Common use of Middle Clause in Contracts

Middle. Tier REMIC 1 shall hold the uncertificated REMIC regular interests issued by Lower-Tier REMIC 1 and shall issue several uncertificated interests, including the MT-R-1 Interest, which is hereby designated as the sole residual interest in Middle-Tier REMIC 1. Each remaining uncertificated interest in Middle-Tier REMIC 1 is hereby designated as a REMIC regular interest. Upper-Tier REMIC I shall hold the uncertificated REMIC regular interests issued by Middle-Tier REMIC 1. Each of the Certificates (other than the Class A-R Certificate, the Exchangeable REMIC Certificates and the Exchangeable Certificates) and the Uncertificated REMIC Interests represent ownership of regular interests in Upper-Tier REMIC I. Upper-Tier REMIC I shall also issue the Class A-R Certificate, which is hereby designated as the sole residual interest in Upper-Tier REMIC I. In addition, Upper-Tier REMIC 1 shall also issue the following uncertificated regular interests, which shall have the class designations, initial principal amounts, interest rates and corresponding Class of Certificates as set forth in the following table: Class Designation Interest Rate Initial Principal Amount Corresponding Class of Certificates UT1-A-15/37 (1) (2) N/A UT1-A-20/24 (1) (3) N/A UT1-A-26/47 (1) (4) N/A UT1-A-49/53 (1) (5) N/A UT1-A-68/69 (6) (7) N/A UT1-A-60/70 (8) (7) N/A UT1-A-82 (10) (9) N/A UT1-A-29 (11) (9) N/A UT1-A-39 (12) (9) N/A UT1-A-84 (13) (9) N/A UT1-A-86 (14) (9) N/A UT1-A-89 (15) (9) N/A UT1-A-67 (16) (16) 1-A-67 UT1-A-81 (16) (16) 1-A-81 UT1-A-99 (16) (16) 1-A-99 UT1-A-100 (16) (16) X-000 XX0-X-00 (16) (16) 1-A-36 UT1-A-43 (16) (16) 1-A-43 UT1-A-46 (16) (16) 1-A-46 UT1-A-52 (16) (16) 1-A-52

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2007-S3), Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2007-S3)

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Middle. Tier REMIC 1 shall hold the uncertificated REMIC regular interests issued by Lower-Tier REMIC 1 and shall issue several uncertificated interests, including the MT-R-1 Interest, which is hereby designated as the sole residual interest in Middle-Tier REMIC 1. Each remaining uncertificated interest in Middle-Tier REMIC 1 is hereby designated as a REMIC regular interest. Upper-Tier REMIC I 1 shall hold the uncertificated REMIC regular interests issued by Middle-Tier REMIC 1. Each of the Certificates (other than the Class A-R Certificate, the Exchangeable REMIC Certificates Certificate and the Exchangeable Certificates) and the Uncertificated REMIC Interests represent ownership of regular interests in Upper-Tier REMIC I. 1. Upper-Tier REMIC I 1 shall also issue the Class A-R Certificate, which is hereby designated as the sole residual interest in Upper-Tier REMIC I. In addition, Upper1. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. The Lower-Tier REMIC 1 shall also issue the following uncertificated regular interests, which The Lower Tier Interests in Lower-Tier REMIC 1 shall have the class designations, initial principal amounts, interest rates and corresponding Pool, Subgroup or Class of Certificates as set forth in the following table: Class Designation Interest Rate Initial Principal Amount Certificate Interest Rate Corresponding Pool, Subgroup or Class of Certificates UT1LT1-A-15/37 SG1-A (0.9% of SP Subgroup 1) (1) 5.50% 1 LT1-SG1-B (20.1% of SP Subgroup 1) N/A UT1-A-20/24 (1) 5.50% 1 LT1-SG1-C (Excess of Subgroup 1) (1) 5.50% 1 LT1-SG2-A (0.9% of SP Subgroup 2) (1) 6.00% 2 LT1-SG2-B (0.1% of SP Subgroup 2) (1) 6.00% 2 LT1-SG2-C (Excess of Subgroup 2) (1) 6.00% 2 LT1-SG3-A (0.9% of SP Subgroup 3) (1) 7.00% 3 LT1-SG3-B (0.1% of SP Subgroup 3) (1) 7.00% 3 LT1-SG3-C (Excess of Subgroup 3) (1) 7.00% 3 LTA-P (3) N/A UT1-A-26/47 (1) (4) A-P LTA-X (2) (4) A-X LT1-P $100.00 0.00% N/A UT1LT-A-49/53 R-1 (15) (5) N/A UT1-A-68/69 (6) (7) N/A UT1-A-60/70 (8) (7) N/A UT1-A-82 (10) (9) N/A UT1-A-29 (11) (9) N/A UT1-A-39 (12) (9) N/A UT1-A-84 (13) (9) N/A UT1-A-86 (14) (9) N/A UT1-A-89 (15) (9) N/A UT1-A-67 (16) (16) 1-A-67 UT1-A-81 (16) (16) 1-A-81 UT1-A-99 (16) (16) 1-A-99 UT1-A-100 (16) (16) X-000 XX0-X-00 (16) (16) 1-A-36 UT1-A-43 (16) (16) 1-A-43 UT1-A-46 (16) (16) 1-A-46 UT1-A-52 (16) (16) 1-A-52_______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2006-S4)

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Middle. Tier REMIC 1 shall hold the uncertificated REMIC regular interests issued by Lower-Tier REMIC 1 and shall issue several uncertificated interests, including the MT-R-1 Interest, which is hereby designated as the sole residual interest in Middle-Tier REMIC 1. Each remaining uncertificated interest in Middle-Tier REMIC 1 is hereby designated as a REMIC regular interest. Upper-Tier REMIC I shall hold the uncertificated REMIC regular interests issued by Middle-Tier REMIC 1. Each of the Certificates (other than the Class A-R Certificate, the Exchangeable REMIC Certificates and the Exchangeable Certificates) and the Uncertificated REMIC Interests represent ownership of regular interests in Upper-Tier REMIC I. Upper-Tier REMIC I shall also issue the Class A-R Certificate, which is hereby designated as the sole residual interest in Upper-Tier REMIC I. In addition, UpperThe latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. The Lower-Tier REMIC 1 shall also issue the following uncertificated regular interests, which The Lower Tier Interests in Lower-Tier REMIC 1 shall have the class designations, initial principal amounts, interest rates and corresponding Pool, Subgroup or Class of Certificates as set forth in the following table: Class Designation Interest Rate Initial Principal Amount Certificate Interest Rate Corresponding Subgroup, Pool or Class of Certificates UT1LT1-A-15/37 SG1-A (0.9% of SP Subgroup 1-1) (2) N/A UT1-A-20/24 (1) (3) 1-1 LT1-SG1-B (0.1% of SP Subgroup 1-1) (1) (3) 1-1 LT1-SG1-C (Excess of Subgroup 1-1) (1) (3) 1-1 LT1-SG2-A (0.9% of SP Subgroup 1-2) (1) 5.50% 1-2 LT1-SG2-B (0.1% of SP Subgroup 1-2) (1) 5.50% 1-2 LT1-SG2-C (Excess of Subgroup 1-2) (1) 5.50% 1-2 LT1-SG3-A (0.9% of SP Subgroup 1-3) (1) 6.00% 1-3 LT1-SG3-B (0.1% of SP Subgroup 1-3) (1) 6.00% 1-3 LT1-SG3-C (Excess of Subgroup 1-3) (1) 6.00% 1-3 LT1-SG4-A (0.9% of SP Subgroup 1-4) (1) 6.50% 1-4 LT1-SG4-B (0.1% of SP Subgroup 1-4) (1) 6.50% 1-4 LT1-SG4-C (Excess of Subgroup 1-4) (1) 6.50% 1-4 LT1-SG5-A (0.9% of SP Subgroup 2-1) (1) 5.00% 2-1 LT1-SG5-B (0.1% of SP Subgroup 2-1) (1) 5.00% 2-1 LT1-SG5-C (Excess of Subgroup 2-1) (1) 5.00% 2-1 LT1-SG6-A (0.9% of SP Subgroup 2-2) (1) 6.00% 2-2 LT1-SG6-B (0.1% of SP Subgroup 2-2) (1) 6.00% 2-2 LT1-SG6-C (Excess of Subgroup 2-2) (1) 6.00% 2-2 LT1-SG7-A (0.9% of SP Subgroup 2-3) (1) 7.00% 2-3 LT1-SG7-B (0.1% of SP Subgroup 2-3) (1) 7.00% 2-3 LT1-SG7-C (Excess of Subgroup 2-3) (1) 7.00% 2-3 LT1-A-P (2) (3) A-P LT1-P $100.00 0.00% N/A UT1LT-A-26/47 R-1 (14) (4) N/A UT1-A-49/53 (1) (5) N/A UT1-A-68/69 (6) (7) N/A UT1-A-60/70 (8) (7) N/A UT1-A-82 (10) (9) N/A UT1-A-29 (11) (9) N/A UT1-A-39 (12) (9) N/A UT1-A-84 (13) (9) N/A UT1-A-86 (14) (9) N/A UT1-A-89 (15) (9) N/A UT1-A-67 (16) (16) 1-A-67 UT1-A-81 (16) (16) 1-A-81 UT1-A-99 (16) (16) 1-A-99 UT1-A-100 (16) (16) X-000 XX0-X-00 (16) (16) 1-A-36 UT1-A-43 (16) (16) 1-A-43 UT1-A-46 (16) (16) 1-A-46 UT1-A-52 (16) (16) 1-A-52_______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2007-S1)

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