Miscellaneous REMIC Provisions. (a) The Class A, Class B and Class VRR Certificates and the Uncertificated VRR Interest are hereby designated as the “regular interests” in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class UT-R Interest is 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.
Miscellaneous REMIC Provisions. (a) The Startup Day is hereby designated as the “startup day” of each REMIC created hereunder within the meaning of Section 860G(a)(9) of the Code.
Miscellaneous REMIC Provisions. (a) The Class A, Class X, Class B, Class C, Class D and Class E Certificates and the RR Interest are hereby designated as the “regular interests” in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code and the Class UT-R Interest, represented by the Class R Certificates, is 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 LA, Class LB, Class LC, Class LD, Class LE, and Class LRRI Uncertificated Interests are hereby designated as the “regular interests” in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LT-R Interest, represented by the Class R Certificates, is 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.
Miscellaneous REMIC Provisions. (a) The Class [LA-1], Class [LA-2] Class [LB], Class [LC], Class [LD], Class [LE], Class [LF] and Class [LG] Interests are hereby designated as “regular interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(1), and the Lower-Tier Residual Interest (evidenced by the [Class R] Certificates) is hereby designated as the sole class of “residual interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(2).
Miscellaneous REMIC Provisions. (a) The Trust shall elect that the Upper-Tier REMIC and the Lower-Tier REMIC shall be treated as REMICs under Section 860D of the Code. 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.
Miscellaneous REMIC Provisions. (a) The Trustee shall elect that each of the Lower-Tier REMIC and the Upper-Tier REMIC shall be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of the Lower-Tier REMIC shall include the Mortgage Loans, the Accounts (except for the Non-REMIC Estate), any REO Property, and any proceeds of the foregoing. The Lower-Tier REMIC Regular Interests (as defined below) shall constitute the assets of the Upper-Tier REMIC.
Miscellaneous REMIC Provisions. 27 ARTICLE III
Miscellaneous REMIC Provisions. (a) The beneficial ownership interest in the Lower-Tier REMIC shall be evidenced by the interests having the characteristics and terms as follows: LOWER-TIER PASS- CLASS DESIGNATION INITIAL LOWER- THROUGH FINAL SCHEDULED TIER BALANCE RATE PAYMENT DATES ---------------------------- -------------- ---------- ------------------ Lower-Tier Interest A-1 $147,390,000 (1) July 25, 2010 Lower-Tier Interest A-2 68,375,000 (6.61%) April 25, 2012 Lower-Tier Interest A-3 37,587,000 (6.69%) March 25, 2017 Lower-Tier Interest A-4 23,612,000 (6.87%) September 25, 2021 Lower-Tier Interest A-5 19,000,000 (6.97%) April 25,2024 Lower-Tier Interest A-6 33,411,000 (2) October 25, 2028 Lower-Tier Interest A-7/A-IO 42,500,000 (3) October 25, 2028 Lower-Tier Interest A-8 110,000,000 (4) November 25, 2023 Lower-Tier Interest A-9 365,000,000 (4) October 25, 2028 Lower-Tier Interest M-1 14,875,000 (5) October 25, 2028 Lower-Tier Interest M-2 25,500,000 (6) October 25, 2028 Lower-Tier Interest B-1 12,750,000 (7) October 25, 2028 Lower-Tier REMIC Residual (4) (8) October 25, 2028 Class
Miscellaneous REMIC Provisions. 54 SECTION 2.7. Documents Not Delivered to Custodian.......................................... 55 ARTICLE III
Miscellaneous REMIC Provisions. (a) The Class A, Class X-A, Class X-B, Class B, Class C, Class D, Class E and Class F Certificates are hereby designated as the “regular interests” in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code. The Class UT-R Interest, represented by the Class R Certificates, is 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.
