Miscellaneous REMIC Matters. (a) The Trustee shall elect that REMIC I, REMIC II and REMIC III shall be treated as REMICs under Section 860D of the Code, as described in Section 9.11. The REMIC I REMIC Pool, REMIC II REMIC Pool and REMIC III REMIC Pool shall constitute the assets of REMIC I, REMIC II and REMIC III respectively. Any inconsistencies or ambiguities in this Agreement or in the administration of the Trust shall be resolved in a manner that preserves the validity of such REMIC elections.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Aames Capital Corp Mort Pass THR Certs Ser 2001 3), Pooling and Servicing Agreement (Aames Capital Corp), Pooling and Servicing Agreement (Aames Capital Corp)
Miscellaneous REMIC Matters. (a) The Trustee shall elect that REMIC I, I and REMIC II and REMIC III shall be treated as REMICs under Section 860D of the Code, as described in Section 9.11. The REMIC I REMIC Pool, REMIC II REMIC Pool and REMIC III II REMIC Pool shall constitute the assets of REMIC I, I and REMIC II and REMIC III respectively. Any inconsistencies or ambiguities in this Agreement or in the administration of the Trust shall be resolved in a manner that preserves the validity of such REMIC elections.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Aames Mortgage Trust 2000-2), Pooling and Servicing Agreement (Aames Mortgage Trust 1999-1), Pooling and Servicing Agreement (Aames Capital Corp)
Miscellaneous REMIC Matters. (a) The Trustee shall elect that REMIC I, REMIC II and REMIC III shall be treated as REMICs under Section 860D of the Code, as described in Section 9.11. The REMIC I REMIC Pool, REMIC II REMIC Pool and REMIC III REMIC Pool shall constitute the assets of REMIC I, REMIC II and REMIC III respectively. Any inconsistencies or ambiguities in this Agreement or in the administration of the Trust shall be resolved in a manner that preserves the validity of such REMIC elections.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Aames Capital Corp)
