Common use of Miscellaneous REMIC and Grantor Trust Provisions Clause in Contracts

Miscellaneous REMIC and Grantor Trust Provisions. (a) The Class A-1A-L, Class A-1B-L, Class A-1C-L, Class A-1D-L, Class A-1E-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5-L, Class A-6-L, Class A-7-L, Class A-8Z-L, Class B-1-L, Class B-2-L, Class B-3-L, Class B-3SC-L, Class B-4-L, Class B-5-L, Class B-6-L, Class B-7-L and Class B-7H-L Interests are hereby designated as "regular interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LR Certificates are hereby designated as the sole Class of "residual interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-1A, Class A-1B, Class A-1C, Class A-1D, Class A-1E, Class A-CS1, Class PS-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8Z, Class B-1, Class B-2, Class B-3, Class B-3SC, Class B-4, Class B-5, Class B-6, Class B-7 and Class B-7H Certificates are hereby designated as "regular interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code and the Class R Certificates are hereby designated as the sole Class of "residual interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-CS1 Certificates represent a "specified portion" of the interest payments on the Class A-1A-L Interest within the meaning of Treasury Regulations Section 1.860G-1(a)(2). The Class PS-1 Certificateholders represent a "specified portion" of the interest payments on the Class A-1A-L, the Class A-1B-L, the Class A-1C-L, the Class A-1D-L, the Class A-1E-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5-L, Class A-6-L, Class A-7-L, Class B-1-L, Class B-2-L, Class B-3-L, Class B-4-L, Class B-5-L, Class B-6-L, Class B-7-L and Class B-7H-L Interests, within the meaning of Treasury Regulations Section 1.860G-1(a)(2). The Closing Date is hereby designated as the "Startup Day" of the Lower-Tier REMIC and the Upper-Tier REMIC within the meaning of Section 860G(a)(9) of the Code. The "latest possible maturity date" of the Lower-Tier Regular Interests and the Regular Certificates for purposes of Section 860G(a)(1) of the Code is the Scheduled Final Distribution Date. The initial Certificate Balance of each Class of the Lower-Tier Regular Interests is equal to the Certificate Balance of the Related Certificates. The interest rate for each Class of Lower-Tier Regular Interests (other than the Class A-8Z-L Interest and the Class B-3SC-L Interest) is a per annum rate equal to the Weighted Average Net Mortgage Pass-Through Rate. The interest rate for the Class A-8Z-L Interest is the Mortgage Pass-Through Rate on the Comsat Junior Loan. The Class B-3SC-L Interest has no interest rate and is not entitled to distributions of interest.

Miscellaneous REMIC and Grantor Trust Provisions. (a) The Class A-1A-L, Class A-1B-L, Class A-1C-L, Class A-1D-L, Class A-1E-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5-L, Class A-6-L, Class A-7-L, Class A-8ZA-8-L, Class B-1-L, Class B-2-L, Class B-3-L, Class B-3SC-L, Class B-4-L, Class B-5-L, Class B-6-L, Class B-7-L and Class B-7H-L Interests are hereby designated as "regular interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LR Certificates are hereby designated as the sole Class of "residual interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-1A, Class A-1B, Class A-1C, Class A-1D, Class A-1E, Class A-CS1, Class PS-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8ZA-8, Class B-1, Class B-2, Class B-3, Class B-3SC, Class B-4, Class B-5, Class B-6, Class B-7 and Class B-7H Certificates are hereby designated as "regular interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code and the Class R Certificates are hereby designated as the sole Class of "residual interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-CS1 Certificates represent a "specified portion" of the interest payments on the Class A-1A-L Interest within the meaning of Treasury Regulations Section 1.860G-1(a)(2). The Class PS-1 Certificateholders represent a "specified portion" of the interest payments on the Class A-1A-L, the Class A-1B-L, the Class A-1C-L, the Class A-1D-L, the Class A-1E-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5-L, Class A-6-L, Class A-7-L, Class B-1-L, Class B-2-L, Class B-3-L, Class B-4-L, Class B-5-L, Class B-6-L, Class B-7-L and Class B-7H-L Interests, within the meaning of Treasury Regulations Section 1.860G-1(a)(2). The Closing Date is hereby designated as the "Startup Day" of the Lower-Tier REMIC and the Upper-Tier REMIC within the meaning of Section 860G(a)(9) of the Code. The "latest possible maturity date" of the Lower-Tier Regular Interests and the Regular Certificates for purposes of Section 860G(a)(1) of the Code is the Scheduled Final Distribution Date. The initial Certificate Balance of each Class of the Lower-Tier Regular Interests is equal to the Certificate Balance of the Related Certificates. The rate of interest rate for each Class of Lower-Tier Regular Interests (other than the Class A-8Z-L Interest and the Class B-3SC-L Interest) is a per annum rate equal to the Weighted Average Net Mortgage Pass-Through Rate. The interest rate for the Class A-8Z-L Interest is the Mortgage Pass-Through Rate on the Comsat Junior Loan. The Class B-3SC-L Interest has no interest rate and is not entitled to distributions of interest.

Miscellaneous REMIC and Grantor Trust Provisions. (a) The Class A-1A-L, Class A-1B-L, Class A-1C-L, Class A-1D-L, Class A-1EA-1-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5X-X, Class C-L, Class A-6D-L, Class A-7E-L, Class A-8ZF-L, Class B-1G-L, Class B-2H-L, Class B-3X-X, Class K-L, Class B-3SCL-L, Class B-4-L, Class B-5-L, Class B-6-L, Class B-7M-1-L and Class B-7HM-2-L Interests are hereby designated as "regular interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LR Certificates are hereby designated as the sole Class of "residual interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-1A, Class A-1B, Class A-1C, Class A-1D, Class A-1E, Class A-CS1, Class PS-1A-1, Class A-2, Class A-3, Class A-4, Class A-5X, Class A-6B, Class A-7C, Class A-8ZD, Class B-1E, Class B-2F, Class B-3G, Class B-3SCH, Class B-4J, Class B-5K, Class B-6L, Class B-7 M-1 and Class B-7H M-2 Certificates are hereby designated as represent undivided beneficial interests in "regular interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code and the Class R Certificates are hereby designated as the sole Class of "residual interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-CS1 X Certificates represent a "specified portion" of the interest payments on the Class A-1A-L Interest within the meaning of Treasury Regulations Section 1.860G-1(a)(2). The Class PS-1 Certificateholders represent a "specified portion" of the interest payments on the Class A-1A-L, the Class A-1B-L, the Class A-1C-L, the Class A-1D-L, the Class A-1EA-1-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5X-X, Class C-L, Class A-6D-L, Class A-7E-L, Class B-1F-L, Class B-2G-l, Class H-L, Class B-3X-X, Class K-L, Class B-4L-L, Class B-5-L, Class B-6-L, Class B-7M-1-L and Class B-7HM-2-L Interests, within the meaning of Treasury Regulations Section 1.860G-1(a)(2). The Closing Date is hereby designated as the "Startup Day" of the Lower-Tier REMIC and the Upper-Tier REMIC within the meaning of Section 860G(a)(9) of the Code. The "latest possible maturity date" of the Lower-Tier Regular Interests and the Regular Certificates for purposes of Section 860G(a)(1) of the Code is the Scheduled Rated Final Distribution Date. The initial Certificate Balance of each Class of the Lower-Tier Regular Interests is equal to the Certificate Balance of the Related Certificates. The interest rate for each Class of Lower-Tier Regular Interests (other than the Class A-8Z-L Interest and the Class B-3SC-L Interest) is a per annum rate equal to the Weighted Average Net Mortgage Pass-Through Rate. The interest rate for the Class A-8Z-L Interest is the Mortgage Pass-Through Rate on the Comsat Junior Loan. The Class B-3SC-L Interest has no interest rate and is not entitled to distributions of interest.

Miscellaneous REMIC and Grantor Trust Provisions. (a) The Class A-1AA-1-LLA, Class A-1BA-1-L, Class A-1C-L, Class A-1D-L, Class A-1E-LLB, Class A-2-L, Class A-3-L, Class A-4X-X, Class C-L, Class A-5D-L, Class A-6E-L, Class A-7F-L, Class A-8ZG-L, Class B-1H-L, Class B-2X-X, Class K-L, Class B-3L-L, Class B-3SCM-L, Class B-4N-L, Class B-5-L, Class B-6-L, Class B-7Q-1-L and Class B-7HQ-2-L Interests are hereby designated as represent the "regular interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LR Certificates are hereby designated as represent the sole Class of "residual interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the CodeCode and represent undivided beneficial interests in each of the Loan REMIC Residual Interests. The Class A-1A, Class A-1B, Class A-1C, Class A-1D, Class A-1E, Class A-CS1, Class PS-1A-1, Class A-2, Class A-3X-0, Xxxxx XX-0, Class A-4X, Class A-5B, Class A-6C, Class A-7D, Class A-8ZE, Class B-1F, Class B-2G, Class B-3H, Class B-3SCJ, Class B-4K, Class B-5L, Class B-6M, Class B-7 N, Class Q-1 and Class B-7H Q-2 Certificates are hereby designated as represent the "regular interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code and the Class R Certificates are hereby designated as represent the sole Class of "residual interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-CS1 CS-1 Certificates represent a "specified portion," within the meaning of the Treasury Regulations Section 1.860G-1(a)(2), of the interest payments on the Class A-1AA-1-L LA Interest equal to the product of (a) the excess of the Weighted Average Net Mortgage Pass-Through Rate over the Class A-1 Pass-Through Rate and (b) the Class A-1-LA Certificate Balance. The Class X Certificates represent a "specified portion," within the meaning of Treasury Regulations Section 1.860G-1(a)(21.560G-1(a)(2). The Class PS-1 Certificateholders represent a "specified portion" , of the interest payments on the Class A-1AA-1-L, the Class A-1B-L, the Class A-1C-L, the Class A-1D-L, the Class A-1E-LLB, Class A-2-L, Class A-3-L, Class A-4X-X, Class C-L, Class A-5D-L, Class A-6E-L, Class A-7F-L, Class B-1G-L, Class B-2H-L, Class B-3X-X, Class K-L, Class B-4L-L, Class B-5M-L, Class B-6N-L, Class B-7Q-1-L and Class B-7HQ-2-L Interests equal to the aggregate of the product, for each such Class of Lower-Tier Regular Interests, within of (a) the meaning excess of Treasury Regulations Section 1.860G-1(a)(2)the Weighted Average Net Mortgage Pass-Through Rate over the Pass-Through Rate of the Related Certificate and (b) the Certificate Balance thereof. The Closing Date is hereby designated as the "Startup Day" of the Lower-Tier REMIC and the Upper-Tier REMIC within the meaning of Section 860G(a)(9) of the Code. The "latest possible maturity date" of the Lower-Tier Regular Interests and the Regular Certificates for purposes of Section 860G(a)(1) of the Code is the Scheduled Rated Final Distribution Date. The initial Certificate Balance of each Class of the Lower-Tier Regular Interests is equal to the Certificate Balance of the Related Certificates. The interest rate for each Class of Lower-Tier Regular Interests (other than the Class A-8Z-L Interest and the Class B-3SC-L Interest) is a per annum rate equal to the Weighted Average Net Mortgage Pass-Through Rate. The interest rate for the Class A-8Z-L Interest is the Mortgage Pass-Through Rate on the Comsat Junior Loan. The Class B-3SC-L Interest has no interest rate and is not entitled to distributions of interest.

Miscellaneous REMIC and Grantor Trust Provisions. (a) The Class A-1A-L, Class A-1B-L, Class A-1C-L, Class A-1D-L, Class A-1E-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5-L, Class A-6-L, Class A-7-L, Class A-8Z-L, Class B-1-L, Class B-2-L, Class B-3-L, Class B-3SC-L, Class B-4-L, Class B-5-L, Class B-6-L, Class B-7-L and Class B-7HB-6H-L Interests are hereby designated as "regular interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LR Certificates are hereby designated as the sole Class of "residual interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-1A, Class A-1BX-0X, Class A-1C, Class A-1D, Class A-1E, Class A-CS1, Class PS-1, Class A-2Xxxxx X-0, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8Z, Class B-1, Class B-2, Class B-3, Class B-3SC, Class B-4, Class B-5, Class B-6, Class B-7 B-6 and Class B-7H B-6H Certificates are hereby designated as "regular interests" in, and the Class PS-1 Certificates are hereby designated as representing a beneficial interest in a "regular interest" in, the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code and the Class R Certificates are hereby designated as the sole Class of "residual interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-CS1 PS-1 Certificates represent a "specified portion" of the interest payments on the Class A-1A-L Interest within the meaning of Treasury Regulations Section 1.860G-1(a)(2). The Class PS-1 Certificateholders represent a "specified portion" of the interest payments on the Class A-1A-L, the Class A-1B-L, the Class A-1C-L, the Class A-1D-L, the Class A-1E-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5-L, Class A-6-L, Class A-7-L, Class B-1-L, Class B-2-L, Class B-3-L, Class B-4-L, Class B-5-L, Class B-6-L, Class B-7-L and Class B-7HB-6H-L Interests, within the meaning of Treasury Regulations Section 1.860G-1(a)(2). The Closing Date is hereby designated as the "Startup Day" of the Lower-Tier REMIC and the Upper-Tier REMIC within the meaning of Section 860G(a)(9) of the Code. The "latest possible maturity date" of the Lower-Tier Regular Interests and the Regular Certificates for purposes of Section 860G(a)(1) of the Code is the Scheduled Final Distribution Date. The initial Certificate Balance of each Class of the Lower-Tier Regular Interests is equal to the Certificate Balance of the Related Certificates. The interest rate for each Class of Lower-Tier Regular Interests (other than the Class A-8Z-L Interest and the Class B-3SC-L Interest) is a per annum rate equal to the Weighted Average Net Mortgage Pass-Through Rate. The interest rate for the Class A-8Z-L Interest is the Mortgage Pass-Through Rate on the Comsat Junior Loan. The Class B-3SC-L Interest has no interest rate and is not entitled to distributions of interest.