PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Mortgage-Backed Certificates, Series 2005-7), Pooling and Servicing Agreement (Mortgage-Backed Certificates, Series 2005-7)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundMortgage Loans (as defined herein). On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as “"REMIC I”. I." The REMIC I Regular Interests will be the "regular interests" in REMIC I and the Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under the federal income tax law. A segregated pool of assets consisting of the REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A, Class II-A-1, Class II-A-2, Class III-A, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein)Interests. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MERRILL LYNCH MORT INV TRUST MLMI Series 2005-A1), Pooling and Servicing Agreement (MERRILL LYNCH MORT INV TRUST MLMI Series 2005-A1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE I-1-A Variable(1) $ 395,429,412.86 September 25, 2035 2,988,391.23 July 2036 I-2-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(23,948,712.65 July 2036 I-3-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(24,909,679.78 July 2036 I-4-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(25,863,829.49 July 2036 I-5-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(26,803,977.36 July 2036 I-6-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(27,721,057.41 July 2036 I-7-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(28,585,403.70 July 2036 I-8-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(29,378,934.35 July 2036 I-9-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(29,870,775.35 July 2036 I-10-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(210,272,442.34 July 2036 I-11-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(29,900,355.42 July 2036 I-12-A Variable(1) $ 4,039,038.02 September 25, 2035 9,542,018.99 July 2036 I-13-A Variable(1) $ 9,200,258.34 July 2036 I-14-A Variable(1) $ 8,867,317.87 July 2036 I-15-A Variable(1) $ 8,546,630.40 July 2036 I-16-A Variable(1) $ 8,239,617.57 July 2036 I-17-A Variable(1) $ 7,973,711.75 July 2036 I-18-A Variable(1) $ 7,681,233.87 July 2036 I-19-A Variable(1) $ 7,426,794.22 July 2036 I-20-A Variable(1) $ 7,503,675.55 July 2036 I-21-A Variable(1) $ 11,943,367.68 July 2036 I-22-A Variable(1) $ 11,076,996.02 July 2036 I-23-A Variable(1) $ 10,274,489.13 July 2036 I-24-A Variable(1) $ 9,541,175.76 July 2036 I-25-A Variable(1) $ 8,693,721.57 July 2036 I-26-A Variable(1) $ 5,616,582.40 July 2036 I-27-A Variable(1) $ 5,382,125.47 July 2036 I-28-A Variable(1) $ 5,157,761.88 July 2036 I-29-A Variable(1) $ 4,943,204.90 July 2036 I-30-A Variable(1) $ 4,737,927.50 July 2036 I-31-A Variable(1) $ 4,541,525.90 July 2036 I-32-A Variable(1) $ 4,353,600.36 July 2036 I-33-A Variable(1) $ 4,173,774.15 July 2036 I-34-A Variable(1) $ 4,001,641.79 July 2036 I-35-A Variable(1) $ 3,835,780.99 July 2036 I-36-A Variable(1) $ 3,678,268.64 July 2036 I-37-A Variable(1) $ 3,527,504.73 July 2036 I-38-A Variable(1) $ 3,383,190.53 July 2036 I-39-A Variable(1) $ 3,245,041.16 July 2036 I-40-A Variable(1) $ 3,112,779.20 July 2036 I-41-A Variable(1) $ 2,986,156.11 July 2036 I-42-A Variable(1) $ 2,864,917.98 July 2036 I-43-A Variable(1) $ 2,748,827.95 July 2036 I-44-A Variable(1) $ 2,637,659.84 July 2036 I-45-A Variable(1) $ 2,531,197.62 July 2036 I-46-A Variable(1) $ 2,429,234.99 July 2036 I-47-A Variable(1) $ 2,331,574.92 July 2036 I-48-A Variable(1) $ 2,238,029.22 July 2036 I-49-A Variable(1) $ 2,148,418.15 July 2036 I-50-A Variable(1) $ 2,062,570.01 July 2036 I-51-A Variable(1) $ 1,980,320.81 July 2036 I-52-A Variable(1) $ 1,901,513.89 July 2036 I-53-A Variable(1) $ 1,825,999.59 July 2036 I-54-A Variable(1) $ 1,753,634.95 July 2036 I-55-A Variable(1) $ 1,684,279.49 July 2036 I-56-A Variable(1) $ 1,617,810.84 July 2036 I-57-A Variable(1) $ 1,554,069.13 July 2036 I-58-A Variable(1) $ 1,493,212.81 July 2036 I-59-A Variable(1) $ 1,436,350.93 July 2036 I-60-A Variable(1) $ 1,380,074.60 July 2036 I-61-A Variable(1) $ 35,912,598.98 July 2036 I-1-B Variable(1) $ 2,988,391.23 July 2036 I-2-B Variable(1) $ 3,948,712.65 July 2036 I-3-B Variable(1) $ 4,909,679.78 July 2036 I-4-B Variable(1) $ 5,863,829.49 July 2036 I-5-B Variable(1) $ 6,803,977.36 July 2036 I-6-B Variable(1) $ 7,721,057.41 July 2036 I-7-B Variable(1) $ 8,585,403.70 July 2036 I-8-B Variable(1) $ 9,378,934.35 July 2036 I-9-B Variable(1) $ 9,870,775.35 July 2036 I-10-B Variable(1) $ 10,272,442.34 July 2036 I-11-B Variable(1) $ 9,900,355.42 July 2036 I-12-B Variable(1) $ 9,542,018.99 July 2036 I-13-B Variable(1) $ 9,200,258.34 July 2036 I-14-B Variable(1) $ 8,867,317.87 July 2036 I-15-B Variable(1) $ 8,546,630.40 July 2036 I-16-B Variable(1) $ 8,239,617.57 July 2036 I-17-B Variable(1) $ 7,973,711.75 July 2036 I-18-B Variable(1) $ 7,681,233.87 July 2036 I-19-B Variable(1) $ 7,426,794.22 July 2036 I-20-B Variable(1) $ 7,503,675.55 July 2036 I-21-B Variable(1) $ 11,943,367.68 July 2036 I-22-B Variable(1) $ 11,076,996.02 July 2036 I-23-B Variable(1) $ 10,274,489.13 July 2036 I-24-B Variable(1) $ 9,541,175.76 July 2036 I-25-B Variable(1) $ 8,693,721.57 July 2036 I-26-B Variable(1) $ 5,616,582.40 July 2036 I-27-B Variable(1) $ 5,382,125.47 July 2036 I-28-B Variable(1) $ 5,157,761.88 July 2036 I-29-B Variable(1) $ 4,943,204.90 July 2036 I-30-B Variable(1) $ 4,737,927.50 July 2036 I-31-B Variable(1) $ 4,541,525.90 July 2036 I-32-B Variable(1) $ 4,353,600.36 July 2036 I-33-B Variable(1) $ 4,173,774.15 July 2036 I-34-B Variable(1) $ 4,001,641.79 July 2036 I-35-B Variable(1) $ 3,835,780.99 July 2036 I-36-B Variable(1) $ 3,678,268.64 July 2036 I-37-B Variable(1) $ 3,527,504.73 July 2036 I-38-B Variable(1) $ 3,383,190.53 July 2036 I-39-B Variable(1) $ 3,245,041.16 July 2036 I-40-B Variable(1) $ 3,112,779.20 July 2036 I-41-B Variable(1) $ 2,986,156.11 July 2036 I-42-B Variable(1) $ 2,864,917.98 July 2036 I-43-B Variable(1) $ 2,748,827.95 July 2036 I-44-B Variable(1) $ 2,637,659.84 July 2036 I-45-B Variable(1) $ 2,531,197.62 July 2036 I-46-B Variable(1) $ 2,429,234.99 July 2036 I-47-B Variable(1) $ 2,331,574.92 July 2036 I-48-B Variable(1) $ 2,238,029.22 July 2036 I-49-B Variable(1) $ 2,148,418.15 July 2036 I-50-B Variable(1) $ 2,062,570.01 July 2036 I-51-B Variable(1) $ 1,980,320.81 July 2036 I-52-B Variable(1) $ 1,901,513.89 July 2036 I-53-B Variable(1) $ 1,825,999.59 July 2036 I-54-B Variable(1) $ 1,753,634.95 July 2036 I-55-B Variable(1) $ 1,684,279.49 July 2036 I-56-B Variable(1) $ 1,617,810.84 July 2036 I-57-B Variable(1) $ 1,554,069.13 July 2036 I-58-B Variable(1) $ 1,493,212.81 July 2036 I-59-B Variable(1) $ 1,436,350.93 July 2036 I-60-B Variable(1) $ 1,380,074.60 July 2036 I-61-B Variable(1) $ 35,912,598.98 July 2036 A-I Variable(1) $ 4,072,640.19 July 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (RASC Series 2006-Ks5 Trust), Pooling and Servicing Agreement (RASC Series 2006-Ks5 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and Account, the Interest Coverage AccountAccount and, for the avoidance of doubt, the Swap Agreement, the Swap Account and any rights or obligations in respect of the Swap Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 I-1-A Variable(2) $ 2,836,590.00 September 6,504,163.13 October 25, 2035 M-1 I-1-B Variable(2) $ 427,710.00 September 6,504,163.13 October 25, 2035 M-2 I-2-A Variable(2) $ 74,650.00 September 7,630,897.06 October 25, 2035 M-3 I-2-B Variable(2) $ 121,050.00 September 7,630,897.06 October 25, 2035 M-4 I-3-A Variable(2) $ 90,790.00 September 8,735,561.93 October 25, 2035 M-5 I-3-B Variable(2) $ 64,560.00 September 8,735,561.93 October 25, 2035 B-1 I-4-A Variable(2) $ 88,770.00 September 9,808,437.92 October 25, 2035 B-2 I-4-B Variable(2) $ 60,520.00 September 9,808,437.92 October 25, 2035 B-3 I-5-A Variable(2) $ 66,580.00 September 10,838,637.00 October 25, 2035 B-4 I-5-B Variable(2) $ 199,730.00 September 10,838,637.00 October 25, 2035 ZZ I-6-A Variable(2) $ 4,039,038.02 September 11,815,419.66 October 25, 2035 I-6-B Variable(2) $ 11,815,419.66 October 25, 2035 I-7-A Variable(2) $ 12,730,772.07 October 25, 2035 I-7-B Variable(2) $ 12,730,772.07 October 25, 2035 I-8-A Variable(2) $ 13,462,261.43 October 25, 2035 I-8-B Variable(2) $ 13,462,261.43 October 25, 2035 I-9-A Variable(2) $ 13,030,614.94 October 25, 2035 I-9-B Variable(2) $ 13,030,614.94 October 25, 2035 I-10-A Variable(2) $ 12,488,232.01 October 25, 2035 I-10-B Variable(2) $ 12,488,232.01 October 25, 2035 I-11-A Variable(2) $ 11,966,927.38 October 25, 2035 I-11-B Variable(2) $ 11,966,927.38 October 25, 2035 I-12-A Variable(2) $ 11,468,061.62 October 25, 2035 I-12-B Variable(2) $ 11,468,061.62 October 25, 2035 I-13-A Variable(2) $ 10,990,622.25 October 25, 2035 I-13-B Variable(2) $ 10,990,622.25 October 25, 2035 I-14-A Variable(2) $ 10,533,677.11 October 25, 2035 I-14-B Variable(2) $ 10,533,677.11 October 25, 2035 I-15-A Variable(2) $ 10,096,356.06 October 25, 2035 I-15-B Variable(2) $ 10,096,356.06 October 25, 2035 I-16-A Variable(2) $ 9,677,777.17 October 25, 2035 I-16-B Variable(2) $ 9,677,777.17 October 25, 2035 I-17-A Variable(2) $ 9,277,110.84 October 25, 2035 I-17-B Variable(2) $ 9,277,110.84 October 25, 2035 I-18-A Variable(2) $ 8,893,570.37 October 25, 2035 I-18-B Variable(2) $ 8,893,570.37 October 25, 2035 I-19-A Variable(2) $ 8,526,402.36 October 25, 2035 I-19-B Variable(2) $ 8,526,402.36 October 25, 2035 I-20-A Variable(2) $ 8,175,468.24 October 25, 2035 I-20-B Variable(2) $ 8,175,468.24 October 25, 2035 I-21-A Variable(2) $ 7,882,589.79 October 25, 2035 I-21-B Variable(2) $ 7,882,589.79 October 25, 2035 I-22-A Variable(2) $ 7,553,917.54 October 25, 2035 I-22-B Variable(2) $ 7,553,917.54 October 25, 2035 I-23-A Variable(2) $ 7,216,257.53 October 25, 2035 I-23-B Variable(2) $ 7,216,257.53 October 25, 2035 I-24-A Variable(2) $ 124,843,317.36 October 25, 2035 I-24-B Variable(2) $ 124,843,317.36 October 25, 2035 I-25-A Variable(2) $ 1,741,206.99 October 25, 2035 I-25-B Variable(2) $ 1,741,206.99 October 25, 2035 I-26-A Variable(2) $ 1,679,269.42 October 25, 2035 I-26-B Variable(2) $ 1,679,269.42 October 25, 2035 I-27-A Variable(2) $ 1,619,612.26 October 25, 2035 I-27-B Variable(2) $ 1,619,612.26 October 25, 2035 I-28-A Variable(2) $ 1,562,148.14 October 25, 2035 I-28-B Variable(2) $ 1,562,148.14 October 25, 2035 I-29-A Variable(2) $ 1,506,793.26 October 25, 2035 I-29-B Variable(2) $ 1,506,793.26 October 25, 2035 I-30-A Variable(2) $ 1,453,467.11 October 25, 2035 I-30-B Variable(2) $ 1,453,467.11 October 25, 2035 I-31-A Variable(2) $ 1,402,092.39 October 25, 2035 I-31-B Variable(2) $ 1,402,092.39 October 25, 2035 I-32-A Variable(2) $ 1,352,766.67 October 25, 2035 I-32-B Variable(2) $ 1,352,766.67 October 25, 2035 I-33-A Variable(2) $ 1,306,872.40 October 25, 2035 I-33-B Variable(2) $ 1,306,872.40 October 25, 2035 I-34-A Variable(2) $ 1,262,114.75 October 25, 2035 I-34-B Variable(2) $ 1,262,114.75 October 25, 2035 I-35-A Variable(2) $ 1,214,998.78 October 25, 2035 I-35-B Variable(2) $ 1,214,998.78 October 25, 2035 I-36-A Variable(2) $ 12,222,619.51 October 25, 2035 I-36-B Variable(2) $ 12,222,619.51 October 25, 2035 I-37-A Variable(2) $ 697,944.04 October 25, 2035 I-37-B Variable(2) $ 697,944.04 October 25, 2035 I-38-A Variable(2) $ 675,928.35 October 25, 2035 I-38-B Variable(2) $ 675,928.35 October 25, 2035 I-39-A Variable(2) $ 654,603.29 October 25, 2035 I-39-B Variable(2) $ 654,603.29 October 25, 2035 I-40-A Variable(2) $ 633,947.24 October 25, 2035 I-40-B Variable(2) $ 633,947.24 October 25, 2035 I-41-A Variable(2) $ 613,939.34 October 25, 2035 I-41-B Variable(2) $ 613,939.34 October 25, 2035 I-42-A Variable(2) $ 594,559.33 October 25, 2035 I-42-B Variable(2) $ 594,559.33 October 25, 2035 I-43-A Variable(2) $ 575,787.58 October 25, 2035 I-43-B Variable(2) $ 575,787.58 October 25, 2035 I-44-A Variable(2) $ 557,605.09 October 25, 2035 I-44-B Variable(2) $ 557,605.09 October 25, 2035 I-45-A Variable(2) $ 539,993.45 October 25, 2035 I-45-B Variable(2) $ 539,993.45 October 25, 2035 I-46-A Variable(2) $ 522,934.81 October 25, 2035 I-46-B Variable(2) $ 522,934.81 October 25, 2035 I-47-A Variable(2) $ 506,411.88 October 25, 2035 I-47-B Variable(2) $ 506,411.88 October 25, 2035 I-48-A Variable(2) $ 490,407.92 October 25, 2035 I-48-B Variable(2) $ 490,407.92 October 25, 2035 I-49-A Variable(2) $ 474,906.71 October 25, 2035 I-49-B Variable(2) $ 474,906.71 October 25, 2035 I-50-A Variable(2) $ 459,892.52 October 25, 2035 I-50-B Variable(2) $ 459,892.52 October 25, 2035 I-51-A Variable(2) $ 445,350.11 October 25, 2035 I-51-B Variable(2) $ 445,350.11 October 25, 2035 I-52-A Variable(2) $ 431,264.73 October 25, 2035 I-52-B Variable(2) $ 431,264.73 October 25, 2035 I-53-A Variable(2) $ 417,622.10 October 25, 2035 I-53-B Variable(2) $ 417,622.10 October 25, 2035 I-54-A Variable(2) $ 404,408.35 October 25, 2035 I-54-B Variable(2) $ 404,408.35 October 25, 2035 I-55-A Variable(2) $ 391,610.08 October 25, 2035 I-55-B Variable(2) $ 391,610.08 October 25, 2035 I-56-A Variable(2) $ 379,340.27 October 25, 2035 I-56-B Variable(2) $ 379,340.27 October 25, 2035 I-57-A Variable(2) $ 367,806.21 October 25, 2035 I-57-B Variable(2) $ 367,806.21 October 25, 2035 I-58-A Variable(2) $ 356,144.36 October 25, 2035 I-58-B Variable(2) $ 356,144.36 October 25, 2035 I-59-A Variable(2) $ 344,849.79 October 25, 2035 I-59-B Variable(2) $ 344,849.79 October 25, 2035 I-60-A Variable(2) $ 10,427,226.53 October 25, 2035 I-60-B Variable(2) $ 10,427,226.53 October 25, 2035 II-1-A Variable(2) $ 2,771,648.98 October 25, 2035 II-1-B Variable(2) $ 2,771,648.98 October 25, 2035 II-2-A Variable(2) $ 3,251,789.29 October 25, 2035 II-2-B Variable(2) $ 3,251,789.29 October 25, 2035 II-3-A Variable(2) $ 3,722,525.22 October 25, 2035 II-3-B Variable(2) $ 3,722,525.22 October 25, 2035 II-4-A Variable(2) $ 4,179,714.81 October 25, 2035 II-4-B Variable(2) $ 4,179,714.81 October 25, 2035 II-5-A Variable(2) $ 4,618,718.28 October 25, 2035 II-5-B Variable(2) $ 4,618,718.28 October 25, 2035 II-6-A Variable(2) $ 5,034,959.17 October 25, 2035 II-6-B Variable(2) $ 5,034,959.17 October 25, 2035 II-7-A Variable(2) $ 5,425,022.51 October 25, 2035 II-7-B Variable(2) $ 5,425,022.51 October 25, 2035 II-8-A Variable(2) $ 5,736,735.44 October 25, 2035 II-8-B Variable(2) $ 5,736,735.44 October 25, 2035 II-9-A Variable(2) $ 5,552,795.93 October 25, 2035 II-9-B Variable(2) $ 5,552,795.93 October 25, 2035 II-10-A Variable(2) $ 5,321,667.80 October 25, 2035 II-10-B Variable(2) $ 5,321,667.80 October 25, 2035 II-11-A Variable(2) $ 5,099,521.85 October 25, 2035 II-11-B Variable(2) $ 5,099,521.85 October 25, 2035 II-12-A Variable(2) $ 4,886,937.89 October 25, 2035 II-12-B Variable(2) $ 4,886,937.89 October 25, 2035 II-13-A Variable(2) $ 4,683,484.45 October 25, 2035 II-13-B Variable(2) $ 4,683,484.45 October 25, 2035 II-14-A Variable(2) $ 4,488,764.32 October 25, 2035 II-14-B Variable(2) $ 4,488,764.32 October 25, 2035 II-15-A Variable(2) $ 4,302,406.68 October 25, 2035 II-15-B Variable(2) $ 4,302,406.68 October 25, 2035 II-16-A Variable(2) $ 4,124,035.74 October 25, 2035 II-16-B Variable(2) $ 4,124,035.74 October 25, 2035 II-17-A Variable(2) $ 3,953,297.95 October 25, 2035 II-17-B Variable(2) $ 3,953,297.95 October 25, 2035 II-18-A Variable(2) $ 3,789,858.08 October 25, 2035 II-18-B Variable(2) $ 3,789,858.08 October 25, 2035 II-19-A Variable(2) $ 3,633,395.09 October 25, 2035 II-19-B Variable(2) $ 3,633,395.09 October 25, 2035 II-20-A Variable(2) $ 3,483,849.92 October 25, 2035 II-20-B Variable(2) $ 3,483,849.92 October 25, 2035 II-21-A Variable(2) $ 3,359,044.28 October 25, 2035 II-21-B Variable(2) $ 3,359,044.28 October 25, 2035 II-22-A Variable(2) $ 3,218,985.66 October 25, 2035 II-22-B Variable(2) $ 3,218,985.66 October 25, 2035 II-23-A Variable(2) $ 3,075,097.04 October 25, 2035 II-23-B Variable(2) $ 3,075,097.04 October 25, 2035 II-24-A Variable(2) $ 53,200,057.55 October 25, 2035 II-24-B Variable(2) $ 53,200,057.55 October 25, 2035 II-25-A Variable(2) $ 741,988.55 October 25, 2035 II-25-B Variable(2) $ 741,988.55 October 25, 2035 II-26-A Variable(2) $ 715,594.81 October 25, 2035 II-26-B Variable(2) $ 715,594.81 October 25, 2035 II-27-A Variable(2) $ 690,172.83 October 25, 2035 II-27-B Variable(2) $ 690,172.83 October 25, 2035 II-28-A Variable(2) $ 665,685.38 October 25, 2035 II-28-B Variable(2) $ 665,685.38 October 25, 2035 II-29-A Variable(2) $ 642,096.75 October 25, 2035 II-29-B Variable(2) $ 642,096.75 October 25, 2035 II-30-A Variable(2) $ 619,372.63 October 25, 2035 II-30-B Variable(2) $ 619,372.63 October 25, 2035 II-31-A Variable(2) $ 597,480.09 October 25, 2035 II-31-B Variable(2) $ 597,480.09 October 25, 2035 II-32-A Variable(2) $ 576,460.69 October 25, 2035 II-32-B Variable(2) $ 576,460.69 October 25, 2035 II-33-A Variable(2) $ 556,903.55 October 25, 2035 II-33-B Variable(2) $ 556,903.55 October 25, 2035 II-34-A Variable(2) $ 537,830.77 October 25, 2035 II-34-B Variable(2) $ 537,830.77 October 25, 2035 II-35-A Variable(2) $ 517,753.02 October 25, 2035 II-35-B Variable(2) $ 517,753.02 October 25, 2035 II-36-A Variable(2) $ 5,208,481.12 October 25, 2035 II-36-B Variable(2) $ 5,208,481.12 October 25, 2035 II-37-A Variable(2) $ 297,418.11 October 25, 2035 II-37-B Variable(2) $ 297,418.11 October 25, 2035 II-38-A Variable(2) $ 288,036.46 October 25, 2035 II-38-B Variable(2) $ 288,036.46 October 25, 2035 II-39-A Variable(2) $ 278,949.11 October 25, 2035 II-39-B Variable(2) $ 278,949.11 October 25, 2035 II-40-A Variable(2) $ 270,146.86 October 25, 2035 II-40-B Variable(2) $ 270,146.86 October 25, 2035 II-41-A Variable(2) $ 261,620.80 October 25, 2035 II-41-B Variable(2) $ 261,620.80 October 25, 2035 II-42-A Variable(2) $ 253,362.30 October 25, 2035 II-42-B Variable(2) $ 253,362.30 October 25, 2035 II-43-A Variable(2) $ 245,363.01 October 25, 2035 II-43-B Variable(2) $ 245,363.01 October 25, 2035 II-44-A Variable(2) $ 237,614.83 October 25, 2035 II-44-B Variable(2) $ 237,614.83 October 25, 2035 II-45-A Variable(2) $ 230,109.90 October 25, 2035 II-45-B Variable(2) $ 230,109.90 October 25, 2035 II-46-A Variable(2) $ 222,840.62 October 25, 2035 II-46-B Variable(2) $ 222,840.62 October 25, 2035 II-47-A Variable(2) $ 215,799.63 October 25, 2035 II-47-B Variable(2) $ 215,799.63 October 25, 2035 II-48-A Variable(2) $ 208,979.79 October 25, 2035 II-48-B Variable(2) $ 208,979.79 October 25, 2035 II-49-A Variable(2) $ 202,374.18 October 25, 2035 II-49-B Variable(2) $ 202,374.18 October 25, 2035 II-50-A Variable(2) $ 195,976.12 October 25, 2035 II-50-B Variable(2) $ 195,976.12 October 25, 2035 II-51-A Variable(2) $ 189,779.09 October 25, 2035 II-51-B Variable(2) $ 189,779.09 October 25, 2035 II-52-A Variable(2) $ 183,776.83 October 25, 2035 II-52-B Variable(2) $ 183,776.83 October 25, 2035 II-53-A Variable(2) $ 177,963.23 October 25, 2035 II-53-B Variable(2) $ 177,963.23 October 25, 2035 II-54-A Variable(2) $ 172,332.39 October 25, 2035 II-54-B Variable(2) $ 172,332.39 October 25, 2035 II-55-A Variable(2) $ 166,878.61 October 25, 2035 II-55-B Variable(2) $ 166,878.61 October 25, 2035 II-56-A Variable(2) $ 161,650.02 October 25, 2035 II-56-B Variable(2) $ 161,650.02 October 25, 2035 II-57-A Variable(2) $ 156,734.95 October 25, 2035 II-57-B Variable(2) $ 156,734.95 October 25, 2035 II-58-A Variable(2) $ 151,765.44 October 25, 2035 II-58-B Variable(2) $ 151,765.44 October 25, 2035 II-59-A Variable(2) $ 146,952.43 October 25, 2035 II-59-B Variable(2) $ 146,952.43 October 25, 2035 II-60-A Variable(2) $ 4,443,402.04 October 25, 2035 II-60-B Variable(2) $ 4,443,402.04 October 25, 2035 P 0.00% $ 100.00 October 25, 2035 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-He9), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-He9)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundFund created hereunder. On or prior to any Subsequent Transfer DateThe Certificates will consist of nineteen Classes of certificates, designated as (i) the Depositor acquired Class A Certificates, (ii) the Subsequent Mortgage LoansClass M Certificates, which will be sold to (iii) the Trust on Class B Certificates, (iv) the related Subsequent Transfer DateClass P Certificates, (v) the Class C Certificates and (vi) the Class R Certificates. REMIC I 1 As provided hereinin this Agreement, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina “REMIC”) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. 1.” The Class R-1 Certificates Interest will be represent the sole class Class of Residual Interests (as defined herein) “residual interests” in REMIC I 1 for purposes of the REMIC Provisions (as defined herein)in this Agreement) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 Pass-Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests (as defined herein)Interests. None of the REMIC I 1 Regular Interests will be certificated. Designation Uncertificated REMIC I 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA A-I Variable(2) $ 395,429,412.86 September 25, 2035 I-1-A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 I-1-B Variable(2) $ 427,710.00 September 25, 2035 M-2 I-2-A Variable(2) $ 74,650.00 September 25, 2035 M-3 I-2-B Variable(2) $ 121,050.00 September 25, 2035 M-4 I-3-A Variable(2) $ 90,790.00 September 25, 2035 M-5 I-3-B Variable(2) $ 64,560.00 September 25, 2035 B-1 I-4-A Variable(2) $ 88,770.00 September 25, 2035 B-2 I-4-B Variable(2) $ 60,520.00 September 25, 2035 B-3 I-5-A Variable(2) $ 66,580.00 September 25, 2035 B-4 I-5-B Variable(2) $ 199,730.00 September 25, 2035 ZZ I-6-A Variable(2) $ 4,039,038.02 September 25, 2035 I-6-B Variable(2) $ I-7-A Variable(2) $ I-7-B Variable(2) $ I-8-A Variable(2) $ I-8-B Variable(2) $ I-9-A Variable(2) $ I-9-B Variable(2) $ I-10-A Variable(2) $ I-10-B Variable(2) $ I-11-A Variable(2) $ I-11-B Variable(2) $ I-12-A Variable(2) $ I-12-B Variable(2) $ I-13-A Variable(2) $ I-13-B Variable(2) $ I-14-A Variable(2) $ I-14-B Variable(2) $ I-15-A Variable(2) $ I-15-B Variable(2) $ I-16-A Variable(2) $ I-16-B Variable(2) $ I-17-A Variable(2) $ I-17-B Variable(2) $ I-18-A Variable(2) $ I-18-B Variable(2) $ I-19-A Variable(2) $ I-19-B Variable(2) $ I-20-A Variable(2) $ I-20-B Variable(2) $ I-21-A Variable(2) $ I-21-B Variable(2) $ I-22-B Variable(2) $ I-23-A Variable(2) $ I-23-B Variable(2) $ I-24-A Variable(2) $ I-24-B Variable(2) $ I-25-A Variable(2) $ I-25-B Variable(2) $ I-26-A Variable(2) $ I-26-B Variable(2) $ I-27-A Variable(2) $ I-27-B Variable(2) $ I-28-A Variable(2) $ I-28-B Variable(2) $ I-29-A Variable(2) $ I-29-B Variable(2) $ I-30-A Variable(2) $ I-30-B Variable(2) $ I-31-A Variable(2) $ I-31-B Variable(2) $ I-32-A Variable(2) $ I-32-B Variable(2) $ I-33-A Variable(2) $ I-33-B Variable(2) $ I-34-A Variable(2) $ I-34-B Variable(2) $ I-35-A Variable(2) $ I-35-B Variable(2) $ I-36-A Variable(2) $ I-36-B Variable(2) $ I-37-A Variable(2) $ I-37-B Variable(2) $ I-38-A Variable(2) $ I-38-B Variable(2) $ I-39-A Variable(2) $ I-39-B Variable(2) $ I-40-A Variable(2) $ I-40-B Variable(2) $ I-41-A Variable(2) $ I-41-B Variable(2) $ I-42-A Variable(2) $ I-42-B Variable(2) $ I-43-A Variable(2) $ I-43-B Variable(2) $ I-44-A Variable(2) $ I-44-B Variable(2) $ I-45-A Variable(2) $ I-45-B Variable(2) $ I-46-B Variable(2) $ I-47-A Variable(2) $ I-47-B Variable(2) $ I-48-A Variable(2) $ I-48-B Variable(2) $ I-49-A Variable(2) $ I-49-B Variable(2) $ I-50-A Variable(2) $ I-50-B Variable(2) $ I-51-A Variable(2) $ I-51-B Variable(2) $ I-52-A Variable(2) $ I-52-B Variable(2) $ I-53-A Variable(2) $ I-53-B Variable(2) $ I-54-A Variable(2) $ I-54-B Variable(2) $ I-55-A Variable(2) $ I-55-B Variable(2) $ I-56-A Variable(2) $ I-56-B Variable(2) $ I-57-A Variable(2) $ I-57-B Variable(2) $ I-58-A Variable(2) $ I-58-B Variable(2) $ I-59-A Variable(2) $ I-59-B Variable(2) $ P Variable(2) $ ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp), Pooling and Servicing Agreement (Impac Secured Assets Corp)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Servicer Prepayment Charge Payment Amount, the Net WAC Rate Carryover Reserve Account and the Cap Contract) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I.” The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA I-LTAA Variable(2) $ 395,429,412.86 September 969,436,845.77 July 25, 2035 A X-XXX0X Variable(2) $ 2,836,590.00 September 947,400.00 July 25, 2035 M-1 I-LTA2 Variable(2) $ 427,710.00 September 2,480,690.00 July 25, 2035 M-2 I-LTA3 Variable(2) $ 74,650.00 September 438,450.00 July 25, 2035 M-3 I-LTA4 Variable(2) $ 121,050.00 September 1,132,400.00 July 25, 2035 M-4 I-LTA5 Variable(2) $ 90,790.00 September 200,000.00 July 25, 2035 M-5 I-LTA5W Variable(2) $ 64,560.00 September 719,250.00 July 25, 2035 B-1 I-LTA6 Variable(2) $ 88,770.00 September 883,860.00 July 25, 2035 B-2 I-LTM1 Variable(2) $ 60,520.00 September 242,360.00 July 25, 2035 B-3 I-LTM2 Variable(2) $ 66,580.00 September 237,410.00 July 25, 2035 B-4 I-LTM3 Variable(2) $ 199,730.00 September 67,000.00 July 25, 2035 ZZ I-LTM4 Variable(2) $ 4,039,038.02 September 74,190.00 July 25, 2035 I-LTM5 Variable(2) $ 59,350.00 July 25, 2035 I-LTM6 Variable(2) $ 48,750.00 July 25, 2035 I-LTM7 Variable(2) $ 49,460.00 July 25, 2035 I-LTM8 Variable(2) $ 37,590.00 July 25, 2035 I-LTM9 Variable(2) $ 49,460.00 July 25, 2035 I-LTB1 Variable(2) $ 54,400.00 July 25, 2035 I-LTB2 Variable(2) $ 54,410.00 July 25, 2035 I-LTZZ Variable(2) $ 9,971,355.42 July 25, 2000 X-XXX Variable(2) $ 100.00 July 25, 2035 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 2005-A), Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 2005-A)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in seventeen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account, the Swap Agreement and the SB-AM Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE I-1-A Variable(1) AA Variable(2$5,978,000.00 I-2-A Variable(1) $ 395,429,412.86 September 25, 2035 $7,686,000.00 I-3-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2$9,392,000.00 I-4-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(2$11,078,500.00 I-5-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(2$12,731,000.00 I-6-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(2$8,828,500.00 I-7-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(2$15,817,000.00 I-8-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(2$17,128,000.00 I-9-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(2$18,008,500.00 I-10-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(2$17,634,000.00 I-11-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(2$16,823,500.00 I-12-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(2$16,046,500.00 I-13-A Variable(1) $ 4,039,038.02 September 25, 2035 $15,306,500.00 I-14-A Variable(1) $14,600,000.00 I-15-A Variable(1) $13,928,000.00 I-16-A Variable(1) $13,286,000.00 I-17-A Variable(1) $12,675,000.00 I-18-A Variable(1) $12,105,000.00 I-19-A Variable(1) $11,791,000.00 I-20-A Variable(1) $18,918,500.00 I-21-A Variable(1) $106,850,500.00 I-22-A Variable(1) $31,524,500.00 I-23-A Variable(1) $5,203,000.00 I-24-A Variable(1) $4,437,000.00 I-25-A Variable(1) $3,728,500.00 I-26-A Variable(1) $3,023,000.00 I-27-A Variable(1) $2,889,500.00 I-28-A Variable(1) $2,762,000.00 I-29-A Variable(1) $2,641,000.00 I-30-A Variable(1) $1,959,000.00 I-31-A Variable(1) $6,965,500.00 I-32-A Variable(1) $1,111,500.00 I-33-A Variable(1) $1,077,500.00 I-34-A Variable(1) $1,044,000.00 I-35-A Variable(1) $1,011,500.00 I-36-A Variable(1) $980,000.00 I-37-A Variable(1) $949,500.00 I-38-A Variable(1) $919,500.00 I-39-A Variable(1) $890,000.00 I-40-A Variable(1) $862,500.00 I-41-A Variable(1) $835,000.00 I-42-A Variable(1) $808,000.00 I-43-A Variable(1) $782,500.00 I-44-A Variable(1) $757,500.00 I-45-A Variable(1) $21,726,000.00 I-1-B Variable(1) $5,978,000.00 I-2-B Variable(1) $7,686,000.00 I-3-B Variable(1) $9,392,000.00 I-4-B Variable(1) $11,078,500.00 I-5-B Variable(1) $12,731,000.00 I-6-B Variable(1) $8,828,500.00 I-7-B Variable(1) $15,817,000.00 I-8-B Variable(1) $17,128,000.00 I-9-B Variable(1) $18,008,500.00 I-10-B Variable(1) $17,634,000.00 I-11-B Variable(1) $16,823,500.00 I-12-B Variable(1) $16,046,500.00 I-13-B Variable(1) $15,306,500.00 I-14-B Variable(1) $14,600,000.00 I-15-B Variable(1) $13,928,000.00 I-16-B Variable(1) $13,286,000.00 I-17-B Variable(1) $12,675,000.00 I-18-B Variable(1) $12,105,000.00 I-19-B Variable(1) $11,791,000.00 I-20-B Variable(1) $18,918,500.00 I-21-B Variable(1) $106,850,500.00 I-22-B Variable(1) $31,524,500.00 I-23-B Variable(1) $5,203,000.00 I-24-B Variable(1) $4,437,000.00 I-25-B Variable(1) $3,728,500.00 I-26-B Variable(1) $3,023,000.00 I-27-B Variable(1) $2,889,500.00 I-28-B Variable(1) $2,762,000.00 I-29-B Variable(1) $2,641,000.00 I-30-B Variable(1) $1,959,000.00 I-31-B Variable(1) $6,965,500.00 I-32-B Variable(1) $1,111,500.00 I-33-B Variable(1) $1,077,500.00 I-34-B Variable(1) $1,044,000.00 I-35-B Variable(1) $1,011,500.00 I-36-B Variable(1) $980,000.00 I-37-B Variable(1) $949,500.00 I-38-B Variable(1) $919,500.00 I-39-B Variable(1) $890,000.00 I-40-B Variable(1) $862,500.00 I-41-B Variable(1) $835,000.00 I-42-B Variable(1) $808,000.00 I-43-B Variable(1) $782,500.00 I-44-B Variable(1) $757,500.00 I-45-B Variable(1) $21,726,000.00 I Variable(1) $78,255.439 II Variable(1) $21,744.565 A-I Variable(1) $48,900,043.746 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (RASC Series 2007-Ks2 Trust), Pooling and Servicing Agreement (RASC Series 2007-Ks2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to The Subsidiary REMIC will be evidenced by the Closing DateClass LT-AF-1, Class LT-AF-2, Class LT-AF-3, Class LT-AF-4, Class LT-AF-5, Class LT-AF-6, Class LT-MF-1, Class LT-MF-2, Class LT-BF-1, Class LT-BF-2, Class XX-XX-0, Xxxxx XX-XX-0, Class LT-MV-1, Class LT-MV-2, Class LT-BV-1 and Class LT-BV-2 Interests (the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans"Subsidiary REMIC Interests"), which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans uncertificated and certain other related assets subject to this Agreement (other than the Reserve Fund, the Prenon-Funding Account transferable and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be are hereby designated as “REMIC I”the "regular interests" in the Subsidiary REMIC. The Class R-1 Certificates will be Interest is hereby designated as the sole class of Residual Interests (residual interest in the Subsidiary REMIC. The Class R-2 Interest is hereby designated as defined herein) the sole class of residual interest in REMIC I for purposes the Subsidiary REMIC. The Class R Certificates will represent the beneficial ownership of each of the Class R-1 and Class R-2 Interests. The Subsidiary REMIC Provisions Interests will have the following designations, initial principal balances, pass-through rates, and Corresponding Classes of Master REMIC Certificates (as defined herein)"Corresponding Classes"): ------------------------------------------------------------------------------------------------------------------------- Pass- Corresponding Subsidiary REMIC Initial Through Allocation of Allocation of Class in Interests Balance Rate Interest Principal Master REMIC ------------------------------------------------------------------------------------------------------------------------- LT-AF-1 Corresponding Master REMIC Group 1 Net Rate AF-1, AF-IO AF-1 AF-1 Class balance Cap LT-AF-2 Corresponding Master REMIC Group 1 Net Rate AF-2, AF-IO AF-2 AF-2 Class balance Cap LT-AF-3 Corresponding Master REMIC Group 1 Net Rate AF-3, AF-IO AF-3 AF-3 Class balance Cap LT-AF-4 Corresponding Master REMIC Group 1 Net Rate AF-4, AF-IO AF-4 AF-4 Class balance Cap LT-AF-5 Corresponding Master REMIC Group 1 Net Rate AF-5, AF-IO AF-5 AF-5 Class balance Cap LT-AF-6 Corresponding Master REMIC Group 1 Net Rate AF-6, AF-IO AF-6 AF-6 Class balance Cap LT-MF-1 Corresponding Master REMIC Group 1 Net Rate MF-1, AF-IO MF-1 MF-1 Class balance Cap LT-MF-2 Corresponding Master REMIC Group 1 Net Rate MF-2, AF-IO MF-2 MF-2 Class balance Cap LT-BF-1 Corresponding Master REMIC Group 1 Net Rate BF-1, AF-IO BF-1 BF-1 Class balance Cap LT-BF-2 Corresponding Master REMIC Group 1 Net Rate BF-2, AF-IO BF-2 BF-2 Class balance Cap LT-AV-1 Corresponding Master REMIC Group 2 Net Rate XX-0, XX-XX XX-0 XX-0 Class balance Cap LT-AV-2 Corresponding Master REMIC Group 2 Net Rate XX-0, XX-XX XX-0 XX-0 Class balance Cap LT-MV-1 Corresponding Master REMIC Group 2 Net Rate XX-0, XX-XX XX-0 XX-0 Class balance Cap LT-MV-2 Corresponding Master REMIC Group 2 Net Rate XX-0, XX-XX XX-0 XX-0 Class balance Cap LT-BV-1 Corresponding Master REMIC Group 2 Net Rate BV-1, AV-IO BV-1 BV-1 Class balance Cap LT-BV-2 Corresponding Master REMIC Group 2 Net Rate BV-2, AV-IO BV-2 BV-2 Class balance Cap ------------------------------------------------------------------------------------------------------------------------- On each Distribution Date, after all distributions of principal have been made and all Realized Losses have been allocated on such Distribution Date (i) the principal balances of each of the Subsidiary REMIC Interests is equal to the principal balance of their Corresponding Class of Master REMIC Certificates. The following table irrevocably sets forth the designationMaster REMIC Interests, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of which is hereby designated a regular interest in the REMIC I Regular Interests (as defined herein). None of Master REMIC, will have the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I following designations, initial principal balances, pass-through rates: Original Certificate Class Principal Balance(1) Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date ------------------------------------- -------------------------------------- -------------------------- AF-1 $ 126,570,000 5.81%(2) AF-2 $ 26,961,000 5.846(2) AF-3 $ 84,461,000 6.102%(2) AF-4 $ 49,871,000 6.517%(2) AF-5 $ 52,137,000 7.070%(2)(3) AF-6 $ 40,000,000 6.434%(2)(3) AF-IO $400,000,000(4) (15) AA Variable(2MF-1 $ 7,000,000 7.215%(2) MF-2 $ 395,429,412.86 September 25, 2035 A Variable(25,000,000 7.511%(2) BF-1 $ 2,836,590.00 September 25, 2035 M-1 Variable(23,000,000 7.806%(2) BF-2 $ 427,710.00 September 25, 2035 M-2 Variable(25,000,000 (6) AV-1 $ 74,650.00 September 25, 2035 M-3 Variable(2330,400,000 (7) AV-2 $ 121,050.00 September 25, 2035 M-4 Variable(2330,400,000 (7) AV-IO $ 90,790.00 September 25, 2035 M-5 Variable(2700,000,000(4) (5)(8) MV-1 $ 64,560.00 September 25, 2035 B-1 Variable(214,000,000 (7) MV-2 $ 88,770.00 September 25, 2035 B-2 Variable(210,500,000 (7) BV-1 $ 60,520.00 September 25, 2035 B-3 Variable(25,950,000 (7) BV-2 $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________8,750,000 (7)
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2001-1), Pooling and Servicing Agreement (Cwabs Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, any Prepayment Charge Waiver Amounts and, for the Pre-Funding avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Swap Account, the Swap Collateral Account and any rights or obligations in respect of the Interest Coverage AccountSwap Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA I-24-B Variable(2) $ 395,429,412.86 September 25, 2035 2,074,317.42 February 2037 I-29-B Variable(2) $ 1,731,801.16 February 2037 I-34-B Variable(2) $ 1,445,766.34 February 2037 I-38-B Variable(2) $ 1,251,298.64 February 2037 I-41-B Variable(2) $ 1,122,787.71 February 2037 I-42-B Variable(2) $ 1,082,948.55 February 2037 I-43-B Variable(2) $ 1,044,520.47 February 2037 I-44-B Variable(2) $ 1,007,453.54 February 2037 I-45-B Variable(2) $ 27,306,553.04 February 2037 II-1-B Variable(2) $ 524,999.84 February 2037 II-3-B Variable(2) $ 488,479.69 February 2037 II-4-B Variable(2) $ 471,182.49 February 2037 II-5-B Variable(2) $ 454,497.07 February 2037 II-6-B Variable(2) $ 438,401.79 February 2037 II-7-A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 422,875.81 February 2037 II-7-B Variable(2) $ 427,710.00 September 25, 2035 M-2 422,875.81 February 2037 II-10-B Variable(2) $ 74,650.00 September 25, 2035 M-3 379,515.98 February 2037 II-11-A Variable(2) $ 121,050.00 September 25, 2035 M-4 366,072.97 February 2037 II-11-B Variable(2) $ 90,790.00 September 25, 2035 M-5 366,072.97 February 2037 II-12-A Variable(2) $ 64,560.00 September 25, 2035 B-1 353,105.52 February 2037 II-12-B Variable(2) $ 88,770.00 September 25, 2035 B-2 353,105.52 February 2037 II-13-A Variable(2) $ 60,520.00 September 25, 2035 B-3 340,596.82 February 2037 II-13-B Variable(2) $ 66,580.00 September 25, 2035 B-4 340,596.82 February 2037 II-14-B Variable(2) $ 199,730.00 September 25, 2035 ZZ 328,530.67 February 2037 II-15-A Variable(2) $ 4,039,038.02 September 25, 2035 316,891.40 February 2037 II-15-B Variable(2) $ 316,891.40 February 2037 II-16-B Variable(2) $ 305,663.95 February 2037 II-18-A Variable(2) $ 284,386.75 February 2037 II-18-B Variable(2) $ 284,386.75 February 2037 II-19-A Variable(2) $ 274,309.42 February 2037 II-19-B Variable(2) $ 274,309.42 February 2037 II-20-B Variable(2) $ 264,588.68 February 2037 II-21-A Variable(2) $ 255,211.94 February 2037 II-21-B Variable(2) $ 255,211.94 February 2037 II-22-B Variable(2) $ 246,167.02 February 2037 II-23-A Variable(2) $ 237,442.20 February 2037 II-23-B Variable(2) $ 237,442.20 February 2037 II-24-A Variable(2) $ 229,026.16 February 2037 II-24-B Variable(2) $ 229,026.16 February 2037 II-25-B Variable(2) $ 220,907.98 February 2037 II-26-A Variable(2) $ 213,077.14 February 2037 II-26-B Variable(2) $ 213,077.14 February 2037 II-27-A Variable(2) $ 205,523.48 February 2037 II-27-B Variable(2) $ 205,523.48 February 2037 II-28-A Variable(2) $ 198,237.18 February 2037 II-28-B Variable(2) $ 198,237.18 February 2037 II-29-A Variable(2) $ 191,208.81 February 2037 II-29-B Variable(2) $ 191,208.81 February 2037 II-30-A Variable(2) $ 184,429.24 February 2037 II-30-B Variable(2) $ 184,429.24 February 2037 II-32-B Variable(2) $ 171,581.62 February 2037 II-33-A Variable(2) $ 165,496.89 February 2037 II-33-B Variable(2) $ 165,496.89 February 2037 II-34-A Variable(2) $ 159,627.60 February 2037 II-34-B Variable(2) $ 159,627.60 February 2037 II-35-B Variable(2) $ 153,966.12 February 2037 II-36-B Variable(2) $ 148,505.10 February 2037 II-37-B Variable(2) $ 143,237.46 February 2037 II-38-A Variable(2) $ 138,156.35 February 2037 II-38-B Variable(2) $ 138,156.35 February 2037 II-39-A Variable(2) $ 133,255.18 February 2037 II-39-B Variable(2) $ 133,255.18 February 2037 II-40-A Variable(2) $ 128,527.58 February 2037 II-40-B Variable(2) $ 128,527.58 February 2037 II-41-A Variable(2) $ 123,967.41 February 2037 II-41-B Variable(2) $ 123,967.41 February 2037 II-42-A Variable(2) $ 119,568.75 February 2037 II-42-B Variable(2) $ 119,568.75 February 2037 II-43-A Variable(2) $ 115,325.89 February 2037 II-43-B Variable(2) $ 115,325.89 February 2037 II-44-A Variable(2) $ 111,233.32 February 2037 II-44-B Variable(2) $ 111,233.32 February 2037 II-45-A Variable(2) $ 3,014,926.67 February 2037 II-45-B Variable(2) $ 3,014,926.67 February 2037 ______________________________________
Appears in 2 contracts
Samples: Custodial Agreement (Bear Stearns Mortgage Funding Trust 2007-Sl2), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Sl2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of any Premium, the Supplemental Interest Trust Account, the Swap Agreement, the SB-AM Swap Agreement, the Yield Maintenance Agreement and the Corridor Agreements) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE I-1-A Variable(1) AA Variable(2$5,063,438.015 January 2037 I-2-A Variable(1) $5,461,321.125 January 2037 I-3-A Variable(1) $6,341,167.380 January 2037 I-4-A Variable(1) $6,733,438.720 January 2037 I-5-A Variable(1) $6,352,366.055 January 2037 I-6-A Variable(1) $5,779,893.775 January 2037 I-7-A Variable(1) $5,314,448.385 January 2037 I-8-A Variable(1) $4,901,330.220 January 2037 I-9-A Variable(1) $4,570,975.205 January 2037 I-10-A Variable(1) $4,309,653.115 January 2037 I-11-A Variable(1) $4,031,713.360 January 2037 I-12-A Variable(1) $3,798,356.775 January 2037 I-13-A Variable(1) $3,606,300.030 January 2037 I-14-A Variable(1) $4,171,766.385 January 2037 I-15-A Variable(1) $7,364,937.570 January 2037 I-16-A Variable(1) $10,471,354.695 January 2037 I-17-A Variable(1) $8,477,731.365 January 2037 I-18-A Variable(1) $6,353,782.155 January 2037 I-19-A Variable(1) $4,985,206.680 January 2037 I-20-A Variable(1) $4,128,735.135 January 2037 I-21-A Variable(1) $3,480,908.990 January 2037 I-22-A Variable(1) $3,276,277.800 January 2037 I-23-A Variable(1) $3,077,772.845 January 2037 I-24-A Variable(1) $2,803,983.020 January 2037 I-25-A Variable(1) $2,618,241.775 January 2037 I-26-A Variable(1) $2,578,953.290 January 2037 I-27-A Variable(1) $3,218,670.410 January 2037 I-28-A Variable(1) $3,938,171.235 January 2037 I-29-A Variable(1) $3,328,832.480 January 2037 I-30-A Variable(1) $2,204,187.185 January 2037 I-31-A Variable(1) $1,473,668.420 January 2037 I-32-A Variable(1) $1,857,219.985 January 2037 I-33-A Variable(1) $1,742,556.970 January 2037 I-34-A Variable(1) $1,595,026.450 January 2037 I-35-A Variable(1) $1,466,163.880 January 2037 I-36-A Variable(1) $1,365,779.185 January 2037 I-37-A Variable(1) $1,291,217.525 January 2037 I-38-A Variable(1) $1,243,200.275 January 2037 I-39-A Variable(1) $1,193,371.310 January 2037 I-40-A Variable(1) $1,134,629.925 January 2037 I-41-A Variable(1) $1,068,780.425 January 2037 I-42-A Variable(1) $994,842.585 January 2037 I-43-A Variable(1) $942,993.380 January 2037 I-44-A Variable(1) $880,341.210 January 2037 I-45-A Variable(1) $828,529.525 January 2037 I-46-A Variable(1) $20,367,333.245 January 2037 I-1-B Variable(1) $5,063,438.015 January 2037 I-2-B Variable(1) $5,461,321.125 January 2037 I-3-B Variable(1) $6,341,167.380 January 2037 I-4-B Variable(1) $6,733,438.720 January 2037 I-5-B Variable(1) $6,352,366.055 January 2037 I-6-B Variable(1) $5,779,893.775 January 2037 I-7-B Variable(1) $5,314,448.385 January 2037 I-8-B Variable(1) $4,901,330.220 January 2037 I-9-B Variable(1) $4,570,975.205 January 2037 I-10-B Variable(1) $4,309,653.115 January 2037 I-11-B Variable(1) $4,031,713.360 January 2037 I-12-B Variable(1) $3,798,356.775 January 2037 I-13-B Variable(1) $3,606,300.030 January 2037 I-14-B Variable(1) $4,171,766.385 January 2037 I-15-B Variable(1) $7,364,937.570 January 2037 I-16-B Variable(1) $10,471,354.695 January 2037 I-17-B Variable(1) $8,477,731.365 January 2037 I-18-B Variable(1) $6,353,782.155 January 2037 I-19-B Variable(1) $4,985,206.680 January 2037 I-20-B Variable(1) $4,128,735.135 January 2037 I-21-B Variable(1) $3,480,908.990 January 2037 I-22-B Variable(1) $3,276,277.800 January 2037 I-23-B Variable(1) $3,077,772.845 January 2037 I-24-B Variable(1) $2,803,983.020 January 2037 I-25-B Variable(1) $2,618,241.775 January 2037 I-26-B Variable(1) $2,578,953.290 January 2037 I-27-B Variable(1) $3,218,670.410 January 2037 I-28-B Variable(1) $3,938,171.235 January 2037 I-29-B Variable(1) $3,328,832.480 January 2037 I-30-B Variable(1) $2,204,187.185 January 2037 I-31-B Variable(1) $1,473,668.420 January 2037 I-32-B Variable(1) $1,857,219.985 January 2037 I-33-B Variable(1) $1,742,556.970 January 2037 I-34-B Variable(1) $1,595,026.450 January 2037 I-35-B Variable(1) $1,466,163.880 January 2037 I-36-B Variable(1) $1,365,779.185 January 2037 I-37-B Variable(1) $1,291,217.525 January 2037 I-38-B Variable(1) $1,243,200.275 January 2037 I-39-B Variable(1) $1,193,371.310 January 2037 I-40-B Variable(1) $1,134,629.925 January 2037 I-41-B Variable(1) $1,068,780.425 January 2037 I-42-B Variable(1) $994,842.585 January 2037 I-43-B Variable(1) $942,993.380 January 2037 I-44-B Variable(1) $880,341.210 January 2037 I-45-B Variable(1) $828,529.525 January 2037 I-46-B Variable(1) $20,367,333.245 January 2037 A-I Variable(1) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 58,649,220.890 January 2037 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (RASC Series 2007-Ks1 Trust), Pooling and Servicing Agreement (RASC Series 2007-Ks1 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprising of the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold the Pre-Funding Account and the Interest Coverage Account and certain other related assets subject to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve FundMaster Servicer Prepayment Charge Payment Amount, the Pre-Funding Account and the Interest Coverage Account) subject to this Agreement as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA Remittance Rate Uncertificated Balance ---------------- --------------- ---------------------- I-LT1 Variable(2) $ 395,429,412.86 September 25, 2035 A I-LT2 Variable(2) $ 2,836,590.00 September 25, 2035 M-1 I-LT3 Variable(2) $ 427,710.00 September 25, 2035 M-2 I-LT4 Variable(2) $ 74,650.00 September 25, 2035 M-3 I-LT5 Variable(2) $ 121,050.00 September 25, 2035 M-4 I-LT6 Variable(2) $ 90,790.00 September 25, 2035 M-5 I-LT7 Variable(2) $ 64,560.00 September 25, 2035 B-1 I-LTP Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Park Place Securities, Inc.), Pooling and Servicing Agreement (Boardwalk Mortgage Securities Inc.)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner aggregate will evidence the entire beneficial ownership interest of the Trust Fund that is hereby conveyed to created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property related assets subject to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve FundFund and, for the avoidance of doubt, the Pre-Funding Account Supplemental Interest Trust and the Interest Coverage AccountSwap Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates [__] Interest will be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date Date(1) [____________] [____________](12) AA Variable(2[____________] [____________] [____________] [____________](2) $ 395,429,412.86 September 25, 2035 A Variable(2[____________] [____________] [____________] [____________](2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 [____________] [____________] ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Ace Securities Corp), Pooling and Servicing Agreement (Ace Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (RASC Series 2006-Ks4), Pooling and Servicing Agreement (RASC Series 2006-Ks4)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the The Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposespurposes will consist of three REMICs (“Subsidiary REMIC 1”, “Subsidiary REMIC 2” and such segregated pool of assets will be designated as the “REMIC IMaster REMIC”. The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each federal income tax purposes of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests all interests created hereby will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance the Latest Possible Maturity Date Date. Subsidiary REMIC 1 will consist of all of the assets constituting the Trust Fund corresponding to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 and will be evidenced by the following uncertificated 20 interests that shall be designated as REMIC regular interests: the LT1-1 Interest, the LT2-1 Interest, the LT3-1 Interest, the LT1-2 Interest, the LT2-2 Interest, the LT3-2 Interest, the LT1-3 Interest, the LT2-3 Interest, the LT3-3 Interest, the LT1-4 Interest, the LT2-4 Interest, the LT3-4 Interest, the LT1-5 Interest, the LT2-5 Interest, the LT3-5 Interest, the LT-PP-A-X Interest, the LT-15-A-X Interest, the LT-30-A-X Interest, the LT-15-PO Interest, the LT-30-PO Interest, the LT-4-A-10-Rounding Interest, the LT-4-A-11-Rounding Interest, the LT-4-12-Rounding Interest, the LT-4-A-23-Rounding Interest, and the LT-4-A-24 Rounding Interest (the “Subsidiary REMIC 1 Regular Interests”). In addition, Subsidiary REMIC 1 shall issue the R-1 interest and shall designate such interest as its sole class of residual interest. Subsidiary REMIC 2 shall hold as its assets the uncertificated REMIC regular interests issued by Subsidiary REMIC 1. Subsidiary REMIC 2 shall issue the R-2 interest and shall designate such interest as its sole class of residual interest. In addition, Subsidiary REMIC 2 shall issue the uncertificated REMIC regular interests set forth below for Subsidiary REMIC 2. The Master REMIC will consist of the Subsidiary REMIC 2 Regular Interests and will be evidenced by the Classes of regular interests set forth below for the Master REMIC (which each will represent the “regular interests” in the Master REMIC) AA Variable(2) $ 395,429,412.86 September 25and the R-3 Interest as the single “residual interest” in the Master REMIC. The Class A-R shall not be considered a Certificate issued by the Master REMIC, 2035 A Variable(2) $ 2,836,590.00 September 25but instead shall represent beneficial ownership of the Class R-1, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________Class R-2 and Class R-3 interests.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Incmastr Asset Sec Tr 2003 7), Pooling and Servicing Agreement (Mortgage Asset Sec Trans Incmastr Asset Sec Tr 2003 7)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprising of the Trust FundMortgage Loans and certain other related assets subject to this Agreement. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Servicer Prepayment Charge Payment Amount) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I PassINITIAL LATEST POSSIBLE DESIGNATION REMITTANCE RATE UNCERTIFICATED BALANCE(1) MATURITY DATE(3) ----------- --------------- ------------------------- ---------------- I-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA LT1 Variable(2) $ 395,429,412.86 September 25, 2035 A I-LT4 Variable(2) $ 2,836,590.00 September 25, 2035 M-1 I-LT5 Variable(2) $ 427,710.00 September 25, 2035 M-2 I-LT6 Variable(2) $ 74,650.00 September 25, 2035 M-3 I-LT7 Variable(2) $ 121,050.00 September 25, 2035 M-4 I-LT8 Variable(2) $ 90,790.00 September 25, 2035 M-5 I-LT9 Variable(2) $ 64,560.00 September 25, 2035 B-1 LTPI(3) Variable(2) $ 88,770.00 September 25, 2035 B-2 I-LT3 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________-------------------------
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Boardwalk Mortgage Securities Inc.), Pooling and Servicing Agreement (Park Place Securities, Inc.)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing DateFor federal income tax purposes, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing will consist of the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. following two real estate mortgage investment conduits: REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than Agreement, but excluding the Reserve Fund, the Pre-Funding Capitalized Interest Account and the Interest Coverage Account) Yield Maintenance Agreement, as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Component I of the Class R-1 A-R Certificates will be represent the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, pass-through rate (the “Uncertificated REMIC I Pass-Through Rate, the ”) and initial Uncertificated Principal Balance and, for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”). The “latest possible maturity date” (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Latest Possible Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Rate(1) Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA LT1 Variable(2) $ 395,429,412.86 September 25, 2035 A 491,928,978.58 LT2 Variable(2) $ 2,836,590.00 September 25, 2035 M-1 24,600.14 LT3 0.00%(3) $ 24,600.14 LT4 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) 24,600.14 Class A-R† 0.00% $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________100.00 † The Class A-R Certificates are entitled to receive the applicable Residual Distribution Amount.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (BellaVista Funding CORP), Pooling and Servicing Agreement (BellaVista Mortgage Trust 2004-2)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carryover Reserve Account and the Cap Contracts) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I.” The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date Date(1) I-LTAA Variable (1) AA Variable(22) $ 395,429,412.86 705,589,628.75 May 25, 2035 I-LTA1 Variable (2) $ 2,599,110.00 September 25, 2035 A Variable(22025 I-LTA2 Variable (2) $ 2,836,590.00 September 2,504,520.00 January 25, 2034 I-LTA3 Variable (2) $ 432,970.00 May 25, 2035 M-1 Variable(2I-LTM1 Variable (2) $ 427,710.00 September 281,410.00 May 25, 2035 M-2 Variable(2I-LTM2 Variable (2) $ 74,650.00 September 255,830.00 May 25, 2035 M-3 Variable(2I-LTM3 Variable (2) $ 121,050.00 September 153,500.00 May 25, 2035 M-4 Variable(2I-LTM4 Variable (2) $ 90,790.00 September 266,790.00 May 25, 2035 M-5 Variable(2I-LTM5 Variable (2) $ 64,560.00 September 120,600.00 May 25, 2035 B-1 Variable(2I-LTM6 Variable (2) $ 88,770.00 September 109,640.00 May 25, 2035 B-2 Variable(2I-LTM7 Variable (2) $ 60,520.00 September 98,680.00 May 25, 2035 B-3 Variable(2I-LTM8 Variable (2) $ 66,580.00 September 87,710.00 May 25, 2035 B-4 Variable(2I-LTM9 Variable (2) $ 199,730.00 September 76,740.00 May 25, 2035 ZZ Variable(2I-LTZZ Variable (2) $ 4,039,038.02 September 7,412,288.34 May 25, 0000 X-XXX Variable (2) $ 100.00 May 25, 2035 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Carrington Mortgage Loan Trust 2005-Nc2), Pooling and Servicing Agreement (Carrington Mortgage Loan Trust 2005-Nc2)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprising of the Trust FundMortgage Loans and certain other related assets subject to this Agreement. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Servicer Prepayment Charge Payment Amount) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I PassINITIAL LATEST POSSIBLE DESIGNATION REMITTANCE RATE UNCERTIFICATED BALANCE(1) MATURITY DATE(3) ----------- --------------- ------------------------- ---------------- I-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA LT1 Variable(2) $ 395,429,412.86 September 25, 2035 A I-LT4 Variable(2) $ 2,836,590.00 September 25, 2035 M-1 I-LT5 Variable(2) $ 427,710.00 September 25, 2035 M-2 I-LT6 Variable(2) $ 74,650.00 September 25, 2035 M-3 I-LT7 Variable(2) $ 121,050.00 September 25, 2035 M-4 I-LT8 Variable(2) $ 90,790.00 September 25, 2035 M-5 I-LT9 Variable(2) $ 64,560.00 September 25, 2035 B-1 LTPI(3) Variable(2) $ 88,770.00 September 25, 2035 B-2 I-LT3 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________)
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (New Century Mortgage Securities LLC), Pooling and Servicing Agreement (Argent Securities Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in multiple classes, which Certificates in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundFund created hereunder. On or prior to any Subsequent Transfer DateThe Certificates will consist of eight classes of certificates, designated as (i) the Depositor acquired Class A-1 Certificates, (ii) the Subsequent Mortgage LoansClass A-2 Certificates, which will be sold to (iii) the Trust on Class A-3 Certificates, (iv) the related Subsequent Transfer DateClass M Certificates, (v) the Class B Certificates, (vi) the Class C Certificates, (vii) the Class P Certificates and (viii) the Class R Certificates. REMIC I 1 As provided herein, the Securities Administrator, on behalf of the Trustee will elect shall make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than exclusive of the Excess Reserve Fund, the Pre-Funding Fund Account and the Interest Coverage Accountother assets identified as excluded in accordance with the definition of “REMIC 1” herein) as a REMIC real estate mortgage investment conduit (as defined hereina “REMIC”) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. 1.” The Class R-1 Certificates will be Interest represents the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I 1 for purposes of the REMIC Provisions (as defined herein)Provisions. The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 Pass-Through Rate, the initial Uncertificated Principal Balance andBalance, and for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests (as defined herein)Interests. None of the REMIC I 1 Regular Interests will be certificated. Designation Uncertificated REMIC I 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA LT1AA Variable(2) $ 395,429,412.86 September 165,478,105.44 April 25, 2035 A 2012 LT1A1 Variable(2) $ 2,836,590.00 September 968,290.00 April 25, 2035 M-1 2012 LT1A2 Variable(2) $ 427,710.00 September 490,450.00 April 25, 2035 M-2 2012 LT1A3 Variable(2) $ 74,650.00 September 207,860.00 April 25, 2035 M-3 2012 LT1M Variable(2) $ 121,050.00 September 7,590.00 April 25, 2035 M-4 2012 LT1B Variable(2) $ 90,790.00 September 14,362.09 April 25, 2035 M-5 2012 LT1ZZ Variable(2) $ 64,560.00 September 1,688,552.10 April 25, 2035 B-1 2012 LT1P Variable(2) $ 88,770.00 September 100.00 April 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2012 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (IndyMac Residential Mortgage-Backed Trust, Series 2006-L3), Pooling and Servicing Agreement (IndyMac Residential Mortgage-Backed Trust, Series 2006-L3)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Group I Mortgage Loans and certain other related assets subject to this Agreement (other than the Group I Reserve Fund, any related Prepayment Charge Waiver Amounts and, for the Pre-Funding avoidance of doubt, the Group I Supplemental Interest Trust, the Group I Swap Agreement, the Group I Yield Maintenance Agreement, the Group I Derivative Account and any rights or obligations in respect of the Interest Coverage AccountDerivative Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class I-R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA I-Non-Swap Variable(2) $ 395,429,412.86 September 99,154,566.60 December 25, 2035 I-8-A Variable(2) $ 2,836,590.00 September 9,695,592.99 December 25, 2035 M-1 I-8-B Variable(2) $ 427,710.00 September 9,695,592.99 December 25, 2035 M-2 I-9-A Variable(2) $ 74,650.00 September 9,481,714.08 December 25, 2035 M-3 I-9-B Variable(2) $ 121,050.00 September 9,481,714.08 December 25, 2035 M-4 I-10-A Variable(2) $ 90,790.00 September 9,064,918.62 December 25, 2035 M-5 I-10-B Variable(2) $ 64,560.00 September 9,064,918.62 December 25, 2035 B-1 I-11-A Variable(2) $ 88,770.00 September 8,653,572.06 December 25, 2035 B-2 I-11-B Variable(2) $ 60,520.00 September 8,653,572.06 December 25, 2035 B-3 I-12-A Variable(2) $ 66,580.00 September 8,261,097.20 December 25, 2035 B-4 I-12-B Variable(2) $ 199,730.00 September 8,261,097.20 December 25, 2035 ZZ I-13-A Variable(2) $ 4,039,038.02 September 7,886,621.58 December 25, 2035 I-13-B Variable(2) $ 7,886,621.58 December 25, 2035 I-14-A Variable(2) $ 7,529,313.26 December 25, 2035 I-14-B Variable(2) $ 7,529,313.26 December 25, 2035 I-15-A Variable(2) $ 7,188,379.03 December 25, 2035 I-15-B Variable(2) $ 7,188,379.03 December 25, 2035 I-16-A Variable(2) $ 6,863,062.48 December 25, 2035 I-16-B Variable(2) $ 6,863,062.48 December 25, 2035 I-17-A Variable(2) $ 6,552,642.31 December 25, 2035 I-17-B Variable(2) $ 6,552,642.31 December 25, 2035 I-18-A Variable(2) $ 6,256,430.75 December 25, 2035 I-18-B Variable(2) $ 6,256,430.75 December 25, 2035 I-19-A Variable(2) $ 5,973,771.98 December 25, 2035 I-19-B Variable(2) $ 5,973,771.98 December 25, 2035 I-20-A Variable(2) $ 5,711,992.63 December 25, 2035 I-20-B Variable(2) $ 5,711,992.63 December 25, 2035 I-21-A Variable(2) $ 5,438,168.67 December 25, 2035 I-21-B Variable(2) $ 5,438,168.67 December 25, 2035 I-22-A Variable(2) $ 5,192,862.42 December 25, 2035 I-22-B Variable(2) $ 5,192,862.42 December 25, 2035 I-23-A Variable(2) $ 4,959,214.33 December 25, 2035 I-23-B Variable(2) $ 4,959,214.33 December 25, 2035 I-24-A Variable(2) $ 75,798,788.57 December 25, 2035 I-24-B Variable(2) $ 75,798,788.57 December 25, 2035 I-25-A Variable(2) $ 1,171,777.92 December 25, 2035 I-25-B Variable(2) $ 1,171,777.92 December 25, 2035 I-26-A Variable(2) $ 1,126,490.40 December 25, 2035 I-26-B Variable(2) $ 1,126,490.40 December 25, 2035 I-27-A Variable(2) $ 1,083,022.09 December 25, 2035 I-27-B Variable(2) $ 1,083,022.09 December 25, 2035 I-28-A Variable(2) $ 1,041,297.19 December 25, 2035 I-28-B Variable(2) $ 1,041,297.19 December 25, 2035 I-29-A Variable(2) $ 1,001,243.17 December 25, 2035 I-29-B Variable(2) $ 1,001,243.17 December 25, 2035 I-30-A Variable(2) $ 962,790.61 December 25, 2035 I-30-B Variable(2) $ 962,790.61 December 25, 2035 I-31-A Variable(2) $ 925,861.61 December 25, 2035 I-31-B Variable(2) $ 925,861.61 December 25, 2035 I-32-A Variable(2) $ 889,735.34 December 25, 2035 I-32-B Variable(2) $ 889,735.34 December 25, 2035 I-33-A Variable(2) $ 855,739.14 December 25, 2035 I-33-B Variable(2) $ 855,739.14 December 25, 2035 I-34-A Variable(2) $ 823,115.83 December 25, 2035 I-34-B Variable(2) $ 823,115.83 December 25, 2035 I-35-A Variable(2) $ 791,790.50 December 25, 2035 I-35-B Variable(2) $ 791,790.50 December 25, 2035 I-36-A Variable(2) $ 7,101,797.25 December 25, 2035 I-36-B Variable(2) $ 7,101,797.25 December 25, 2035 I-37-A Variable(2) $ 433,126.63 December 25, 2035 I-37-B Variable(2) $ 433,126.63 December 25, 2035 I-38-A Variable(2) $ 419,507.78 December 25, 2035 I-38-B Variable(2) $ 419,507.78 December 25, 2035 I-39-A Variable(2) $ 406,315.01 December 25, 2035 I-39-B Variable(2) $ 406,315.01 December 25, 2035 I-40-A Variable(2) $ 393,535.06 December 25, 2035 I-40-B Variable(2) $ 393,535.06 December 25, 2035 I-41-A Variable(2) $ 381,155.03 December 25, 2035 I-41-B Variable(2) $ 381,155.03 December 25, 2035 I-42-A Variable(2) $ 369,162.46 December 25, 2035 I-42-B Variable(2) $ 369,162.46 December 25, 2035 I-43-A Variable(2) $ 357,545.29 December 25, 2035 I-43-B Variable(2) $ 357,545.29 December 25, 2035 I-44-A Variable(2) $ 346,291.80 December 25, 2035 I-44-B Variable(2) $ 346,291.80 December 25, 2035 I-45-A Variable(2) $ 335,390.66 December 25, 2035 I-45-B Variable(2) $ 335,390.66 December 25, 2035 I-46-A Variable(2) $ 324,830.86 December 25, 2035 I-46-B Variable(2) $ 324,830.86 December 25, 2035 I-47-A Variable(2) $ 314,601.78 December 25, 2035 I-47-B Variable(2) $ 314,601.78 December 25, 2035 I-48-A Variable(2) $ 304,693.09 December 25, 2035 I-48-B Variable(2) $ 304,693.09 December 25, 2035 I-49-A Variable(2) $ 295,094.81 December 25, 2035 I-49-B Variable(2) $ 295,094.81 December 25, 2035 I-50-A Variable(2) $ 285,797.23 December 25, 2035 I-50-B Variable(2) $ 285,797.23 December 25, 2035 I-51-A Variable(2) $ 276,790.99 December 25, 2035 I-51-B Variable(2) $ 276,790.99 December 25, 2035 I-52-A Variable(2) $ 268,066.99 December 25, 2035 I-52-B Variable(2) $ 268,066.99 December 25, 2035 I-53-A Variable(2) $ 259,648.56 December 25, 2035 I-53-B Variable(2) $ 259,648.56 December 25, 2035 I-54-A Variable(2) $ 251,461.13 December 25, 2035 I-54-B Variable(2) $ 251,461.13 December 25, 2035 I-55-A Variable(2) $ 243,530.41 December 25, 2035 I-55-B Variable(2) $ 243,530.41 December 25, 2035 I-56-A Variable(2) $ 235,848.37 December 25, 2035 I-56-B Variable(2) $ 235,848.37 December 25, 2035 I-57-A Variable(2) $ 228,407.27 December 25, 2035 I-57-B Variable(2) $ 228,407.27 December 25, 2035 I-58-A Variable(2) $ 221,995.66 December 25, 2035 I-58-B Variable(2) $ 221,995.66 December 25, 2035 I-59-A Variable(2) $ 214,969.37 December 25, 2035 I-59-B Variable(2) $ 214,969.37 December 25, 2035 I-60-A Variable(2) $ 6,515,860.72 December 25, 2035 I-60-B Variable(2) $ 6,515,860.72 December 25, 2035 P 0.00% $ 100.00 December 25, 2035 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-He1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior The Trust Fund is being conveyed to the Closing Date, Trustee to create a trust for the Depositor acquired benefit of the Initial Mortgage Loans from Certificateholders. The Trust Fund for federal income tax purposes will consist of two REMICs. The Lower-Tier REMIC will consist of all of the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to assets constituting the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, Lower-Tier REMIC Regular Interests and proceeds thereof in the PreDistribution Account) and will be evidenced by the Lower-Funding Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class A-LR Certificate as the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Interest Coverage AccountRegular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class A-R Certificate as a REMIC (as defined herein) the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes, and such segregated pool purposes of assets will be designated as “REMIC I”. The Class R-1 Certificates all interests created hereby will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein)Latest Possible Maturity Date. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each characteristics of the REMIC I Regular Interests Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (as defined herein). None except that one Certificate of the REMIC I Regular Interests will each Class of Certificates may be certificated. Designation Uncertificated REMIC I Passissued in a different amount): INITIAL CLASS CERTIFICATE INTEGRAL BALANCE OR INITIAL MULTIPLES CLASS NOTIONAL PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date THROUGH MINIMUM IN EXCESS OF AMOUNT RATE DENOMINATION MINIMUM -------------- ------------ ------------ ------------ Class A-1 $101,741,000 5.9020% (1) AA Variable(2$ 25,000 $1 Class A-2 $ 50,000,000 5.3000% (2) $ 395,429,412.86 September 25, 2035 A Variable(225,000 $1 Class A-3 $ 50,000,000 (3) 0.6020% (4) $25,000,000 (5) $1 Class A-R $ 50 5.9020% (1) $ 2,836,590.00 September 25, 2035 M-1 Variable(250 N/A Class A-LR $ 50 5.9020% (1) $ 427,710.00 September 25, 2035 M-2 Variable(250 N/A Class B-1 $ 1,564,000 5.9020% (1) $ 74,650.00 September 25, 2035 M-3 Variable(225,000 $1 Class B-2 $ 1,173,000 5.9020% (1) $ 121,050.00 September 25, 2035 M-4 Variable(225,000 $1 Class B-3 $ 1,017,000 5.9020% (1) $ 90,790.00 September 25, 2035 M-5 Variable(225,000 $1 Class B-4 $ 313,000 5.9020% (1) $ 64,560.00 September 25, 2035 B-1 Variable(225,000 $1 Class B-5 $ 156,000 5.9020% (1) $ 88,770.00 September 25, 2035 B-2 Variable(225,000 $1 Class B-6 $ 470,426.68 5.9020% (1) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________25,000 $1 -----------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pass THR Cert Ser 2002 1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing aggregate shall evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund shall consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I ------- As provided herein, the Securities Administrator, on behalf of the Trustee will shall elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fundany Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Interest Coverage Accounts, any Subsequent Mortgage Loan Interest, the Net WAC Rate Carryover Reserve Account and the Interest Coverage AccountCap Contracts) subject to this Agreement as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will shall be designated as “"REMIC I”. I." The Class R-1 Certificates will R-I Interest shall be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation Section regulation section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will shall be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date (1Date(1) AA ----------- --------------- ---------------------- ----------------- I-LT1 Variable(2) $ 395,429,412.86 September 2,260,928,984.02 February 25, 2035 A I-LT1PF Variable(2) $ 2,836,590.00 September 557,239,870.27 February 25, 0000 X-XX0 Variable(2) $ 471,290,900.20 February 25, 2035 M-1 I-LT2PF Variable(2) $ 427,710.00 September 115,843,553.89 February 25, 0000 X-XX0 Variable(2) $ 717,781,040.69 February 25, 2035 M-2 I-LT3PF Variable(2) $ 74,650.00 September 176,916,525.29 February 25, 2035 M-3 0000 X-XXX Variable(2) $ 121,050.00 September 100.00 February 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2035
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage pass-through certificates (collectively, the Depositor acquired "CERTIFICATES"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundMortgage Loans (as defined herein). On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee Servicer will elect make an election to treat the entire segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than including the Reserve Mortgage Loans but excluding the Initial Monthly Payment Fund), the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as “REMIC I”the "Trust Fund". The Class R-1 A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, each of the Uncertificated REMIC Regular Interests (as defined herein), Class M Certificates and Class B Certificates will represent ownership of "regular interests" in the REMIC, and the Class R Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I "residual interests" therein for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The Class A-5 Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC Regular Interests. The following table irrevocably sets forth the designation, the Uncertificated REMIC I type, Pass-Through Rate, the aggregate Initial Certificate Principal Balance, Maturity Date, initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ratings and certain features for each Class of Certificates comprising the REMIC I Regular Interests (as defined herein)interests in the Trust Fund created hereunder. None of the REMIC I Regular Interests will be certificated. Aggregate Initial Designation Uncertificated REMIC I Type Pass-Through Rate Initial Uncertificated Certificate Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ----------- ---- ----------------- ----------------------------- Class A-1 Senior [_________]% $ [________.__] Class A-2 Senior [_________]% $ [________.__] Class A-3 Senior [_________]% $ [________.__] Class A-4 Senior/Principal Only 0.00% $ 0.00 Class A-5 Senior/Stripped Interest Variable Rate $ [________.__] Class R Residual [_________] $ [________.__] Class M Mezzanine [_________] $ [________.__] Class B Subordinate [_________] $ [________.__] Initial Ratings ---------------------------------------- Designation Features Maturity Date [S&P] [Fitch] [Moody's] ----------- -------- ------------- --- ----- ------- Class A-1 Senior [_______ __,____] [_____] [_____] [_____] Class A-2 Senior [_______ __,____] [_____] [_____] [_____] Class A-3 Senior [_______ __,____] [_____] [_____] [_____] Class A-4 Senior/Principal [_______ __,____] [_____] [_____] [_____] Only Class A-5 Senior/Stripped [_______ __,____] [_____] [_____] [_____] Interest Class R Residual [_______ __,____] [_____] [_____] [_____] Class M Mezzanine [_______ __,____] [_____] [_____] [_____] The Mortgage Loans have an aggregate Cut-off Date Principal Balance equal to $[]. The Mortgage Loans are [fixed] [adjustable] rate mortgage loans. In consideration of the mutual agreements herein contained, the Company, the Servicer and the Trustee agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Taconic Asset Acceptance Company, L.L.C.)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Class Designation Uncertificated for each REMIC I Pass-Through Regular Interest and Component I of the Class R Certificates Type of Interest Certificate Interest Rate Initial Uncertificated Class Principal Balance Latest Possible Final Maturity Date (1Date* Class Y-1 Regular Variable(1) AA $ 26,416.82 November 2035 Class Y-2 Regular Variable(2) $ 395,429,412.86 September 25, 109,732.94 November 2035 A Class Y-3 Regular Variable(3) $ 58,099.63 November 2035 Class Y-4 Regular Variable(4) $ 101,738.65 November 2035 Class Z-1 Regular Variable(1) $ 52,807,218.16 November 2035 Class Z-2 Regular Variable(2) $ 2,836,590.00 September 25, $219,356,147.01 November 2035 M-1 Variable(2Class Z-3 Regular Variable(3) $116,145,510.46 November 2035 Class Z-4 Regular Variable(4) $203,383,175.74 November 2035 Component I of the Class R† Residual Variable(1) $ 427,710.00 September 250.00 November 2035 * The Distribution Date in the specified month, 2035 M-2 Variable(2) $ 74,650.00 September 25which is the month following the month the latest maturing Mortgage Loan in the related Group matures. For federal income tax purposes, 2035 M-3 Variable(2) $ 121,050.00 September 25for each Class of REMIC I Regular and Residual Interests, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________the "latest possible maturity date" shall be the Final Maturity Date. † Component I of the Class R Certificates is entitled to receive the applicable Residual Distribution Amount and any Excess Liquidation Proceeds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gmacm Mortgage Loan Trust 2005-Ar6)
PRELIMINARY STATEMENT. The Depositor is the owner of Company intends to sell the Trust Fund that is hereby conveyed Certificates (as defined herein), to be issued hereunder in nine classes, which in the Trustee aggregate will evidence the entire beneficial ownership interest in return the Underlying Certificates (as defined herein). As provided herein, the REMIC Administrator shall make an election for the Certificates. On or prior assets constituting REMIC I to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Sellerbe treated for federal income tax purposes as a REMIC. On the Closing Date, the Depositor REMIC I Regular Interests will sell be designated "regular interests" in such REMIC and the Initial Mortgage Loans and certain other property Class R-I Certificates will be designated the sole class of "residual interests" in REMIC I. The REMIC Administrator shall make an election for the REMIC I Regular Interests, which constitute REMIC II, to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fundbe treated for federal income tax purposes as a REMIC. On or prior to any Subsequent Transfer the Closing Date, the Depositor acquired the Subsequent Mortgage Loans, which REMIC II Regular Interests will be sold to the Trust on the related Subsequent Transfer Date. designated "regular interests" in such REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a Class R-II Certificates will be designated the sole class of "residual interests" in REMIC II. The following table sets forth the designation, type, Pass-Through Rate (as defined herein) for federal income tax purposes), and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be the sole class of Residual Interests aggregate initial Certificate Principal Balance (as defined herein) ), initial ratings and certain other features of each Class of Trust Certificates comprising the interests in REMIC I for purposes of the REMIC Provisions Trust Fund (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Aggregate Initial Pass-Through Rate, the initial Uncertificated Certificate Principal Designation Rate Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Features(1) AA Variable(2Fitch/S&P Minimum Denominations(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 _________________________________________________________________________________________________________________________________________________ Class I-A-1 Adjustable $75,000,000.00 Senior/Super AAA/ AAA $1,000.00 Rate(3) Senior/Retail/Floater /Adjustable Rate Class I-A-2 Adjustable $0.00(4) Senior/Interest AAA/ AAA $2,000,000.00 Rate(3) Only/Inverse Floater/Adjustable Rate Class I-A-3 6.00% $12,038,257.00 Component AAA/ AAA $100,000.00 Class I-A-4 6.00% $14,920,000.00 Senior/Super AAA/ AAA $1,000.00 Senior/Retail/Fixed Rate Class II-A-1 Adjustable $14,737,000.00 Senior/Super AAA/ AAA $1,000.00 Rate(3) Senior/Retail/Exchangeable/Floater /Adjustable Rate Class II-A-2 Adjustable $1,635,873.00 Senior/Senior AAA/ AAA $100,000.00 Rate(3) Support/Exchangeable/Floater/ Adjustable Rate Class II-A-3 Adjustable $0.00 Senior/Exchanged/Floater AAA/ AAA $100,000.00 Rate(3) /Adjustable Rate Class R-I 0.00% $100 Senior/Residual/ Fixed Rate AAA/ AAA (5) Class R-II 0.00% $100 Senior/Residual/ Fixed Rate AAA/ AAA (5)
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in twenty-two Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Hedge Agreements) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated CLASS DESIGNATION REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date INITIAL CLASS FINAL FOR EACH REMIC I RELATED CLASS OF TYPE OF INTEREST PRINCIPAL MATURITY REGULAR INTEREST CERTIFICATES INTEREST RATE BALANCE DATE* A-3, A-5, A-6, A-7, A-10, A-11, A-12, M-1, X-0, X-0, X-0, X-0 xxx X-0 xxx Xxxxxxxxx XX xx xxx LT1 Class R Regular 5.75% $96,971,775.00 July 2035 LT2 A-1, A-12, A-8 and A-9 Regular 5.75% $65,850,000.00 Xxxx 0000 LT3 A-2 and A-8 Regular 5.75% $40,000,000.00 July 2035 LT4 A-4 and A-12 Regular 5.75% $14,656,325.00 July 2035 $ LTPO PO Regular 0.00% 1,508,222.00 July 2035 LTIO IO Regular (1) AA Variable(2) $ 395,429,412.86 September 250.00 July 2035 * The Distribution Date in the specified month, 2035 A Variable(2) $ 2,836,590.00 September 25which is the month following the month the latest maturing Mortgage Loan matures. For federal income tax purposes, 2035 M-1 Variable(2) $ 427,710.00 September 25for each Class of REMIC I Regular and Residual Interests, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________the "latest possible maturity date" shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gmacm Mortgage Loan Trust 2005-Af1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in six classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in a trust fund (the "Trust Fund. On or prior to any Subsequent Transfer Date, ") consisting primarily of the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Latest Possible Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1LTA Variable(1) AA Variable(2) $ 395,429,412.86 September $379,948,000 November 25, 2035 A Variable(22032 LTB1 Variable(1) $ 2,836,590.00 September $8,139,000 November 25, 2035 M-1 Variable(22032 LTB2 Variable(1) $ 427,710.00 September $11,531,000 November 25, 2035 M-2 Variable(22032 LTB3 Variable(1) $ 74,650.00 September $14,922,000 November 25, 2035 M-3 Variable(22032 LTB4 Variable(1) $ 121,050.00 September $13,565,000 November 25, 2035 M-4 Variable(22032 LTB5 Variable(1) $ 90,790.00 September $11,530,000 November 25, 2035 M-5 Variable(22032 LTB6 Variable(1) $ 64,560.00 September $10,174,000 November 25, 2035 B-1 Variable(22032 LTB7 Variable(1) $ 88,770.00 September $8,139,000 November 25, 2035 B-2 Variable(22032 LTB8 Variable(1) $ 60,520.00 September $6,783,000 November 25, 2035 B-3 Variable(22032 LTB9 Variable(1) $ 66,580.00 September $5,426,000 November 25, 2035 B-4 Variable(22032 LTB10 Variable(1) $ 199,730.00 September $29,843,000 November 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2032 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE AA Variable(1) AA Variable(2) $ 395,429,412.86 September $509,600,015.05 March 25, 2035 A Variable(22036 A-1 Variable(1) $ 2,836,590.00 September $2,033,820 March 25, 2035 M-1 Variable(22036 A-2 Variable(1) $ 427,710.00 September $1,785,600 March 25, 2035 M-2 Variable(22036 A-3 Variable(1) $ 74,650.00 September $246,980 March 25, 2035 M-3 Variable(22036 M-1 Variable(1) $ 121,050.00 September $195,000 March 25, 2035 M-4 Variable(22036 M-2 Variable(1) $ 90,790.00 September $176,800 March 25, 2035 M-5 Variable(22036 M-3 Variable(1) $ 64,560.00 September $101,400 March 25, 2035 B-1 Variable(22036 M-4 Variable(1) $ 88,770.00 September $93,600 March 25, 2035 B-2 Variable(22036 M-5 Variable(1) $ 60,520.00 September $85,800 March 25, 2035 B-3 Variable(22036 M-6 Variable(1) $ 66,580.00 September $83,200 March 25, 2035 B-4 Variable(22036 M-7 Variable(1) $ 199,730.00 September $78,000 March 25, 2035 ZZ Variable(22036 M-8 Variable(1) $ 4,039,038.02 September $65,000 March 25, 2035 ______________________________________2036 M-9 Variable(1) $52,000 March 25, 2036 M-10 Variable(1) $52,000 March 25, 2036 ZZ Variable(1) $5,350,800.31 March 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Nc3 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in twenty-two classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than exclusive of the Reserve Fund, the Pre-Funding Swap Account and the Interest Coverage AccountSwap Agreement) subject to this Agreement as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassUNCERTIFICATED PRINCIPAL LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE BALANCE MATURITY DATE $ A-I Variable(1) AA Variable(2) $ 395,429,412.86 September 1,231.00 June 25, 2035 $ I-1-A Variable(2Variable(1) $ 2,836,590.00 September 4,670,916.15 June 25, 2035 M-1 Variable(2$ I-1-B Variable(1) $ 427,710.00 September 4,670,916.15 June 25, 2035 M-2 Variable(2$ I-2-A Variable(1) $ 74,650.00 September 6,652,579.07 June 25, 2035 M-3 Variable(2$ I-2-B Variable(1) $ 121,050.00 September 6,652,579.07 June 25, 2035 M-4 Variable(2$ I-3-A Variable(1) $ 90,790.00 September 32,456,673.20 June 25, 2035 M-5 Variable(2$ I-3-B Variable(1) $ 64,560.00 September 32,456,673.20 June 25, 2035 B-1 Variable(2$ I-4-A Variable(1) $ 88,770.00 September 13,467,052.79 June 25, 2035 B-2 Variable(2$ I-4-B Variable(1) $ 60,520.00 September 13,467,052.79 June 25, 2035 B-3 Variable(2$ I-5-A Variable(1) $ 66,580.00 September 11,868,110.93 June 25, 2035 B-4 Variable(2$ I-5-B Variable(1) $ 199,730.00 September 11,868,110.93 June 25, 2035 ZZ Variable(2$ I-6-A Variable(1) 13,719,631.84 June 25, 2035 $ 4,039,038.02 September I-6-B Variable(1) 13,719,631.84 June 25, 2035 $ I-7-A Variable(1) 15,516,881.89 June 25, 2035 $ I-7-B Variable(1) 15,516,881.89 June 25, 2035 $ I-8-A Variable(1) 17,516,988.76 June 25, 2035 $ I-8-B Variable(1) 17,516,988.76 June 25, 2035 $ I-9-A Variable(1) 20,038,669.21 June 25, 2035 $ I-9-B Variable(1) 20,038,669.21 June 25, 2035 $ I-10-A Variable(1) 19,696,755.39 June 25, 2035 $ I-10-B Variable(1) 19,696,755.39 June 25, 2035 $ I-11-A Variable(1) 20,363,624.75 June 25, 2035 $ I-11-B Variable(1) 20,363,624.75 June 25, 2035 $ I-12-A Variable(1) 19,409,981.61 June 25, 2035 $ I-12-B Variable(1) 19,409,981.61 June 25, 2035 $ I-13-A Variable(1) 18,500,678.94 June 25, 2035 $ I-13-B Variable(1) 18,500,678.94 June 25, 2035 $ I-14-A Variable(1) 17,634,647.21 June 25, 2035 $ I-14-B Variable(1) 17,634,647.21 June 25, 2035 $ I-15-A Variable(1) 16,809,806.49 June 25, 2035 $ I-15-B Variable(1) 16,809,806.49 June 25, 2035 $ I-16-A Variable(1) 16,024,177.50 June 25, 2035 $ I-16-B Variable(1) 16,024,177.50 June 25, 2035 $ I-17-A Variable(1) 15,285,027.27 June 25, 2035 $ I-17-B Variable(1) 15,285,027.27 June 25, 2035 $ I-18-A Variable(1) 14,570,818.89 June 25, 2035 $ I-18-B Variable(1) 14,570,818.89 June 25, 2035 $ I-19-A Variable(1) 13,911,768.44 June 25, 2035 $ I-19-B Variable(1) 13,911,768.44 June 25, 2035 $ I-20-A Variable(1) 13,709,537.67 June 25, 2035 $ I-20-B Variable(1) 13,709,537.67 June 25, 2035 $ I-21-A Variable(1) 15,586,905.92 June 25, 2035 $ I-21-B Variable(1) 15,586,905.92 June 25, 2035 $ I-22-A Variable(1) 46,610,692.98 June 25, 2035 $ I-22-B Variable(1) 46,610,692.98 June 25, 2035 $ I-23-A Variable(1) 128,336,583.33 June 25, 2035 $ I-23-B Variable(1) 128,336,583.33 June 25, 2035 $ I-24-A Variable(1) 5,459,446.89 June 25, 2035 $ I-24-B Variable(1) 5,459,446.89 June 25, 2035 $ I-25-A Variable(1) 4,783,546.70 June 25, 2035 $ I-25-B Variable(1) 4,783,546.70 June 25, 2035 $ I-26-A Variable(1) 3,998,025.16 June 25, 2035 $ I-26-B Variable(1) 3,998,025.16 June 25, 2035 $ I-27-A Variable(1) 3,009,740.35 June 25, 2035 $ I-27-B Variable(1) 3,009,740.35 June 25, 2035 $ I-28-A Variable(1) 2,867,797.86 June 25, 2035 $ I-28-B Variable(1) 2,867,797.86 June 25, 2035 $ I-29-A Variable(1) 2,736,524.31 June 25, 2035 $ I-29-B Variable(1) 2,736,524.31 June 25, 2035 $ I-30-A Variable(1) 2,611,921.00 June 25, 2035 $ I-30-B Variable(1) 2,611,921.00 June 25, 2035 $ I-31-A Variable(1) 2,493,622.50 June 25, 2035 $ I-31-B Variable(1) 2,493,622.50 June 25, 2035 $ I-32-A Variable(1) 2,409,807.12 June 25, 2035 $ I-32-B Variable(1) 2,409,807.12 June 25, 2035 $ I-33-A Variable(1) 2,414,927.65 June 25, 2035 $ I-33-B Variable(1) 2,414,927.65 June 25, 2035 $ I-34-A Variable(1) 6,991,604.00 June 25, 2035 $ I-34-B Variable(1) 6,991,604.00 June 25, 2035 $ I-35-A Variable(1) 7,117,789.34 June 25, 2035 $ I-35-B Variable(1) 7,117,789.34 June 25, 2035 $ I-36-A Variable(1) 1,375,898.99 June 25, 2035 $ I-36-B Variable(1) 1,375,898.99 June 25, 2035 $ I-37-A Variable(1) 1,325,842.52 June 25, 2035 $ I-37-B Variable(1) 1,325,842.52 June 25, 2035 $ I-38-A Variable(1) 1,277,812.02 June 25, 2035 $ I-38-B Variable(1) 1,277,812.02 June 25, 2035 $ I-39-A Variable(1) 1,231,715.02 June 25, 2035 $ I-39-B Variable(1) 1,231,715.02 June 25, 2035 $ I-40-A Variable(1) 1,187,463.76 June 25, 2035 $ I-40-B Variable(1) 1,187,463.76 June 25, 2035 $ I-41-A Variable(1) 1,144,974.91 June 25, 2035 $ I-41-B Variable(1) 1,144,974.91 June 25, 2035 $ I-42-A Variable(1) 1,104,169.32 June 25, 2035 $ I-42-B Variable(1) 1,104,169.32 June 25, 2035 $ I-43-A Variable(1) 1,064,971.84 June 25, 2035 $ I-43-B Variable(1) 1,064,971.84 June 25, 2035 $ I-44-A Variable(1) 1,027,311.01 June 25, 2035 $ I-44-B Variable(1) 1,027,311.01 June 25, 2035 $ I-45-A Variable(1) 991,118.97 June 25, 2035 $ I-45-B Variable(1) 991,118.97 June 25, 2035 $ I-46-A Variable(1) 956,331.20 June 25, 2035 $ I-46-B Variable(1) 956,331.20 June 25, 2035 $ I-47-A Variable(1) 922,886.34 June 25, 2035 $ I-47-B Variable(1) 922,886.34 June 25, 2035 $ I-48-A Variable(1) 890,726.06 June 25, 2035 $ I-48-B Variable(1) 890,726.06 June 25, 2035 $ I-49-A Variable(1) 859,794.84 June 25, 2035 $ I-49-B Variable(1) 859,794.84 June 25, 2035 $ I-50-A Variable(1) 830,039.88 June 25, 2035 $ I-50-B Variable(1) 830,039.88 June 25, 2035 $ I-51-A Variable(1) 801,410.92 June 25, 2035 $ I-51-B Variable(1) 801,410.92 June 25, 2035 $ I-52-A Variable(1) 773,860.12 June 25, 2035 $ I-52-B Variable(1) 773,860.12 June 25, 2035 $ I-53-A Variable(1) 747,341.92 June 25, 2035 $ I-53-B Variable(1) 747,341.92 June 25, 2035 $ I-54-A Variable(1) 729,362.81 June 25, 2035 $ I-54-B Variable(1) 729,362.81 June 25, 2035 $ I-55-A Variable(1) 696,777.65 June 25, 2035 $ I-55-B Variable(1) 696,777.65 June 25, 2035 $ I-56-A Variable(1) 691,965.18 June 25, 2035 $ I-56-B Variable(1) 691,965.18 June 25, 2035 $ I-57-A Variable(1) 1,132,588.88 June 25, 2035 $ I-57-B Variable(1) 1,132,588.88 June 25, 2035 $ I-58-A Variable(1) 737,687.37 June 25, 2035 $ I-58-B Variable(1) 737,687.37 June 25, 2035 $ I-59-A Variable(1) 873,039.50 June 25, 2035 $ I-59-B Variable(1) 873,039.50 June 25, 2035 $ I-60-A Variable(1) 17,371,645.93 June 25, 2035 $ I-60-B Variable(1) 17,371,645.93 June 25, 2035 _______________________________________ (1) Calculated in accordance with the definition of "Uncertificated REMIC I Pass-Through Rate" herein. REMIC II As provided herein, the REMIC Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II". The Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Uncertificated REMIC II Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC II Regular Interests (as defined herein). None of the REMIC II Regular Interests will be certificated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2005-Rs6 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell asset-backed certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fourteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust, the Swap Agreement and the X-AMB Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated REMIC I Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2I-1-A Variable(1) $ 395,429,412.86 September 25, 2035 5,463,600.180 August 2036 I-2-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(26,668,589.705 August 2036 I-3-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(27,598,468.195 August 2036 I-4-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(28,168,076.090 August 2036 I-5-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(28,878,589.765 August 2036 I-6-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(29,474,496.970 August 2036 I-7-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(210,172,692.815 August 2036 I-8-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(210,873,961.660 August 2036 I-9-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(211,057,782.650 August 2036 I-10-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(210,777,803.755 August 2036 I-11-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(210,541,803.710 August 2036 I-12-A Variable(1) $ 4,039,038.02 September 25, 2035 10,025,258.855 August 2036 I-13-A Variable(1) 9,538,404.890 August 2036 I-14-A Variable(1) 9,080,343.625 August 2036 I-15-A Variable(1) 8,649,099.460 August 2036 I-16-A Variable(1) 8,242,852.430 August 2036 I-17-A Variable(1) 7,859,923.135 August 2036 I-18-A Variable(1) 7,498,808.380 August 2036 I-19-A Variable(1) 7,158,120.100 August 2036 I-20-A Variable(1) 6,842,087.600 August 2036 I-21-A Variable(1) 6,573,720.445 August 2036 I-22-A Variable(1) 6,345,576.270 August 2036 I-23-A Variable(1) 6,125,738.855 August 2036 I-24-A Variable(1) 5,930,028.360 August 2036 I-25-A Variable(1) 5,739,586.865 August 2036 I-26-A Variable(1) 5,554,133.355 August 2036 I-27-A Variable(1) 5,373,475.880 August 2036 I-28-A Variable(1) 5,197,446.620 August 2036 I-29-A Variable(1) 5,027,702.160 August 2036 I-30-A Variable(1) 4,862,863.885 August 2036 I-31-A Variable(1) 4,710,177.030 August 2036 I-32-A Variable(1) 4,576,279.865 August 2036 I-33-A Variable(1) 4,425,433.615 August 2036 I-34-A Variable(1) 4,260,492.745 August 2036 I-35-A Variable(1) 4,104,647.600 August 2036 I-36-A Variable(1) 3,956,411.340 August 2036 I-37-A Variable(1) 3,815,589.615 August 2036 I-38-A Variable(1) 3,677,048.470 August 2036 I-39-A Variable(1) 3,531,929.815 August 2036 I-40-A Variable(1) 3,382,008.105 August 2036 I-41-A Variable(1) 3,238,701.315 August 2036 I-42-A Variable(1) 3,096,072.160 August 2036 I-43-A Variable(1) 2,960,185.340 August 2036 I-44-A Variable(1) 2,830,722.610 August 2036 I-45-A Variable(1) 2,707,362.375 August 2036 I-46-A Variable(1) 2,589,803.365 August 2036 I-47-A Variable(1) 2,477,759.705 August 2036 I-48-A Variable(1) 2,370,961.390 August 2036 I-49-A Variable(1) 2,269,152.085 August 2036 I-50-A Variable(1) 2,172,090.175 August 2036 I-51-A Variable(1) 2,079,547.870 August 2036 I-52-A Variable(1) 1,991,302.230 August 2036 I-53-A Variable(1) 1,907,136.485 August 2036 I-54-A Variable(1) 1,826,838.670 August 2036 I-55-A Variable(1) 1,750,175.830 August 2036 I-56-A Variable(1) 1,676,894.530 August 2036 I-57-A Variable(1) 1,606,725.440 August 2036 I-58-A Variable(1) 1,539,910.690 August 2036 I-59-A Variable(1) 40,483,333.250 August 2036 I-1-B Variable(1) 5,463,600.180 August 2036 I-2-B Variable(1) 6,668,589.705 August 2036 I-3-B Variable(1) 7,598,468.195 August 2036 I-4-B Variable(1) 8,168,076.090 August 2036 I-5-B Variable(1) 8,878,589.765 August 2036 I-6-B Variable(1) 9,474,496.970 August 2036 I-7-B Variable(1) 10,172,692.815 August 2036 I-8-B Variable(1) 10,873,961.660 August 2036 I-9-B Variable(1) 11,057,782.650 August 2036 I-10-B Variable(1) 10,777,803.755 August 2036 I-11-B Variable(1) 10,541,803.710 August 2036 I-12-B Variable(1) 10,025,258.855 August 2036 I-13-B Variable(1) 9,538,404.890 August 2036 I-14-B Variable(1) 9,080,343.625 August 2036 I-15-B Variable(1) 8,649,099.460 August 2036 I-16-B Variable(1) 8,242,852.430 August 2036 I-17-B Variable(1) 7,859,923.135 August 2036 I-18-B Variable(1) 7,498,808.380 August 2036 I-19-B Variable(1) 7,158,120.100 August 2036 I-20-B Variable(1) 6,842,087.600 August 2036 I-21-B Variable(1) 6,573,720.445 August 2036 I-22-B Variable(1) 6,345,576.270 August 2036 I-23-B Variable(1) 6,125,738.855 August 2036 I-24-B Variable(1) 5,930,028.360 August 2036 I-25-B Variable(1) 5,739,586.865 August 2036 I-26-B Variable(1) 5,554,133.355 August 2036 I-27-B Variable(1) 5,373,475.880 August 2036 I-28-B Variable(1) 5,197,446.620 August 2036 I-29-B Variable(1) 5,027,702.160 August 2036 I-30-B Variable(1) 4,862,863.885 August 2036 I-31-B Variable(1) 4,710,177.030 August 2036 I-32-B Variable(1) 4,576,279.865 August 2036 I-33-B Variable(1) 4,425,433.615 August 2036 I-34-B Variable(1) 4,260,492.745 August 2036 I-35-B Variable(1) 4,104,647.600 August 2036 I-36-B Variable(1) 3,956,411.340 August 2036 I-37-B Variable(1) 3,815,589.615 August 2036 I-38-B Variable(1) 3,677,048.470 August 2036 I-39-B Variable(1) 3,531,929.815 August 2036 I-40-B Variable(1) 3,382,008.105 August 2036 I-41-B Variable(1) 3,238,701.315 August 2036 I-42-B Variable(1) 3,096,072.160 August 2036 I-43-B Variable(1) 2,960,185.340 August 2036 I-44-B Variable(1) 2,830,722.610 August 2036 I-45-B Variable(1) 2,707,362.375 August 2036 I-46-B Variable(1) 2,589,803.365 August 2036 I-47-B Variable(1) 2,477,759.705 August 2036 I-48-B Variable(1) 2,370,961.390 August 2036 I-49-B Variable(1) 2,269,152.085 August 2036 I-50-B Variable(1) 2,172,090.175 August 2036 I-51-B Variable(1) 2,079,547.870 August 2036 I-52-B Variable(1) 1,991,302.230 August 2036 I-53-B Variable(1) 1,907,136.485 August 2036 I-54-B Variable(1) 1,826,838.670 August 2036 I-55-B Variable(1) 1,750,175.830 August 2036 I-56-B Variable(1) 1,676,894.530 August 2036 I-57-B Variable(1) 1,606,725.440 August 2036 I-58-B Variable(1) 1,539,910.690 August 2036 I-59-B Variable(1) 40,483,333.250 August 2036 A-I Variable(1) 7,751,035.520 August 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC II Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC II (the "REMIC II Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G 1(a)(4)(iii)) for each REMIC II Regular Interest shall be the Maturity Date. None of the REMIC II Regular Interests will be certificated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust Series 2006-Amn1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Sponsor intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes (each, a "Class"), which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the trust fund (the "Trust Fund") to be created hereunder. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect to treat the segregated pool of assets consisting of the Mortgage Loans (as defined herein) and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”". The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated remittance rate (the "REMIC I Pass-Through Remittance Rate"), and the initial stated principal amount (the initial "Uncertificated Principal Balance and, Balance") for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). Determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests Interest is the first Distribution Date that is at least two years after the end of the remaining amortization schedule of the Mortgage Loan that has, as of the Closing Date (as defined herein), the longest remaining amortization schedule, irrespective of its scheduled maturity. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Designation Remittance Rate Principal Balance ----------- --------------- ---------------------- A-1 Variable(1) $132,607,079 A-2 Variable(1) $ 24,276,943 A-3 Variable(1) $166,045,134 B Variable(1) $ 27,483,332 C Variable(1) $ 22,902,777 D Variable(1) $ 18,322,221 E Variable(1) $ 11,451,388 F Variable(1) $ 25,193,054 G Variable(1) $ 16,031,943 H Variable(1) $ 13,741,671 ---------- (1) Calculated in accordance with the definition of "REMIC I Remittance Rate". As provided herein, the REMIC Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II". The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the pass-through rate (the "Pass-Through Rate"), and the initial aggregate stated principal amount (the initial "Class Principal Balance") for each of the Classes of Certificates or Components (as defined herein) thereof constituting "regular interests" in REMIC II. Determined solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each Class of Certificates or Component thereof constituting "regular interests" in REMIC II is the first Distribution Date that is at least two years after the end of the remaining amortization schedule of the Mortgage Loan that has, as of the Closing Date, the longest remaining amortization schedule, irrespective of its scheduled maturity. Initial Class Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1----------- ----------------- ----------------- Component X-A1(1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A N/A(3) Component X-A2(1) Variable(2) $ 2,836,590.00 September 25, 2035 M-1 N/A(3) Component X-A3(1) Variable(2) $ 427,710.00 September 25, 2035 M-2 N/A(3) Component X-B(1) Variable(2) $ 74,650.00 September 25, 2035 M-3 N/A(3) Component X-C(1) Variable(2) $ 121,050.00 September 25, 2035 M-4 N/A(3) Component X-D(1) Variable(2) $ 90,790.00 September 25, 2035 M-5 N/A(3) Component X-E(1) Variable(2) $ 64,560.00 September 25, 2035 B-1 N/A(3) Component X-F(1) Variable(2) $ 88,770.00 September 25, 2035 B-2 N/A(3) Component X-G(1) Variable(2) $ 60,520.00 September 25, 2035 B-3 N/A(3) Component X-H(1) Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2N/A(3) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________Class A-1 6.758% per annum $132,607,079 Class A-2 6.909% per annum $24,276,943 Class A-3 7.008% per annum $166,045,134 Class B 7.136% per annum $27,483,332 Class C 7.224% per annum $22,902,777 Class D 7.257% per annum $18,322,221 Class E 7.628% per annum $11,451,388 Class F 5.750% per annum $25,193,054 Class G 5.750% per annum $16,031,943 Class H 5.750% per annum $13,741,671
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Capital Funding Inc)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I ------- As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Master Servicer Prepayment Charge Payment Amount, the Cap Contracts and the Net WAC Rate Carryover Reserve Account) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iiiregulation section 1.860G- 1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date (1Date(1) AA ----------- --------------- ---------------------- ---------------- I-LTAA Variable(2) $349,080,910.33 July 25, 2033 I-LTA1 Variable(2) $ 395,429,412.86 September 1,218,865.00 July 25, 2035 A 2033 I-LTA2 Variable(2) $ 2,836,590.00 September 1,207,890.00 July 25, 2035 M-1 2033 I-LTA3 Variable(2) $ 427,710.00 September 636,605.00 July 25, 2035 M-2 2033 I-LTM1 Variable(2) $ 74,650.00 September 156,730.00 July 25, 2035 M-3 2033 I-LTM2 Variable(2) $ 121,050.00 September 133,580.00 July 25, 2035 M-4 2033 I-LTM3 Variable(2) $ 90,790.00 September 53,430.00 July 25, 2035 M-5 2033 I-LTM4 Variable(2) $ 64,560.00 September 40,960.00 July 25, 2035 B-1 2033 I-LTM5 Variable(2) $ 88,770.00 September 24,935.00 July 25, 2035 B-2 2033 I-LTM6 Variable(2) $ 60,520.00 September 40,965.00 July 25, 2035 B-3 2033 I-LTZZ Variable(2) $ 66,580.00 September 3,610,140.21 July 25, 2035 B-4 2033 I-LT1SUB Variable(2) $ 199,730.00 September 396.84 July 25, 2035 ZZ 2033 I-LT1GRP Variable(2) $ 4,039,038.02 September 2,834.57 July 25, 2035 ______________________________________2033 I-LT2SUB Variable(2) $ 393.26 July 25, 2033 I-LT2GRP Variable(2) $ 2,809.04 July 25, 2033 I-LT3SUB Variable(2) $ 207.28 July 25, 2033 I-LT3GRP Variable(2) $ 1,480.49 July 25, 2033 I-LTXX Variable(2) $356,196,889.06 July 25, 2033 I-LTP Variable(2) $ 100.00 July 25, 2033
Appears in 1 contract
Samples: Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 2003-3)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell home equity loan pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED INITIAL UNCERTIFICATED REMIC I PassREMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date THROUGH RATE PRINCIPAL BALANCE MATURITY DATE ----------- ----------------- ---------------------- --------------- [AA (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 $[_____________] [_], 25, 200[_] A-1 (1) $[_____________] [_], 25, 200[_] A-2 (1) $[_____________] [_], 25, 200[_] A-3 (1) $[_____________] [_], 25, 200[_] M-1 (1) $[_____________] [_], 25, 200[_] M-2 (1) $[_____________] [_], 25, 200[_] M-3 (1) $[_____________] [_], 25, 200[_] M-4 (1) $[_____________] [_], 25, 200[_] M-5 (1) $[_____________] [_], 25, 200[_] M-6 (1) $[_____________] [_], 25, 200[_] M-7 (1) $[_____________] [_], 25, 200[_] M-8 (1) $[_____________] [_], 25, 200[_] M-9 (1) $[_____________] [_], 25, 200[_] M-10 (1) $[_____________] [_], 25, 200[_] ZZ] (1) $[_____________] [_], 25, 200[_]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities Ii Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundMortgage Loans (as defined herein). On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect cause an election to be made to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein) and certain other related assets subject to this Agreement (other than including the Reserve Fund, the Pre-Funding Account and the Interest Coverage AccountMortgage Loans) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as “the "REMIC I”". The Class R-1 Certificates will be the sole class of Residual Uncertificated REMIC I Regular Interests (as defined herein) will be "regular interests" in REMIC I and the Class R-I Certificates will represent ownership of the sole class of "residual interests" in REMIC I, for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, the A segregated pool of assets consisting of Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificateddesignated as "REMIC II", and the Trustee will make a separate REMIC election with respect thereto. Designation Uncertificated The Senior Certificates (as defined herein) will represent ownership of the "regular interests" in REMIC I II, and the Class R-II Certificates will represent ownership of the sole class of "residual interests" in REMIC II. The following table sets forth the designation, Pass-Through Rate Rate, aggregate initial Certificate Principal Balance, and the initial percentage for each Class of Certificates comprising the certificated interests in the Trust Fund created hereunder. Aggregate Initial Uncertificated Certificate Approximate Pass-Through Principal Initial Class DESIGNATION TYPE RATE BALANCE PERCENTAGE ----------- ---- ------------ ---------------- ------------- Class S Senior 0.15% $0 N/A Class A-1 Senior 7.10% $60,250,000.00 61.31% Class A-2 Senior 7.25% $22,750,000.00 23.15% Class A-3 Subordinate 7.25% $15,274,561.00 15.54% Class R-I Residual/ N/A $0 N/A Subordinate Class R-II Residual N/A $0 N/A Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date in the Mortgage Pool has been designated as the "latest possible maturity date" for the Certificates. As of the Cut-off Date, the Mortgage Loans have an aggregate Stated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25equal to $98,274,561. In consideration of the mutual agreements herein contained, 2035 A Variable(2) $ 2,836,590.00 September 25the Depositor, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________the Master Servicer and the Trustee agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (DLJ Mortgage Acceptance Corp Mort Pass THR Cert Ser 1995 5)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated REMIC I Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 __________________________________________________________________________________________________________________ LT-1 Variable(1) $ 519,913,500.29 August 25, 2036 LT-2 Variable(1) $ 17,394.27 August 25, 2036 LT-3 0.00% $ 34,605.74 August 25, 2036 LT-4 Variable(1) $ 34,605.74 August 25, 2036 _______________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC II. Component II of the Class R Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, month of Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC II Regular Interests shall be the Maturity Date. Aggregate Initial Month of Certificate Principal Final Scheduled Designation Type Pass-Through Rate Balance Features Distribution Date _________________________________________________________________________________________________________________________ S&P Xxxxx'x ___________________ Class A-1 Regular(1) Adjustable(2)(3) $ 201,532,000.00 Senior/Adjustable Rate May 2030 AAA Aaa Class A-2 Regular(1) Adjustable(2)(3) $ 78,639,000.00 Senior/Adjustable Rate February 2035 AAA Aaa Class A-3 Regular(1) Adjustable(2)(3) $ 81,129,000.00 Senior/Adjustable Rate June 2036 AAA Aaa Class A-4 Regular(1) Adjustable(2)(3) $ 30,000,000.00 Senior/Adjustable Rate August 2036 AAA Aaa Class M-1 Regular(1) Adjustable(2)(3) $ 23,140,000.00 Mezzanine/Adjustable Rate August 2036 AA+ Aa1 Class M-2 Regular(1) Adjustable(2)(3) $ 22,620,000.00 Mezzanine/Adjustable Rate August 2036 AA Aa2 Class M-3 Regular(1) Adjustable(2)(3) $ 11,180,000.00 Mezzanine/Adjustable Rate August 2036 AA- Aa3 Class M-4 Regular(1) Adjustable(2)(3) $ 10,400,000.00 Mezzanine/Adjustable Rate August 2036 A+ A1 Class M-5 Regular(1) Adjustable(2)(3) $ 9,620,000.00 Mezzanine/Adjustable Rate August 2036 A A2 Class M-6 Regular(1) Adjustable(2)(3) $ 6,500,000.00 Mezzanine/Adjustable Rate August 2036 A- A3 Class M-7 Regular(1) Adjustable(2)(3) $ 7,280,000.00 Mezzanine/Adjustable Rate August 2036 BBB+ Baa1 Class M-8 Regular(1) Adjustable(2)(3) $ 5,720,000.00 Mezzanine/Adjustable Rate August 2036 BBB Baa2 Class M-9 Regular(1) Adjustable(2)(3) $ 7,540,000.00 Mezzanine/Adjustable Rate August 2036 BBB- Baa2 Class SB Regular (4) (4) $ 24,700,106.05 Xxxxxxxxxxx X/X X/X X/X _______________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2006-Emx7 Trust)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprising of the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold the Pre-Funding Account and the Interest Coverage Account (each as defined herein) and certain other related assets subject to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) and will have an initial Certificate Principal Balance of $100 and a fixed Pass-Through Rate of 6.75% per annum. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G- 1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated Initial REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Balance Maturity Date (1Date(1) AA ----------- --------------- ------- ---------------- I-LT1 Variable(2) $464,519,808.00 August 25, 2028 I-LT2 Variable(2) $ 395,429,412.86 September 1,490,800.00 August 25, 2035 A 0000 X-XX0 Variable(2) $ 2,836,590.00 September 700,940.00 August 25, 2035 M-1 0000 X-XX0 Variable(2) $ 427,710.00 September 649,900.00 August 25, 2035 M-2 0000 X-XX0 Variable(2) $ 74,650.00 September 390,250.00 August 25, 2035 M-3 0000 X-XX0 Variable(2) $ 121,050.00 September 323,110.00 August 25, 2035 M-4 0000 X-XX0 Variable(2) $ 90,790.00 September 474,000.00 August 25, 2035 M-5 0000 X-XX0 Variable(2) $ 64,560.00 September 236,990.00 August 25, 2035 B-1 0000 X-XX0 Variable(2) $ 88,770.00 September 165,900.00 August 25, 2035 B-2 2028 I-LT10 Variable(2) $ 60,520.00 September 237,000.00 August 25, 2035 B-3 2028 I-LT11 Variable(2) $ 66,580.00 September 4,811,102.00 Xxxxxx 00, 0000 X-XXX (3) $ 100.00 August 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2028 -----------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Mort Pa THR Cert Ser 1998-Wfc1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eight classes (each, a "Class"), which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundFund (as defined herein), consisting primarily of the Mortgage Loans (as defined herein). On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC I (as defined herein) and subject to this Agreement as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as “"REMIC I”. I." The Uncertificated REMIC I Regular Interests (as defined herein) will be "regular interests" in REMIC I and the Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under the federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date (1Date(1) AA ----------- --------------- ---------------------- ---------------- LT-AYI Variable(2) $ 395,429,412.86 227,075,400.00 September 25, 2035 A 2027 LT-AZI Variable(2) $ 2,836,590.00 25,230,600.00 September 25, 2035 M-1 2027 LT-AYII Variable(2) $ 427,710.00 79,408,800.00 September 25, 2035 M-2 2027 LT-AZII Variable(2) $ 74,650.00 8,823,200.00 September 25, 2035 M-3 2027 LT-FY Variable(2) $ 121,050.00 98,515,800.00 September 25, 2035 M-4 2027 LT-FZ Variable(2) $ 90,790.00 10,946,200.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2027 ------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Southern Pacific Secured Assets Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eighteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated Initial Uncertificated REMIC I REMIC I Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1LT1 Variable(1) AA Variable(2) $ 395,429,412.86 September $204,963,186.45 January 25, 2035 A Variable(2LT2 Variable(1) $ 2,836,590.00 September 4,183.45 January 25, 2035 M-1 Variable(2LT3 Variable(1) $ 427,710.00 September 16,316.55 January 25, 2035 M-2 Variable(2LT4 Variable(1) $ 74,650.00 September 16,316.55 January 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2035
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eighteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE I-1-A Variable(1) $ 395,429,412.86 September 25, 2035 5,328,999.97 April 2036 I-2-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(27,272,958.85 April 2036 I-3-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(29,225,640.45 April 2036 I-4-A Variable(1) $11,171,531.345 April 2036 I-5-A Variable(1) $13,086,909.615 April 2036 I-6-A Variable(1) $14,942,027.17 April 2036 I-7-A Variable(1) $16,722,224.045 April 2036 I-8-A Variable(1) $18,362,427.385 April 2036 I-9-A Variable(1) $19,484,018.435 April 2036 I-10-A Variable(1) $20,148,326.86 April 2036 I-11-A Variable(1) $20,362,987.82 April 2036 I-12-A Variable(1) $19,493,769.84 April 2036 I-13-A Variable(1) $18,577,256.375 April 2036 I-14-A Variable(1) $17,703,184.385 April 2036 I-15-A Variable(1) $16,903,623.08 April 2036 I-16-A Variable(1) $16,207,765.265 April 2036 I-17-A Variable(1) $15,495,054.155 April 2036 I-18-A Variable(1) $14,936,769.395 April 2036 I-19-A Variable(1) $14,792,764.685 April 2036 I-20-A Variable(1) $16,201,590.77 April 2036 I-21-A Variable(1) $17,504,363.835 April 2036 I-22-A Variable(1) $22,743,014.94 April 2036 I-23-A Variable(1) $20,896,101.725 April 2036 I-24-A Variable(1) $18,470,324.545 April 2036 I-25-A Variable(1) $15,603,781.395 April 2036 I-26-A Variable(1) $13,003,063.23 April 2036 I-27-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(28,835,486.37 April 2036 I-28-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(28,059,179.12 April 2036 I-29-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(27,611,513.835 April 2036 I-30-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(25,865,245.605 April 2036 I-31-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(26,102,103.46 April 2036 I-32-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(25,765,677.61 April 2036 I-33-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(25,448,383.495 April 2036 I-34-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(25,149,153.21 April 2036 I-35-A Variable(1) $ 4,039,038.02 September 25, 2035 4,866,414.355 April 2036 I-36-A Variable(1) $ 4,600,172.885 April 2036 I-37-A Variable(1) $ 4,349,252.905 April 2036 I-38-A Variable(1) $ 4,112,513.00 April 2036 I-39-A Variable(1) $ 3,889,143.465 April 2036 I-40-A Variable(1) $ 3,678,382.375 April 2036 I-41-A Variable(1) $ 3,479,484.72 April 2036 I-42-A Variable(1) $ 3,291,773.635 April 2036 I-43-A Variable(1) $ 3,114,602.58 April 2036 I-44-A Variable(1) $ 2,983,028.63 April 2036 I-45-A Variable(1) $55,070,509.18 April 2036 I-1-B Variable(1) $ 5,328,999.97 April 2036 I-2-B Variable(1) $ 7,272,958.85 April 2036 I-3-B Variable(1) $ 9,225,640.45 April 2036 I-4-B Variable(1) $11,171,531.345 April 2036 I-5-B Variable(1) $13,086,909.615 April 2036 I-6-B Variable(1) $14,942,027.17 April 2036 I-7-B Variable(1) $16,722,224.045 April 2036 I-8-B Variable(1) $18,362,427.385 April 2036 I-9-B Variable(1) $19,484,018.435 April 2036 I-10-B Variable(1) $20,148,326.86 April 2036 I-11-B Variable(1) $20,362,987.82 April 2036 I-12-B Variable(1) $19,493,769.84 April 2036 I-13-B Variable(1) $18,577,256.375 April 2036 I-14-B Variable(1) $17,703,184.385 April 2036 I-15-B Variable(1) $16,903,623.08 April 2036 I-16-B Variable(1) $16,207,765.265 April 2036 I-17-B Variable(1) $15,495,054.155 April 2036 I-18-B Variable(1) $14,936,769.395 April 2036 I-19-B Variable(1) $14,792,764.685 April 2036 I-20-B Variable(1) $16,201,590.77 April 2036 I-21-B Variable(1) $17,504,363.835 April 2036 I-22-B Variable(1) $22,743,014.94 April 2036 I-23-B Variable(1) $20,896,101.725 April 2036 I-24-B Variable(1) $18,470,324.545 April 2036 I-25-B Variable(1) $15,603,781.395 April 2036 I-26-B Variable(1) $13,003,063.23 April 2036 I-27-B Variable(1) $ 8,835,486.37 April 2036 I-28-B Variable(1) $ 8,059,179.12 April 2036 I-29-B Variable(1) $ 7,611,513.835 April 2036 I-30-B Variable(1) $ 5,865,245.605 April 2036 I-31-B Variable(1) $ 6,102,103.46 April 2036 I-32-B Variable(1) $ 5,765,677.61 April 2036 I-33-B Variable(1) $ 5,448,383.495 April 2036 I-34-B Variable(1) $ 5,149,153.21 April 2036 I-35-B Variable(1) $ 4,866,414.355 April 2036 I-36-B Variable(1) $ 4,600,172.885 April 2036 I-37-B Variable(1) $ 4,349,252.905 April 2036 I-38-B Variable(1) $ 4,112,513.00 April 2036 I-39-B Variable(1) $ 3,889,143.465 April 2036 I-40-B Variable(1) $ 3,678,382.375 April 2036 I-41-B Variable(1) $ 3,479,484.72 April 2036 I-42-B Variable(1) $ 3,291,773.635 April 2036 I-43-B Variable(1) $ 3,114,602.58 April 2036 I-44-B Variable(1) $ 2,983,028.63 April 2036 I-45-B Variable(1) $55,070,509.18 April 2036 I Variable(1) $ 84,895.83 April 2036 II Variable(1) $ 30,104.17 April 2036 A-I Variable(1) $28,060,001.77 April 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2006-Ks3 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the SellerSponsor. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, any Prepayment Charge Waiver Amounts and, for the Pre-Funding avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Swap Account and any rights or obligations in respect of the Interest Coverage AccountSwap Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 I-1-A Variable(2) $ 2,836,590.00 September 9,149,213.37 April 25, 2035 M-1 2036 I-1-B Variable(2) $ 427,710.00 September 9,149,213.37 April 25, 2035 M-2 2036 I-2-A Variable(2) $ 74,650.00 September 8,824,267.53 April 25, 2035 M-3 2036 I-2-B Variable(2) $ 121,050.00 September 8,824,267.53 April 25, 2035 M-4 2036 I-3-A Variable(2) $ 90,790.00 September 8,510,841.57 April 25, 2035 M-5 2036 I-3-B Variable(2) $ 64,560.00 September 8,510,841.57 April 25, 2035 B-1 2036 I-4-A Variable(2) $ 88,770.00 September 8,208,527.64 April 25, 2035 B-2 2036 I-4-B Variable(2) $ 60,520.00 September 8,208,527.64 April 25, 2035 B-3 2036 I-5-A Variable(2) $ 66,580.00 September 7,916,932.32 April 25, 2035 B-4 2036 I-5-B Variable(2) $ 199,730.00 September 7,916,932.32 April 25, 2035 ZZ 2036 I-6-A Variable(2) $ 4,039,038.02 September 7,635,676.10 April 25, 2035 2036 I-6-B Variable(2) $ 7,635,676.10 April 25, 2036 I-7-A Variable(2) $ 7,364,392.90 April 25, 2036 I-7-B Variable(2) $ 7,364,392.90 April 25, 2036 I-8-A Variable(2) $ 7,102,729.57 April 25, 2036 I-8-B Variable(2) $ 7,102,729.57 April 25, 2036 I-9-A Variable(2) $ 6,850,345.48 April 25, 2036 I-9-B Variable(2) $ 6,850,345.48 April 25, 2036 I-10-A Variable(2) $ 6,606,912.04 April 25, 2036 I-10-B Variable(2) $ 6,606,912.04 April 25, 2036 I-11-A Variable(2) $ 6,372,112.26 April 25, 2036 I-11-B Variable(2) $ 6,372,112.26 April 25, 2036 I-12-A Variable(2) $ 6,145,640.39 April 25, 2036 I-12-B Variable(2) $ 6,145,640.39 April 25, 2036 I-13-A Variable(2) $ 5,927,201.49 April 25, 2036 I-13-B Variable(2) $ 5,927,201.49 April 25, 2036 I-14-A Variable(2) $ 5,716,511.06 April 25, 2036 I-14-B Variable(2) $ 5,716,511.06 April 25, 2036 I-15-A Variable(2) $ 5,513,294.64 April 25, 2036 I-15-B Variable(2) $ 5,513,294.64 April 25, 2036 I-16-A Variable(2) $ 5,317,287.52 April 25, 2036 I-16-B Variable(2) $ 5,317,287.52 April 25, 2036 I-17-A Variable(2) $ 5,128,234.31 April 25, 2036 I-17-B Variable(2) $ 5,128,234.31 April 25, 2036 I-18-A Variable(2) $ 4,945,888.70 April 25, 2036 I-18-B Variable(2) $ 4,945,888.70 April 25, 2036 I-19-A Variable(2) $ 4,770,013.06 April 25, 2036 I-19-B Variable(2) $ 4,770,013.06 April 25, 2036 I-20-A Variable(2) $ 4,600,378.19 April 25, 2036 I-20-B Variable(2) $ 4,600,378.19 April 25, 2036 I-21-A Variable(2) $ 4,436,763.00 April 25, 2036 I-21-B Variable(2) $ 4,436,763.00 April 25, 2036 I-22-A Variable(2) $ 4,278,954.20 April 25, 2036 I-22-B Variable(2) $ 4,278,954.20 April 25, 2036 I-23-A Variable(2) $ 4,126,746.08 April 25, 2036 I-23-B Variable(2) $ 4,126,746.08 April 25, 2036 I-24-A Variable(2) $ 3,979,940.19 April 25, 2036 I-24-B Variable(2) $ 3,979,940.19 April 25, 2036 I-25-A Variable(2) $ 3,838,345.10 April 25, 2036 I-25-B Variable(2) $ 3,838,345.10 April 25, 2036 I-26-A Variable(2) $ 3,701,776.17 April 25, 2036 I-26-B Variable(2) $ 3,701,776.17 April 25, 2036 I-27-A Variable(2) $ 3,570,055.28 April 25, 2036 I-27-B Variable(2) $ 3,570,055.28 April 25, 2036 I-28-A Variable(2) $ 3,443,010.63 April 25, 2036 I-28-B Variable(2) $ 3,443,010.63 April 25, 2036 I-29-A Variable(2) $ 3,320,476.49 April 25, 2036 I-29-B Variable(2) $ 3,320,476.49 April 25, 2036 I-30-A Variable(2) $ 3,202,292.99 April 25, 2036 I-30-B Variable(2) $ 3,202,292.99 April 25, 2036 I-31-B Variable(2) $ 3,088,305.94 April 25, 2036 I-32-A Variable(2) $ 2,978,366.58 April 25, 2036 I-32-B Variable(2) $ 2,978,366.58 April 25, 2036 I-33-A Variable(2) $ 2,872,331.44 April 25, 2036 I-33-B Variable(2) $ 2,872,331.44 April 25, 2036 I-34-A Variable(2) $ 2,770,062.11 April 25, 2036 I-34-B Variable(2) $ 2,770,062.11 April 25, 2036 I-35-A Variable(2) $ 2,671,425.11 April 25, 2036 I-35-B Variable(2) $ 2,671,425.11 April 25, 2036 I-36-A Variable(2) $ 2,576,291.65 April 25, 2036 I-36-B Variable(2) $ 2,576,291.65 April 25, 2036 I-37-A Variable(2) $ 2,484,537.51 April 25, 2036 I-37-B Variable(2) $ 2,484,537.51 April 25, 2036 I-38-A Variable(2) $ 2,396,042.89 April 25, 2036 I-38-B Variable(2) $ 2,396,042.89 April 25, 2036 I-39-A Variable(2) $ 2,310,692.20 April 25, 2036 I-39-B Variable(2) $ 2,310,692.20 April 25, 2036 I-40-A Variable(2) $ 2,228,373.96 April 25, 2036 I-40-B Variable(2) $ 2,228,373.96 April 25, 2036 I-41-A Variable(2) $ 2,148,980.64 April 25, 2036 I-41-B Variable(2) $ 2,148,980.64 April 25, 2036 I-42-A Variable(2) $ 2,072,408.52 April 25, 2036 I-42-B Variable(2) $ 2,072,408.52 April 25, 2036 I-43-A Variable(2) $ 1,998,557.53 April 25, 2036 I-43-B Variable(2) $ 1,998,557.53 April 25, 2036 I-44-A Variable(2) $ 1,927,331.16 April 25, 2036 I-44-B Variable(2) $ 1,927,331.16 April 25, 2036 I-45-A Variable(2) $ 51,944,698.32 April 25, 2036 I-45-B Variable(2) $ 51,944,698.32 April 25, 2036 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (SACO I Trust 2006-4)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I Pass--------------------- INITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE AA Variable(1) AA Variable(2) $ 395,429,412.86 September $784,000,161.70 March 25, 2035 A Variable(22036 A-1 Variable(1) $ 2,836,590.00 September $3,000,120.00 March 25, 2035 M-1 Variable(22036 A-2 Variable(1) $ 427,710.00 September $2,820,700.00 March 25, 2035 M-2 Variable(22036 A-3A Variable(1) $ 74,650.00 September $1,000,070.00 March 25, 2035 M-3 Variable(22036 A-3B Variable(1) $ 121,050.00 September $111,120.00 March 25, 2035 M-4 Variable(22036 M-1 Variable(1) $ 90,790.00 September $184,000.00 March 25, 2035 M-5 Variable(22036 M-2 Variable(1) $ 64,560.00 September $168,000.00 March 25, 2035 B-1 Variable(22036 M-3 Variable(1) $ 88,770.00 September $120,000.00 March 25, 2035 B-2 Variable(22036 M-4 Variable(1) $ 60,520.00 September $88,000.00 March 25, 2035 B-3 Variable(22036 M-5 Variable(1) $ 66,580.00 September $80,000.00 March 25, 2035 B-4 Variable(22036 M-6 Variable(1) $ 199,730.00 September $64,000.00 March 25, 2035 ZZ Variable(22036 M-7 Variable(1) $ 4,039,038.02 September $56,000.00 March 25, 2035 ______________________________________2036 M-8 Variable(1) $64,000.00 March 25, 2036 M-9 Variable(1) $100,000.00 March 25, 2036 ZZ Variable(1) $8,143,993.30 March 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rs2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to The Trust Fund for federal income tax purposes will consist of two REMICs. The Subsidiary REMIC will consist of all of the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to assets constituting the Trust Fund and receive in consideration therefor Certificates evidencing will be evidenced by the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, Subsidiary REMIC Regular Interests (which will be sold to uncertificated and will represent the Trust on "regular interests" in the related Subsequent Transfer DateSubsidiary REMIC) and the SR Interest as the single "residual interest" in the Subsidiary REMIC. The Trustee will hold the Subsidiary REMIC I As provided herein, the Securities Administrator, on behalf Regular Interests. The Master REMIC will consist of the Trustee Subsidiary REMIC Regular Interests and will elect to treat be evidenced by the segregated pool of assets consisting Regular Certificates (which will represent the "regular interests" in the Master REMIC) and the MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account SR Interest and the Interest Coverage Account) as a REMIC (as defined herein) MR Interest. The "latest possible maturity date" for federal income tax purposes, and such segregated pool purposes of assets will be designated as “REMIC I”. The Class R-1 Certificates all interests created hereby will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein)Latest Possible Maturity Date. The following table irrevocably sets forth characteristics of the designationCertificates, together with the Uncertificated REMIC I minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ------------------------- ------------------------ --------------------- --------------------- ===================== Integral Class Multiples Certificate Pass-Through Rate, the initial Uncertificated Principal Minimum in Excess Balance and, for purposes Rate Denomination of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I PassMinimum ------------------------- ------------------------ --------------------- --------------------- ===================== Class I-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date A-1 $121,115,676.00 6.50% $25,000 $1,000 Class I-A-2 $5,378,000.00 6.50% $ 1,000 $1,000 Class I-A-3 $34,865,000.00 6.50% $25,000 $1,000 Class I-A-4 $119,861,249.00 6.50% $25,000 $1,000 Class I-A-5 $3,538,000.00 6.50% $25,000 $1,000 Class I-A-6 $33,251,000.00 6.75% $25,000 $1,000 Class I-A-7 $1,451,000.00 6.75% $ 1,000 $1,000 Class I-A-8 $1,006,000.00 6.75% $ 1,000 $1,000 Class I-A-9 $1,373,385.00 (1) AA Variable(2$25,000 $1,000 Class I-A-10 $15,425,000.00 6.50% $25,000 $1,000 Class II-A-1 $393,339,877.00 7.00% $25,000 $1,000 Class II-A-2 $20,702,099.00 (1) $ 395,429,412.86 September 25, 2035 $25,000 $1,000 Class PO-1 $38,700.00 (1) $25,000 $1,000 Class PO-2 $275,306.00 (1) $25,000 $1,000 Class X-1a (2) (3) $25,000(4) $1,000(4) Class X-1b (2) (3 $25,000(4) $1,000(4) Class X-2 (2) (5) $25,000(4) $1,000(4) Class A-R(6 $100.00 6.50% $100 N/A Variable(2Class X-3 (2) $ 2,836,590.00 September 25, 2035 M-1 Variable(20.15% $25,000(5) $ 427,710.00 September 25, 2035 M-2 Variable(2$1,000(6) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 Class B-1 Variable(2) $ 88,770.00 September 25, 2035 $29,819,700.00 6.50% $25,000 $1,000 Class B-2 Variable(2) $ 60,520.00 September 25, 2035 $14,297,100.00 6.50% $25,000 $1,000 Class B-3 Variable(2) $ 66,580.00 September 25, 2035 $8,169,800.00 6.50% $25,000 $1,000 Class B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________$5,718,800.00 6.50% $100,000 $1,000 Class B-5 $2,451,000.00 6.50% $100,000 $1,000 Class B-6 $4,901,897.54 6.50% $100,000 $1,000 -------------------
Appears in 1 contract
Samples: CWMBS (CWMBS Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Hedge Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 [R-I] Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated REMIC I Principal Balance Latest Possible Maturity Date [LT1] [___](1) AA Variable(2$[________] [___] 20[_] [LT2] [___](1) $ 395,429,412.86 September 25, 2035 A Variable(2$[________] [___] 20[_] [LT4] [___](1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 $[________] [___] 20[_]_______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in multiple classes, which Certificates in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundFund created hereunder. On or prior to any Subsequent Transfer DateThe Certificates will consist of five classes of certificates, designated as (i) the Depositor acquired Class A Certificates , (ii) the Subsequent Mortgage LoansClass M Certificates, which will be sold to (iii) the Trust on Class B Certificates, (iv) the related Subsequent Transfer DateClass C Certificates and (v) the Class R Certificates. REMIC I 1 As provided herein, the Securities Administrator, on behalf of the Trustee will elect shall make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than exclusive of the Excess Reserve Fund, the Pre-Funding Fund Account and the Interest Coverage AccountCorridor Agreement) as a REMIC real estate mortgage investment conduit (as defined hereina “REMIC”) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. 1.” The Class R-1 Certificates will be Interest represents the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I 1 for purposes of the REMIC Provisions (as defined herein)Provisions. The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 Pass-Through Rate, the initial Uncertificated Principal Balance andBalance, and for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests (as defined herein)Interests. None of the REMIC I 1 Regular Interests will be certificated. Designation Uncertificated REMIC I 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA LT1AA Variable(2) $ 395,429,412.86 September 245,757,540.00 January 25, 2035 A 2011 LT1A Variable(2) $ 2,836,590.00 September 2,435,000.00 January 25, 2035 M-1 2011 LT1M Variable(2) $ 427,710.00 September 33,860.00 January 25, 2035 M-2 2011 LT1B Variable(2) $ 74,650.00 September 38,870.00 January 25, 2035 M-3 2011 LT1ZZ Variable(2) $ 121,050.00 September 2,507,730.00 January 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2011 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Indymac Residential Mortgage-Backed Trust, Series 2005-L3)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which, in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Dateaggregate, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in of the Trust FundFund created hereunder. On or prior The Trust Fund will consist of a segregated pool of assets comprised of the Mortgage Loans (as defined below) and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee Administrator will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than but exclusive of the Basis Risk Shortfall Reserve FundAccount, the Pre-Funding Servicer Prepayment Charge Payment Amounts, the Swap Agreement, the Interest Rate Cap Agreement, the Swap Account and the Supplemental Interest Coverage AccountTrust) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I.” The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G-l(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2I Variable (2) $ 395,429,412.86 2.00 September 25, 2035 2036 I-1-A Variable(2Variable (2) $ 2,836,590.00 2,900,408.98 September 25, 2035 M-1 Variable(22036 I-1-B Variable (2) $ 427,710.00 2,900,408.98 September 25, 2035 M-2 Variable(22036 I-2-B Variable (2) $ 74,650.00 3,717,916.34 September 25, 2035 M-3 Variable(22036 I-3-A Variable (2) $ 121,050.00 4,714,364.66 September 25, 2035 M-4 Variable(22036 I-3-B Variable (2) $ 90,790.00 4,714,364.66 September 25, 2035 M-5 Variable(22036 -1- Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) I-4-B Variable (2) $ 64,560.00 5,146,152.00 September 25, 2035 B-1 Variable(22036 I-5-B Variable (2) $ 88,770.00 5,577,939.35 September 25, 2035 B-2 Variable(22036 I-6-B Variable (2) $ 60,520.00 6,009,726.69 September 25, 2035 B-3 Variable(22036 I-8-B Variable (2) $ 66,580.00 7,592,017.04 September 25, 2035 B-4 Variable(22036 I-9-B Variable (2) $ 199,730.00 8,066,491.12 September 25, 2035 ZZ Variable(22036 I-10-B Variable (2) $ 4,039,038.02 8,124,764.30 September 25, 2035 ______________________________________2036 I-11-A Variable (2) $ 7,958,416.92 September 25, 2036 I-11-B Variable (2) $ 7,958,416.92 September 25, 2036 I-12-A Variable (2) $ 7,845,911.79 September 25, 2036 I-12-B Variable (2) $ 7,845,911.79 September 25, 2036 I-13-A Variable (2) $ 7,608,325.52 September 25, 2036 I-13-B Variable (2) $ 7,608,325.52 September 25, 2036 I-14-A Variable (2) $ 7,168,381.33 September 25, 2036 I-14-B Variable (2) $ 7,168,381.33 September 25, 2036 I-15-A Variable (2) $ 7,585,566.19 September 25, 2036 I-15-B Variable (2) $ 7,585,566.19 September 25, 2036 I-16-B Variable (2) $ 7,821,280.94 September 25, 2036 I-17-B Variable (2) $ 10,861,629.23 September 25, 2036 I-18-B Variable (2) $ 10,258,285.93 September 25, 2036 I-19-B Variable (2) $ 9,633,515.37 September 25, 2036 I-20-A Variable (2) $ 9,048,348.07 September 25, 2036 I-20-B Variable (2) $ 9,048,348.07 September 25, 2036 I-21-A Variable (2) $ 8,502,673.56 September 25, 2036 I-21-B Variable (2) $ 8,502,673.56 September 25, 2036 I-23-B Variable (2) $ 32,741,486.17 September 25, 2036 I-24-B Variable (2) $ 5,636,884.81 September 25, 2036 Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) I-26-A Variable (2) $ 4,983,018.59 September 25, 2036 I-26-B Variable (2) $ 4,983,018.59 September 25, 2036 I-27-A Variable (2) $ 4,699,106.15 September 25, 2036 I-27-B Variable (2) $ 4,699,106.15 September 25, 2036 I-28-A Variable (2) $ 2,787,328.52 September 25, 2036 I-28-B Variable (2) $ 2,787,328.52 September 25, 2036 I-29-A Variable (2) $ 2,660,663.45 September 25, 2036 I-29-B Variable (2) $ 2,660,663.45 September 25, 2036 I-30-B Variable (2) $ 2,567,633.16 September 25, 2036 I-31-B Variable (2) $ 2,478,425.56 September 25, 2036 I-32-B Variable (2) $ 2,392,386.28 September 25, 2036 I-33-A Variable (2) $ 2,309,388.69 September 25, 2036 I-33-B Variable (2) $ 2,309,388.69 September 25, 2036 I-34-B Variable (2) $ 2,229,216.09 September 25, 2036 I-35-A Variable (2) $ 2,151,881.42 September 25, 2036 I-35-B Variable (2) $ 2,151,881.42 September 25, 2036 I-36-A Variable (2) $ 2,077,412.08 September 25, 2036 I-36-B Variable (2) $ 2,077,412.08 September 25, 2036 I-38-B Variable (2) $ 1,926,827.03 September 25, 2036 I-39-A Variable (2) $ 1,855,395.85 September 25, 2036 I-39-B Variable (2) $ 1,855,395.85 September 25, 2036 I-40-A Variable (2) $ 1,791,894.57 September 25, 2036 I-40-B Variable (2) $ 1,791,894.57 September 25, 2036 I-41-A Variable (2) $ 1,731,012.12 September 25, 2036 I-41-B Variable (2) $ 1,731,012.12 September 25, 2036 I-42-A Variable (2) $ 1,672,207.42 September 25, 2036 I-42-B Variable (2) $ 1,672,207.42 September 25, 2036 I-43-A Variable (2) $ 1,615,408.69 September 25, 2036 I-43-B Variable (2) $ 1,615,408,69 September 25, 2036 I-44-A Variable (2) $ 1,560,547.19 September 25, 2036 I-44-B Variable (2) $ 1,560,547.19 September 25, 2036 I-45-A Variable (2) $ 1,507,556.56 September 25, 2036 I-45-B Variable (2) $ 1,507,556.56 September 25, 2036 I-46-B Variable (2) $ 1,456,372.73 September 25, 2036 I-47-A Variable (2) $ 1,406,933.81 September 25, 2036 I-47-B Variable (2) $ 1,406,933.81 September 25, 2036 I-48-A Variable (2) $ 1,359,180.08 September 25, 2036 I-48-B Variable (2) $ 1,359,180.08 September 25, 2036 Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) I-49-A Variable (2) $ 1,313,053.84 September 25, 2036 I-49-B Variable (2) $ 1,313,053.84 September 25, 2036 I-50-A Variable (2) $ 1,268,499.36 September 25, 2036 I-50-B Variable (2) $ 1,268,499.36 September 25, 2036 I-51-B Variable (2) $ 1,225,462.87 September 25, 2036 I-52-A Variable (2) $ 1,183,892.43 September 25, 2036 I-52-B Variable (2) $ 1,183,892.43 September 25, 2036 I-53-B Variable (2) $ 1,143,737.86 September 25, 2036 I-54-A Variable (2) $ 1,104,950.75 September 25, 2036 I-54-B Variable (2) $ 1,104,950.75 September 25, 2036 I-55-A Variable (2) $ 1,067,484.30 September 25, 2036 I-55-B Variable (2) $ 1,067,484.30 September 25, 2036 I-56-A Variable (2) $ 1,031,293.37 September 25, 2036 I-56-B Variable (2) $ 1,031,293.37 September 25, 2036 I-57-A Variable (2) $ 996,322.49 September 25, 2036 I-57-B Variable (2) $ 996,322.49 September 25, 2036 I-58-A Variable (2) $ 964,607.25 September 25, 2036 I-58-B Variable (2) $ 964,607.25 September 25, 2036 I-59-A Variable (2) $ 19,237,142.96 September 25, 2036 I-59-B Variable (2) $ 19,237,142.96 September 25, 2036 Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) II Variable (2) $ 2.00 September 25, 2036 II-1-A Variable (2) $ 2,186,412.74 September 25, 2036 II-1-B Variable (2) $ 2,186,412.74 September 25, 2036 II-2-A Variable (2) $ 2,802,673.90 September 25, 2036 II-2-B Variable (2) $ 2,802,673.90 September 25, 2036 II-3-A Variable (2) $ 3,553,825.75 September 25, 2036 II-3-B Variable (2) $ 3,553,825.75 September 25, 2036 II-4-A Variable (2) $ 3,879,319.66 September 25, 2036 II-4-B Variable (2) $ 3,879,319.66 September 25, 2036 II-5-A Variable (2) $ 4,204,813.57 September 25, 2036 II-5-B Variable (2) $ 4,204,813.57 September 25, 2036 II-6-A Variable (2) $ 4,530,307.48 September 25, 2036 II-6-B Variable (2) $ 4,530,307.48 September 25, 2036 II-7-A Variable (2) $ 4,855,801.39 September 25, 2036 II-7-B Variable (2) $ 4,855,801.39 September 25, 2036 II-8-A Variable (2) $ 5,723,084.14 September 25, 2036 II-8-B Variable (2) $ 5,723,084.14 September 25, 2036 -4- Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) II-9-A Variable (2) $ 6,080,756.56 September 25, 2036 II-9-B Variable (2) $ 6,080,756.56 September 25, 2036 II-10-A Variable (2) $ 6,124,684.59 September 25, 2036 II-10-B Variable (2) $ 6,124,684.59 September 25, 2036 II-11-A Variable (2) $ 5,999,287.07 September 25, 2036 II-11-B Variable (2) $ 5,999,287.07 September 25, 2036 II-12-A Variable (2) $ 5,914,477.42 September 25, 2036 II-12-B Variable (2) $ 5,914,477.42 September 25, 2036 II-13-A Variable (2) $ 5,735,377.96 September 25, 2036 II-13-B Variable (2) $ 5,735,377.96 September 25, 2036 II-14-A Variable (2) $ 5,403,735.18 September 25, 2036 II-14-B Variable (2) $ 5,403,735.18 September 25, 2036 II-15-A Variable (2) $ 5,718,221.31 September 25, 2036 II-15-B Variable (2) $ 5,718,221.31 September 25, 2036 II-16-A Variable (2) $ 5,895,909.97 September 25, 2036 II-16-B Variable (2) $ 5,895,909.97 September 25, 2036 II-17-A Variable (2) $ 8,187,813.29 September 25, 2036 II-17-B Variable (2) $ 8,187,813.29 September 25, 2036 II-18-A Variable (2) $ 7,732,995.50 September 25, 2036 II-18-B Variable (2) $ 7,732,995.50 September 25, 2036 II-19-A Variable (2) $ 7,262,025.21 September 25, 2036 II-19-B Variable (2) $ 7,262,025.21 September 25, 2036 II-20-A Variable (2) $ 6,820,909.01 September 25, 2036 II-20-B Variable (2) $ 6,820,909.01 September 25, 2036 II-21-A Variable (2) $ 6,409,563.63 September 25, 2036 II-21-B Variable (2) $ 6,409,563.63 September 25, 2036 II-22-B Variable (2) $ 6,009,438.16 September 25, 2036 II-23-A Variable (2) $ 24,681,488.39 September 25, 2036 II-23-B Variable (2) $ 24,681,488.39 September 25, 2036 II-24-A Variable (2) $ 4,249,248.38 September 25, 2036 II-24-B Variable (2) $ 4,249,248.38 September 25, 2036 II-25-A Variable (2) $ 3,994,325.11 September 25, 2036 II-25-B Variable (2) $ 3,994,325.11 September 25, 2036 II-26-A Variable (2) $ 3,756,344.93 September 25, 2036 II-26-B Variable (2) $ 3,756,344.93 September 25, 2036 II-27-A Variable (2) $ 3,542,323.44 September 25, 2036 II-27-B Variable (2) $ 3,542,323.44 September 25, 2036 II-28-A Variable (2) $ 2,101,169.63 September 25, 2036 II-28-B Variable (2) $ 2,101,169.63 September 25, 2036 II-29-A Variable (2) $ 2,005,685.81 September 25, 2036 II-29-B Variable (2) $ 2,005,685.81 September 25, 2036 II-30-A Variable (2) $ 1,935,556.86 September 25, 2036 II-30-B Variable (2) $ 1,935,556.86 September 25, 2036 Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) II-31-B Variable (2) $ 1,868,309.56 September 25, 2036 II-32-B Variable (2) $ 1,803,450.64 September 25, 2036 II-33-A Variable (2) $ 1,740,884.63 September 25, 2036 II-33-B Variable (2) $ 1,740,884.63 September 25, 2036 II-34-A Variable (2) $ 1,680,448.19 September 25, 2036 II-34-B Variable (2) $ 1,680,448.19 September 25, 2036 II-35-A Variable (2) $ 1,622,151.06 September 25, 2036 II-35-B Variable (2) $ 1,622,151.06 September 25, 2036 II-36-A Variable (2) $ 1,566,013.89 September 25, 2036 II-36-B Variable (2) $ 1,566,013.89 September 25, 2036 II-37-B Variable (2) $ 1,511,218.49 September 25, 2036 II-38-A Variable (2) $ 1,452,498.48 September 25, 2036 II-38-B Variable (2) $ 1,452,498.48 September 25, 2036 II-39-A Variable (2) $ 1,398,651.57 September 25, 2036 II-39-B Variable (2) $ 1,398,651.57 September 25, 2036 II-40-A Variable (2) $ 1,350,782.45 September 25, 2036 II-40-B Variable (2) $ 1,350,782.45 September 25, 2036 II-41-A Variable (2) $ 1,304,887.48 September 25, 2036 II-41-B Variable (2) $ 1,304,887.48 September 25, 2036 II-42-A Variable (2) $ 1,260,558.79 September 25, 2036 II-42-B Variable (2) $ 1,260,558.79 September 25, 2036 II-43-A Variable (2) $ 1,217,742.24 September 25, 2036 II-43-B Variable (2) $ 1,217,742.24 September 25, 2036 II-44-A Variable (2) $ 1,176,386.04 September 25, 2036 II-44-B Variable (2) $ 1,176,386.04 September 25, 2036 II-45-A Variable (2) $ 1,136,440.16 September 25, 2036 II-45-B Variable (2) $ 1,136,440.16 September 25, 2036 II-46-B Variable (2) $ 1,097,856.29 September 25, 2036 II-47-A Variable (2) $ 1,060,587.80 September 25, 2036 II-47-B Variable (2) $ 1,060,587.80 September 25, 2036 II-48-A Variable (2) $ 1,024,589.64 September 25, 2036 II-48-B Variable (2) $ 1,024,589.64 September 25, 2036 II-49-A Variable (2) $ 989,818.32 September 25, 2036 II-49-B Variable (2) $ 989,818.32 September 25, 2036 II-50-A Variable (2) $ 956,231.86 September 25, 2036 II-50-B Variable (2) $ 956,231.86 September 25, 2036 II-51-A Variable (2) $ 923,789.70 September 25, 2036 II-51-B Variable (2) $ 923,789.70 September 25, 2036 II-52-A Variable (2) $ 892,452.68 September 25, 2036 II-52-B Variable (2) $ 892,452.68 September 25, 2036 II-53-B Variable (2) $ 862,183.00 September 25, 2036 Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) II-54-A Variable (2) $ 832,944.14 September 25, 2036 II-54-B Variable (2) $ 832,944.14 September 25, 2036 II-55-A Variable (2) $ 804,700.84 September 25, 2036 II-55-B Variable (2) $ 804,700.84 September 25, 2036 II-56-A Variable (2) $ 777,419.06 September 25, 2036 II-56-B Variable (2) $ 777,419.06 September 25, 2036 II-57-A Variable (2) $ 751,056.99 September 25, 2036 II-57-B Variable (2) $ 751,056.99 September 25, 2036 II-59-A Variable (2) $ 727,149.11 September 25, 2036 II-59-A Variable (2) $ 727,149.11 September 25, 2036 II-59-A Variable (2) $ 14,501,520.13 September 25, 2036 II-59-B Variable (2) $ 14,501,520.13 September 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (People's Financial Realty Mortgage Securities 2006-1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated CLASS DESIGNATION FOR EACH REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1REGULAR INTEREST AND COMPONENT I INITIAL CLASS OF THE CLASS R TYPE OF CERTIFICATE PRINCIPAL FINAL MATURITY CERTIFICATES INTEREST INTEREST RATE BALANCE DATE* ------------------ --------- ---------------- ---------------- -------------------- Class Y-1 Regular Variable(1) AA $ 35,926.76 December 2033 Class Y-2 Regular Variable(2) $ 395,429,412.86 September 25, 2035 A 95,453.75 December 2033 Class Y-3 Regular Variable(3) $ 82,253.31 December 2033 Class Y-4 Regular Variable(4) $ 86,341.61 December 2033 Class Z-1 Regular Variable(1) $ 71,817,589.87 December 2033 Class Z-2 Regular Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2$190,812,043.58 December 2033 Class Z-3 Regular Variable(3) $164,448,967.77 December 2033 Class Z-4 Regular Variable(4) $172,622,695.04 December 2033 Component I of the Class R+ Residual Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________100.00 December 2033
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mort Pro Inc Gmacm Mo Pa Th Ce Se 03 Ar2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass- Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2------------- ------------------------ ---------------------- ---------------------- LTA Variable(1) $ 395,429,412.86 September 180,001,875.09 May 25, 2035 A Variable(22031 LTB Variable(1) $ 2,836,590.00 September 20,000,000.00 May 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2031
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in seventeen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-1 Variable(1) AA Variable(2$879,853,190.76 October 2036 LT-2 Variable(1) $ 395,429,412.86 September 25, 2035 A Variable(2$28,975.59 October 2036 LT-3 0.00% $59,024.43 October 2036 LT-4 Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 $59,024.43 October 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rz4 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, any Prepayment Charge Waiver Amounts and, for the Pre-Funding avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Swap Account, the Swap Collateral Account and any rights or obligations in respect of the Interest Coverage AccountSwap Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA I-7-B Variable(2) $ 395,429,412.86 September 25, 2035 4,561,003.42 December 2036 I-13-B Variable(2) $ 3,675,168.65 December 2036 I-14-B Variable(2) $ 3,545,237.02 December 2036 I-17-B Variable(2) $ 3,182,340.60 December 2036 I-18-B Variable(2) $ 3,069,819.91 December 2036 I-19-B Variable(2) $ 2,961,274.62 December 2036 I-20-B Variable(2) $ 2,856,564.36 December 2036 I-21-B Variable(2) $ 2,755,553.70 December 2036 I-24-B Variable(2) $ 2,473,435.88 December 2036 I-25-B Variable(2) $ 2,385,962.56 December 2036 I-27-B Variable(2) $ 2,220,179.52 December 2036 I-28-B Variable(2) $ 2,141,655.35 December 2036 I-29-B Variable(2) $ 2,065,906.07 December 2036 I-30-B Variable(2) $ 1,992,833.66 December 2036 I-33-B Variable(2) $ 1,788,748.92 December 2036 I-34-B Variable(2) $ 1,725,471.44 December 2036 I-35-A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 1,664,430.37 December 2036 I-35-B Variable(2) $ 427,710.00 September 25, 2035 M-2 1,664,430.37 December 2036 I-36-B Variable(2) $ 74,650.00 September 25, 2035 M-3 1,605,546.71 December 2036 I-38-B Variable(2) $ 121,050.00 September 25, 2035 M-4 1,493,949.53 December 2036 I-39-B Variable(2) $ 90,790.00 September 25, 2035 M-5 1,441,091.58 December 2036 I-40-A Variable(2) $ 64,560.00 September 25, 2035 B-1 1,390,102.01 December 2036 I-40-B Variable(2) $ 88,770.00 September 25, 2035 B-2 1,390,102.01 December 2036 I-41-B Variable(2) $ 60,520.00 September 25, 2035 B-3 1,340,914.82 December 2036 I-42-A Variable(2) $ 66,580.00 September 25, 2035 B-4 1,293,466.34 December 2036 I-42-B Variable(2) $ 199,730.00 September 25, 2035 ZZ 1,293,466.34 December 2036 I-43-A Variable(2) $ 4,039,038.02 September 25, 2035 1,247,695.16 December 2036 I-43-B Variable(2) $ 1,247,695.16 December 2036 I-44-A Variable(2) $ 1,203,542.03 December 2036 I-44-B Variable(2) $ 1,203,542.03 December 2036 I-45-A Variable(2) $ 32,756,010.51 December 2036 I-45-B Variable(2) $ 32,756,010.51 December 2036 II-1-A Variable(2) $ 558,718.46 December 2036 II-1-B Variable(2) $ 558,718.46 December 2036 II-2-A Variable(2) $ 538,971.61 December 2036 II-2-B Variable(2) $ 538,971.61 December 2036 II-3-A Variable(2) $ 519,922.22 December 2036 II-3-B Variable(2) $ 519,922.22 December 2036 II-4-A Variable(2) $ 501,545.66 December 2036 II-4-B Variable(2) $ 501,545.66 December 2036 II-5-A Variable(2) $ 483,818.18 December 2036 II-5-B Variable(2) $ 483,818.18 December 2036 II-6-A Variable(2) $ 466,716.87 December 2036 II-6-B Variable(2) $ 466,716.87 December 2036 II-7-A Variable(2) $ 450,219.62 December 2036 II-7-B Variable(2) $ 450,219.62 December 2036 II-8-A Variable(2) $ 434,305.10 December 2036 II-8-B Variable(2) $ 434,305.10 December 2036 II-9-A Variable(2) $ 418,952.73 December 2036 II-9-B Variable(2) $ 418,952.73 December 2036 II-10-A Variable(2) $ 404,142.69 December 2036 II-10-B Variable(2) $ 404,142.69 December 2036 II-11-A Variable(2) $ 389,855.80 December 2036 II-11-B Variable(2) $ 389,855.80 December 2036 II-12-A Variable(2) $ 376,073.61 December 2036 II-12-B Variable(2) $ 376,073.61 December 2036 II-13-A Variable(2) $ 362,778.29 December 2036 II-13-B Variable(2) $ 362,778.29 December 2036 II-14-A Variable(2) $ 349,952.65 December 2036 II-14-B Variable(2) $ 349,952.65 December 2036 II-15-A Variable(2) $ 337,580.12 December 2036 II-15-B Variable(2) $ 337,580.12 December 2036 II-16-A Variable(2) $ 325,644.68 December 2036 II-16-B Variable(2) $ 325,644.68 December 2036 II-17-A Variable(2) $ 314,130.91 December 2036 II-17-B Variable(2) $ 314,130.91 December 2036 II-18-A Variable(2) $ 303,023.92 December 2036 II-18-B Variable(2) $ 303,023.92 December 2036 II-19-A Variable(2) $ 292,309.34 December 2036 II-19-B Variable(2) $ 292,309.34 December 2036 II-20-A Variable(2) $ 281,973.33 December 2036 II-20-B Variable(2) $ 281,973.33 December 2036 II-21-A Variable(2) $ 272,002.50 December 2036 II-21-B Variable(2) $ 272,002.50 December 2036 II-22-A Variable(2) $ 262,383.97 December 2036 II-22-B Variable(2) $ 262,383.97 December 2036 II-23-A Variable(2) $ 253,105.29 December 2036 II-23-B Variable(2) $ 253,105.29 December 2036 II-24-A Variable(2) $ 244,154.47 December 2036 II-24-B Variable(2) $ 244,154.47 December 2036 II-25-A Variable(2) $ 235,519.92 December 2036 II-25-B Variable(2) $ 235,519.92 December 2036 II-26-A Variable(2) $ 227,190.48 December 2036 II-26-B Variable(2) $ 227,190.48 December 2036 II-27-A Variable(2) $ 219,155.37 December 2036 II-27-B Variable(2) $ 219,155.37 December 2036 II-28-A Variable(2) $ 211,404.19 December 2036 II-28-B Variable(2) $ 211,404.19 December 2036 II-29-A Variable(2) $ 203,926.93 December 2036 II-29-B Variable(2) $ 203,926.93 December 2036 II-30-A Variable(2) $ 196,713.91 December 2036 II-30-B Variable(2) $ 196,713.91 December 2036 II-31-A Variable(2) $ 189,755.79 December 2036 II-31-B Variable(2) $ 189,755.79 December 2036 II-32-A Variable(2) $ 183,043.57 December 2036 II-32-B Variable(2) $ 183,043.57 December 2036 II-33-A Variable(2) $ 176,568.57 December 2036 II-33-B Variable(2) $ 176,568.57 December 2036 II-34-A Variable(2) $ 170,322.41 December 2036 II-34-B Variable(2) $ 170,322.41 December 2036 II-35-A Variable(2) $ 164,297.01 December 2036 II-35-B Variable(2) $ 164,297.01 December 2036 II-36-A Variable(2) $ 158,484.56 December 2036 II-36-B Variable(2) $ 158,484.56 December 2036 II-37-A Variable(2) $ 152,877.55 December 2036 II-37-B Variable(2) $ 152,877.55 December 2036 II-38-A Variable(2) $ 147,468.73 December 2036 II-38-B Variable(2) $ 147,468.73 December 2036 II-39-A Variable(2) $ 142,251.09 December 2036 II-39-B Variable(2) $ 142,251.09 December 2036 II-40-A Variable(2) $ 137,217.87 December 2036 II-40-B Variable(2) $ 137,217.87 December 2036 II-41-A Variable(2) $ 132,362.57 December 2036 II-41-B Variable(2) $ 132,362.57 December 2036 II-42-A Variable(2) $ 127,678.90 December 2036 II-42-B Variable(2) $ 127,678.90 December 2036 II-43-A Variable(2) $ 123,160.80 December 2036 II-43-B Variable(2) $ 123,160.80 December 2036 II-44-A Variable(2) $ 118,802.42 December 2036 II-44-B Variable(2) $ 118,802.42 December 2036 II-45-A Variable(2) $ 3,233,367.12 December 2036 II-45-B Variable(2) $ 3,233,367.12 December 2036 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Sl5)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in thirteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated CLASS DESIGNATION FOR EACH REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1REGULAR INTEREST AND COMPONENT I OF THE CLASS R TYPE OF CERTIFICATE PRINCIPAL FINAL MATURITY CERTIFICATES INTEREST INTEREST RATE BALANCE DATE* Class Y-1 Regular Variable(1) AA $ 46,301,727.85 August 2034 Class Y-2 Regular Variable(2) $127,374,035.92 August 2034 Class Y-3 Regular Variable(3) $207,394,866.88 August 2034 Class Y-4 Regular Variable(4) $ 395,429,412.86 September 25, 2035 A 65,754,612.18 August 2034 Class Y-5 Regular Variable(5) $ 63,028,715.04 August 2034 Class Z-1 Regular Variable(1) $ 46,301,727.85 August 2034 Class Z-2 Regular Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2$127,374,035.92 August 2034 Class Z-3 Regular Variable(3) $207,394,866.88 August 2034 Class Z-4 Regular Variable(4) $ 427,710.00 September 25, 2035 M-2 Variable(265,754,612.18 August 2034 Class Z-5 Regular Variable(5) $ 74,650.00 September 25, 2035 M-3 Variable(263,028,715.04 August 2034 Component I of the Class R+ Residual Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________100.00 August 2034
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GMACM Mortgage Pass-Through Certificates Series 2004-Ar2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eleven Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated INITIAL UNCERTIFICATED UNCERTIFICATED REMIC I PassREMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date THROUGH RATE PRINCIPAL BALANCE MATURITY DATE ------------ ---------------------- ---------------------- --------------- AA (1) AA Variable(2$282,854,344.90 September 2045 A-2 (1) $ 395,429,412.86 $682,350.00 September 25, 2035 A Variable(22045 A-3 (1) $ 2,836,590.00 $138,590.00 September 25, 2035 2045 M-1 Variable(2(1) $ 427,710.00 $210,690.00 September 25, 2035 2045 M-2 Variable(2(1) $ 74,650.00 $171,730.00 September 25, 2035 2045 M-3 Variable(2(1) $ 121,050.00 $89,470.00 September 25, 2035 2045 M-4 Variable(2(1) $ 90,790.00 $41,850.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2045
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Sp1 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Hedge Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina “REMIC”) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I.” The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the “Uncertificated REMIC I Pass-Through Rate, the ”) and initial Uncertificated Principal Balance and, for purposes each of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iiithe “regular interests” in REMIC I (the “REMIC I Regular Interests”), the . The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated DESIGNATION UNCERTIFICATED REMIC I PassPASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE INITIAL UNCERTIFICATED REMIC I PRINCIPAL BALANCE LATEST POSSIBLE MATURITY DATE LT1 LT2 LT3 LT4 Variable(1) AA Variable(2Variable(1) $ 395,429,412.86 September 25, 0.00% Variable(1) $408,467,962.79 $10,056.61 $30,797.35 $30,797.35 June 2035 A Variable(2) $ 2,836,590.00 September 25, June 2035 M-1 Variable(2) $ 427,710.00 September 25, June 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________June 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2005-Ks5 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I ------- As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carryover Reserve Account and the Cap Contracts) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iiiregulation section 1.860G- 1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Designation Remittance-Rate Uncertificated-Balance Maturity-Date(1) AA ------------------------ ------------------------------- -------------------------------- --------------------------- I-LT1 Variable(2) $160,566,810.77 June 25, 2034 I-LTIO1-1 Variable(2) $ 395,429,412.86 September 8,100,000.00 June 25, 2035 A 2034 I-LTIO1-2 Variable(2) $ 2,836,590.00 September 21,870,000.00 June 25, 2035 M-1 2034 I-LTIO1-3 Variable(2) $ 427,710.00 September 8,100,000.00 June 25, 2035 M-2 2034 I-LTIO1-4 Variable(2) $ 74,650.00 September 16,200,000.00 June 25, 2035 M-3 2034 I-LTIO1-5 Variable(2) $ 121,050.00 September 5,670,000.00 June 25, 2035 M-4 2034 I-LTIO1-6 Variable(2) $ 90,790.00 September 15,690,000.00 June 25, 2035 M-5 2034 I-LTIO1-7 Variable(2) $ 64,560.00 September 2,940,000.00 June 25, 2035 B-1 2034 I-LTIO1-8 Variable(2) $ 88,770.00 September 8,100,000.00 June 25, 2035 B-2 2034 I-LTIO1-9 Variable(2) $ 60,520.00 September 8,100,000.00 June 25, 2035 B-3 2034 I-LTIO1-10 Variable(2) $ 66,580.00 September 28,350,000.00 June 25, 2035 B-4 2034 I-LT2 Xxxxxxxx(2) $ 37,429,255.82 June 25, 2034 I-LTIO2-1 Variable(2) $ 199,730.00 September 1,900,000.00 June 25, 2035 ZZ 2034 I-LTIO2-2 Variable(2) $ 4,039,038.02 September 5,130,000.00 June 25, 2035 ______________________________________2034 I-LTIO2-3 Variable(2) $ 1,900,000.00 June 25, 2034 I-LTIO2-4 Variable(2) $ 3,800,000.00 June 25, 2034 I-LTIO2-5 Variable(2) $ 1,330,000.00 June 25, 2034 I-LTIO2-6 Variable(2) $ 3,610,000.00 June 25, 2034 I-LTIO2-7 Variable(2) $ 760,000.00 June 25, 2034 I-LTIO2-8 Variable(2) $ 1,900,000.00 June 25, 2034 I-LTIO2-9 Variable(2) $ 1,900,000.00 June 25, 2034 I-LTIO2-10 Variable(2) $ 6,650,000.00 June 25, 2034 I-LTP Xxxxxxxx(2) $ 100.00 June 25, 2034
Appears in 1 contract
PRELIMINARY STATEMENT. The In exchange for the Certificates, the Depositor is the owner of hereby conveys the Trust Fund that is hereby conveyed Estate to the Trustee to create the Trust. The Trust Estate for federal income tax purposes will be treated as two separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC," respectively, and each, a "REMIC"). The Senior Certificates (other than the Class CB-IO, Class 30-PO, Class 1-CB-R and Class 1-CB-LR Certificates) are referred to collectively as the "Regular Certifxxxxxs" and shall constitute "regular interests" in return for the CertificatesUpper-Tier REMIC. On or prior to the Closing DateThe Class 1-CB-IO Component, Class 1-30-PO Component, Class 2-CB-IO Component, Class 2-30-PO Component and Class 3-30-PO Component (collectively, the Depositor acquired "Components") shall also constitute "regular interests" in the Initial Mortgage Loans from Upper-Tier REMIC. The Uncertificated Lower-Tier Interests shall constitute the Seller"regular interests" in the Lower-Tier REMIC. On The Class 1-CB-R Certificate shall be the Closing Date, "residual interest" in the Depositor Upper-Tier REMIC and the Class 1-CB-LR Certificate shall be the "residual interest" in the Lower-Tier REXXX. The Certificates will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing represent the entire beneficial ownership interest in the Trust FundTrust. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) The "latest possible maturity date" for federal income tax purposes, and such segregated pool purposes of assets will be designated as “REMIC I”. The Class R-1 Certificates all interests created hereby will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein)Certificate Maturity Date. The following table irrevocably sets forth characteristics of the designationCertificates and the Components, together with the Uncertificated REMIC I minimum denominations and integral multiples in excess thereof in which the Classes of Certificates shall be issuable: -------------------------------------------------------------------------------- Integral Initial Class Multiples in Certificate Balance Pass-Through Rate, the initial Uncertificated Principal Minimum Excess of Classes or Notional Amount Rate Denomination Minimum -------------------------------------------------------------------------------- Class 1-CB-1 $98,681,000.00 6.000% $1,000 $1 Class 1-CB-R $50.00 6.000% $50 N/A Class 1-CB-LR $50.00 6.000% $50 N/A Claxx 0-CB-1 $81,841,000.00 6.000% $1,000 $1 Class CB-IO $1,678,304.00 (1) $1,000,000 $1 Class 3-A-1 $97,817,000.00 5.750% $1,000 $1 Class 3-IO $4,414,072.00 5.750% $1,000,000 $1 Class 30-PO $5,241,085.00 (2) $25,000 $1 Class 4-A-1 42,626,000.00 5.500% $1,000 $1 Class 15-IO $423,473.00 5.500% $423,473 N/A Class 15-PO 1,367,082.00 (3) $25,000 $1 Class B-1 $7,728,000.00 (4) $25,000 $1 Class B-2 $2,575,000.00 (4) $25,000 $1 Class B-3 $1,717,000.00 (4) $25,000 $1 Class B-4 $1,373,000.00 (4) $25,000 $1 Class B-5 $1,030,000.00 (4) $25,000 $1 Class B-6 $1,374,278.00 (4) $25,000 $1 -------------------------------------------------------------------------------- Integral Initial Component Multiples In Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I or Component Pass-Through Minimum Excess Of Components Notional Amount Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date Denomination Minimum -------------------------------------------------------------------------------- Class 1-CB-IO $1,018,513.50 6.000% N/A N/A Class 2-CB-IO $659,790.50 6.000% N/A N/A Class 1-30-PO $2,354,368.70 (15) AA Variable(2N/A N/A Class 2-30-PO $2,449,391.60 (5) $ 395,429,412.86 September 25, 2035 N/A Variable(2N/A Class 3-30-PO $437,324.70 (5) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________N/A N/A -------------------------------------------------------------------------------- ------------
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I Pass-------------------------- INITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE AA Variable(1) AA Variable(2) $ 395,429,412.86 September $695,801,016.10 August 25, 2035 A Variable(22036 A-1 Variable(1) $ 2,836,590.00 September $2,934,880 August 25, 2035 M-1 Variable(22036 A-2 Variable(1) $ 427,710.00 September $1,810,660 August 25, 2035 M-2 Variable(22036 A-3 Variable(1) $ 74,650.00 September $472,960 August 25, 2035 M-3 Variable(22036 M-1 Variable(1) $ 121,050.00 September $539,600 August 25, 2035 M-4 Variable(22036 M-2 Variable(1) $ 90,790.00 September $269,800 August 25, 2035 M-5 Variable(22036 M-3 Variable(1) $ 64,560.00 September $156,200 August 25, 2035 B-1 Variable(22036 M-4 Variable(1) $ 88,770.00 September $138,450 August 25, 2035 B-2 Variable(22036 M-5 Variable(1) $ 60,520.00 September $138,450 August 25, 2035 B-3 Variable(22036 M-6 Variable(1) $ 66,580.00 September $124,250 August 25, 2035 B-4 Variable(22036 M-7 Variable(1) $ 199,730.00 September $120,700 August 25, 2035 ZZ Variable(22036 M-8 Variable(1) $ 4,039,038.02 September $106,500 August 25, 2035 ______________________________________2036 M-9 Variable(1) $71,000 August 25, 2036 ZZ Variable(1) $7,316,570.74 August 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rz3 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing DateFor federal income tax purposes, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing will consist of the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. following three real estate mortgage investment conduits: REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than Agreement, but excluding the Reserve FundYield Maintenance Agreements, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Component I of the Class R-1 A-R Certificates will be represent the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, pass-through rate (the “Uncertificated REMIC I Pass-Through Rate, the ”) and initial Uncertificated Principal Balance and, for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”). The “latest possible maturity date” (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Latest Possible Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2Y-1 Variable(1) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 _________ Y-2 Variable(2) $ _________ Y-3 Variable(3) $ _________ Y-4 Variable(4) $ _________ Z-1 Variable(1) $ _________ Z-2 Variable(2) $ _________ Z-3 Variable(3) $ _________ Z-4 Variable(4) $ _________ Class A-R† Variable(1) $ 100.00 † The Class A-R Certificates are entitled to receive the applicable Residual Distribution Amount.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (BellaVista Mortgage Trust 2005-1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eight classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I ------- As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates R-I Interest will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Pass-Through Rate Date (1LT-1 Variable(1) AA Variable(2) $ 395,429,412.86 September $781,144,218.00 January 25, 2035 A Variable(22033 LT-IO Variable(1) $ 2,836,590.00 September $85,000,000.00 January 25, 2035 M-1 Variable(20000 XX-X Variable(1) $ 427,710.00 September $100.00 January 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2033 _______________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass- Through Rate. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC II. The Class R-II Interest will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC II Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC II Regular Interest shall be the 360th Distribution Date. None of the REMIC II Regular Interests will be certificated. Designation Uncertificated REMIC II Uncertificated Principal BalancE Latest Possible Maturity Pass-Through Rate Date ----------------- ---- MT-AA Variable(1) $848,821,333.64 January 25, 2033 MT-A1 Variable(1) $7,735,000.00 January 25, 2033 MT-M1 Variable(1) $297,500.00 January 25, 2033 MT-M2 Variable(1) $255,000.00 January 25, 2033 MT-B1 Variable(1) $212,500.00 January 25, 2033 MT-ZZ Variable(1) $8,822,884.36 January 25, 2033 MT-IO-1 0.50% (2) January 25, 2033 MT-IO-2 0.50% (2) January 25, 2033 MT-P Variable(1) $100.00 January 25, 2033 _________________________ (1) Calculated as provided in the definition of Uncertificated REMIC II Pass- Through Rate. (2) Calculated as provided in the definition of Uncertificated Notional Amount. REMIC III --------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC III. The Class R-III Interest will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC III. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC III Regular Certificates shall be the 360th Distribution Date. Designation Pass-Through Rate Aggregate Initial Final Scheduled Distribution Date Certificate Principal Balance Class A-1 (1) $ 773,500,000.00 January 25, 2003 Class A-IO (1) (3) January 25, 2003 Class M-1 (1) $ 29,750,000.00 January 25, 2003 Class M-2 (1) $ 22,500,000.00 January 25, 2003 Class B-1 (1) $ 21,250,000.00 January 25, 2003 Class C (2) $ 16,144,218.00(2) January 25, 2003 Class P (4) $ 100.00 January 25, 2003
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2003-Bc1)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundFund (as defined herein) created hereunder. On or prior to any Subsequent Transfer Date, The Trust Fund will consist of a segregated pool of assets comprising of the Depositor acquired the Subsequent Mortgage Loans, which will be sold the Pre-Funding Accounts and the Interest Coverage Accounts (each as defined herein) and certain other related assets subject to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the The Trustee will elect to treat the segregated pool of assets consisting of assets compromising the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account Accounts and the Interest Coverage AccountAccounts) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I. The Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions Provisions. The segregated pool of assets consisting of "regular interests" in REMIC I (the "REMIC I Regular Interests"), none of which will be certificated, will be designated as defined herein)REMIC II, and the Trustee will make a separate REMIC election with respect thereto. The Class A1 and Class A2 will be the "regular interests" and the Class R-II will be the sole class of "residual interests" therein. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Stated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “Amount and "latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the Interest: REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Stated Latest Possible Designation Remittance Rate Principal Amount Maturity Date Date(1) ----------- --------------- ---------------- ---------------- A1 (1) AA Variable(22) $ 395,429,412.86 September 40,000,000 January 25, 2035 A Variable(22026 A2 (2) $ 2,836,590.00 September 235,000,000 January 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2026 ---------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bro Mort Sec Vii Inc as Bk Fix & Fl Rte Ce Se 1996-8)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner aggregate will evidence the entire beneficial ownership interest of the Trust Fund that is hereby conveyed to created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property related assets subject to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee Administrator will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve FundFund and, for the avoidance of doubt, the Pre-Funding Account Supplemental Interest Trust and the Interest Coverage AccountSwap Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA I-1-B Variable(2) $ 395,429,412.86 September 25, 2035 A April 2037 I-2-B Variable(2) $ 2,836,590.00 September 25, 2035 M-1 April 2037 I-3-B Variable(2) $ 427,710.00 September 25, 2035 M-2 April 2037 I-4-B Variable(2) $ 74,650.00 September 25, 2035 M-3 April 2037 I-5-B Variable(2) $ 121,050.00 September 25, 2035 M-4 April 2037 I-6-B Variable(2) $ 90,790.00 September 25, 2035 M-5 April 2037 I-7-B Variable(2) $ 64,560.00 September 25, 2035 B-1 April 2037 I-8-B Variable(2) $ 88,770.00 September 25, 2035 B-2 April 2037 I-9-B Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________April 2037
Appears in 1 contract
Samples: Pooling and Servicing Agreement
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing aggregate shall evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund shall consist of a segregated pool of assets consisting of the Trust FundMortgage Loans and certain other related assets subject to this Agreement. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will shall elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fundany Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Interest Coverage Accounts, any Subsequent Mortgage Loan Interest, the Net WAC Rate Carryover Reserve Account and the Interest Coverage AccountCap Contracts) subject to this Agreement as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will shall be designated as “"REMIC I”. I." The Class R-1 Certificates will R-I Interest shall be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation Section regulation section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will shall be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Balance ($) Maturity Date (1Date(1) AA -------------- --------------- ---------------------- ----------------- I-LT1 Variable(2) $936,027,673.27 January 25, 2035 I-LT1PF Variable(2) $234,006,906.23 January 25, 2035 I-LT2 Variable(2) $263,972,264.76 Jxxxxxx 00, 2035 I-LT2PF Variable(2) $ 395,429,412.86 September 65,993,055.74 January 25, 2035 A I-LTP Variable(2) $ 2,836,590.00 September 25100.00 Jxxxxxx 00, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in seventeen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account and the Swap Agreement subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the Distribution Date immediately succeeding the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED INITIAL UNCERTIFICATED REMIC I PassREMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE AA Variable(1) AA Variable(2) $ 395,429,412.86 September $367,500,047.79 November 25, 2035 A Variable(22036 A-1 Variable(1) $ 2,836,590.00 September $1,158,700 November 25, 2035 M-1 Variable(22036 A-2 Variable(1) $ 427,710.00 September $687,280 November 25, 2035 M-2 Variable(22036 A-3 Variable(1) $ 74,650.00 September $929,040 November 25, 2035 M-3 Variable(22036 A-4 Variable(1) $ 121,050.00 September $509,980 November 25, 2035 M-4 Variable(22036 M-1 Variable(1) $ 90,790.00 September $84,370 November 25, 2035 M-5 Variable(22036 M-2 Variable(1) $ 64,560.00 September $78,750 November 25, 2035 B-1 Variable(22036 M-3 Variable(1) $ 88,770.00 September $46,870 November 25, 2035 B-2 Variable(22036 M-4 Variable(1) $ 60,520.00 September $43,120 November 25, 2035 B-3 Variable(22036 M-5 Variable(1) $ 66,580.00 September $41,250 November 25, 2035 B-4 Variable(22036 M-6 Variable(1) $ 199,730.00 September $31,870 November 25, 2035 ZZ Variable(22036 M-7 Variable(1) $ 4,039,038.02 September $26,250 November 25, 2035 ______________________________________2036 M-8 Variable(1) $24,370 November 25, 2036 M-9 Variable(1) $28,120 November 25, 2036 B Variable(1) $31,870 November 25, 2036 ZZ Variable(1) $3,778,160.98 November 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rs6 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Hedge Agreements) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED ------------------- REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE Y-1 Variable(1) $ 395,429,412.86 September 175,000.03 December 25, 2035 A Variable(22034 Y-2 Variable(1) $ 2,836,590.00 September 174,999.98 December 25, 2035 M-1 Variable(22034 Z-1 Variable(1) $ 427,710.00 September $349,825,059.02 December 25, 2035 M-2 Variable(22034 Z-2 Variable(1) $ 74,650.00 September $349,825,041.68 December 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2034
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2004-Ks11 Trust)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprising of the Trust FundMortgage Loans and certain other related assets subject to this Agreement. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Servicer Prepayment Charge Payment Amount) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date (1Date(1) AA ----------- --------------- ---------------------- ---------------- I-LT1 Variable(2) $ 395,429,412.86 September 25, 2035 A I-LT2 Variable(2) $ 2,836,590.00 September 25, 2035 M-1 I-LT3 Variable(2) $ 427,710.00 September 25, 2035 M-2 I-LT4 Variable(2) $ 74,650.00 September 25, 2035 M-3 I-LT5 Variable(2) $ 121,050.00 September 25, 2035 M-4 I-LT6 Variable(2) $ 90,790.00 September 25, 2035 M-5 I-LT7 Variable(2) $ 64,560.00 September 25, 2035 B-1 I-LT8 Variable(2) $ 88,770.00 September 25, 2035 B-2 I-LT9 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________I-LTP (3)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in ten classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I ------- As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Corridor Contract and the Carryover Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates R-I Interest will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated Uncertificated REMIC I Principal Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date ----------- ----------------- --------------- ------------- LT-AA (1) AA Variable(2$1,019,199,235.89 January 2034 LT-A1 (1) $ 395,429,412.86 September 25, 2035 A Variable(28,595,600.00 January 2034 LT-M1 (1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2650,000.00 January 2034 LT-M2 (1) $ 427,710.00 September 25, 2035 M-2 Variable(2520,000.00 January 2034 LT-M3 (1) $ 74,650.00 September 25, 2035 M-3 Variable(2156,000.00 January 2034 LT-M4 (1) $ 121,050.00 September 25, 2035 M-4 Variable(2156,000.00 January 2034 LT-M5 (1) $ 90,790.00 September 25, 2035 M-5 Variable(2130,000.00 January 2034 LT-B (1) $ 64,560.00 September 25, 2035 B-1 Variable(2104,000.00 January 2034 LT-ZZ (1) $ 88,770.00 September 25, 2035 B-2 Variable(210,488,384.41 January 0000 XX-X (1) $ 60,520.00 September 25, 2035 B-3 Variable(2100.00 January 2034 LT-R (1) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 100.00 January 2034 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004 Bc1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I Pass------------------------ INITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-1 Variable(1) $ 395,429,412.86 September 644,891,846.69 August 25, 2035 A Variable(22036 LT-2 Variable(1) $ 2,836,590.00 September 20,535.77 August 25, 2035 M-1 Variable(22036 LT-3 0.00% $ 43,964.27 August 25, 2036 LT-4 Variable(1) $ 427,710.00 September 43,964.27 August 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC II. Component II of the Class R Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, month of Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC II Regular Interests shall be the Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2006-Emx6 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the The Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account Capitalized Interest, Supplemental Interest and the Interest Coverage Account) as a REMIC (as defined hereinRounding Accounts) for federal income tax purposes, purposes will consist of two REMICs. The Subsidiary REMIC will consist of all of the assets constituting the Trust Fund and such segregated pool of assets will be designated evidenced by the Subsidiary REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC) and the SR Interest as “the single "residual interest" in the Subsidiary REMIC. The Trustee will hold the Subsidiary REMIC I”Regular Interests. The Master REMIC will consist of the Subsidiary REMIC Regular Interests and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Master REMIC) and the MR Interest as the single "residual interest" in the Master REMIC. The Class R-1 A-R Certificates will represent beneficial ownership of the SR Interest and the A-R Interest. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein)Latest Possible Maturity Date. The following table irrevocably sets forth characteristics of the designationCertificates, together with the Uncertificated REMIC I minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ====================================================================================================================== Integral Initial Class Multiples Certificate Pass-Through Rate, the initial Uncertificated Principal Minimum in Excess of Class Designation Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date Denomination Minimum ---------------------------------------------------------------------------------------------------------------------- Class A-1 $100,747,000.00 6.500% $25,000.00 $1,000.00 Class A-2 (1) AA Variable(26.750% $25,000.00 (2) $ 395,429,412.86 September 25, 2035 $1,000.00 (2) Class A-3 $72,088,000.00 6.750% $25,000.00 $1,000.00 Class A-4 $1,154,000.00 6.750% $25,000.00 $1,000.00 Class A-5 $3,575,000.00 7.000% $1,000.00 $1,000.00 Class A-6 $150,000.00 6.500% $1,000.00 $1,000.00 Class A-7 $1,561,000.00 7.000% $1,000.00 $1,000.00 Class A-8 $1,561,000.00 6.500% $1,000.00 $1,000.00 Class A-9 $3,425,000.00 (3) $1,000.00 $1,000.00 Class A-10 $4,000,000.00 6.750% $1,000.00 $1,000.00 Class A-11 $1,728,000.00 6.750% $1,000.00 $1,000.00 Class PO $10,480 (4) $25,000.00 $1,000.00 Class A-R $100.00 6.750% $100.00 N/A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 Class M $4,300,000.00 6.750% $25,000.00 $1,000.00 Class B-1 Variable(2) $ 88,770.00 September 25, 2035 $2,000,000.00 6.750% $25,000.00 $1,000.00 Class B-2 Variable(2) $ 60,520.00 September 25, 2035 $1,600,000.00 6.750% $25,000.00 $1,000.00 Class B-3 Variable(2) $ 66,580.00 September 25, 2035 $1,000,000.00 6.750% $100,000.00 $1,000.00 Class B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________$500,000.00 6.750% $100,000.00 $1,000.00 Class B-5 $600,420.00 6.750% $100,000.00 $1,000.00 ====================================================================================================================== --------------
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fourteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated CLASS DESIGNATION FOR EACH REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1REGULAR INTEREST AND COMPONENT I INITIAL CLASS OF THE CLASS R TYPE OF CERTIFICATE PRINCIPAL FINAL MATURITY CERTIFICATES INTEREST INTEREST RATE BALANCE DATE* Class Y-1 Regular Variable(1) AA 24,489.08 March 2035 Class Y-2 Regular Variable(2) $ 395,429,412.86 September 25, 80,392.92 March 2035 A Class Y-3 Regular Variable(3) 11,078.35 March 2035 Class Y-4 Regular Variable(4) 42,786.20 March 2035 Class Y-5 Regular Variable(5) 39,490.25 March 2035 Class Z-1 Regular Variable(1) 49,649,343.14 March 2035 Class Z-2 Regular Variable(2) $ 2,836,590.00 September 25, 162,989,191.00 March 2035 M-1 Variable(2Class Z-3 Regular Variable(3) $ 427,710.00 September 25, 22,460,334.43 March 2035 M-2 Variable(2Class Z-4 Regular Variable(4) $ 74,650.00 September 25, 85,529,618.07 March 2035 M-3 Variable(2Class Z-5 Regular Variable(5) $ 121,050.00 September 25, 78,940,999.91 March 2035 M-4 Variable(2Component I of the Class R+ Residual Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________100.00 March 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gmacm Mortgage Loan Trust 2005-Ar1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Initial Uncertificated REMIC I Uncertificated REMIC I Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date AA (1) AA Variable(2$283,636,001.18 December 2035 A-1 (1) $1,357,000.00 December 2035 A-2 (1) $698,840.00 December 2035 A-3 (1) $493,000.00 December 2035 M-1 (1) $125,900.00 December 2035 M-2 (1) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 88,270.00 December 2035 M-3 Variable(2(1) $ 121,050.00 September 25, $34,730.00 December 2035 M-4 Variable(2(1) $ 90,790.00 September 25, $14,470.00 December 2035 M-5 Variable(2(1) $ 64,560.00 September 25, $28,940.00 December 2035 B-1 Variable(2B (1) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, $14,470.00 December 2035 ZZ Variable(2(1) $ 4,039,038.02 September 25, 2035 ______________________________________$2,894,244.91 December 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2005-Sp3 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer DateFund (as defined herein) created hereunder, consisting primarily of the Mortgage Loans and, if any, the Depositor acquired Pre-Funding Account and the Subsequent Mortgage LoansCapitalized Interest Account (each, which will be sold to the Trust on the related Subsequent Transfer Dateas defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets (consisting of the Mortgage Loans but excluding the Pre-Funding Account and the Capitalized Interest Account, if any) and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). ) representing the "regular interests" in REMIC I. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated INITIAL REMIC I PassUNCERTIFICATED LATEST POSSIBLE DESIGNATION REMITTANCE RATE BALANCE MATURITY DATE(1) LT-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25$316,000,000.00 March 20, 2035 2029 LT-M-1 Variable(2) $ 427,710.00 September 2531,000,000.00 March 20, 2035 2029 LT-M-2 Variable(2) $ 74,650.00 September 2529,000,000.00 March 20, 2035 M-3 2029 LT-B Variable(2) $ 121,050.00 September 2524,000,000.00 March 20, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2029
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance andfor each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for the REMIC I Regular Interests shall be the 360th Distribution Date. The REMIC I Regular Interests will not be certificated. Uncertificated REMIC I Initial Uncertificated REMIC I --------------------- ------------------------------- Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date AA Variable(1) $539,000,891.68 January 25, 2036 A-1 Variable(1) $2,084,920.00 January 25, 2036 A-2 Variable(1) $2,060,190.00 January 25, 2036 A-3 Variable(1) $320,890.00 January 25, 2036 M-1 Variable(1) $187,000.00 January 25, 2036 M-2 Variable(1) $165,000.00 January 25, 2036 M-3 Variable(1) $101,750.00 January 25, 2036 M-4 Variable(1) $90,750.00 January 25, 2036 M-5 Variable(1) $90,750.00 January 25, 2036 M-6 Variable(1) $79,750.00 January 25, 2036 M-7 Variable(1) $74,250.00 January 25, 2036 M-8 Variable(1) $57,750.00 January 25, 2036 M-9 Variable(1) $55,000.00 January 25, 2036 ZZ Variable(1) $5,632,018.20 January 25, 2036 (1) Calculated in accordance with the definition of "Uncertificated REMIC I Pass-Through Rate" herein. ---------------------------------------------------------------------------------------------- REMIC II As provided herein, the REMIC Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II". The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each Class of the REMIC I II Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Aggregate Initial Certificate Pass-Through Principal Final Scheduled Designation Type Rate Balance Distribution Date Initial Uncertificated Principal Balance Latest Possible Maturity Date Ratings Moody's S&P Class X-0(0) Senior Adjustable(2) $208,492,000 November 25, 2027 Aaa AAA (13) AA Variable(2Class A-2(1) $ 395,429,412.86 September Senior Adjustable(2) $206,019,000 December 25, 2035 A Variable(2Aaa AAA (3) $ 2,836,590.00 September Class A-3(1) Senior Adjustable(2) $32,089,000 January 25, 2035 M-1 Variable(22036 Aaa AAA (3) $ 427,710.00 September Class M-1(1) Mezzanine Adjustable(2) $18,700,000 January 25, 2035 M-2 Variable(22036 Aa1 AA+ (3) $ 74,650.00 September Class M-2(1) Mezzanine Adjustable(2) $16,500,000 January 25, 2035 M-3 Variable(22036 Aa2 AA (3) $ 121,050.00 September Class M-3(1) Mezzanine Adjustable(2) $10,175,000 January 25, 2035 M-4 Variable(22036 Aa3 AA (3) $ 90,790.00 September Class M-4(1) Mezzanine Adjustable(2) $9,075,000 January 25, 2035 M-5 Variable(22036 A1 AA (3) $ 64,560.00 September Class M-5(1) Mezzanine Adjustable(2) $9,075,000 January 25, 2035 B-1 Variable(22036 A2 A+ (3) $ 88,770.00 September Class M-6(1) Mezzanine Adjustable(2) $7,975,000 January 25, 2035 B-2 Variable(22036 A3 A (3) $ 60,520.00 September Class M-7(1) Mezzanine Adjustable(2) $7,425,000 January 25, 2035 B-3 Variable(22036 Baa1 A- (3) $ 66,580.00 September Class M-8(1) Mezzanine Adjustable(2) $5,775,000 January 25, 2035 B-4 Variable(22036 Baa2 BBB+ (3) $ 199,730.00 September Class M-9(1) Mezzanine Adjustable(2) $5,500,000 January 25, 2035 ZZ Variable(22036 Baa3 BBB- (3) $ 4,039,038.02 September 25, 2035 ______________________________________Class SB Subordinate Variable(4) $13,200,910 N/A N/R N/R Interest Class R-I Residual N/A N/A N/A N/R N/R Class R-II Residual N/A N/A N/A N/R N/R
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Nc1 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundMortgage Loans (as defined herein). On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans and certain other related assets subject to this Agreement REMIC I as three real estate mortgage investment conduits (other than the Reserve Fundeach, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein"REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes terms and provisions of the REMIC Provisions (Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Standard Terms, the terms and provisions of this Series Supplement shall govern. All capitalized terms not otherwise defined herein)herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I type, Pass-Through Rate, the aggregate Initial Certificate Principal Balance, Maturity Date, initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ratings and certain features for each Class of Certificates comprising the REMIC I Regular Interests (as defined herein)interests in the Trust Fund created hereunder. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I PassAGGREGATE INITIAL FITCH/ PASS-Through THROUGH CERTIFICATE MATURITY ------------------ MINIMUM DESIGNATION RATE PRINCIPAL BALANCE FEATURES(1) DATE XXXXX'X/S&P DENOMINATIONS(2) I-A-1 6.10% $20,000,000.00 Senior/Fixed Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 I-A-2 6.00% $0.00(3) AA Variable(2) $ 395,429,412.86 September Xxxxxx/Xxxxxxxx Xxxxx 00, 0000 XXX/Xxx/XXX $2,000,000.00 Only/Fixed Rate I-A-3 6.25% $13,333,000.00 Senior/Fixed Rate Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 I-A-4 6.25% $17,315,000.00 Senior/Fixed Rate March 25, 2035 A Variable(22037 AAA/Aaa/AAA $25,000.00 Senior/Super II-A-1 Adjustable Senior/Floater/Adjustable Rate(4) $ 2,836,590.00 September $44,261,000.00 Rate Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 (5) Senior/Interest II-A-2 Adjustable $0.00 Xxxx/Xxxxxxx Xxxxx 00, 0000 XXX/Xxx/XXX $2,000,000.00 Rate(4) Floater/Adjustable Rate Senior/Senior II-A-3 Adjustable $12,160,000.00 Xxxxxxx/Xxxxxxx/Xxxxxxxxxx Xxxxx 00, 0000 XXX/Xx0/XXX $25,000.00 Rate(4) Rate Senior/Super II-A-4 Adjustable $142,806,000.00 Xxxxxx/Xxxxxxx/Xxxxxxxxxx Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 Rate(4) Rate (5) Senior/Interest II-A-5 Adjustable $0.00 Xxxx/Xxxxxxx Xxxxx 00, 0000 XXX/Xxx/XXX $2,000,000.00 Rate(4) Floater/Adjustable Rate III-A-1 6.00% $64,655,000.00 Senior/PAC/Fixed Rate Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 III-A-2 6.00% $6,262,000.00 Xxxxxx/Xxxxx Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 Senior/PAC/Fixed Rate III-A-3 6.00% $39,390,000.00 Xxxxxx/XXX/XXX/Xxxxxxxxx/XxxxXxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 Directed/Fixed Rate III-A-4 6.00% $20,000,000.00 Senior/Lockout/Fixed Rate March 25, 2035 M-1 Variable(2) $ 427,710.00 September 2037 AAA/Aaa/AAA $25,000.00 Senior/PAC/Companion/ AAA/Aaa/AAA III-A-5 6.00% $5,898,000.00 -------------------------- March 25, 2035 M-2 Variable(2) $ 74,650.00 September 2037 $25,000.00 Accrual/Fixed Rate III-A-6 6.00% $72,161,000.00 Senior/Super Senior/Fixed Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 Rate Senior/Super AAA/Aaa/AAA III-A-7 Adjustable $46,210,000.00 Senior/Floater/Companion/ March 25, 2035 M-3 Variable(22037 $25,000.00 Rate(4) $ 121,050.00 September Adjustable Rate (5) Senior/Interest AAA/Aaa/AAA III-A-8 Adjustable $0.00 Only/Inverse March 25, 2035 M-4 Variable(22037 $2,000,000.00 Rate(4) $ 90,790.00 September Floater/Adjustable Rate III-A-9 6.00% $40,000,000.00 Xxxxxx/Xxxxx Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 Senior/Lockout/Fixed Rate III-A-10 6.00% $3,990,000.00 Xxxxxx/Xxxxxx Xxxxx 00, 0000 XXX/Xx0/XXX $25,000.00 Support/Lockout/Fixed Rate III-A-11 6.00% $2,526,000.00 Xxxxxx/Xxxxxx Xxxxx 00, 0000 XXX/Xx0/XXX $25,000.00 Support/Fixed Rate IV-A-1 Adjustable $49,758,800.00 Xxxxxx/Xxxxxxx/Xxxxxxxxxx Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 Rate(4) Rate (5) Senior/Interest AAA/Aaa/AAA IV-A-2 Adjustable $0.00 Only/Inverse March 25, 2035 M-5 Variable(22037 $2,000,000.00 Rate(4) $ 64,560.00 September Floater/Adjustable Rate IV-A-3 0.00% $3,554,200.00 Senior/Principal Only Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 V-A-1 6.00% $45,276,000.00 Senior/Fixed Rate Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 V-A-2 5.50% $45,276,000.00 Senior/Fixed Rate Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 I-A-P 0.00% $85,845.69 Senior/Principal Only Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 I-A-V Variable $0.00(7)Senior/Interest Only/ Xxxxx 00, 0000 XXX/Xxx/XXX $2,000,000.00 Rate(6) Variable Rate II-A-P 0.00% $749,817.71 Senior/Principal Only Xxxxx 00, 0000 XXX/Xxx/XXX $25,000.00 II-A-V Variable $0.00(7)Senior/Interest Only/ Xxxxx 00, 0000 XXX/Xxx/XXX $2,000,000.00 Rate(6) Variable Rate III-A-P 0.00% $2,247,692.72 Senior/Principal Only Xxxxx 00, 0000 XXX/XX/XXX $25,000.00 III-A-V Variable $0.00(7)Senior/Interest Only/ March 25, 2035 B-1 Variable(22037 AAA/ NA/AAA $2,000,000.00 Rate(6) $ 88,770.00 September Variable Rate V-A-P 0.00% $471,575.55 Senior/Principal Only March 25, 2035 B-2 Variable(2) $ 60,520.00 September 2022 AAA/ NA/AAA $25,000.00 V-A-V Variable $0.00(7)Senior/Interest Only/ March 25, 2035 B-3 Variable(22022 AAA/ NA/AAA $2,000,000.00 Rate(6) $ 66,580.00 September Variable Rate R-I 6.25% $100.00 Senior/Residual/Fixed Rate Xxxxx 00, 0000 XXX/Xxx/XXX (8) R-II 7.00% $100.00 Senior/Residual/Fixed Rate Xxxxx 00, 0000 XXX/Xxx/XXX (8) R-III 6.00% $100.00 Senior/Residual/Fixed Rate Xxxxx 00, 0000 XXX/Xxx/XXX (8) M-1 Variable $23,904,900.00 Mezzanine/Variable Rate March 25, 2035 B-4 Variable(22037 AA/NA/NA $25,000.00 Rate(9) $ 199,730.00 September M-2 Variable $7,842,900.00 Mezzanine/Variable Rate March 25, 2035 ZZ Variable(22037 A/NA/NA $250,000.00 Rate(9) $ 4,039,038.02 September M-3 Variable $6,349,000.00 Mezzanine/Variable Rate March 25, 2035 2037 BBB/NA/NA $250,000.00 Rate(9) B-1 Variable $4,108,200.00 Subordinate/Variable Rate March 25, 2037 BB/NA/NA $250,000.00 Rate(9) B-2 Variable $3,361,200.00 Subordinate/Variable Rate March 25, 2037 B/NA/NA $250,000.00 Rate(9) B-3 Variable $2,987,828.30 Subordinate/Variable Rate March 25, 2037 NA/NA/NA $250,000.00 Rate(9) ______________________________________
Appears in 1 contract
Samples: RALI Series 2007-Qs4 Trust
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner aggregate will evidence the entire beneficial ownership interest of the Trust Fund that is hereby conveyed to created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Trustee in return for the Certificates. On or prior to the Closing DateMortgage Loans, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Subsequent Mortgage Loans and certain other property related assets subject to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account Account, Cap Contracts and the Interest Coverage AccountReserve Fund) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”". The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date REMITTANCE INITIAL LATEST POSSIBLE DESIGNATION RATE UNCERTIFICATED BALANCE MATURITY DATE (1) AA ----------------- ------------- ---------------------- ----------------- LT1 Variable(2) $ 395,429,412.86 September $669,436,359.31 July 25, 2035 A LT1PF Variable(2) $ 2,836,590.00 September $150,155,255.42 July 25, 2035 M-1 LT2 Variable(2) $ 427,710.00 September $469,784,737.84 July 25, 2035 M-2 LT2PF Variable(2) $ 74,650.00 September $170,482,144.27 July 25, 2000 XXX Variable(2) $100.00 July 25, 2035 M-3 LTCE2 Variable(2) $ 121,050.00 September N/A(3) July 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ACE Securities Corp Home Equity Loan Trust 2005-He4)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in six classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in a trust fund (the "Trust Fund. On or prior to any Subsequent Transfer Date, ") consisting primarily of the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Mortgage Insurance Premium Taxes Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassLATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-I-1 Variable(1) AA Variable(2Xxxxxxxx 00, 0000 XX-X-0 Xxxxxxxx(0) $ 395,429,412.86 September November 25, 2035 A Variable(22032 LT-I-3 Variable(1) $ 2,836,590.00 September Xxxxxxxx 00, 0000 XX-X-0 Xxxxxxxx(0) November 25, 2035 M-1 Variable(22032 LT-II-1 Variable(1) $ 427,710.00 September Xxxxxxxx 00, 0000 XX-XX-0 Xxxxxxxx(0) November 25, 2035 M-2 Variable(22032 LT-II-3 Variable(1) $ 74,650.00 September Xxxxxxxx 00, 0000 XX-XX-0 Xxxxxxxx(0) November 25, 2035 M-3 Variable(2) $ 121,050.00 September 2032 R-I N/A N/A November 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2032 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in twenty-two classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than exclusive of the Reserve Fund, the Pre-Funding Swap Account and the Interest Coverage AccountSwap Agreement) subject to this Agreement as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated REMIC I Uncertificated Principal Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2A-I Variable(1) $ 395,429,412.86 September 2,500,410.70 May 25, 2035 I-1-A Variable(2Variable(1) $ 2,836,590.00 September 9,088,787.47 May 25, 2035 M-1 Variable(2I-1-B Variable(1) $ 427,710.00 September 9,088,787.47 May 25, 2035 M-2 Variable(2I-2-A Variable(1) $ 74,650.00 September 8,847,280.39 May 25, 2035 M-3 Variable(2I-2-B Variable(1) $ 121,050.00 September 8,847,280.39 May 25, 2035 M-4 Variable(2I-3-A Variable(1) $ 90,790.00 September 8,620,582.82 May 25, 2035 M-5 Variable(2I-3-B Variable(1) $ 64,560.00 September 8,620,582.82 May 25, 2035 B-1 Variable(2I-4-A Variable(1) $ 88,770.00 September 8,407,096.88 May 25, 2035 B-2 Variable(2I-4-B Variable(1) $ 60,520.00 September 8,407,096.88 May 25, 2035 B-3 Variable(2I-5-A Variable(1) $ 66,580.00 September 8,205,116.89 May 25, 2035 B-4 Variable(2I-5-B Variable(1) $ 199,730.00 September 8,205,116.89 May 25, 2035 ZZ Variable(2I-6-A Variable(1) $ 4,039,038.02 September 8,013,172.23 May 25, 2035 I-49-B Variable(1) $ 439,838.74 May 25, 2035 I-50-A Variable(1) $ 425,398.74 May 25, 2035 I-50-B Variable(1) $ 425,398.74 May 25, 2035 I-51-A Variable(1) $ 411,440.84 May 25, 2035 I-51-B Variable(1) $ 411,440.84 May 25, 2035 I-52-A Variable(1) $ 397,948.60 May 25, 2035 I-52-B Variable(1) $ 397,948.60 May 25, 2035 I-53-A Variable(1) $ 384,906.13 May 25, 2035 I-53-B Variable(1) $ 384,906.13 May 25, 2035 I-54-A Variable(1) $ 372,298.11 May 25, 2035 I-54-B Variable(1) $ 372,298.11 May 25, 2035 I-55-A Variable(1) $ 360,109.74 May 25, 2035 I-55-B Variable(1) $ 360,109.74 May 25, 2035 I-56-A Variable(1) $ 348,002.37 May 25, 2035 I-56-B Variable(1) $ 348,002.37 May 25, 2035 I-57-A Variable(1) $ 336,628.64 May 25, 2035 I-57-B Variable(1) $ 336,628.64 May 25, 2035 I-58-A Variable(1) $ 325,561.04 May 25, 2035 I-58-B Variable(1) $ 325,561.04 May 25, 2035 I-59-A Variable(1) $ 315,644.50 May 25, 2035 I-59-B Variable(1) $ 315,644.50 May 25, 2035 I-60-A Variable(1) $ 8,170,187.79 May 25, 2035 I-60-B Variable(1) $ 8,170,187.79 May 25, 2035 ______________________________________
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eleven classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the Uncertificated "REMIC I Pass-Through Remittance Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Balance Maturity Date (1) AA Variable(2---------------- ------------------------------ -------------------------- -------------------------- LT1 Variable(1) $ 395,429,412.86 September 171,500,107.40 December 25, 2035 A Variable(22030 LT2 Variable(1) $ 2,836,590.00 September 232,930.00 December 25, 2035 M-1 Variable(22030 LT3 Variable(1) $ 427,710.00 September 274,380.00 December 25, 2035 M-2 Variable(22030 LT4 Variable(1) $ 74,650.00 September 248,060.00 December 25, 2035 M-3 Variable(22030 LT5 Variable(1) $ 121,050.00 September 431,250.00 December 25, 2035 M-4 Variable(22030 LT6 Variable(1) $ 90,790.00 September 344,630.00 December 25, 2035 M-5 Variable(22030 LT7 Variable(1) $ 64,560.00 September 105,000.00 December 25, 2035 B-1 Variable(22030 LT8 Variable(1) $ 88,770.00 September 56,880.00 December 25, 2035 B-2 Variable(22030 LT9 Variable(1) $ 60,520.00 September 48,120.00 December 25, 2035 B-3 Variable(22030 LT10 Variable(1) $ 66,580.00 September 1,758,752.20 December 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2030
Appears in 1 contract
Samples: Custodial Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On sell or prior to the Closing Datetransfer pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing aggregate shall evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund shall consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will shall elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carry Forward Reserve Account and, for the avoidance of doubt, the Supplemental Interest Trust and the Interest Rate Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will shall be designated as “REMIC I”. I.” The Class R-1 Certificates will R-I Interest shall be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will shall be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA Variable(2) $ 395,429,412.86 September 25, 2035 I-1-A Variable(2) $ 2,836,590.00 September 5,728,255.28 October 25, 2035 M-1 I-1-B Variable(2) $ 427,710.00 September 5,728,255.28 October 25, 2035 M-2 I-2-A Variable(2) $ 74,650.00 September 5,525,444.67 October 25, 2035 M-3 I-2-B Variable(2) $ 121,050.00 September 5,525,444.67 October 25, 2035 M-4 I-3-A Variable(2) $ 90,790.00 September 5,333,354.13 October 25, 2035 M-5 I-3-B Variable(2) $$ 5,333,354.13 October 25, 2035 I-4-A Variable(2) $$ 5,151,296.85 October 25, 2035 I-4-B Variable(2) $$ 5,151,296.85 October 25, 2035 I-5-A Variable(2) $$ 5,070,989.78 October 25, 2035 I-5-B Variable(2) $$ 5,070,989.78 October 25, 2035 I-6-A Variable(2) $$ 4,999,177.25 October 25, 2035 I-6-B Variable(2) $$ 4,999,177.25 October 25, 2035 I-7-A Variable(2) $$ 4,645,955.64 October 25, 2035 I-7-B Variable(2) $$ 4,645,955.64 October 25, 2035 I-8-A Variable(2) $$ 4,497,854.43 October 25, 2035 I-8-B Variable(2) $$ 4,497,854.43 October 25, 2035 I-9-A Variable(2) $$ 4,356,494.80 October 25, 2035 I-9-B Variable(2) $$ 4,356,494.80 October 25, 2035 I-10-A Variable(2) $$ 4,221,290.77 October 25, 2035 I-10-B Variable(2) $$ 4,221,290.77 October 25, 2035 I-11-A Variable(2) $$ 4,091,680.88 October 25, 2035 I-11-B Variable(2) $$ 4,091,680.88 October 25, 2035 I-12-A Variable(2) $$ 3,967,129.30 October 25, 2035 I-12-B Variable(2) $$ 3,967,129.30 October 25, 2035 I-13-A Variable(2) $$ 3,847,127.08 October 25, 2035 I-13-B Variable(2) $$ 3,847,127.08 October 25, 2035 I-14-A Variable(2) $$ 3,731,167.02 October 25, 2035 I-14-B Variable(2) $$ 3,731,167.02 October 25, 2035 I-15-A Variable(2) $$ 3,616,540.92 October 25, 2035 I-15-B Variable(2) $$ 3,616,540.92 October 25, 2035 I-16-A Variable(2) $$ 3,461,406.17 October 25, 2035 I-16-B Variable(2) $$ 3,461,406.17 October 25, 2035 I-17-A Variable(2) $$ 3,312,968.59 October 25, 2035 I-17-B Variable(2) $$ 3,312,968.59 October 25, 2035 I-18-A Variable(2) $$ 3,170,937.45 October 25, 2035 I-18-B Variable(2) $$ 3,170,937.45 October 25, 2035 I-19-A Variable(2) $$ 3,035,034.70 October 25, 2035 I-19-B Variable(2) $$ 3,035,034.70 October 25, 2035 I-20-A Variable(2) $$ 2,904,994.44 October 25, 2035 I-20-B Variable(2) $$ 2,904,994.44 October 25, 2035 I-21-A Variable(2) $$ 2,780,562.34 October 25, 2035 I-21-B Variable(2) $$ 2,780,562.34 October 25, 2035 I-22-A Variable(2) $$ 2,670,169.63 October 25, 2035 I-22-B Variable(2) $$ 2,670,169.63 October 25, 2035 I-23-A Variable(2) $$ 2,872,665.50 October 25, 2035 I-23-B Variable(2) $$ 2,872,665.50 October 25, 2035 I-24-A Variable(2) $$ 39,559,519.08 October 25, 2035 I-24-B Variable(2) $$ 39,559,519.08 October 25, 2035 I-25-A Variable(2) $$ 652,778.98 October 25, 2035 I-25-B Variable(2) $$ 652,778.98 October 25, 2035 I-26-A Variable(2) $$ 628,309.88 October 25, 2035 I-26-B Variable(2) $$ 628,309.88 October 25, 2035 I-27-A Variable(2) $$ 604,765.98 October 25, 2035 I-27-B Variable(2) $$ 604,765.98 October 25, 2035 I-28-A Variable(2) $$ 582,111.93 October 25, 2035 I-28-B Variable(2) $$ 582,111.93 October 25, 2035 I-29-A Variable(2) $$ 560,313.72 October 25, 2035 I-29-B Variable(2) $$ 560,313.72 October 25, 2035 I-30-A Variable(2) $$ 539,338.69 October 25, 2035 I-30-B Variable(2) $$ 539,338.69 October 25, 2035 I-31-A Variable(2) $$ 519,155.41 October 25, 2035 I-31-B Variable(2) $$ 519,155.41 October 25, 2035 I-32-A Variable(2) $$ 499,733.69 October 25, 2035 I-32-B Variable(2) $$ 499,733.69 October 25, 2035 I-33-A Variable(2) $$ 481,044.48 October 25, 2035 I-33-B Variable(2) $$ 481,044.48 October 25, 2035 I-34-A Variable(2) $$ 60,964.01 October 25, 2035 I-34-B Variable(2) $$ 60,964.01 October 25, 2035 I-35-A Variable(2) $$ 283,167.35 October 25, 2035 I-35-B Variable(2) $$ 283,167.35 October 25, 2035 I-36-A Variable(2) $$ 273,272.31 October 25, 2035 I-36-B Variable(2) $$ 273,272.31 October 25, 2035 I-37-A Variable(2) $$ 263,720.61 October 25, 2035 I-37-B Variable(2) $$ 263,720.61 October 25, 2035 I-38-A Variable(2) $$ 254,500.53 October 25, 2035 I-38-B Variable(2) $$ 254,500.53 October 25, 2035 I-39-A Variable(2) $$ 245,601.78 October 25, 2035 I-39-B Variable(2) $$ 245,601.78 October 25, 2035 I-40-A Variable(2) $$ 237,010.58 October 25, 2035 I-40-B Variable(2) $$ 237,010.58 October 25, 2035 I-41-A Variable(2) $$ 228,717.77 October 25, 2035 I-41-B Variable(2) $$ 228,717.77 October 25, 2035 I-42-A Variable(2) $$ 220,713.07 October 25, 2035 I-42-B Variable(2) $$ 220,713.07 October 25, 2035 I-43-A Variable(2) $$ 212,986.54 October 25, 2035 I-43-B Variable(2) $$ 212,986.54 October 25, 2035 I-44-A Variable(2) $$ 205,528.59 October 25, 2035 I-44-B Variable(2) $$ 205,528.59 October 25, 2035 I-45-A Variable(2) $$ 198,329.94 October 25, 2035 I-45-B Variable(2) $$ 198,329.94 October 25, 2035 I-46-A Variable(2) $$ 191,381.63 October 25, 2035 I-46-B Variable(2) $$ 191,381.63 October 25, 2035 I-47-A Variable(2) $ 64,560.00 September 184,675.02 October 25, 2035 B-1 I-47-B Variable(2) $ 88,770.00 September 184,675.02 October 25, 2035 B-2 I-48-A Variable(2) $ 60,520.00 September 178,201.76 October 25, 2035 B-3 I-48-B Variable(2) $ 66,580.00 September 178,201.76 October 25, 2035 B-4 I-49-A Variable(2) $ 199,730.00 September 171,953.80 October 25, 2035 ZZ I-49-B Variable(2) $ 4,039,038.02 September 171,953.80 October 25, 2035 I-50-A Variable(2) $ 165,923.34 October 25, 2035 I-50-B Variable(2) $ 165,923.34 October 25, 2035 I-51-A Variable(2) $ 160,102.86 October 25, 2035 I-51-B Variable(2) $ 160,102.86 October 25, 2035 I-52-A Variable(2) $ 4,366,582.61 October 25, 2035 I-52-B Variable(2) $ 4,366,582.61 October 25, 2035 I-OC Variable(2) $ 8,704,067.57 October 25, 2035 I-OC Cash Variable(2) $ 312.32 October 25, 2035 I-P Variable(2) $ 29.19 October 25, 2035 II-1-A Variable(2) $$ 13,892,456.02 October 25, 2035 II-1-B Variable(2) $$ 13,892,456.02 October 25, 2035 II-2-A Variable(2) $$ 13,400,589.42 October 25, 2035 II-2-B Variable(2) $$ 13,400,589.42 October 25, 2035 II-3-A Variable(2) $$ 12,934,721.68 October 25, 2035 II-3-B Variable(2) $$ 12,934,721.68 October 25, 2035 II-4-A Variable(2) $$ 12,493,187.08 October 25, 2035 II-4-B Variable(2) $$ 12,493,187.08 October 25, 2035 II-5-A Variable(2) $$ 12,298,422.31 October 25, 2035 II-5-B Variable(2) $$ 12,298,422.31 October 25, 2035 II-6-A Variable(2) $$ 12,124,258.90 October 25, 2035 II-6-B Variable(2) $$ 12,124,258.90 October 25, 2035 II-7-A Variable(2) $$ 11,267,607.88 October 25, 2035 II-7-B Variable(2) $$ 11,267,607.88 October 25, 2035 II-8-A Variable(2) $$ 10,908,425.30 October 25, 2035 II-8-B Variable(2) $$ 10,908,425.30 October 25, 2035 II-9-A Variable(2) $$ 10,565,592.73 October 25, 2035 II-9-B Variable(2) $$ 10,565,592.73 October 25, 2035 II-10-A Variable(2) $$ 10,237,689.05 October 25, 2035 II-10-B Variable(2) $$ 10,237,689.05 October 25, 2035 II-11-A Variable(2) $$ 9,923,352.55 October 25, 2035 II-11-B Variable(2) $$ 9,923,352.55 October 25, 2035 II-12-A Variable(2) $$ 9,621,283.73 October 25, 2035 II-12-B Variable(2) $$ 9,621,283.73 October 25, 2035 II-13-A Variable(2) $$ 9,330,248.23 October 25, 2035 II-13-B Variable(2) $$ 9,330,248.23 October 25, 2035 II-14-A Variable(2) $$ 9,049,016.01 October 25, 2035 II-14-B Variable(2) $$ 9,049,016.01 October 25, 2035 II-15-A Variable(2) $$ 8,771,018.95 October 25, 2035 II-15-B Variable(2) $$ 8,771,018.95 October 25, 2035 II-16-A Variable(2) $$ 8,394,778.28 October 25, 2035 II-16-B Variable(2) $$ 8,394,778.28 October 25, 2035 II-17-A Variable(2) $$ 8,034,779.91 October 25, 2035 II-17-B Variable(2) $$ 8,034,779.91 October 25, 2035 II-18-A Variable(2) $$ 7,690,318.75 October 25, 2035 II-18-B Variable(2) $$ 7,690,318.75 October 25, 2035 II-19-A Variable(2) $$ 7,360,720.51 October 25, 2035 II-19-B Variable(2) $$ 7,360,720.51 October 25, 2035 II-20-A Variable(2) $$ 7,045,340.26 October 25, 2035 II-20-B Variable(2) $$ 7,045,340.26 October 25, 2035 II-21-A Variable(2) $$ 6,743,561.19 October 25, 2035 II-21-B Variable(2) $$ 6,743,561.19 October 25, 2035 II-22-A Variable(2) $$ 6,475,831.17 October 25, 2035 II-22-B Variable(2) $$ 6,475,831.17 October 25, 2035 II-23-A Variable(2) $$ 6,966,934.46 October 25, 2035 II-23-B Variable(2) $$ 6,966,934.46 October 25, 2035 II-24-A Variable(2) $$ 95,941,757.48 October 25, 2035 II-24-B Variable(2) $$ 95,941,757.48 October 25, 2035 II-25-A Variable(2) $$ 1,583,152.77 October 25, 2035 II-25-B Variable(2) $$ 1,583,152.77 October 25, 2035 II-26-A Variable(2) $$ 1,523,809.07 October 25, 2035 II-26-B Variable(2) $$ 1,523,809.07 October 25, 2035 II-27-A Variable(2) $$ 1,466,709.22 October 25, 2035 II-27-B Variable(2) $$ 1,466,709.22 October 25, 2035 II-28-A Variable(2) $$ 1,411,767.45 October 25, 2035 II-28-B Variable(2) $$ 1,411,767.45 October 25, 2035 II-29-A Variable(2) $$ 1,358,901.33 October 25, 2035 II-29-B Variable(2) $$ 1,358,901.33 October 25, 2035 II-30-A Variable(2) $$ 1,308,031.61 October 25, 2035 II-30-B Variable(2) $$ 1,308,031.61 October 25, 2035 II-31-A Variable(2) $$ 1,259,082.10 October 25, 2035 II-31-B Variable(2) $$ 1,259,082.10 October 25, 2035 II-32-A Variable(2) $$ 1,211,979.55 October 25, 2035 II-32-B Variable(2) $$ 1,211,979.55 October 25, 2035 II-33-A Variable(2) $$ 1,166,653.54 October 25, 2035 II-33-B Variable(2) $$ 1,166,653.54 October 25, 2035 II-34-A Variable(2) $$ 147,853.02 October 25, 2035 II-34-B Variable(2) $$ 147,853.02 October 25, 2035 II-35-A Variable(2) $$ 686,751.86 October 25, 2035 II-35-B Variable(2) $$ 686,751.86 October 25, 2035 II-36-A Variable(2) $$ 662,753.91 October 25, 2035 II-36-B Variable(2) $$ 662,753.91 October 25, 2035 II-37-A Variable(2) $$ 639,588.62 October 25, 2035 II-37-B Variable(2) $$ 639,588.62 October 25, 2035 II-38-A Variable(2) $$ 617,227.63 October 25, 2035 II-38-B Variable(2) $$ 617,227.63 October 25, 2035 II-39-A Variable(2) $$ 595,645.94 October 25, 2035 II-39-B Variable(2) $$ 595,645.94 October 25, 2035 II-40-A Variable(2) $$ 574,810.10 October 25, 2035 II-40-B Variable(2) $$ 574,810.10 October 25, 2035 II-41-A Variable(2) $$ 554,697.97 October 25, 2035 II-41-B Variable(2) $$ 554,697.97 October 25, 2035 II-42-A Variable(2) $$ 535,284.57 October 25, 2035 II-42-B Variable(2) $$ 535,284.57 October 25, 2035 II-43-A Variable(2) $$ 516,545.79 October 25, 2035 II-43-B Variable(2) $$ 516,545.79 October 25, 2035 II-44-A Variable(2) $$ 498,458.40 October 25, 2035 II-44-B Variable(2) $$ 498,458.40 October 25, 2035 II-45-A Variable(2) $$ 480,999.85 October 25, 2035 II-45-B Variable(2) $$ 480,999.85 October 25, 2035 II-46-A Variable(2) $$ 464,148.45 October 25, 2035 II-46-B Variable(2) $$ 464,148.45 October 25, 2035 II-47-A Variable(2) $ 447,883.25 October 25, 2035 II-47-B Variable(2) $ 447,883.25 October 25, 2035 II-48-A Variable(2) $ 432,183.98 October 25, 2035 II-48-B Variable(2) $ 432,183.98 October 25, 2035 II-49-A Variable(2) $ 417,031.10 October 25, 2035 II-49-B Variable(2) $ 417,031.10 October 25, 2035 II-50-A Variable(2) $ 402,405.72 October 25, 2035 II-50-B Variable(2) $ 402,405.72 October 25, 2035 II-51-A Variable(2) $ 388,289.61 October 25, 2035 II-51-B Variable(2) $ 388,289.61 October 25, 2035 II-52-A Variable(2) $ 10,590,058.22 October 25, 2035 II-52-B Variable(2) $ 10,590,058.22 October 25, 2035 II-OC Variable(2) $ 21,107,883.26 October 25, 2035 II-OC Cash Variable(2) $ 2,421.50 October 25, 2035 II-P Variable(2) $ 70.81 October 25, 2035 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GE-WMC Asset-Backed Pass Through Certificates, Series 2005-1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account, the Swap Agreement and the SB-AM Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. Component I of the Class R-1 Certificates will not bear interest or have a Certificate Principal Balance. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE I-1-A Variable(1) AA Variable(2$1,608,000.00 I-2-A Variable(1) $ 395,429,412.86 September 25, 2035 $2,033,000.00 I-3-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2$2,457,000.00 I-4-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(2$2,875,000.00 I-5-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(2$3,279,000.00 I-6-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(2$3,653,500.00 I-7-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(2$3,992,000.00 I-8-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(2$4,240,500.00 I-9-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(2$4,327,500.00 I-10-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(2$4,343,500.00 I-11-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(2$4,154,000.00 I-12-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(2$3,964,500.00 I-13-A Variable(1) $ 4,039,038.02 September 25, 2035 $3,783,000.00 I-14-A Variable(1) $3,609,500.00 I-15-A Variable(1) $3,456,500.00 I-16-A Variable(1) $3,303,000.00 I-17-A Variable(1) $3,244,000.00 I-18-A Variable(1) $3,539,500.00 I-19-A Variable(1) $7,687,000.00 I-20-A Variable(1) $8,572,500.00 I-21-A Variable(1) $11,890,500.00 I-22-A Variable(1) $12,163,000.00 I-23-A Variable(1) $1,564,000.00 I-24-A Variable(1) $1,015,500.00 I-25-A Variable(1) $939,500.00 I-26-A Variable(1) $799,500.00 I-27-A Variable(1) $750,000.00 I-28-A Variable(1) $130,500.00 I-29-A Variable(1) $524,500.00 I-30-A Variable(1) $1,320,000.00 I-31-A Variable(1) $445,500.00 I-32-A Variable(1) $255,500.00 I-33-A Variable(1) $248,000.00 I-34-A Variable(1) $241,500.00 I-35-A Variable(1) $234,500.00 I-36-A Variable(1) $228,000.00 I-37-A Variable(1) $221,500.00 I-38-A Variable(1) $215,500.00 I-39-A Variable(1) $208,500.00 I-40-A Variable(1) $203,000.00 I-41-A Variable(1) $197,000.00 I-42-A Variable(1) $191,000.00 I-43-A Variable(1) $185,500.00 I-44-A Variable(1) $5,518,000.00 I-1-B Variable(1) $1,608,000.00 I-2-B Variable(1) $2,033,000.00 I-3-B Variable(1) $2,457,000.00 I-4-B Variable(1) $2,875,000.00 I-5-B Variable(1) $3,279,000.00 I-6-B Variable(1) $3,653,500.00 I-7-B Variable(1) $3,992,000.00 I-8-B Variable(1) $4,240,500.00 I-9-B Variable(1) $4,327,500.00 I-10-B Variable(1) $4,343,500.00 I-11-B Variable(1) $4,154,000.00 I-12-B Variable(1) $3,964,500.00 I-13-B Variable(1) $3,783,000.00 I-14-B Variable(1) $3,609,500.00 I-15-B Variable(1) $3,456,500.00 I-16-B Variable(1) $3,303,000.00 I-17-B Variable(1) $3,244,000.00 I-18-B Variable(1) $3,539,500.00 I-19-B Variable(1) $7,687,000.00 I-20-B Variable(1) $8,572,500.00 I-21-B Variable(1) $11,890,500.00 I-22-B Variable(1) $12,163,000.00 I-23-B Variable(1) $1,564,000.00 I-24-B Variable(1) $1,015,500.00 I-25-B Variable(1) $939,500.00 I-26-B Variable(1) $799,500.00 I-27-B Variable(1) $750,000.00 I-28-B Variable(1) $130,500.00 I-29-B Variable(1) $524,500.00 I-30-B Variable(1) $1,320,000.00 I-31-B Variable(1) $445,500.00 I-32-B Variable(1) $255,500.00 I-33-B Variable(1) $248,000.00 I-34-B Variable(1) $241,500.00 I-35-B Variable(1) $234,500.00 I-36-B Variable(1) $228,000.00 I-37-B Variable(1) $221,500.00 I-38-B Variable(1) $215,500.00 I-39-B Variable(1) $208,500.00 I-40-B Variable(1) $203,000.00 I-41-B Variable(1) $197,000.00 I-42-B Variable(1) $191,000.00 I-43-B Variable(1) $185,500.00 I-44-B Variable(1) $5,518,000.00 A-I Variable(1) $14,376,575.58 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2007-Ks4 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fourteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in a trust fund (the "Trust Fund. On or prior to any Subsequent Transfer Date, ") consisting primarily of the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Latest Possible Pass-Through Rate Initial Principal Balance Maturity Date LTA Variable(1) $246,001,245 June 25, 2032 LTB1 Variable(1) $6,000,000 June 25, 2032 LTB2 Variable(1) $7,000.000 June 25, 2032 LTB3 Variable(1) $8,000.000 June 25, 2032 LTB4 Variable(1) $8,000,000 June 25, 2032 LTB5 Variable(1) $8,000,000 June 25, 2032 LTB6 Variable(1) $7,000,000 June 25, 2032 LTB7 Variable(1) $16,000,000 June 25, 2032 LTB8 Variable(1) $13,000,000 June 25, 2032 LTB9 Variable(1) $10,000,000 June 25, 2032 LTB10 Variable(1) $36,000,000 June 25, 2032 ------------ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests and certain other related assets subject to this Agreement as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC II Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC II (the "REMIC II Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC II Regular Interest shall be the Maturity Date. None of the REMIC II Regular Interests will be certificated. Designation Uncertificated REMIC II Initial Uncertificated Latest Pass-Through Rate Principal Balance Possible Maturity Date (1LT1 Variable(1) AA $ 364,941,041.70 June 25, 2032 LT2 Variable(1) $ 12,796.95 June 25, 2032 LT3 Variable(1) $ 23,703.18 June 25, 2032 LT4 Variable(1) $ 23,703.18 June 25, 2032 LTA-IO1 Variable(2) $ 395,429,412.86 September N/A(3) August 25, 2035 A 2002 LTA-IO2 Variable(2) $ 2,836,590.00 September N/A(3) November 25, 2035 M-1 2002 LTA-IO3 Variable(2) $ 427,710.00 September N/A(3) February 25, 2035 M-2 2003 LTA-IO4 Variable(2) $ 74,650.00 September N/A(3) May 25, 2035 M-3 2003 LTA-IO5 Variable(2) $ 121,050.00 September N/A(3) August 25, 2035 M-4 2003 LTA-IO6 Variable(2) $ 90,790.00 September N/A(3) November 25, 2035 M-5 2003 LTA-IO7 Variable(2) $ 64,560.00 September N/A(3) February 25, 2035 B-1 2004 LTA-IO8 Variable(2) $ 88,770.00 September N/A(3) May 25, 2035 B-2 2004 LTA-IO9 Variable(2) $ 60,520.00 September N/A(3) August 25, 2035 B-3 2004 LTA-IO10 Variable(2) $ 66,580.00 September N/A(3) November 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2004 ------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundMortgage Loans (as defined herein). On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make, in accordance with Section 10.01, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets subject to this Agreement (other than including the Reserve FundMortgage Loans), the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as “"REMIC I”. I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under the federal income tax law. A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the Trustee will make, in accordance with Section 10.01, a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class M-1, Class M-X, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Pass- Through Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA ----------- ----------------- ----------------- ---------------- Uncertificated REMIC I 9.00% $80,115,000.00 April 25, 2030 Regular Interest N Uncertificated REMIC I 9.00% $124,150,000.00 April 25, 2030 Regular Interest O Uncertificated REMIC I 9.00% $2,410,000.00 April 25, 2030 Regular Interest P Uncertificated REMIC I 9.00% $25,000,000.00 April 25, 2030 Regular Interest Q Uncertificated REMIC I 9.00% $19,000,000.00 April 25, 2030 Regular Interest R Uncertificated REMIC I 0.00% $2,418,208.00 April 25, 2030 Regular Interest S Uncertificated REMIC I 9.00% $100.00 April 25, 2030 Regular Interest T Uncertificated REMIC I 9.00% $11,310,000.00 April 25, 2030 Regular Interest U Uncertificated REMIC I 9.00% $4,965,000.00 April 25, 2030 Regular Interest W REMIC I Regular Interest X 9.00% $2,345,000.00 April 25, 2030 REMIC I Regular Interest Y 9.00% $4,138,169.15 April 25, 2030 REMIC I IO Regular Interest Variable(2) $ 395,429,412.86 September $(3) April 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2030 -----------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in twenty-four classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (exclusive of the Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for "regular interest" in REMIC I (the "REMIC I Regular Interest"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the The REMIC I Regular Interests Interest will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassUNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE REMIC I Regular Variable(1) AA Variable(2) $ 395,429,412.86 September $300,000,888.78 October 25, 2035 2034 Interest A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated REMIC I Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 __________________________________________________________________________________________________________________ LT-1 Variable(1) $374,933,645.73 May 27, 2036 LT-2 Variable(1) $8,469.52 May 27, 2036 RESIDENTIAL FUNDING CORPORATION, LT-4 Variable(1) $29,030.49 May 27, 2036 _______________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC II. The Class R-II Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, month of Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC II Regular Interests shall be the Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rz2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets as set forth in the definition of REMIC I (and exclusive of the Cap Contract and the Net WAC Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates Interest will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Initial Uncertificated Principal Balance andBalance, and for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated. Designation Initial Uncertificated Uncertificated REMIC I Assumed Final Maturity Designation Principal Balance Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA ----------- ----------------- ----------------- ------- LTI-1 $[__________] Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 [_____________] LTI-IO-A $[__________] Variable(2) [_____________] LTI-IO-B $[__________] Variable(2) [_____________] LTI-IO-C $[__________] Variable(2) [_____________] LTI-IO-D $[__________] Variable(2) [_____________] LTI-IO-E $[__________] Variable(2) [_____________] LTI-IO-F $[__________] Variable(2) [_____________] LTI-IO-G $[__________] Variable(2) [_____________] LTI-IO-H $[__________] Variable(2) [_____________] LTI-P $100.00 N/A [_____________]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation UNCERTIFICATED REMIC I INITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-1 Variable(1) $ 799,869,191.06 April 25, 2036 LT-2 Variable(1) $ 29,168.67 April 25, 2036 LT-3 0.00% $ 50,831.34 April 25, 2036 LT-4 Variable(1) $ 50,831.34 April 25, 2036 _______________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC II. Component II of the Class R Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, month of Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC II Regular Interests shall be the Maturity Date. MONTH OF FINAL AGGREGATE INITIAL SCHEDULED PASS-THROUGH CERTIFICATE DISTRIBUTION DESIGNATION TYPE RATE PRINCIPAL BALANCE FEATURES DATE S&P Moody's Class A-1 Regular(1) Adjustable(2)(3)$ 310,000,000.00 Senior/Adjustable Septemxxx 0005 AAA Aaa Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date Class A-2 Regular(1) Adjustable(2)(3)$ 278,250,000.00 Senior/Adjustable June 2035 AAA Aaa Rate Class A-3 Regular(1) Adjustable(2)(3)$ 29,750,000.00 Senior/Adjustable April 2036 AAA Aaa Rate Class M-1 Regular(1) Adjustable(2)(3)$ 31,200,000.00 Mezzanine/Adjustable April 2036 AA+ Aa1 Rate Class M-2 Regular(1) Adjustable(2)(3)$ 28,800,000.00 Mezzanine/Adjustable April 2036 AA+ Aa2 Rate Class M-3 Regular(1) Adjustable(2)(3)$ 16,800,000.00 Mezzanine/Adjustable April 2036 AA Aa3 Rate Class M-4 Regular(1) Adjustable(2)(3)$ 15,200,000.00 Mezzanine/Adjustable April 2036 AA- A1 Rate Class M-5 Regular(1) Adjustable(2)(3)$ 14,400,000.00 Mezzanine/Adjustable April 2036 A+ A2 Rate Class M-6 Regular(1) Adjustable(2)(3)$ 13,600,000.00 Mezzanine/Adjustable April 2036 A A3 Rate Class M-7 Regular(1) Adjustable(2)(3)$ 13,200,000.00 Mezzanine/Adjustable April 2036 A- Baa1 Rate Class M-8 Regular(1) Adjustable(2)(3)$ 12,000,000.00 Mezzanine/Adjustable April 2036 BBB+ Baa2 Rate Class M-9 Regular(1) Adjustable(2)(3)$ 10,400,000.00 Mezzanine/Adjustable April 2036 BBB Baa3 Rate Class SB Regular (1) AA Variable(24) $ 395,429,412.86 September 25, 2035 A Variable(224,400,022.40 Subordinate April 2036 N/R N/R (4) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rz2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes (each, a "Class"), which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundMortgage Loans (as defined herein). On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee Master Servicer will elect make an election to treat the segregated pool of assets consisting described in the definition of the Mortgage Loans Trust Fund (as defined herein), and certain other related assets subject to this Agreement (other than including the Reserve FundMortgage Loans but excluding the Initial Monthly Payment Deposit), the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. the "Trust Fund." The Class R-1 A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7 and Class B Certificates will represent ownership of "regular interests" in the Trust Fund, and the Class R Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I "residual interests" therein, for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, initial ratings and certain features for each Class of Certificates comprising the initial Uncertificated interests in the Trust Fund created hereunder. AGGREGATE INITIAL PASS- CERTIFICATE THROUGH PRINCIPAL DESIGNATION TYPE RATE BALANCE FEATURES INITIAL RATINGS [ ] [ ] Class A-1 Senior ____% $____________ Senior ____ ____ Class A-2 Senior ____% $____________ Senior ____ ____ Class A-3 Senior ____% $____________ Senior ____ ____ Class A-4 Senior ____% $____________ Senior ____ ____ Class A-5 Senior/Fixed ____% $____________ Senior/Interest ____ ____ Strip Only Class A-6 Senior ____% $____________ Senior ____ ____ Class A-7 Senior/Variable Variable $____________ Senior/Interest ____ ____ Strip Rate Only Class R Residual ____% $____________ Residual ____ ____ Class B Subordinate ____% $____________ Subordinate ____ ____ The Mortgage Loans have an aggregate Stated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each as of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I PassCut-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity off Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 equal to $______________________________________. The Mortgage Loans are fixed rate mortgage loans having terms to maturity at origination or modification of not more than 30 years. In consideration of the mutual agreements herein contained, the Company, the Master Servicer and the Trustee agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Namco Securities Corp)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Servicer Prepayment Charge Payment Amount and the Net WAC Rate Carryover Reserve Account) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation Section regulation section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date (1Date(1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________----------- --------------- ---------------------- ----------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in multiple classes, which Certificates in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundFund created hereunder. On or prior to any Subsequent Transfer DateThe Certificates will consist of five classes of certificates, designated as (i) the Depositor acquired Class A Certificates, (ii) the Subsequent Mortgage LoansClass M Certificates, which will be sold to (iii) the Trust on Class B Certificates, (iv) the related Subsequent Transfer DateClass C Certificates and (v) the Class R Certificates. REMIC I 1 As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than exclusive of the Excess Reserve Fund, Fund Account and the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina “REMIC”) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. 1.” The Class R-1 Certificates Interest will be represent the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I 1 for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 Pass-Through Rate, the initial Uncertificated Principal Balance andBalance, and for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests (as defined herein)Interests. None of the REMIC I 1 Regular Interests will be certificated. certificated.(1) Designation Uncertificated REMIC I 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Assumed Final Maturity Date (1Date(2) AA Variable(2LT1 Variable(3) $ 395,429,412.86 September $229,821,905.94 June 25, 2035 A Variable(22010 LT1PF Variable(3) $ 2,836,590.00 September $20,178,094.06 June 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2010 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Indymac Residential Mortgage-Backed Trust, Series 2005-L1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE I-1-A Variable(1) $ 395,429,412.86 September 25, 2035 4,448,903.46 March 2036 I-2-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(25,889,905.38 March 2036 I-3-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(27,593,791.86 March 2036 I-4-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(29,296,221.72 March 2036 I-5-A Variable(1) $10,981,065.51 March 2036 I-6-A Variable(1) $12,631,042.72 March 2036 I-7-A Variable(1) $14,226,969.10 March 2036 I-8-A Variable(1) $15,709,462.28 March 2036 I-9-A Variable(1) $16,911,306.06 March 2036 I-10-A Variable(1) $17,911,750.01 March 2036 I-11-A Variable(1) $18,095,363.25 March 2036 I-12-A Variable(1) $17,236,157.52 March 2036 I-13-A Variable(1) $16,421,286.37 March 2036 I-14-A Variable(1) $15,641,772.57 March 2036 I-15-A Variable(1) $14,899,549.11 March 2036 I-16-A Variable(1) $14,192,838.05 March 2036 I-17-A Variable(1) $13,524,545.95 March 2036 I-18-A Variable(1) $12,965,662.25 March 2036 I-19-A Variable(1) $12,345,552.06 March 2036 I-20-A Variable(1) $12,189,316.24 March 2036 I-21-A Variable(1) $16,202,830.80 March 2036 I-22-A Variable(1) $21,283,311.22 March 2036 I-23-A Variable(1) $19,007,693.95 March 2036 I-24-A Variable(1) $17,003,762.37 March 2036 I-25-A Variable(1) $15,043,983.65 March 2036 I-26-A Variable(1) $11,398,716.70 March 2036 I-27-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(27,475,866.27 March 2036 I-28-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(27,053,122.32 March 2036 I-29-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(26,655,023.64 March 2036 I-30-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(26,279,979.96 March 2036 I-31-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(25,926,629.76 March 2036 I-32-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(25,593,696.36 March 2036 I-33-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(22,809,986.14 March 2036 I-34-A Variable(1) $ 4,039,038.02 September 25, 2035 4,488,834.68 March 2036 I-35-A Variable(1) $ 4,237,751.24 March 2036 I-36-A Variable(1) $ 4,001,778.57 March 2036 I-37-A Variable(1) $ 3,779,346.21 March 2036 I-38-A Variable(1) $ 3,569,661.83 March 2036 I-39-A Variable(1) $ 3,371,979.98 March 2036 I-40-A Variable(1) $ 3,185,595.79 March 2036 I-41-A Variable(1) $ 3,009,854.29 March 2036 I-42-A Variable(1) $ 2,865,055.00 March 2036 I-43-A Variable(1) $ 2,817,458.56 March 2036 I-44-A Variable(1) $48,575,619.35 March 2036 I-1-B Variable(1) $ 4,448,903.46 March 2036 I-2-B Variable(1) $ 5,889,905.38 March 2036 I-3-B Variable(1) $ 7,593,791.86 March 2036 I-4-B Variable(1) $ 9,296,221.72 March 2036 I-5-B Variable(1) $10,981,065.51 March 2036 I-6-B Variable(1) $12,631,042.72 March 2036 I-7-B Variable(1) $14,226,969.10 March 2036 I-8-B Variable(1) $15,709,462.28 March 2036 I-9-B Variable(1) $16,911,306.06 March 2036 I-10-B Variable(1) $17,911,750.01 March 2036 I-11-B Variable(1) $18,095,363.25 March 2036 I-12-B Variable(1) $17,236,157.52 March 2036 I-13-B Variable(1) $16,421,286.37 March 2036 I-14-B Variable(1) $15,641,772.57 March 2036 I-15-B Variable(1) $14,899,549.11 March 2036 I-16-B Variable(1) $14,192,838.05 March 2036 I-17-B Variable(1) $13,524,545.95 March 2036 I-18-B Variable(1) $12,965,662.25 March 2036 I-19-B Variable(1) $12,345,552.06 March 2036 I-20-B Variable(1) $12,189,316.24 March 2036 I-21-B Variable(1) $16,202,830.80 March 2036 I-22-B Variable(1) $21,283,311.22 March 2036 I-23-B Variable(1) $19,007,693.95 March 2036 I-24-B Variable(1) $17,003,762.37 March 2036 I-25-B Variable(1) $15,043,983.65 March 2036 I-26-B Variable(1) $11,398,716.70 March 2036 I-27-B Variable(1) $ 7,475,866.27 March 2036 I-28-B Variable(1) $ 7,053,122.32 March 2036 I-29-B Variable(1) $ 6,655,023.64 March 2036 I-30-B Variable(1) $ 6,279,979.96 March 2036 I-31-B Variable(1) $ 5,926,629.76 March 2036 I-32-B Variable(1) $ 5,593,696.36 March 2036 I-33-B Variable(1) $ 2,809,986.14 March 2036 I-34-B Variable(1) $ 4,488,834.68 March 2036 I-35-B Variable(1) $ 4,237,751.24 March 2036 I-36-B Variable(1) $ 4,001,778.57 March 2036 I-37-B Variable(1) $ 3,779,346.21 March 2036 I-38-B Variable(1) $ 3,569,661.83 March 2036 I-39-B Variable(1) $ 3,371,979.98 March 2036 I-40-B Variable(1) $ 3,185,595.79 March 2036 I-41-B Variable(1) $ 3,009,854.29 March 2036 I-42-B Variable(1) $ 2,865,055.00 March 2036 I-43-B Variable(1) $ 2,817,458.56 March 2036 I-44-B Variable(1) $48,575,619.35 March 2036 A-I Variable(1) $22,500,026.02 March 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2006-Ks2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing aggregate shall evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund shall consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will shall elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carryover Reserve Account, the Swap Account, the Group II Swap Agreement and the Interest Rate Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will shall be designated as “REMIC I”. I.” The Class R-1 Certificates will R-I Interest shall be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will shall be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA I Variable(2) $ 395,429,412.86 September 365.03 August 25, 2035 I-1-A Variable(2) $ 2,836,590.00 September 3,854,208.93 August 25, 2035 M-1 I-1-B Variable(2) $ 427,710.00 September 3,854,208.93 August 25, 2035 M-2 I-2-B Variable(2) $ 74,650.00 September 4,960,775.24 August 25, 2035 M-3 I-3-B Variable(2) $ 121,050.00 September 6,065,114.24 August 25, 2035 M-4 I-4-B Variable(2) $ 90,790.00 September 7,159,083.19 August 25, 2035 M-5 I-5-B Variable(2) $ 64,560.00 September 8,233,977.34 August 25, 2035 B-1 I-6-B Variable(2) $ 88,770.00 September 9,280,867.70 August 25, 2035 B-2 I-7-B Variable(2) $ 60,520.00 September 10,290,712.69 August 25, 2035 B-3 I-8-B Variable(2) $ 66,580.00 September 11,241,054.44 August 25, 2035 B-4 I-9-B Variable(2) $ 199,730.00 September 12,110,442.20 August 25, 2035 ZZ I-10-A Variable(2) $ 4,039,038.02 September 12,667,671.27 August 25, 2035 I-10-B Variable(2) $ 12,667,671.27 August 25, 2035 I-11-A Variable(2) $ 13,162,944.66 August 25, 2035 I-11-B Variable(2) $ 13,162,944.66 August 25, 2035 I-12-B Variable(2) $ 12,625,646.24 August 25, 2035 I-13-A Variable(2) $ 12,110,371.73 August 25, 2035 I-13-B Variable(2) $ 12,110,371.73 August 25, 2035 I-14-A Variable(2) $ 11,616,351.21 August 25, 2035 I-14-B Variable(2) $ 11,616,351.21 August 25, 2035 I-15-B Variable(2) $ 11,142,699.58 August 25, 2035 I-16-B Variable(2) $ 10,688,572.15 August 25, 2035 I-17-B Variable(2) $ 10,253,154.31 August 25, 2035 I-18-A Variable(2) $ 9,835,671.83 August 25, 2035 I-18-B Variable(2) $ 9,835,671.83 August 25, 2035 I-19-A Variable(2) $ 9,435,377.10 August 25, 2035 I-19-B Variable(2) $ 9,435,377.10 August 25, 2035 I-20-A Variable(2) $ 9,051,559.49 August 25, 2035 I-20-B Variable(2) $ 9,051,559.49 August 25, 2035 I-21-A Variable(2) $ 9,343,040.79 August 25, 2035 I-21-B Variable(2) $ 9,343,040.79 August 25, 2035 I-23-B Variable(2) $ 23,669,138.52 August 25, 2035 I-24-B Variable(2) $ 20,349,895.87 August 25, 2035 I-25-B Variable(2) $ 17,197,778.89 August 25, 2035 I-26-A Variable(2) $ 14,784,718.45 August 25, 2035 I-26-B Variable(2) $ 14,784,718.45 August 25, 2035 I-27-A Variable(2) $ 5,238,722.53 August 25, 2035 I-27-B Variable(2) $ 5,238,722.53 August 25, 2035 I-28-A Variable(2) $ 5,004,347.87 August 25, 2035 I-28-B Variable(2) $ 5,004,347.87 August 25, 2035 I-29-A Variable(2) $ 4,781,985.40 August 25, 2035 I-29-B Variable(2) $ 4,781,985.40 August 25, 2035 I-30-A Variable(2) $ 4,569,736.06 August 25, 2035 I-30-B Variable(2) $ 4,569,736.06 August 25, 2035 I-32-B Variable(2) $ 4,174,076.41 August 25, 2035 I-33-A Variable(2) $ 3,989,696.81 August 25, 2035 I-33-B Variable(2) $ 3,989,696.81 August 25, 2035 I-34-B Variable(2) $ 3,813,668.77 August 25, 2035 I-35-A Variable(2) $ 3,645,672.63 August 25, 2035 I-35-B Variable(2) $ 3,645,672.63 August 25, 2035 I-36-A Variable(2) $ 3,484,562.93 August 25, 2035 I-36-B Variable(2) $ 3,484,562.93 August 25, 2035 I-37-B Variable(2) $ 3,331,627.77 August 25, 2035 I-38-A Variable(2) $ 3,185,633.20 August 25, 2035 I-38-B Variable(2) $ 3,185,633.20 August 25, 2035 I-39-A Variable(2) $ 3,046,256.98 August 25, 2035 I-39-B Variable(2) $ 3,046,256.98 August 25, 2035 I-40-A Variable(2) $ 2,913,193.18 August 25, 2035 I-40-B Variable(2) $ 2,913,193.18 August 25, 2035 I-41-A Variable(2) $ 2,786,145.36 August 25, 2035 I-41-B Variable(2) $ 2,786,145.36 August 25, 2035 I-42-A Variable(2) $ 2,664,837.68 August 25, 2035 I-42-B Variable(2) $ 2,664,837.68 August 25, 2035 I-43-A Variable(2) $ 2,549,002.04 August 25, 2035 I-43-B Variable(2) $ 2,549,002.04 August 25, 2035 I-44-A Variable(2) $ 2,438,384.93 August 25, 2035 I-44-B Variable(2) $ 2,438,384.93 August 25, 2035 I-45-A Variable(2) $ 2,332,745.77 August 25, 2035 I-45-B Variable(2) $ 2,332,745.77 August 25, 2035 I-46-B Variable(2) $ 2,231,855.10 August 25, 2035 I-47-A Variable(2) $ 2,135,489.53 August 25, 2035 I-47-B Variable(2) $ 2,135,489.53 August 25, 2035 I-48-A Variable(2) $ 2,043,445.38 August 25, 2035 I-48-B Variable(2) $ 2,043,445.38 August 25, 2035 I-49-A Variable(2) $ 1,955,520.72 August 25, 2035 I-49-B Variable(2) $ 1,955,520.72 August 25, 2035 I-50-A Variable(2) $ 1,871,524.80 August 25, 2035 I-50-B Variable(2) $ 1,871,524.80 August 25, 2035 I-51-A Variable(2) $ 1,791,279.73 August 25, 2035 I-51-B Variable(2) $ 1,791,279.73 August 25, 2035 I-52-A Variable(2) $ 41,996,823.23 August 25, 2035 I-52-B Variable(2) $ 41,996,823.23 August 25, 2035 II Variable(2) $ 165.97 August 25, 2035 II-1-A Variable(2) $ 1,752,388.57 August 25, 2035 II-1-B Variable(2) $ 1,752,388.57 August 25, 2035 II-2-A Variable(2) $ 2,255,509.76 August 25, 2035 II-2-B Variable(2) $ 2,255,509.76 August 25, 2035 II-3-A Variable(2) $ 2,757,618.26 August 25, 2035 II-3-B Variable(2) $ 2,757,618.26 August 25, 2035 II-4-A Variable(2) $ 3,255,011.81 August 25, 2035 II-4-B Variable(2) $ 3,255,011.81 August 25, 2035 II-5-A Variable(2) $ 3,743,732.66 August 25, 2035 II-5-B Variable(2) $ 3,743,732.66 August 25, 2035 II-6-A Variable(2) $ 4,219,721.05 August 25, 2035 II-6-B Variable(2) $ 4,219,721.05 August 25, 2035 II-7-A Variable(2) $ 4,678,866.06 August 25, 2035 II-7-B Variable(2) $ 4,678,866.06 August 25, 2035 II-8-A Variable(2) $ 5,110,956.81 August 25, 2035 II-8-B Variable(2) $ 5,110,956.81 August 25, 2035 II-9-A Variable(2) $ 5,506,240.30 August 25, 2035 II-9-B Variable(2) $ 5,506,240.30 August 25, 2035 II-10-A Variable(2) $ 5,759,594.98 August 25, 2035 II-10-B Variable(2) $ 5,759,594.98 August 25, 2035 II-11-A Variable(2) $ 5,984,780.34 August 25, 2035 II-11-B Variable(2) $ 5,984,780.34 August 25, 2035 II-12-A Variable(2) $ 5,740,487.51 August 25, 2035 II-12-B Variable(2) $ 5,740,487.51 August 25, 2035 II-13-A Variable(2) $ 5,506,208.27 August 25, 2035 II-13-B Variable(2) $ 5,506,208.27 August 25, 2035 II-14-A Variable(2) $ 5,281,592.54 August 25, 2035 II-14-B Variable(2) $ 5,281,592.54 August 25, 2035 II-15-A Variable(2) $ 5,066,237.92 August 25, 2035 II-15-B Variable(2) $ 5,066,237.92 August 25, 2035 II-16-A Variable(2) $ 4,859,760.35 August 25, 2035 II-16-B Variable(2) $ 4,859,760.35 August 25, 2035 II-17-A Variable(2) $ 4,661,789.44 August 25, 2035 II-17-B Variable(2) $ 4,661,789.44 August 25, 2035 II-18-A Variable(2) $ 4,471,973.17 August 25, 2035 II-18-B Variable(2) $ 4,471,973.17 August 25, 2035 II-19-A Variable(2) $ 4,289,971.65 August 25, 2035 II-19-B Variable(2) $ 4,289,971.65 August 25, 2035 II-20-A Variable(2) $ 4,115,461.76 August 25, 2035 II-20-B Variable(2) $ 4,115,461.76 August 25, 2035 II-21-A Variable(2) $ 4,247,989.21 August 25, 2035 II-21-B Variable(2) $ 4,247,989.21 August 25, 2035 II-22-B Variable(2) $ 4,087,781.59 August 25, 2035 II-23-A Variable(2) $ 10,761,618.98 August 25, 2035 II-23-B Variable(2) $ 10,761,618.98 August 25, 2035 II-24-A Variable(2) $ 9,252,462.88 August 25, 2035 II-24-B Variable(2) $ 9,252,462.88 August 25, 2035 II-25-A Variable(2) $ 7,819,293.61 August 25, 2035 II-25-B Variable(2) $ 7,819,293.61 August 25, 2035 II-26-A Variable(2) $ 6,722,150.30 August 25, 2035 II-26-B Variable(2) $ 6,722,150.30 August 25, 2035 II-27-A Variable(2) $ 2,381,883.72 August 25, 2035 II-27-B Variable(2) $ 2,381,883.72 August 25, 2035 II-28-A Variable(2) $ 2,275,320.88 August 25, 2035 II-28-B Variable(2) $ 2,275,320.88 August 25, 2035 II-29-A Variable(2) $ 2,174,219.60 August 25, 2035 II-29-B Variable(2) $ 2,174,219.60 August 25, 2035 II-30-A Variable(2) $ 2,077,716.44 August 25, 2035 II-30-B Variable(2) $ 2,077,716.44 August 25, 2035 II-31-A Variable(2) $ 1,985,665.29 August 25, 2035 II-31-B Variable(2) $ 1,985,665.29 August 25, 2035 II-32-A Variable(2) $ 1,897,822.34 August 25, 2035 II-32-B Variable(2) $ 1,897,822.34 August 25, 2035 II-33-A Variable(2) $ 1,813,990.69 August 25, 2035 II-33-B Variable(2) $ 1,813,990.69 August 25, 2035 II-34-A Variable(2) $ 1,733,956.23 August 25, 2035 II-34-B Variable(2) $ 1,733,956.23 August 25, 2035 II-35-A Variable(2) $ 1,657,573.62 August 25, 2035 II-35-B Variable(2) $ 1,657,573.62 August 25, 2035 II-36-A Variable(2) $ 1,584,322.07 August 25, 2035 II-36-B Variable(2) $ 1,584,322.07 August 25, 2035 II-37-B Variable(2) $ 1,514,787.23 August 25, 2035 II-38-A Variable(2) $ 1,448,408.05 August 25, 2035 II-38-B Variable(2) $ 1,448,408.05 August 25, 2035 II-39-A Variable(2) $ 1,385,038.02 August 25, 2035 II-39-B Variable(2) $ 1,385,038.02 August 25, 2035 II-40-A Variable(2) $ 1,324,538.07 August 25, 2035 II-40-B Variable(2) $ 1,324,538.07 August 25, 2035 II-41-A Variable(2) $ 1,266,773.39 August 25, 2035 II-41-B Variable(2) $ 1,266,773.39 August 25, 2035 II-42-A Variable(2) $ 1,211,618.57 August 25, 2035 II-42-B Variable(2) $ 1,211,618.57 August 25, 2035 II-43-A Variable(2) $ 1,158,951.71 August 25, 2035 II-43-B Variable(2) $ 1,158,951.71 August 25, 2035 II-44-A Variable(2) $ 1,108,657.57 August 25, 2035 II-44-B Variable(2) $ 1,108,657.57 August 25, 2035 II-45-A Variable(2) $ 1,060,626.73 August 25, 2035 II-45-B Variable(2) $ 1,060,626.73 August 25, 2035 II-46-B Variable(2) $ 1,014,754.90 August 25, 2035 II-47-A Variable(2) $ 970,940.47 August 25, 2035 II-47-B Variable(2) $ 970,940.47 August 25, 2035 II-48-A Variable(2) $ 929,090.87 August 25, 2035 II-48-B Variable(2) $ 929,090.87 August 25, 2035 II-49-A Variable(2) $ 889,114.28 August 25, 2035 II-49-B Variable(2) $ 889,114.28 August 25, 2035 II-50-A Variable(2) $ 850,923.95 August 25, 2035 II-50-B Variable(2) $ 850,923.95 August 25, 2035 II-51-A Variable(2) $ 814,439.02 August 25, 2035 II-51-B Variable(2) $ 814,439.02 August 25, 2035 II-52-A Variable(2) $ 19,094,645.52 August 25, 2035 II-52-B Variable(2) $ 19,094,645.52 August 25, 2035 ______________________________________
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Final Maturity Reserve Fund and the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE ----------- ----------------- ----------------- ------------- AA Variable(1) AA Variable(2) $ 395,429,412.86 September $906,500,619.40 July 25, 2035 A Variable(22036 A-1 Variable(1) $ 2,836,590.00 September $3,813,430 July 25, 2035 M-1 Variable(22036 A-2 Variable(1) $ 427,710.00 September $1,011,260 July 25, 2035 M-2 Variable(22036 A-3 Variable(1) $ 74,650.00 September $1,767,510 July 25, 2035 M-3 Variable(22036 A-4 Variable(1) $ 121,050.00 September $738,390 July 25, 2035 M-4 Variable(22036 M-1 Variable(1) $ 90,790.00 September $323,750 July 25, 2035 M-5 Variable(22036 M-2 Variable(1) $ 64,560.00 September $356,130 July 25, 2035 B-1 Variable(22036 M-3 Variable(1) $ 88,770.00 September $161,880 July 25, 2035 B-2 Variable(22036 M-4 Variable(1) $ 60,520.00 September $152,630 July 25, 2035 B-3 Variable(22036 M-5 Variable(1) $ 66,580.00 September $143,380 July 25, 2035 B-4 Variable(22036 M-6 Variable(1) $ 199,730.00 September $87,880 July 25, 2035 ZZ Variable(22036 M-7 Variable(1) $ 4,039,038.02 September $106,380 July 25, 2035 ______________________________________2036 M-8 Variable(1) $87,880 July 25, 2036 M-9 Variable(1) $124,880 July 25, 2036 ZZ Variable(1) $9,624,632.70 July 25, 2036 LTX Variable(1) N/A(2) July 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rs4 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I ------- As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fundany Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Interest Coverage Accounts, any Subsequent Mortgage Loan Interest, the Net WAC Rate Carryover Reserve Account and the Interest Coverage AccountCap Contracts) subject to this Agreement as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation Section regulation section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Uncertificated Balance ($) Maturity Date (1Date(1) AA ----------- --------------- -------------------------- ---------------- I-LT1 Variable(2) $ 395,429,412.86 September 1,025,563,660.83 November 25, 2035 A 2034 I-LT1PF Variable(2) $ 2,836,590.00 September 293,018,120.89 November 25, 2035 M-1 2034 I-LT2 Variable(0) 374,434,803.99 November 25, 2034 I-LT2PF Variable(2) $ 427,710.00 September 106,983,414.29 November 25, 2035 M-2 Variable(22034 I-LTP Variable(0) $ 74,650.00 September 100.00 November 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2034
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carryover Reserve Account and the Cap Contracts) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I.” The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA I-LTAA Variable(2) $ 395,429,412.86 September 909,181,016.39 April 25, 2035 A I-LTA1C Variable(2) $ 2,836,590.00 September 1,445,310.00 Xxxxx 00, 0000 X-XXX0X Variable(2) $ 631,570.00 April 25, 2035 M-1 I-LTM1 Variable(2) $ 427,710.00 September 412,840.00 April 25, 2035 M-2 I-LTM2 Variable(2) $ 74,650.00 September 296,880.00 April 25, 2035 M-3 I-LTM3 Variable(2) $ 121,050.00 September 176,270.00 April 25, 2035 M-4 I-LTM4 Variable(2) $ 90,790.00 September 166,990.00 April 25, 2035 M-5 I-LTM5 Variable(2) $ 64,560.00 September 153,080.00 April 25, 2035 B-1 I-LTM6 Variable(2) $ 88,770.00 September 139,160.00 April 25, 2035 B-2 I-LTM7 Variable(2) $ 60,520.00 September 129,880.00 April 25, 2035 B-3 I-LTM8 Variable(2) $ 66,580.00 September 111,330.00 April 25, 2035 B-4 I-LTM9 Variable(2) $ 199,730.00 September 74,220.00 April 25, 2035 ZZ I-LTM10 Variable(2) $ 4,039,038.02 September 60,300.00 April 25, 2035 I-LTM11 Variable(2) $ 92,770.00 April 25, 2035 I-LTZZ Variable(2) $ 9,518,574.62 Xxxxx 00, 0000 X-XXX Variable(2) $ 100.00 April 25, 2035 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust, Series 2005-Opt3)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I ------- As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Master Servicer Prepayment Charge Payment Amount, the Net WAC Rate Carryover Reserve Account, the Cap Contract and the Class A-3 Cap Contract) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation Section regulation section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date (1Date(1) AA ----------- --------------- ---------------------- ---------------- I-LTAA Variable(2) $325,081,801.94 May 2033 I-LTA1 Variable(2) $ 395,429,412.86 September 25, 2035 A 1,538,695.00 May 2033 I-LTA2 Variable(2) $ 2,836,590.00 September 25, 2035 M-1 818,390.00 May 2033 I-LTA3 Variable(2) $ 427,710.00 September 25, 2035 M-2 528,735.00 May 2033 I-LTM1 Variable(2) $ 74,650.00 September 25, 2035 M-3 152,630.00 May 2033 I-LTM2 Variable(2) $ 121,050.00 September 25, 2035 M-4 116,135.00 May 2033 I-LTM3 Variable(2) $ 90,790.00 September 25, 2035 M-5 66,360.00 May 2033 I-LTM4 Variable(2) $ 64,560.00 September 25, 2035 B-1 33,180.00 May 2033 I-LTM5 Variable(2) $ 88,770.00 September 25, 2035 B-2 33,180.00 May 2033 I-LTZZ Variable(2) $ 60,520.00 September 25, 2035 B-3 3,347,017.49 May 2033 I-XXX Variable(2) $ 66,580.00 September 25, 2035 B-4 100.00 May 2033 I-1SUB Variable(2) $ 199,730.00 September 25, 2035 ZZ 4,604.25 May 2033 I-1GRP Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________35,378.15 May 2033 I-2SUB Variable(2) $ 2,442.46 May 2033 I-2GRP Variable(2) $ 18,810.26 May 2033 I-3SUB Variable(2) $ 1,580.12 May 2033 I-3GRP Variable(2) $ 12,154.82 May 2033 I-XX Variable(2) $331,641,154.36 May 2033
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Mastr Pass Thru Ser 2003-Opt2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior The Trust Fund is being conveyed to the Closing Date, Trustee to create a trust for the Depositor acquired benefit of the Initial Mortgage Loans from Certificateholders. The Trust Fund for federal income tax purposes will consist of two REMICs. The Lower-Tier REMIC will consist of all of the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to assets constituting the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, Lower-Tier REMIC Regular Interests and proceeds thereof in the PreDistribution Account) and will be evidenced by the Lower-Funding Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class A-LR Interest as the single "residual interest" in the Lower-Tier REMIC. The Trustee shall hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class A-UR Interest Coverage Account) as a REMIC (as defined herein) the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes, and such segregated pool purposes of assets all interests created hereby will be designated as “REMIC I”the Latest Possible Maturity Date. The Class R-1 A-R Certificates will be represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of Class A-LR Interest and the REMIC Provisions (as defined herein)Class A-UR Interest. The following table irrevocably sets forth characteristics of the designationCertificates, together with the Uncertificated REMIC I minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): Initial Class Integral Principal Initial Multiples in Balance or Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes Minimum Excess of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I PassNotional Amount Rate Denomination Minimum --------------- ------------ ------------ ------------ Class 1-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date A-1 $93,101,000 6.500% $25,000 $1 Class 2-A-1 $54,701,000 6.500% $25,000 $1 Class 3-A-1 111,531,000 6.000% $25,000 $1 Class 4-A-1 315,640,000 5.500% $25,000 $1 Class 5-A-1 124,230,000 5.000% $25,000 $1 Class 6-A-1 130,362,000 6.000% $25,000 $1 Class 7-A-1 128,550,000 5.000% $25,000 $1 Class 8-A-1 32,766,000 5.500% $25,000 $1 Class 15-PO 1,821,350 (1) AA Variable(2$25,000 $1 Class 30-PO 3,037,521 (1) $ 395,429,412.86 September 25, 2035 $25,000 $1 Class 15-A-X 23,946,361(2) 5.000% $100,000 $1 Class 30-A-X 48,642,029(3) 6.500% $100,000 $1 Class A-R $100 $100 N/A Variable(2Class 15-B-1 5,414,000 5.000% $25,000 $1 Class 15-B-2 1,453,000 5.000% $25,000 $1 Class 15-B-3 1,188,000 5.000% $25,000 $1 Class 15-B-4 396,000 5.000% $25,000 $1 Class 15-B-5 528,000 5.000% $25,000 $1 Class 15-B-6 529,297 5.000% $25,000 $1 Class 30-B-1 25,062,000 (4) $ 2,836,590.00 September 25, 2035 M-1 Variable(2$25,000 $1 Class 30-B-2 10,741,000 (4) $ 427,710.00 September 25, 2035 M-2 Variable(2$25,000 $1 Class 30-B-3 7,161,000 (4) $ 74,650.00 September 25, 2035 M-3 Variable(2$25,000 $1 Class 30-B-4 4,376,000 (4) $ 121,050.00 September 25, 2035 M-4 Variable(2$25,000 $1 Class 30-B-5 3,580,000 (4) $ 90,790.00 September 25, 2035 M-5 Variable(2$25,000 $1 Class 30-B-6 3,581,380 (4) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________$25,000 $1 ------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mastr Alt Loan Tr 2003-5)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fourteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Hedge Agreements) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated ----------------------- REMIC I Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1LT1 Variable(1) AA Variable(2$279,949,637.05 December 25, 2034 LT2 Variable(1) $ 395,429,412.86 September 5,527.51 December 25, 2035 A Variable(22034 LT3 Variable(1) $ 2,836,590.00 September 22,472.50 December 25, 2035 M-1 Variable(22034 LT4 Variable(1) $ 427,710.00 September 22,472.50 December 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2034
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2004-Rz4 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make multiple elections to treat the segregated pool pools of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement for federal income tax purposes (other than the Reserve FundAdditional Collateral, the Pre-Funding Account Corridor Contracts and the Interest Coverage Accountassets held in the Reserve Funds) as the following five separate real estate mortgage investment conduits (each, a "REMIC"): REMIC 1A, REMIC 1B, REMIC 2, REMIC 3 and the Master REMIC. REMIC 1A will consist of the Mortgage Loans comprising Loan Group 1, 2 and 3 excluding any rights of the Trust Fund in respect of the Additional Collateral and the Corridor Contracts and the assets held in the Reserve Funds. REMIC 1B will consist of the Mortgage Loans comprising Loan Group 4, excluding any rights of the Trust Fund in respect of the Additional Collateral and the Corridor Contracts and the assets held in the Reserve Funds. Each of REMIC 1A and REMIC 1B will issue uncertificated REMIC regular interests (the "REMIC 1A Regular Interests" and the "REMIC 1B Regular Interests", respectively, and collectively, the "REMIC 1 Regular Interests"). The REMIC 1A Regular Interests and REMIC 1B Regular Interests will represent the "regular interests" in REMIC 1A and REMIC 1B, respectively, and the Class R1A Interest and Class R1B Interest will represent the single Class of "residual interest" in each of REMIC 1A and REMIC 1B. The Trustee will hold the REMIC 1 Regular Interests for the benefit of REMIC 2. REMIC 2 will consist of the REMIC 1 Interests and will be evidenced by the REMIC 2 Regular Interests, which will constitute the regular interests in REMIC 2 (the "REMIC 2 Regular Interests") and the Class R2 Interest, which will represent the single Class of "residual interest" in REMIC 2. The Trustee will hold the REMIC 2 Regular Interests for the benefit of REMIC 3. REMIC 3 will consist of the REMIC 2 Interests and will be evidenced by the REMIC 3 Regular Interests, which will constitute the regular interests in REMIC 3 (the "REMIC 3 Regular Interests") and the Class R3 Interest, which will represent the single Class of "residual interest" in REMIC 3. The Trustee will hold the REMIC 3 Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the REMIC 3 Interests and will be evidenced by the Certificates (other than the Class A-R Certificates), which will constitute the regular interests in the Master REMIC (as defined hereinthe "Regular Certificates") and the Class MR Interest, which will represent the single Class of "residual interest" in the Master REMIC. The Class A-R Certificates will represent the beneficial ownership of each of the Class R1A, Class R1B, Class R2, R3 and Class MR Interests. The "latest possible maturity date" for federal income tax purposes, purposes of all regular and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates residual interests created hereunder will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date Date. REMIC 1A -------- Except as provided below, REMIC 1A will issue a single regular interest corresponding to each Mortgage Loan in Collateral Allocation Group 1, Collateral Allocation Group 2, Collateral Allocation Group 3 and Collateral Allocation Group 4 having a Net Mortgage Rate equal to that of its corresponding Mortgage Loan and allocated principal, interest and Realized Losses in the same manner as such items are allocated to their corresponding Mortgage Loans. REMIC 1A will issue a single regular interest corresponding to each Mortgage Loan in Loan Group 1 having a Net Mortgage Rate less than or equal to 5.00%, two regular interests (referred to collectively herein as the "Class 1-A Interests" and the "Class 1-B Interests") AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________for each Mortgage Loan in Loan Group 1 having a Net Mortgage Rate greater than 5.00% and less than 6.00% and a single regular interest for each Mortgage Loan in Loan Group 1 having a Net Mortgage Rate greater than 6.00%.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-7)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell home equity loan pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in [seventeen] Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the Distribution Date immediately succeeding the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities Ii Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in twenty classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED INITIAL UNCERTIFICATED REMIC I PassREMIC I ------------------ ----------------------------- LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE I-1-A Variable(1) AA Variable(2) $ 395,429,412.86 September $1,031,638.00 May 25, 2035 A Variable(2I-1-B Variable(1) $ 2,836,590.00 September $1,031,638.00 May 25, 2035 M-1 Variable(2I-2-A Variable(1) $ 427,710.00 September $1,488,802.00 May 25, 2035 M-2 Variable(2I-2-B Variable(1) $ 74,650.00 September $1,488,802.00 May 25, 2035 M-3 Variable(2I-3-A Variable(1) $ 121,050.00 September $1,999,988.50 May 25, 2035 M-4 Variable(2I-3-B Variable(1) $ 90,790.00 September $1,999,988.50 May 25, 2035 M-5 Variable(2I-4-A Variable(1) $ 64,560.00 September $2,512,921.50 May 25, 2035 B-1 Variable(2I-4-B Variable(1) $ 88,770.00 September $2,512,921.50 May 25, 2035 B-2 Variable(2I-5-A Variable(1) $ 60,520.00 September $3,023,294.50 May 25, 2035 B-3 Variable(2I-5-B Variable(1) $ 66,580.00 September $3,023,294.50 May 25, 2035 B-4 Variable(2I-6-A Variable(1) $ 199,730.00 September $3,526,586.50 May 25, 2035 ZZ Variable(2I-6-B Variable(1) $ 4,039,038.02 September $3,526,586.50 May 25, 2035 ______________________________________I-7-A Variable(1) $4,018,107.50 May 25, 2035 I-7-B Variable(1) $4,018,107.50 May 25, 2035
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eleven classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the Uncertificated "REMIC I Pass-Through Remittance Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Balance Maturity Date (1) AA Variable(2------------- ------------------------ ---------------------- ---------------------- LT1 Variable(1) $ 395,429,412.86 September 171,500,107.40 December 25, 2035 A Variable(22030 LT2 Variable(1) $ 2,836,590.00 September 232,930.00 December 25, 2035 M-1 Variable(22030 LT3 Variable(1) $ 427,710.00 September 274,380.00 December 25, 2035 M-2 Variable(22030 LT4 Variable(1) $ 74,650.00 September 248,060.00 December 25, 2035 M-3 Variable(22030 LT5 Variable(1) $ 121,050.00 September 431,250.00 December 25, 2035 M-4 Variable(22030 LT6 Variable(1) $ 90,790.00 September 344,630.00 December 25, 2035 M-5 Variable(22030 LT7 Variable(1) $ 64,560.00 September 105,000.00 December 25, 2035 B-1 Variable(22030 LT8 Variable(1) $ 88,770.00 September 56,880.00 December 25, 2035 B-2 Variable(22030 LT9 Variable(1) $ 60,520.00 September 48,120.00 December 25, 2035 B-3 Variable(22030 LT10 Variable(1) $ 66,580.00 September 1,758,752.20 December 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2030
Appears in 1 contract
Samples: Custodial Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundMortgage Loans (as defined herein. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans Trust Fund, and certain other related assets subject to this Agreement (other than including the Reserve FundMortgage Loans), the Pre-Funding Account and the Interest Coverage Account) as three real estate mortgage investment conduits (each, a REMIC (as defined herein"REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes terms and provisions of the REMIC Provisions (Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Standard Terms, the terms and provisions of this Series Supplement shall govern. All capitalized terms not otherwise defined herein)herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I type, Pass-Through Rate, the aggregate Initial Certificate Principal Balance, Maturity Date, initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ratings and certain features for each Class of Certificates comprising the REMIC I Regular Interests (as defined herein). None of interests in the REMIC I Regular Interests will be certificatedTrust Fund created hereunder. Designation Uncertificated REMIC I Pass-Through Aggregate Features(1) Maturity Fitch/ Minimum Rate Initial Uncertificated Date Xxxxx'x/S&P Denomina- Certificate tions(2) Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 ----------- ------ ------------ ------------------ -------- ---------- -------------- I-A-1 5.25% Senior/Fixed Rate September AAA/Aaa/NA $25,000.00 125,510,000.00 25, 2020 II-A-1 6.00% Senior/Fixed Rate September AAA/NA/AAA $25,000.00 115,613,000.00 25, 2035 A Variable(2) $ 2,836,590.00 III-A-1 6.00% Senior/Super September AAA/NA/AAA $25,000.00 220,000,000.00 Senior/Fixed Rate 25, 2035 M-1 Variable(2) $ 427,710.00 III-A-2 6.00% Senior/Senior September AAA/NA/AAA $25,000.00 10,000,000.00 Support/Fixed Rate 25, 2035 M-2 Variable(2) $ 74,650.00 III-A-3 6.00% Senior/Fixed Rate September AAA/NA/AAA $25,000.00 104,601,000.00 25, 2035 M-3 Variable(2I-A-P 0.00% Senior/Principal September AAA/Aaa/NA $25,000.00 1,302,649.20 Only 25, 2020 I-A-V Variable 0.00 Senior//Interest September AAA/Aaa/NA $2,000,000.00 Rate(3) $ 121,050.00 Only/Variable Rate 25, 2020 II-A-P 0.00% Senior/Principal September AAA/NA/AAA $25,000.00 7,998,673.73 Only 25, 2035 M-4 Variable(2II-A-V Variable 0.00 Senior//Interest September AAA/NA/AAA $2,000,000.00 Rate(4) $ 90,790.00 September Only/Variable Rate 25, 2035 M-5 Variable(2) $ 64,560.00 September Class R-I 5.25% $100.00 Senior/Residual/FixedSeptember AAA/Aaa/NA 75 Rate 25, 2020 Class R-II 6.00% $50.00 Senior/Residual/FixedSeptember AAA/NA/AAA 5 Rate 25, 2035 B-1 Variable(2) $ 88,770.00 September Class R-III 6.00% $50.00 Senior/Residual/FixedSeptember AAA/NA/AAA 5 Rate 25, 2035 B-2 Variable(2) $ 60,520.00 Class I-M-1 5.25% Mezzanine/Fixed September AA/NA/NA $25,000.00 $2,881,400.00 Rate 25, 2020 Class I-M-2 5.25% $327,400.00 Mezzanine/Fixed September A/NA/NA $250,000.00 Rate 25, 2020 Class I-M-3 5.25% $392,900.00 Mezzanine/Fixed September BBB/NA/NA $250,000.00 Rate 25, 2020 Class 6.00% Mezzanine/Fixed September NA/NA/AA $25,000.00 II-M-1 $11,637,900.00 Rate 25, 2035 B-3 Variable(2) $ 66,580.00 Class 6.00% Mezzanine/Fixed September NA/NA/A $250,000.00 II-M-2 $5,333,700.00 Rate 25, 2035 B-4 Variable(2) $ 199,730.00 Class 6.00% Mezzanine/Fixed September NA/NA/BBB $250,000.00 II-M-3 $2,909,300.00 Rate 25, 2035 ZZ Variable(2) $ 4,039,038.02 Class I-B-1 5.25% $196,400.00 Subordinate/Fixed September BB/NA/NA 2 Rate 25, 2020 Class I-B-2 5.25% $130,900.00 Subordinate/Fixed September B/NA/NA 2 Rate 25, 2020 Class I-B-3 5.25% $196,455.55 Subordinate/Fixed September NA/NA/NA 2 Rate 25, 2020 Class 6.00% Subordinate/Fixed September NA/NA/BB $250,000.00 II-B-1 $2,909,300.00 Rate 25, 2035 ______________________________________Class 6.00% Subordinate/Fixed September NA/NA/B $250,000.00 II-B-2 $2,182,000.00 Rate 25, 2035 Class 6.00% Subordinate/Fixed September NA/NA/NA $250,000.00 II-B-3 $1,697,095.41 Rate 25, 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Accredit Loans Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eight classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in a trust fund (the "Trust Fund. On or prior to any Subsequent Transfer Date, ") consisting primarily of the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Latest Possible Pass-Through Rate Initial Principal Balance Maturity Date LTA Variable(1) $407,000,869 June 25, 2033 LTB1 Variable(1) $11,000,000 July 25, 2003 LTB2 Variable(1) $11,000,000 August 25, 2003 LTB3 Variable(1) $10,000,000 September 25, 2003 LTB4 Variable(1) $9,000,000 October 25, 2003 LTB5 Variable(1) $8,000,000 November 25, 2003 LTB6 Variable(1) $9,000,000 December 25, 2003 LTB7 Variable(1) $7,000,000 January 25, 2004 LTB8 Variable(1) $8,000,000 February 25, 2004 LTB9 Variable(1) $7,000,000 March 25, 2004 LTB10 Variable(1) $6,000,000 April 25, 2004 LTB11 Variable(1) $6,000,000 May 25, 2004 LTB12 Variable(1) $6,000,000 June 25, 2004 LTB13 Variable(1) $5,000,000 July 25, 2004 LTB14 Variable(1) $5,000,000 August 25, 2004 LTB15 Variable(1) $5,000,000 September 25, 2004 LTB16 Variable(1) $5,000,000 October 25, 2004 LTB17 Variable(1) $4,000,000 November 25, 2004 LTB18 Variable(1) $4,000,000 December 25, 2004 LTB19 Variable(1) $4,000,000 January 25, 2005 LTB20 Variable(1) $4,000,000 February 25, 2005 LTB21 Variable(1) $3,000,000 March 25, 2005 LTB22 Variable(1) $3,000,000 April 25, 2005 LTB23 Variable(1) $3,000,000 May 25, 2005 LTB24 Variable(1) $3,000,000 June 25, 2005 LTB25 Variable(1) $3,000,000 July 25, 2005 LTB26 Variable(1) $2,000,000 August 25, 2005 LTB27 Variable(1) $3,000,000 September 25, 2005 LTB28 Variable(1) $2,000,000 October 25, 2005 LTB29 Variable(1) $2,000,000 November 25, 2005 LTB30 Variable(1) $35,000,000 December 25, 2005 ------------ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests and certain other related assets subject to this Agreement as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC II Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC II (the "REMIC II Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC II Regular Interest shall be the Maturity Date. None of the REMIC II Regular Interests will be certificated. Designation Uncertificated REMIC II Initial Uncertificated Latest Possible Pass-Through Rate Principal Balance Maturity Date (1LT1 Variable(1) AA $599,896,569.55 June 25, 2033 LT2 Variable(1) $15,700.73 June 25, 2033 LT3 Variable(1) $44,299.36 June 25, 2033 LT4 Variable(1) $44,299.36 June 25, 2033 LTA-IO1 Variable(2) $ 395,429,412.86 N/A(3) July 25, 2003 LTA-IO2 Variable(2) N/A(3) August 25, 2003 LTA-IO3 Variable(2) N/A(3) September 25, 2035 A 2003 LTA-IO4 Variable(2) $ 2,836,590.00 N/A(3) October 25, 2003 LTA-IO5 Variable(2) N/A(3) November 25, 2003 LTA-IO6 Variable(2) N/A(3) December 25, 2003 LTA-IO7 Variable(2) N/A(3) January 25, 2004 LTA-IO8 Variable(2) N/A(3) February 25, 2004 LTA-IO9 Variable(2) N/A(3) March 25, 2004 LTA-IO10 Variable(2) N/A(3) April 25, 2004 LTA-IO11 Variable(2) N/A(3) May 25, 2004 LTA-IO12 Variable(2) N/A(3) June 25, 2004 LTA-IO13 Variable(2) N/A(3) July 25, 2004 LTA-IO14 Variable(2) N/A(3) August 25, 2004 LTA-IO15 Variable(2) N/A(3) September 25, 2035 M-1 2004 LTA-IO16 Variable(2) $ 427,710.00 N/A(3) October 25, 2004 LTA-IO17 Variable(2) N/A(3) November 25, 2004 LTA-IO18 Variable(2) N/A(3) December 25, 2004 LTA-IO19 Variable(2) N/A(3) January 25, 2005 LTA-IO20 Variable(2) N/A(3) February 25, 2005 LTA-IO21 Variable(2) N/A(3) March 25, 2005 LTA-IO22 Variable(2) N/A(3) April 25, 2005 LTA-IO23 Variable(2) N/A(3) May 25, 2005 LTA-IO24 Variable(2) N/A(3) June 25, 2005 LTA-IO25 Variable(2) N/A(3) July 25, 2005 LTA-IO26 Variable(2) N/A(3) August 25, 2005 LTA-IO27 Variable(2) N/A(3) September 25, 2035 M-2 2005 LTA-IO28 Variable(2) $ 74,650.00 September N/A(3) October 25, 2035 M-3 2005 LTA-IO29 Variable(2) $ 121,050.00 September N/A(3) November 25, 2035 M-4 2005 LTA-IO30 Variable(2) $ 90,790.00 September N/A(3) December 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2005
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
