Distributions to Certificates Outside of REMIC II. For tax purposes, for any Distribution Date for which a distribution has been made to any Class of Class A or Class B Certificates pursuant to the second paragraph of Section 4.04(a), such Class shall be treated as (i) having received the portion of the REMIC II Available Distribution Amount distributed to the Corresponding Class of REMIC II Regular Interests for such Distribution Date and (ii) having received from the Class X-PPP Certificates, outside of REMIC II, the distribution pursuant to the second paragraph of Section 4.04(a). For tax purposes, for any such Distribution Date, the Class X-PPP Certificates shall be treated as (i) having received the portion of the REMIC II Available Distribution Amount distributed to the Corresponding Class of REMIC II Regular Interests for such Distribution Date and (ii) having paid to the applicable Class or Classes of Class A or Class B Certificates, outside of REMIC II, the applicable portion of the Carryover Shortfall Payments for such Classes.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Oa4), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Oa5), Pooling and Servicing Agreement
Distributions to Certificates Outside of REMIC II. For tax purposes, for any Distribution Date for which a distribution has been made to any Class of Class A or Class B Certificates pursuant to the second paragraph of Section 4.04(a), such Class shall be treated as (i) having received the portion of the REMIC II Available Distribution Amount distributed to the Corresponding Class of REMIC II Regular Interests for such Distribution Date and (ii) having received from the Class XX-1-PPP Certificates, outside of REMIC II, the distribution pursuant to the second paragraph of Section 4.04(a). For tax purposes, for any such Distribution Date, the Class XX-1-PPP Certificates shall be treated as (i) having received the portion of the REMIC II Available Distribution Amount distributed to the Corresponding Class of REMIC II Regular Interests for such Distribution Date and (ii) having paid to the applicable Class or Classes of Class A or Class B Certificates, outside of REMIC II, the applicable portion of the Carryover Shortfall Payments for such Classes.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2007-Oa1), Pooling and Servicing Agreement
