Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Loans) as a REMIC (“REMIC I”) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Phoenix Residential Securities, LLC), Pooling and Servicing Agreement (Phoenix Residential Securities, LLC)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator and shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 and Uncertificated REMIC II Regular Interests as a REMIC (“"REMIC III”II") 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 A-2, Class I-A-3, Class I-A-4, Class II-A-1 (exclusive of any rights to payment of amounts received pursuant to the related Class II-A-1 Yield Maintenance Agreement), Class III-A-2, Class II-A-3, Class III-A-4, Class III-A-5, Class I-A-6, Class I-A-7, Class I-A-8, Class I-A-9, Class I-A-10 A-5 (exclusive of any rights to payment of amounts received pursuant to the related Class II-A-5 Yield Maintenance Agreement), Class III-A-11A-6, Class III-A-12, Class I-A-13, Class I-A-14(exclusive A-7 (exclusive of any rights to payment of amounts received pursuant to the related Class II-A-7 Yield Maintenance Agreement), Class III-A-8, Class II-A-9, Class II-A-10, Class II-A-11, Class II-A-12, Class II-A-13, Class II-A-14, Class II-A-15, Class III-A-16, Class III-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A-17, Class III-A-18, Class II-A-1A-19, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III II Regular Interests Z1 and the Uncertificated REMIC III Regular Interests Z2Z, the rights in and to which will be represented by the related Class A-V Certificates, 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 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 II Regular Interest or Interests Z1 or Interests Z2 Z specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 2 contracts
Samples: Trust Agreement (RALI Series 2008-QR1Trust), Pooling and Servicing Agreement (RALI Series 2006-Qs12 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC ITrust Fund, and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”") 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. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 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 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-18, Class A-19, Class A-20, Class A-21, Class A-22, Class A-23, Class A-24, Class A-25, Class A-26, Class A-27, Class A-28, Class A-29, Class A-30, Class A-31, Class A-32, Class A-33, Class A-34, Class A-35, Class A-36, Class A-37, Class A-38, Class A-39, Class A-40, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be “"regular interests” " in the REMIC II 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of REMIC ITrust Fund, and subject to this Agreement (including the Group I LoansMortgage Loans but excluding the Initial Monthly Payment Fund) as a REMIC (“REMIC I”) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC IITrust Fund, and subject to this Agreement (including the Group II Loans and the Group III Loans) Agreement, as a REMIC [(“"REMIC II”I") for federal income tax purposes. The REMIC Administrator shall and will make an and 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”) II")] for federal income tax purposes. [The Uncertificated REMIC I Regular Interests Interests] [Class _ Certificates] 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 CB-1, Class I-CB-2, Class NB-1, Class NB-2, Class NB-3, Class NB-4, Class NB-5, Class NB-6, Class NB-7, Class NB-8, Class NB-9,] [Class A-1, Class I-A-2 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the [Uncertificated REMIC III II Regular Interests Z1 and the Interests] [Uncertificated Class A-V REMIC III Regular Interests Z2Interests], the rights in and to which will be represented by the related Class A-V Certificates, will be “"regular interests” " in [REMIC IIIII] [the REMIC], and the Class [R-III II] [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 related Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms), any such Subclass will represent the related Uncertificated Class A-V REMIC III Regular Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.]
Appears in 1 contract
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Loans) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“"REMIC II”") 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 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 A-2, Class I-A-3, Class I-A-4, Class I-A-5 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-3, Class I-A-4, Class I-A-5, Class I-A-6, Class I-A-7A-V, Class I-A-8A-P, Class III-A-9A-1, Class III-A-10 A-2, Class II-A-3, Class II-A-4 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class III-A-5, Class II-A-6, Class II-A-7, Class II-A-8, Class II-A-9, Class II-A-10, Class II-A-11, Class III-A-12, Class III-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: RALI Series 2007-Qs1 Trust
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC ITrust Fund (exclusive of the Hedge Agreement and the Swap Agreement), and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”") and shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") and shall make an election to treat the pool of assets comprised of the underlying REMIC II Regular Interests 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 described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 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 Component I of the Class R-I R 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 Component II of the Class R-II R 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 IA-A-1I-1, Class IA-A-2 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)II-1, Class IA-A-3II-2, Class IA-A-4II-3, Class IA-A-5II-4, Class IA-A-6III-1, Class IA-A-7III-2, Class IA-A-8III-3, Class IA-A-9III-4, Class IA-A-10 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)III-5, Class IA-A-11IV-1, Class IX-A-12II, Class IX-A-13III, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 REMIC III, and Component III of 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 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 Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.117
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mort Pro Inc Gmacm Mo Pa Th Ce Se 03 Ar2)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator and shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 and Uncertificated REMIC II Regular Interests as a REMIC (“"REMIC III”II") 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-18, Class A-19, Class A-20, Class A-21, Class A-22, Class A-23, Class A-24, Class A-25, Class A-26, Class A-27, Class A-28, Class A-29, Class A-30, 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 “represented by the Class A-V Certificates, will be "regular interests” " in REMIC II 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 II Regular Interest or Interests Z1 or Interests Z2 Z specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: RALI Series 2006-Qs14 Trust
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of REMIC ITrust Fund, and subject to this Agreement (including the Group I LoansMortgage Loans but excluding the Initial Monthly Payment Fund) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator shall and will make an and election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 and Uncertificated REMIC II Regular Interests as a REMIC (“"REMIC III”II") 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 CB, Class NB-1, Class NB-1A, Class NB-2, Class NB-2A, Class NB-3, 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 “represented by the Class A-V Certificates, will be "regular interests” " in REMIC II 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 II Regular Interest or Interests Z1 or Interests Z2 Z specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Accredit Loans Inc)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator and shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 and Uncertificated REMIC II Regular Interests as a REMIC (“"REMIC III”II") 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 A-1 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-2, Class 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-9A-9 (exclusive of any rights to payment of amounts received pursuant to the Yield Maintenance Agreement), Class I-A-10 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III II Regular Interests Z1 and the Uncertificated REMIC III Regular Interests Z2Z, the rights in and to which will be represented by the related Class A-V Certificates, 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 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 II Regular Interest or Interests Z1 or Interests Z2 Z specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2005-Qs16 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator and shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 and Uncertificated REMIC II Regular Interests as a REMIC (“"REMIC III”II") 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 A-2, Class I-A-3, Class I-A-4, Class II-A-1 (exclusive of any rights to payment of amounts received pursuant to the related Class II-A-1 Yield Maintenance Agreement), Class III-A-2, Class II-A-3, Class III-A-4, Class III-A-5, Class I-A-6, Class I-A-7, Class I-A-8, Class I-A-9, Class I-A-10 A-5 (exclusive of any rights to payment of amounts received pursuant to the related Class II-A-5 Yield Maintenance Agreement), Class III-A-11A-6, Class III-A-12, Class I-A-13, Class I-A-14(exclusive A-7(exclusive of any rights to payment of amounts received pursuant to the related Class II-A-7 Yield Maintenance Agreement), Class III-A-8, Class II-A-9, Class II-A-10, Class II-A-11, Class II-A-12, Class II-A-13, Class II-A-14, Class II-A-15, Class III-A-16, Class III-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A-17, Class III-A-18, Class II-A-1A-19, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III II Regular Interests Z1 and the Uncertificated REMIC III Regular Interests Z2Z, the rights in and to which will be represented by the related Class A-V Certificates, 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 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 II Regular Interest or Interests Z1 or Interests Z2 Z specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: RALI Series 2006-Qs12 Trust
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of REMIC II (as defined herein), and subject to this Agreement (including the Group I Loans) Loans and Group II Loans but excluding the Initial Monthly Payment Fund), as a REMIC (“REMIC I”) for federal income tax purposes. The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of REMIC IIII (as defined herein), and subject to this Agreement (including the Group II III Loans and but excluding the Group III Loans) Initial Monthly Payment Fund), as a REMIC (“REMIC II”) for federal income tax purposes. The REMIC Administrator shall will make an election to treat the entire segregated pool of assets comprised consisting of the Uncertificated REMIC I Regular Interests and Uncertificated 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 the federal income tax law). The Class I-A-1, Class I-A-2 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1A- 1, Class II-A-2, Class III-AA-3, Class II-VA-4, Class II-A-5, Class II-A-6, 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 I-A-P, Class II-A-P, Class III-A-P, Class I-A-V, Class II-A-V, Class IIII-A-V, Class M-1, Class M-2, Class M-3, Class III-M-1, Class IIII-M-2, Class IIII-M-3, Class IB-1, Class B-2, Class B-3, Class III-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class IIIII-B-2 and Class IIIII-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the Uncertificated REMIC III Regular Interests Z2, the rights in and to which will be represented by the related Class A-V Certificates, 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 related Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms), any such Subclass will represent the related Uncertificated Class A-V REMIC III Regular Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2004-S6 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Loans) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“"REMIC II”") 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 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2004-Qs16 Trust)
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of REMIC II (as defined herein), and subject to this Agreement (including the Group I Loans) Loans but excluding the Initial Monthly Payment Fund), as a REMIC (“REMIC I”) for federal income tax purposes. The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of REMIC IIII (as defined herein), and subject to this Agreement (including the Group II Loans and but excluding the Group III Loans) Initial Monthly Payment Fund), as a REMIC (“REMIC II”) for federal income tax purposes. The REMIC Administrator shall will make an election to treat the entire segregated pool of assets comprised consisting of the Uncertificated REMIC I Regular Interests and Uncertificated 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 the federal income tax law). The Class I-A-1, Class I-A-2 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class III-A-VA-3, 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-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the Uncertificated REMIC III Regular Interests Z2, the rights in and to which will be represented by the related Class A-V Certificates, 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 related Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms), any such Subclass will represent the related Uncertificated Class A-V REMIC III Regular Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”") 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 and as a REMIC ("REMIC II") 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 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 A-1 (exclusive of any rights to payment of amounts received pursuant to the related Class I-A-1 Yield Maintenance Agreement), 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 A-8 (exclusive of any rights to payment of amounts received pursuant to the related Class I-A-8 Yield Maintenance Agreement), Class I-A-9, Class I-A-10, Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A-14, Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the Uncertificated REMIC III Regular Interests Z2Z, the rights in and to which will be represented by the related Class I-A-V Certificates and Class II-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 related Class I-A-V Certificates or Class II-A-V Certificates pursuant to Section 5.01(c) of the Standard Terms), any such Subclass will represent the related Uncertificated REMIC III Regular Interest or Interests Z1 or Interests Z2 Z2, as applicable, specified by the initial Holder of the related Class I-A-V Certificates or Class II-A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: RALI Series 2006-Qs3 Trust
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”") 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 and as a REMIC ("REMIC II") 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 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A-2, Class I-A-3, Class I-A-4, Class I-A-5A-5 (exclusive of any rights to payment of amounts received pursuant to the Class I-A-5 Yield Maintenance Agreement), Class I-A-6, Class I-A-7A-7 (exclusive of any rights to payment of amounts received pursuant to the Class I-A-7 Yield Maintenance Agreement), Class I-A-8, Class I-A-9, Class I-A-10 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A-P, Class I-A-11, Class IA-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18V, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the Uncertificated REMIC III Regular Interests Z2Z, the rights in and to which will be represented by the related 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 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 Interest or Interests Z1 or Interests Z2 Z 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.
Appears in 1 contract
Samples: RALI Series 2007-Qs7 Trust
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”") 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 and as a REMIC ("REMIC II") 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 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4, Class II-A-5, Class II-A-P, Class II-A-V, Class IIII-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 (exclusive of any rights to payment of amounts received pursuant to the Yield Maintenance Agreement), Class III-A-8, Class III-A-9, Class III-A-10, Class III-A-11, Class III-A-P, Class III-A-V, Class IV-A-1, Class IV-A-2, Class IV-A-3, Class V-A-1, Class V-A-2, Class V-A-V, Class V-A-P, Class M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the Uncertificated REMIC III Regular Interests Z2, Z the rights in and to which will be represented by the related 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 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 Interest or Interests Z1 or Interests Z2 Z specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: RALI Series 2007-Qs4 Trust
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of REMIC ITrust Fund, and subject to this Agreement (including the Group I LoansMortgage Loans but excluding the Initial Monthly Payment Fund) as a REMIC [(“REMIC I”) for federal income tax purposes. The REMIC Administrator shall and will make an and election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 and Uncertificated REMIC II Regular Interests as a REMIC (“REMIC IIIII”) )] for federal income tax purposes. [The Uncertificated REMIC I Regular Interests Interests] [Class _ Certificates] 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-1CB-1, Class I-A-2 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)CB-2, Class I-NB-1, Class NB-2, Class NB-3, Class NB-4, Class NB-5, Class NB-6, Class NB-7, Class NB-8, Class NB-9,] [Class X-0, Xxxxx X-0, Class 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the [Uncertificated REMIC III II Regular Interests Z1 and the Interests] [Uncertificated Class A-V REMIC III Regular Interests Z2Interests], the rights in and to which will be represented by the related Class A-V Certificates, will be “regular interests” in [REMIC IIIII] [the REMIC], and the Class [R-III II] [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 related Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms), any such Subclass will represent the related Uncertificated Class A-V REMIC III Regular Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.] Section 10.04. Distributions on the Uncertificated REMIC [I and
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Accredit Loans Inc)
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of REMIC II (as defined herein), and subject to this Agreement (including the Group I Loans) Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC (“REMIC I”) for federal income tax purposes. The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in consisting of the definition of Uncertificated REMIC III Regular Interests, and subject to this Agreement (including excluding the Group II Loans and the Group III Loans) Initial Monthly Payment Fund), as a REMIC (“REMIC II”) 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 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 in 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 lawStandard Terms). The Class I-A-1A1, Class I-A-2 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A2-1, Class I-A-3A2-2, Class I-A-4A3-1, Class I-A-5, Class IA3-A-6, Class I-A-7, Class I-A-8, Class I-A-9, Class I-A-10 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-182, Class II-A-1A1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-VIIA-2, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and B-2, Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 III Regular Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2005-Sa4 Trust)
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of REMIC I, I and subject to this Agreement (including the Group I Loans) as a REMIC (“"REMIC I”) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”") 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 and Uncertificated REMIC II Regular Interests as a REMIC (“"REMIC III”II") 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 Interests, 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A-10, Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A-14, Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A-17, Class I-A-18, Class III-A-1A-20, Class II-A-2, Class III-AA-3, Class II-VA-6, Class II-A-8, Class II-A-9, Class II-A-10, Class II-A-11, Class II-A-12, Class II-A-13, Class II-A-15, Class I-A-P, Class II-A-P, 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-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and Certificates, the Uncertificated REMIC III II Regular Interests Z1 and the Uncertificated REMIC III Regular Interests Z2Z, the rights in and to which will be represented by the related Class A-V Certificates, 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 III II Regular Interest or Interests Z1 or Interests Z2 Z specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2007-S6 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Loans) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“"REMIC II”") 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 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class IIIII-A-1, Class III-A-2, Class IIII-A-VA-3, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Accredit Loans Inc)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator and shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 and Uncertificated REMIC II Regular Interests as a REMIC (“"REMIC III”II") 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 (exclusive of any rights to payment of amounts received pursuant to the Class A-5 Yield Maintenance Agreement), Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12 (exclusive of any rights to payment ox xxxxxxx xxxxived pursuant to the Class A-12 Yield Maintenance Agreement), 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 “represented by the Class A-V Certificates, will be "regular interests” " in REMIC II 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 II Regular Interest or Interests Z1 or Interests Z2 Z specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: RALI Series 2006-Qs4 Trust
Designation of REMIC(s). The REMIC Administrator shall will make an election elections to treat the entire segregated pool of assets described in the definition of REMIC ITrust Fund, and subject to this Agreement (including the Group I LoansMortgage Loans but excluding the Initial Monthly Payment Fund and the Rounding Account) as a REMIC (“REMIC I”) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, 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-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 REMIC IIIIV, 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 related Class A-V Certificates pursuant to Section 5.01(c) of the Standard Terms), any such Subclass will represent the related Uncertificated Class A-V REMIC III Regular Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Designation of REMIC(s). The REMIC Administrator (x) shall make an election to treat the entire segregated pool of assets described in the definition of REMIC ITrust Fund, and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”"), (y) 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 (z) shall 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 REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A-10, Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A-14, Class I-A-15, Class I-A-16PO, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)IO, Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asst Mort Prod Gmacm Mt Ps THR Certs Ser 2003-J9)
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the entire segregated pool of assets described in the definition of REMIC ITrust Fund, and subject to this Agreement (including the Group I LoansMortgage Loans but excluding the Initial Monthly Payment Fund) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator shall and will make an and election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 and Uncertificated REMIC II Regular Interests as a REMIC (“"REMIC III”II") 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 CB, Class NB-1, Class NB-1A, Class NB-2, Class NB-2A, Class NB-3, Class NB-4, 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 “represented by the Class A-V Certificates, will be "regular interests” " in REMIC II 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 II Regular Interest or Interests Z1 or Interests Z2 Z specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Accredit Loans Inc)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Mortgage Loans) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator and shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 and Uncertificated REMIC II Regular Interests as a REMIC (“"REMIC III”II") 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 (exclusive of any rights to payment of amounts received pursuant to the Yield Maintenance Agreement), Class A-12, Class A-13, Class A-14, Class A-15, Class A-16, Class A-17, Class A-18, Class A-19, 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 “represented by the Class A-V Certificates, will be "regular interests” " in REMIC II 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 II Regular Interest or Interests Z1 or Interests Z2 Z specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: RALI Series 2006-Qs10 Trust
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Loans) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“"REMIC II”") 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 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)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 A-9 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11A-10, Class I-A-12, Class I-A-13, Class I-A-14(exclusive A-11 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-12, Class I-A-13, Class I-A-14, Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18A-17, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: RALI Series 2006 QS6 Trust
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Loans) as a REMIC (“REMIC I”) for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“REMIC II”) 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 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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)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 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement)A-10, Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: RALI Series 2006-Qs13 Trust
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC I, and subject to this Agreement (including the Group I Loans) as a REMIC (“"REMIC I”") for federal income tax purposes. The REMIC Administrator shall make an election to treat the entire segregated pool of assets described in the definition of REMIC II, and subject to this Agreement (including the Group II Loans and the Group III Loans) as a REMIC (“"REMIC II”") 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 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-1A1-1, Class I-A-2 A1-2, Class I-A1-3, I-A2-1 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-3A2-2, Class I-A-4A2-3, Class I-A-5A2-4, Class I-A-6A2-5, Class I-A-7, Class IA2-A-8, Class I-A-9, Class I-A-10 6 (exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-11, Class I-A-12, Class I-A-13, Class I-A-14(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-15, Class I-A-16, Class I-A-17(exclusive of any rights to payment of amounts received pursuant to the related Yield Maintenance Agreement), Class I-A-18, Class II-A-1, Class II-A-2, Class I-A-V, Class I-A-P, Class II-A-P, Class II-A-V, Class I-M-1, Class I-M-2, Class I-M-3, Class I-B-1, Class I-B-2, Class I-B-3, Class II-M-1, Class II-M-2, Class II-M-3, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates and the Uncertificated REMIC III Regular Interests Z1 and the 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 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 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 Interest or Interests Z1 or Interests Z2 specified by the initial Holder of the related Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Accredit Loans Inc)
