Payments of Basis Risk Shortfall Carry Forward Amounts and Yield. Maintenance Payments shall be deemed to be made to the holders of the Class B-IO Certificate of the related Group with respect to which such payments were made, who will be the owners of such amounts (on a pro rata basis based upon their Percentage Interest in such Class) for federal income tax purposes. The Class I-B-IO Certificateholders will be considered to pay such amounts to the Class I-A-1, Class I-A-2, Class I-A-3, Class I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class I-M-6 and Class I-B, and the Class II-B-IO Certificateholders will be considered to pay such amounts to the Class II-A, Class II-M-1, Class II-M-2, Class II-M-3 and Class II-B Certificates, as and to the extent appropriate, pursuant to a notional principal contract.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Bears Stearns Asset Backed Securities Trust 2005-Sd2), Pooling and Servicing Agreement (Bears Stearns Asset Backed Securities Trust 2005-Sd2), Pooling and Servicing Agreement (Bears Stearns Asset Backed Securities Trust 2005-Sd2)
