represent the related Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.

Designation of REMIC. (s). The REMIC Administrator will shall make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I, and subject to this Agreement (including the Mortgage Group I Loans) as a REMIC ("REMIC I"), will ) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets comprised described in the definition of REMIC II, and subject to this Agreement (including the Uncertificated REMIC I Regular Interests Group II Loans) as a REMIC ("REMIC II") for federal income tax purposes and will purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC III, and subject to this Agreement (including the Group III Loans but excluding the Initial Monthly Payment Fund, the Yield Maintenance Agreement and the Reserve Fund) as a REMIC ("REMIC III") for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets comprised of the Uncertificated REMIC II III Regular Interests as a REMIC ("REMIC IIIIV") for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets comprised of the Uncertificated REMIC I Regular Interests, Uncertificated REMIC II Regular Interests and Uncertificated REMIC IV Regular Interests as a REMIC ("REMIC V") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law law. The Class A-I Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular InterestsInterests will be "regular interests" in REMIC III and the Class R-III Certificates will be the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions under the federal income tax law. The Uncertificated REMIC IV Regular Interests will be "regular interests" in REMIC IV and the Class R-IV Certificates will be the sole class of "residual interests" in REMIC IV for purposes of the REMIC Provisions under the federal income tax law. The Class I-A-1, Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4, Class II-A-5, Class II-A-6, Class II-A-7, Class III-A-1, Class III-A-2, Class III-A-3, Class III-A-4, Class III-A-5, Class III-A-6, Class III-A-7, Class III-A-8, Class III-A-9, Class III-A-10, Class I-A-V, Class I-A-P, Class II-A-V, Class II-A-P, Class III-A-V, Class III-A-P, Class I-M-1, Class I-M-2, Class I-M-3, Class II-M-1, Class II-M-2, Class II-M-3, Class III-M-1, Class III-M-2, Class III-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-B-1, Class II-B-2, Class II-B-3, Class III-B-1, Class III-B-2 and Class III-B-3 Certificates, Uncertificated REMIC V Regular Interests Z1, Uncertificated REMIC V Regular Interests Z2 and Uncertificated REMIC V Regular Interests Z3, the rights in and to which will be represented by the related Class A-V Certificates, will be "regular interests" in the REMIC IIIV, and the Class R-III V Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of related Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the related Uncertificated REMIC V Regular Interests Z1, Uncertificated REMIC V Regular Interests Z2 or Uncertificated REMIC V Regular Interests Z3 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.

Designation of REMIC. The REMIC Administrator will shall make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I"), will ) and shall make an election to treat the pool of assets comprised of the Uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes and will make an election to treat the pool of assets comprised of the Uncertificated REMIC II Regular Interests as a REMIC ("REMIC III") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and Class A-1, Class A-2, Class A-3 (exclusive of any rights to payment of amounts received pursuant to the Yield Maintenance Agreement), Class R-II Certificates will be A-4, Class A-5, Class A-6, Class A-7 (exclusive of any rights to payment of amounts received pursuant to the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law The Yield Maintenance Agreement), Class A-I CertificatesCB, Class A-II CertificatesP, Class M-1 CertificatesM-1, Class M-2 CertificatesM-2, Class M-3 CertificatesM-3, Class SB B-1, Class B-2 and Class B-3 Certificates and the Uncertificated Class A-V REMIC III Regular Interests, the rights in and to which will be represented by the Class A-V Certificates, will be "regular interests" in REMIC IIIthe REMIC, and the Class R-III R Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c), any such Subclass will represent the Uncertificated Class A-V REMIC Regular Interest or Interests Z specified by the initial Holder of the Class A-V Certificates pursuant to said Section.

Designation of REMIC. (s). The REMIC Administrator will make an election to treat the entire segregated pool of assets (including the Mortgage Loans but excluding the Yield Maintenance Agreement and the Reserve Fund) described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("REMIC I"), will ) and shall make an election to treat the pool of assets comprised of the Uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes and will make an election to treat the pool of assets comprised of the Uncertificated REMIC II Regular Interests as a REMIC ("REMIC III") ), in each case, for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Class A-14, Class A-15, Class A-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the Uncertificated REMIC II Regular Interests Z, the rights in and to which will be "regular interests" in REMIC II and represented by the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law The Class A-I V Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular Interests, will be "regular interests" in the REMIC IIIII, and the Class R-III II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the Uncertificated REMIC II Regular Interests Z specified by the initial Holder of the Class A-V Certificates pursuant to said Section.

Designation of REMIC. The REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I"), ) and will make an election to treat the pool of assets comprised of the Uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes and will make an election to treat the pool of assets comprised of the Uncertificated REMIC II Regular Interests as a REMIC ("REMIC III") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-I, Class CB, Class NB-1, Class NB-2, Class NB-3, Class NB-4, Class NB-5, Class NB-6, Class NB-7, Class A-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the Uncertificated REMIC II Regular Interests Z, the rights in and to which will be "regular interests" in REMIC II and represented by the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law The Class A-I V Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular Interests, will be "regular interests" in REMIC IIIII, and the Class R-III II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c), any such Subclass will represent the Uncertificated REMIC II Regular Interest or Interests Z specified by the initial Holder of the Class A-V Certificates pursuant to said Section.

Designation of REMIC. (s). The REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I (as defined herein), and subject to this Agreement (including the Mortgage Loans) Group I Loans but excluding the Initial Monthly Payment Fund), as a REMIC ("for federal income tax purposes. The REMIC I"), Administrator will make an election to treat the segregated pool of assets comprised described in the definition of REMIC II (as defined herein), and subject to this Agreement (including the Uncertificated REMIC I Regular Interests Group II Loans but excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes and purposes. The REMIC Administrator will make an election to treat the segregated pool of assets comprised consisting of the Uncertificated REMIC I Regular Interests and the REMIC II Regular Interests Interests, and subject to this Agreement (excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC III") for federal income tax purposes. The Uncertificated REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC III Regular Interests, and subject to this Agreement (excluding the Initial Monthly Payment Fund), as a REMIC for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law). The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law Provisions). The Class A-I Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular Interests, Interests will be "regular interests" in REMIC IIIIII and the Class R-III Certificates will be the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The Class I-A-1, Class I-A-2, Class I-A-3, Class I-A-4, Class I-A-5, Class I-A-6, Class I-A-7, Class I-A-8, Class I-A-9, Class I-A-10, Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14, Class I-A-15, Class I-A-16, Class I-A-17, Class I-A-18, Class I-A-19, Class I-A-20, Class I-A-21, Class I-A-22, Class I-A-23, Class I-A-24, Class I-A-25, Class I-A-26, Class I-A-27, Class II-A-1, Class I-A-P, Class II-A-P, Class I-A-V, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class II-M-1, Class II-M-2, Class II-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the rights in and to which will be represented by the related Class A-V Certificates, will be the "regular interests" in REMIC IV, and the Class R-III IV Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c), any such Subclass will represent the related Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.

Designation of REMIC. The REMIC Administrator will shall make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I, and subject to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I"), will ) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets comprised of the Uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes and will purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets comprised of the Uncertificated REMIC II Regular Interests as a REMIC ("REMIC III") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law law. The Class I-A, Class II-I CertificatesA, Class III-A-1, (exclusive of any rights to payment of amounts received pursuant to the Yield Maintenance Agreement), Class III-A-2, Class III-A-3, Class III-A-4, Class A-II CertificatesP, Class M-1 CertificatesM-1, Class M-2 CertificatesM-2, Class M-3 CertificatesM-3, Class SB B-1, Class B-2 and Class B-3 Certificates and the Uncertificated REMIC III Regular InterestsInterests Z, the rights in and to which will be represented by the Class A-V Certificates, will be "regular interests" in REMIC III, and the Class R-III Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c), any such Subclass will represent the Uncertificated REMIC III Regular Interest or Interests Z specified by the initial Holder of the Class A-V Certificates pursuant to said Section.

Designation of REMIC. (s). The REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I (as defined herein), and subject to this Agreement (including the Mortgage Loans) Group I Loans but excluding the Rounding Account, the Reserve Fund and the Initial Monthly Payment Fund), as a REMIC ("for federal income tax purposes. The REMIC I"), Administrator will make an election to treat the segregated pool of assets comprised described in the definition of REMIC II (as defined herein), and subject to this Agreement (including the Uncertificated REMIC I Regular Interests Group II Loans but excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes and purposes. The REMIC Administrator will make an election to treat the segregated pool of assets comprised consisting of the Uncertificated REMIC I Regular Interests and the REMIC II Regular Interests Interests, and subject to this Agreement (excluding the Initial Monthly Payment Fund, the Rounding Account and the Reserve Fund), as a REMIC ("REMIC III") for federal income tax purposes. The Uncertificated REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC III Regular Interests, and subject to this Agreement (excluding the Initial Monthly Payment Fund, the Rounding Account and the Reserve Fund), as a REMIC for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law). The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law Provisions). The Class A-I Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular Interests, Interests will be "regular interests" in REMIC III, III and the Class R-III Certificates will be the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The Class I-A-1, Class I-A-2, Class I-A-3, Class I-A-4, Class I-A-5, Class I-A-6, Class I-A-7, Class I-A-8, Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4, Class II-A-5, Class II-A-6, Class II-A-7, Class II-A-8, Class I-A-P, Class II-A-P, Class I-A-V, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class II-M-1, Class II-M-2, Class II-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the rights in and to which will be represented by the related Class A-V Certificates, will be the "regular interests" in REMIC IV, and the Class R- IV Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c), any such Subclass will represent the related Uncertificated Class A-V REMIC Regular Interest or Interests specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.

Designation of REMIC. (s). The REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust FundREMIC I (as defined herein), and subject to this Agreement (including the Mortgage Loans) Loans but excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC I"), ) for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets comprised consisting of the Uncertificated REMIC I Regular Interests Interests, and subject to this Agreement (excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes and will make an election to treat the segregated pool of assets comprised consisting of the Uncertificated REMIC II Regular Interests Interests, and subject to this Agreement (excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC III") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under in the federal income tax lawStandard Terms). The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under in the federal income tax law Standard Terms). The Class I-A-I Certificates, Class AI-II CertificatesX, Class M-1 CertificatesII-A-1, Class M-2 CertificatesII-A-2, Class M-3 CertificatesIII-A-1, Class SB III-A-2, Class IV-A-1, Class IV-A-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the Uncertificated REMIC III Regular Interests, will be "regular interests" in REMIC III, and the Class R-III Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law.

Designation of REMIC. (s). The REMIC Administrator will make an election to treat the entire segregated pool of assets (including the Mortgage Loans but excluding the Initial Monthly Payment Fund, the Yield Maintenance Agreement and the Reserve Fund) described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans) Agreement, as a REMIC ("REMIC I"), will ) and shall make an election to treat the pool of assets comprised of the Uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes and will make an election to treat the pool of assets comprised of the Uncertificated REMIC II Regular Interests as a REMIC ("REMIC III") ), in each case, for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Class A-14, Class A-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the Uncertificated REMIC II Regular Interests Z, the rights in and to which will be "regular interests" in REMIC II and represented by the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law The Class A-I V Certificates, Class A-II Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class SB Certificates and the Uncertificated REMIC III Regular Interests, will be "regular interests" in the REMIC IIIII, and the Class R-III II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms, any such Subclass will represent the Uncertificated REMIC II Regular Interests Z specified by the initial Holder of the Class A-V Certificates pursuant to said Section.