PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and 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 I.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be the sole class of “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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the 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 the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-A5), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-A5)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty classes of certificates, designated as (as defined herein)i) the Class I-A-1 Certificates, (ii) the Class II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) the Class II-A-3 Certificates, (v) the Class II-A-4 Certificates, (vi) the Class M-1 Certificates, (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class M-10 Certificates, (xvi) the Class M-11 Certificate, (xvii) the Class C Certificates, (xviii) the Class P Certificates, (xvix) the Class R Certificates and (xx) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Pre-Funding Accounts, any Subsequent Mortgage Loan Interest, the Net WAC Rate Carryover Reserve Account, any Servicer Prepayment Charge Payment Amounts, the Swap Account, the Supplemental Interest Trust and the Interest Rate Swap Agreement, ) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable (2LT1 Variable(2) $ 2,922,000.00 June 25, 2035 509,694,907.11 February 2037 LT1PF Variable(2) $ 185,365,645.51 February 2037 LT2 Variable(2) $ 590,304,841.03 February 2037 LT2PF Variable(2) $ 214,634,606.35 February 2037 ___________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2006-3), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2006-3)
PRELIMINARY STATEMENT. The Depositor intends is the owner of the Trust Fund that is hereby conveyed to sell mortgage pass-through certificates (collectivelythe Trustee in return for the Certificates. The Trust Fund for federal income tax purposes will consist of three separate REMICs, the “Certificates”), to be issued hereunder in multiple Classes, which in the aggregate each having assets as provided herein. The Certificates will evidence represent the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided herein, the Trustee The Regular Certificates will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and 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 I.” The REMIC I Regular Interests will be the represent “regular interests” in REMIC I and the Class R-I Certificates will be the sole class of “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 Trustee will make, in accordance with Section 9.12, a separate REMIC election with respect theretoUpper REMIC. 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, Uncertificated Class II-A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 R Certificates will be “regular interests” represent the residual interests in the Lower REMIC, Middle REMIC IIand Upper REMIC, 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 lawdescribed in Section 2.7. REMIC I The following table irrevocably sets forth the designation, the 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 federal income tax purposes of all REMIC regular interests created hereby will be the REMIC I Regular InterestsLatest Possible Maturity Date. The REMIC following table sets forth characteristics of the Certificates, together with the 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): Class Designation Initial Class Certificate Balance Initial Pass Through Rate Minimum Denomination Integral Multiples in Excess Minimum Class I-A-1 $ 25,000 $ 1,000 Class I-A-2 $ 25,000 $ 1,000 Class II-A-1 $ 25,000 $ 1,000 Class II-A-R $ 100 $ N/A Class III-A-1 $ 25,000 $ 1,000 Class IV-A-1 $ 25,000 $ 1,000 Class IV-A-2 $ 25,000 $ 1,000 Class B-1 $ 100,000 $ 1,000 Class B-2 $ 100,000 $ 1,000 Class B-3 $ 100,000 $ 1,000 Class B-4 $ 100,000 $ 1,000 Class B-5 $ 100,000 $ 1,000 Class B-6 $ 100,000 $ 1,000 Accretion Directed Certificates None. Accrual Certificates None. Accrual Components None. Book-Entry Certificates All Classes of Certificates other than the Physical Certificates. Certificate Group With respect to Pool I, the Group I Regular Interests Senior Certificates; with respect to Pool II, the Group II Senior Certificates; with respect to Pool III, the Group III Senior Certificates; and with respect to Pool IV, the Group IV Senior Certificates. COFI Certificates None. Component Certificates None. Components None. Delay Certificates All interest-bearing Classes of Certificates other than the Non-Delay Certificates, if any. ERISA-Restricted Certificates The Residual Certificates, Private Certificates and Certificates of any Class that no longer satisfy the applicable rating requirement of the Underwriters’ Exemption. Floating Rate Certificates None. Group I Senior Certificates The Class I-A-1 and Class I-A-2 Certificates. Group II Senior Certificates The Class II-A-1 and Class II-A-R Certificates. Group III Senior Certificates The Class III-A-1 Certificates. Group IV Senior Certificates The Class IV-A-1 and Class IV-A-2 Certificates. Insured Retail Certificates None. Inverse Floating Rate Certificates None. LIBOR Certificates None. Non-Delay Certificates None. Notional Amount Components None. Notional Amount Certificates None. Offered Certificates All Classes of the Certificates other than the Private Certificates. Physical Certificates The Residual Certificates and the Private Certificates. Planned Principal Classes None. Principal Only Certificates None. Private Certificates The Class B-4, Class B-5 and Class B-6 Certificates. Rating Agencies Fitch and Xxxxx’x; except that, for the purposes of the Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates, Fitch shall be the sole Rating Agency. The Class B-6 Certificates will not be certificatedrated. REMIC Regular Certificates All Classes of Certificates, other than the Residual Certificates. Residual Certificates The Class II-A-R Certificates. Scheduled Principal Classes None. Senior Certificates The Group I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Senior Certificates, the Group II Senior Certificates, the Group III Senior Certificates and the Group IV Senior Certificates, collectively. Senior Mezzanine Certificates The Class IV-A-2 Certificates. Subordinated Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates. Super Senior Certificates The Class IV-A-1 Certificates. Support Classes None. Targeted Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 Classes None. Underwriters ____________________ With respect to any of the foregoing designations as to which the corresponding reference is “None,” all defined terms and provisions herein relating solely to such designations shall be of no force or effect, and any calculations herein incorporating references to such designations shall be interpreted without reference to such designations and amounts. Defined terms and provisions herein relating to statistical rating agencies not designated above as Rating Agencies shall be of no force or effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Fund America Investors Corp Ii), Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which Certificates in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of eight classes of certificates, designated as (as defined herein)i) the Class A-1 Certificates, (ii) the Class A-2 Certificates, (iii) the Class A-3 Certificates, (iv) the Class M Certificates, (v) the Class B Certificates, (vi) the Class C Certificates, (vii) the Class P Certificates and (viii) the Class R Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, shall make an election to treat the entire segregated pool of assets described consisting of the Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Excess Reserve Fund Account and the other assets identified as excluded in accordance with the definition of “REMIC I (as defined 1” 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.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest represents the sole class of “residual interests” in REMIC I 1 for purposes of the REMIC Provisions (as defined herein) under the federal income tax lawProvisions. A segregated pool of assets consisting of the REMIC I Regular Interests will be designated as “REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable (2LT1AA Variable(2) $ 2,922,000.00 June 165,478,105.44 April 25, 2035 2012 LT1A1 Variable(2) $ 968,290.00 April 25, 2012 LT1A2 Variable(2) $ 490,450.00 April 25, 2012 LT1A3 Variable(2) $ 207,860.00 April 25, 2012 LT1M Variable(2) $ 7,590.00 April 25, 2012 LT1B Variable(2) $ 14,362.09 April 25, 2012 LT1ZZ Variable(2) $ 1,688,552.10 April 25, 2012 LT1P Variable(2) $ 100.00 April 25, 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 intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-two classes of certificates, designated as (as defined herein)i) the Class I-A-1 Certificates, (ii) the Class II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) the Class II-A-3 Certificates, (v) the Class II-A-4 Certificates, (vi) the Class M-1 Certificates, (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8A Certificates, (xiv) the Class M-8B Certificates, (xv) the Class M-9 Certificates, (xvi) the Class M-10 Certificates, (xvii) the Class C Certificates, (xviii) the Class P Certificates, (xix) the Class R Certificates, (xx) the Class R-X Certificates and (xxi) the Class X Certificates, (xxi) the Class X Certificates, (xxii) the Class FL Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Net WAC Rate Carryover Reserve Account, the Basis Risk Cap Agreement, the Interest Rate Cap Agreement, the Cap Account, the Cap Allocation Agreement, any Servicer Prepayment Charge Payment Amounts, the Swap Account, the Supplemental Interest Trust and the Interest Rate Swap Agreement) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 I Variable (2) $ 2,922,000.00 June 25, 2035 124,386,234.94 March 2037 I-11-B Variable (2) $ 6,032,302.50 March 2037 I-12-B Variable (2) $ 6,189,516.25 March 2037 I-13-B Variable (2) $ 28,924,417.50 March 2037 I-15-B Variable (2) $ 4,276,727.50 March 2037 I-17-B Variable (2) $ 7,221,091.25 March 2037 I-18-B Variable (2) $ 6,938,052.50 March 2037 I-19-B Variable (2) $ 3,800,918.75 March 2037 I-24-B Variable (2) $ 2,108,407.50 March 2037 I-25-B Variable (2) $ 3,591,075.00 March 2037 I-26-B Variable (2) $ 3,417,387.50 March 2037 I-27-B Variable (2) $ 1,786,016.25 March 2037 I-28-B Variable (2) $ 1,672,731.25 March 2037 I-29-B Variable (2) $ 1,620,861.25 March 2037 I-30-B Variable (2) $ 1,570,657.50 March 2037 I-33-B Variable (2) $ 1,429,482.50 March 2037 I-35-B Variable (2) $ 1,342,715.00 March 2037 I-36-B Variable (2) $ 1,301,391.25 March 2037 I-38-B Variable (2) $ 1,226,582.50 March 2037 I-39-B Variable (2) $ 1,197,820.00 March 2037 I-41-B Variable (2) $ 1,527,275.00 March 2037 I-42-A Variable (2) $ 1,800,310.00 March 2037 I-42-B Variable (2) $ 1,800,310.00 March 2037 I-43-B Variable (2) $ 1,131,718.75 March 2037 I-44-A Variable (2) $ 963,366.25 March 2037 I-44-B Variable (2) $ 963,366.25 March 2037 I-45-A Variable (2) $ 927,810.00 March 2037 I-45-B Variable (2) $ 927,810.00 March 2037 I-47-B Variable (2) $ 874,273.75 March 2037 I-48-B Variable (2) $ 849,963.75 March 2037 I-49-B Variable (2) $ 1,180,150.00 March 2037 I-50-B Variable (2) $ 1,053,035.00 March 2037 I-51-B Variable (2) $ 25,683,835.00 March 2037 P Variable (2) $ 100.00 March 2037 ___________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-1), Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-1)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of seventeen classes of certificates, designated as (as defined herein)i) the Class I-A-1 Certificates, (ii) the Class II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) the Class II-A-3 Certificates, (v) the Class M-1 Certificates, (vi) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (viii) the Class M-4 Certificates, (ix) the Class M-5 Certificates, (x) the Class M-6 Certificates, (xi) the Class M-7 Certificates, (xii) the Class M-8 Certificates, (xiii) the Class M-9 Certificates, (xiv) the Class C Certificates, (xv) the Class P Certificates, (xvi) the Class R Certificates and (xvii) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Net WAC Rate Carryover Reserve Account, any Servicer Prepayment Charge Payment Amounts, the Swap Account, the Supplemental Interest Trust and the Interest Rate Swap Agreement, ) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable (2I Variable(2) $ 2,922,000.00 June 43,200,091.53 March 25, 2035 ___________________2037 II Variable(2) $ 8,046,584.07 March 25, 2037 I-1-B Variable(2) $ 4,917,437.46 March 25, 2037 I-3-B Variable(2) $ 6,683,617.74 March 25, 2037 I-4-B Variable(2) $ 7,559,243.48 March 25, 2037 I-5-B Variable(2) $ 8,395,396.74 March 25, 2037 I-6-B Variable(2) $ 9,199,397.74 March 25, 2037 I-7-B Variable(2) $ 9,765,853.13 March 25, 2037 I-8-B Variable(2) $ 9,968,153.03 March 25, 2037 I-10-B Variable(2) $ 9,671,900.88 March 25, 2037 I-11-A Variable(2) $ 9,378,402.50 March 25, 2037 I-11-B Variable(2) $ 9,378,402.50 March 25, 2037 I-12-B Variable(2) $ 9,082,472.90 March 25, 2037 I-13-A Variable(2) $ 8,793,313.47 March 25, 2037 I-13-B Variable(2) $ 8,793,313.47 March 25, 2037 I-14-B Variable(2) $ 8,533,905.53 March 25, 2037 I-15-B Variable(2) $ 8,285,929.66 March 25, 2037 I-16-B Variable(2) $ 8,049,176.19 March 25, 2037 I-17-B Variable(2) $ 7,905,614.92 March 25, 2037 I-18-A Variable(2) $ 9,624,741.95 March 25, 2037 I-18-B Variable(2) $ 9,624,741.95 March 25, 2037 I-19-B Variable(2) $ 12,780,615.97 March 25, 2037 I-20-B Variable(2) $ 14,847,514.92 March 25, 2037 I-21-B Variable(2) $ 15,023,940.84 March 25, 2037 I-25-B Variable(2) $ 6,627,023.32 March 25, 2037 I-26-B Variable(2) $ 5,824,803.04 March 25, 2037 I-27-A Variable(2) $ 5,611,916.17 March 25, 2037 I-27-B Variable(2) $ 5,611,916.17 March 25, 2037 I-28-B Variable(2) $ 5,412,683.97 March 25, 2037 I-29-A Variable(2) $ 5,220,542.54 March 25, 2037 I-29-B Variable(2) $ 5,220,542.54 March 25, 2037 I-30-B Variable(2) $ 5,035,198.16 March 25, 2037 I-31-B Variable(2) $ 4,856,379.46 March 25, 2037 I-32-A Variable(2) $ 4,683,802.84 March 25, 2037 I-32-B Variable(2) $ 4,683,802.84 March 25, 2037 I-33-B Variable(2) $ 4,517,323.52 March 25, 2037 I-34-B Variable(2) $ 4,356,848.75 March 25, 2037 I-35-B Variable(2) $ 4,202,131.89 March 25, 2037 I-36-B Variable(2) $ 1,159,238.77 March 25, 2037 I-38-A Variable(2) $ 3,128,307.81 March 25, 2037 I-38-B Variable(2) $ 3,128,307.81 March 25, 2037 I-39-A Variable(2) $ 3,017,211.50 March 25, 2037 I-39-B Variable(2) $ 3,017,211.50 March 25, 2037 I-40-A Variable(2) $ 2,910,042.28 March 25, 2037 I-40-B Variable(2) $ 2,910,042.28 March 25, 2037 I-41-B Variable(2) $ 2,806,668.77 March 25, 2037 I-42-B Variable(2) $ 2,706,936.27 March 25, 2037 I-43-B Variable(2) $ 2,610,787.79 March 25, 2037 I-44-A Variable(2) $ 2,518,012.45 March 25, 2037 I-44-B Variable(2) $ 2,518,012.45 March 25, 2037 I-45-B Variable(2) $ 2,428,525.11 March 25, 2037 I-47-A Variable(2) $ 2,258,959.29 March 25, 2037 I-47-B Variable(2) $ 2,258,959.29 March 25, 2037 I-48-A Variable(2) $ 2,178,658.48 March 25, 2037 I-48-B Variable(2) $ 2,178,658.48 March 25, 2037 I-49-B Variable(2) $ 2,101,207.67 March 25, 2037 I-50-A Variable(2) $ 2,026,503.61 March 25, 2037 I-50-B Variable(2) $ 2,026,503.61 March 25, 2037 I-51-B Variable(2) $ 1,954,465.65 March 25, 2037 I-52-A Variable(2) $ 1,884,999.52 March 25, 2037 I-52-B Variable(2) $ 1,884,999.52 March 25, 2037 I-53-B Variable(2) $ 1,818,610.34 March 25, 2037 I-54-B Variable(2) $ 1,755,199.05 March 25, 2037 I-55-B Variable(2) $ 1,694,238.85 March 25, 2037 I-57-B Variable(2) $ 1,576,171.65 March 25, 2037 I-58-B Variable(2) $ 1,520,001.97 March 25, 2037 I-59-B Variable(2) $ 1,465,820.83 March 25, 2037 I-60-A Variable(2) $ 1,413,535.84 March 25, 2037 I-60-B Variable(2) $ 1,413,535.84 March 25, 2037 I-61-B Variable(2) $ 1,363,114.00 March 25, 2037 I-62-A Variable(2) $ 1,314,509.59 March 25, 2037 I-62-B Variable(2) $ 1,314,509.59 March 25, 2037 I-63-A Variable(2) $ 35,403,831.08 March 25, 2037 I-63-B Variable(2) $ 35,403,831.08 March 25, 2037
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Cp1), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Cp1)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and 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 I.” " The REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 Trustee REMIC Administrator will make, in accordance with Section 9.12, make a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0I-A, Class A-3II-A-1, Class A-4II-A-2, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Uncertificated Class III-A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the 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 the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 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 intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of nineteen classes of certificates, designated as (as defined herein)i) the Class I-A-1 Certificates, (ii) the Class II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) Class II-A-3 Certificates, (v) the Class II-A-4 Certificates, (vi) the Class M-1 Certificates (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class M-10 Certificates, (xvi) the Class C Certificates, (xvii) the Class P Certificates, (xviii) the Class R Certificates and (xix) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Pre-Funding Accounts, the Interest Coverage Accounts, any Subsequent Mortgage Loan Interest, the Net WAC Rate Carryover Reserve Account, the Cap Allocation Agreement, the Cap Account, the Interest Rate Swap Agreement, the Swap Acount, the Supplemental Interest Trust, any Servicer Prepayment Charge Payment Amounts, the Basis Risk Cap Agreement and the Interest Rate Cap Contract) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable (2I-LT1 Variable(2 ) $ 2,922,000.00 June 444,210,719.25 February 25, 2035 2037 I-LT1PF Variable(2 ) $ 229,839,482.91 February 25, 2000 X-XX0 Variable(2 ) $ 618,617,188.27 February 25, 2037 I-LT2PF Variable(2 ) $ 337,068,542.52 February 25, 2000 X-XXX Variable(2 ) $ 100.00 February 25, 2037 ___________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-3), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-3)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-one classes of certificates, designated as (as defined herein)i) the Class A-1A Certificates, (ii) the Class A-1F1 Certificates, (iii) the Class A-1F2 Certificates, (iv) the Class A-2A Certificates, (v) the Class A-2F Certificates, (vi) the Class M-1 Certificates, (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class B-1 Certificates, (xvi) the Class P Certificates, (xvii) the Class X-1 Certificates, (xviii) the Class X-2 Certificates, (xix) the Class X-S Certificates, (xx) the Class A-R Certificates and (xxi) the Class A-RL Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this AgreementAgreement (exclusive of the Pre-Funding Account, Basis Risk Reserve Fund, Swap Account, the Capitalized Interest Account, the Supplemental Interest Trust and the Subsequent Mortgage Loan Interest) 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.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class RA-I RL Certificates will be represent the sole class of “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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 1 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 Pass-Through Rate, Rate and the initial Uncertificated Principal Balance and, for each of the “regular interests” in REMIC 1 (the “REMIC 1 Regular Interests”). None of the REMIC 1 Regular Interests will be certificated. 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 the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________Section
Appears in 2 contracts
Samples: Custodial Agreement (Home Equity Mortgage Trust 2005-5), Custodial Agreement (Home Equity Mortgage Trust 2005-5)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of sixteen classes of certificates, designated as (as defined herein)i) the Class A1-A Certificates, (ii) the Class A1-B Certificates, (iii) the Class A1-C Certificates, (iv) the Class AM Certificates, (v) the Class M-1 Certificates, (vi) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (viii) the Class M-4 Certificates, (ix) the Class M-5 Certificates, (x) the Class M-6 Certificates, (xi) the Class M-7 Certificates, (xii) the Class M-8 Certificates, (xiii) the Class B Certificates, (xiv) the Class C Certificates, (xv) the Class P Certificates and (xvi) the Class R Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election elect to treat the entire segregated pool of assets described in consisting of the definition Mortgage Loans and certain other related assets (other than the Net WAC Shortfall Reserve Fund, any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Account, the Interest Coverage Account, the Class M Interest Reserve Fund and, for the avoidance of REMIC I (as defined herein)doubt, the Supplemental Interest Trust, the Derivative Account, the Cap Contracts, the Collateral Account and the Interest Rate Swap Agreement) subject to this Agreement, Agreement as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates R-1 Interest will be the sole class of “residual interests” Residual Interests in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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 1 Regular InterestsInterests (as defined herein). The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date (1) M-3 Variable (21-1-A Variable(2) $ 2,922,000.00 June 1,291,504.09 September 25, 2035 2037 1-1-B Variable(2) $ 1,291,504.09 September 25, 2037 1-2-A Variable(2) $ 2,392,637.16 September 25, 2037 1-2-B Variable(2) $ 2,392,637.16 September 25, 2037 1-3-A Variable(2) $ 3,515,987.98 September 25, 2037 1-3-B Variable(2) $ 3,515,987.98 September 25, 2037 1-4-A Variable(2) $ 4,652,077.16 September 25, 2037 1-4-B Variable(2) $ 4,652,077.16 September 25, 2037 1-5-A Variable(2) $ 5,790,398.31 September 25, 2037 1-5-B Variable(2) $ 5,790,398.31 September 25, 2037 1-6-A Variable(2) $ 6,916,224.67 September 25, 2037 Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) 1-6-B Variable(2) $ 6,916,224.67 September 25, 2037 1-7-A Variable(2) $ 8,020,326.33 September 25, 2037 1-7-B Variable(2) $ 8,020,326.33 September 25, 2037 1-8-A Variable(2) $ 9,083,173.44 September 25, 2037 1-8-B Variable(2) $ 9,083,173.44 September 25, 2037 1-9-A Variable(2) $ 10,058,672.05 September 25, 2037 1-9-B Variable(2) $ 10,058,672.05 September 25, 2037 1-10-A Variable(2) $ 10,765,542.83 September 25, 2037 1-10-B Variable(2) $ 10,765,542.83 September 25, 2037 1-11-A Variable(2) $ 11,463,933.03 September 25, 2037 1-11-B Variable(2) $ 11,463,933.03 September 25, 2037 1-12-A Variable(2) $ 11,644,488.25 September 25, 2037 1-12-B Variable(2) $ 11,644,488.25 September 25, 2037 1-13-A Variable(2) $ 11,067,336.89 September 25, 2037 1-13-B Variable(2) $ 11,067,336.89 September 25, 2037 1-14-A Variable(2) $ 10,518,483.57 September 25, 2037 1-14-B Variable(2) $ 10,518,483.57 September 25, 2037 1-15-A Variable(2) $ 9,996,426.10 September 25, 2037 1-15-B Variable(2) $ 9,996,426.10 September 25, 2037 1-16-A Variable(2) $ 9,499,998.27 September 25, 2037 1-16-B Variable(2) $ 9,499,998.27 September 25, 2037 1-17-A Variable(2) $ 9,027,876.59 September 25, 2037 1-17-B Variable(2) $ 9,027,876.59 September 25, 2037 1-18-A Variable(2) $ 8,578,837.10 September 25, 2037 1-18-B Variable(2) $ 8,578,837.10 September 25, 2037 1-19-A Variable(2) $ 8,151,847.46 September 25, 2037 1-19-B Variable(2) $ 8,151,847.46 September 25, 2037 1-20-A Variable(2) $ 7,798,892.21 September 25, 2037 1-20-B Variable(2) $ 7,798,892.21 September 25, 2037 1-21-A Variable(2) $ 7,396,029.40 September 25, 2037 1-21-B Variable(2) $ 7,396,029.40 September 25, 2037 1-22-A Variable(2) $ 7,016,763.42 September 25, 2037 1-22-B Variable(2) $ 7,016,763.42 September 25, 2037 1-23-A Variable(2) $ 6,425,008.72 September 25, 2037 1-23-B Variable(2) $ 6,425,008.72 September 25, 2037 1-24-A Variable(2) $ 3,611,587.50 September 25, 2037 1-24-B Variable(2) $ 3,611,587.50 September 25, 2037 1-25-A Variable(2) $ 3,502,440.00 September 25, 2037 1-25-B Variable(2) $ 3,502,440.00 September 25, 2037 1-26-A Variable(2) $ 3,396,127.50 September 25, 2037 1-26-B Variable(2) $ 3,396,127.50 September 25, 2037 1-27-A Variable(2) $ 3,293,460.00 September 25, 2037 1-27-B Variable(2) $ 3,293,460.00 September 25, 2037 Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) 1-28-A Variable(2) $ 3,193,627.50 September 25, 2037 1-28-B Variable(2) $ 3,193,627.50 September 25, 2037 1-29-A Variable(2) $ 3,096,832.50 September 25, 2037 1-29-B Variable(2) $ 3,096,832.50 September 25, 2037 1-30-A Variable(2) $ 3,003,075.00 September 25, 2037 1-30-B Variable(2) $ 3,003,075.00 September 25, 2037 1-31-A Variable(2) $ 2,911,950.00 September 25, 2037 1-31-B Variable(2) $ 2,911,950.00 September 25, 2037 1-32-A Variable(2) $ 2,823,862.50 September 25, 2037 1-32-B Variable(2) $ 2,823,862.50 September 25, 2037 1-33-A Variable(2) $ 2,738,205.00 September 25, 2037 1-33-B Variable(2) $ 2,738,205.00 September 25, 2037 1-34-A Variable(2) $ 2,654,977.50 September 25, 2037 1-34-B Variable(2) $ 2,654,977.50 September 25, 2037 1-35-A Variable(2) $ 2,574,585.00 September 25, 2037 1-35-B Variable(2) $ 2,574,585.00 September 25, 2037 1-36-A Variable(2) $ 20,079,787.50 September 25, 2037 1-36-B Variable(2) $ 20,079,787.50 September 25, 2037 1-37-A Variable(2) $ 1,882,755.00 September 25, 2037 1-37-B Variable(2) $ 1,882,755.00 September 25, 2037 1-38-A Variable(2) $ 1,825,582.50 September 25, 2037 1-38-B Variable(2) $ 1,825,582.50 September 25, 2037 1-39-A Variable(2) $ 1,770,300.00 September 25, 2037 1-39-B Variable(2) $ 1,770,300.00 September 25, 2037 1-40-A Variable(2) $ 1,716,435.00 September 25, 2037 1-40-B Variable(2) $ 1,716,435.00 September 25, 2037 1-41-A Variable(2) $ 1,664,460.00 September 25, 2037 1-41-B Variable(2) $ 1,664,460.00 September 25, 2037 1-42-A Variable(2) $ 1,613,745.00 September 25, 2037 1-42-B Variable(2) $ 1,613,745.00 September 25, 2037 1-43-A Variable(2) $ 1,564,762.50 September 25, 2037 1-43-B Variable(2) $ 1,564,762.50 September 25, 2037 1-44-A Variable(2) $ 1,517,355.00 September 25, 2037 1-44-B Variable(2) $ 1,517,355.00 September 25, 2037 1-45-A Variable(2) $ 1,471,050.00 September 25, 2037 1-45-B Variable(2) $ 1,471,050.00 September 25, 2037 1-46-A Variable(2) $ 1,426,477.50 September 25, 2037 1-46-B Variable(2) $ 1,426,477.50 September 25, 2037 1-47-A Variable(2) $ 1,383,007.50 September 25, 2037 1-47-B Variable(2) $ 1,383,007.50 September 25, 2037 1-48-A Variable(2) $ 1,341,112.50 September 25, 2037 1-48-B Variable(2) $ 1,341,112.50 September 25, 2037 1-49-A Variable(2) $ 1,300,162.50 September 25, 2037 Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) 1-49-B Variable(2) $ 1,300,162.50 September 25, 2037 1-50-A Variable(2) $ 1,260,630.00 September 25, 2037 1-50-B Variable(2) $ 1,260,630.00 September 25, 2037 1-51-A Variable(2) $ 1,222,357.50 September 25, 2037 1-51-B Variable(2) $ 1,222,357.50 September 25, 2037 1-52-A Variable(2) $ 1,185,030.00 September 25, 2037 1-52-B Variable(2) $ 1,185,030.00 September 25, 2037 1-53-A Variable(2) $ 1,148,962.50 September 25, 2037 1-53-B Variable(2) $ 1,148,962.50 September 25, 2037 1-54-A Variable(2) $ 1,113,997.50 September 25, 2037 1-54-B Variable(2) $ 1,113,997.50 September 25, 2037 1-55-A Variable(2) $ 1,080,135.00 September 25, 2037 1-55-B Variable(2) $ 1,080,135.00 September 25, 2037 1-56-A Variable(2) $ 1,047,217.50 September 25, 2037 1-56-B Variable(2) $ 1,047,217.50 September 25, 2037 1-57-A Variable(2) $ 1,015,245.00 September 25, 2037 1-57-B Variable(2) $ 1,015,245.00 September 25, 2037 1-58-A Variable(2) $ 984,375.00 September 25, 2037 1-58-B Variable(2) $ 984,375.00 September 25, 2037 1-59-A Variable(2) $ 954,292.50 September 25, 2037 1-59-B Variable(2) $ 954,292.50 September 25, 2037 1-60-A Variable(2) $ 30,051,630.00 September 25, 2037 1-60-B Variable(2) $ 30,051,630.00 September 25, 2037 P Variable(2) $ 100.00 September 25, 2037 OC Variable(2) $ 196,613,419.09 September 25, 2037 ________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Impac Secured Assets Trust 2007-3), Pooling and Servicing Agreement (Impac Secured Assets Trust 2007-3)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in of the Trust Fund created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Mortgage Loans (as defined herein)and certain other related assets subject to this Agreement. REMIC I As provided herein, the Trustee will make, in accordance with Section 9.12, an election elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund and, for the avoidance of doubt, the Supplemental Interest Trust and the Swap Agreement, ) as a real estate mortgage investment conduit (a “REMIC”) 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-I Certificates [__] Interest will be the sole class of “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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the REMIC I Pass-Through Remittance 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 InterestsInterests (as defined herein). The None of the REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable [____________] [____________](2) $ 2,922,000.00 June 25, 2035 [____________] [____________] [____________] [____________](2) [____________] [____________] [____________] [____________](2) [____________] [____________] ___________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Ace Securities Corp), Pooling and Servicing Agreement (Ace Securities Corp)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the DSLA Mortgage Loan Trust 2004-AR1, DSLA Mortgage Pass-Through Certificates, Series 2004-AR1 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of fifteen classes of certificates, designated as (as defined herein)i) the Class A-1A Certificates, (ii) the Class A-1B Certificates, (iii) the Class A-2A Certificates, (iv) the Class A-2B Certificates, (v) the Class X-1 Certificates, (vi) the Class X-2, (vii) the Class A-R Certificate, (viii) the Class B-1 Certificates, (ix) the Class B-2 Certificates, (x) the Class B-3 Certificates, (xi) the Class B-4 Certificates, (xii) the Class B-5 Certificates, (xiii) the Class B-6 Certificates and (xiv) the Class Y Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”Basis Risk Reserve Fund) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interests” in REMIC I and the Class RLower-I Certificates will be the sole class of “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,Tier REMIC” and the Trustee will make“Upper-Tier REMIC”). Each Certificate, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of other than the Class A-IO Certificates)R Certificate, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, the Class A-1A, Class M-1X-0X, Class M-2Xxxxx X-0X, Class M-3Xxxxx X-0X, Class B-1, Class B-2 B-2, Class B-3, Class B-4, Class B-5, and Class B-3 B-6 Certificates will be “regular interests” represent the right to receive payments in REMIC II, and respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07. The owners of the Class RX-2 Certificates beneficially own the Basis Risk Reserve Fund. The Class A-II Certificates will be R Certificate represents the sole class of “residual interests” therein for purposes interest in each REMIC. The Lower-Tier REMIC shall hold as assets all property of the Trust Fund other than the assets held in the Basis Risk Reserve Fund, and the interests in any REMIC Provisions formed hereby. The Upper Tier REMIC shall hold as assets the uncertificated Lower-Tier REMIC Interests, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC regular interest. The Class Y Certificates, which will not have a Class Principal Balance and will not accrue interest, will only be entitled to received on any Distribution Date the excess, if any, of (as defined hereini) under federal income tax lawamounts received pursuant to the Yield Maintenance Agreements for that Distribution date over (ii) the portion thereof payable to the Class A-1A, Class A-1B, Class A-2A and Class A-2B Certificates on that Distribution Date. The Class Y Certificates will not represent an interest in any REMIC. Lower-Tier REMIC I Interests The following table irrevocably sets forth specifies the Class designation, the interest rate, and initial Class Principal Amount for each Class of Lower-Tier REMIC I Pass-Through Rate, the initial Uncertificated Interest: Class Designation Interest Rate Initial Principal Balance and, for purposes Corresponding Class of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Certificates LTA-1A (1) M-3 Variable $ 77,399,000.00 Class A-1A LTA-1B (1) $ 8,600,000.00 Class X-0X XXX-0X (1) $ 98,225,000.00 Class A-2A LTA-2B (1) $ 27,027,000.00 Class A-2B LTA-R (1) $ 25.00 Class A-R LTB-6 (1) $ 920,250.87 Class B-6 LT-Group 1 (2) $ 2,922,000.00 June 25, 2035 93,178,214.71 N/A LT-SC-1 (2) $ 299,133.95 N/A LT-Group 2 (3) $ 135,708,010.12 N/A LT-SC-2 (3) $ 435,667.09 N/A LTQ (1) $ 459,242,051.75 N/A LT-R (4) (4) Class A-R __________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2004-Ar1), Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2004-Ar1)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-two classes of certificates, designated as (as defined herein)i) the Class AV-1 Certificates, (ii) the Class AV-2 Certificates, (iii) the Class AV-3 Certificates, (iv) the Class AF-1 Certificates, (v) the Class AF-2 Certificates, (vi) Class AF-3 Certificates, (vii) the Class AF-4 Certificates, (viii) the Class AF-5 Certificates, (ix) the Class AF-6 Certificates, (x) the Class M-1 Certificates (xi) the Class M-2 Certificates, (xii) the Class M-3 Certificates, (xiii) the Class M-4 Certificates, (xiv) the Class M-5 Certificates, (xv) the Class M-6 Certificates, (xvii) the Class M-7 Certificates, (xviii) the Class M-8 Certificates, (xix) the Class M-9 Certificates, (xx) the Class C Certificates, (xxi) the Class P Certificates and (xxii) the Class R Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election Securities Administrator shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Basis Risk Reserve Account, the Interest Rate Swap Agreement, the Swap Account, the Supplemental Interest Trust and any Servicer Prepayment Charge Payment Amounts) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through 1 Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable I (2) $ 2,922,000.00 June 22,178,745.72 September 25, 2035 2037 I-1-A (2) $ 208,560.26 September 25, 2037 I-1-B (2) $ 208,560.26 September 25, 2037 I-2-A (2) $ 259,444.02 September 25, 2037 I-2-B (2) $ 259,444.02 September 25, 2037 I-3-A (2) $ 310,325.58 September 25, 2037 I-3-B (2) $ 310,325.58 September 25, 2037 I-4-A (2) $ 360,748.82 September 25, 2037 I-4-B (2) $ 360,748.82 September 25, 2037 I-5-A (2) $ 410,238.25 September 25, 2037 I-5-B (2) $ 410,238.25 September 25, 2037 I-6-A (2) $ 458,304.27 September 25, 2037 I-6-B (2) $ 458,304.27 September 25, 2037 I-7-A (2) $ 504,413.79 September 25, 2037 I-7-B (2) $ 504,413.79 September 25, 2037 I-8-A (2) $ 527,298.95 September 25, 2037 I-8-B (2) $ 527,298.95 September 25, 2037 I-9-A (2) $ 508,660.52 September 25, 2037 I-9-B (2) $ 508,660.52 September 25, 2037 I-10-A (2) $ 490,598.47 September 25, 2037 I-10-B (2) $ 490,598.47 September 25, 2037 I-11-A (2) $ 473,177.74 September 25, 2037 I-11-B (2) $ 473,177.74 September 25, 2037 I-12-A (2) $ 456,375.55 September 25, 2037 I-12-B (2) $ 456,375.55 September 25, 2037 I-13-A (2) $ 440,169.81 September 25, 2037 I-13-B (2) $ 440,169.81 September 25, 2037 I-14-A (2) $ 424,539.49 September 25, 2037 I-14-B (2) $ 424,539.49 September 25, 2037 I-15-A (2) $ 251,360.20 September 25, 2037 I-15-B (2) $ 251,360.20 September 25, 2037 I-16-A (2) $ 14,661.80 September 25, 2037 I-16-B (2) $ 14,661.80 September 25, 2037 I-17-A (2) $ 14,004.73 September 25, 2037 I-17-B (2) $ 14,004.73 September 25, 2037 I-18-A (2) $ 13,377.09 September 25, 2037 I-18-B (2) $ 13,377.09 September 25, 2037 I-19-A (2) $ 12,777.49 September 25, 2037 I-19-B (2) $ 12,777.49 September 25, 2037 I-20-A (2) $ 15,794.29 September 25, 2037 I-20-B (2) $ 15,794.29 September 25, 2037 I-21-A (2) $ 11,496.65 September 25, 2037 I-21-B (2) $ 11,496.65 September 25, 2037 I-22-B (2) $ 11,944.61 September 25, 2037 I-23-B (2) $ 10,752.43 September 25, 2037 I-24-A (2) $ 9,963.48 September 25, 2037 I-24-B (2) $ 9,963.48 September 25, 2037 I-25-A (2) $ 9,516.67 September 25, 2037 I-25-B (2) $ 9,516.67 September 25, 2037 I-26-A (2) $ 9,089.84 September 25, 2037 I-26-B (2) $ 9,089.84 September 25, 2037 I-27-A (2) $ 8,682.13 September 25, 2037 I-27-B (2) $ 8,682.13 September 25, 2037 I-28-A (2) $ 8,292.66 September 25, 2037 I-28-B (2) $ 8,292.66 September 25, 2037 I-29-A (2) $ 7,920.62 September 25, 2037 I-29-B (2) $ 7,920.62 September 25, 2037 I-30-A (2) $ 7,565.24 September 25, 2037 I-30-B (2) $ 7,565.24 September 25, 2037 I-31-B (2) $ 7,225.79 September 25, 2037 I-32-A (2) $ 8,978.93 September 25, 2037 I-32-B (2) $ 8,978.93 September 25, 2037 I-33-A (2) $ 104,988.21 September 25, 2037 I-33-B (2) $ 104,988.21 September 25, 2037 I-34-A (2) $ 30,013.75 September 25, 2037 I-34-B (2) $ 30,013.75 September 25, 2037 I-35-A (2) $ 9,415.01 September 25, 2037 I-35-B (2) $ 9,415.01 September 25, 2037 II (2) $ 548,129,782.55 September 25, 2037 II-1-A (2) $ 5,154,399.24 September 25, 2037 II-1-B (2) $ 5,154,399.24 September 25, 2037 II-2-A (2) $ 6,411,950.48 September 25, 2037 II-2-B (2) $ 6,411,950.48 September 25, 2037 II-3-A (2) $ 7,669,447.42 September 25, 2037 II-3-B (2) $ 7,669,447.42 September 25, 2037 II-4-A (2) $ 8,915,617.18 September 25, 2037 II-4-B (2) $ 8,915,617.18 September 25, 2037 II-5-A (2) $ 10,138,708.75 September 25, 2037 II-5-B (2) $ 10,138,708.75 September 25, 2037 II-6-A (2) $ 11,326,621.73 September 25, 2037 II-6-B (2) $ 11,326,621.73 September 25, 2037 II-7-A (2) $ 12,466,181.71 September 25, 2037 II-7-B (2) $ 12,466,181.71 September 25, 2037 II-8-A (2) $ 13,031,770.05 September 25, 2037 II-8-B (2) $ 13,031,770.05 September 25, 2037 II-9-A (2) $ 12,571,135.98 September 25, 2037 II-9-B (2) $ 12,571,135.98 September 25, 2037 II-10-A (2) $ 12,124,747.03 September 25, 2037 II-10-B (2) $ 12,124,747.03 September 25, 2037 II-11-A (2) $ 11,694,207.76 September 25, 2037 II-11-B (2) $ 11,694,207.76 September 25, 2037 II-12-A (2) $ 11,278,954.95 September 25, 2037 II-12-B (2) $ 11,278,954.95 September 25, 2037 II-13-A (2) $ 10,878,443.19 September 25, 2037 II-13-B (2) $ 10,878,443.19 September 25, 2037 II-14-A (2) $ 10,492,152.51 September 25, 2037 II-14-B (2) $ 10,492,152.51 September 25, 2037 II-15-A (2) $ 6,212,165.30 September 25, 2037 II-15-B (2) $ 6,212,165.30 September 25, 2037 II-16-A (2) $ 362,354.70 September 25, 2037 II-16-B (2) $ 362,354.70 September 25, 2037 II-17-A (2) $ 346,115.77 September 25, 2037 II-17-B (2) $ 346,115.77 September 25, 2037 II-18-A (2) $ 330,603.91 September 25, 2037 II-18-B (2) $ 330,603.91 September 25, 2037 II-19-A (2) $ 315,785.51 September 25, 2037 II-19-B (2) $ 315,785.51 September 25, 2037 II-20-A (2) $ 390,343.21 September 25, 2037 II-20-B (2) $ 390,343.21 September 25, 2037 II-21-A (2) $ 284,130.35 September 25, 2037 II-21-B (2) $ 284,130.35 September 25, 2037 II-22-A (2) $ 295,201.39 September 25, 2037 II-22-B (2) $ 295,201.39 September 25, 2037 II-23-A (2) $ 265,737.57 September 25, 2037 II-23-B (2) $ 265,737.57 September 25, 2037 II-24-A (2) $ 246,239.52 September 25, 2037 II-24-B (2) $ 246,239.52 September 25, 2037 II-25-A (2) $ 235,196.83 September 25, 2037 II-25-B (2) $ 235,196.83 September 25, 2037 II-26-A (2) $ 224,648.16 September 25, 2037 II-26-B (2) $ 224,648.16 September 25, 2037 II-27-A (2) $ 214,571.87 September 25, 2037 II-27-B (2) $ 214,571.87 September 25, 2037 II-28-A (2) $ 204,946.34 September 25, 2037 II-28-B (2) $ 204,946.34 September 25, 2037 II-29-A (2) $ 195,751.88 September 25, 2037 II-29-B (2) $ 195,751.88 September 25, 2037 II-30-A (2) $ 186,968.76 September 25, 2037 II-30-B (2) $ 186,968.76 September 25, 2037 II-31-A (2) $ 178,579.71 September 25, 2037 II-31-B (2) $ 178,579.71 September 25, 2037 II-32-A (2) $ 221,907.07 September 25, 2037 II-32-B (2) $ 221,907.07 September 25, 2037 II-33-A (2) $ 2,594,699.29 September 25, 2037 II-33-B (2) $ 2,594,699.29 September 25, 2037 II-34-A (2) $ 741,765.75 September 25, 2037 II-34-B (2) $ 741,765.75 September 25, 2037 II-35-A (2) $ 232,684.49 September 25, 2037 II-35-B (2) $ 232,684.49 September 25, 2037 P (2) $ 100.00 September 25, 2037 ___________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Renaissance Home Equity Loan Trust 2007-3), Pooling and Servicing Agreement (Renaissance Home Equity Loan Trust 2007-3)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of nineteen Classes of certificates, designated as (as defined herein)i) the Class A Certificates, (ii) the Class M Certificates, (iii) the Class B Certificates, (iv) the Class P Certificates, (v) the Class C Certificates and (vi) the Class R Certificates. REMIC 1 As provided hereinin this Agreement, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement, 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.1.” The REMIC I Regular Interests Class R-1 Interest will be the “regular interests” in REMIC I and the Class R-I Certificates will be represent the sole class Class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 hereinthis Agreement) under federal income tax law. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable (2A-I Variable(2) $ 2,922,000.00 June 25, 2035 I-1-A Variable(2) $ I-1-B Variable(2) $ I-2-A Variable(2) $ I-2-B Variable(2) $ I-3-A Variable(2) $ I-3-B Variable(2) $ I-4-A Variable(2) $ I-4-B Variable(2) $ I-5-A Variable(2) $ I-5-B Variable(2) $ I-6-A Variable(2) $ 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. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2005-5 Mortgage Loan Pass-Through Certificates, Series 2005-5 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of nineteen classes of certificates, designated as (as defined hereini) the Class 1-A-1A Certificates, (ii) the Class 1-A-1B Certificates, (iii) the Class 2-A-1A Certificates, (iv) the Class 2-A-1B Certificates, (v) the Class 2-A-1C Certificates, (vi) the Class X-1 Certificates, (vii) the Class X-2 Certificates, (viii) the Class PO-1 Certificates, (ix) the Class PO-2 Certificates, (x) the Class A-R Certificates, (xi), the Class A-R-II Certificates, (xii) the Class P Certificates, (xiii) the Class B-1 Certificates, (xiv) the Class B-2 Certificates, (xv) the Class B-3 Certificates, (xvi) the Class B-4 Certificates, (xvii) the Class B-5 Certificates, (xviii) the Class B-6 Certificates and (xix) the Class B-7 Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein), Basis Risk Reserve Fund and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”the Yield Maintenance Account and the Yield Maintenance Agreements) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interests” in REMIC I and the Class RLower-I Certificates will be the sole class of “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,Tier REMIC” and the Trustee will make“Upper-Tier REMIC”). Each Certificate, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of other than the Class A-IO Certificates)R Certificate and the Class A-R-II Certificate, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, (i) the Class 1-A-1A, Class M-11-A-1B, Class M-22-A-1A, Class M-32-A-1B, Class 2-A-1C, Class B-1, Class B-2 B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class B-3 B-7 Certificates will be “regular interests” represent the right to receive payments in REMIC IIrespect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07 and (ii) the Class 1-A-1A, Class 1-A-1B, Class 2-A-1A, Class 2-A-1B, and Class 2-A-1C Certificates represent the right to receive payments in respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided in Section 4.04. The owners of the Class RX-1 and Class X-2 Certificates beneficially own the Basis Risk Reserve Fund and the Yield Maintenance Account. The Class P Certificate represents an interest in the Trust Fund but does not represent an interest in any REMIC created hereunder. The Class A-II Certificates will be R Certificate represents the sole class of “residual interests” therein for purposes interest in the Upper-Tier REMIC and the Class A-R-II Certificate represents the sole class of residual interest in the Lower-Tier REMIC. The Lower-Tier REMIC shall hold as assets all property of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth Trust Fund other than the designationassets held in the Basis Risk Reserve Fund, the REMIC I Pass-Through RateYield Maintenance Account, the initial Uncertificated Principal Balance andYield Maintenance Agreements, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), and the “latest possible maturity date” for interests in the Lower-Tier REMIC I Regular Interestsformed hereby. The Upper Tier REMIC I Regular Interests will not shall hold as assets the uncertificated Lower-Tier REMIC Interests, other than the Class LT-R Interest, ownership of which shall be certificatedevidenced by the Class A-R-II Certificate. Each such Lower-Tier Interest is hereby designated as a REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________regular interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-5), Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage pass-through certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee will make, in accordance with Section 9.1210.01, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans), 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 I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 9.1210.01, a separate REMIC election with respect thereto. The Class X-0A-1, Xxxxx X-0Class A-2, Class A-3, Class A-4, Class A-5Xxxxx X-0, Class Xxxss A-6, Class A-7, Class A-8, Class A-9, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3Xxxxx X-0, Class Xxxss 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. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests. The None of the REMIC I Regular Interests will not be certificated. Uncertificated REMIC I Initial Uncertificated Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date(1) ----------- ----------------- ----------------- ---------------- Uncertificated REMIC I 8.225003725% $147,664,000.00 July 25, 2030 Regular Interest T Uncertificated REMIC I 9.05% $73,831,000.00 July 25, 2030 Regular Interest U Uncertificated REMIC I 8.50% $3,966,000.00 July 25, 2030 Regular Interest V Uncertificated REMIC I 8.50% $27,500,000.00 July 25, 2030 Regular Interest W REMIC I Regular Interest Designation X 8.50% $22,001,363.83 July 25, 2030 REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable Regular Interest Y 0.00% $42,449.00 July 25, 2030 REMIC I IO Regular Interest (2) $ 2,922,000.00 June (3) July 25, 2035 ___________________2030 -----------------------------
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 intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund created hereunder. As provided hereinThe Certificates will consist of twenty-two Classes of Certificates, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and 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 I.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and (i) the Class R-I Certificates will be the sole class of “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 Trustee will makeA-1, in accordance with Section 9.12, a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0A-2, Class A-3, Class A-4A-4 and Class A-5 Certificates, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of ii) the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, (iii) the Class B-1, Class B-2 B-2, Class B-3 and Class B-3 B-4 Certificates, (iv) the Class P Certificates, (v) the Class CE-1 and Class CE-2 Certificates, (vi) the Class R Certificates and (vii) the Class R-X Certificates. The Depositor hereby assigns to the Trustee, acting on behalf of the Certificateholders its interests and rights in the Mortgage Loans. As provided herein, for federal income tax purposes, the Trustee will elect to treat the segregated pools of assets subject to this Agreement (exclusive of the Cap Account, the Basis Risk Reserve Fund, the Supplemental Interest Trust and the Swap Account) as ten real estate mortgage investment conduits (each, a “REMIC”): the Subsidiary REMIC 1, the Subsidiary REMIC 2, the Intermediate REMIC, the Master REMIC, the Class CE REMIC, the Xxxxx X REMIC and the four Class B REMICs. The Subsidiary REMIC 1 will consist of (a) all of the assets constituting the Group 1 Mortgage Loans and all of the assets constituting the Group 2 Mortgage Loans, exclusive of any amounts payable to the Class CE-2 Certificates. The Subsidiary REMIC 1 will issue (1) the REMIC regular interests in Subsidiary REMIC 1 (the “Subsidiary REMIC 1 Regular Interests”) and (2) the SR1 Interest. The Subsidiary REMIC 1 Regular Interests will be uncertificated and will represent the “regular interests” in the Subsidiary REMIC II1 and the SR1 Interest will represent the single class of “residual interest” in the Subsidiary REMIC 1. The Subsidiary REMIC 2 will consist of all amounts distributable in respect of the Class CE-2 Certificates. The Subsidiary REMIC 2 will issue (1) the Class CE-2 Certificates and (2) the SR2 Interest. The Trustee will hold the Subsidiary REMIC 1 Regular Interests for the benefit of the Intermediate REMIC. The assets of the Intermediate REMIC will consist of the Subsidiary REMIC 1 Regular Interests and the interests in the Intermediate REMIC will be evidenced by (i) the Intermediate REMIC Regular Interests, which will be uncertificated and will represent the “regular interests” in the Intermediate REMIC and (ii) the IR Interest, which will represent the single class of “residual interest” in the Intermediate REMIC. The Trustee will hold the Intermediate REMIC Regular Interests for the benefit of the Master REMIC. The assets of the Master REMIC will consist of the Intermediate REMIC Regular Interests and the interests in the Master REMIC will be evidenced by (i) the Regular Certificates (other than the Class CE-1, Class CE-2, Class P and Class B Certificates), the Class CEM Interest, the Class PM Interest and the four Class BM Interests, which will represent the “regular interests” in the Master REMIC and (ii) the Class MR Interest, which will represent the single class of “residual interest” in the Master REMIC. The Trustee will hold the Class CEM Interest in the Master REMIC for the benefit of the Class CE REMIC. Thx xxxxxx of the Class CE REMIC will xxxxxxx of the Class CEM Interest in the Master REMIC and interests in the Class CE REMIC will xx xxxxenced by (i) the Class CE-1 Certificate, which will represent the “regular interests” in the Class CE REMIC and (xx) xxx Class CER-X Interest, which will represent the single class of “residual interest” in the Class CE REMIC. Xxx Xxxxtee will hold the Class PM Interest in the Master REMIC for the benefit of the Class P REMIC. The assets of the Class P REMIC will consist of the Class PM Interest in the Master REMIC and interests in the Class P REMIC will be evidenced by (i) the Class P Certificate, which will represent the “regular interests” in the Class P REMIC and (ii) the Class PR-X Interest, which will represent the single class of “residual interest” in the Class P REMIC. The Trustee will hold each Class BM Interest in the Master REMIC for the benefit of a separate Class B REMIC. The assets of each Class B REMIC will consist of a single Class BM Interest in the Master REMIC and interests in each Class B REMIC will be evidenced by (i) a separately numbered Class B Certificate, which will represent the “regular interest” in that Class B REMIC and (ii) a separately numbered, uncertificated Class BR Interest, which will represent the single class of “residual interest” in that Class B REMIC. The Class R Certificates will represent ownership of the Class SR1, Class SR2, Class IR, and Class MR Interests, and the Class R-II X Certificates will be the sole class of “residual interests” therein for purposes represent ownership of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth residual interest in each of the designationClass CE REMIC, the Xxxxx X REMIC I Pass-Through Rate, and the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the four Class B REMICs. The “latest possible maturity date” for federal income tax purposes of all REMICs, and regular and residual interests created hereunder is the REMIC I Regular Interests36th month following the month of the scheduled maturity of the Mortgage Loan held in the Trust Fund as of the Closing Date having the latest maturity date. The Subsidiary REMIC I Regular Interests 1 The Subsidiary REMIC 1 Interests, each of which (except for the Class SR1 Interests) is hereby designated a REMIC regular interest for federal income tax purposes, will not be certificated. have the principal balances and pass-through rates as set forth in the following table: Subsidiary REMIC I Regular Interest 1 Lower Tier Class Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Subsidiary REMIC 1 Lower Tier Interest Rate Class LT1-Pool (1) M-3 Variable (1) Class LT1-F1 $ 8,455,574.51 (2) Class LT1-V1 $ 2,922,000.00 June 25, 2035 ___________________8,455,574.51 (3) Class LT1-F2 $ 9,745,591.63 (2) Class LT1-V2 $ 9,745,591.63 (3) Class LT1-F3 $ 10,971,141.89 (2) Class LT1-V3 $ 10,971,141.89 (3) Class LT1-F4 $ 12,147,327.14 (2) Class LT1-V4 $ 12,147,327.14 (3) Class LT1-F5 $ 13,246,206.33 (2) Class LT1-V5 $ 13,246,206.33 (3) Class LT1-F6 $ 14,274,602.86 (2) Class LT1-V6 $ 14,274,602.86 (3) Class LT1-F7 $ 15,152,326.46 (2) Class LT1-V7 $ 15,152,326.46 (3) Class LT1-F8 $ 15,511,251.03 (2) Class LT1-V8 $ 15,511,251.03 (3) Class LT1-F9 $ 15,437,985.87 (2) Class LT1-V9 $ 15,437,985.87 (3) Class LT1-F10 $ 15,088,232.42 (2) Class LT1-V10 $ 15,088,232.42 (3) Class LT1-F11 $ 14,534,144.56 (2) Class LT1-V11 $ 14,534,144.56 (3) Class LT1-F12 $ 13,875,556.71 (2) Class LT1-V12 $ 13,875,556.71 (3) Class LT1-F13 $ 13,243,216.32 (2) Class LT1-V13 $ 13,243,216.32 (3) Class LT1-F14 $ 12,650,928.67 (2) Class LT1-V14 $ 12,650,928.67 (3) Class LT1-F15 $ 12,100,883.68 (2) Class LT1-V15 $ 12,100,883.68 (3) Class LT1-F16 $ 11,559,804.60 (2) Class LT1-V16 $ 11,559,804.60 (3) Class LT1-F17 $ 11,062,424.83 (2) Class LT1-V17 $ 11,062,424.83 (3) Class LT1-F18 $ 10,610,513.60 (2) Class LT1-V18 $ 10,610,513.60 (3) Class LT1-F19 $ 19,978,798.39 (2) Class LT1-V19 $ 19,978,798.39 (3) Class LT1-F20 $ 32,131,670.88 (2) Class LT1-V20 $ 32,131,670.88 (3) Class LT1-F21 $ 12,512,363.37 (2) Class LT1-V21 $ 12,512,363.37 (3) Class LT1-F22 $ 24,913,525.07 (2) Class LT1-V22 $ 24,913,525.07 (3) Class LT1-F23 $ 11,224,061.29 (2) Class LT1-V23 $ 11,224,061.29 (3) Class LT1-F24 $ 5,764,043.39 (2) Class LT1-V24 $ 5,764,043.39 (3)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (C-Bass 2006-Cb7 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee will make, in accordance with Section 9.1210.01, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans), 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 I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 9.1210.01, 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-8X-0, Class A-9, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates)Xxxxx X-0, Class M-1, Class M-1-X, Class M-2, Class M-2-X, 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. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests. The None of the REMIC I Regular Interests will not be certificated. Uncertificated REMIC I Initial Uncertificated Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date(1) ----------- ----------------- ----------------- ---------------- Uncertificated REMIC I 9.00% $68,900,000.00 January 25, 2030 Regular Interest N Uncertificated REMIC I 9.00% $70,000,000.00 January 25, 2030 Regular Interest O Uncertificated REMIC I 9.00% $33,548,430.00 January 25, 2030 Regular Interest P Uncertificated REMIC I 9.00% $36,500,000.00 January 25, 2030 Regular Interest Q Uncertificated REMIC I 0.00% $2,741,660.00 January 25, 2030 Regular Interest S Uncertificated REMIC I 9.00% $100.00 January 25, 2030 Regular Interest T Uncertificated REMIC I 9.00% $9,434,000.00 January 25, 2030 Regular Interest U Uncertificated REMIC I 9.00% $4,027,000.00 January 25, 2030 Regular Interest W REMIC I Regular Interest Designation X 9.00% $1,725,000.00 January 25, 2030 REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June Regular Interest Y 9.00% $3,222,457.00 January 25, 2035 2030 REMIC I IO Regular Interest Variable(2) $(3) January 25, 2030 ___________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp Mortgage Pass THR Cer Ser 1999-2)
PRELIMINARY STATEMENT. The Board of Directors of the Depositor intends has duly authorized the formation of a trust (the "Trust") to sell mortgage pass-through issue a series of asset backed certificates (collectively, the “Certificates”), with an aggregate initial Certificate Principal Balance of $740,000,001 to be issued hereunder in multiple Classesknown as the Saxon Asset Securities Trust 2000-2, which Mortgage Loan Asset Backed Certificates, Series 2000-2 (the "Certificates"). The Certificates in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust. As provided hereinThe Certificates consist of the following: the Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2, Class BF-1, Class BF-2, Class AV-1, Class MV-1, Class MV-2, Class BV-1, Class BV-2, Class A-IO, Class PF-1, Class PV-1, Class C and Class R Certificates. In accordance with Section 10.01 of the Standard Terms, the Trustee will make, in accordance with Section 9.12, an election make elections to treat each of the entire segregated pool pools of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, below as a real estate mortgage investment conduit (each a “"REMIC”) for federal income tax purposes and such segregated pool of assets will be designated as “REMIC I.” The REMIC I Regular Interests will be " or, in the “regular interests” in REMIC I alternative, the POOLING REMIC, the SECOND-TIER REMIC, and the ISSUING REMIC. The Certificates, other than the Class R-I R Certificates, represent ownership of the regular interests in the ISSUING REMIC for purposes of the REMIC Provisions. The Class R Certificates will be represents ownership of the sole class of “residual interests” interest in each of the POOLING REMIC, the SECOND-TIER REMIC, and the ISSUING REMIC I for purposes of the REMIC Provisions. The ISSUING REMIC shall hold as its assets the several classes of uncertificated Lower Tier Interests in the SECOND- TIER REMIC, other than the Class LT2-R Interest, and each such Lower Tier Interest is hereby designated as a regular interest in the SECOND-TIER REMIC for purposes of the REMIC Provisions. The SECOND-TIER REMIC shall hold as its assets the several classes of uncertificated Lower Tier Interests in the POOLING REMIC, other than the Class LT1-R Interest, and each such Lower Tier Interest is hereby designated as a regular interest in the POOLING REMIC. The POOLING REMIC shall hold as its assets the property of the Trust Estate other than the Lower Tier Interests in the POOLING REMIC and the SECOND-TIER REMIC, the Prefunding Account, and the Capitalized Interest Account. The startup day for each REMIC created hereby for purposes of the REMIC Provisions (as defined herein) under is the federal income tax lawClosing Date. A segregated pool of assets consisting of the REMIC I Regular Interests will be designated as “REMIC II,” and the Trustee will makeIn addition, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designationProvisions, the 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” date for each regular interest in each REMIC created hereby is the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________latest date specified in Section 9.01 of the Standard Terms.
Appears in 1 contract
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the Provident Funding Mortgage Loan Trust 2005-2, Mortgage Pass-Through Certificates, Series 2005-2 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of thirteen classes of certificates, designated as (as defined herein)i) the Class 1-A-1A Certificates, (ii) the Class 1-A-1B Certificates, (iii) the Class 2-A-1A Certificates, (iv) the Class 2-A-1B Certificates, (v) the Class 3-A Certificates, (vi) the Class 4-A Certificates, (vii) the Class A-R Certificate, (viii) the Class B-1 Certificates, (ix) the Class B-2 Certificates, (x) the Class B-3 Certificates, (xi) the Class B-4 Certificates, (xii) the Class B-5 Certificates and (xiii) the Class B-6 Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat Securities Administrator shall elect that the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) Trust Fund be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower Tier REMIC” in REMIC I and the “Upper Tier REMIC”). Each Certificate, other than the Class RA-I Certificates will be R Certificate represents ownership of a regular interest in the sole class of “residual interests” in Upper Tier 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 Trustee will make, in accordance with Section 9.12, a separate REMIC election with respect theretoProvisions. 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder R Certificate represents ownership of the Class A-IO Certificates), 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 interest in each of the Lower Tier REMIC and the Upper Tier REMIC for purposes of the REMIC Provisions (Provisions. The Upper Tier REMIC shall hold as defined herein) under federal income tax lawits assets the several classes of uncertificated Lower Tier Interests in the Lower Tier REMIC, other than the Class LT-A-R Interest, and each such Lower Tier Interest is hereby designated as a regular interest in the Lower Tier REMIC for purposes of the REMIC Provisions. The Lower Tier REMIC I shall hold as its assets the property of the Trust Fund. For purposes of the REMIC Provisions, the startup day is the Closing Date. All REMIC regular and residual interests created hereby will be retired on or before the Latest Possible Maturity Date. The Lower Tier REMIC The following table irrevocably sets forth (or describes) the Class designation, the REMIC I Pass-Through RateRate and original class principal balance for each Class of interests in the Lower Tier REMIC (each of which, except for the initial Uncertificated Principal Balance andLT-A-R Interest, is hereby designated a REMIC regular interest for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iiithe REMIC Provisions), each such Class a “Lower Tier Interest” comprising the “latest possible maturity date” for interests in the Trust Fund created hereunder: Lower Tier REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Class Designation REMIC I Pass- Original Class Principal Balance Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Related Loan Group LT-Group 1 (6) M-3 Variable (1) Group 1 LT-SC1 (5) (1) Group 1 LT-Group 2 (6) (2) $ 2,922,000.00 June 25, 2035 ___________________Group 2 LT-SC2 (5) (2) Group 2 LT-Group 3 (6) (3) Group 3 LT-SC3 (5) (3) Group 3 LT-Group 4 (6) (4) Group 4 LT-SC4 (5) (4) Group 4 LT-A-R (7) (7) N/A
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty classes of certificates, designated as (as defined herein)i) the Class A-1A Certificates, (ii) the Class A-1B Certificates, (iii) the Class A-2 Certificates, (iv) the Class A-3 Certificates, (v) the Class A-4 Certificates, (vi) the Class A-5 Certificates, (vii) the Class A-6 Certificates, (viii) the Class M-1 Certificates, (ix) the Class M-2 Certificates, (x) the Class M-3 Certificates, (xi) the Class M-4 Certificates, (xii) the Class M-5 Certificates, (xiii) the Class M-6 Certificates, (xiv) the Class M-7 Certificates, (xv) the Class M-8 Certificates, (xvi) the Class M-9 Certificates, (xvii) the Class C Certificates, (xviii) the Class P Certificates, (xviii) the Class R Certificates and (xx) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC Group I (as defined herein)Mortgage Loans, the Group II Mortgage Loans and certain other related assets subject to this AgreementAgreement (but exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Master Servicer Prepayment Charge Payment Amounts and the Cap Contract) 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.1.” The REMIC I Regular Interests Class R-1 Interest will be the “regular interests” in REMIC I and the Class R-I Certificates will be represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Assumed Final Maturity Date(1) M-3 Variable (2LT1 Variable(2) $ 2,922,000.00 June 25, 645,800,516.75 May 2035 LT1PF Variable(2) $ 135,623,061.81 May 2035 LT2 Variable(2) $ 344,188,833.70 May 2035 LT2PF Variable(2) $ 74,387,487.74 May 2035 LTP Variable(2) $ 100.00 May 2035 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2005-2)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series 2007-3 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund. The Certificates will consist of seventeen classes of certificates, designated as (as defined herein)i) the Class 1A-1A Certificates, (ii) the Class 2A-1A Certificates, (iii) the Class 2A-1B Certificates, (iv) the Class 2A-1C Certificates, (v) the Class B-1 Certificates, (vi) the Class B-2 Certificates, (vii) the Class B-3 Certificates, (viii) the Class B-4 Certificates, (ix) the Class B-5 Certificates, (x) the Class B-6 Certificates, (xi) the Class B-7 Certificates, (xii) the Class B-8 Certificates, (xiii) the Class B-9 Certificates, (xiv) the Class C Certificates, (xv) the Class P Certificates, (xvi) the Class ES Certificates and (xvii) the Class R Certificates. As provided hereinFor federal income tax purposes, the Trustee will make, in accordance with Section 9.12, an election to treat Trust Fund (exclusive of the entire segregated pool of assets described held in the definition Prefunding Account, the Capitalized Interest Account, the Basis Risk Reserve Fund, the the Yield Maintenance Trust, the Yield Maintenance Trust Account, the Yield Maintenance Account, the Yield Maintenance Agreement, the Collateral Account, the Final Maturity Reserve Trust and the Final Maturity Reserve Account and the Class ES Distributable Amount (the “Excluded Trust Property”)) comprises three REMICs in a tiered REMIC structure: the “Lower-Tier REMIC,” the “Middle-Tier REMIC,” and the “Upper-Tier REMIC.” Each Certificate, other than the Class ES and Class R Certificates, shall represent ownership of REMIC I a regular interest in the Upper-Tier REMIC, as described herein. The LIBOR Certificates also represent the right to receive (i) payments in respect of the Final Maturity Reserve Account, as defined hereinprovided in section 5.01(g), and subject to this Agreement(ii) payments in respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided in Section 5.01(h) or the Basis Risk Reserve Fund as provided in section 5.07. The owners of the Class C Certificates beneficially own the Basis Risk Reserve Fund, the Final Maturity Reserve Account, the Final Maturity Reserve Trust, the Yield Maintenance Trust Account, and the Yield Maintenance Account. The Class R Certificates represent the only class of residual interests in the Upper-Tier REMIC, as a real estate mortgage investment conduit well as the only residual interests in each of the Lower-Tier REMIC and the Middle-Tier REMIC. The Lower-Tier REMIC will hold as its assets all of the assets constituting the Trust Fund (a “REMIC”exclusive of the Excluded Trust Property) for federal income tax purposes and such segregated pool will issue five uncertificated interests, four of assets will be designated as “REMIC I.” The REMIC I Regular Interests will which shall be the “regular interestsLower-Tier Regular Interests” in REMIC I and one residual interest (the Class R“LT-I Certificates R Interest”), which will be represent the sole class of residual interest in the Lower-Tier REMIC. The Middle-Tier REMIC will hold as its assets all of the Lower-Tier Regular Interests and shall issue 18 uncertificated interests, 17 of which shall be the “Middle- Tier Regular Interests” and one residual interests” interest (the “MT-R Interest”), which will represent the sole class of residual interest in the Middle-Tier REMIC. The Upper-Tier REMIC I for will hold as its assets all of the Middle-Tier Regular Interests and shall issue the Certificates. For purposes of the REMIC Provisions (as defined herein) under Provisions, the federal income tax lawstartup day for each REMIC created hereby is the Closing Date. A segregated pool of assets consisting of the All REMIC I Regular Interests regular and residual interests created hereby will be designated as “retired on or before the Latest Possible Maturity Date. Lower-Tier REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth (or describes) the designation, interest rate, and initial principal balance of each Lower-Tier Regular Interest and the REMIC I PassLT-Through Rate, the initial Uncertificated R Interest: Designation Interest Rate Initial Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate LT-Initial Uncertificated Principal Balance Latest Possible Maturity(1(1) M-3 Variable $ 514,574,359.31 LT-Subsequent (2) $ 2,922,000.00 June 25, 2035 ___________________362,139,724.00 LT-C (3) (3) LT-I (4) (4) LT-R (5) (5)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HarborView 2007-3)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of nineteen classes of certificates, designated as (as defined herein)i) the Class 1-A1-A Certificates, (ii) the Class 1-A1-B Certificates, (iii) the Class 1-A1-C Certificates, (iv) the Class 1-AM Certificates, (v) the Class 2-A Certificates, (vi) the Class 1-M-1 Certificates, (vii) the Class 1-M-2 Certificates, (viii) the Class 1-M-3 Certificates, (ix) the Class 1-M-4 Certificates, (x) the Class 1-M-5 Certificates, (xi) the Class 1-M-6 Certificates, (xii) the Class 1-M-7 Certificates, (xiii) the Class 1-M-8 Certificates, (xiv) the Class 1-B Certificates, (xv) the Class 1-C Certificates, (xvi) the Class 2-C Certificates, (xvii) the Class 1-P Certificates, (xviii) the Class 2-P Certificates, and (xix) the Class R Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election elect to treat the entire segregated pool of assets described in consisting of Loan Group 1 and certain other related assets (other than the definition Group 1 Net WAC Shortfall Reserve Fund, any related Master Servicer Prepayment Charge Payment Amounts, the Class M Interest Reserve Fund and, for the avoidance of REMIC I (as defined herein)doubt, the Group 1 Supplemental Interest Trust, the Group 1 Derivative Account, the Group 1 Interest Rate Swap Agreement, the Group 1 Cap Contracts and the Group 1 Collateral Account) subject to this Agreement, Agreement as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates R-1 Interest will be the sole class of “residual interests” Residual Interests in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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 1 Regular InterestsInterests (as defined herein). The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date (1) M-3 Variable (21-1-A Variable(2) $ 2,922,000.00 June 2,931,419.42 April 2037 1-1-B Variable(2) $ 2,931,419.42 April 2037 1-2-A Variable(2) $ 4,621,932.41 April 2037 1-2-B Variable(2) $ 4,621,932.41 April 2037 1-3-A Variable(2) $ 6,337,754.04 April 2037 1-3-B Variable(2) $ 6,337,754.04 April 2037 1-4-A Variable(2) $ 8,063,405.38 April 2037 1-4-B Variable(2) $ 8,063,405.38 April 2037 1-5-A Variable(2) $ 9,783,088.61 April 2037 1-5-B Variable(2) $ 9,783,088.61 April 2037 1-6-A Variable(2) $ 11,478,869.78 April 2037 1-6-B Variable(2) $ 11,478,869.78 April 2037 1-7-A Variable(2) $ 13,129,670.82 April 2037 1-7-B Variable(2) $ 13,129,670.82 April 2037 1-8-A Variable(2) $ 14,705,652.64 April 2037 1-8-B Variable(2) $ 14,705,652.64 April 2037 1-9-A Variable(2) $ 16,174,523.40 April 2037 1-9-B Variable(2) $ 16,174,523.40 April 2037 1-10-A Variable(2) $ 16,984,631.84 April 2037 Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) 1-10-B Variable(2) $ 16,984,631.84 April 2037 1-11-A Variable(2) $ 17,620,405.11 April 2037 1-11-B Variable(2) $ 17,620,405.11 April 2037 1-12-A Variable(2) $ 16,913,729.48 April 2037 1-12-B Variable(2) $ 16,913,729.48 April 2037 1-13-A Variable(2) $ 16,097,844.69 April 2037 1-13-B Variable(2) $ 16,097,844.69 April 2037 1-14-A Variable(2) $ 15,321,069.99 April 2037 1-14-B Variable(2) $ 15,321,069.99 April 2037 1-15-A Variable(2) $ 14,581,621.12 April 2037 1-15-B Variable(2) $ 14,581,621.12 April 2037 1-16-A Variable(2) $ 13,877,654.00 April 2037 1-16-B Variable(2) $ 13,877,654.00 April 2037 1-17-A Variable(2) $ 13,207,540.26 April 2037 1-17-B Variable(2) $ 13,207,540.26 April 2037 1-18-A Variable(2) $ 12,569,528.09 April 2037 1-18-B Variable(2) $ 12,569,528.09 April 2037 1-19-A Variable(2) $ 11,962,078.26 April 2037 1-19-B Variable(2) $ 11,962,078.26 April 2037 1-20-A Variable(2) $ 11,383,932.77 April 2037 1-20-B Variable(2) $ 11,383,932.77 April 2037 1-21-A Variable(2) $ 10,833,541.27 April 2037 1-21-B Variable(2) $ 10,833,541.27 April 2037 1-22-B Variable(2) $ 10,414,046.83 April 2037 1-23-A Variable(2) $ 9,939,742.17 April 2037 1-23-B Variable(2) $ 9,939,742.17 April 2037 1-24-A Variable(2) $ 9,568,996.17 April 2037 1-24-B Variable(2) $ 9,568,996.17 April 2037 1-25, 2035 -A Variable(2) $ 9,113,087.46 April 2037 1-25-B Variable(2) $ 9,113,087.46 April 2037 1-26-A Variable(2) $ 8,615,713.02 April 2037 1-26-B Variable(2) $ 8,615,713.02 April 2037 1-27-A Variable(2) $ 8,154,715.17 April 2037 1-27-B Variable(2) $ 8,154,715.17 April 2037 1-28-A Variable(2) $ 7,725,476.59 April 2037 1-28-B Variable(2) $ 7,725,476.59 April 2037 1-29-A Variable(2) $ 7,317,146.46 April 2037 1-29-B Variable(2) $ 7,317,146.46 April 2037 1-30-A Variable(2) $ 6,936,364.39 April 2037 1-30-B Variable(2) $ 6,936,364.39 April 2037 1-31-A Variable(2) $ 6,573,433.08 April 2037 1-31-B Variable(2) $ 6,573,433.08 April 2037 Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) 1-32-A Variable(2) $ 5,825,497.26 April 2037 1-32-B Variable(2) $ 5,825,497.26 April 2037 1-33-A Variable(2) $ 28,999,427.46 April 2037 1-33-B Variable(2) $ 28,999,427.46 April 2037 1-34-A Variable(2) $ 2,622,851.95 April 2037 1-34-B Variable(2) $ 2,622,851.95 April 2037 1-35-A Variable(2) $ 2,543,227.25 April 2037 1-35-B Variable(2) $ 2,543,227.25 April 2037 1-36-A Variable(2) $ 2,466,052.47 April 2037 1-36-B Variable(2) $ 2,466,052.47 April 2037 1-37-A Variable(2) $ 2,391,096.10 April 2037 1-37-B Variable(2) $ 2,391,096.10 April 2037 1-38-A Variable(2) $ 2,318,491.71 April 2037 1-38-B Variable(2) $ 2,318,491.71 April 2037 1-39-A Variable(2) $ 2,248,072.88 April 2037 1-39-B Variable(2) $ 2,248,072.88 April 2037 1-40-A Variable(2) $ 2,179,733.24 April 2037 1-40-B Variable(2) $ 2,179,733.24 April 2037 1-41-A Variable(2) $ 2,113,511.46 April 2037 1-41-B Variable(2) $ 2,113,511.46 April 2037 1-42-A Variable(2) $ 2,049,236.26 April 2037 1-42-B Variable(2) $ 2,049,236.26 April 2037 1-43-A Variable(2) $ 1,986,991.39 April 2037 1-43-B Variable(2) $ 1,986,991.39 April 2037 1-44-A Variable(2) $ 1,926,505.63 April 2037 1-44-B Variable(2) $ 1,926,505.63 April 2037 1-45-A Variable(2) $ 1,867,912.82 April 2037 1-45-B Variable(2) $ 1,867,912.82 April 2037 1-46-B Variable(2) $ 1,811,076.81 April 2037 1-47-A Variable(2) $ 1,755,926.50 April 2037 1-47-B Variable(2) $ 1,755,926.50 April 2037 1-48-A Variable(2) $ 1,702,460.80 April 2037 1-48-B Variable(2) $ 1,702,460.80 April 2037 1-49-A Variable(2) $ 1,650,623.69 April 2037 1-49-B Variable(2) $ 1,650,623.69 April 2037 1-50-A Variable(2) $ 1,600,404.15 April 2037 1-50-B Variable(2) $ 1,600,404.15 April 2037 1-51-A Variable(2) $ 1,551,666.21 April 2037 1-51-B Variable(2) $ 1,551,666.21 April 2037 1-52-A Variable(2) $ 1,504,378.90 April 2037 1-52-B Variable(2) $ 1,504,378.90 April 2037 1-53-A Variable(2) $ 1,458,536.32 April 2037 Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) 1-53-B Variable(2) $ 1,458,536.32 April 2037 1-54-A Variable(2) $ 6,961,937.56 April 2037 1-54-B Variable(2) $ 6,961,937.56 April 2037 1-55-A Variable(2) $ 18,768,396.77 April 2037 1-55-B Variable(2) $ 18,768,396.77 April 2037 1-56-A Variable(2) $ 11,718,208.09 April 2037 1-56-B Variable(2) $ 11,718,208.09 April 2037 1-57-A Variable(2) $ 7,658,925.71 April 2037 1-57-B Variable(2) $ 7,658,925.71 April 2037 1-58-A Variable(2) $ 25,948.84 April 2037 1-58-B Variable(2) $ 25,948.84 April 2037 1-59-A Variable(2) $ 25,156.72 April 2037 1-59-B Variable(2) $ 25,156.72 April 2037 1-60-A Variable(2) $ 24,388.60 April 2037 1-60-B Variable(2) $ 24,388.60 April 2037 1-61-A Variable(2) $ 23,643.74 April 2037 1-61-B Variable(2) $ 23,643.74 April 2037 1-62-A Variable(2) $ 22,921.47 April 2037 1-62-B Variable(2) $ 22,921.47 April 2037 1-63-A Variable(2) $ 22,221.08 April 2037 1-63-B Variable(2) $ 22,221.08 April 2037 1-64-A Variable(2) $ 21,541.93 April 2037 1-64-B Variable(2) $ 21,541.93 April 2037 1-65-A Variable(2) $ 20,883.38 April 2037 1-65-B Variable(2) $ 20,883.38 April 2037 1-66-A Variable(2) $ 20,244.80 April 2037 1-66-B Variable(2) $ 20,244.80 April 2037 1-67-A Variable(2) $ 19,625.58 April 2037 1-67-B Variable(2) $ 19,625.58 April 2037 1-68-A Variable(2) $ 19,025.17 April 2037 1-68-B Variable(2) $ 19,025.17 April 2037 1-69-A Variable(2) $ 18,442.96 April 2037 1-69-B Variable(2) $ 18,442.96 April 2037 1-70-A Variable(2) $ 17,878.43 April 2037 1-70-B Variable(2) $ 17,878.43 April 2037 1-71-A Variable(2) $ 17,331.05 April 2037 1-71-B Variable(2) $ 17,331.05 April 2037 1-72-A Variable(2) $ 16,800.28 April 2037 1-72-B Variable(2) $ 16,800.28 April 2037 1-73-A Variable(2) $ 16,285.64 April 2037 1-73-B Variable(2) $ 16,285.64 April 2037 1-74-A Variable(2) $ 15,786.62 April 2037 1-74-B Variable(2) $ 15,786.62 April 2037 Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) 1-75-A Variable(2) $ 15,302.77 April 2037 1-75-B Variable(2) $ 15,302.77 April 2037 1-76-A Variable(2) $ 14,833.63 April 2037 1-76-B Variable(2) $ 14,833.63 April 2037 1-77-A Variable(2) $ 14,378.74 April 2037 1-77-B Variable(2) $ 14,378.74 April 2037 1-78-A Variable(2) $ 449,154.60 April 2037 1-78-B Variable(2) $ 449,154.60 April 2037 P Variable(2) $ 100.00 April 2037 OC Variable(2) $ 268,170,783.71 April 2037 ___________________
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty classes of certificates, designated as (as defined herein)i) the Class I-A-1 Certificates, (ii) the Class II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) the Class II-A-3 Certificates, (v) the Class II-A-4 Certificates, (vi) the Class M-1 Certificates, (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class M-10 Certificates, (xvi) the Class M-11 Certificates, (xvii) the Class C Certificates, (xviii) the Class P Certificates, (xvix) the Class R Certificates and (xx) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC Group I (as defined herein)Mortgage Loans, the Group II Mortgage Loans and certain other related assets subject to this Agreement (but exclusive of the Net WAC Rate Carryover Reserve Account, the Master Servicer Prepayment Charge Payment Amounts, the Swap Account and the Interest Rate Swap 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.1.” The REMIC I Regular Interests Class R-1 Interest will be the “regular interests” in REMIC I and the Class R-I Certificates will be represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate 1 Remittance Rate(2) Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 I Variable (2) $ 2,922,000.00 June 25, 2035 ___________________36,457,680.32 January 2036 I-1-A Variable $ 23,099,640.00 January 2036 I-1-B Variable $ 23,099,640.00 January 2036 I-2-A Variable $ 27,947,357.50 January 2036 I-2-B Variable $ 27,947,357.50 January 2036 I-3-A Variable $ 32,736,901.25 January 2036 I-3-B Variable $ 32,736,901.25 January 2036 I-4-A Variable $ 37,421,968.75 January 2036 I-4-B Variable $ 37,421,968.75 January 2036 I-5-A Variable $ 41,954,925.00 January 2036 I-5-B Variable $ 41,954,925.00 January 2036 I-6-A Variable $ 46,286,948.75 January 2036 I-6-B Variable $ 46,286,948.75 January 2036 I-7-A Variable $ 50,368,903.75 January 2036 I-7-B Variable $ 50,368,903.75 January 2036 I-8-A Variable $ 54,126,473.75 January 2036 I-8-B Variable $ 54,126,473.75 January 2036 I-9-A Variable $ 54,051,031.25 January 2036 I-9-B Variable $ 54,051,031.25 January 2036 I-10-A Variable $ 51,546,743.75 January 2036 I-10-B Variable $ 51,546,743.75 January 2036 I-11-A Variable $ 49,150,301.25 January 2036 I-11-B Variable $ 49,150,301.25 January 2036 I-12-A Variable $ 46,866,570.00 January 2036 I-12-B Variable $ 46,866,570.00 January 2036 I-13-A Variable $ 44,690,212.50 January 2036 I-13-B Variable $ 44,690,212.50 January 2036 I-14-A Variable $ 42,616,127.50 January 2036 I-14-B Variable $ 42,616,127.50 January 2036 I-15-A Variable $ 40,639,418.75 January 2036 I-15-B Variable $ 40,639,418.75 January 2036 I-16-A Variable $ 38,758,293.75 January 2036 I-16-B Variable $ 38,758,293.75 January 2036 I-17-A Variable $ 36,967,147.50 January 2036 I-17-B Variable $ 36,967,147.50 January 2036 I-18-A Variable $ 35,264,071.25 January 2036 I-18-B Variable $ 35,264,071.25 January 2036 I-19-A Variable $ 33,953,441.25 January 2036 I-19-B Variable $ 33,953,441.25 January 2036 I-20-A Variable $ 70,592,941.25 January 2036 I-20-B Variable $ 70,592,941.25 January 2036 I-21-A Variable $ 85,972,655.00 January 2036 I-21-B Variable $ 85,972,655.00 January 2036 I-22-A Variable $ 71,862,706.25 January 2036 I-22-B Variable $ 71,862,706.25 January 2036 I-23-A Variable $ 60,008,702.50 January 2036 I-23-B Variable $ 60,008,702.50 January 2036 I-24-A Variable $ 34,223,337.50 January 2036 I-24-B Variable $ 34,223,337.50 January 2036 I-25-A Variable $ 19,266,568.75 January 2036 I-25-B Variable $ 19,266,568.75 January 2036 I-26-A Variable $ 18,194,422.50 January 2036 I-26-B Variable $ 18,194,422.50 January 2036 I-27-A Variable $ 17,227,297.50 January 2036 I-27-B Variable $ 17,227,297.50 January 2036 I-28-A Variable $ 16,313,706.25 January 2036 I-28-B Variable $ 16,313,706.25 January 2036 I-29-A Variable $ 15,450,972.50 January 2036 I-29-B Variable $ 15,450,972.50 January 2036 I-30-A Variable $ 14,635,982.50 January 2036 I-30-B Variable $ 14,635,982.50 January 2036 I-31-A Variable $ 13,866,007.50 January 2036 I-31-B Variable $ 13,866,007.50 January 2036 I-32-A Variable $ 13,138,326.25 January 2036 I-32-B Variable $ 13,138,326.25 January 2036 I-33-A Variable $ 12,450,007.50 January 2036 I-33-B Variable $ 12,450,007.50 January 2036 I-34-A Variable $ 11,800,291.25 January 2036 I-34-B Variable $ 11,800,291.25 January 2036 I-35-A Variable $ 11,186,247.50 January 2036 I-35-B Variable $ 11,186,247.50 January 2036 I-36-A Variable $ 10,605,783.75 January 2036 I-36-B Variable $ 10,605,783.75 January 2036 I-37-A Variable $ 10,056,988.75 January 2036 I-37-B Variable $ 10,056,988.75 January 2036 I-38-A Variable $ 9,538,071.25 January 2036 I-38-B Variable $ 9,538,071.25 January 2036 I-39-A Variable $ 9,047,342.50 January 2036 I-39-B Variable $ 9,047,342.50 January 2036 I-40-A Variable $ 8,583,208.75 January 2036 I-40-B Variable $ 8,583,208.75 January 2036 I-41-A Variable $ 8,144,183.75 January 2036 I-41-B Variable $ 8,144,183.75 January 2036 I-42-A Variable $ 7,728,843.75 January 2036 I-42-B Variable $ 7,728,843.75 January 2036 I-43-A Variable $ 154,382,580.00 January 2036 I-43-B Variable $ 154,382,580.00 January 2036 P Variable $ 100.00 January 2036
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-two classes of certificates, designated as (as defined herein)i) the Class A-1A1 Certificates, (ii) the Class A-1A2 Certificates, (iii) the Class A-1B Certificates, (iv) the Class A-1F Certificates, (v) the Class A-2 Certificates, (vi) the Class A-3 Certificates, (vii) the Class M-1 Certificates, (viii) the Class M-2 Certificates, (ix) the Class M-3 Certificates, (x) the Class M-4 Certificates, (xi) the Class M-5 Certificates, (xii) the Class M-6 Certificates, (xiii) the Class M-7 Certificates, (xiv) the Class M-8 Certificates, (xv) the Class M-9 Certificates, (xvi) the Class B-1 Certificates, (xvii) the Class P Certificates, (xviii) the Class X-1 Certificates, (xix) the Class X-2 Certificates, (xx) the Class X-S Certificates, (xxi) the Class A-R Certificates and (xxii) the Class A-RL Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this AgreementAgreement (exclusive of the Pre-Funding Account, Basis Risk Reserve Fund, Swap Account, the Capitalized Interest Account, the Supplemental Interest Trust and the Subsequent Mortgage Loan Interest) 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.” 1." The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class RA-I RL Certificates will be represent the sole class of “"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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 1 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 Pass-Through Rate, Rate and the initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC 1 (the "REMIC 1 Regular Interests"). None of the REMIC 1 Regular Interests will be certificated. 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 ) of each of the REMIC I Regular Interests. The REMIC I 1 Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance the Latest Possible Maturity(1Maturity Date as defined herein. INITIAL UNCERTIFICATED REMIC 1 UNCERTIFICATED DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE ----------- ----------------- ----------------- LTI-1 Variable(1) M-3 Variable $ 501,666,393.49 LTI-PF Variable(1) $ 73,333,806.51 LTI-S1 Variable(1) (2) $ 2,922,000.00 June 25, 2035 ___________________LTI-S2 Variable(1) (2) ------------------- (1) Calculated as provided in the definition of Uncertificated REMIC 1 Pass-Through Rate.
Appears in 1 contract
Samples: Custodial Agreement (Home Equity Mortgage Pass-Through Certificates, Series 2006-1)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of ten classes of certificates, designated as (as defined herein)i) the Class A-1 Certificates, (ii) the Class A-2 Certificates, (iii) the Class A-3 Certificates, (iv) the Class A-4 Certificates, (v) the Class A-5 Certificates, (vi) the Class A-6 Certificates, (vii) the Class A-7 Certificates, (viii) the Class A-8 Certificates, (ix) the Class P Certificates and (x) the Class R Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement, Agreement (exclusive of the Pre-Funding Accounts and the Interest Coverage Accounts) 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.” " The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates Interest will be represent the sole class of “"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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the Uncertificated REMIC I Regular Interests. The None of the REMIC I Regular Interests will not be certificated. Uncertificated REMIC I Regular Interest Initial Uncertificated Assumed Final Designation REMIC I Pass- Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date (1) M-3 ----------- ----------------- ----------------- ----------------- I-LT1 Variable(2) $211,312,141.10 May 25, 2029 I-LT2 Vxxxxxxx(0) $23,479,137.90 May 25, 2029 II-LT1 Variable(2) $34,589,884.50 May 25, 2029 II-LT2 Variable (2) $ 2,922,000.00 June $3,843,320.50 May 25, 2035 ___________________2029 III-LT1 Variable (2) $87,025,909.50 May 25, 2029 III-LT2 Variable (2) $9,669,545.50 May 25, 2029 Class P N/A $100.00 May 25, 2029
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Opt One Mort Accept Corp Loan Tr Asset Bk Cert Ser 1999-2)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of sixteen classes of certificates, designated as (as defined herein)i) the Class A1-A Certificates, (ii) the Class A1-B Certificates, (iii) the Class A1-C Certificates, (iv) the Class AM Certificates, (v) the Class M-1 Certificates, (vi) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (viii) the Class M-4 Certificates, (ix) the Class M-5 Certificates, (x) the Class M-6 Certificates, (xi) the Class M-7 Certificates, (xii) the Class M-8 Certificates, (xiii) the Class B Certificates, (xiv) the Class C Certificates, (xv) the Class P Certificates and (xvi) the Class R Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election elect to treat the entire segregated pool of assets described in consisting of the definition Mortgage Loans and certain other related assets (other than the Net WAC Shortfall Reserve Fund, any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Account, the Interest Coverage Account, the Class M Interest Reserve Fund and, for the avoidance of REMIC I (as defined herein)doubt, the Supplemental Interest Trust, the Derivative Account, the Cap Contracts, the Collateral Account and the Interest Rate Swap Agreement) subject to this Agreement, Agreement as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates R-1 Interest will be the sole class of “residual interests” Residual Interests in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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 1 Regular InterestsInterests (as defined herein). The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date (1) M-3 Variable (21-1-A Variable(2) $ 2,922,000.00 June 1,291,504.09 September 25, 2035 2037 1-1-B Variable(2) $ 1,291,504.09 September 25, 2037 1-2-A Variable(2) $ 2,392,637.16 September 25, 2037 1-2-B Variable(2) $ 2,392,637.16 September 25, 2037 1-3-A Variable(2) $ 3,515,987.98 September 25, 2037 1-3-B Variable(2) $ 3,515,987.98 September 25, 2037 1-4-A Variable(2) $ 4,652,077.16 September 25, 2037 1-4-B Variable(2) $ 4,652,077.16 September 25, 2037 1-5-A Variable(2) $ 5,790,398.31 September 25, 2037 1-5-B Variable(2) $ 5,790,398.31 September 25, 2037 1-6-A Variable(2) $ 6,916,224.67 September 25, 2037 Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) 1-6-B Variable(2) $ 6,916,224.67 September 25, 2037 1-7-A Variable(2) $ 8,020,326.33 September 25, 2037 1-7-B Variable(2) $ 8,020,326.33 September 25, 2037 1-8-A Variable(2) $ 9,083,173.44 September 25, 2037 1-8-B Variable(2) $ 9,083,173.44 September 25, 2037 1-9-A Variable(2) $ 10,058,672.05 September 25, 2037 1-9-B Variable(2) $ 10,058,672.05 September 25, 2037 1-10-A Variable(2) $ 10,765,542.83 September 25, 2037 1-10-B Variable(2) $ 10,765,542.83 September 25, 2037 1-11-A Variable(2) $ 11,463,933.03 September 25, 2037 1-11-B Variable(2) $ 11,463,933.03 September 25, 2037 1-12-A Variable(2) $ 11,644,488.25 September 25, 2037 1-12-B Variable(2) $ 11,644,488.25 September 25, 2037 1-13-A Variable(2) $ 11,067,336.89 September 25, 2037 1-13-B Variable(2) $ 11,067,336.89 September 25, 2037 1-14-A Variable(2) $ 10,518,483.57 September 25, 2037 1-14-B Variable(2) $ 10,518,483.57 September 25, 2037 1-15-A Variable(2) $ 9,996,426.10 September 25, 2037 1-15-B Variable(2) $ 9,996,426.10 September 25, 2037 1-16-A Variable(2) $ 9,499,998.27 September 25, 2037 1-16-B Variable(2) $ 9,499,998.27 September 25, 2037 1-17-A Variable(2) $ 9,027,876.59 September 25, 2037 1-17-B Variable(2) $ 9,027,876.59 September 25, 2037 1-18-A Variable(2) $ 8,578,837.10 September 25, 2037 1-18-B Variable(2) $ 8,578,837.10 September 25, 2037 1-19-A Variable(2) $ 8,151,847.46 September 25, 2037 1-19-B Variable(2) $ 8,151,847.46 September 25, 2037 1-20-A Variable(2) $ 7,798,892.21 September 25, 2037 1-20-B Variable(2) $ 7,798,892.21 September 25, 2037 1-21-A Variable(2) $ 7,396,029.40 September 25, 2037 1-21-B Variable(2) $ 7,396,029.40 September 25, 2037 1-22-A Variable(2) $ 7,016,763.42 September 25, 2037 1-22-B Variable(2) $ 7,016,763.42 September 25, 2037 1-23-A Variable(2) $ 6,425,008.72 September 25, 2037 1-23-B Variable(2) $ 6,425,008.72 September 25, 2037 1-24-A Variable(2) $ 3,611,587.50 September 25, 2037 1-24-B Variable(2) $ 3,611,587.50 September 25, 2037 1-25-A Variable(2) $ 3,502,440.00 September 25, 2037 1-25-B Variable(2) $ 3,502,440.00 September 25, 2037 1-26-A Variable(2) $ 3,396,127.50 September 25, 2037 1-26-B Variable(2) $ 3,396,127.50 September 25, 2037 1-27-A Variable(2) $ 3,293,460.00 September 25, 2037 1-27-B Variable(2) $ 3,293,460.00 September 25, 2037 Designation Uncertificated REMIC 1 Pass-Through Rate Latest Possible Maturity Date (1) 1-28-A Variable(2) $ 3,193,627.50 September 25, 2037 1-28-B Variable(2) $ 3,193,627.50 September 25, 2037 1-29-A Variable(2) $ 3,096,832.50 September 25, 2037 1-29-B Variable(2) $ 3,096,832.50 September 25, 2037 1-30-A Variable(2) $ 3,003,075.00 September 25, 2037 1-30-B Variable(2) $ 3,003,075.00 September 25, 2037 1-31-A Variable(2) $ 2,911,950.00 September 25, 2037 1-31-B Variable(2) $ 2,911,950.00 September 25, 2037 1-32-A Variable(2) $ 2,823,862.50 September 25, 2037 1-32-B Variable(2) $ 2,823,862.50 September 25, 2037 1-33-A Variable(2) $ 2,738,205.00 September 25, 2037 1-33-B Variable(2) $ 2,738,205.00 September 25, 2037 1-34-A Variable(2) $ 2,654,977.50 September 25, 2037 1-34-B Variable(2) $ 2,654,977.50 September 25, 2037 1-35-A Variable(2) $ 2,574,585.00 September 25, 2037 1-35-B Variable(2) $ 2,574,585.00 September 25, 2037 1-36-A Variable(2) $ 20,079,787.50 September 25, 2037 1-36-B Variable(2) $ 20,079,787.50 September 25, 2037 1-37-A Variable(2) $ 1,882,755.00 September 25, 2037 1-37-B Variable(2) $ 1,882,755.00 September 25, 2037 1-38-A Variable(2) $ 1,825,582.50 September 25, 2037 1-38-B Variable(2) $ 1,825,582.50 September 25, 2037 1-39-A Variable(2) $ 1,770,300.00 September 25, 2037 1-39-B Variable(2) $ 1,770,300.00 September 25, 2037 1-40-A Variable(2) $ 1,716,435.00 September 25, 2037 1-40-B Variable(2) $ 1,716,435.00 September 25, 2037 1-41-A Variable(2) $ 1,664,460.00 September 25, 2037 1-41-B Variable(2) $ 1,664,460.00 September 25, 2037 1-42-A Variable(2) $ 1,613,745.00 September 25, 2037 1-42-B Variable(2) $ 1,613,745.00 September 25, 2037 1-43-A Variable(2) $ 1,564,762.50 September 25, 2037 1-43-B Variable(2) $ 1,564,762.50 September 25, 2037 1-44-A Variable(2) $ 1,517,355.00 September 25, 2037 1-44-B Variable(2) $ 1,517,355.00 September 25, 2037 1-45-A Variable(2) $ 1,471,050.00 September 25, 2037 1-45-B Variable(2) $ 1,471,050.00 September 25, 2037 1-46-A Variable(2) $ 1,426,477.50 September 25, 2037 1-46-B Variable(2) $ 1,426,477.50 September 25, 2037 1-47-A Variable(2) $ 1,383,007.50 September 25, 2037 1-47-B Variable(2) $ 1,383,007.50 September 25, 2037 1-48-A Variable(2) $ 1,341,112.50 September 25, 2037 1-48-B Variable(2) $ 1,341,112.50 September 25, 2037 1-49-A Variable(2) $ 1,300,162.50 September 25, 2037 Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) 1-49-B Variable(2) $ 1,300,162.50 September 25, 2037 1-50-A Variable(2) $ 1,260,630.00 September 25, 2037 1-50-B Variable(2) $ 1,260,630.00 September 25, 2037 1-51-A Variable(2) $ 1,222,357.50 September 25, 2037 1-51-B Variable(2) $ 1,222,357.50 September 25, 2037 1-52-A Variable(2) $ 1,185,030.00 September 25, 2037 1-52-B Variable(2) $ 1,185,030.00 September 25, 2037 1-53-A Variable(2) $ 1,148,962.50 September 25, 2037 1-53-B Variable(2) $ 1,148,962.50 September 25, 2037 1-54-A Variable(2) $ 1,113,997.50 September 25, 2037 1-54-B Variable(2) $ 1,113,997.50 September 25, 2037 1-55-A Variable(2) $ 1,080,135.00 September 25, 2037 1-55-B Variable(2) $ 1,080,135.00 September 25, 2037 1-56-A Variable(2) $ 1,047,217.50 September 25, 2037 1-56-B Variable(2) $ 1,047,217.50 September 25, 2037 1-57-A Variable(2) $ 1,015,245.00 September 25, 2037 1-57-B Variable(2) $ 1,015,245.00 September 25, 2037 1-58-A Variable(2) $ 984,375.00 September 25, 2037 1-58-B Variable(2) $ 984,375.00 September 25, 2037 1-59-A Variable(2) $ 954,292.50 September 25, 2037 1-59-B Variable(2) $ 954,292.50 September 25, 2037 1-60-A Variable(2) $ 30,051,630.00 September 25, 2037 1-60-B Variable(2) $ 30,051,630.00 September 25, 2037 P Variable(2) $ 100.00 September 25, 2037 OC Variable(2) $ 196,613,419.09 September 25, 2037 ________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Impac Secured Assets Trust 2007-3)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund created hereunder. As provided hereinThe Certificates will consist of twenty-two Classes of Certificates, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and 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 I.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and (i) the Class R-I Certificates will be the sole class of “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 Trustee will makeA-1, in accordance with Section 9.12, a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0A-2, Class A-3, Class A-4A-4 and Class A-5 Certificates, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of ii) the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, (iii) the Class B-1, Class B-2 B-2, Class B-3 and Class B-3 B-4 Certificates, (iv) the Class P Certificates, (v) the Class CE-1 and Class CE-2 Certificates, (vi) the Class R Certificates and (vii) the Class R-X Certificates. The Depositor hereby assigns to the Trustee, acting on behalf of the Certificateholders its interests and rights in the Mortgage Loans. As provided herein, for federal income tax purposes, the Trustee will elect to treat the segregated pools of assets subject to this Agreement (exclusive of the Cap Account, the Basis Risk Reserve Fund, the Supplemental Interest Trust and the Swap Account) as ten real estate mortgage investment conduits (each, a “REMIC”): the Subsidiary REMIC 1, the Subsidiary REMIC 2, the Intermediate REMIC, the Master REMIC, the Class XX XXXXX, the Class P REMIC and the four Class B REMICs. The Subsidiary REMIC 1 will consist of (a) all of the assets constituting the Group 1 Mortgage Loans and all of the assets constituting the Group 2 Mortgage Loans, exclusive of any amounts payable to the Class CE-2 Certificates. The Subsidiary REMIC 1 will issue (1) the REMIC regular interests in Subsidiary REMIC 1 (the “Subsidiary REMIC 1 Regular Interests”) and (2) the SR1 Interest. The Subsidiary REMIC 1 Regular Interests will be uncertificated and will represent the “regular interests” in the Subsidiary REMIC II1 and the SR1 Interest will represent the single class of “residual interest” in the Subsidiary REMIC 1. The Subsidiary REMIC 2 will consist of all amounts distributable in respect of the Class CE-2 Certificates. The Subsidiary REMIC 2 will issue (1) the Class CE-2 Certificates and (2) the SR2 Interest. The Trustee will hold the Subsidiary REMIC 1 Regular Interests for the benefit of the Intermediate REMIC. The assets of the Intermediate REMIC will consist of the Subsidiary REMIC 1 Regular Interests and the interests in the Intermediate REMIC will be evidenced by (i) the Intermediate REMIC Regular Interests, which will be uncertificated and will represent the “regular interests” in the Intermediate REMIC and (ii) the IR Interest, which will represent the single class of “residual interest” in the Intermediate REMIC. The Trustee will hold the Intermediate REMIC Regular Interests for the benefit of the Master REMIC. The assets of the Master REMIC will consist of the Intermediate REMIC Regular Interests and the interests in the Master REMIC will be evidenced by (i) the Regular Certificates (other than the Class CE-1, Class CE-2, Class P and Class B Certificates), the Class CEM Interest, the Class PM Interest and the four Class BM Interests, which will represent the “regular interests” in the Master REMIC and (ii) the Class MR Interest, which will represent the single class of “residual interest” in the Master REMIC. The Trustee will hold the Class CEM Interest in the Master REMIC for the benefit of the Class XX XXXXX. The assets of the Class XX XXXXX will consist of the Class CEM Interest in the Master REMIC and interests in the Class XX XXXXX will be evidenced by (i) the Class CE-1 Certificate, which will represent the “regular interests” in the Class XX XXXXX and (ii) the Class CER-X Interest, which will represent the single class of “residual interest” in the Class XX XXXXX. The Trustee will hold the Class PM Interest in the Master REMIC for the benefit of the Class P REMIC. The assets of the Class P REMIC will consist of the Class PM Interest in the Master REMIC and interests in the Class P REMIC will be evidenced by (i) the Class P Certificate, which will represent the “regular interests” in the Class P REMIC and (ii) the Class PR-X Interest, which will represent the single class of “residual interest” in the Class P REMIC. The Trustee will hold each Class BM Interest in the Master REMIC for the benefit of a separate Class B REMIC. The assets of each Class B REMIC will consist of a single Class BM Interest in the Master REMIC and interests in each Class B REMIC will be evidenced by (i) a separately numbered Class B Certificate, which will represent the “regular interest” in that Class B REMIC and (ii) a separately numbered, uncertificated Class BR Interest, which will represent the single class of “residual interest” in that Class B REMIC. The Class R Certificates will represent ownership of the Class SR1, Class SR2, Class IR, and Class MR Interests, and the Class R-II X Certificates will be the sole class of “residual interests” therein for purposes represent ownership of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth residual interest in each of the designationClass XX XXXXX, the Class P REMIC I Pass-Through Rate, and the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the four Class B REMICs. The “latest possible maturity date” for federal income tax purposes of all REMICs, and regular and residual interests created hereunder is the REMIC I Regular Interests36th month following the month of the scheduled maturity of the Mortgage Loan held in the Trust Fund as of the Closing Date having the latest maturity date. The Subsidiary REMIC I Regular Interests 1 The Subsidiary REMIC 1 Interests, each of which (except for the Class SR1 Interests) is hereby designated a REMIC regular interest for federal income tax purposes, will not be certificated. have the principal balances and pass-through rates as set forth in the following table: Subsidiary REMIC I Regular Interest 1 Lower Tier Class Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Subsidiary REMIC 1 Lower Tier Interest Rate Class LT1-Pool (1) M-3 Variable (1) Class LT1-F1 $ 8,455,574.51 (2) Class LT1-V1 $ 2,922,000.00 June 25, 2035 ___________________8,455,574.51 (3) Class LT1-F2 $ 9,745,591.63 (2) Class LT1-V2 $ 9,745,591.63 (3) Class LT1-F3 $ 10,971,141.89 (2) Class LT1-V3 $ 10,971,141.89 (3) Class LT1-F4 $ 12,147,327.14 (2) Class LT1-V4 $ 12,147,327.14 (3) Class LT1-F5 $ 13,246,206.33 (2) Class LT1-V5 $ 13,246,206.33 (3) Class LT1-F6 $ 14,274,602.86 (2) Class LT1-V6 $ 14,274,602.86 (3) Class LT1-F7 $ 15,152,326.46 (2) Class LT1-V7 $ 15,152,326.46 (3) Class LT1-F8 $ 15,511,251.03 (2) Class LT1-V8 $ 15,511,251.03 (3) Class LT1-F9 $ 15,437,985.87 (2) Class LT1-V9 $ 15,437,985.87 (3) Class LT1-F10 $ 15,088,232.42 (2) Class LT1-V10 $ 15,088,232.42 (3) Class LT1-F11 $ 14,534,144.56 (2) Class LT1-V11 $ 14,534,144.56 (3) Class LT1-F12 $ 13,875,556.71 (2) Class LT1-V12 $ 13,875,556.71 (3) Class LT1-F13 $ 13,243,216.32 (2) Class LT1-V13 $ 13,243,216.32 (3) Class LT1-F14 $ 12,650,928.67 (2) Class LT1-V14 $ 12,650,928.67 (3) Class LT1-F15 $ 12,100,883.68 (2) Class LT1-V15 $ 12,100,883.68 (3) Class LT1-F16 $ 11,559,804.60 (2) Class LT1-V16 $ 11,559,804.60 (3) Class LT1-F17 $ 11,062,424.83 (2) Class LT1-V17 $ 11,062,424.83 (3) Class LT1-F18 $ 10,610,513.60 (2) Class LT1-V18 $ 10,610,513.60 (3) Class LT1-F19 $ 19,978,798.39 (2) Class LT1-V19 $ 19,978,798.39 (3) Class LT1-F20 $ 32,131,670.88 (2) Class LT1-V20 $ 32,131,670.88 (3) Class LT1-F21 $ 12,512,363.37 (2) Class LT1-V21 $ 12,512,363.37 (3) Class LT1-F22 $ 24,913,525.07 (2) Class LT1-V22 $ 24,913,525.07 (3) Class LT1-F23 $ 11,224,061.29 (2) Class LT1-V23 $ 11,224,061.29 (3) Class LT1-F24 $ 5,764,043.39 (2) Class LT1-V24 $ 5,764,043.39 (3)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (C-Bass 2006-Cb7 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage pass-through certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee Servicer will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a real estate mortgage investment conduit (a “"REMIC”") for federal income tax purposes and such segregated pool of assets will be designated as “the "Trust Fund". The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, each of the Uncertificated REMIC I.” The REMIC I Regular Interests (as defined herein), Class M Certificates and Class B Certificates will be the “represent ownership of "regular interests” " in REMIC I the REMIC, and the Class R-I R Certificates will be the sole class of “"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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 Class A-5 Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC I Regular Interests. The following table irrevocably sets forth the designation, the REMIC I type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and certain features for each Class of Certificates comprising the initial Uncertificated interests in the Trust Fund created hereunder. <TABLE> Aggregate Initial Designation Type Pass-Through Rate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________----------- ------------------------ ----------------- -----------------------------
Appears in 1 contract
Samples: Custodial Agreement (Stanwich Asset Acceptance CO LLC)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of nineteen classes of certificates, designated as (as defined herein)i) the Class I-A-1 Certificates, (ii) the Class II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) Class II-A-3 Certificates, (v) the Class II-A-4 Certificates, (vi) the Class M-1 Certificates (vii) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class M-10 Certificates, (xvi) the Class C Certificates, (xvii) the Class P Certificates, (xviii) the Class R Certificates and (xix) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Net WAC Rate Carryover Reserve Account, the Swap Account, any Servicer Prepayment Charge Payment Amounts, the Supplemental Interest Trust, the Cap Trust, the Interest Rate Cap Agreement, the Cap Account, the Cap Allocation Agreement, the Interest Rate Swap Agreement and the Basis Risk Cap Agreement) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable (2I Variable(2) $ 2,922,000.00 June 43,038,994.50 July 25, 2035 2037 I-1-A Variable(2) $ 6,129,095.00 July 25, 2037 I-1-B Variable(2) $ 6,129,095.00 July 25, 2037 I-2-B Variable(2) $ 6,812,836.25 July 25, 2037 I-3-A Variable(2) $ 7,466,911.25 July 25, 2037 I-3-B Variable(2) $ 7,466,911.25 July 25, 2037 I-4-A Variable(2) $ 8,081,538.75 July 25, 2037 I-4-B Variable(2) $ 8,081,538.75 July 25, 2037 I-5-B Variable(2) $ 8,481,060.00 July 25, 2037 I-6-B Variable(2) $ 8,170,468.75 July 25, 2037 I-7-A Variable(2) $ 7,869,093.75 July 25, 2037 I-7-B Variable(2) $ 7,869,093.75 July 25, 2037 I-8-B Variable(2) $ 7,578,945.00 July 25, 2037 I-9-B Variable(2) $ 7,299,601.25 July 25, 2037 I-10-A Variable(2) $ 7,030,656.25 July 25, 2037 I-10-B Variable(2) $ 7,030,656.25 July 25, 2037 I-11-A Variable(2) $ 6,771,720.00 July 25, 2037 I-11-B Variable(2) $ 6,771,720.00 July 25, 2037 I-12-B Variable(2) $ 6,522,417.50 July 25, 2037 I-13-A Variable(2) $ 6,282,387.50 July 25, 2037 I-13-B Variable(2) $ 6,282,387.50 July 25, 2037 I-14-B Variable(2) $ 6,051,280.00 July 25, 2037 I-15-B Variable(2) $ 6,072,953.75 July 25, 2037 I-16-B Variable(2) $ 27,762,252.50 July 25, 2037 I-17-B Variable(2) $ 77,904,133.75 July 25, 2037 I-18-A Variable(2) $ 2,824,771.25 July 25, 2037 I-18-B Variable(2) $ 2,824,771.25 July 25, 2037 I-19-A Variable(2) $ 2,266,532.50 July 25, 2037 I-19-B Variable(2) $ 2,266,532.50 July 25, 2037 I-20-B Variable(2) $ 1,969,250.00 July 25, 2037 I-21-B Variable(2) $ 1,368,276.25 July 25, 2037 I-24-B Variable(2) $ 1,231,562.50 July 25, 2037 I-25-B Variable(2) $ 1,189,288.75 July 25, 2037 I-26-B Variable(2) $ 1,148,558.75 July 25, 2037 I-27-A Variable(2) $ 1,109,312.50 July 25, 2037 I-27-B Variable(2) $ 1,109,312.50 July 25, 2037 I-28-A Variable(2) $ 1,401,328.75 July 25, 2037 I-28-B Variable(2) $ 1,401,328.75 July 25, 2037 I-29-A Variable(2) $ 2,757,042.50 July 25, 2037 I-29-B Variable(2) $ 2,757,042.50 July 25, 2037 I-30-A Variable(2) $ 903,043.75 July 25, 2037 I-30-B Variable(2) $ 903,043.75 July 25, 2037 I-32-B Variable(2) $ 845,446.25 July 25, 2037 I-33-A Variable(2) $ 818,115.00 July 25, 2037 I-33-B Variable(2) $ 818,115.00 July 25, 2037 I-34-B Variable(2) $ 791,716.25 July 25, 2037 I-35-A Variable(2) $ 766,212.50 July 25, 2037 I-35-B Variable(2) $ 766,212.50 July 25, 2037 I-36-B Variable(2) $ 741,576.25 July 25, 2037 I-37-B Variable(2) $ 717,772.50 July 25, 2037 I-38-A Variable(2) $ 694,773.75 July 25, 2037 I-38-B Variable(2) $ 694,773.75 July 25, 2037 I-39-A Variable(2) $ 672,548.75 July 25, 2037 I-39-B Variable(2) $ 672,548.75 July 25, 2037 I-40-A Variable(2) $ 651,071.25 July 25, 2037 I-40-B Variable(2) $ 651,071.25 July 25, 2037 I-41-A Variable(2) $ 630,315.00 July 25, 2037 I-41-B Variable(2) $ 630,315.00 July 25, 2037 I-42-A Variable(2) $ 610,253.75 July 25, 2037 I-42-B Variable(2) $ 610,253.75 July 25, 2037 I-43-A Variable(2) $ 590,862.50 July 25, 2037 I-43-B Variable(2) $ 590,862.50 July 25, 2037 I-44-A Variable(2) $ 572,116.25 July 25, 2037 I-44-B Variable(2) $ 572,116.25 July 25, 2037 I-45-A Variable(2) $ 553,995.00 July 25, 2037 I-45-B Variable(2) $ 553,995.00 July 25, 2037 I-47-A Variable(2) $ 519,536.25 July 25, 2037 I-47-B Variable(2) $ 519,536.25 July 25, 2037 I-48-A Variable(2) $ 503,155.00 July 25, 2037 I-48-B Variable(2) $ 503,155.00 July 25, 2037 I-49-A Variable(2) $ 487,316.25 July 25, 2037 I-49-B Variable(2) $ 487,316.25 July 25, 2037 I-50-A Variable(2) $ 471,998.75 July 25, 2037 I-50-B Variable(2) $ 471,998.75 July 25, 2037 I-51-B Variable(2) $ 500,378.75 July 25, 2037 I-52-A Variable(2) $ 755,640.00 July 25, 2037 I-52-B Variable(2) $ 755,640.00 July 25, 2037 I-53-B Variable(2) $ 1,392,298.75 July 25, 2037 I-54-B Variable(2) $ 353,277.50 July 25, 2037 I-55-A Variable(2) $ 343,247.50 July 25, 2037 I-55-B Variable(2) $ 343,247.50 July 25, 2037 I-56-A Variable(2) $ 333,502.50 July 25, 2037 I-56-B Variable(2) $ 333,502.50 July 25, 2037 I-57-A Variable(2) $ 324,031.25 July 25, 2037 I-57-B Variable(2) $ 324,031.25 July 25, 2037 I-58-A Variable(2) $ 314,827.50 July 25, 2037 I-58-B Variable(2) $ 314,827.50 July 25, 2037 I-60-B Variable(2) $ 297,195.00 July 25, 2037 I-61-A Variable(2) $ 288,750.00 July 25, 2037 I-61-B Variable(2) $ 288,750.00 July 25, 2037 I-62-B Variable(2) $ 280,543.75 July 25, 2037 I-63-A Variable(2) $ 272,570.00 July 25, 2037 I-63-B Variable(2) $ 272,570.00 July 25, 2037 I-64-B Variable(2) $ 264,821.25 July 25, 2037 I-65-A Variable(2) $ 257,291.25 July 25, 2037 I-65-B Variable(2) $ 257,291.25 July 25, 2037 I-66-A Variable(2) $ 8,724,053.75 July 25, 2037 I-66-B Variable(2) $ 8,724,053.75 July 25, 2037 P Variable(2) $ 100.00 July 25, 2037 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-Opt3)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series 2006-7 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund. The Certificates will consist of fourteen classes of certificates, designated as (as defined herein)i) the Class 1A Certificates, (ii) the Class 2A-1A Certificates, (iii) the Class 2A-1B Certificates, (iv) the Class 2A-1C Certificates, (v) the Class B-1 Certificates, (vi) the Class B-2 Certificates, (vii) Class B-3 Certificates, (viii) the Class B-4 Certificates, (ix) the Class B-5 Certificates, (x) the Class B-6 Certificates, (xi) the Class B-7 Certificates, (xii) the Class C Certificates, (xiii) the Class P Certificates, (xiv) the Class R Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) for For federal income tax purposes purposes, the Trust Fund (exclusive of the assets held in the Basis Risk Reserve Fund, the Yield Maintenance Trust, the Yield Maintenance Account, the Yield Maintenance Agreement, the Final Maturity Reserve Trust and such segregated pool of assets will be designated as “REMIC I.” The REMIC I Regular Interests will be the Final Maturity Reserve Account (the “regular interestsExcluded Trust Property”)) comprises two REMICs in a tiered REMIC structure—the “Lower-Tier REMIC” in REMIC I and the “Upper-Tier REMIC.” Each Certificate, other than the Class RR Certificate, shall represent ownership of a regular interest in the Upper-I Tier REMIC, as described herein. The LIBOR Certificates will be also represent the right to receive (i) payments in respect of the Final Maturity Reserve Account, (ii) payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07 and (ii) payments in respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided in Section 5.01(h). The owners of the Class C Certificates beneficially own the Basis Risk Reserve Fund, the Final Maturity Reserve Account, the Final Maturity Reserve Trust, the Yield Maintenance Trust, and the Yield Maintenance Account. The Class R Certificate represents the sole class of residual interest in the Upper-Tier REMIC. The Lower-Tier REMIC will hold as its assets all of the assets constituting the Trust Fund (exclusive of the Excluded Trust Property) and will issue interests (the “Lower-Tier Regular Interests”) (which will be uncertificated and will represent the regular interests in the Lower-Tier REMIC) and a residual interests” interest (the “Class LT-R Interest”) which will also be uncertificated and which will represent the sole class of residual interest in REMIC I for the Lower-Tier REMIC. The Trustee will hold the Lower-Tier Regular Interests as assets of the Upper-Tier REMIC. For purposes of the REMIC Provisions (as defined herein) under Provisions, the federal income tax lawstartup day for the Lower-Tier REMIC and the Upper-Tier REMIC is the Closing Date. A segregated pool of assets consisting of the All REMIC I Regular Interests regular and residual interests created hereby will be designated as “retired on or before the Latest Possible Maturity Date. Lower-Tier REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth (or describes) the designation, interest rate, and initial principal balance of each Lower-Tier Interest in the Lower-Tier REMIC, each of which, other than the LT-R Lower-Tier Interest) is hereby designated as a regular interest in the Lower-Tier REMIC I Pass(the “Lower-Through Rate, the initial Uncertificated Tier Regular Interests): Designation Interest Rate Initial Principal Balance and, for purposes Corresponding Class of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC Certificate LT-1A (1) $ 378,188,000.00 1A LT-2A-1A (1) $ 343,503,500.00 2A-1A LT-2A-1B (1) $ 143,126,500.00 2A-1B LT-2A-1C (1) $ 85,876,000.00 2A-1C LT-Q (1) $ 1,008,387,422.20 N/A LT-I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________(2) N/A LT-R (3) (3) N/A
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Harborview 2006-7)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series 2006-14 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund. The Certificates will consist of sixteen classes of certificates, designated as (as defined herein)i) the Class 1A-1A Certificates, (ii) the Class 2A-1A Certificates, (iii) the Class 2A-1B Certificates, (iv) the Class 2A-1C Certificates, (v) the Class 2A-2C Certificates, (vi) the Class B-1 Certificates, (vii) the Class B-2 Certificates, (viii) Class B-3 Certificates, (ix) the Class B-4 Certificates, (x) the Class B-5 Certificates, (xi) the Class B-6 Certificates, (xii) the Class B-7 Certificates, (xiii) the Class C Certificates, (xiv) the Class P Certificates, (xv) the Class ES Certificates and (xvi) the Class R Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) for For federal income tax purposes purposes, the Trust Fund (exclusive of the assets held in the Prefunding Account, the Capitalized Interest Account, the Basis Risk Reserve Fund, the Yield Maintenance Trust, the Yield Maintenance Trust Account, the Yield Maintenance Account, the Yield Maintenance Agreement, the Collateral Account, the Final Maturity Reserve Trust and such segregated pool of assets will be designated as “REMIC I.” The REMIC I Regular Interests will be the “regular interests” in REMIC I Final Maturity Reserve Account and the Class RES Distributable Amount (the “Excluded Trust Property”)) comprises three REMICs in a tiered REMIC structure: the “Lower-I Tier REMIC,” the “Middle-Tier REMIC,” and the “Upper-Tier REMIC.” Each Certificate, other than the Class R and Class ES Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. The LIBOR Certificates will be also represent the right to receive (i) payments in respect of the Final Maturity Reserve Account, (ii) payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07 and (iii) payments in respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided in Section 5.01(h). The owners of the Class C Certificates beneficially own the Basis Risk Reserve Fund, the Final Maturity Reserve Account, the Final Maturity Reserve Trust, the Yield Maintenance Trust Account, and the Yield Maintenance Account. The Class R Certificate represents the sole class of residual interest in the Upper-Tier REMIC, as well as the sole residual interest in each of the Lower-Tier REMIC and the Middle-Tier REMIC. The Lower-Tier REMIC will hold as its assets all of the assets constituting the Trust Fund (exclusive of the Excluded Trust Property) and will issue five uncertificated interests, four of which shall be the “Lower-Tier Regular Interests” and one residual interest (the “LT-R Interest”), which will represent the sole class of residual interest in the Lower-Tier REMIC. The Middle-Tier REMIC will hold as its assets all of the Lower-Tier Regular Interests and shall issue 17 uncertificated interests, 16 of which shall be the “Middle- Tier Regular Interests” and one residual interest (the “MT-R Interest”), which will represent the sole class of residual interest in the Middle-Tier REMIC. The Upper-Tier REMIC I for will hold as its assets all of the Middle-Tier Regular Interests and shall issue the Certificates. For purposes of the REMIC Provisions (as defined herein) under Provisions, the federal income tax lawstartup day for each REMIC created hereby is the Closing Date. A segregated pool of assets consisting of the All REMIC I Regular Interests regular and residual interests created hereby will be designated as “retired on or before the Latest Possible Maturity Date. Lower-Tier REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth (or describes) the designation, interest rate, and initial principal balance of each Lower-Tier Regular Interest and the REMIC I PassLT-Through Rate, the initial Uncertificated R Interest: Designation Interest Rate Initial Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate LT-Initial Uncertificated Principal Balance Latest Possible Maturity(1(1) M-3 Variable $ 1,404,955,180.51 LT-Subsequent (2) $ 2,922,000.00 June 25, 2035 1,008,580,515.00 LT-C (3) (3) LT-I (4) (4) LT-R (5)) (5) ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HarborView 2006-14)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the RBSGC Mortgage Loan Trust 2005-A Mortgage Loan Pass-Through Certificates, Series 2005-A (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of eighteen classes of certificates, designated as (as defined herein)i) the Class 1-A Certificates, (ii) the Class 2-A-1 Certificates, (iii) the Class 2-A-2 Certificates, (iv) the Class 2-A-3 Certificates, (v) the Class 3-A Certificates, (vi) the Class 4-A Certificates, (vii) the Class 5-A Certificates, (viii) the Class X Certificates, (ix) the Class PO Certificates, (x) the Class A-R Certificates, (xi) the Class B-1 Certificates, (xii) the Class B-2 Certificates, (xiii) the Class B-3 Certificates, (xiv) the Class B-4 Certificates, (xv) the Class B-5 Certificates, (xvi) the Class B-6 Certificates, (xvii) the Class A-R-II Certificates and (xviii) the Class P Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool of assets described in Trust Fund (other than the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”Class P Distributable Amount) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC” in REMIC I and the “Upper-Tier REMIC”). Each Certificate, other than the Class P, Class A-R, and Class A-R-I Certificates will be II Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. The Class A-R-II Certificate represents ownership of the sole class of “residual interests” interest 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,” Lower-Tier REMIC, and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 R Certificates will be “regular interests” in REMIC II, and the Class R-II Certificates will be represent ownership of the sole class of “residual interests” therein for purposes interest in the Upper-Tier REMIC. The Lower-Tier REMIC shall hold as assets all property of the Trust Fund, other than the Excluded Trust Property and the interests in the Lower-Tier REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation, the 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 the REMIC I Regular Interestsformed hereby. The Upper-Tier REMIC I Regular Interests will not be certificatedshall hold as assets the uncertificated Lower-Tier Interests, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC I Regular Interest Designation regular interest. Lower-Tier REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________Interests
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)
PRELIMINARY STATEMENT. On March 23, 2005 the Depositor formed Xxxxxxxxx Mortgage Securities Trust 2005-1, as a Delaware statutory trust (the “Trust”) pursuant to the Trust Agreement, dated as of March 23, 2005 (the “Original Trust Agreement”), among the Depositor, the Trustee and the Delaware Trustee. The parties to this Agreement desire to amend and restate the Original Trust Agreement in its entirety, and, as evidenced by their signatures hereto, the Original Trust Agreement is hereby amended, restated and replaced in its entirety as of the date first written above by this Agreement. Through this Agreement, the Depositor intends to cause the issuance and sale of the Trust’s Mortgage Pass-Through Certificates, Series 2005-1 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). On or prior to the Closing Date, the Depositor acquired the Mortgage Loans from Xxxxxxxxx. On the Closing Date, the Depositor will sell the Mortgage Loans and certain other property to the Trust and receive in consideration therefor Certificates evidencing the entire beneficial ownership of the Trust. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twelve classes of certificates, designated as (as defined herein)i) the Class A-1 Certificates, (ii) the Class A-2 Certificates, (iii) the Class A-3 Certificates, (iv) the Class A-4 Certificates, (v) the Class A-5 Certificates, (vi) the Class A-R Certificate, (vii) the Class B-1 Certificates, (viii) the Class B-2 Certificates, (ix) the Class B-3 Certificates, (x) the Class B-4 Certificates, (xi) the Class B-5 Certificates and (xii) the Class B-6 Certificates. As provided hereinFor federal income tax purposes, the Trustee will make, Trust Fund (exclusive of the Additional Collateral) is comprised of two REMICs in accordance with Section 9.12, an election to treat a tiered REMIC structure – the entire segregated pool of assets described in lower tier REMIC (the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “Lower Tier REMIC”) for federal income tax purposes and such segregated pool the upper tier REMIC (the “Upper Tier REMIC”). The Lower Tier REMIC will hold as its assets all of the assets constituting the Trust Fund (exclusive of the Additional Collateral) and will issue interests (the “Lower Tier Regular Interests”) (which will be designated as uncertificated and will represent the regular interests in the Lower Tier REMIC) and a residual interest (the “REMIC I.” Class LT-R Interest”) which will also be uncertificated and which will represent the sole class of residual interest in the Lower Tier REMIC. The REMIC I Trustee will hold the Lower Tier Regular Interests as assets of the Upper Tier REMIC. The Certificates, other than the Class A-R Certificate, will be the represent “regular interests” in REMIC I the Upper Tier REMIC, and the Class RA-I Certificates R Certificate, which will be represent the sole class of “residual interestsinterest” in the Upper Tier REMIC I for as well as ownership of the Class LT-R Interest. For purposes of the REMIC Provisions (as defined herein) under Provisions, the federal income tax lawstartup day is the Closing Date. A segregated pool of assets consisting of the All REMIC I Regular Interests regular and residual interests created hereby will be designated as “retired on or before the Latest Possible Maturity Date. Lower Tier REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth specifies the Class designation, the REMIC I Pass-Through Rateinterest rate, the initial Uncertificated Principal Balance and, principal amount and Corresponding Classes of Certificates for purposes each class of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Lower Tier Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular : Lower Tier Class Designation Lower Tier Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Class Principal Balance Latest Possible Maturity(1Amount Corresponding Pool or Corresponding Class of Certificates Class LT-Group 1 (1) M-3 Variable $ 212,700,223.71 1 Class LT-Group 1 SCA (1) $ 67,021.45 1 Class LT-Group 2 (2) $ 2,922,000.00 June 25, 2035 213,997,050.80 2 Class LT-Group 2 SCA (2) $ 67,434.86 2 Class LT-Group 3 (3) $ 373,133,860.10 3 Class LT-Group 3 SCA (3) $ 117,574.34 3 Class LT-Group 4 (4) $ 223,982,587.71 4 Class LT-Group 4 SCA (4) $ 70,581.69 4 Class LT-Group 5 (5) $ 240,893,536.73 5 Class LT-Group 5 SCA (5) $ 75,904.41 5 Class LT-R (6) (6) LT-R ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2005-1)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement, 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.” 1." The REMIC I Regular Interests Class R-1 Interest will be the “regular interests” in REMIC I and the Class R-I Certificates will be represent the sole class of “"residual interests” " in REMIC I 1 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 1 Regular Interests will be designated as “"REMIC II2,” " and the Trustee will make, in accordance with Section 9.1210.01, 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-8A-IO, Class A-9, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates)PO, 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 II2, and the Class R-II Certificates R-2 Interest will be represent the sole class of “"residual interests” " therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. UNCERTIFICATED REMIC I Regular Interest Designation 1 UNCERTIFICATED REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(11 INITIAL UNCERTIFICATED ASSUMED FINAL REGULAR INTEREST PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE (1) M-3 Variable ---------------- ----------------- ----------------- ----------------- LTR2 6.50% 50.00 January 25, 2032 LTA1 6.50% 31,954,000.00 January 25, 2032 LTA2 5.150% 50,000,000.00 January 25, 2032 LTA3 8.50% 38,723,450.00 January 25, 2032 LTA5 6.00% 19,893,800.00 January 25, 2032 LTA6 6.50% 41,448,000.00 January 25, 2032 LTA7 6.50% 3,257,750.00 January 25, 2032 LTMB 6.50% 13,506,009.00 January 25, 2032 LTIO (2) $ 2,922,000.00 June N/A(3) January 25, 2035 ___________________2032 LTPO 0.00% 1,293,815.00 January 25, 2032
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp)
PRELIMINARY STATEMENT. Pursuant to this Agreement, the Depositor intends to cause the issuance and sale of the Trust’s Mortgage Pass-Through Certificates, Series 2007-5 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). On or prior to the Closing Date, the Depositor acquired the Mortgage Loans from the Seller pursuant to the Mortgage Loan Purchase Agreement (as defined below). On the Closing Date, the Depositor will sell the Mortgage Loans and certain other property to the Trust and receive in consideration therefor the Certificates evidencing the entire beneficial ownership of the Trust. The Depositor intends to sell mortgage pass-through certificates (collectively, and deliver to the “Seller or its designee the Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust. The Certificates will consist of twenty-seven classes of certificates, designated as (as defined herein)i) the Class 1A-1 Certificates, (ii) the Class 1A-2 Certificates, (iii) the Class 1-AX certificates, (iv) the Class 2A-1 Certificates, (v) the Class 2-AX Certificates, (vi) the Class 3A-1 Certificates, (vii) the Class 3A-2 Certificates, (viii) the Class 3A-3 Certificates, (ix) the Class 3A-4 Certificates, (x) the Class 3AX-1 Certificates, (xi) the Class 3AX-2 Certificates, (xii) the Class 4A-1 Certificates, (xiii) the Class 4-AX Certificates, (xiv) the Class A-R Certificate, (xv) the Class 4A-R Certificates, (xvi) the Class B-1 Certificates, (xvii) the Class B-2 Certificates, (xviii) the Class B-3 Certificates, (xix) the Class B-4 Certificates, (xx) the Class B-5 Certificates, (xxi) the Class B-6 Certificates, (xxii) the Class 4B-1 Certificates, (xxiii) the Class 4B-2 Certificates, (xxiv) the Class 4B-3 Certificates, (xxv) the Class 4B-4 Certificates, (xxvi) the Class 4B-5 Certificates and (xxvii) the Class 4B-6 Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) for For federal income tax purposes purposes, the Trust Fund comprises five REMICs: two lower-tier REMICs (“Lower-Tier REMIC 1-3” and such segregated pool “Lower-Tier REMIC 4”); one middle-tier REMIC (“Middle-Tier REMIC 1-3”); and two upper-tier REMICs (“Upper-Tier REMIC 1-3” and “Upper-Tier REMIC 4”). Lower-Tier REMIC 1-3 will hold as its assets all of the assets related to Loan Group 1, Loan Group 2, and Loan Group 3 and will issue interests (the “Lower-Tier 1-3 Regular Interests”), which will be designated as uncertificated and will represent the regular interests in Lower Tier REMIC 1-3, and a residual interest (the “REMIC I.” The REMIC I Regular Interests LT-R 1-3 Interest”), ownership of which will be the “regular interests” in REMIC I and evidenced by the Class RA-I Certificates R Certificate and which will be represent the sole class of “residual interests” interest in Lower-Tier REMIC I for purposes 1-3. The Trustee will hold the Lower-Tier 1-3 Regular Interests as assets of the Middle-Tier REMIC Provisions 1-3, which will issue interests (as defined herein) under the federal income tax law. A segregated pool of assets consisting of the REMIC I “Middle-Tier 1-3 Regular Interests Interests”), which will be designated as uncertificated an will represent the regular interests in Middle-Tier REMIC 1-3, and a residual interest (the “REMIC II,” and the Trustee MT-R 1-3 Interest”), ownership of which will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned be evidenced by a holder of the Class A-IO R Certificate and which will represent the sole class of residual interest in Middle-Tier REMIC 1-3. The Trustee will hold the Middle-Tier REMIC 1-3 Regular Interests as assets of Upper-Tier REMIC 1-3. The Group 1 Certificates), other than the Class M-1A-R Certificate, Class M-2the Group 2 Certificates, Class M-3the Group 3 Certificates, Class B-1, Class B-2 and Class B-3 the Subordinate Certificates will be “represent regular interests” interests in Upper-Tier REMIC II1-3, and the Class RA-II Certificates R Certificate will represent the residual interest Upper-Tier REMIC 1-3 as well as ownership of the LT-R 1-3 and MT-R 1-3 Interests. Lower-Tier REMIC 4 will hold as its assets all of the assets related to Loan Group 4, and will issue interests (the “Lower-Tier 4 Regular Interests”), which will be uncertificated and will represent the regular interests in Lower Tier REMIC 4, and a residual interest (the “LT-R 4 Interest”), ownership of which will be evidenced by the Class 4A-R Certificate and which will represent the sole class of “residual interests” therein for purposes interest in Lower-Tier REMIC 4. The Trustee will hold the Lower-Tier 4 Regular Interests as assets of Upper-Tier REMIC 4. The Group 4 Certificates, other than the Class 4A-R Certificates, will represent regular interests in Upper-Tier REMIC 4, and the Class 4A-R Certificate will represent the residual interest in Upper-Tier REMIC 4 as well as ownership of the LT-R 4 Interest. All REMIC Provisions (as defined herein) under federal income tax law. regular and residual interests created hereby will be retired on or before the Group 1-3 Latest Possible Maturity Date, in the case of the Lower-Tier 1-3 Regular Interests, the Middle-Tier 1-3 Regular Interests, and each class of regular interests in Upper-Tier REMIC I 1-3, and, the Group 4 Latest Possible Maturity Date, in the case of the Lower-Tier 4 Regular Interests and the regular interests in Upper-Tier REMIC 4.. Lower-Tier REMIC 1-3 The following table irrevocably sets forth specifies the designation, the REMIC I Passinterest rate, initial principal amount, and related Loan Group for each Lower-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 the REMIC I Tier 1-3 Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest: Lower-Tier 1-3 Designation Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Amount Related Loan Group LT-Group 1 (1) M-3 Variable (4) 1 LT-Group 1 SCA (1) (5) 1 LT-Group 2 (2) $ 2,922,000.00 June 25, 2035 (6) 2 LT-Group 2 SCA (2) (7) 2 LT-Group 3 (3) (8) 3 LT-Group 3 SCA (3) (9) 3 LT-R 1-3 (10) (10) N/A ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-5)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series 2007-4 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund. The Certificates will consist of sixteen classes of certificates, designated as (as defined herein)i) the Class 1A-1 Certificates, (ii) the Class 2A-1 Certificates, (iii) the Class 2A-2 Certificates, (iv) the Class 2A-3 Certificates, (v) the Class B-1 Certificates, (vi) the Class B-2 Certificates, (vii) Class B-3 Certificates, (viii) the Class B-4 Certificates, (ix) the Class B-5 Certificates, (x) the Class B-6 Certificates, (xi) the Class B-7 Certificates, (xii) the Class B-8 Certificates, (xiii) the Class C Certificates, (xiv) the Class P Certificates, (xv) the Class R Certificates and (xvi) the Class ES Certificates. As provided hereinFor federal income tax purposes, the Trustee will make, in accordance with Section 9.12, an election to treat Trust Fund (exclusive of the entire segregated pool of assets described held in the definition Prefunding Account, the Basis Risk Reserve Fund, the Basis Risk Cap Agreement, the Basis Risk Cap Replacement Receipts Account, the Basis Risk Cap Account, the Basis Risk Cap Amount, the Class ES Distributable Amount, the Swap Agreement, the Swap Account, the Swap Amount, the Swap Replacement Receipts Account, the Swap Termination Receipts Account, the Supplemental Interest Trust, the Collateral Account, the Final Maturity Reserve Trust and the Final Maturity Reserve Account (the “Excluded Trust Property”)) comprises four REMICs in a tiered REMIC structure: the “Lower-Tier REMIC,” the “Middle-Tier REMIC 1,” the “Middle-Tier REMIC 2,” and the “Upper-Tier REMIC.” Each Certificate, other than the Class R and Class ES Certificates, shall represent ownership of REMIC I a regular interest in the Upper-Tier REMIC, as described herein. The LIBOR Certificates also represent the right to receive (i) payments in respect of the Final Maturity Reserve Account, as defined hereinprovide in section 5.01(g), (ii) payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07, (iii) payments in respect of Basis Risk Shortfalls from the Basis Risk Cap Amount as provided in Section 5.01(j), (iii) payments in respect of Basis Risk Shortfalls from the Supplemental Interest Trust as provided in Section 5.01(k), and subject (iv) the obligation to this Agreementpay Class I Shortfalls. The owners of the Class C Certificates beneficially own the Basis Risk Reserve Fund, the Basis Risk Cap Account, the Supplemental Interest Trust, the Swap Account, the Final Maturity Reserve Account, and the Final Maturity Reserve Trust. The Class R Certificates represent the only classes of residual interests in each REMIC created hereby. The Upper Tier REMIC shall hold as its assets the uncertificated interests in the Middle-Tier REMIC 2 other than the Class MT2-R interest (each, a “Middle-Tier REMIC 2 Regular Interest”), and each such Middle-Tier REMIC 2 Regular Interest is hereby designated as a real estate mortgage investment conduit (a “REMIC”) for federal income tax purposes and such segregated pool of assets will be designated as “regular interest in Middle-Tier REMIC I.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be the sole class of “residual interests” in REMIC I 2 for purposes of the REMIC Provisions Provisions. Middle-Tier REMIC 2 shall hold as its assets the uncertificated interests in Middle-Tier REMIC 1 other than the Class MT1-R interest (each a “Middle-Tier REMIC 1 Regular Interest”), and each such Middle-Tier REMIC 1 Regular Interest is hereby designated as defined herein) under a regular interest in Middle-Tier REMIC 1. Middle-Tier REMIC 1 shall hold as its assets the federal income tax lawuncertificated interests in the Lower-Tier REMIC other than the Class LT-R interest (each a “Lower-Tier REMIC Regular Interest”), and each such Lower-Tier REMIC Regular Interest is hereby designated as a regular interest in the Lower-Tier REMIC. A segregated pool of The Lower-Tier REMIC shall hold as its assets consisting the property of the REMIC I Regular Interests will be designated as “REMIC II,” Trust Fund other than the Excluded Trust Property and the Trustee will make, interests in accordance with Section 9.12, a separate any other REMIC election with respect theretocreated hereby. 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 For purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions, the startup day for each REMIC created hereby is the Closing Date. All REMIC I regular and residual interests created hereby will be retired on or before the Latest Possible Maturity Date. Lower-Tier REMIC The following table irrevocably sets forth (or describes) the designation, interest rate, and initial principal balance of each Lower-Tier REMIC Regular Interests and the REMIC I PassLT-Through Rate, the initial Uncertificated R Interest: Designation Interest Rate Initial Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate LT-Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (21 ) $ 2,922,000.00 June 25, 2035 ___________________911,339,515.07 LT-Subsequent (2 ) $ 61,582,802.35 LT-C (3 ) (3 ) LT-I (4 ) (4 ) LT-R (5 ) (5 )
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HarborView 2007-4)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which Certificates in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of six classes of certificates, designated as (as defined herein)i) the Class A-1 Certificates , (ii) the Class A-2 Certificates, (iii) the Class M Certificates, (iv) the Class B Certificates, (v) the Class C Certificates and (vi) the Class R Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Excess Reserve Fund Account, the Swap Account and the Interest Rate Swap 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.1.” The REMIC I Regular Interests Class R-1 Interest will be the “regular interests” in REMIC I and the Class R-I Certificates will be represent the sole class of “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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 1 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Assumed Final Maturity Date(1) M-3 Variable (2LTA Variable(2) $ 2,922,000.00 June 7,875,000.00 October 25, 2035 2010 LTB Variable(2) $ 95,000,000.00 October 25, 2010 LTC Variable(2) $ 147,125,000.00 October 25, 2010 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Indymac Residential Mortgage-Backed Trust, Series 2005-L2)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust. The Certificates will consist of twenty-one classes of certificates, designated as (as defined herein)i) the Class I-A Certificates, (ii) the Class II-A1 Certificates, (iii) the Class II-A2 Certificates, (iv) the Class II-A3 Certificates, (v) the Class II-A4 Certificates, (vi) the Class M-1 Certificates, (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class C Certificates, (xvi) the Class P Certificates, (xvii) the Class R Certificates, (xviii) the Class R-CX Certificates and (xix) the Class R-PX Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, shall make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this AgreementAgreement (exclusive of the Reserve Fund, the Supplemental Interest Trust, the Final Maturity Reserve Trust, the Interest Coverage Account and the Servicer Prepayment Charge Payment Amounts) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 1 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June Uncertificated REMIC 1 Pass-Through Rate Assumed Final Maturity Date1 IX $129,509,320.86 Variable2 May 25, 2035 2047 I-1-A $ 1,955,190.52 Variable2 May 25, 2047 I-1-B $ 1,955,190.52 Xxxxxxxx0 Xxx 00, 0000 I-2-B $ 2,478,702.37 Xxxxxxxx0 Xxx 00, 0000 I-3-B $ 2,936,857.68 Xxxxxxxx0 Xxx 00, 0000 I-4-B $ 3,383,948.09 Xxxxxxxx0 Xxx 00, 0000 I-5-B $ 1,086,748.06 Xxxxxxxx0 Xxx 00, 0000 X-0-X $ 1,533,744.66 Variable2 May 25, 2047 I-6-B $ 1,533,744.66 Xxxxxxxx0 Xxx 00, 0000 X-0-X $ 1,933,650.21 Variable2 May 25, 2047 I-7-B $ 1,933,650.21 Xxxxxxxx0 Xxx 00, 0000 X-0-X $ 2,365,426.69 Variable2 May 25, 2047 I-8-B $ 2,365,426.69 Xxxxxxxx0 Xxx 00, 0000 I-9-B $ 3,103,020.97 Variable2 May 25, 2047 I-10-B $ 4,330,930.90 Variable2 May 25, 2047 I-11-A $ 5,518,260.80 Variable2 May 25, 2047 I-11-B $ 5,518,260.80 Variable2 May 25, 2047 I-12-A $ 5,812,419.67 Variable2 May 25, 2047 I-12-B $ 5,812,419.67 Variable2 May 25, 2047 I-13-A $ 5,579,166.42 Variable2 May 25, 2047 I-13-B $ 5,579,166.42 Variable2 May 25, 2047 I-14-A $ 5,259,276.62 Variable2 May 25, 2047 I-14-B $ 5,259,276.62 Variable2 May 25, 2047 I-15-A $ 4,946,674.17 Variable2 May 25, 2047 I-15-B $ 4,946,674.17 Variable2 May 25, 2047 I-16-A $ 4,677,720.88 Variable2 May 25, 2047 I-16-B $ 4,677,720.88 Variable2 May 25, 2047 I-17-A $ 4,478,668.50 Variable2 May 25, 2047 I-17-B $ 4,478,668.50 Variable2 May 25, 2047 I-18-A $ 4,273,483.34 Variable2 May 25, 2047 I-18-B $ 4,273,483.34 Variable2 May 25, 2047 I-19-A $ 4,049,969.15 Variable2 May 25, 2047 I-19-B $ 4,049,969.15 Variable2 May 25, 2047 I-20-A $ 3,835,204.58 Variable2 May 25, 2047 I-20-B $ 3,835,204.58 Variable2 May 25, 2047 I-21-A $ 4,830,929.47 Variable2 May 25, 2047 I-21-B $ 4,830,929.47 Variable2 May 25, 2047 I-22-B $ 59,187,491.39 Variable2 May 25, 2047 I-23-A $ 6,003,384.40 Variable2 May 25, 2047 I-23-B $ 6,003,384.40 Variable2 May 25, 2047 I-24-A $ 5,129,553.91 Variable2 May 25, 2047 I-24-B $ 5,129,553.91 Variable2 May 25, 2047 I-25-A $ 4,219,558.16 Variable2 May 25, 2047 I-25-B $ 4,219,558.16 Variable2 May 25, 2047 I-26-A $ 3,618,746.37 Variable2 May 25, 2047 I-26-B $ 3,618,746.37 Variable2 May 25, 2047 I-27-A $ 3,195,050.89 Variable2 May 25, 2047 I-27-B $ 3,195,050.89 Variable2 May 25, 2047 I-28-A $ 2,877,192.27 Variable2 May 25, 2047 I-28-B $ 2,877,192.27 Variable2 May 25, 2047 I-29-A $ 2,606,574.65 Variable2 May 25, 2047 I-29-B $ 2,606,574.65 Variable2 May 25, 2047 I-30-A $ 2,445,444.33 Variable2 May 25, 2047 I-30-B $ 2,445,444.33 Variable2 May 25, 2047 I-31-A $ 2,316,424.69 Variable2 May 25, 2047 I-31-B $ 2,316,424.69 Variable2 May 25, 2047 I-32-A $ 2,217,421.38 Variable2 May 25, 2047 I-32-B $ 2,217,421.38 Variable2 May 25, 2047 I-33-A $ 2,593,673.98 Variable2 May 25, 2047 I-33-B $ 2,593,673.98 Variable2 May 25, 2047 I-34-A $ 3,138,512.27 Variable2 May 25, 2047 I-34-B $ 3,138,512.27 Variable2 May 25, 2047 I-35-A $ 424,034.75 Variable2 May 25, 2047 I-35-B $ 424,034.75 Variable2 May 25, 2047 I-36-A $ 4,372,967.67 Variable2 May 25, 2047 I-36-B $ 4,372,967.67 Variable2 May 25, 2047 I-37-A $ 2,121,274.28 Variable2 May 25, 2047 I-37-B $ 2,121,274.28 Variable2 May 25, 2047 I-38-A $ 1,961,580.35 Variable2 May 25, 2047 I-38-B $ 1,961,580.35 Variable2 May 25, 2047 I-39-A $ 1,817,984.10 Variable2 May 25, 2047 I-39-B $ 1,817,984.10 Variable2 May 25, 2047 I-40-A $ 1,697,199.39 Variable2 May 25, 2047 I-40-B $ 1,697,199.39 Variable2 May 25, 2047 I-41-A $ 1,593,754.09 Variable2 May 25, 2047 I-41-B $ 1,593,754.09 Variable2 May 25, 2047 I-42-A $ 1,490,041.84 Variable2 May 25, 2047 I-42-B $ 1,490,041.84 Variable2 May 25, 2047 I-43-A $ 1,396,433.02 Variable2 May 25, 2047 I-43-B $ 1,396,433.02 Variable2 May 25, 2047 I-44-A $ 1,291,816.38 Variable2 May 25, 2047 I-44-B $ 1,291,816.38 Variable2 May 25, 2047 I-45-A $ 1,257,902.84 Variable2 May 25, 2047 I-45-B $ 1,257,902.84 Variable2 May 25, 2047 I-46-B $ 1,224,724.15 Variable2 May 25, 2047 I-47-A $ 1,183,164.01 Variable2 May 25, 2047 I-47-B $ 1,183,164.01 Variable2 May 25, 2047 I-48-A $ 1,154,768.08 Variable2 May 25, 2047 I-48-B $ 1,154,768.08 Variable2 May 25, 2047 I-49-A $ 1,121,669.11 Variable2 May 25, 2047 I-49-B $ 1,121,669.11 Variable2 May 25, 2047 I-50-A $ 1,099,979.62 Variable2 May 25, 2047 I-50-B $ 1,099,979.62 Variable2 May 25, 2047 I-51-A $ 1,072,576.92 Variable2 May 25, 2047 I-51-B $ 1,072,576.92 Variable2 May 25, 2047 I-52-A $ 1,045,428.43 Variable2 May 25, 2047 I-52-B $ 1,045,428.43 Variable2 May 25, 2047 I-53-A $ 1,018,205.92 Variable2 May 25, 2047 I-53-B $ 1,018,205.92 Variable2 May 25, 2047 I-54-A $ 991,121.37 Variable2 May 25, 2047 I-54-B $ 991,121.37 Variable2 May 25, 2047 I-55-A $ 964,810.47 Variable2 May 25, 2047 I-55-B $ 964,810.47 Variable2 May 25, 2047 I-56-A $ 928,957.07 Variable2 May 25, 2047 I-56-B $ 928,957.07 Variable2 May 25, 2047 I-57-A $ 891,368.93 Variable2 May 25, 2047 I-57-B $ 891,368.93 Variable2 May 25, 2047 I-58-A $ 852,206.84 Variable2 May 25, 2047 I-58-B $ 852,206.84 Variable2 May 25, 2047 I-59-A $ 27,587,521.32 Variable2 May 25, 2047 I-59-B $ 27,587,521.32 Variable2 May 25, 2047 IIX $210,811,616.18 Variable2 May 25, 2047 II-1-A $ 3,182,601.48 Variable2 May 25, 2047 II-1-B $ 3,182,601.48 Variable2 May 25, 2047 II-2-A $ 4,034,758.63 Variable2 May 25, 2047 II-2-B $ 4,034,758.63 Variable2 May 25, 2047 II-3-A $ 4,780,530.32 Variable2 May 25, 2047 II-3-B $ 4,780,530.32 Variable2 May 25, 2047 II-4-A $ 5,508,290.91 Variable2 May 25, 2047 II-4-B $ 5,508,290.91 Variable2 May 25, 2047 II-5-A $ 1,768,976.44 Variable2 May 25, 2047 II-5-B $ 1,768,976.44 Variable2 May 25, 2047 II-6-A $ 2,496,584.34 Variable2 May 25, 2047 II-6-B $ 2,496,584.34 Variable2 May 25, 2047 II-7-A $ 3,147,538.79 Variable2 May 25, 2047 II-7-B $ 3,147,538.79 Variable2 May 25, 2047 II-8-A $ 3,850,371.81 Variable2 May 25, 2047 II-8-B $ 3,850,371.81 Variable2 May 25, 2047 II-9-A $ 5,051,006.03 Variable2 May 25, 2047 II-9-B $ 5,051,006.03 Variable2 May 25, 2047 II-10-A $ 7,049,761.60 Variable2 May 25, 2047 II-10-B $ 7,049,761.60 Variable2 May 25, 2047 II-11-A $ 8,982,462.20 Variable2 May 25, 2047 II-11-B $ 8,982,462.20 Variable2 May 25, 2047 II-12-A $ 9,461,285.33 Variable2 May 25, 2047 II-12-B $ 9,461,285.33 Variable2 May 25, 2047 II-13-A $ 9,081,602.58 Variable2 May 25, 2047 II-13-B $ 9,081,602.58 Variable2 May 25, 2047 II-14-A $ 8,560,895.38 Variable2 May 25, 2047 II-14-B $ 8,560,895.38 Variable2 May 25, 2047 II-15-A $ 8,052,050.33 Variable2 May 25, 2047 II-15-B $ 8,052,050.33 Variable2 May 25, 2047 II-16-A $ 7,614,256.12 Variable2 May 25, 2047 II-16-B $ 7,614,256.12 Variable2 May 25, 2047 II-17-A $ 7,290,244.50 Variable2 May 25, 2047 II-17-B $ 7,290,244.50 Variable2 May 25, 2047 II-18-A $ 6,956,250.16 Variable2 May 25, 2047 II-18-B $ 6,956,250.16 Variable2 May 25, 2047 II-19-A $ 6,592,420.35 Variable2 May 25, 2047 II-19-B $ 6,592,420.35 Variable2 May 25, 2047 II-20-A $ 6,242,832.92 Variable2 May 25, 2047 II-20-B $ 6,242,832.92 Variable2 May 25, 2047 II-21-A $ 7,863,644.53 Variable2 May 25, 2047 II-21-B $ 7,863,644.53 Variable2 May 25, 2047 II-22-A $ 6,343,653.11 Variable2 May 25, 2047 II-22-B $ 96,343,653.11 Variable2 May 25, 2047 II-23-A $ 9,772,132.10 Variable2 May 25, 2047 II-23-B $ 9,772,132.10 Variable2 May 25, 2047 II-24-A $ 8,349,736.59 Variable2 May 25, 2047 II-24-B $ 8,349,736.59 Variable2 May 25, 2047 II-25-A $ 6,868,472.34 Variable2 May 25, 2047 II-25-B $ 6,868,472.34 Variable2 May 25, 2047 II-26-A $ 5,890,488.63 Variable2 May 25, 2047 II-26-B $ 5,890,488.63 Variable2 May 25, 2047 II-27-A $ 5,200,809.61 Variable2 May 25, 2047 II-27-B $ 5,200,809.61 Variable2 May 25, 2047 II-28-A $ 4,683,408.73 Variable2 May 25, 2047 II-28-B $ 4,683,408.73 Variable2 May 25, 2047 II-29-A $ 4,242,905.35 Variable2 May 25, 2047 II-29-B $ 4,242,905.35 Variable2 May 25, 2047 II-30-A $ 3,980,622.17 Variable2 May 25, 2047 II-30-B $ 3,980,622.17 Variable2 May 25, 2047 II-31-A $ 3,770,607.81 Variable2 May 25, 2047 II-31-B $ 3,770,607.81 Variable2 May 25, 2047 II-32-A $ 3,609,453.12 Variable2 May 25, 2047 II-32-B $ 3,609,453.12 Variable2 May 25, 2047 II-33-A $ 4,221,906.02 Variable2 May 25, 2047 II-33-B $ 4,221,906.02 Variable2 May 25, 2047 II-34-A $ 5,108,777.73 Variable2 May 25, 2047 II-34-B $ 5,108,777.73 Variable2 May 25, 2047 II-35-A $ 690,231.25 Variable2 May 25, 2047 II-35-B $ 690,231.25 Variable2 May 25, 2047 II-36-A $ 7,118,187.83 Variable2 May 25, 2047 II-36-B $ 7,118,187.83 Variable2 May 25, 2047 II-37-A $ 3,452,947.72 Variable2 May 25, 2047 II-37-B $ 3,452,947.72 Variable2 May 25, 2047 II-38-A $ 3,193,002.65 Variable2 May 25, 2047 II-38-B $ 3,193,002.65 Variable2 May 25, 2047 II-39-A $ 2,959,260.90 Variable2 May 25, 2047 II-39-B $ 2,959,260.90 Variable2 May 25, 2047 II-40-A $ 2,762,651.11 Variable2 May 25, 2047 II-40-B $ 2,762,651.11 Variable2 May 25, 2047 II-41-A $ 2,594,265.91 Variable2 May 25, 2047 II-41-B $ 2,594,265.91 Variable2 May 25, 2047 II-42-A $ 2,425,446.16 Variable2 May 25, 2047 II-42-B $ 2,425,446.16 Variable2 May 25, 2047 II-43-A $ 2,273,072.48 Variable2 May 25, 2047 II-43-B $ 2,273,072.48 Variable2 May 25, 2047 II-44-A $ 2,102,780.62 Variable2 May 25, 2047 II-44-B $ 2,102,780.62 Variable2 May 25, 2047 II-45-A $ 2,047,577.16 Variable2 May 25, 2047 II-45-B $ 2,047,577.16 Variable2 May 25, 2047 II-46-A $ 1,993,569.85 Variable2 May 25, 2047 II-46-B $ 1,993,569.85 Variable2 May 25, 2047 II-47-A $ 1,925,919.49 Variable2 May 25, 2047 II-47-B $ 1,925,919.49 Variable2 May 25, 2047 II-48-A $ 1,879,697.42 Variable2 May 25, 2047 II-48-B $ 1,879,697.42 Variable2 May 25, 2047 II-49-A $ 1,825,819.89 Variable2 May 25, 2047 II-49-B $ 1,825,819.89 Variable2 May 25, 2047 II-50-A $ 1,790,514.38 Variable2 May 25, 2047 II-50-B $ 1,790,514.38 Variable2 May 25, 2047 II-51-A $ 1,745,909.08 Variable2 May 25, 2047 II-51-B $ 1,745,909.08 Variable2 May 25, 2047 II-52-A $ 1,701,717.57 Variable2 May 25, 2047 II-52-B $ 1,701,717.57 Variable2 May 25, 2047 II-53-A $ 1,657,405.58 Variable2 May 25, 2047 II-53-B $ 1,657,405.58 Variable2 May 25, 2047 II-54-A $ 1,613,318.13 Variable2 May 25, 2047 II-54-B $ 1,613,318.13 Variable2 May 25, 2047 II-55-A $ 1,570,490.03 Variable2 May 25, 2047 II-55-B $ 1,570,490.03 Variable2 May 25, 2047 II-56-A $ 1,512,128.93 Variable2 May 25, 2047 II-56-B $ 1,512,128.93 Variable2 May 25, 2047 II-57-A $ 1,450,944.07 Variable2 May 25, 2047 II-57-B $ 1,450,944.07 Variable2 May 25, 2047 II-58-A $ 1,387,197.16 Variable2 May 25, 2047 II-58-B $ 1,387,197.16 Variable2 May 25, 2047 II-59-A $ 44,906,153.68 Variable2 May 25, 2047 II-59-B $ 44,906,153.68 Variable2 May 25, 2047 P $ 100.00 Variable2 May 25, 2047 _________________________ 1 Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC 1 Regular Interest. 2 Calculated in accordance with the definition of “Uncertificated REMIC 1 Pass-Through Rate” herein. REMIC 2 As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the REMIC 1 Regular Interests and certain other related assets subject to this Agreement (exclusive of the Reserve Fund, the Supplemental Interest Trust, the Final Maturity Reserve Trust, the Interest Coverage Account and the Servicer Prepayment Charge Payment Amounts) as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC 2.” The Class R-2 Interest shall represent the sole class of “residual interests” in REMIC 2 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 2 Pass-Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC 2 Regular Interests. None of the REMIC 2 Regular Interests will be certificated. Designation Initial Uncertificated Principal Balance Uncertificated REMIC 2 Pass-Through Rate Assumed Final Maturity Date1 AA $780,895,878.44 Variable2 May 25, 2047 A-IA $ 2,457,750.00 Variable2 May 25, 2047 A-IIA1 $ 1,787,125.00 Variable2 May 25, 2047 A-IIA2 $ 626,610.00 Variable2 May 25, 2047 A-IIA3 $ 997,070.00 Variable2 May 25, 2047 A-IIA4 $ 589,775.00 Variable2 May 25, 2047 M1 $ 254,985.00 Variable2 May 25, 2047 M2 $ 223,115.00 Variable2 May 25, 2047 M3 $ 135,460.00 Variable2 May 25, 2047 M4 $ 119,525.00 Variable2 May 25, 2047 M5 $ 115,540.00 Variable2 May 25, 2047 M6 $ 107,570.00 Variable2 May 25, 2047 M7 $ 103,590.00 Variable2 May 25, 2047 M8 $ 63,745.00 Variable2 May 25, 2047 M9 $ 87,655.00 Variable2 May 25, 2047 ZZ $ 8,267,135.58 Variable2 May 25, 2047 1GRP $ 11,492.04 Variable2 May 25, 2047 1SUB $ 60,647.04 Variable2 May 25, 2047 2GRP $ 18,707.87 Variable2 May 25, 2047 2SUB $ 98,719.47 Variable2 May 25, 2047 Swap IO N/A3 Variable2 May 25, 2047 FMR IO N/A4 Variable2 May 25, 2047 XX $796,642,962.59 Variable2 May 25, 2047 ________________________ 1 Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the month of the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC 2 Regular Interest. 2 Calculated in accordance with the definition of “Uncertificated REMIC 2 Pass-Through Rate” herein. 3 REMIC 2 Regular Interest Swap IO will not have a principal amount but will accrue interest on its Uncertificated Notional Amount, as defined herein.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Asset-Backed Certificates, WaMu Series 2007-He2)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2005-4 Mortgage Loan Pass-Through Certificates, Series 2005-4 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of sixteen classes of certificates, designated as (as defined herein)i) the Class 1-A Certificates, (ii) the Class 2-A Certificates, (iii) the Class 3-A1 Certificates, (iv) the Class 3-A2 Certificates, (v) the Class 4-A Certificates, (vi) the Class 5-A Certificates, (vii) the Class A-R Certificates, (viii) the Class B-1 Certificates, (ix) the Class B-2 Certificates, (x) the Class B-3 Certificates, (xi) the Class B-4 Certificates, (xii) the Class B-5 Certificates, (xiii) the Class B-6 Certificates, (xiv) the Class B-7 Certificates, (xv) the Class P Certificate and (xvi) the Class A-R-II Certificate. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) Trust Fund be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC” in REMIC I and the “Upper-Tier REMIC”). Each Certificate, other than the Class P, Class A-R-I Certificates will be II and Class A-R Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. The Class P Certificate represents an interest in the Trust Fund but does not represent an interest in any REMIC created hereunder. The Class A-R Certificate represents the sole class of “residual interests” interest 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 Trustee will make, in accordance with Section 9.12, a separate REMIC election with respect theretoUpper-Tier REMIC. 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 Certificate represents the sole class of “residual interests” therein for purposes interest in the Lower-Tier REMIC. The Lower-Tier REMIC shall hold as assets all property of the Trust Fund (other than the Additional Collateral) and the interests in any REMIC Provisions (formed hereby. The Upper-Tier REMIC shall hold as defined herein) under federal income tax lawassets the uncertificated Lower-Tier REMIC Interests, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC I regular interest. Lower-Tier REMIC Interests The following table irrevocably sets forth specifies the Class designation, the interest rate, and initial Class Principal Amount for each Class of Lower-Tier REMIC I PassInterest: Lower-Through Rate, the initial Uncertificated Tier REMIC Class Designation Interest Rate Initial Class Principal Balance and, for purposes Corresponding Class of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Certificates Class LT-Group 1 (3) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 Group 1 Class LT-SC1 (3) (1) Group 1 Class LT-Group 2 (3) (2) Group 2 Class LT-SC2 (3) (1) Group 2 Class LT-Group 3 (3) (2) Group 3 Class LT-SC3 (3) (1) Group 3 Class LT-Group 4 (3) (2) Group 4 Class LT-SC4 (3) (1) Group 4 Class LT-Group 5 (3) (2) Group 5 Class LT-SC5 (3) (1) Group 5 Class LT-R (4) (4) N/A ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-4)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund created hereunder. As provided hereinThe Certificates will consist of twenty Classes of Certificates, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and 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 I.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and (i) the Class R-I Certificates will be the sole class of “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 Trustee will make, in accordance with Section 9.12, a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0AV, Class A-3AF-1, Class A-4AF-2, Class A-5AF-3 and Class AF-4 Certificates, Class A-6, Class A-7, Class A-8, Class A-9, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of ii) the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates, (iii) the Class B-1, Class B-2 B-2, Class B-3 and Class B-3 B-4 Certificates, (iv) the Class P Certificates, (v) the Class CE Certificates, (vi) the Class R Certificates and (vii) the Class R-X Certificates. The Depositor hereby assigns to the Trustee, acting on behalf of the Certificateholders its interests and rights in the Mortgage Loans. As provided herein, for federal income tax purposes, the Trustee will elect to treat the segregated pools of assets subject to this Agreement (exclusive of the Senior Cap Account, the Mezzanine Cap Account, the Basis Risk Reserve Fund and the Final Maturity Reserve Fund) as nine real estate mortgage investment conduits (each, a "REMIC"): the Subsidiary REMIC, the Intermediate REMIC, the Master REMIC, the Class XX XXXXX, the Class P REMIC and the four Class B REMICs. The Subsidiary REMIC will consist of (a) all of the assets constituting the Group 1 Mortgage Loans and all of the assets constituting the Group 2 Mortgage Loans. The Subsidiary REMIC will issue (1) the REMIC regular interests (the "Subsidiary REMIC Regular Interests") and (2) the SR Interest. The Subsidiary REMIC Regular Interests will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest will represent the single class of "residual interest" in the Subsidiary REMIC. The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Intermediate REMIC. The assets of the Intermediate REMIC will consist of the Subsidiary REMIC Regular Interests and the interests in the Intermediate REMIC will be evidenced by (i) the Intermediate REMIC Regular Interests, which will be uncertificated and will represent the "regular interests" in the Intermediate REMIC and (ii) the IR Interest, which will represent the single class of "residual interest" in the Intermediate REMIC. The Trustee will hold the Intermediate REMIC Regular Interests for the benefit of the Master REMIC. The assets of the Master REMIC will consist of the Intermediate REMIC Regular Interests and the interests in the Master REMIC will be evidenced by (i) the Regular Certificates (other than the Class CE, Class P and Class B Certificates), the Class CEM Interest, the Class PM Interest and the four Class BM Interests, which will represent the "regular interests" in the Master REMIC and (ii) the Class MR Interest, which will represent the single class of "residual interest" in the Master REMIC. The Trustee will hold the Class CEM Interest in the Master REMIC for the benefit of the Class XX XXXXX. The assets of the Class XX XXXXX will consist of the Class CEM Interest in the Master REMIC and interests in the Class XX XXXXX will be evidenced by (i) the Class CE Certificate, which will represent the "regular interests" in the Class XX XXXXX and (ii) the Class CER-X Interest, which will represent the single class of "residual interest" in the Class XX XXXXX. The Trustee will hold the Class PM Interest in the Master REMIC for the benefit of the Class P REMIC. The assets of the Class P REMIC will consist of the Class PM Interest in the Master REMIC and interests in the Class P REMIC will be evidenced by (i) the Class P Certificate, which will represent the "regular interests" in the Class P REMIC and (ii) the Class PR-X Interest, which will represent the single class of "residual interest" in the Class P REMIC. The Trustee will hold each Class BM Interest in the Master REMIC for the benefit of a separate Class B REMIC. The assets of each Class B REMIC will consist of a single Class BM Interest in the Master REMIC and interests in each Class B REMIC will be evidenced by (i) a separately numbered Class B Certificate, which will represent the "regular interest" in that Class B REMIC and (ii) a separately numbered, uncertificated Class BR Interest, which will represent the single class of "residual interest" in that Class B REMIC. The Class R Certificates will be “regular interests” in REMIC IIrepresent the Class SR, Class IR and Class MR Interests, and the Class R-II X Certificates will be represent the sole class of “residual interests” therein for purposes interest in each of the Class XX XXXXX, Class P REMIC Provisions (as defined herein) under federal income tax lawand four Class B REMICs. REMIC I The following table irrevocably sets forth the designation, the 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 federal income tax purposes of all REMICs, and regular and residual interests created hereunder will be the Latest Possible Maturity Date. The Subsidiary REMIC -------------------- The Subsidiary REMIC Interests, each of which (except for the Class SR Interests) is hereby designated a REMIC I Regular Interests. The REMIC I Regular Interests regular interest for federal income tax purposes, will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25have the principal balances, 2035 ___________________pass-through rates and Corresponding Loan Groups as set forth in the following table:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (C-Bass 2006-Cb2 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-one classes of certificates, designated as (as defined herein)i) the Class A-1 Certificates, (ii) the Class A-2 Certificates, (iii) the Class A-3 Certificates, (iv) the Class A-4 Certificates, (v) the Class M-1 Certificates, (vi) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (viii) the Class M-4 Certificates, (ix) the Class M-5 Certificates, (x) the Class M-6 Certificates, (xi) the Class M-7 Certificates, (xii) the Class M-8 Certificates, (xiii) the Class M-9 Certificates, (xiv) the Class M-10 Certificates, (xv) the Class C Certificates, (xvi) the Class P Certificates, (xvii) the Class R Certificates and (xviii) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Net WAC Rate Carryover Reserve Account, the Basis Risk Cap Agreement, the Interest Rate Cap Agreement, the Cap Account, the Cap Allocation Agreement, any Servicer Prepayment Charge Payment Amounts, the Swap Account, the Supplemental Interest Trust and the Interest Rate Swap Agreement) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 I Variable (2) $ 2,922,000.00 June 25, 2035 128,208,389.97 October 2036 I-1-B Variable (2) $ 19,951,661.31 October 2036 I-3-B Variable (2) $ 24,325,920.95 October 2036 I-4-B Variable (2) $ 26,261,445.43 October 2036 I-5-B Variable (2) $ 28,021,892.55 October 2036 I-8-B Variable (2) $ 24,824,168.13 October 2036 I-9-B Variable (2) $ 23,825,036.63 October 2036 I-10-B Variable (2) $ 22,866,616.78 October 2036 I-11-B Variable (2) $ 21,947,233.15 October 2036 I-12-B Variable (2) $ 21,065,279.75 October 2036 I-13-B Variable (2) $ 20,221,276.55 October 2036 I-14-B Variable (2) $ 19,409,275.96 October 2036 I-15-B Variable (2) $ 18,630,325.60 October 2036 I-16-B Variable (2) $ 17,883,063.14 October 2036 I-17-B Variable (2) $ 282,407,903.40 October 2036 I-18-A Variable (2) $ 9,581,404.50 October 2036 I-18-B Variable (2) $ 9,581,404.50 October 2036 I-19-B Variable (2) $ 6,969,477.48 October 2036 I-20-B Variable (2) $ 6,427,898.80 October 2036 I-21-A Variable (2) $ 4,598,823.68 October 2036 I-21-B Variable (2) $ 4,598,823.68 October 2036 I-23-B Variable (2) $ 4,134,380.65 October 2036 I-24-B Variable (2) $ 3,986,973.64 October 2036 I-25-B Variable (2) $ 3,853,558.66 October 2036 I-26-B Variable (2) $ 3,708,176.85 October 2036 I-27-A Variable (2) $ 3,576,809.30 October 2036 I-27-B Variable (2) $ 3,576,809.30 October 2036 I-28-A Variable (2) $ 3,450,356.95 October 2036 I-28-B Variable (2) $ 3,450,356.95 October 2036 I-29-A Variable (2) $ 12,777,877.05 October 2036 I-29-B Variable (2) $ 12,777,877.05 October 2036 I-30-B Variable (2) $ 3,275,574.07 October 2036 I-33-B Variable (2) $ 2,437,648.55 October 2036 I-34-A Variable (2) $ 2,360,268.74 October 2036 I-34-B Variable (2) $ 2,360,268.74 October 2036 I-35-A Variable (2) $ 2,285,369.37 October 2036 I-35-B Variable (2) $ 2,285,369.37 October 2036 I-36-A Variable (2) $ 2,212,869.41 October 2036 I-36-B Variable (2) $ 2,212,869.41 October 2036 I-37-B Variable (2) $ 2,142,690.54 October 2036 I-38-A Variable (2) $ 2,074,757.10 October 2036 I-38-B Variable (2) $ 2,074,757.10 October 2036 I-39-A Variable (2) $ 2,008,995.96 October 2036 I-39-B Variable (2) $ 2,008,995.96 October 2036 I-40-A Variable (2) $ 1,945,336.43 October 2036 I-40-B Variable (2) $ 1,945,336.43 October 2036 I-41-A Variable (2) $ 1,883,710.22 October 2036 I-41-B Variable (2) $ 1,883,710.22 October 2036 I-42-A Variable (2) $ 1,824,051.29 October 2036 I-42-B Variable (2) $ 1,824,051.29 October 2036 I-43-A Variable (2) $ 1,766,295.82 October 2036 I-43-B Variable (2) $ 1,766,295.82 October 2036 I-44-A Variable (2) $ 1,710,382.12 October 2036 I-44-B Variable (2) $ 1,710,382.12 October 2036 I-45-A Variable (2) $ 1,656,250.55 October 2036 I-45-B Variable (2) $ 1,656,250.55 October 2036 I-47-A Variable (2) $ 1,553,105.09 October 2036 I-47-B Variable (2) $ 1,553,105.09 October 2036 I-48-A Variable (2) $ 1,503,981.56 October 2036 I-48-B Variable (2) $ 1,503,981.56 October 2036 I-49-A Variable (2) $ 1,456,420.76 October 2036 I-49-B Variable (2) $ 1,456,420.76 October 2036 I-50-A Variable (2) $ 1,410,372.29 October 2036 I-50-B Variable (2) $ 1,410,372.29 October 2036 I-51-A Variable (2) $ 1,365,787.44 October 2036 I-51-B Variable (2) $ 1,365,787.44 October 2036 I-52-A Variable (2) $ 1,322,619.08 October 2036 I-52-B Variable (2) $ 1,322,619.08 October 2036 I-53-B Variable (2) $ 1,633,122.41 October 2036 I-54-B Variable (2) $ 1,344,594.11 October 2036 I-55-A Variable (2) $ 37,506,630.05 October 2036 I-55-B Variable (2) $ 37,506,630.05 October 2036 P Variable (2) $ 100.00 October 2036 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-Eq1)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the Luminent Mortgage Trust 2006-2’s Mortgage Pass-Through Certificates, Series 2006-2 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twelve classes of certificates, designated as (as defined herein)i) the Class A1A Certificates, (ii) the Class A1B Certificates, (iii) the Class A1C Certificates, (iv) the Class X Certificates, (v) the Class PO Certificates, (vi) the Class A-R Certificates, (vii) the Class B-1 Certificates, (viii) the Class B-2 Certificates, (ix) the Class B-3 Certificates, (x) the Class B-4 Certificates, (xi) the Class B-5 Certificates and (xii) the Class B-6 Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I Basis Risk Reserve Fund (as defined hereinthe “Excluded Trust Property”), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC” in REMIC I and the “Upper-Tier REMIC”). Each Certificate, other than the Class RA-I R Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, the LIBOR Certificates will be represent the right to receive payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07. The owners of the Class X Certificates beneficially own the Basis Risk Reserve Fund. The Class A-R Certificate represents ownership of the sole class of “residual interests” interest in REMIC I for purposes each of the Lower-Tier REMIC Provisions (and the Upper-Tier REMIC. The Lower-Tier REMIC shall hold as defined herein) under the federal income tax law. A segregated pool of assets consisting all property of the REMIC I Regular Interests will be designated as “REMIC II,” Trust Fund, other than the Excluded Trust Property and the Trustee will make, in accordance with Section 9.12, a separate Lower-Tier 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the 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 the REMIC I Regular Interests. The Upper-Tier REMIC I Regular Interests will not be certificatedshall hold as assets the uncertificated Lower-Tier Interests, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________regular interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Luminent Mortgage Trust 2006-2)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund created hereunder. As provided hereinThe Certificates will consist of twenty-two Classes of Certificates, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and 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 I.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and (i) the Class R-I Certificates will be the sole class of “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 Trustee will make, in accordance with Section 9.12, a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0AF-1A, Class A-3AF-1B, Class A-4AF-2, Class A-5AF-3, Class A-6AF-4, Class A-7AF-5 and Class AF-6 Certificates, Class A-8, Class A-9, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of ii) the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1M-4, Class B-2 M-5, Class M-6, Class M-7 and Class B-3 M-8 Certificates, (iii) the Class B-1 and Class B-2 Certificates, (iv) the Class P Certificates, (v) the Class CE-1 and Class CE-2 Certificates, (vi) the Class R Certificates and (vii) the Class R-X Certificates. The Depositor hereby assigns to the Trustee, acting on behalf of the Certificateholders its interests and rights in the Mortgage Loans. As provided herein, for federal income tax purposes, the Trustee will elect to treat the segregated pools of assets subject to this Agreement (exclusive of the Basis Risk Reserve Fund, the Supplemental Interest Trust and the Swap Account) as ten real estate mortgage investment conduits (each, a “REMIC”): Subsidiary REMIC 1, Subsidiary REMIC 2, the Intermediate REMIC, the Master REMIC, the Class XX XXXXX, the Class P REMIC, the Class M-7 REMIC, the Class M-8 REMIC and the two Class B REMICs. Subsidiary REMIC 1 will consist of (a) all of the assets constituting the Mortgage Loans, exclusive of any amounts payable to the Class CE-2 Certificates. Subsidiary REMIC 1 will issue (1) the REMIC regular interests in Subsidiary REMIC 1 (the “Subsidiary REMIC 1 Regular Interests”) and (2) the SR1 Interest. The Subsidiary REMIC 1 Regular Interests will be uncertificated and will represent the “regular interests” in Subsidiary REMIC II1 and the SR1 Interest will represent the single class of “residual interest” in Subsidiary REMIC 1. Subsidiary REMIC 2 will consist of all amounts distributable in respect of the Class CE-2 Certificates. Subsidiary REMIC 2 will issue (1) the Class CE-2 Certificates and (2) the SR2 Interest. The Trustee will hold the Subsidiary REMIC 1 Regular Interests for the benefit of the Intermediate REMIC. The assets of the Intermediate REMIC will consist of the Subsidiary REMIC 1 Regular Interests and the interests in the Intermediate REMIC will be evidenced by (i) the Intermediate REMIC Regular Interests, which will be uncertificated and will represent the “regular interests” in the Intermediate REMIC and (ii) the IR Interest, which will represent the single class of “residual interest” in the Intermediate REMIC. The Trustee will hold the Intermediate REMIC Regular Interests for the benefit of the Master REMIC. The assets of the Master REMIC will consist of the Intermediate REMIC Regular Interests and the interests in the Master REMIC will be evidenced by (i) the Regular Certificates (other than the Class CE-1, Class CE-2, Class P, Class M-7, Class M-8 and Class B Certificates), the Class CEM Interest, the Class PM Interest, the Class M-7M Interest, the Class M-8M Interest and the two Class BM Interests, which will represent the “regular interests” in the Master REMIC and (ii) the Class MR Interest, which will represent the single class of “residual interest” in the Master REMIC. The Trustee will hold the Class CEM Interest in the Master REMIC for the benefit of the Class XX XXXXX. The assets of the Class XX XXXXX will consist of the Class CEM Interest in the Master REMIC and interests in the Class XX XXXXX will be evidenced by (i) the Class CE-1 Certificate, which will represent the “regular interests” in the Class XX XXXXX and (ii) the Class CER-X Interest, which will represent the single class of “residual interest” in the Class XX XXXXX. The Trustee will hold the Class PM Interest in the Master REMIC for the benefit of the Class P REMIC. The assets of the Class P REMIC will consist of the Class PM Interest in the Master REMIC and interests in the Class P REMIC will be evidenced by (i) the Class P Certificate, which will represent the “regular interests” in the Class P REMIC and (ii) the Class PR-X Interest, which will represent the single class of “residual interest” in the Class P REMIC. The Trustee will hold the Class M-7M Interest in the Master REMIC for the benefit of the Class M-7 REMIC. The assets of the Class M-7 REMIC will consist of the Class M-7M Interest in the Master REMIC and interests in the Class M-7 REMIC will be evidenced by (i) the Class M-7 Certificate, which will represent the “regular interest” in the Class M-7 REMIC and (ii) the uncertificated Class M-7R Interest, which will represent the single class of “residual interest” in the Class M-7 REMIC. The Trustee will hold the Class M-8M Interest in the Master REMIC for the benefit of the Class M-8 REMIC. The assets of the Class M-8 REMIC will consist of the Class M-8M Interest in the Master REMIC and interests in the Class M-8 REMIC will be evidenced by (i) the Class M-8 Certificate, which will represent the “regular interest” in the Class M-8 REMIC and (ii) the uncertificated Class M-8R Interest, which will represent the single class of “residual interest” in the Class M-8 REMIC. The Trustee will hold each Class BM Interest in the Master REMIC for the benefit of a separate Class B REMIC. The assets of each Class B REMIC will consist of a single Class BM Interest in the Master REMIC and interests in each Class B REMIC will be evidenced by (i) a separately numbered Class B Certificate, which will represent the “regular interest” in that Class B REMIC and (ii) a separately numbered, uncertificated Class BR Interest, which will represent the single class of “residual interest” in that Class B REMIC. The Class R Certificates will represent ownership of the Class SR1, Class IR, and Class MR Interests, and the Class R-II X Certificates will be the sole class of “residual interests” therein for purposes represent ownership of the residual interest in each of the Subsidiary REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation2, Class XX XXXXX, the REMIC I Pass-Through RateClass P REMIC, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)Class M-7 REMIC, the Class M-8 REMIC and the two Class B REMICs. The “latest possible maturity date” for federal income tax purposes of all REMICs, and regular and residual interests created hereunder is the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________36th month following the month of the scheduled maturity of the Mortgage Loan held in the Trust Fund as of the Closing Date having the latest maturity date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (C-Bass 2007-Cb1 Trust)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the DSLA Mortgage Loan Trust 2005-AR5 DSLA Mortgage Pass-Through Certificates, Series 2005-AR5 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of sixteen classes of certificates, designated as (as defined herein)i) the Class 1-A1A Certificates, (ii) the Class 1-A1B Certificates, (iii) the Class 2-A1A Certificates, (iv) the Class 2-A1B Certificates, (v) the Class X-1 Certificates, (vi) the Class X-2 Certificates, (vii) the Class PO Certificates (viii) the Class A-R Certificate, (ix) the Class B-1 Certificates, (x) the Class B-2 Certificates, (xi) the Class B-3 Certificates, (xii) the Class B-4 Certificates, (xiii) the Class B-5 Certificates, (xiv) the Class B-6 Certificates, (xv) the Class B-7 Certificates and (xvi) the Class A-R-II Certificate. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein)Basis Risk Reserve Fund, the Yield Maintenance Account, and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”the Yield Maintenance Agreements) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising three real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC,” in REMIC I and the Class R“Middle-I Certificates will be the sole class of “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 IITier REMIC,” and the Trustee will make“Upper-Tier REMIC”). Each Certificate, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of other than the Class A-IO R and Class A-R-II Certificates), shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, the Class 1-A1A, Class M-11-A1B, Class M-22-A1A, Class M-32-A1B, Class B-1, Class B-2 B-2, Class B-3, Class B-4, Class B-5, Class B-6, and Class B-3 B-7 Certificates will be “represent the right to receive payments in respect of Basis Risk Shortfalls. The Class X-2 Certificates, in addition to representing beneficial ownership of REMIC regular interests” in REMIC II, also represent beneficial ownership of the Basis Risk Reserve Fund and the Yield Maintenance Account. The Class A-R Certificate represents the ownership of the sole residual interest in each of the Middle-Tier REMIC and the Upper-Tier REMIC. The Class A-R-II Certificates will be Certificate represents ownership of the sole class of “residual interests” therein for purposes interest in the Lower-Tier REMIC. The Lower-Tier REMIC shall hold as assets all property of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth Trust Fund other than the designationassets held in the Basis Risk Reserve Fund, the REMIC I Pass-Through RateYield Maintenance Account, the initial Uncertificated Principal Balance andYield Maintenance Agreements, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), and the “latest possible maturity date” for the interests in any REMIC I Regular Interestsformed hereby. The Middle-Tier REMIC I Regular shall hold as assets the uncertificated Lower-Tier Interests will not be certificatedin the Lower-Tier REMIC, other than the Class LT-R Interest, and each such Lower-Tier Interest is hereby designated as a regular interest in the Lower-Tier REMIC. The Upper-Tier REMIC I Regular shall hold as assets the uncertificated Middle-Tier Interests in the Middle-Tier REMIC, other than the Class MT-R Interest, and each such Middle-Tier Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________is hereby designated as a regular interest in the Middle-Tier REMIC.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Dsla Mortgage Loan Trust 2005-Ar5)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through pass‑through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust. The Certificates will consist of twenty-one classes of certificates, designated as (as defined herein)i) the Class I-A Certificates, (ii) the Class II-A1 Certificates, (iii) the Class II-A2 Certificates, (iv) the Class II-A3 Certificates, (v) the Class II‑A4 Certificates, (vi) the Class M‑1 Certificates, (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix) the Class M‑4 Certificates, (x) the Class M‑5 Certificates, (xi) the Class M‑6 Certificates, (xii) the Class M‑7 Certificates, (xiii) the Class M‑8 Certificates, (xiv) the Class M‑9 Certificates, (xv) the Class M-10 Certificates, (xvi) the Class B Certificates, (xvii) the Class C Certificates, (xviii) the Class P Certificates, (xix) the Class R Certificates, (xx) the Class R‑CX Certificates and (xxi) the Class R‑PX Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, shall make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this AgreementAgreement (exclusive of the Reserve Fund, the Supplemental Interest Trust, the Final Maturity Reserve Trust, the Interest Coverage Account and the Servicer Prepayment Charge Payment Amounts) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R‑1 Interest shall represent the sole class of “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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 1 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through 1 Pass‑Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii1.860G‑1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) Uncertificated REMIC 1 Pass‑Through Rate Rate Change Date Assumed Final Maturity Date1 IX3 $ 2,922,000.00 91,012,721.51 Variable2 N/A November 2046 I-5-B 724,073.82 Variable2 November 2046 I-12-B 5,720,371.90 Variable2 November 2046 I-14-B 5,616,680.52 Variable2 November 2046 I-15-B 5,455,296.25 Variable2 November 2046 I-18-A 4,674,500.26 Variable2 May 2008 November 2046 I-18-B 4,674,500.26 Variable2 November 2046 I-20-B 5,528,213.69 Variable2 November 2046 I-21-B 5,240,769.64 Variable2 November 2046 I-22-B 47,271,953.89 Variable2 November 2046 I-23-B 6,443,588.38 Variable2 November 2046 I-24-B 6,661,376.34 Variable2 November 2046 I-25-B 5,736,844.07 Variable2 November 2046 I-26-B 4,434,964.01 Variable2 November 2046 I-27-B 3,663,717.77 Variable2 November 2046 I-28-B 3,161,185.92 Variable2 November 2046 I-29-A 2,747,466.50 Variable2 April 2009 November 2046 I-29-B 2,747,466.50 Variable2 November 2046 I-30-B 2,333,351.15 Variable2 November 2046 I-33-B 1,996,035.21 Variable2 November 2046 I-34-B 2,640,303.00 Variable2 November 2046 I-35-A 371,178.94 Variable2 October 2009 November 2046 I-35-B 371,178.94 Variable2 November 2046 I-38-B 1,942,136.87 Variable2 November 2046 I-40-B 1,764,913.09 Variable2 November 2046 I-41-A 1,676,399.20 Variable2 April 2010 November 2046 I-42-A 1,548,675.58 Variable2 May 2010 November 2046 I-42-B 1,548,675.58 Variable2 November 2046 I-44-A 1,248,031.02 Variable2 July 2010 November 2046 I-44-B 1,248,031.02 Variable2 November 2046 I-45-A 1,195,354.70 Variable2 August 2010 November 2046 I-45-B 1,195,354.70 Variable2 November 2046 I-47-B 1,362,344.89 Variable2 November 2046 I-48-B 1,312,950.54 Variable2 November 2046 I-49-B 1,245,215.60 Variable2 November 2046 I-50-B 1,193,674.38 Variable2 November 2046 I-51-A 1,103,113.95 Variable2 February 2011 November 2046 I-51-B 1,103,113.95 Variable2 November 2046 I-52-A 1,020,761.85 Variable2 March 2011 November 2046 I-52-B 1,020,761.85 Variable2 November 2046 I-53-A 966,559.99 Variable2 April 2011 November 2046 I-53-B 966,559.99 Variable2 November 2046 I-54-B 994,234.22 Variable2 November 2046 I-55-B 1,033,070.16 Variable2 November 2046 I-56-A 935,359.69 Variable2 July 2011 November 2046 I-56-B 935,359.69 Variable2 November 2046 I-57-A 858,790.80 Variable2 August 2011 November 2046 I-57-B 858,790.80 Variable2 November 2046 I-58-A 767,515.77 Variable2 September 2011 November 2046 I-58-B 767,515.77 Variable2 November 2046 I-59-B 11,056,071.12 Variable2 November 2046 IIX3 173,903,265.59 Variable2 N/A November 2046 II-1-B 3,452,994.13 Variable2 November 2046 II-2-B 4,074,496.02 Variable2 November 2046 II-3-B 4,692,764.58 Variable2 November 2046 II-4-B 5,302,799.66 Variable2 November 2046 II-6-B 2,121,653.29 Variable2 November 2046 II-8-B 3,952,346.36 Variable2 November 2046 II-9-B 5,001,236.51 Variable2 November 2046 II-10-B 6,388,425.55 Variable2 November 2046 II-11-A 10,286,135.84 Variable2 October 2007 November 2046 II-11-B 10,286,135.84 Variable2 November 2046 II-12-A 10,930,245.10 Variable2 November 2007 November 2046 II-12-B 10,930,245.10 Variable2 November 2046 II-13-A 11,030,022.73 Variable2 December 2007 November 2046 II-13-B 11,030,022.73 Variable2 November 2046 II-14-B 10,732,115.98 Variable2 November 2046 II-15-B 10,423,749.75 Variable2 November 2046 II-16-B 10,141,474.32 Variable2 November 2046 II-18-A 8,931,837.74 Variable2 May 2008 November 2046 II-18-B 8,931,837.74 Variable2 November 2046 II-19-A 11,216,814.02 Variable2 June 25, 2035 2008 November 2046 II-19-B 11,216,814.02 Variable2 November 2046 II-20-A 10,563,077.31 Variable2 July 2008 November 2046 II-20-B 10,563,077.31 Variable2 November 2046 II-21-B 10,013,841.36 Variable2 November 2046 II-22-B 90,325,253.61 Variable2 November 2046 II-23-B 12,312,136.62 Variable2 November 2046 II-24-B 12,728,276.66 Variable2 November 2046 II-25-B 10,961,719.43 Variable2 November 2046 II-26-A 8,474,141.99 Variable2 January 2009 November 2046 II-26-B 8,474,141.99 Variable2 November 2046 II-27-A 7,000,477.23 Variable2 February 2009 November 2046 II-27-B 7,000,477.23 Variable2 November 2046 II-28-B 6,040,260.58 Variable2 November 2046 II-29-A 5,249,743.00 Variable2 April 2009 November 2046 II-29-B 5,249,743.00 Variable2 November 2046 II-30-A 4,458,468.85 Variable2 May 2009 November 2046 II-30-B 4,458,468.85 Variable2 November 2046 II-31-B 4,178,349.85 Variable2 November 2046 II-32-A 4,013,977.53 Variable2 July 2009 November 2046 II-32-B 4,013,977.53 Variable2 November 2046 II-33-A 3,813,939.79 Variable2 August 2009 November 2046 II-33-B 3,813,939.79 Variable2 November 2046 II-34-A 5,044,979.50 Variable2 September 2009 November 2046 II-34-B 5,044,979.50 Variable2 November 2046 II-35-A 709,233.06 Variable2 October 2009 November 2046 II-35-B 709,233.06 Variable2 November 2046 II-36-B 7,423,525.06 Variable2 November 2046 II-37-B 3,939,801.99 Variable2 November 2046 II-38-A 3,710,953.13 Variable2 January 2010 November 2046 II-38-B 3,710,953.13 Variable2 November 2046 II-39-A 3,533,025.51 Variable2 February 2010 November 2046 II-39-B 3,533,025.51 Variable2 November 2046 II-40-A 3,372,321.41 Variable2 March 2010 November 2046 II-40-B 3,372,321.41 Variable2 November 2046 II-41-A 3,203,192.80 Variable2 April 2010 November 2046 II-41-B 3,203,192.80 Variable2 November 2046 II-42-A 2,959,143.92 Variable2 May 2010 November 2046 II-42-B 2,959,143.92 Variable2 November 2046 II-43-A 2,802,342.40 Variable2 June 2010 November 2046 II-43-B 2,802,342.40 Variable2 November 2046 II-44-A 2,384,684.98 Variable2 July 2010 November 2046 II-44-B 2,384,684.98 Variable2 November 2046 II-45-A 2,284,033.30 Variable2 August 2010 November 2046 II-45-B 2,284,033.30 Variable2 November 2046 II-47-A 2,603,111.11 Variable2 October 2010 November 2046 II-47-B 2,603,111.11 Variable2 November 2046 II-48-A 2,508,730.46 Variable2 November 2010 November 2046 II-48-B 2,508,730.46 Variable2 November 2046 II-49-A 2,379,305.40 Variable2 December 2010 November 2046 II-49-B 2,379,305.40 Variable2 November 2046 II-50-A 2,280,822.62 Variable2 January 2011 November 2046 II-50-B 2,280,822.62 Variable2 November 2046 II-51-A 2,107,783.55 Variable2 February 2011 November 2046 II-51-B 2,107,783.55 Variable2 November 2046 II-52-A 1,950,428.65 Variable2 March 2011 November 2046 II-52-B 1,950,428.65 Variable2 November 2046 II-55-A 1,973,946.84 Variable2 June 2011 November 2046 II-55-B 1,973,946.84 Variable2 November 2046 II-56-A 1,787,245.81 Variable2 July 2011 November 2046 II-56-B 1,787,245.81 Variable2 November 2046 II-57-A 1,640,941.20 Variable2 August 2011 November 2046 II-57-B 1,640,941.20 Variable2 November 2046 II-58-A 1,466,536.73 Variable2 September 2011 November 2046 II-58-B 1,466,536.73 Variable2 November 2046 II-59-A 21,125,473.88 Variable2 October 2011 November 2046 II-59-B 21,125,473.88 Variable2 November 2046 _________________________ 1 Solely for purposes of Section 1.860G‑1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC 1 Regular Interest. 2 Calculated in accordance with the definition of “Uncertificated REMIC 1 Pass‑Through Rate” herein. 3 REMIC 1 Regular Interest IX will be entitled to all prepayment penalties or charges with respect to the Group I Mortgage Loans; REMIC 1 Regular Interest IIX will be entitled to all prepayment penalties or charges with respect to the Group II Mortgage Loans. REMIC 2 As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the REMIC 1 Regular Interests and certain other related assets subject to this Agreement (exclusive of the Reserve Fund, the Supplemental Interest Trust, the Final Maturity Reserve Trust, the Interest Coverage Account and the Servicer Prepayment Charge Payment Amounts) as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC 2.” The Class R‑2 Interest shall represent the sole class of “residual interests” in REMIC 2 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 2 Pass-Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC 2 Regular Interests. None of the REMIC 2 Regular Interests will be certificated. Designation Initial Uncertificated Principal Balance Uncertificated REMIC 2 Pass-Through Rate Assumed Final Maturity Date1 AA $744,842,230.21 Variable2 November 2046 A-IA 2,101,980.00 Variable2 November 2046 A-IIA1 1,647,385.00 Variable2 November 2046 A-IIA2 714,610.00 Variable2 November 2046 A-IIA3 1,220,790.00 Variable2 November 2046 A-IIA4 433,605.00 Variable2 November 2046 M1 243,215.00 Variable2 November 2046 M2 228,015.00 Variable2 November 2046 M3 140,610.00 Variable2 November 2046 M4 125,410.00 Variable2 November 2046 M5 125,410.00 Variable2 November 2046 M6 110,205.00 Variable2 November 2046 M7 79,805.00 Variable2 November 2046 M8 79,805.00 Variable2 November 2046 M9 53,205.00 Variable2 November 2046 M10 53,205.00 Variable2 November 2046 B 76,005.00 Variable2 November 2046 ZZ 7,767,601.84 Variable2 November 2046 1GRP 52,223.04 Variable2 November 2046 1SUB 10,183.44 Variable2 November 2046 2GRP 99,785.58 Variable2 November 2046 2SUB 19,457.78 Variable2 November 2046 Swap IO N/A3 Variable2 November 2046 FMR IO N/A4 Variable2 November 2046 XX 759,861,442.21 Variable2 November 2046 ________________________ 1 Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the month of the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC 2 Regular Interest. 2 Calculated in accordance with the definition of “Uncertificated REMIC 2 Pass-Through Rate” herein. 3 REMIC 2 Regular Interest Swap IO will not have a principal amount but will at all times have a notional amount equal to the aggregate principal amounts of the REMIC 1 Regular Interests with the designation “A”. 4 REMIC 2 Regular Interest FMR IO will not have a principal amount but will at all times have a notional amount equal to the aggregate principal amounts of all of the REMIC 1 Regular Interests. REMIC 3 As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the REMIC 2 Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets shall be designated as “REMIC 3.” The Class R‑3 Interest represents the sole class of “residual interests” in REMIC 3 for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for each Class of Certificates that represents one or more of the “regular interests” in REMIC 3 and each class of uncertificated “regular interests” in REMIC 3: Class Designation Original Class Certificate Principal Balance Pass-Through Rate Assumed Final Maturity Date1 I‑A $420,396,000.00 Variable2 November 2046 II-A1 329,477,000.00 Variable2 November 2046 II-A2 142,922,000.00 Variable2 November 2046 II-A3 244,158,000.00 Variable2 November 2046 II-A4 86,721,000.00 Variable2 November 2046 M‑1 48,643,000.00 Variable2 November 2046 M‑2 45,603,000.00 Variable2 November 2046 M‑3 28,122,000.00 Variable2 November 2046 M‑4 25,082,000.00 Variable2 November 2046 M‑5 25,082,000.00 Variable2 November 2046 M‑6 22,041,000.00 Variable2 November 2046 M‑7 15,961,000.00 Variable2 November 2046 M‑8 15,961,000.00 Variable2 November 2046 M‑9 10,641,000.00 Variable2 November 2046 M-10 10,641,000.00 Variable2 November 2046 B 15,201,000.00 Variable2 November 2046 Swap IO N/A Variable5 November 2046 FM Reserve IO N/A Variable5 November 2046 Class C Interest3 33,434,084.10 Variable2 November 2046 Class P Interest $100.00 N/A4 November 2046 ___________________ 1 Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the month of the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each Class of Certificates or uncertificated interests that represents one or more of the “regular interests” in REMIC 3. 2 Calculated in accordance with the definition of “Pass-Through Rate” herein. 3 The Class C Interest will accrue interest at its variable Pass-Through Rate on its Notional Amount outstanding from time to time, which shall equal the aggregate of the Uncertificated Principal Balances of the REMIC 2 Regular Interests. The Class C Interest will not accrue interest on its Uncertificated Principal Balance. 4 The Class P Interest will not accrue interest. 5 The interests designated “Swap IO” and “FM Reserve IO” will not have principal amounts or interest rates but will be entitled to 100% of the interest paid on REMIC 2 Regular Interests Swap IO and FMR IO, respectively. These interests will not be certificated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2006-9)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the Luminent Mortgage Trust 2006-4’s Mortgage Pass-Through Certificates, Series 2006-4 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of fourteen classes of certificates, designated as (as defined herein)i) the Class A1A Certificates, (ii) the Class A1B Certificates, (iii) the Class A1C Certificates, (iv) the Class X Certificates, (v) the Class PO Certificates, (vi) the Class A-R Certificates, (vii) the Class B-1 Certificates, (viii) the Class B-2 Certificates, (ix) the Class B-3 Certificates, (x) the Class B-4 Certificates, (xi) the Class B-5 Certificates, (xii) the Class B-6 Certificates, (xiii) the Class P Certificates and (xiv) the Class ES Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall be made that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I Basis Risk Reserve Fund and the Class ES Distributable Amount (as defined hereinthe “Excluded Trust Property”), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC” in REMIC I and the “Upper-Tier REMIC”). Each Certificate, other than the Class RA-I R and Class ES Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, the LIBOR Certificates will be represent the right to receive payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07. The owners of the Class X Certificates beneficially own the Basis Risk Reserve Fund. The Class A-R Certificate represents ownership of the sole class of “residual interests” interest in REMIC I for purposes each of the Lower-Tier REMIC Provisions (and the Upper-Tier REMIC. The Lower-Tier REMIC shall hold as defined herein) under the federal income tax law. A segregated pool of assets consisting all property of the REMIC I Regular Interests will be designated as “REMIC II,” Trust Fund, other than the Excluded Trust Property and the Trustee will make, in accordance with Section 9.12, a separate Lower-Tier 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the 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 the REMIC I Regular Interests. The Upper-Tier REMIC I Regular Interests will not be certificatedshall hold as assets the uncertificated Lower-Tier Interests, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________regular interest.
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage passMortgage Pass-through certificates Through Certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided herein, the Trustee REMIC Administrator will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans but excluding the Reserve Fund and the Initial Monthly Payment Fund), as a real estate mortgage investment conduit (a “"REMIC”") for federal income tax purposes and such segregated pool of assets will be designated as “the "REMIC I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 REMIC Administrator will make, in accordance with Section 9.12, make a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0A-1 Certificates, Class A-3A-2 Certificates, Class A-4A-2A Certificates, Class A-5A-3 Certificates, Class A-6A-4 Certificates, Class A-7A-5 Certificates, Class A-8A-6 Certificates, Class A-9A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-14A Certificates, Class A-15 Certificates, Class A-16 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates V REMIC Regular Interests will be “"regular interests” " in REMIC II, II and the Class R-II Certificates will be the sole class of “"residual interests” " therein for purposes of the REMIC Provisions (Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The terms and provisions of the 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. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein) under federal income tax lawherein shall have the meanings set forth in the Standard Terms. REMIC I The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Pass- Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the Uncertificated REMIC I Regular Interests. The None of the Uncertificated REMIC I Regular Interests will not be certificated. UNCERTIFICATED INITIAL UNCERTIFICATED LATEST REMIC-I-PASS PRINCIPAL-BALANCE POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE --------------------------------------------------------------------------------------------- REMIC I Regular Interest Designation 6.25% $ 870,314,145.85 January 25, 2032 W REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Regular Interest 6.25% $ 25,016,400.00 January 25, 2032 X REMIC I Regular Interest 6.25% $ 30,407,214.00 January 25, 2032 Y REMIC I Regular Interest 0.00% $ 1,376,798.17 January 25, 2032 Z REMIC I Variable (2) $ 2,922,000.00 June N/A(3) January 25, 2035 ___________________2032 IO Regular Interests
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2005-13 Mortgage Loan Pass-Through Certificates, Series 2005-13 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-two classes of certificates, designated as (as defined herein)i) the Class 1-A1A Certificates, (ii) the Class 1-A1B Certificates, (iii) the Class 2-A1A1 Certificates, (iv) the Class 2-A1A2 Certificates, (v) the Class 2-A1B Certificates, (vi) the Class 2-A1C Certificates, (vii) the Class X Certificates, (viii) the Class PO Certificates, (ix) the Class A-R Certificates, (x) the Class A-R-II Certificates, (xi) the Class B-1 Certificates, (xii) the Class B-2 Certificates, (xiii) the Class B-3 Certificates, (xiv) the Class B-4 Certificates, (xv) the Class B-5 Certificates, (xvi) the Class B-6 Certificates and (xvii) the Class B-7 Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein)Prefunding Account, the Basis Risk Reserve Fund, and subject to this Agreementthe Yield Maintenance Account and the Yield Maintenance Agreements (collectively, as a real estate mortgage investment conduit (a the “REMICExcluded Trust Property”) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising three real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC,” in REMIC I the “Middle-Tier REMIC” and the “Upper-Tier REMIC”). Each Certificate, other than the Class A-R and Class A-R-I II Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, (i) the LIBOR Certificates will be represent the right to receive payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07 and (ii) the Class 1-A1A, Class 1-A1B, Class 2-A1A1, Class 2-A1A2, Class 2-A1B and Class 2-A1C Certificates represent the right to receive payments in respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided in Section 4.04. The owners of the Class X Certificates beneficially own the Basis Risk Reserve Fund and the Yield Maintenance Account. The Class A-R-II Certificate represents ownership of the sole class of “residual interests” interest 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,” Lower-Tier REMIC, and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 R Certificates will be “regular interests” in REMIC II, and the Class R-II Certificates will be represent ownership of the sole class of “residual interests” therein for purposes interest in the Middle-Tier and the Upper-Tier REMICs. The Lower-Tier REMIC shall hold as assets all property of the Trust Fund, other than the Excluded Trust Property and the interests in the Lower-Tier REMIC Provisions (and the Middle-Tier REMIC formed hereby. The Middle-Tier REMIC shall hold as defined herein) under federal income tax lawassets the uncertificated Lower-Tier Interests, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC I regular interest. The Upper-Tier REMIC shall hold as assets the uncertificated Middle-Tier Interests, other than the Class MT-R Interest. Each such Middle-Tier Interest is hereby designated as a REMIC regular interest. Lower-Tier REMIC Interests The following table irrevocably sets forth specifies the Class designation, the interest rate, and initial principal amount for each Lower-Tier REMIC I Pass-Through Rate, the initial Uncertificated Interest: Designation Interest Rate Initial Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Related group LT-Group 1 (1) M-3 Variable $ 244,736,115.39 Group 1 LT-Group 1 SCA (1) $ 263,373.39 Group 1 LT-Group 2 (2) $ 2,922,000.00 June 25, 2035 ___________________668,463,549.41 Group 2 LT-Group 2 SCA (2) $ 719,378.78 Group 2 LT-R (3) (3) N/A
Appears in 1 contract
Samples: Pooling Agreement (Greenwich Capital Acceptance Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of eighteen classes of certificates, designated as (as defined herein)i) the Class 1A-1 Certificates, (ii) the Class 2A-1 Certificates, (iii) the Class 2A-2 Certificates, (iv) the Class 2A-3 Certificates, (v) the Class M-1 Certificates, (vi) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (viii) the Class M-4 Certificates, (ix) the Class M-5 Certificates, (x) the Class M-6 Certificates, (xi) the Class M-7 Certificates, (xii) the Class M-8 Certificates, (xiii) the Class M-9 Certificates, (xiv) the Class P Certificates, (xv) the Class X-1 Certificates, (xvi) the Class X-2 Certificates, (xvii) the Class X-S Certificates and (xviii) the Class A-R Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this AgreementAgreement (exclusive of the Pre-Funding Account, Basis Risk Reserve Fund, Swap Account, the Capitalized Interest Account, the Supplemental Interest Trust and the Subsequent Mortgage Loan Interest) 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.1.” The REMIC I Regular Interests Class R-1 Interest will be the “regular interests” in REMIC I and the Class R-I Certificates will be represent the sole class of “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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 1 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 Pass-Through Rate, Rate and the initial Uncertificated Principal Balance and, for each of the “regular interests” in REMIC 1 (the “REMIC 1 Regular Interests”). None of the REMIC 1 Regular Interests will be certificated. 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 ) of each of the REMIC I Regular Interests. The REMIC I 1 Regular Interests will not be certificatedthe Latest Possible Maturity Date as defined herein. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1LTI-1 Variable(1) M-3 Variable $ 35,387,402.37 LT2-PF Variable(1) $ 33,568,726.38 LTI-S1 Variable(1) (2) LTI-S2 Variable(1) (2) LTI-AR Variable(1) $ 2,922,000.00 June 25, 2035 100.00 LTI-P Variable(1) $ 100.00 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Home Equity Mortgage Trust 2006-6)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust, Mortgage Loan Pass-Through Certificates, Series 2006-3 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twelve classes of certificates, designated as (as defined herein)i) the Class 1A-1A Certificates, (ii) the Class 1A-1B Certificates, (iii) the Class 2A-1A Certificates, (iv) the Class 2A-1B Certificates, (v) the Class 3-A Certificates, (vi) the Class A-R Certificates, (vii) the Class B-1 Certificates, (viii) the Class B-2 Certificates, (ix) the Class B-3 Certificates, (x) the Class B-4 Certificates, (xi) the Class B-5 Certificates and (xii) the Class B-6 Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) Trust Fund be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC,” in REMIC I and the “Upper-Tier REMIC”). Each Certificate, other than the Class RA-I Certificates will be R Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. The Class A-R Certificate represents the sole class of “residual interests” interest in each REMIC. The Lower-Tier REMIC I for purposes shall hold as assets all property of the Trust Fund, other than the Lower-Tier REMIC Provisions (as defined herein) under Interests that it issues. Each such Lower-Tier Interest, other than the federal income tax law. A segregated pool of assets consisting of the REMIC I Regular Interests will be LT-R Interest, is hereby designated as “a REMIC II,” and the Trustee will make, in accordance with Section 9.12, a separate REMIC election with respect theretoregular interest. The Class X-0Upper-Tier REMIC shall hold as assets the uncertificated Lower-Tier Interests, Xxxxx X-0, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of other than the Class ALT-IO Certificates), 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 R Interest. Lower-Tier 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. REMIC I Interests The following table irrevocably sets forth specifies the Class designation, the interest rate, and initial principal amount for each Lower-Tier REMIC I Pass-Through Rate, the initial Uncertificated Interest: Designation Interest Rate Initial Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Related group LT-Group 1 (1) M-3 Variable $ 180,118,361.99 Group 1 LT-Group 1 SCA (1) $ 9,428.37 Group 1 LT-Group 2 (2) $ 2,922,000.00 June 25, 2035 ___________________184,951,801.17 Group 2 LT-Group 2 SCA (2) $ 9,797.70 Group 2 LT-Group 3 (3) $ 74,621,494.40 Group 3 LT-Group 3 SCA (3) $ 3,844.19 Group 3 LT-R (4) (4) N/A
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of [ ] classes of certificates, designated as (as defined herein). i) [the Class 1-A1-A Certificates, (ii) the Class 1-A1-B Certificates, (iii) the Class 1-A1-C Certificates, (iv) the Class 1-AM Certificates, (v) the Class 2-A Certificates, (vi) the Class 1-M-1 Certificates, (vii) the Class 1-M-2 Certificates, (viii) the Class 1-M-3 Certificates, (ix) the Class 1-M-4 Certificates, (x) the Class 1-M-5 Certificates, (xi) the Class 1-M-6 Certificates, (xii) the Class 1-M-7 Certificates, (xiii) the Class 1-M-8 Certificates, (xiv) the Class 1-B Certificates, (xv) the Class 1-C Certificates, (xvi) the Class 2-C Certificates, (xvii) the Class 1-P Certificates, (xviii) the Class 2-P Certificates, and (xix) the Class R Certificates.] REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election elect to treat the entire segregated pool of assets described in consisting of Loan Group 1 and certain other related assets (other than the definition Group 1 Net WAC Shortfall Reserve Fund, any related Servicer Prepayment Charge Payment Amounts, the Class M Interest Reserve Fund and, for the avoidance of REMIC I (as defined herein)doubt, the Group 1 Supplemental Interest Trust, the Group 1 Derivative Account, the Group 1 Interest Rate Swap Agreement, the Group 1 Cap Contracts and the Group 1 Collateral Account) subject to this Agreement, Agreement as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates R-1 Interest will be the sole class of “residual interests” Residual Interests in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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 1 Regular InterestsInterests (as defined herein). The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date (1) M-3 Variable [ ] [ ] [ ] [ ] [ ] [ ] Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (21) $ 2,922,000.00 June 25, 2035 ___________________[ ] [ ] [ ] [ ] [ ] [ ] Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) [ ] [ ] [ ] [ ] [ ] [ ] Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) [ ] [ ] [ ] [ ] [ ] [ ] Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) [ ] [ ] [ ] [ ]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Accredited Mortgage Loan REIT Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-one Classes of Certificates, designated as (as defined herein)i) the Class A-1, Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, Class A-2MZ Certificates, (ii) the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 Certificates, (iii) the Class B-1 and Class B-2 Certificates, (iv) the Class CE Certificates, (v) the Class P Certificates and (vi) the Class R and Class R-X Certificate. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (but exclusive of the Cap Carryover Reserve Account, the Interest Rate Swap Agreement, the Swap Account, the Pre-Funding Accounts and the Servicer Prepayment Charge Payment Amounts) 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.1.” The REMIC I Regular Interests Class R-1 Interest will be the “regular interests” in REMIC I and the Class R-I Certificates will be represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I 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 Regulations Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable (2I Variable(2) $ 2,922,000.00 June 296,938,015.40 August 25, 2035 I-PF Variable(2) $ 2,114,696.99 August 25, 2035 II Variable(2) $ 696,288,812.30 August 25, 2035 II-PF Variable(2) $ 11,623,798.71 August 25, 2035 P Variable(2) $ 100.00 August 25, 2035 ___________________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ABFC Asset-Backed Certificates, Series 2005-Wmc1)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2004-5 Mortgage Loan Pass-Through Certificates, Series 2004-5 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of thirteen classes of certificates, designated as (as defined herein)i) the Class 1-A Certificates, (ii) the Class 2-A-1 Certificates, (iii) the Class 2-A-2A Certificates, (iv) the Class 2-A-2B Certificates, (v) the Class 2-A-3 Certificates, (vi) the Class 2-A-4 Certificates, (vii) the Class 2-A-5 Certificates, (viii) the Class 2-A-6 Certificates, (ix) the Class 3-A Certificates, (x) the Class X Certificates, (xi) the Class A-R Certificates, (xii) the Class B-1 Certificate, (xiii) the Class B-2 Certificates, (xiv) the Class B-3 Certificates, (xv) the Class B-4 Certificates, (xvi) the Class B-5 Certificates, (xvii) the Class B-6 Certificates and (xiii) the Class P Certificate. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) Trust Fund be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising three real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interests” in REMIC I Lower-Tier REMIC”, the “Middle-Tier REMIC”, and the “Upper-Tier REMIC”). Each Certificate, other than the Class P Certificate and the Class RA-I Certificates will be R Certificate, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. The Class P Certificate represents an interest in the Trust Fund but does not represent an interest in any REMIC created hereunder. The Class A-R Certificate represents the sole class of “residual interests” interest in each REMIC. The Lower-Tier REMIC I for purposes shall hold as assets all property of the Trust Fund and the interests in any REMIC Provisions (formed hereby. The Middle-Tier REMIC shall hold as defined herein) under assets the federal income tax law. A segregated pool several classes of assets consisting uncertificated interests of the REMIC I Regular Interests will be Lower-Tier REMIC, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as “a REMIC II,” and the Trustee will make, in accordance with Section 9.12, a separate REMIC election with respect theretoregular interest. The Class X-0Upper Tier REMIC shall hold as assets the uncertificated Middle-Tier REMIC Interests, Xxxxx X-0, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of other than the Class AMT-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates will be “R Interest. Each such Middle-Tier Interest is hereby designated as a REMIC regular interests” in interest. Lower-Tier 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. REMIC I Interests The following table irrevocably sets forth specifies the Class designation, the interest rate, and initial Class Principal Amount for each Class of Lower-Tier REMIC I Pass-Through Rate, the initial Uncertificated Interest: Lower Tier REMICClass Designation Interest Rate Initial Class Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Related Loan Group Class LT-Group 1 (1) M-3 Variable $171,603,744.87 Group1 Class LT-SC1 (1) $86,704.49 Group 1 Class LT-Group 2 (2) $ 2,922,000.00 June 25, 2035 $355,317,685.06 Group 2 Class LT-SC2 (2) $179,532.17 Group 2 Class LT-Group 3 (3) $78,608,507.85 Group 3 Class LT-SC3 (3) $39,722.30 Group 3 Class LT-R (4) (4) N/A ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-5)
PRELIMINARY STATEMENT. In exchange for the Certificates, the Depositor hereby conveys the Trust Estate to the Trustee to create the Trust. The Depositor intends 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 Class A Certificates (other than the Class 1-A-R, Class 1-A-LR and Class X-PO Certificates) and the Class B Certificates are referred to sell mortgage passcollectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-through certificates Tier REMIC. The Class 1-X-PO Component and Class 2-X-PO Component (collectively, the “Certificates”), to be issued hereunder in multiple Classes, which "Components") shall also constitute "regular interests" in the aggregate Upper-Tier REMIC. The Uncertificated Lower-Tier Interests shall constitute the "regular interests" in the Lower-Tier REMIC. The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Certificate shall be the "residual interest" in the Lower-Tier REMIC. The Certificates and the Uncertificated Lower-Tier Interests will evidence represent the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) The "latest possible maturity date" for federal income tax purposes and such segregated pool of assets will be designated as “REMIC I.” The REMIC I Regular Interests all interests created hereby will be the “regular interests” in REMIC I and the Class R-I Certificates will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax lawCertificate Maturity Date. A segregated pool of assets consisting of the REMIC I Regular Interests will be designated as “REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth characteristics of the designationCertificates and the Components, together with the REMIC I Pass-Through Rate, minimum denominations and integral multiples in excess thereof in which the initial Uncertificated Principal Balance and, for purposes Classes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in any amount in excess of the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________minimum denomination):
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor intends is the owner of the Trust Fund that is hereby conveyed to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee will make, in accordance with Section 9.12return for the Certificates. For federal income tax purposes, an election will be made to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (exclusive of the Supplemental Loan Account, Capitalized Interest Account, the Derivative Contracts and the Derivative Contract Reserve Fund), 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 I.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates Interest will be the sole class of “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 Trustee will make, in accordance with Section 9.12, a separate REMIC election will be made 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates REMIC II Regular Interests will be “regular interests” in REMIC II, II and the Class R-II Interest will be the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the REMIC II Regular Interests will be designated as “REMIC III,” a separate REMIC election will be made with respect thereto. The Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11, Class 1-A-12, Class 1-A-13, Class 1-A-14, Class 1-A-15, Class 1-A-16, Class 1-A-17, Class 1-A-18, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 1-X, Class 2-X, Class PO, Class M, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class P Certificates will be “regular interests” (exclusive of the right of the Holders of the Class 1-A-1, Class 1-A-4, Class 1-A-9 and Class 1-A-13 Certificates to receive the related Yield Supplement Amount) in REMIC III and the Class R-III Interest will be the sole class of “residual interests” therein for purposes of the REMIC Provisions (Provisions. The Class A-R Certificates will represent ownership of the Class R-I Interest, Class R-II Interest and Class R-III Interest. For the avoidance of doubt and as defined herein) under described above, the Trust Fund will be treated for federal income tax lawpurposes as three REMICs. REMIC I The following table irrevocably sets forth the designation, the REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance andBalance, 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. The None of the REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable 1-SUB 5.50% $ 25,916.34 October 2035 1-ZZZ 5.50% $ 439,209,420.46 October 2035 1-PO 0.00% $ 16,092.36 October 2035 1-X (2) (3) October 2035 2-SUB 6.00% $ 2,922,000.00 June 25, 4,405.11 October 2035 2-ZZZ 6.00% $ 74,642,701.36 October 2035 2-PO 0.00% $ 1,365.37 October 2035 2-X (2) (3) October 2035 R 5.50% $ 100.00 October 2035 P 0.00% $ 100.00 October 2035 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2005-J10)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series 2006-6 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of thirty-eight classes of certificates, designated as (as defined herein)i) the Class 1A-1A Certificates, (ii) the Class 1A-1B Certificates, (iii) the Class 2A-1A Certificates, (iv) the Class 2A-1B Certificates, (v) the Class 3A-1A Certificates, (vi) the Class 3A-1B Certificates, (vii) the Class 4A-1A Certificates, (viii) the Class 4A-1B Certificates, (ix) the Class 5A-1A Certificates, (x) the Class 5A-1B Certificates, (xi) the Class X-1 Certificates, (xii) the Class X-4 Certificates, (xiii) the Class A-R Certificates, (xiv) the Class B-1 Certificates, (xv) the Class B-2 Certificates, (xvi) the Class B-3 Certificates, (xvii) the Class B-4 Certificates, (xviii) the Class B-5 Certificates and (xix) the Class B-6 Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) Trust Fund be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising three real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC,” in REMIC I the “Middle-Tier REMIC” and the “Upper-Tier REMIC”). Each Certificate, other than the Class RA-I Certificates will be R Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. The Class A-R Certificate represents the sole class of “residual interests” interest in each REMIC. The Lower-Tier REMIC I for purposes shall hold as assets all property of the Trust Fund, other than the interests in the Lower-Tier REMIC Provisions (and the Middle-Tier REMIC formed hereby. The Middle-Tier REMIC shall hold as defined herein) under assets the federal income tax lawuncertificated Lower-Tier Interests, other than the Class LT-R Interest. A segregated pool of assets consisting of the REMIC I Regular Interests will be Each such Lower-Tier Interest is hereby designated as “a REMIC II,” and the Trustee will make, in accordance with Section 9.12, a separate REMIC election with respect theretoregular interest. The Class X-0Upper-Tier REMIC shall hold as assets the uncertificated Middle-Tier Interests, Xxxxx X-0, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of other than the Class AMT-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates will be “R Interest. Each such Middle-Tier Interest is hereby designated as a REMIC 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. REMIC I The following table irrevocably sets forth the designation, the 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 the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Harborview 2006-6)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee will make, in accordance with Section 9.129.01, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans), 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 I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 9.129.01, a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0I-A-1, Class A-3I-A-2, Class A-4I-A-IO, Class A-5II-A-1, Class A-6II-A-IO, Class A-7III-A-1, Class A-8, Class A-9, Uncertificated Class III-A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates)IO, 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. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for the Uncertificated REMIC I Regular InterestsInterest. The Uncertificated REMIC I Regular Interests will not be certificated. Uncertificated REMIC I Regular Interest Designation Uncertificated REMIC I Pass- Initial Uncertificated Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 LTIA Variable (2) $ 2,922,000.00 June $[______________] _________ 25, 2035 ____ LTIB Variable (2) $[______________] _________ 25, ____ LTIIA Variable (2) $[______________] _________ 25, ____ LTIIB Variable (2) $[______________] _________ 25, ____ LTIIIA Variable (2) $[______________] _________ 25, ____ LTIIIB Variable (2) $[______________] _________ 25, ____ _____________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cendant Mortgage Capital LLC)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of seventeen classes of certificates, designated as (as defined herein)i) the Class A-1 Certificates, (ii) the Class M-1 Certificates, (iii) the Class M-2 Certificates, (iv) the Class M-3 Certificates, (v) the Class M-4 Certificates, (vi) the Class M-5 Certificates, (vii) the Class M-6 Certificates, (viii) the Class M-7 Certificates, (ix) the Class M-8 Certificates, (x) the Class B-1 Certificates, (xi) the Class B-2 Certificates, (xii) the Class P Certificates, (xiii) the Class X-1 Certificates, (xiv) the Class X-2 Certificates, (xv) the Class X-S Certificates, (xvi) the Class A-R Certificates and (xvii) the Class A-RL Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Interest Rate Cap Agreement, the Swap Agreement, the Reserve Account, the Pre-Funding Account, the Capitalized Interest Account and the Subsequent Mortgage Loan Interest) 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.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class RA-I RL Certificates will be represent the sole class of “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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 1 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 Pass-Through Rate, Rate and the initial Uncertificated Principal Balance and, for each of the “regular interests” in REMIC 1 (the “REMIC 1 Regular Interests”). None of the REMIC 1 Regular Interests will be certificated. 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 ) of each of the REMIC I Regular Interests. The REMIC I 1 Regular Interests will not be certificatedthe Latest Possible Maturity Date as defined herein. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1LTI-1 Variable(1) M-3 Variable $ 383,440,279.28 LTI-PF Variable(1) $ 26,559,720.72 LTI-S1 Variable(1) (2) LTI-S2 Variable(1) (2) LTI-P Variable(1) $ 2,922,000.00 June 25, 2035 100.00 LTI-R Variable(1) $ 100.00 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Home Equity Mortgage Trust 2005-3)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee will make, in accordance with Section 9.1210.01, an election to treat the entire segregated pool of assets described in the definition of REMIC I 1 (as defined herein), and 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 I.” 1." The REMIC I 1 Regular Interests will be the “"regular interests” " in REMIC I 1 and the Class R-I R-1 Certificates will be the sole class of “"residual interests” " in REMIC I 1 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 1 Regular Interests will be designated as “"REMIC II,” 2" and the Trustee REMIC Administrator will make, in accordance with Section 9.12, make a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-01-A, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 2-A-5, Class A-6, Class A-7, Class A-8, Class A-9, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 II2, and the Class R-II R-2 Certificates will be the sole class of “"residual interests” " therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation, the REMIC I 1 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 the REMIC I 1 Regular InterestsInterest. The REMIC I 1 Regular Interests will not be certificated. Initial REMIC I REMIC I Uncertificated Latest Possible Regular Interest Designation REMIC I Pass- Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 -------------------------------------------------------------------------------------------------------------------- 1-A Variable (2) $ 2,922,000.00 June 348.63 April 25, 2035 ___________________1-B Variable (2) $ 11,243.83 April 25, 2035 2-A Variable (2) $ 913.31 April 25, 2035 2-B Variable (2) $ 29,461.01 April 25, 2035 ZZZ Variable (2) $ 407,006,481.68 April 25, 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MERRILL LYNCH MORT INV TRUST SERIES MLCC Series 2005-1)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage passMortgage Pass-through certificates Through Certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided herein, the Trustee REMIC Administrator will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a real estate mortgage investment conduit (a “"REMIC”") for federal income tax purposes and such segregated pool of assets will be designated as “the "REMIC I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 REMIC Administrator will make, in accordance with Section 9.12, make a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0A-1 Certificates, Class A-3A-2 Certificates, Class A-4A-3 Certificates, Class A-5A-4 Certificates, Class A-6A-5 Certificates, Class A-7A-6 Certificates, Class A-8A-7 Certificates, Class A-9A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-15 Certificates, Class A-16 Certificates, Class A-17 Certificates, Class A-18 Certificates, Class A-19 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates V REMIC Regular Interests will be “"regular interests” " in REMIC II, II and the Class R-II Certificates will be the sole class of “"residual interests” " therein for purposes of the REMIC Provisions (Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The terms and provisions of the 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. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein) under federal income tax lawherein shall have the meanings set forth in the Standard Terms. REMIC I The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Pass- Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the Uncertificated REMIC I Regular Interests. The None of the Uncertificated REMIC I Regular Interests will not be certificated. UNCERTIFICATED INITIAL UNCERTIFICATED LATEST -REMIC-I-PASS PRINCIPAL-BALANCE POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE --------------------------------------------------------------------------------------------- REMIC I Regular Interest Designation 6.25% $ 435,344,515.60 February 25, 2032 V REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Regular Interest 5.50% $ 163,943,250.00 February 25, 2032 W REMIC I Regular Interest 8.50% $ 54,647,750.00 February 25, 2032 X REMIC I Regular Interest 6.25% $ 66,228,000.00 February 25, 2032 Y REMIC I Regular Interest 0.00% $ 446,128.33 February 25, 2032 Z REMIC I Variable (2) $ 2,922,000.00 June N/A(3) February 25, 2035 2032 IO Regular Interests ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage passMortgage Pass-through certificates Through Certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided herein, the Trustee REMIC Administrator will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans but excluding the the Initial Monthly Payment Fund), as a real estate mortgage investment conduit (a “"REMIC”") for federal income tax purposes and such segregated pool of assets will be designated as “the "REMIC I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 REMIC Administrator will make, in accordance with Section 9.12, make a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0A-1 Certificates, Class A-3A-2 Certificates, Class A-4A-3 Certificates, Class A-5A-4 Certificates, Class A-6A-5 Certificates, Class A-7A-6 Certificates, Class A-8A-7 Certificates, Class A-9A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates V REMIC Regular Interests will be “"regular interests” " in REMIC II, II and the Class R-II Certificates will be the sole class of “"residual interests” " therein for purposes of the REMIC Provisions (Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The terms and provisions of the 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. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein) under federal income tax lawherein shall have the meanings set forth in the Standard Terms. REMIC I The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Pass- Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the Uncertificated REMIC I Regular Interests. The None of the Uncertificated REMIC I Regular Interests will not be certificated. UNCERTIFICATED INITIAL UNCERTIFICATED LATEST -REMIC-I-PASS---------PRINCIPAL-BALANCE------POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE --------------------------------------------------------------------------------------------- REMIC I Regular Interest Designation 8.00% $ 53,133,000.00 August 25, 2032 U REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Regular Interest 6.00% $ 159,400,000.00 August 25, 2032 V REMIC I Regular Interest 6.50% $ 109,076,811.92 August 25, 2032 W REMIC I Regular Interest 6.50% $ 18,262,000.00 August 25, 2032 X REMIC I Regular Interest 6.50% $ 19,924,000.00 August 25, 2032 Y REMIC I Regular Interest 0.00% $ 1,764,842.21 August 25, 2032 Z REMIC I Variable (2) $ 2,922,000.00 June N/A(3) August 25, 2035 ___________________2032 IO Regular Interests -------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the DSLA Mortgage Loan Trust 2006-AR1 Mortgage Loan Pass-Through Certificates, Series 2006-AR1 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided hereinThe Certificates will consist of nineteen classes of certificates, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and 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 I.” The REMIC I Regular Interests will be (i) the “regular interests” in REMIC I and Class 1A-1A Certificates, (ii) the Class 1A-1B Certificates, (iii) the Class 2A-1A Certificates, (iv) the Class 2A-1B Certificate, (v) the Class 2A-1C Certificates, (vi) the Class M-1 Certificates, (vii) the Class M-2 Certificates, (viii) Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class M-10 Certificates, (xvi) the Class R Certificates, (xvii) the Class R-I II Certificates, (xviii) the Class C Certificates will be and (xix) the Class P Certificates. For federal income tax purposes, the Trust Fund (exclusive of the assets held in the Basis Risk Reserve Fund (the “Excluded Trust Property”)) comprises two REMICs in a tiered REMIC structure – the “Lower-Tier REMIC” and the “Upper Tier REMIC”. Each Certificate, other than the Class R and Class R-II Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, the Offered Certificates and the Class M-10 Certficates represent the right to receive payments in respect of Basis Risk Shortfalls as provided in Section 5.08. The owners of the Class C Certificates beneficially own the Basis Risk Reserve Fund. The Class R Certificate represents the sole class of “residual interests” interest in the Upper-Tier 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 Certificate represents the sole class of residual interest in the Lower-Tier REMIC. The Lower-Tier REMIC will hold as its assets all of the assets constituting the Trust Fund (exclusive of the Excluded Trust Property) and will issue interests (the “Lower-Tier Regular Interests”) (which will be uncertificated and will represent the regular interests in the Lower-Tier REMIC) and the Class R-II Certificate (which represents the sole class of residual interests” therein for interests in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier Regular Interests as assets of the Upper-Tier REMIC. For purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions, the startup day for the Lower-Tier REMIC and the Upper-Tier REMIC is the Closing Date. All REMIC I regular and residual interests created hereby will be retired on or before the Latest Possible Maturity Date. Lower-Tier REMIC The following table irrevocably sets forth (or describes) the designation, interest rate, and initial principal balance of each Lower-Tier Interest in the Lower-Tier REMIC, each of which (other than the R-II Certificate) is hereby designated as a regular interest in the Lower-Tier 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 the Lower-Tier REMIC I Regular Interests). The REMIC I Regular Interests will not be certificated. REMIC I Regular Designation Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Amount Corresponding Class of Certificates LT-1A1A (1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________1A-1A LT-1A1B (1) (2) 1A-1B LT-2A1A (1) (2) 2A-1A LT-2A1B (1) (2) 0X-0X XX-0X0X (1) (2) 2A-1C LT-M1 (1) (2) M1 LT-M2 (1) (2) M2 LT-M3 (1) (2) M3 LT-M4 (1) (2) M4 LT-M5 (1) (2) M5 LT-M6 (1) (2) M6 LT-M7 (1) (2) M7 LT-M8 (1) (2) M8 LT-M9 (1) (2) M9 LT-M10 (1) (2) X00 XX-X (1) (3) N/A R-II Certificate (4) (4) N/A
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Dsla Mortgage Loan Trust 2006-Ar1)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-one classes of certificates, designated as (as defined herein)i) the Class I-A1 Certificates, (ii) the Class II-A1 Certificates, (iii) the Class II-A2 Certificates, (iv) the Class II-A3 Certificates, (v) the Class II-A4 Certificates, (vi) the Class M-1 Certificates, (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class M-10 Certificates, (xvi) the Class B-1 Certificates, (xvii) the Class B-2 Certificates, (xviii) the Class C Certificates, (xix) the Class P Certificates, (xx) the Class R Certificates and (xxi) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Net WAC Rate Carryover Reserve Account, any Servicer Prepayment Charge Payment Amounts, the Cap Contract, the Swap Account, the Supplemental Interest Trust and the Interest Rate Swap Agreement, ) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable (2I Variable(2) $ 2,922,000.00 June 306,321,842.48 February 25, 2035 2036 I-1-A Variable(2) $ 16,093,230.00 February 25, 2036 I-1-B Variable(2) $ 16,093,230.00 February 25, 2036 I-2-B Variable(2) $ 15,322,872.50 February 25, 2036 I-3-A Variable(2) $ 14,589,571.25 February 25, 2036 I-3-B Variable(2) $ 14,589,571.25 February 25, 2036 I-4-A Variable(2) $ 13,891,541.25 February 25, 2036 I-4-B Variable(2) $ 13,891,541.25 February 25, 2036 I-5-A Variable(2) $ 13,227,075.00 February 25, 2036 I-5-B Variable(2) $ 13,227,075.00 February 25, 2036 I-6-A Variable(2) $ 12,594,556.25 February 25, 2036 I-6-B Variable(2) $ 12,594,556.25 February 25, 2036 I-7-A Variable(2) $ 12,047,917.50 February 25, 2036 I-7-B Variable(2) $ 12,047,917.50 February 25, 2036 I-8-A Variable(2) $ 12,751,793.75 February 25, 2036 I-8-B Variable(2) $ 12,751,793.75 February 25, 2036 I-9-A Variable(2) $ 38,246,445.00 February 25, 2036 I-9-B Variable(2) $ 38,246,445.00 February 25, 2036 I-10-A Variable(2) $ 159,223,570.00 February 25, 2036 I-10-B Variable(2) $ 159,223,570.00 February 25, 2036 I-11-A Variable(2) $ 1,750,065.00 February 25, 2036 I-11-B Variable(2) $ 1,750,065.00 February 25, 2036 I-12-B Variable(2) $ 1,562,706.25 February 25, 2036 I-13-A Variable(2) $ 1,368,390.00 February 25, 2036 I-13-B Variable(2) $ 1,368,390.00 February 25, 2036 I-14-A Variable(2) $ 982,808.75 February 25, 2036 I-14-B Variable(2) $ 982,808.75 February 25, 2036 I-15-A Variable(2) $ 943,795.00 February 25, 2036 I-15-B Variable(2) $ 943,795.00 February 25, 2036 I-16-A Variable(2) $ 906,416.25 February 25, 2036 I-16-B Variable(2) $ 906,416.25 February 25, 2036 I-17-A Variable(2) $ 870,598.75 February 25, 2036 I-17-B Variable(2) $ 870,598.75 February 25, 2036 I-18-A Variable(2) $ 836,273.75 February 25, 2036 I-18-B Variable(2) $ 836,273.75 February 25, 2036 I-19-A Variable(2) $ 836,986.25 February 25, 2036 I-19-B Variable(2) $ 836,986.25 February 25, 2036 I-20-A Variable(2) $ 809,280.00 February 25, 2036 I-20-B Variable(2) $ 809,280.00 February 25, 2036 I-21-A Variable(2) $ 921,262.50 February 25, 2036 I-21-B Variable(2) $ 921,262.50 February 25, 2036 I-22-B Variable(2) $ 1,704,840.00 February 25, 2036 I-23-A Variable(2) $ 609,498.75 February 25, 2036 I-23-B Variable(2) $ 609,498.75 February 25, 2036 I-24-A Variable(2) $ 587,400.00 February 25, 2036 I-24-B Variable(2) $ 587,400.00 February 25, 2036 I-25-A Variable(2) $ 566,111.25 February 25, 2036 I-25-B Variable(2) $ 566,111.25 February 25, 2036 I-26-A Variable(2) $ 545,607.50 February 25, 2036 I-26-B Variable(2) $ 545,607.50 February 25, 2036 I-27-A Variable(2) $ 525,853.75 February 25, 2036 I-27-B Variable(2) $ 525,853.75 February 25, 2036 I-28-A Variable(2) $ 14,068,245.00 February 25, 2036 I-28-B Variable(2) $ 14,068,245.00 February 25, 2036 P Variable(2) $ 100.00 February 25, 2036 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-2)
PRELIMINARY STATEMENT. The Depositor intends is the owner of the Trust that is hereby conveyed to sell mortgage pass-through certificates the Trustee in return for the Certificates. The Trust for federal income tax purposes will consist of two REMICs (collectively, the “Certificates”"Subsidiary REMIC" and the "Master REMIC"), to be issued hereunder in multiple Classes, which in the aggregate . The Certificates will evidence represent the entire beneficial ownership interest in the Mortgage Loans (Trust. The assets of the Trust will constitute the assets of the Subsidiary REMIC and the Subsidiary REMIC will issue eleven uncertificated regular interests that will be held as defined herein)the sole assets of the Master REMIC. As provided hereinThe Class R-1 and Class R-2 Interests will be the residual interests in each of the Subsidiary REMIC and the Master REMIC, respectively. The Class A, Class M, Class B and Class X Certificates will represent the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described "regular interests" in the definition Master REMIC and the Class R Certificates will represent the single "residual interest" in each of the Subsidiary REMIC I and the Master REMIC. All interests created hereby will be retired on or before the Latest Possible Maturity Date, which shall be the Distribution Date in July 2031. The Subsidiary REMIC will be evidenced by the Class 1-Accrual Interest (as defined hereinthe "REMIC 1 Accrual Class"), and subject to this Agreementthe Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-M-1, Class 1-M-2, Class 1-B-1 Interests (the "REMIC 1 Accretion Directed Classes"), which will be uncertificated and non-transferable and are hereby designated as a real estate mortgage investment conduit (a “the "regular interests" in the Subsidiary REMIC”) . The REMIC 1 Accrual Class and each REMIC 1 Accretion Directed Class are each hereby designated regular interests in the Subsidiary REMIC for federal income tax purposes and such segregated pool of assets will be designated as “REMIC I.” The REMIC I Regular Interests will be have the “regular interests” in REMIC I following designations, initial principal balances, pass-through rates, and the Class R-I Certificates will be the sole class of “residual interests” in REMIC I for purposes Corresponding Classes of the Master REMIC Provisions Certificates (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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the 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 the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________"Corresponding Classes"):
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Origen Manufactured Housng CNT Sen/Sub as-BCK CRT Sr 2002-A)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage passMortgage Pass-through certificates Through Certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided herein, the Trustee REMIC Administrator will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein)Trust Fund, and subject to this AgreementAgreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a real estate mortgage investment conduit (a “the "REMIC”") for federal income tax purposes and such segregated pool of assets will be designated as “"REMIC I.” " The Uncertificated REMIC Regular I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 REMIC Administrator will make, in accordance with Section 9.12, make a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0A-1 Certificates, Class A-3A-2 Certificates, Class A-4A-3 Certificates, Class A-5A-4 Certificates, Class A-6A-5 Certificates, Class A-7A-6 Certificates, Class A-8A-7 Certificates, Class A-9A-8 Certificates, Uncertificated Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, the Class A-12 Certificates, Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO P Certificates), Class M-1M-1 Certificates, Class M-2M-2 Certificates, Class M-3M-3 Certificates, Class B-1B-1 Certificates, Class B-2 and Certificates, Class B-3 Certificates and the Uncertificated REMIC II Regular Interests Z will be “"regular interests” " in REMIC II, 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 lawProvisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC I Regular Interests Z. The terms and provisions of the 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. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the REMIC I type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and certain features for each Class of Certificates comprising the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), interests in the “latest possible maturity date” for the REMIC I Regular InterestsTrust Fund created hereunder. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through AGGREGATE INITIAL CERTIFICATE PASS-THROUGH PRINCIPAL MATURITY MOODY'S/ MINXXXX DESIGNATION RATE BALANCE FEATURES(1) DATE S&P/FITCH DENOMINATIONS(2) Class A-1 Adjustable $103,066,220.00 Senior/Floater/Adjustable Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25December, 2035 ___________________Aaa/AAA/AAA $100,000.00 Rate Class A-2 Adjustable $17,924,560.00 Senior/Inverse December, 2035 Aaa/AAA/AAA $100,000.00 Rate Floater/Adjustable Rate Class A-3 5.75% $49,879,000.00 Super Senior/ Fixed Rate December, 2035 Aaa/AAA $100,000.00 Class A-4 5.75% $1,871,320.00 Senior Support/ Fixed Rate December, 2035 Aa1/AAA/AAA $100,000.00 Class A-5 5.75% $81,289,900.00 Senior/Fixed Rate December, 2035 Aaa/AAA/AAA $100,000.00 Class A-6 5.75% $32,000,000.00 Super Senior/Lockout/Fixed Rate December, 2035 Aaa/AAA $100,000.00 Class A-7 5.75% $5,716,000.00 Senior Support/Lockout/Fixed Rate December, 2035 Aa1/AAA/AAA $100,000.00 Class A-8 5.50% $15,986,000.00 Super Senior/Accretion December, 2035 Aaa/AAA/AAA $100,000.00 Directed/Fixed Rate Class A-9 5.50% $21,160,000.00 Super Senior/Accrual/Fixed Rate December, 2035 Aaa/AAA/AAA $100,000.00 Class A-10 6.25% $15,000,000.00 Senior/Fixed Rate December, 2035 Aaa/AAA/AAA $100,000.00 Class A-11 6.25% $4,200,000.00 Senior/Retail/Fixed Rate December, 2035 Aaa/AAA/AAA $1,000.00 Class A-12 5.50% $1,254,000.00 Senior Support/Accretion December, 2035 Aa1/AAA/AAA $100,000.00 Directed Fixed/Rate Class A-P 0.00% $3,504,096.32 Senior/Principal Only December, 2035 Aaa/AAA/AAA $100,000.00 Class A-V Variable Notional Senior/Interest Only/Variable December, 2035 Aaa/AAA/AAA $2,000,000.00 Rate(3) Rate Class R-I 5.75% $100.00 Senior/Residual/Fixed Rate December, 2035 Aaa/AAA/AAA (4) Class R-II 5.75% $100.00 Senior/Residual/Fixed Rate December, 2035 Aaa/AAA/AAA (4) Class M-1 5.75% $7,515,400.00 Mezzanine/Fixed Rate December, 2035 NA/NA/AA $100,000.00 Class M-2 5.75% $2,382,900.00 Mezzanine/Fixed Rate December, 2035 NA/NA/A $250,000.00 Class M-3 5.75% $1,466,400.00 Mezzanine/Fixed Rate December, 2035 NA/NA/BBB $250,000.00 Class B-1 5.75% $916,500.00 Subordinate/Fixed Rate December, 2035 NA/NA/BB $250,000.00 Class B-2 5.75% $549,900.00 Subordinate/Fixed Rate December, 2035 NA/NA/B $250,000.00 Class B-3 5.75% $916,565.37 Subordinate/Fixed Rate December, 2035 NA/NA/NA $250,000.00
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2005-S9 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-one classes of certificates, designated as (as defined herein)i) the Class I-A-1 Certificates, (ii) the Class II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) Class II-A-3 Certificates, (v) the Class II-A-4 Certificates, (vi) the Class M-1 Certificates (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class M-10 Certificates, (xvi) the Class M-11 Certificates, (xvii) the Class M-12 Certificates, (xviii) the Class C Certificates, (xix) the Class P Certificates, (xx) the Class R Certificates and (xxi) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Net WAC Rate Carryover Reserve Account, the Swap Account, the Servicer Prepayment Charge Payment Amounts, the Supplemental Interest Trust, the Interest Rate Swap Agreement, the Cap Account, the Interest Rate Cap Agreement, the Cap Allocation Agreement and the Basis Risk Cap Agreement) subject to this Agreement as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 I Variable (2) $ 2,922,000.00 June 213,206,547.11 July 25, 2035 ___________________2036 I-1-A Variable (2) $ 14,773,892.51 July 25, 2036 I-1-B Variable (2) $ 14,773,892.51 July 25, 2036 I-2-A Variable (2) $ 14,078,364.01 July 25, 2036 I-2-B Variable (2) $ 14,078,364.01 July 25, 2036 I-3-A Variable (2) $ 13,415,861.84 July 25, 2036 I-3-B Variable (2) $ 13,415,861.84 July 25, 2036 I-4-A Variable (2) $ 12,784,807.40 July 25, 2036 I-4-B Variable (2) $ 12,784,807.40 July 25, 2036 I-5-A Variable (2) $ 12,183,697.93 July 25, 2036 I-5-B Variable (2) $ 12,183,697.93 July 25, 2036 I-6-A Variable (2) $ 11,615,159.48 July 25, 2036 I-6-B Variable (2) $ 11,615,159.48 July 25, 2036 I-7-A Variable (2) $ 11,068,811.46 July 25, 2036 I-7-B Variable (2) $ 11,068,811.46 July 25, 2036 I-8-A Variable (2) $ 10,608,995.90 July 25, 2036 I-8-B Variable (2) $ 10,608,995.90 July 25, 2036 I-9-A Variable (2) $ 10,187,312.28 July 25, 2036 I-9-B Variable (2) $ 10,187,312.28 July 25, 2036 I-10-A Variable (2) $ 9,667,018.60 July 25, 2036 I-10-B Variable (2) $ 9,667,018.60 July 25, 2036 I-11-B Variable (2) $ 15,316,070.05 July 25, 2036 I-12-A Variable (2) $ 118,006,623.29 July 25, 2036 I-12-B Variable (2) $ 118,006,623.29 July 25, 2036 I-13-A Variable (2) $ 6,150,513.56 July 25, 2036 I-13-B Variable (2) $ 6,150,513.56 July 25, 2036 I-14-A Variable (2) $ 5,251,235.97 July 25, 2036 I-14-B Variable (2) $ 5,251,235.97 July 25, 2036 I-15-A Variable (2) $ 4,318,448.88 July 25, 2036 I-15-B Variable (2) $ 4,318,448.88 July 25, 2036 I-16-A Variable (2) $ 2,096,660.00 July 25, 2036 I-16-B Variable (2) $ 2,096,660.00 July 25, 2036 I-18-A Variable (2) $ 1,904,688.16 July 25, 2036 I-18-B Variable (2) $ 1,904,688.16 July 25, 2036 I-19-A Variable (2) $ 1,815,860.54 July 25, 2036 I-19-B Variable (2) $ 1,815,860.54 July 25, 2036 I-20-A Variable (2) $ 1,731,468.40 July 25, 2036 I-20-B Variable (2) $ 1,731,468.40 July 25, 2036 I-21-A Variable (2) $ 1,651,276.68 July 25, 2036 I-21-B Variable (2) $ 1,651,276.68 July 25, 2036 I-22-B Variable (2) $ 1,575,063.40 July 25, 2036 I-23-A Variable (2) $ 2,293,131.48 July 25, 2036 I-23-B Variable (2) $ 2,293,131.48 July 25, 2036 I-24-B Variable (2) $ 8,907,900.68 July 25, 2036 I-25-A Variable (2) $ 867,855.90 July 25, 2036 I-25-B Variable (2) $ 867,855.90 July 25, 2036 I-26-A Variable (2) $ 835,847.40 July 25, 2036 I-26-B Variable (2) $ 835,847.40 July 25, 2036 I-27-A Variable (2) $ 805,047.56 July 25, 2036 I-27-B Variable (2) $ 805,047.56 July 25, 2036 I-28-A Variable (2) $ 775,408.98 July 25, 2036 I-28-B Variable (2) $ 775,408.98 July 25, 2036 I-29-A Variable (2) $ 746,886.25 July 25, 2036 I-29-B Variable (2) $ 746,886.25 July 25, 2036 I-30-A Variable (2) $ 719,435.79 July 25, 2036 I-30-B Variable (2) $ 719,435.79 July 25, 2036 I-31-A Variable (2) $ 693,015.84 July 25, 2036 I-31-B Variable (2) $ 693,015.84 July 25, 2036 I-32-A Variable (2) $ 18,384,428.29 July 25, 2036 I-32-B Variable (2) $ 18,384,428.29 July 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff8)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2003-2 Mortgage Loan Pass-Through Certificates, Series 2003-2 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of fourteen classes of certificates, designated as (as defined herein)i) the Class 1-A Certificates, (ii) the Class 1-X Certificates, (iii) the Class 2-A-1 Certificates, (iv) the Class 2-A-2 Certificates, (v) the Class 2-X Certificates, (vi) the Class 3-A Certificates, (vii) the Class A-R Certificate, (viii) the Class B-1 Certificates, (ix) the Class B-2 Certificates, (x) the Class B-3 Certificates, (xi) the Class B-4 Certificates, (xii) the Class B-5 Certificates, (xiii) the Class B-6 Certificates and (xix) the Class P Certificate. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”Basis Risk Reserve Fund) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising three real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interests” in REMIC I Lower-Tier REMIC”, the “Middle-Tier REMIC”, and the “Upper-Tier REMIC”). Each Certificate, other than the Class P Certificate and the Class RA-I R Certificate, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, the Class 1-A Certificates will be represent the right to receive payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07. The owners of the Class 1-X Certificates beneficially own the Basis Risk Reserve Fund. The Class P Certificate represents an interest in the Trust Fund but does not represent an interest in any REMIC created hereunder. The Class A-R Certificate represents the sole class of “residual interests” interest in each REMIC. The Lower-Tier REMIC I for purposes shall hold as assets all property of the REMIC Provisions (as defined herein) under Trust Fund other than the federal income tax law. A segregated pool of assets consisting of held in the REMIC I Regular Interests will be designated as “REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 IIBasis Risk Reserve Fund, and the Class Rinterests in any REMIC formed hereby. The Middle-II Certificates will be Tier REMIC shall hold as assets the sole class several classes of “residual interests” therein for purposes uncertificated interests of the Lower-Tier REMIC, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC Provisions (regular interest. The Upper Tier REMIC shall hold as defined herein) under federal income tax lawassets the uncertificated Middle-Tier REMIC Interests, other than the Class MT-R Interest. Each such Middle-Tier Interest is hereby designated as a REMIC I regular interest. Lower-Tier REMIC Interests The following table irrevocably sets forth specifies the Class designation, the interest rate, and initial Class Principal Amount for each Class of Lower-Tier REMIC I Pass-Through Rate, the initial Uncertificated Interest: Lower Tier REMIC Class Designation Interest Rate Initial Class Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Related Loan Group Class LT-Group 1 (1) M-3 Variable $ 197,271,595.11 Group1 Class LT-SC1 (1) $ 108,560.56 Group 1 Class LT-Group 2 (2) $ 2,922,000.00 June 25, 2035 349,930,158.43 Group 2 Class LT-SC2 (2) $ 192,577.36 Group 2 Class LT-Group 3 (3) $ 90,075,307.26 Group 3 Class LT-SC3 (3) $ 49,568.76 Group 3 Class LT-R (4) (4) N/A ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Greenwich Capital Accept Inc Harborview Mort Loan Tr 2003 2)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twelve classes of certificates, designated as (as defined herein)i) the Class I-A-1 Certificates, (ii) the Class II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) the Class II-A-3 Certificates, (v) the Class II-A-4 Certificates, (vi) the Class C Certificates, (vii) the Class P Certificates, (viii) the Class R Certificates and (ix) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Net WAC Rate Carryover Reserve Account, any Servicer Prepayment Charge Payment Amounts, the Swap Account, the Supplemental Interest Trust and the Interest Rate Swap Agreement, ) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Certificate Principal Balance Latest Possible Maturity(1Assumed Final Maturity Date(1) M-3 Variable I (2) $ 2,922,000.00 June 25, 2035 156,488,564.28 February 2038 I-4-B (2) $ 8,363,471.25 February 2038 I-5-B (2) $ 9,243,401.25 February 2038 I-8-B (2) $ 11,145,846.25 February 2038 I-11-B (2) $ 9,264,968.75 February 2038 I-18-B (2) $ 8,394,027.50 February 2038 I-20-B (2) $ 17,327,707.50 February 2038 I-24-B (2) $ 6,274,632.50 February 2038 I-25-B (2) $ 6,011,301.25 February 2038 I-26-B (2) $ 5,798,306.25 February 2038 I-27-B (2) $ 5,592,841.25 February 2038 I-29-B (2) $ 5,203,481.25 February 2038 I-30-B (2) $ 5,019,075.00 February 2038 I-33-B (2) $ 4,503,590.00 February 2038 I-34-B (2) $ 4,343,961.25 February 2038 I-38-B (2) $ 1,956,200.00 February 2038 I-39-B (2) $ 1,886,818.75 February 2038 I-41-B (2) $ 1,755,341.25 February 2038 I-42-A (2) $ 1,693,073.75 February 2038 I-42-B (2) $ 1,693,073.75 February 2038 I-43-B (2) $ 1,633,011.25 February 2038 I-44-B (2) $ 1,575,077.50 February 2038 I-45-B (2) $ 1,519,193.75 February 2038 I-47-B (2) $ 1,415,723.75 February 2038 I-48-B (2) $ 1,368,262.50 February 2038 I-49-B (2) $ 1,319,603.75 February 2038 I-50-B (2) $ 1,272,636.25 February 2038 I-51-B (2) $ 1,227,338.75 February 2038 I-52-B (2) $ 1,183,628.75 February 2038 I-55-B (2) $ 1,061,615.00 February 2038 P (2) $ 100.00 February 2038 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Hl1)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage passMortgage Pass-through certificates Through Certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided herein, the Trustee REMIC Administrator will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein)Trust Fund, and subject to this AgreementAgreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund and the Yield Maintenance Agreements and any payments thereunder), as a real estate mortgage investment conduit (a “the "REMIC”") for federal income tax purposes and such segregated pool of assets will be designated as “"REMIC I.” " The Uncertificated REMIC Regular I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 REMIC Administrator will make, in accordance with Section 9.12, make a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0A-1 Certificates, Class A-3A-2 Certificates, Class A-4A-3 Certificates, Class A-5A-4 Certificates, Class A-6A-5 Certificates, Class A-7A-6 Certificates, Class A-8A-7 Certificates, Class A-9A-8 Certificates, Uncertificated Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-15 Certificates, Class A-16 Certificates, Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO P Certificates), Class M-1M-1 Certificates, Class M-2M-2 Certificates, Class M-3M-3 Certificates, Class B-1B-1 Certificates, Class B-2 and Certificates, Class B-3 Certificates and the Uncertificated REMIC II Regular Interests Z will be “"regular interests” " in REMIC II, 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 lawProvisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC I Regular Interests Z. The terms and provisions of the 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. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the REMIC I type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and certain features for each Class of Certificates comprising the initial Uncertificated interests in the Trust Fund created hereunder. AGGREGATE INITIAL CERTIFICATE DESIGNATION RATE BALANCE FEATURES(1) DATE MOODY'S/S&P/FITC DENOMINATIONS(2) Class A-1 6.00% $10,000,000 Senior/Fixed Xxxx July 2036 Aaa/AAA/AAA $100,000.00 Class A-2 6.00% $20,000,000 Senior/Fixed Rate July 2036 Aaa/AAA/AAA $100,000.00 Class A-3(3) Variable $50,000,000 Senior/Floater/Adjustable Rate July 2036 Aaa/AAA/AAA $100,000.00 Rate Senior/Inverse Floater/ Class A-4(3) Variable ------------------------------------ Rate Notional Interest Only/Adjustable Rate July 2036 Aaa/AAA/AAA $1,000,000.00 Class A-5(4) Variable $25,000,000 Senior/Floater/Adjustable Rate July 2036 Aaa/AAA/AAA $100,000.00 Rate Class A-6(4) Variable Notional Senior/Inverse Floater/ July 2036 Aaa/AAA/AAA $1,000,000.00 Rate Interest Only/Adjustable Rate Class A-7(5) Variable $5,000,000 Senior/Floater/Adjustable Rate July 2036 Aa1/AAA/AAA $100,000.00 Rate Class A-8(5) Variable $208,333 Senior/Inverse Floater/Adjustable July 2036 Aaa/AAA/AAA $100,000.00 Rate Rate Class A-9 6.00% $140,586,000 Super Senior/Fixed Rate July 2036 Aaa/AAA/AAA $100,000.00 Class A-10 6.00% $9,754,000 Super Senior/Fixed Rate July 2036 Aaa/AAA/AAA $100,000.00 Class A-11 6.00% $57,500,000 Senior/Retail/Fixed Rate July 2036 Aaa/AAA/AAA $1,000.00 Class A-12 6.00% $102,866,700 Super Senior/Fixed Rate July 2036 Aaa/AAA/AAA $100,000.00 Class A-13 6.00% $64,933,000 Super Senior/Accretion Directed/ July 2036 Aaa/AAA/AAA $100,000.00 Fixed Rate Class A-14 6.00% $25,000,000 Super Senior/Accrual/Fixed Rate July 2036 Aaa/AAA/AAA $100,000.00 Class A-15 6.00% $50,849,000 Super Senior/Lockout/Fixed Rate July 2036 Aaa/AAA/AAA $100,000.00 Class A-16 6.00% $14,502,000 Super Senior/Lockout/Fixed Rate July 2036 Aaa/AAA/AAA $100,000.00 Class A-P 0.00% $2,070,240 Senior/Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC Only July 2036 Aaa/AAA/AAA $100,000.00 Class A-V Variable Notional Senior/Interest Only/Variable Rate July 2036 Aaa/AAA/AAA $2,000,000.00 Rate Class R-I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through 6.00% $100.00 Senior/Residual/Fixed Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1July 2036 Aaa/AAA/AAA (6) Class R-II 6.00% $66.66 Senior/Residual/Fixed Rate July 2036 Aaa/AAA/AAA (4) Class M-1 6.00% $11,691,400 Mezzanine/Fixed Rate July 2036 NA/NA/AA $100,000.00 Class M-2 6.00% $3,597,300 Mezzanine/Fixed Rate July 2036 NA/NA/A $250,000.00 Class M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________6.00% $2,398,200 Mezzanine/Fixed Rate July 2036 NA/NA/BBB $250,000.00 Class B-1 6.00% $1,199,100 Subordinate/Fixed Rate July 2036 NA/NA/BB $250,000.00 Class B-2 6.00% $1,199,100 Subordinate/Fixed Rate July 2036 NA/NA/B $250,000.00 Class B-3 6.00% $1,199,233 Subordinate/Fixed Rate July 2036 NA/NA/NA $250,000.00
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2006-S6 Trust)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2005-10 Mortgage Loan Pass-Through Certificates, Series 2005-10 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-two classes of certificates, designated as (as defined herein)i) the Class 1-A1A Certificates, (ii) the Class 1-A1B Certificates, (iii) the Class 2-A1A Certificates, (iv) the Class 2-A1B Certificates, (v) the Class 2-A1C1 Certificates, (vi) the Class 2-A1C2 Certificates, (vii) the Class X Certificates, (viii) the Class PO Certificates, (ix) the Class A-R Certificates, (x) the Class A-R-II Certificates, (xi) the Class B-1 Certificates, (xii) the Class B-2 Certificates, (xiii) the Class B-3 Certificates, (xiv) the Class B-4 Certificates, (xv) the Class B-5 Certificates, (xvi) the Class B-6 Certificates, (xvii) the Class B-7 Certificates, (xviii) the Class B-8 Certificates, (xix) the Class B-9 Certificates, (xx) the Class B-10 Certificates, (xxi) the Class B-11 Certificates and (xxii) the Class B-12 Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein)Prefunding Account, the Basis Risk Reserve Fund, and subject to this Agreementthe Yield Maintenance Account and the Yield Maintenance Agreements (collectively, as a real estate mortgage investment conduit (a the “REMICExcluded Trust Property”) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising three real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC,” in REMIC I the “Middle-Tier REMIC” and the “Upper-Tier REMIC”). Each Certificate, other than the Class A-R and Class A-R-I II Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, (i) the LIBOR Certificates will be represent the right to receive payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07 and (ii) the Class 1-A1A, Class 1-A1B, Class 2-A1A, Class 2-A1B, Class 2-A1C1 and Class 2-A1C2 Certificates represent the right to receive payments in respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided in Section 4.04. The owners of the Class X Certificates beneficially own the Basis Risk Reserve Fund and the Yield Maintenance Account. The Class A-R-II Certificate represents ownership of the sole class of “residual interests” interest 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,” Lower-Tier REMIC, and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 R Certificates will be “regular interests” in REMIC II, and the Class R-II Certificates will be represent ownership of the sole class of “residual interests” therein for purposes interest in the Middle-Tier and the Upper-Tier REMICs. The Lower-Tier REMIC shall hold as assets all property of the Trust Fund, other than the Excluded Trust Property and the interests in the Lower-Tier REMIC Provisions (and the Middle-Tier REMIC formed hereby. The Middle-Tier REMIC shall hold as defined herein) under federal income tax lawassets the uncertificated Lower-Tier Interests, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC I regular interest. The Upper-Tier REMIC shall hold as assets the uncertificated Middle-Tier Interests, other than the Class MT-R Interest. Each such Middle-Tier Interest is hereby designated as a REMIC regular interest. Lower-Tier REMIC Interests The following table irrevocably sets forth specifies the Class designation, the interest rate, and initial principal amount for each Lower-Tier REMIC I Pass-Through Rate, the initial Uncertificated Interest: Designation Interest Rate Initial Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Related group LT-Group 1 (1) M-3 Variable $ 699,317,501.60 Group 1 LT-Group 1 SCA (1) $ 682,498.50 Group 1 LT-Group 2 (2) $ 2,922,000.00 June 25, 2035 ___________________1,598,440,000.52 Group 2 LT-Group 2 SCA (2) $ 1,559,999.50 Group 2 LT-R (3) (3) N/A
Appears in 1 contract
Samples: Pooling Agreement (HarborView Mortgage Loan Trust 2005-10)
PRELIMINARY STATEMENT. In exchange for the Certificates, the Depositor hereby conveys the Trust Estate to the Trustee to create the Trust. The Depositor intends 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 Class A Certificates (other than the Class 1-A-26, Class 1-A-R, Class 1-A-LR and Class A-PO Certificates) and the Class B Certificates are referred to sell mortgage passcollectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-through certificates Tier REMIC. The Class 1-A-26A Component, Class 1-A-26B Component, Class 1-A-PO Component and Class 2-A-PO Component (collectively, the “Certificates”), to be issued hereunder in multiple Classes, which "Components") shall also constitute "regular interests" in the aggregate Upper-Tier REMIC. The Uncertificated Lower-Tier Interests shall constitute the "regular interests" in the Lower-Tier REMIC. The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Certificate shall be the "residual interest" in the Lower-Tier REMIC. The Certificates will evidence represent the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) The "latest possible maturity date" for federal income tax purposes and such segregated pool of assets will be designated as “REMIC I.” The REMIC I Regular Interests all interests created hereby will be the “regular interests” in REMIC I and the Class R-I Certificates will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein) under the federal income tax lawCertificate Maturity Date. A segregated pool of assets consisting of the REMIC I Regular Interests will be designated as “REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth characteristics of the designationCertificates and the Components, together with the REMIC I Pass-Through Rate, minimum denominations and integral multiples in excess thereof in which the initial Uncertificated Principal Balance and, for purposes Classes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in any amount in excess of the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________minimum denomination):
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Pass Through Certificates Series 2001-9)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I 1 (as defined herein), and 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 I.” 1." The REMIC I 1 Regular Interests will be the “"regular interests” " in REMIC I 1 and the Class R-I R-1 Certificates will be the sole class of “"residual interests” " in REMIC I 1 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 1 Regular Interests will be designated as “"REMIC II,” 2" and the Trustee REMIC Administrator will make, in accordance with Section 9.12, make a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-01-A, Class A-32-A-1, Class A-42-A-2, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Uncertificated Class A2-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates)A-3, 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 II2, and the Class R-II R-2 Certificates will be the sole class of “"residual interests” " therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation, the REMIC I 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for the REMIC I 1 Regular InterestsInterest. The REMIC I 1 Regular Interests will not be certificated. REMIC I Regular Initial Interest Designation REMIC I Pass- Uncertificated Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 -------------------------------------------------------------------------------- 1-A Variable (2) $ 2,922,000.00 June 229.32 November 25, 2035 ___________________2034 1-B Variable (2) $ 7,643.52 November 25, 2034 2-A Variable (2) $ 1,606.83 November 25, 2034 2-B Variable (2) $ 53,559.03 November 25, 2034 ZZZ Variable (2) $ November 25, 2034 611,962,493.97 -----------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust MLCC Series 2004-1)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage passMortgage Pass-through certificates Through Certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided herein, the Trustee REMIC Administrator will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a real estate mortgage investment conduit (a “"REMIC”") for federal income tax purposes and such segregated pool of assets will be designated as “the "REMIC I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 REMIC Administrator will make, in accordance with Section 9.12, make a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0A-1 Certificates, Class A-3A-2 Certificates, Class A-4A-3 Certificates, Class A-5A-4 Certificates, Class A-6A-5 Certificates, Class A-7A-6 Certificates, Class A-8A-7 Certificates, Class A-9A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-15 Certificates, Class A-16 Certificates, Class A-17 Certificates, Class A-18 Certificates, Class A-19 Certificates, Class A-20 Certificates, Class A-21 Certificates, Class A-22 Certificates, Class A-23 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates V REMIC Regular Interests will be “"regular interests” " in REMIC II, II and the Class R-II Certificates will be the sole class of “"residual interests” " therein for purposes of the REMIC Provisions (Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The terms and provisions of the 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. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein) under federal income tax lawherein shall have the meanings set forth in the Standard Terms. REMIC I The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Pass- Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the Uncertificated REMIC I Regular Interests. The None of the Uncertificated REMIC I Regular Interests will not be certificated. Uncertificated Initial Uncertificated Latest REMIC-I-Pass Principal-Balance Possible-Maturity(1) Designation Through Rate --------------------------------------------- ------------------------------------------------------- REMIC I Regular Interest Designation 6.50% $ 25,028,000.00 November 25, 2031 Q REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Regular Interest 6.50% $ 25,000,000.00 November 25, 2031 R REMIC I Regular Interest 6.50% $ 22,951,000.00 November 25, 2031 S REMIC I Regular Interest 6.50% $ 276,470,817.00 November 25, 2031 T REMIC I Regular Interest 8.00% $ 100,000,000.00 November 25, 2031 V REMIC I Regular Interest 5.50% $ 150,000,000.29 November 25, 2031 W REMIC I Regular Interest 6.50% $ 17,649,000.00 November 25, 2031 X REMIC I Regular Interest 6.50% $ 1,641,461.00 November 25, 2031 Y REMIC I Regular Interest 0.00% $ 1,066,575.36 November 25, 2031 Z REMIC I Variable (2) $ 2,922,000.00 June N/A(3) November 25, 2035 ___________________2031 IO Regular Interests R-I 6.50% $ 100.00 November 25, 2031 -------------------
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage passMortgage Pass-through certificates Through Certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided herein, the Trustee REMIC Administrator will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), 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 I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 REMIC Administrator will make, in accordance with Section 9.12, make 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates REMIC II Regular Interests will be “"regular interests” " in REMIC II, II and the Class R-II Certificates will be the sole class of “"residual interests” " in REMIC II for purposes of the REMIC Provisions. A segregated pool of assets consisting of the Uncertificated REMIC II Regular Interests will be designated as "REMIC III" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class 1-A-1 Certificates, Class 1-A-2 Certificates, Class 1-A-3 Certificates, Class 1-A-4 Certificates, Class 1-A-5 Certificates, Class 1-A-6 Certificates, Class 1-A-7 Certificates, Class 1-A-8 Certificates, Class 1-A-9 Certificates, Class 1-A-10 Certificates, Class 1-A-11 Certificates, Class 1-A-12 Certificates, Class 1-A-13 Certificates, Class 1-A-14 Certificates, Class 1-A-15 Certificates, Class 1-A-16 Certificates, Class 1-A-17 Certificates, Class 1-A-18 Certificates, Class 1-A-19 Certificates, Class 1-A-20 Certificates, Class 1-A-P Certificates, Class 2- A-1 Certificates, Class 2-A-2 Certificates, Class 2-A-3 Certificates, Class 2-A-4 Certificates, Class 2-A-5 Certificates, Class 2-A-6 Certificates, Class 2-A-7 Certificates, Class 2-A-8 Certificates, Class 2-A-9 Certificates, Class 2-A-10 Certificates, Class 2-A-11 Certificates, Class 2-A-12 Certificates, Class 2-A-13 Certificates, Class 2-A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates, Uncertificated Class 1-A-V REMIC Regular Interests and Uncertificated Class 2-A-V REMIC Regular Interests will be "regular interests" in REMIC III and the Class R-III Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (Provisions. The Class 1-A-V and Class 2-A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class 1-A-V REMIC Regular Interests and the Uncertificated Class 2-A-V REMIC Regular Interests, respectively. The terms and provisions of the 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. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein) under federal income tax lawherein shall have the meanings set forth in the Standard Terms. REMIC I The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Pass- Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the Uncertificated REMIC I Regular Interests. The None of the Uncertificated REMIC I Regular Interests will not be certificated. Uncertificated REMIC I Pass- Initial Uncertificated Latest Designation Through Rate Principal Balance Possible Maturity(1) ----------- ------------ ----------------- -------------------- REMIC I Regular Interest Designation 6.75% $ 412,464,927.00 October 25, 2031 LT-1A REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable Regular Interest 6.50% $ 129,069,962.95 October 25, 2031 LT-2A REMIC I Regular Interest 6.50% $ 100.00 October 25, 2031 LT-2R REMIC I Regular Interest 0.00% $ 1,136,409.09 October 25, 2031 LT-1P REMIC I Regular Interest 0.00% $ 11,377.14 October 25, 2031 LT-2P REMIC I Group 1 (2) $ 2,922,000.00 June N/A (3) October 25, 2035 ___________________2031 Regular Interests REMIC I Group 2 (2) N/A (3) October 25, 2031 Regular Interests
Appears in 1 contract
Samples: And Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2004-8 Mortgage Loan Pass-Through Certificates, Series 2004-8 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of seventeen classes of certificates, designated as (as defined herein)i) the Class 1-A Certificates, (ii) the Class 2-A1 Certificates, (iii) the Class 2-A2 Certificates, (iv) the Class 2-A3 Certificates, (v) the Class 2-A4A Certificates, (vi) the Class 2-A4B Certificates, (vii) the Class 3-A1 Certificates, (viii) the Class 3-A2 Certificates, (ix) the Class X Certificates, (x) the Class A-R Certificates, (xi) the Class B-1 Certificates, (xii) the Class B-2 Certificates, (xiii) the Class B-3 Certificates, (xiv) the Class B-4 Certificates, (xv) the Class B-5 Certificates, (xvi) the Class B-6 Certificates and (xvii) the Class Y Certificate. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein)Basis Risk Reserve Fund, the Yield Maintenance Account and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”the Class 1-A Basis Risk Account) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interests” in REMIC I and the Class RLower-I Certificates will be the sole class of “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,Tier REMIC” and the Trustee will make“Upper-Tier REMIC”). Each Certificate, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of other than the Class A-IO Certificates)R Certificate, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, (i) the Class 1-A, Class M-12-A2, Class M-22-A3, Class M-32-A4A, Class 2-A4B, Class 3-A2, Class B-1, Class B-2 B-2, Class B-3, Class B-4, Class B-5 and Class B-3 B-6 Certificates will be “regular interests” represent the right to receive payments in REMIC IIrespect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07, (ii) the Class 2-A3, Class 2-A4A, Class 2-A4B and Class 3-A2 Certificates represent the right to receive payments in respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided in Section 4.04 and (iii) the Class 1-A Certificates represent the right to receive payments in respect of Basis Risk Shortfalls from the Class 1-A Basis Risk Account as provided in Section 4.05. The owners of the Class X Certificates beneficially own the Basis Risk Reserve Fund and the Yield Maintenance Account. The Class RA-II Certificates will be R Certificate represents the sole class of “residual interests” therein for purposes interest in each REMIC. The Lower-Tier REMIC shall hold as assets all property of the Trust Fund other than the assets held in the Basis Risk Reserve Fund, the Yield Maintenance Account, the Class 1-A Basis Risk Account, and the interests in the Lower-Tier REMIC Provisions (formed hereby. The Upper Tier REMIC shall hold as defined herein) under federal income tax lawassets the uncertificated Lower-Tier REMIC Interests, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC I regular interest. Lower-Tier REMIC Interests The following table irrevocably sets forth specifies the Class designation, the interest rate, and initial Class Principal Amount for each Class of Lower-Tier REMIC I Pass-Through Rate, the initial Uncertificated Interest: Class Designation Interest Rate Initial Principal Balance and, for purposes Corresponding Class of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Certificates LT1-A (1) M-3 Variable $ 110,995,250.00 Class 1-A LT2-A1 (1) $ 25,000,000.00 Class 2-A1 LT2-A2 (1) $ 50,000,000.00 Class 2-A2 LT2-A3 (1) $ 31,250,000.00 Class 2-A3 LT2-A4A (1) $ 59,006,500.00 Class 2-A4A LT2-A4B (1) $ 10,413,000.00 Class 2-A4B LT3-A1 (1) $ 16,176,750.00 Class 3-A1 LT3-A2 (1) $ 25,000,000.00 Class 3-A2 LTA-R (1) $ 25.00 Class A-R LT-Group 1 (2) $ 2,922,000.00 June 25, 2035 118,647,290.45 N/A LT-SC-1 (2) $ 318,835.02 N/A LT-Group 2 (3) $ 187,780,038.44 N/A LT-SC-2 (3) $ 504,605.77 N/A LT-Group 3 (4) $ 44,015,523.86 N/A LT-SC-3 (4) $ 118,282.24 N/A LTQ (1) $ 702,769,151.57 N/A LT-R (5) (5) Class A-R __________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-8)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the DSLA Mortgage Loan Trust 2004-AR4, DSLA Mortgage Pass-Through Certificates, Series 2004-AR4 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of sixteen classes of certificates, designated as (as defined herein)i) the Class 1-A1A Certificates, (ii) the Class 2-A1A Certificates, (iii) the Class 2-A1B Certificates, (iv) the Class 2-A2A Certificates, (v) the Class 2-A2B Certificates, (vi) the Class X-1 Certificates, (vii) the Class X-2, (viii) the Class A-R Certificate, (ix) the Class B-1 Certificates, (x) the Class B-2 Certificates, (xi) the Class B-3 Certificates, (xii) the Class B-4 Certificates, (xiii) the Class B-5 Certificates, (xiv) the Class B-6 Certificates, (xv) the Class Y Certificates and (xvi) the Class C Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein)Basis Risk Reserve Fund, the Yield Maintenance Account, and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”the Yield Maintenance Agreements) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising three real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC,” in REMIC I and the Class R“Middle-I Certificates will be the sole class of “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 IITier REMIC,” and the Trustee will make“Upper-Tier REMIC”). Each Certificate, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of other than the Class A-IO Certificates)R, Class M-1Y, and Class C Certificates shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, the Class 1-A1A, Class M-22-A1A, Class M-32-A1B, Class 2-A2A, Class 2-A2B, Class B-1, Class B-2 B-2, Class B-3, Class B-4, Class B-5, and Class B-3 B-6 Certificates will be “represent the right to receive payments in respect of Basis Risk Shortfalls. The Class X-2 Certificates, in addition to representing beneficial ownership of REMIC regular interests” , also represent beneficial ownership of the Basis Risk Reserve Fund and the Yield Maintenance Account. The Class A-R Certificate represents the ownership of the sole residual interest in REMIC IIeach of the Lower-Tier REMIC, the Middle-Tier REMIC, and the Upper-Tier REMIC. The Class R-II Y Certificates, which will not have a Class Principal Balance and will not accrue interest, will only be entitled to received on any Distribution Date the excess, if any, of amounts paid with respect to any Yield Maintenance Agreement in excess of the Yield Maintenance Distributable Amount for such Yield Maintenance Agreement. The Class Y Certificates will be not represent an interest in any REMIC. The Class C Certificate shall represent a right to direct the sole class of “residual interests” therein for purposes termination of the Trust but shall not represent an interest in any REMIC. The Lower-Tier REMIC Provisions (shall hold as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth assets all property of the designationTrust Fund other than the assets held in the Basis Risk Reserve Fund, the REMIC I Pass-Through RateYield Maintenance Account, the initial Uncertificated Principal Balance andYield Maintenance Agreements, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), and the “latest possible maturity date” for the interests in any REMIC I Regular Interestsformed hereby. The Middle-Tier REMIC I Regular shall hold as assets the uncertificated Lower-Tier Interests will not be certificatedin the Lower-Tier REMIC, other than the Class LT-R Interest, and each such Lower-Tier Interest is hereby designated as a regular interest in the Lower-Tier REMIC. The Upper-Tier REMIC I Regular shall hold as assets the uncertificated Middle-Tier Interests in the Middle-Tier REMIC, other than the Class MT-R Interest, and each such Middle-Tier Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________is hereby designated as a regular interest in the Middle-Tier REMIC.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2004-Ar4)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of nineteen classes of certificates, designated as (as defined herein)i) the Class A-1 Certificates, (ii) the Class A-2 Certificates, (iii) the Class A-3 Certificates, (iv) the Class A-IO Certificates, (v) the Class M-1 Certificates, (vi) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (viii) the Class M-4 Certificates, (ix) the Class M-5 Certificates, (x) the Class M-6 Certificates, (xi) the Class M-7 Certificates, (xii) the Class M-8 Certificates, (xiii) the Class M-9 Certificates, (xiv) the Class B-1 Certificates, (xv) the Class P Certificates, (xvi) the Class X-1 Certificates, (xvii) the Class X-2 Certificates, (xviii) the Class X-S Certificates and (xix) the Class A-R Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this AgreementAgreement (exclusive of the Pre-Funding Account, Basis Risk Reserve Fund, Swap Account, the Capitalized Interest Account, the Supplemental Interest Trust and the Subsequent Mortgage Loan Interest) 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.1.” The REMIC I Regular Interests Class R-1 Interest will be the “regular interests” in REMIC I and the Class R-I Certificates will be represent the sole class of “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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 1 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 Pass-Through Rate, Rate and the initial Uncertificated Principal Balance and, for each of the “regular interests” in REMIC 1 (the “REMIC 1 Regular Interests”). None of the REMIC 1 Regular Interests will be certificated. 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 ) of each of the REMIC I Regular Interests. The REMIC I 1 Regular Interests will not be certificatedthe Latest Possible Maturity Date as defined herein. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1LTI-1 Variable(1) M-3 Variable $ 686,924,203.79 LTI-PF Variable(1) $ 113,075,796.21 LTI-S1 Variable(1) (2) LTI-S2 Variable(1) (2) LTI-AR Variable(1) $ 2,922,000.00 June 25, 2035 100.00 LTI-P Variable(1) $ 100.00 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Home Equity Mortgage Trust 2006-5)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-one classes of certificates, designated as (as defined herein)i) the Class A-1 Certificates, (ii) the Class A-2 Certificates, (iii) the Class A-3 Certificates, (iv) the Class A-4 Certificates, (v) the Class M-1 Certificates, (vi) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (viii) the Class M-4 Certificates, (ix) the Class M-5 Certificates, (x) the Class M-6 Certificates, (xi) the Class M-7 Certificates, (xii) the Class M-8 Certificates, (xiii) the Class M-9 Certificates, (xiv) the Class M-10 Certificates, (xv) the Class B-1 Certificates, (xvi) the Class B-2 Certificates, (xvii) the Class B-3 Certificates, (xviii) the Class C Certificates, (xix) the Class P Certificates, (xx) the Class R Certificates and (xxi) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Net WAC Rate Carryover Reserve Account, any Servicer Prepayment Charge Payment Amounts, the Cap Contract, the Swap Account, the Supplemental Interest Trust and the Interest Rate Swap Agreement, ) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable (2I Variable(2) $ 2,922,000.00 June 186,096,599.99 March 25, 2035 2036 I-1-B Variable(2) $ 10,939,343.75 March 25, 2036 I-4-B Variable(2) $ 11,505,936.25 March 25, 2036 I-5-B Variable(2) $ 11,618,112.50 March 25, 2036 I-6-B Variable(2) $ 11,809,545.00 March 25, 2036 I-8-B Variable(2) $ 12,276,161.25 March 25, 2036 I-9-A Variable(2) $ 42,006,962.50 March 25, 2036 I-9-B Variable(2) $ 42,006,962.50 March 25, 2036 I-10-A Variable(2) $ 100,564,707.50 March 25, 2036 I-10-B Variable(2) $ 100,564,707.50 March 25, 2036 I-11-A Variable(2) $ 19,827,321.25 March 25, 2036 I-11-B Variable(2) $ 19,827,321.25 March 25, 2036 I-12-B Variable(2) $ 2,450,530.00 March 25, 2036 I-13-B Variable(2) $ 2,338,713.75 March 25, 2036 I-14-B Variable(2) $ 2,232,358.75 March 25, 2036 I-15-B Variable(2) $ 2,131,183.75 March 25, 2036 I-16-B Variable(2) $ 2,034,917.50 March 25, 2036 I-17-B Variable(2) $ 1,943,306.25 March 25, 2036 I-18-A Variable(2) $ 1,856,112.50 March 25, 2036 I-18-B Variable(2) $ 1,856,112.50 March 25, 2036 I-19-B Variable(2) $ 1,773,107.50 March 25, 2036 I-20-B Variable(2) $ 2,896,131.25 March 25, 2036 I-21-A Variable(2) $ 6,745,461.25 March 25, 2036 I-21-B Variable(2) $ 6,745,461.25 March 25, 2036 I-22-B Variable(2) $ 1,739,076.25 March 25, 2036 I-23-B Variable(2) $ 1,221,613.75 March 25, 2036 I-24-B Variable(2) $ 1,033,476.25 March 25, 2036 I-25-B Variable(2) $ 994,543.75 March 25, 2036 I-26-A Variable(2) $ 957,122.50 March 25, 2036 I-26-B Variable(2) $ 957,122.50 March 25, 2036 I-27-A Variable(2) $ 921,148.75 March 25, 2036 I-27-B Variable(2) $ 921,148.75 March 25, 2036 I-28-B Variable(2) $ 886,565.00 March 25, 2036 I-29-A Variable(2) $ 853,316.25 March 25, 2036 I-29-B Variable(2) $ 853,316.25 March 25, 2036 I-30-A Variable(2) $ 821,346.25 March 25, 2036 I-30-B Variable(2) $ 821,346.25 March 25, 2036 I-31-B Variable(2) $ 790,606.25 March 25, 2036 I-32-A Variable(2) $ 761,043.75 March 25, 2036 I-32-B Variable(2) $ 761,043.75 March 25, 2036 I-33-A Variable(2) $ 732,615.00 March 25, 2036 I-33-B Variable(2) $ 732,615.00 March 25, 2036 I-34-B Variable(2) $ 705,273.75 March 25, 2036 I-35-A Variable(2) $ 678,976.25 March 25, 2036 I-35-B Variable(2) $ 678,976.25 March 25, 2036 I-36-A Variable(2) $ 653,681.25 March 25, 2036 I-36-B Variable(2) $ 653,681.25 March 25, 2036 I-37-B Variable(2) $ 629,350.00 March 25, 2036 I-38-A Variable(2) $ 605,941.25 March 25, 2036 I-38-B Variable(2) $ 605,941.25 March 25, 2036 I-39-A Variable(2) $ 15,833,661.25 March 25, 2036 I-39-B Variable(2) $ 15,833,661.25 March 25, 2036 P Variable(2) $ 100.00 March 25, 2036 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-2)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the RBSGC Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series 2007-B (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of 27 classes of certificates, designated as (as defined herein)i) the Class 1A1 Certificates, (ii) the Class 1A2 Certificates, (iii) the Class 1A3 Certificates, (iv) the Class 1A4 Certificates, (v) the Class 1A5 Certificates, (vi) the Class 1A6 Certificates, (vii) the Class 2A1 Certificates, (viii) the Class 3A1 Certificates, (ix) the Class 3A2 Certificates, (x) the Class 1X Certificates, (xi) the Class 1PO Certificates, (xii) the Class 1B1 Certificates, (xiii) the Class 1B2 Certificates, (xiv) the Class 1B3 Certificates, (xv) the Class 1B4 Certificates, (xvi) the Class 1B5 Certificates, (xvii) the Class 1B6 Certificates, (xviii) the Class 1B7 Certificates, (xix) the Class 3B1 Certificates, (xx) the Class 3B2 Certificates, (xxi) the Class 3B3 Certificates, (xxii) the Class 3B4 Certificates, (xxiii) the Class 3B5 Certificates, (xxiv) the Class 3B6 Certificates, (xxv) the Class P Certificates, (xxvi) the Class LT-R Certificates and (xxvii) the Class R Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) for For federal income tax purposes purposes, the Trust Fund (exclusive of the assets held in the Prefunding Account and such segregated pool of assets will be designated as “REMIC I.” The REMIC I Regular Interests will be the Capitalized Interest Account (the “regular interestsExcluded Trust Property”)) comprises three REMICs in a tiered REMIC structure: the “Lower-Tier REMIC,” in REMIC I the “Middle-Tier REMIC,” and the “Upper-Tier REMIC.” Each Certificate, other than the Class RR and Class LT-I Certificates will be R Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. The Class R Certificate represents the sole class of residual interest in the Upper-Tier REMIC and the Middle-Tier REMIC. The Class LT-R Certificate represents ownership of the sole class of residual interest in the Lower-Tier REMIC. The Lower-Tier REMIC will hold as its assets all of the assets constituting the Trust Fund (exclusive of the Excluded Trust Property) and will issue 21 uncertificated interests, which shall be the “Lower-Tier Regular Interests” and one certificated residual interest represented by the Class LT-R Certificate, which will represent the sole residual interest in the Lower-Tier REMIC. The Middle-Tier REMIC will hold as its assets all of the Lower-Tier Regular Interests and shall issue 24 uncertificated interests, 23 of which shall be the “Middle-Tier Regular Interests,” and one of which, the MT-R Interest, shall be the sole residual interest in the Middle-Tier REMIC. The Upper-Tier REMIC I for shall hold as assets the Middle-Tier Regular Interests and shall issue the Certificates, other than the Class LT-R Certificate. For purposes of the REMIC Provisions (as defined herein) under Provisions, the federal income tax lawstartup day for each REMIC created hereby is the Closing Date. A segregated pool of assets consisting of the All REMIC I Regular Interests regular and residual interests created hereby will be designated as “retired on or before the Latest Possible Maturity Date. Lower-Tier REMIC II,” The following table sets forth (or describes) the designation, interest rate, and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class Ainitial principal balance of each Lower-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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, Tier Regular Interest and the Class RLT-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. REMIC I The following table irrevocably sets forth the designation, the 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 the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________R Certificate:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RBSGC Mortgage Loan Trust 2007-B)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through pass‑through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust. The Certificates will consist of twenty-one classes of certificates, designated as (as defined herein)i) the Class I-A Certificates, (ii) the Class II-A1 Certificates, (iii) the Class II-A2 Certificates, (iv) the Class II-A3 Certificates, (v) the Class II‑A4 Certificates, (vi) the Class M‑1 Certificates, (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix) the Class M‑4 Certificates, (x) the Class M‑5 Certificates, (xi) the Class M‑6 Certificates, (xii) the Class M‑7 Certificates, (xiii) the Class M‑8 Certificates, (xiv) the Class M‑9 Certificates, (xv) the Class B-1 Certificates, (xvi) the Class B-2 Certificates, (xvii) the Class C Certificates, (xviii) the Class P Certificates, (xix) the Class R Certificates, (xx) the Class R‑CX Certificates and (xxi) the Class R‑PX Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, shall make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this AgreementAgreement (exclusive of the Reserve Fund, the Supplemental Interest Trust, the Final Maturity Reserve Trust and the Servicer Prepayment Charge Payment Amounts) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R‑1 Interest shall represent the sole class of “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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 1 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through 1 Pass‑Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii1.860G‑1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June Uncertificated REMIC 1 Pass‑Through Rate Assumed Final Maturity Date1 IX $101,138,317.07 Variable2 February 25, 2035 2047 I-1-A $1,976,497.61 Variable2 February 25, 2047 I-1-B $1,976,497.61 Variable2 February 25, 2047 I-2-A $2,342,938.63 Variable2 February 25, 2047 I-2-B $2,342,938.63 Variable2 February 25, 2047 I-3-A $2,695,427.71 Variable2 February 25, 2047 I-3-B $2,695,427.71 Variable2 February 25, 2047 I-4-A $3,021,261.47 Variable2 February 25, 2047 I-4-B $3,021,261.47 Variable2 February 25, 2047 I-5-A $1,274,974.07 Variable2 February 25, 2047 I-5-B $1,274,974.07 Variable2 February 25, 2047 I-6-A $1,646,173.30 Variable2 February 25, 2047 I-6-B $1,646,173.30 Variable2 February 25, 2047 I-7-A $2,138,264.99 Variable2 February 25, 2047 I-7-B $2,138,264.99 Variable2 February 25, 2047 I-8-A $2,594,708.68 Variable2 February 25, 2047 I-8-B $2,594,708.68 Variable2 February 25, 2047 I-9-A $3,152,746.30 Variable2 February 25, 2047 I-9-B $3,152,746.30 Variable2 February 25, 2047 I-10-A $3,781,774.57 Variable2 February 25, 2047 I-10-B $3,781,774.57 Variable2 February 25, 2047 I-11-A $4,512,532.01 Variable2 February 25, 2047 I-11-B $4,512,532.01 Variable2 February 25, 2047 I-12-A $4,832,087.73 Variable2 February 25, 2047 I-12-B $4,832,087.73 Variable2 February 25, 2047 I-13-A $4,608,484.07 Variable2 February 25, 2047 I-13-B $4,608,484.07 Variable2 February 25, 2047 I-14-A $4,304,157.41 Variable2 February 25, 2047 I-14-B $4,304,157.41 Variable2 February 25, 2047 I-15-A $4,039,023.82 Variable2 February 25, 2047 I-15-B $4,039,023.82 Variable2 February 25, 2047 I-16-A $3,810,029.91 Variable2 February 25, 2047 I-16-B $3,810,029.91 Variable2 February 25, 2047 I-17-A $3,623,627.81 Variable2 February 25, 2047 I-17-B $3,623,627.81 Variable2 February 25, 2047 I-18-A $3,449,757.66 Variable2 February 25, 2047 I-18-B $3,449,757.66 Variable2 February 25, 2047 I-19-A $3,737,594.65 Variable2 February 25, 2047 I-19-B $3,737,594.65 Variable2 February 25, 2047 I-20-A $4,763,180.83 Variable2 February 25, 2047 I-20-B $4,763,180.83 Variable2 February 25, 2047 I-21-A $3,282,772.80 Variable2 February 25, 2047 I-21-B $3,282,772.80 Variable2 February 25, 2047 I-22-B $31,333,137.22 Variable2 February 25, 2047 I-23-A $5,488,334.59 Variable2 February 25, 2047 I-23-B $5,488,334.59 Variable2 February 25, 2047 I-24-A $4,674,467.52 Variable2 February 25, 2047 I-24-B $4,674,467.52 Variable2 February 25, 2047 I-25-A $3,747,564.73 Variable2 February 25, 2047 I-25-B $3,747,564.73 Variable2 February 25, 2047 I-26-A $3,166,355.18 Variable2 February 25, 2047 I-26-B $3,166,355.18 Variable2 February 25, 2047 I-27-A $2,757,835.36 Variable2 February 25, 2047 I-27-B $2,757,835.36 Variable2 February 25, 2047 I-28-A $2,478,833.82 Variable2 February 25, 2047 I-28-B $2,478,833.82 Variable2 February 25, 2047 I-29-A $2,241,695.51 Variable2 February 25, 2047 I-29-B $2,241,695.51 Variable2 February 25, 2047 I-30-A $2,064,783.39 Variable2 February 25, 2047 I-30-B $2,064,783.39 Variable2 February 25, 2047 I-31-B $1,939,844.60 Variable2 February 25, 2047 I-32-B $1,991,370.40 Variable2 February 25, 2047 I-33-A $2,013,524.92 Variable2 February 25, 2047 I-33-B $2,013,524.92 Variable2 February 25, 2047 I-34-A $2,597,048.52 Variable2 February 25, 2047 I-34-B $2,597,048.52 Variable2 February 25, 2047 I-35-A $401,655.70 Variable2 February 25, 2047 I-35-B $401,655.70 Variable2 February 25, 2047 I-36-A $3,291,212.13 Variable2 February 25, 2047 I-36-B $3,291,212.13 Variable2 February 25, 2047 I-37-B $1,742,280.26 Variable2 February 25, 2047 I-38-A $1,605,057.01 Variable2 February 25, 2047 I-38-B $1,605,057.01 Variable2 February 25, 2047 I-39-A $1,499,167.94 Variable2 February 25, 2047 I-39-B $1,499,167.94 Variable2 February 25, 2047 I-40-A $1,397,876.39 Variable2 February 25, 2047 I-40-B $1,397,876.39 Variable2 February 25, 2047 I-41-A $1,331,702.81 Variable2 February 25, 2047 I-41-B $1,331,702.81 Variable2 February 25, 2047 I-42-A $1,217,669.01 Variable2 February 25, 2047 I-42-B $1,217,669.01 Variable2 February 25, 2047 I-43-A $1,159,369.35 Variable2 February 25, 2047 I-43-B $1,159,369.35 Variable2 February 25, 2047 I-44-A $1,042,510.81 Variable2 February 25, 2047 I-44-B $1,042,510.81 Variable2 February 25, 2047 I-45-A $1,009,992.58 Variable2 February 25, 2047 I-45-B $1,009,992.58 Variable2 February 25, 2047 I-47-B $931,494.69 Variable2 February 25, 2047 I-48-A $913,664.90 Variable2 February 25, 2047 I-48-B $913,664.90 Variable2 February 25, 2047 I-49-A $867,294.92 Variable2 February 25, 2047 I-49-B $867,294.92 Variable2 February 25, 2047 I-50-A $1,081,745.37 Variable2 February 25, 2047 I-50-B $1,081,745.37 Variable2 February 25, 2047 I-51-A $1,029,153.89 Variable2 February 25, 2047 I-51-B $1,029,153.89 Variable2 February 25, 2047 I-52-A $981,918.10 Variable2 February 25, 2047 I-52-B $981,918.10 Variable2 February 25, 2047 I-53-A $934,053.26 Variable2 February 25, 2047 I-53-B $934,053.26 Variable2 February 25, 2047 I-54-A $891,052.27 Variable2 February 25, 2047 I-54-B $891,052.27 Variable2 February 25, 2047 I-55-A $855,927.52 Variable2 February 25, 2047 I-55-B $855,927.52 Variable2 February 25, 2047 I-56-A $811,087.12 Variable2 February 25, 2047 I-56-B $811,087.12 Variable2 February 25, 2047 I-57-A $773,141.44 Variable2 February 25, 2047 I-57-B $773,141.44 Variable2 February 25, 2047 I-58-A $734,282.66 Variable2 February 25, 2047 I-58-B $734,282.66 Variable2 February 25, 2047 I-59-A $16,300,820.82 Variable2 February 25, 2047 I-59-B $16,300,820.82 Variable2 February 25, 2047 IIX $204,739,449.51 Variable2 February 25, 2047 II-1-A $4,001,120.89 Variable2 February 25, 2047 II-1-B $4,001,120.89 Variable2 February 25, 2047 II-2-A $4,742,925.37 Variable2 February 25, 2047 II-2-B $4,742,925.37 Variable2 February 25, 2047 II-3-A $5,456,486.29 Variable2 February 25, 2047 II-3-B $5,456,486.29 Variable2 February 25, 2047 II-4-A $6,116,087.53 Variable2 February 25, 2047 II-4-B $6,116,087.53 Variable2 February 25, 2047 II-5-A $2,580,992.43 Variable2 February 25, 2047 II-5-B $2,580,992.43 Variable2 February 25, 2047 II-6-A $3,332,429.20 Variable2 February 25, 2047 II-6-B $3,332,429.20 Variable2 February 25, 2047 II-7-A $4,328,594.51 Variable2 February 25, 2047 II-7-B $4,328,594.51 Variable2 February 25, 2047 II-8-A $5,252,595.82 Variable2 February 25, 2047 II-8-B $5,252,595.82 Variable2 February 25, 2047 II-9-A $6,382,258.70 Variable2 February 25, 2047 II-9-B $6,382,258.70 Variable2 February 25, 2047 II-10-A $7,655,631.43 Variable2 February 25, 2047 II-10-B $7,655,631.43 Variable2 February 25, 2047 II-11-A $9,134,939.49 Variable2 February 25, 2047 II-11-B $9,134,939.49 Variable2 February 25, 2047 II-12-A $9,781,831.77 Variable2 February 25, 2047 II-12-B $9,781,831.77 Variable2 February 25, 2047 II-13-A $9,329,179.93 Variable2 February 25, 2047 II-13-B $9,329,179.93 Variable2 February 25, 2047 II-14-A $8,713,116.59 Variable2 February 25, 2047 II-14-B $8,713,116.59 Variable2 February 25, 2047 II-15-A $8,176,393.68 Variable2 February 25, 2047 II-15-B $8,176,393.68 Variable2 February 25, 2047 II-16-A $7,712,830.09 Variable2 February 25, 2047 II-16-B $7,712,830.09 Variable2 February 25, 2047 II-17-A $7,335,487.19 Variable2 February 25, 2047 II-17-B $7,335,487.19 Variable2 February 25, 2047 II-18-A $6,983,513.34 Variable2 February 25, 2047 II-18-B $6,983,513.34 Variable2 February 25, 2047 II-19-A $7,566,195.85 Variable2 February 25, 2047 II-19-B $7,566,195.85 Variable2 February 25, 2047 II-20-A $9,642,340.17 Variable2 February 25, 2047 II-20-B $9,642,340.17 Variable2 February 25, 2047 II-21-A $6,645,477.70 Variable2 February 25, 2047 II-21-B $6,645,477.70 Variable2 February 25, 2047 II-22-A $63,429,203.78 Variable2 February 25, 2047 II-22-B $63,429,203.78 Variable2 February 25, 2047 II-23-A $11,110,304.41 Variable2 February 25, 2047 II-23-B $11,110,304.41 Variable2 February 25, 2047 II-24-A $9,462,753.48 Variable2 February 25, 2047 II-24-B $9,462,753.48 Variable2 February 25, 2047 II-25-A $7,586,378.77 Variable2 February 25, 2047 II-25-B $7,586,378.77 Variable2 February 25, 2047 II-26-A $6,409,807.82 Variable2 February 25, 2047 II-26-B $6,409,807.82 Variable2 February 25, 2047 II-27-A $5,582,821.14 Variable2 February 25, 2047 II-27-B $5,582,821.14 Variable2 February 25, 2047 II-28-A $5,018,024.68 Variable2 February 25, 2047 II-28-B $5,018,024.68 Variable2 February 25, 2047 II-29-A $4,537,973.99 Variable2 February 25, 2047 II-29-B $4,537,973.99 Variable2 February 25, 2047 II-30-A $4,179,842.11 Variable2 February 25, 2047 II-30-B $4,179,842.11 Variable2 February 25, 2047 II-31-A $3,926,922.40 Variable2 February 25, 2047 II-31-B $3,926,922.40 Variable2 February 25, 2047 II-32-A $4,031,228.60 Variable2 February 25, 2047 II-32-B $4,031,228.60 Variable2 February 25, 2047 II-33-A $4,076,077.08 Variable2 February 25, 2047 II-33-B $4,076,077.08 Variable2 February 25, 2047 II-34-A $5,257,332.48 Variable2 February 25, 2047 II-34-B $5,257,332.48 Variable2 February 25, 2047 II-35-A $813,091.30 Variable2 February 25, 2047 II-35-B $813,091.30 Variable2 February 25, 2047 II-36-A $6,662,561.87 Variable2 February 25, 2047 II-36-B $6,662,561.87 Variable2 February 25, 2047 II-37-A $3,526,983.24 Variable2 February 25, 2047 II-37-B $3,526,983.24 Variable2 February 25, 2047 II-38-A $3,249,195.49 Variable2 February 25, 2047 II-38-B $3,249,195.49 Variable2 February 25, 2047 II-39-A $3,034,839.06 Variable2 February 25, 2047 II-39-B $3,034,839.06 Variable2 February 25, 2047 II-40-A $2,829,789.61 Variable2 February 25, 2047 II-40-B $2,829,789.61 Variable2 February 25, 2047 II-41-A $2,695,831.19 Variable2 February 25, 2047 II-41-B $2,695,831.19 Variable2 February 25, 2047 II-42-A $2,464,986.99 Variable2 February 25, 2047 II-42-B $2,464,986.99 Variable2 February 25, 2047 II-43-A $2,346,968.15 Variable2 February 25, 2047 II-43-B $2,346,968.15 Variable2 February 25, 2047 II-44-A $2,110,405.69 Variable2 February 25, 2047 II-44-B $2,110,405.69 Variable2 February 25, 2047 II-45-A $2,044,577.42 Variable2 February 25, 2047 II-45-B $2,044,577.42 Variable2 February 25, 2047 II-46-A $1,968,996.39 Variable2 February 25, 2047 II-46-B $1,968,996.39 Variable2 February 25, 2047 II-47-A $1,885,670.31 Variable2 February 25, 2047 II-47-B $1,885,670.31 Variable2 February 25, 2047 II-48-A $1,849,576.60 Variable2 February 25, 2047 II-48-B $1,849,576.60 Variable2 February 25, 2047 II-49-A $1,755,707.58 Variable2 February 25, 2047 II-49-B $1,755,707.58 Variable2 February 25, 2047 II-50-A $2,189,830.13 Variable2 February 25, 2047 II-50-B $2,189,830.13 Variable2 February 25, 2047 II-51-A $2,083,366.61 Variable2 February 25, 2047 II-51-B $2,083,366.61 Variable2 February 25, 2047 II-52-A $1,987,744.90 Variable2 February 25, 2047 II-52-B $1,987,744.90 Variable2 February 25, 2047 II-53-A $1,890,849.74 Variable2 February 25, 2047 II-53-B $1,890,849.74 Variable2 February 25, 2047 II-54-A $1,803,800.73 Variable2 February 25, 2047 II-54-B $1,803,800.73 Variable2 February 25, 2047 II-55-A $1,732,695.98 Variable2 February 25, 2047 II-55-B $1,732,695.98 Variable2 February 25, 2047 II-56-A $1,641,923.38 Variable2 February 25, 2047 II-56-B $1,641,923.38 Variable2 February 25, 2047 II-57-A $1,565,108.06 Variable2 February 25, 2047 II-57-B $1,565,108.06 Variable2 February 25, 2047 II-58-A $1,486,444.34 Variable2 February 25, 2047 II-58-B $1,486,444.34 Variable2 February 25, 2047 II-59-A $32,998,549.68 Variable2 February 25, 2047 II-59-B $32,998,549.68 Variable2 February 25, 2047 P 100.00 Variable2 February 25, 2047 _________________________ 1 Solely for purposes of Section 1.860G‑1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC 1 Regular Interest. 2 Calculated in accordance with the definition of “Uncertificated REMIC 1 Pass‑Through Rate” herein.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Asset-Backed Certificates, WaMu Series 2007-He1)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series 2006-11 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund. The Certificates will consist of twelve classes of certificates, designated as (as defined herein)i) the Class A-1A Certificates, (ii) the Class A-1B Certificates, (iii) the Class B-1 Certificates, (iv) the Class B-2 Certificates, (v) the Class B-3 Certificates, (vi) the Class B-4 Certificates, (vii) the Class B-5 Certificates, (viii) the Class B-6 Certificates, (ix) the Class B-7 Certificates, (x) the Class C Certificates, (xi) the Class P Certificates and (xii) the Class R Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall be made that the Trust Fund (exclusive of (i) the Basis Risk Reserve Fund, (ii) the Swap Agreement, (iii) the Basis Risk Cap Agreement, (iv) the Basis Risk Cap Replacement Receipts Account, (v) the Basis Risk Cap Termination Receipts Account, (vi) the Swap Account, (vii) the Swap Replacement Receipts Account, (viii) the Swap Termination Receipts Account, (ix) the Supplemental Interest Trust, (x) the obligation to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein)pay Net Swap Payments, and subject (xi) the right to this Agreement, as a real estate mortgage investment conduit receive and the obligation to pay Basis Risk Shortfalls and Unpaid Interest Shortfall Amounts (a the “REMICExcluded Trust Property”)) be treated for federal income tax purposes and such segregated pool of assets will be designated as “comprising three REMICs in a tiered REMIC I.” The REMIC I Regular Interests will be structure : the “regular interestsLower-Tier REMIC,” in REMIC I the “Middle-Tier REMIC,” and the “Upper-Tier REMIC.” Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such elections. Each Certificate, other than the Class RR Certificates, shall represent ownership of a regular interest in the Upper-I Tier REMIC, as described herein. The LIBOR Certificates will be also represent the right to receive payments in respect of Basis Risk Shortfalls from (i) the Basis Risk Reserve Fund as provided in Section 5.07, (ii) the Basis Risk Cap Account as provided in Section 5.09 and (iii) from the Swap Account as provided in Section 5.10. The owners of the Class C Certificates beneficially own the Basis Risk Reserve Fund, the Basis Risk Cap Account, the Supplemental Interest Trust and the Swap Account. The Class R Certificate represents the sole class of residual interest in each of the Upper-Tier REMIC, Middle-Tier REMIC, and the Lower-Tier REMIC. The Lower-Tier REMIC shall hold as its assets all of the assets constituting the Trust Fund (exclusive of the Excluded Trust Property) and will issue interests (the “Lower-Tier Regular Interests”), which will be uncertificated and will represent the regular interests in the Lower-Tier REMIC, and a residual interests” interest (the “LT-R Interest”), which will also be uncertificated and which will represent the sole class of residual interest in the Lower-Tier REMIC. The Middle-Tier REMIC I for shall hold as its assets the uncertificated Lower Tier Regular Interests in the Lower-Tier REMIC and will issue interests (the “Middle-Tier Regular Interests”), which will be uncertificated and will represent the regular interests in the Middle-Tier REMIC, and a residual interest (the “MT-R Interest”) which will also be uncertificated and which will represent the sole class of residual interest in the Lower-Tier REMIC. The Upper-Tier REMIC shall hold as its assets the uncertificated Middle-Tier Regular Interests in the Middle-Tier REMIC. For purposes of the REMIC Provisions (as defined herein) under Provisions, the federal income tax lawstartup day for each REMIC created hereby is the Closing Date. A segregated pool of assets consisting of the All REMIC I Regular Interests regular and residual interests created hereby will be designated as “retired on or before the Latest Possible Maturity Date. Lower-Tier REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth (or describes) the designation, interest rate, and initial principal balance for each of the interests in the Lower-Tier REMIC: Lower-Tier REMIC I Pass-Through Rate, the initial Uncertificated Class Designation Initial Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1LT-A $ 40,875,707.16 (1) M-3 Variable LT-F1 $ 4,424,606.25 (2) LT-V1 $ 2,922,000.00 June 25, 2035 4,424,606.25 (3) LT-F2 $ 4,793,871.25 (2) LT-V2 $ 4,793,871.25 (3) LT-F3 $ 5,137,295.00 (2) LT-V3 $ 5,137,295.00 (3) LT-F4 $ 5,783,471.25 (2) LT-V4 $ 5,783,471.25 (3) LT-F5 $ 5,156,305.00 (2) LT-V5 $ 5,156,305.00 (3) LT-F6 $ 4,997,538.75 (2) LT-V6 $ 4,997,538.75 (3) LT-F7 $ 4,843,661.25 (2) LT-V7 $ 4,843,661.25 (3) LT-F8 $ 4,694,518.75 (2) LT-V8 $ 4,694,518.75 (3) LT-F9 $ 4,549,967.50 (2) LT-V9 $ 4,549,967.50 (3) LT-F10 $ 4,409,867.50 (2) LT-V10 $ 4,409,867.50 (3) LT-F11 $ 4,274,077.50 (2) LT-V11 $ 4,274,077.50 (3) LT-F12 $ 4,142,468.75 (2) LT-V12 $ 4,142,468.75 (3) LT-F13 $ 4,014,912.50 (2) LT-V13 $ 4,014,912.50 (3) LT-F14 $ 3,891,281.25 (2) LT-V14 $ 3,891,281.25 (3) LT-F15 $ 3,771,456.25 (2) LT-V15 $ 3,771,456.25 (3) LT-F16 $ 3,655,320.00 (2) LT-V16 $ 3,655,320.00 (3) LT-F17 $ 3,542,760.00 (2) LT-V17 $ 3,542,760.00 (3) LT-F18 $ 3,433,662.50 (2) LT-V18 $ 3,433,662.50 (3) LT-F19 $ 3,327,926.25 (2) LT-V19 $ 3,327,926.25 (3) LT-F20 $ 3,225,443.75 (2) LT-V20 $ 3,225,443.75 (3) LT-F21 $ 3,126,116.25 (2) LT-V21 $ 3,126,116.25 (3) LT-F22 $ 3,029,846.25 (2) LT-V22 $ 3,029,846.25 (3) Lower-Tier REMIC Class Designation Initial Principal Balance Interest Rate LT-F23 $ 2,936,541.25 (2) LT-V23 $ 2,936,541.25 (3) LT-F24 $ 2,846,107.50 (2) LT-V24 $ 2,846,107.50 (3) LT-F25 $ 2,758,457.50 (2) LT-V25 $ 2,758,457.50 (3) LT-F26 $ 2,673,507.50 (2) LT-V26 $ 2,673,507.50 (3) LT-F27 $ 2,591,172.50 (2) LT-V27 $ 2,591,172.50 (3) LT-F28 $ 2,511,371.25 (2) LT-V28 $ 2,511,371.25 (3) LT-F29 $ 2,434,027.50 (2) LT-V29 $ 2,434,027.50 (3) LT-F30 $ 2,359,065.00 (2) LT-V30 $ 2,359,065.00 (3) LT-F31 $ 2,286,410.00 (2) LT-V31 $ 2,286,410.00 (3) LT-F32 $ 2,215,992.50 (2) LT-V32 $ 2,215,992.50 (3) LT-F33 $ 2,147,742.50 (2) LT-V33 $ 2,147,742.50 (3) LT-F34 $ 2,081,595.00 (2) LT-V34 $ 2,081,595.00 (3) LT-F35 $ 2,017,482.50 (2) LT-V35 $ 2,017,482.50 (3) LT-F36 $ 1,955,343.75 (2) LT-V36 $ 1,955,343.75 (3) LT-F37 $ 1,895,120.00 (2) LT-V37 $ 1,895,120.00 (3) LT-F38 $ 1,836,750.00 (2) LT-V38 $ 1,836,750.00 (3) LT-F39 $ 1,780,176.25 (2) LT-V39 $ 1,780,176.25 (3) LT-F40 $ 1,725,345.00 (2) LT-V40 $ 1,725,345.00 (3) LT-F41 $ 1,672,202.50 (2) LT-V41 $ 1,672,202.50 (3) LT-F42 $ 1,620,695.00 (2) LT-V42 $ 1,620,695.00 (3) LT-F43 $ 1,570,775.00 (2) LT-V43 $ 1,570,775.00 (3) LT-F44 $ 1,522,390.00 (2) LT-V44 $ 1,522,390.00 (3) LT-F45 $ 1,475,497.50 (2) Lower-Tier REMIC Class Designation Initial Principal Balance Interest Rate LT-V45 $ 1,475,497.50 (3) LT-F46 $ 1,430,047.50 (2) LT-V46 $ 1,430,047.50 (3) LT-F47 $ 1,385,996.25 (2) LT-V47 $ 1,385,996.25 (3) LT-F48 $ 1,343,302.50 (2) LT-V48 $ 1,343,302.50 (3) LT-F49 $ 1,453,556.25 (2) LT-V49 $ 1,453,556.25 (3) LT-F50 $ 1,632,238.75 (2) LT-V50 $ 1,632,238.75 (3) LT-F51 $ 7,844,956.25 (2) LT-V51 $ 7,844,956.25 (3) LT-F52 $ 12,180,742.50 (2) LT-V52 $ 12,180,742.50 (3) LT-F53 $ 589,963.75 (2) LT-V53 $ 589,963.75 (3) LT-F54 $ 571,782.50 (2) LT-V54 $ 571,782.50 (3) LT-F55 $ 554,161.25 (2) LT-V55 $ 554,161.25 (3) LT-F56 $ 537,083.75 (2) LT-V56 $ 537,083.75 (3) LT-F57 $ 520,530.00 (2) LT-V57 $ 520,530.00 (3) LT-F58 $ 504,487.50 (2) LT-V58 $ 504,487.50 (3) LT-F59 $ 488,940.00 (2) LT-V59 $ 488,940.00 (3) LT-F60 $ 473,871.25 (2) LT-V60 $ 473,871.25 (3) LT-F61 $ 459,265.00 (2) LT-V61 $ 459,265.00 (3) LT-F62 $ 445,110.00 (2) LT-V62 $ 445,110.00 (3) LT-F63 $ 431,391.25 (2) LT-V63 $ 431,391.25 (3) LT-F64 $ 418,095.00 (2) LT-V64 $ 418,095.00 (3) LT-F65 $ 405,208.75 (2) LT-V65 $ 405,208.75 (3) LT-F66 $ 392,717.50 (2) LT-V66 $ 392,717.50 (3) LT-F67 $ 380,613.75 (2) LT-V67 $ 380,613.75 (3) Lower-Tier REMIC Class Designation Initial Principal Balance Interest Rate LT-F68 $ 368,881.25 (2) LT-V68 $ 368,881.25 (3) LT-F69 $ 357,511.25 (2) LT-V69 $ 357,511.25 (3) LT-F70 $ 346,491.25 (2) LT-V70 $ 346,491.25 (3) LT-F71 $ 335,810.00 (2) LT-V71 $ 335,810.00 (3) LT-F72 $ 399,658.75 (2) LT-V72 $ 399,658.75 (3) LT-F73 $ 345,087.50 (2) LT-V73 $ 345,087.50 (3) LT-F74 $ 364,772.50 (2) LT-V74 $ 364,772.50 (3) LT-F75 $ 1,738,266.25 (2) LT-V75 $ 1,738,266.25 (3) LT-F76 $ 7,703,782.50 (2) LT-V76 $ 7,703,782.50 (3) LT-R (4) (4) ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HarborView 2006-11)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2003-3 Mortgage Loan Pass-Through Certificates, Series 2003-3 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twelve classes of certificates, designated as (as defined herein)i) the Class 1A-1 Certificates, (ii) the Class A-X Certificates, (iii) the Class 2A-1 Certificates, (iv) the Class 2A-2 Certificates, (v) the Class 2A-3 Certificates, (vi) the Class A-R Certificate, (vii) the Class B-1 Certificates, (viii) the Class B-2 Certificates, (ix) the Class B-3 Certificates, (x) the Class B-4 Certificates, (xi) the Class B-5 Certificates and (xii) the Class B-6 Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”Basis Risk Reserve Fund) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interests” in REMIC I and the Class RLower-I Certificates will be the sole class of “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,Tier REMIC” and the Trustee will make“Upper-Tier REMIC”). Each Certificate, in accordance with Section 9.12, 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, Uncertificated other than the Class A-IO-1 Component R Certificate, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, the Class 1A-1, Class 2A-1, Class 2A-2 and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder 2A-3 Certificates represent the right to receive payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07. The owners of the Class A-IO Certificates), X Certificates beneficially own the Basis Risk Reserve Fund. The 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 RA-II Certificates will be R Certificate represents the sole class of “residual interests” therein for purposes interest in each REMIC. The Lower-Tier REMIC shall hold as assets all property of the Trust Fund other than the assets held in the Basis Risk Reserve Fund, and the interests in any REMIC Provisions (formed hereby. The Upper Tier REMIC shall hold as defined herein) under federal income tax lawassets the uncertificated Lower-Tier REMIC Interests, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC I regular interest. Lower-Tier REMIC Interests The following table irrevocably sets forth specifies the Class designation, the interest rate, and initial Class Principal Amount for each Class of Lower-Tier REMIC I Pass-Through Rate, the initial Uncertificated Interest: Class Designation Interest Rate Initial Principal Balance and, for purposes Corresponding Class of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Certificates LT1A-1 (1) M-3 Variable $ 12,487,500.00 Class 1A-1 LT2A-1 (1) $ 67,278,000.00 Class 2A-1 LT2A-2 (1) $ 15,050,000.00 Class 2A-2 LT2A-3 (1) $ 450,000.00 Class 2-A-3 LTA-R (1) $ 25.00 Class A-R LT-Group 1 (2) $ 2,922,000.00 June 25, 2035 13,118,580.37 N/A LT-SC-1 (2) $ 26,293.97 N/A LT-Group 2 (3) $ 86,960,578.04 N/A LT-SC-2 (3) $ 174,274.09 N/A LTQ (1) $ 200,559,452.94 N/A LT-R (4) (4) Class A-R __________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc Harborview Mort Ln Tr 03 3)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of nineteen classes of certificates, designated as (as defined herein)i) the Class I-A-1 Certificates, (ii) the Class II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) the Class II-A-3 Certificates, (v) the Class II-A-4 Certificates, (vi) the Class M-1 Certificates, (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class M-10 Certificates, (xvi) the Class C Certificates, (xvii) the Class P Certificates, (xviii) the Class R Certificates and (xix) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC Group I (as defined herein)Mortgage Loans, the Group II Mortgage Loans and certain other related assets subject to this Agreement (but exclusive of the Net WAC Rate Carryover Reserve Account, the Master Servicer Prepayment Charge Payment Amounts, the Swap Account and the Interest Rate Swap 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.1.” The REMIC I Regular Interests Class R-1 Interest will be the “regular interests” in REMIC I and the Class R-I Certificates will be represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Rate(2) Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 I-1-A Variable (2) $ 2,922,000.00 750,000,000.00 June 25, 2035 ___________________2036 I-1-B Variable $ 750,000,000.00 June 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust Series 2006-2)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-one classes of certificates, designated as (as defined herein)i) the Class I-APT, Class I-A1A, Class I-A1B, Class I-A1C1, Class I-A1C2, Class II-APT, Class II-A1 and Class II-A2 Certificates, (ii) the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates, (iii) the Class C Certificates, (iv) the Class P Certificates and (v) the Class R Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in consisting of the definition Trust Fund (exclusive of REMIC I (as defined herein)the Basis Risk Shortfall Reserve Fund and for the avoidance of doubt, the Supplemental Interest Trust, the Yield Maintenance Agreement and subject to this the Swap Agreement, ) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will be designated as “REMIC I.” 1”. The REMIC I Regular Interests Class R-1 Interest will be the “regular interests” in REMIC I and the Class R-I Certificates will be represent the sole class of “residual interests” in REMIC I 1 for purposes of the REMIC Provisions (as defined herein) under the federal income tax lawProvisions. A segregated pool of assets consisting of the REMIC I Regular Interests will be designated as “REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I 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 Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Certificate Principal Balance Latest Possible Maturity(1Assumed Final Maturity Date(1) M-3 Variable I (2) $ 2,922,000.00 June 5,568,372.55 April 25, 2035 ___________________2036 I-1-A (2) $ 4,962,215.12 April 25, 2036 I-1-B (2) $ 4,962,215.12 April 25, 2036 I-2-B (2) $ 6,020,180.07 April 25, 2036 I-3-B (2) $ 7,068,202.11 April 25, 2036 I-4-A (2) $ 8,097,438.32 April 25, 2036 I-4-B (2) $ 8,097,438.32 April 25, 2036 I-5-A (2) $ 9,098,776.97 April 25, 2036 I-5-B (2) $ 9,098,776.97 April 25, 2036 I-6-A (2) $ 10,062,942.88 April 25, 2036 I-6-B (2) $ 10,062,942.88 April 25, 2036 I-7-A (2) $ 10,980,614.69 April 25, 2036 I-7-B (2) $ 10,980,614.69 April 25, 2036 I-8-A (2) $ 11,840,392.57 April 25, 2036 I-8-B (2) $ 11,840,392.57 April 25, 2036 I-9-A (2) $ 12,578,345.90 April 25, 2036 I-9-B (2) $ 12,578,345.90 April 25, 2036 I-10-A (2) $ 12,559,583.04 April 25, 2036 I-10-B (2) $ 12,559,583.04 April 25, 2036 I-11-A (2) $ 12,016,785.27 April 25, 2036 I-11-B (2) $ 12,016,785.27 April 25, 2036 I-12-A (2) $ 11,498,594.12 April 25, 2036 I-12-B (2) $ 11,498,594.12 April 25, 2036 I-13-A (2) $ 11,003,859.79 April 25, 2036 I-13-B (2) $ 11,003,859.79 April 25, 2036 I-14-A (2) $ 10,531,487.24 April 25, 2036 I-14-B (2) $ 10,531,487.24 April 25, 2036 I-15-A (2) $ 10,080,433.38 April 25, 2036 I-15-B (2) $ 10,080,433.38 April 25, 2036 I-16-A (2) $ 9,649,704.80 April 25, 2036 I-16-B (2) $ 9,649,704.80 April 25, 2036 I-17-B (2) $ 9,238,355.19 April 25, 2036 I-18-A (2) $ 8,845,483.22 April 25, 2036 I-18-B (2) $ 8,845,483.22 April 25, 2036 I-19-A (2) $ 8,470,230.27 April 25, 2036 I-19-B (2) $ 8,470,230.27 April 25, 2036 I-20-A (2) $ 8,111,778.51 April 25, 2036 I-20-B (2) $ 8,111,778.51 April 25, 2036 I-21-A (2) $ 7,769,276.09 April 25, 2036 I-21-B (2) $ 7,769,276.09 April 25, 2036 I-22-B (2) $ 7,439,619.58 April 25, 2036 I-23-A (2) $ 7,127,286.24 April 25, 2036 I-23-B (2) $ 7,127,286.24 April 25, 2036 I-24-A (2) $ 33,024,835.99 April 25, 2036 I-24-B (2) $ 33,024,835.99 April 25, 2036 I-25-A (2) $ 5,267,523.34 April 25, 2036 I-25-B (2) $ 5,267,523.34 April 25, 2036 I-26-A (2) $ 5,057,082.14 April 25, 2036 I-26-B (2) $ 5,057,082.14 April 25, 2036 I-27-A (2) $ 4,855,665.26 April 25, 2036 I-27-B (2) $ 4,855,665.26 April 25, 2036 I-28-A (2) $ 4,662,865.65 April 25, 2036 I-28-B (2) $ 4,662,865.65 April 25, 2036 I-29-A (2) $ 4,478,295.26 April 25, 2036 I-29-B (2) $ 4,478,295.26 April 25, 2036 I-30-A (2) $ 4,301,584.10 April 25, 2036 I-30-B (2) $ 4,301,584.10 April 25, 2036 I-31-B (2) $ 4,132,379.37 April 25, 2036 I-32-A (2) $ 3,970,338.99 April 25, 2036 I-32-B (2) $ 3,970,338.99 April 25, 2036 I-33-A (2) $ 3,815,154.05 April 25, 2036 I-33-B (2) $ 3,815,154.05 April 25, 2036 I-34-A (2) $ 3,666,433.93 April 25, 2036 I-34-B (2) $ 3,666,433.93 April 25, 2036 I-35-A (2) $ 3,523,999.22 April 25, 2036 I-35-B (2) $ 3,523,999.22 April 25, 2036 I-36-A (2) $ 6,569,745.64 April 25, 2036 I-36-B (2) $ 6,569,745.64 April 25, 2036 I-37-A (2) $ 3,102,027.62 April 25, 2036 I-37-B (2) $ 3,102,027.62 April 25, 2036 I-38-A (2) $ 2,984,318.66 April 25, 2036 I-38-B (2) $ 2,984,318.66 April 25, 2036 I-39-A (2) $ 2,871,455.53 April 25, 2036 I-39-B (2) $ 2,871,455.53 April 25, 2036 I-40-A (2) $ 2,763,225.70 April 25, 2036 I-40-B (2) $ 2,763,225.70 April 25, 2036 I-41-A (2) $ 2,659,426.43 April 25, 2036 I-41-B (2) $ 2,659,426.43 April 25, 2036 I-42-A (2) $ 2,559,864.19 April 25, 2036 I-42-B (2) $ 2,559,864.19 April 25, 2036 I-43-A (2) $ 2,464,354.34 April 25, 2036 I-43-B (2) $ 2,464,354.34 April 25, 2036 I-44-A (2) $ 2,372,720.63 April 25, 2036 I-44-B (2) $ 2,372,720.63 April 25, 2036 I-45-A (2) $ 2,284,794.83 April 25, 2036 I-45-B (2) $ 2,284,794.83 April 25, 2036 I-46-B (2) $ 2,200,416.35 April 25, 2036 I-47-A (2) $ 2,119,431.92 April 25, 2036 I-47-B (2) $ 2,119,431.92 April 25, 2036 I-48-A (2) $ 2,041,695.19 April 25, 2036 I-48-B (2) $ 2,041,695.19 April 25, 2036 I-49-A (2) $ 1,967,066.47 April 25, 2036 I-49-B (2) $ 1,967,066.47 April 25, 2036 I-50-A (2) $ 1,895,412.35 April 25, 2036 I-50-B (2) $ 1,895,412.35 April 25, 2036 I-51-A (2) $ 1,826,605.45 April 25, 2036 I-51-B (2) $ 1,826,605.45 April 25, 2036 I-52-A (2) $ 1,760,524.14 April 25, 2036 I-52-B (2) $ 1,760,524.14 April 25, 2036 I-53-A (2) $ 1,697,052.26 April 25, 2036 I-53-B (2) $ 1,697,052.26 April 25, 2036 I-54-A (2) $ 1,636,078.85 April 25, 2036 I-54-B (2) $ 1,636,078.85 April 25, 2036 I-55-A (2) $ 1,577,497.98 April 25, 2036 I-55-B (2) $ 1,577,497.98 April 25, 2036 I-56-A (2) $ 1,521,208.38 April 25, 2036 I-56-B (2) $ 1,521,208.38 April 25, 2036 I-57-A (2) $ 1,467,139.55 April 25, 2036 I-57-B (2) $ 1,467,139.55 April 25, 2036 I-58-A (2) $ 1,415,178.23 April 25, 2036 I-58-B (2) $ 1,415,178.23 April 25, 2036 I-59-A (2) $ 1,365,210.94 April 25, 2036 I-59-B (2) $ 1,365,210.94 April 25, 2036 I-60-A (2) $ 11,292,474.54 April 25, 2036 I-60-B (2) $ 11,292,474.54 April 25, 2036 I-61-A (2) $ 785,203.65 April 25, 2036 I-61-B (2) $ 785,203.65 April 25, 2036 I-62-A (2) $ 764,417.47 April 25, 2036 I-62-B (2) $ 764,417.47 April 25, 2036 I-63-A (2) $ 744,179.02 April 25, 2036 I-63-B (2) $ 744,179.02 April 25, 2036 I-64-A (2) $ 724,473.93 April 25, 2036 I-64-B (2) $ 724,473.93 April 25, 2036 I-65-A (2) $ 705,288.18 April 25, 2036 I-65-B (2) $ 705,288.18 April 25, 2036 I-66-A (2) $ 686,608.12 April 25, 2036 I-66-B (2) $ 686,608.12 April 25, 2036 I-67-A (2) $ 668,420.52 April 25, 2036 I-67-B (2) $ 668,420.52 April 25, 2036 I-68-A (2) $ 650,712.39 April 25, 2036 I-68-B (2) $ 650,712.39 April 25, 2036 I-69-A (2) $ 633,471.16 April 25, 2036 I-69-B (2) $ 633,471.16 April 25, 2036 I-70-A (2) $ 616,684.58 April 25, 2036 I-70-B (2) $ 616,684.58 April 25, 2036 I-71-A (2) $ 600,340.67 April 25, 2036 I-71-B (2) $ 600,340.67 April 25, 2036 I-72-A (2) $ 21,905,664.84 April 25, 2036 I-72-B (2) $ 21,905,664.84 April 25, 2036 II (2) $ 145,226,751.56 April 25, 2036 P (2) $ 100.00 April 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Opteum Mortgage Acceptance CORP Trust 2006-1)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series 2006-9 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund. The Certificates will consist of sixteen classes of certificates, designated as (as defined herein)i) the Class 1A-1A Certificates, (ii) the Class 2A-1A Certificates, (iii) the Class 2A-1B1 Certificates, (iv) the Class 2A-1B2 Certificates, (v) the Class 2A-1C1 Certificates, (vi) the Class 2A-1C2 Certificates, (vii) the Class B-1 Certificates, (viii) the Class B-2 Certificates, (ix) the Class B-3 Certificates, (x) the Class B-4 Certificates, (xi) the Class B-5 Certificates, (xii) the Class B-6 Certificates, (xiii) the Class B-7 Certificates, (xiv) the Class C Certificates, (xv) the Class P Certificates and (xvi) the Class R Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”) for For federal income tax purposes purposes, the Trust Fund (exclusive of the assets held in the Basis Risk Reserve Fund, the Yield Maintenance Trust, the Yield Maintenance Trust Account, the Yield Maintenance Account, the Yield Maintenance Agreement, the Class 2A-1C2 Yield Maintenance Account, the Class 2A-1C2 Yield Maintenance Agreement, the Final Maturity Reserve Trust and such segregated pool of assets will be designated as “REMIC I.” The REMIC I Regular Interests will be the Final Maturity Reserve Account (the “Excluded Trust Property”)) comprises two REMICs in a tiered REMIC structure: the “Lower-Tier REMIC” and the “Upper-Tier REMIC.” Each Certificate, other than the Class R Certificate, shall represent ownership of a regular interests” interest in REMIC I the Upper-Tier REMIC, as described herein. The LIBOR Certificates also represent the right to receive (i) payments in respect of the Final Maturity Reserve Account, (ii) payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07 and (iii) payments in respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided in Section 5.01(h). In addition, the Class 2A-1C2 Certificates also represent the right to receive payments in respect of Basis Risk Shortfalls from the Class 2A-1C2 Yield Maintenance Account as provided in Section 5.01(i). The owners of the Class C Certificates beneficially own the Basis Risk Reserve Fund, the Final Maturity Reserve Account, the Final Maturity Reserve Trust, the Yield Maintenance Trust, the Yield Maintenance Trust Account, the Yield Maintenance Account and the Class R-I Certificates will be 2A-1C2 Yield Maintenance Account. The Class R Certificate represents the sole class of residual interest in the Upper-Tier REMIC. The Lower-Tier REMIC will hold as its assets all of the assets constituting the Trust Fund (exclusive of the Excluded Trust Property) and will issue interests (the “Lower-Tier Regular Interests”) (which will be uncertificated and will represent the regular interests in the Lower-Tier REMIC) and a residual interests” interest (the “Class LT-R Interest”) which will also be uncertificated and which will represent the sole class of residual interest in REMIC I for the Lower-Tier REMIC. The Trustee will hold the Lower-Tier Regular Interests as assets of the Upper-Tier REMIC. For purposes of the REMIC Provisions (as defined herein) under Provisions, the federal income tax lawstartup day for each REMIC created hereby is the Closing Date. A segregated pool of assets consisting of the All REMIC I Regular Interests regular and residual interests created hereby will be designated as “retired on or before the Latest Possible Maturity Date. Lower-Tier REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth (or describes) the designation, interest rate, and initial principal balance of each Lower-Tier Interest in the Lower-Tier REMIC, each of which, other than the LT-R Lower-Tier Interest) is hereby designated as a regular interest in the Lower-Tier REMIC I Pass(the “Lower-Through Rate, the initial Uncertificated Tier Regular Interests): Designation Interest Rate Initial Principal Balance and, for purposes Corresponding Class of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable Certificate LT-1A-1A (21 ) $ 2,922,000.00 June 25, 2035 ___________________416,229,500.00 1A-1A LT-2A-1A (1 ) $ 533,452,500.00 0X-0X XX-0X-0X0 (1 ) $ 100,000,000.00 0X-0X0 XX-0X-0X0 (1 ) $ 122,271,500.00 2A-1B2 LT-2A-1C1 (1 ) $ 50,000,000.00 2A-1C1 LT-2A-1C2 (1 ) $ 83,363,500.00 2A-1C2 LT-B-1 (1 ) $ 34,578,000.00 X-0 XX-X-0 (1 ) $ 27,374,000.00 X-0 XX-X-0 (1 ) $ 8,644,500.00 X-0 XX-X-0 (1 ) $ 20,891,000.00 X-0 XX-X-0 (1 ) $ 15,848,000.00 X-0 XX-X-0 (1 ) $ 13,687,000.00 X-0 XX-X-0 (1 ) $ 7,202,500.00 B-7 LT-P $ 50.00 P LT-Q (1 ) $ 1,447,952,377.79 N/A LT-I (2 ) (2 ) N/A LT-R (3 ) (3 ) N/A
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Harborview 2006-9)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2004-11 Mortgage Loan Pass-Through Certificates, Series 2004-11 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-three classes of certificates, designated as (as defined herein)i) the Class 1-A Certificates, (ii) the Class 2-A1A Certificates, (iii) the Class 2-A1B Certificates, (iv) the Class 2-A2A Certificates, (v) the Class 2-A2B Certificates (vi) the Class 2-A3 Certificates, (vii) the Class 3-A1A Certificates, (viii) the Class 3-A1B Certificates, (ix) the Class 3-A2A Certificates, (x) the Class 3-A2B Certificates, (xi) the Class 3-A3 Certificates, (xii) the Class 3-A4 Certificates, (xii) the Class X-1 Certificates, (xiii) the Class X-2 Certificates, (xiv) the Class X-3 Certificates, (xv) the Class X-B Certificates, (xvi) the Class A-R Certificates, (xvii) the Class B-1 Certificates, (xviii) the Class B-2 Certificates, (xix) the Class B-3 Certificates, (xx) the Class B-4 Certificates, (xxi) the Class B-5 Certificates, (xxii) the Class B-6 Certificates and (xxiii) the Class Y Certificate. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein), Basis Risk Reserve Fund and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”the Yield Maintenance Account and the Yield Maintenance Agreements) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interests” in REMIC I and the Class RLower-I Certificates will be the sole class of “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,Tier REMIC” and the Trustee will make“Upper-Tier REMIC”). Each Certificate, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of other than the Class A-IO Certificates)R Certificate, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, (i) the Class 1-A, Class M-12-A1A, Class M-22-A1B, Class M-32-A2A, Class 2-A2B, Class 2-A3, Class 3-A1A, Class 3-A1B, Class 3-A2A, Class 3-A2B, Class 3-A3, Class 3-A4, Class B-1, Class B-2 B-2, Class B-3, Class B-4, Class B-5 and Class B-3 B-6 Certificates will be “regular interests” represent the right to receive payments in REMIC IIrespect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07. The owners of the Class X-1, Class X-2, Class X-3 and Class X-B Certificates beneficially own the Basis Risk Reserve Fund and the Yield Maintenance Account. The Class RA-II Certificates will be R Certificate represents the sole class of “residual interests” therein for purposes interest in each REMIC. The Lower-Tier REMIC shall hold as assets all property of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth Trust Fund other than the designationassets held in the Basis Risk Reserve Fund, the REMIC I Pass-Through RateYield Maintenance Account, the initial Uncertificated Principal Balance andYield Maintenance Agreement, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), and the “latest possible maturity date” for interests in the Lower-Tier REMIC I Regular Interestsformed hereby. The Upper Tier REMIC I Regular Interests will not be certificatedshall hold as assets the uncertificated Lower-Tier REMIC Interests, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________regular interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-11)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2004-1 Mortgage Loan Pass-Through Certificates, Series 2004-1 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of thirteen classes of certificates, designated as (as defined herein)i) the Class 1-A Certificates, (ii) the Class 2-A Certificates, (iii) the Class 3-A Certificates, (iv) the Class 4-A Certificates, (v) the Class X Certificates, (vi) the Class A-R Certificates, (vii) the Class B-1 Certificate, (viii) the Class B-2 Certificates, (ix) the Class B-3 Certificates, (x) the Class B-4 Certificates, (xi) the Class B-5 Certificates, (xii) the Class B-6 Certificates and (xiii) the Class P Certificate. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein), and subject to this Agreement, as a real estate mortgage investment conduit (a “REMIC”Basis Risk Reserve Fund) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising three real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interests” in REMIC I Lower-Tier REMIC”, the “Middle-Tier REMIC”, and the “Upper-Tier REMIC”). Each Certificate, other than the Class P Certificate and the Class RA-I R Certificate, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, the Class 1-A Certificates will be represent the right to receive payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07. The owners of the Class X Certificates beneficially own the Basis Risk Reserve Fund. The Class P Certificate represents an interest in the Trust Fund but does not represent an interest in any REMIC created hereunder. The Class A-R Certificate represents the sole class of “residual interests” interest in each REMIC. The Lower-Tier REMIC I for purposes shall hold as assets all property of the REMIC Provisions (as defined herein) under Trust Fund other than the federal income tax law. A segregated pool of assets consisting of held in the REMIC I Regular Interests will be designated as “REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 IIBasis Risk Reserve Fund, and the Class Rinterests in any REMIC formed hereby. The Middle-II Certificates will be Tier REMIC shall hold as assets the sole class several classes of “residual interests” therein for purposes uncertificated interests of the Lower-Tier REMIC, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC Provisions (regular interest. The Upper Tier REMIC shall hold as defined herein) under federal income tax lawassets the uncertificated Middle-Tier REMIC Interests, other than the Class MT-R Interest. Each such Middle-Tier Interest is hereby designated as a REMIC I regular interest. Lower-Tier REMIC Interests The following table irrevocably sets forth specifies the Class designation, the interest rate, and initial Class Principal Amount for each Class of Lower-Tier REMIC I PassInterest: Initial Class Lower Tier REMIC Principal Class Designation Interest Rate Balance Related Loan Group Class LT-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 the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Group 1 (1) M-3 Variable $ 209,397,681.47 Group 1 Class LT-SC1 (1) $ 107,895.77 Group 1 Class LT-Group 2 (2) $ 2,922,000.00 June 25, 2035 166,706,331.39 Group 2 Class LT-SC2 (2) $ 85,902.34 Group 2 Class LT-Group 3 (3) $ 123,125,654.66 Group 3 Class LT-SC3 (3) $ 63,451.06 Group 3 Class LT-Group 4 (4) $ 102,725,423.35 Group 4 Class LT-SC4 (4) $ 52,933.57 Group 4 Class LT-R (5) (5) N/A ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Greenwich Capital Accep Mort Loan Pass-THR Certs Ser 2004-1)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage passMortgage Pass-through certificates Through Certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided herein, the Trustee REMIC Administrator will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans but excluding the Reserve Fund and the Initial Monthly Payment Fund), as a real estate mortgage investment conduit (a “"REMIC”") for federal income tax purposes and such segregated pool of assets will be designated as “the "REMIC I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 REMIC Administrator will make, in accordance with Section 9.12, make a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0A-1 Certificates, Class A-3A-2 Certificates, Class A-4A-3 Certificates, Class A-5A-3A Certificates, Class A-6A-4 Certificates, Class A-7A-5 Certificates, Class A-8A-6 Certificates, Class A-9A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-15 Certificates, Class A-16 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates V REMIC Regular Interests will be “"regular interests” " in REMIC II, II and the Class R-II Certificates will be the sole class of “"residual interests” " therein for purposes of the REMIC Provisions (Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The terms and provisions of the 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. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein) under federal income tax lawherein shall have the meanings set forth in the Standard Terms. REMIC I The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Pass- Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the Uncertificated REMIC I Regular Interests. The None of the Uncertificated REMIC I Regular Interests will not be certificated. UNCERTIFICATED INITIAL UNCERTIFICATED LATEST -REMIC-I-PASS PRINCIPAL-BALANCE POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE ----------------------------------------------------------------------------- REMIC I Regular Interest Designation 6.50% $ 248,492,451.40 May 25, 2032 U REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Regular Interest 6.50% $ 26,178,000.00 May 25, 2032 V REMIC I Regular Interest 6.00% $ 109,820,645.00 May 25, 2032 W REMIC I Regular Interest 8.50% $ 12,500,000.00 May 25, 2032 X REMIC I Regular Interest 8.50% $ 14,955,161.00 May 25, 2032 Y REMIC I Regular Interest 0.00% $ 1,231,617.98 May 25, 2032 Z REMIC I Variable (2) $ 2,922,000.00 June N/A(3) May 25, 2035 2032 IO Regular Interests ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and 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 I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 9.12, a separate REMIC election with respect thereto. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class X-0, Xxxxx X-0R-II Certificates will be the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The Class I-A, Class II-A, Class III-A-1, Class III-A-2, Class III-A-3, Class A-4IV-A-1, Class A-5IV-A-2, Class A-6, Class A-7, Class A-8, Class A-9, Uncertificated Class AIV-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates)A-3, 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for the REMIC I Regular InterestsInterest. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Mlmi Series 2004-A3)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage passMortgage Pass-through certificates Through Certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided herein, the Trustee REMIC Administrator will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a real estate mortgage investment conduit (a “"REMIC”") for federal income tax purposes and such segregated pool of assets will be designated as “the "REMIC I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 REMIC Administrator will make, in accordance with Section 9.12, make a separate REMIC election with respect thereto. The Class X-0, Xxxxx X-0A-1 Certificates, Class A-3A-2 Certificates, Class A-4A-3 Certificates, Class A-4 Certificates, Class A-5-1 Component, Class A-6A-5-2 Component, Class A-7A-5-3 Component, Class A-8A-5-4 Component, Class A-9A-6 Certificates, Uncertificated Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO P Certificates), Class M-1M-1 Certificates, Class M-2M-2 Certificates, Class M-3M-3 Certificates, Class B-1B-1 Certificates, Class B-2 and Certificates, Class B-3 Certificates and the Uncertificated Class AV REMIC Regular Interests will be “"regular interests” " in REMIC II, II and the Class R-II Certificates will be the sole class of “"residual interests” " therein for purposes of the REMIC Provisions (Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC II Regular Interests. The terms and provisions of the 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) under federal income tax lawherein shall have the meanings set forth in the Standard Terms. REMIC I The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the REMIC I Uncertificated Pass-Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the Uncertificated REMIC I Regular Interests. The None of the Uncertificated REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Uncertificated Initial Uncertificated Latest Designation REMIC I Pass- Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ____________________________________________________________________________________________ Uncertificated REMIC I 7.75% $100,528,000.00 April 25, 2030 Regular Interest O Uncertificated REMIC I 7.75% $8,116,000.00 April 25, 2030 Regular Interest P Uncertificated REMIC I 7.75% $7,195,000.00 April 25, 2030 Regular Interest Q Uncertificated REMIC I 7.75% $38,350,000.00 April 25, 2030 Regular Interest S Uncertificated REMIC I 7.75% $84,062,000.00 April 25, 2030 Regular Interest T Uncertificated REMIC I 7.75% $4,188,313.00 April 25, 2030 Regular Interest U Uncertificated REMIC I 7.75% $7,425,687.00 April 25, 2030 Regular Interest W Uncertificated REMIC I 7.75% $10,507,405.27 April 25, 2030 Regular Interest X Uncertificated REMIC I 0% $2,290,363.34 April 25, 2030 Regular Interest Y Uncertificated REMIC I Variable (2) N/A(3) April 25, 2030 IO Regular Interests
Appears in 1 contract
Samples: Residential Funding (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the DSLA Mortgage Loan Trust 2006-AR1 Mortgage Loan Pass-Through Certificates, Series 2006-AR1 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided hereinThe Certificates will consist of nineteen classes of certificates, the Trustee will make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and 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 I.” The REMIC I Regular Interests will be (i) the “regular interests” in REMIC I and Class 1A-1A Certificates, (ii) the Class 1A-1B Certificates, (iii) the Class 2A-1A Certificates, (iv) the Class 2A-1B Certificate, (v) the Class 2A-1C Certificates, (vi) the Class M-1 Certificates, (vii) the Class M-2 Certificates, (viii) Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class M-10 Certificates, (xvi) the Class R Certificates, (xvii) the Class R-I II Certificates, (xviii) the Class C Certificates, (xix) the Class P Certificates will be and (xx) the Class ES Certificates. For federal income tax purposes, the Trust Fund (exclusive of the assets held in the Basis Risk Reserve Fund and the Class ES Distributable Amount (the “Excluded Trust Property”)) comprises two REMICs in a tiered REMIC structure – the “Lower-Tier REMIC” and the “Upper Tier REMIC”. Each Certificate, other than the Class ES, Class R and Class R-II Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, the Offered Certificates and the Class M-10 Certficates represent the right to receive payments in respect of Basis Risk Shortfalls as provided in Section 5.08. The owners of the Class C Certificates beneficially own the Basis Risk Reserve Fund. The Class R Certificate represents the sole class of “residual interests” interest in the Upper-Tier 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 Certificate represents the sole class of residual interest in the Lower-Tier REMIC. The Lower-Tier REMIC will hold as its assets all of the assets constituting the Trust Fund (exclusive of the Excluded Trust Property) and will issue interests (the “Lower-Tier Regular Interests”) (which will be uncertificated and will represent the regular interests in the Lower-Tier REMIC) and the Class R-II Certificate (which represents the sole class of residual interests” therein for interests in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier Regular Interests as assets of the Upper-Tier REMIC. For purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions, the startup day for the Lower-Tier REMIC and the Upper-Tier REMIC is the Closing Date. All REMIC I regular and residual interests created hereby will be retired on or before the Latest Possible Maturity Date. Lower-Tier REMIC The following table irrevocably sets forth (or describes) the designation, interest rate, and initial principal balance of each Lower-Tier Interest in the Lower-Tier REMIC, each of which (other than the R-II Certificate) is hereby designated as a regular interest in the Lower-Tier 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 the Lower-Tier REMIC I Regular Interests). The REMIC I Regular Interests will not be certificated. REMIC I Regular Designation Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Amount Corresponding Class of Certificates LT-1A1A (1) M-3 Variable (2) $ 2,922,000.00 June 25, 2035 ___________________1A-1A LT-1A1B (1) (2) 1A-1B LT-2A1A (1) (2) 2A-1A LT-2A1B (1) (2) 0X-0X XX-0X0X (1) (2) 2A-1C LT-M1 (1) (2) M1 LT-M2 (1) (2) M2 LT-M3 (1) (2) M3 LT-M4 (1) (2) M4 LT-M5 (1) (2) M5 LT-M6 (1) (2) M6 LT-M7 (1) (2) M7 LT-M8 (1) (2) M8 LT-M9 (1) (2) M9 LT-M10 (1) (2) X00 XX-X (1) (3) N/A R-II Certificate (4) (4) N/A
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Dsla Mortgage Loan Trust 2006-Ar1)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the DSLA Mortgage Loan Trust 2005-AR6 DSLA Mortgage Pass-Through Certificates, Series 2005-AR6 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of sixteen classes of certificates, designated as (as defined herein)i) the Class 1A-1A Certificates, (ii) the Class 1A-1B Certificates, (iii) the Class 2A-1A Certificates, (iv) the Class 2A-1B Certificates, (v) the Class 2A-1C Certificates, (vi) the Class C Certificates, (vii) the Class P Certificates (viii) the Class R Certificate, (ix) the Class M-1 Certificates, (x) the Class M-2 Certificates, (xi) the Class M-3 Certificates, (xii) the Class M-4 Certificates, (xiii) the Class M-5 Certificates, (xiv) the Class M-6 Certificates, (xv) the Class R-II Certificate and (xvi) the Class R-X Certificate. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I (as defined herein)Basis Risk Reserve Fund, the Yield Maintenance Account, and subject to this the Yield Maintenance Agreement, as a real estate mortgage investment conduit (a “REMIC”) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising four real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC,” in REMIC I the “Upper-Tier REMIC,” the “Class C REMIC” and the “Class P REMIC”). Each Certificate, other than the Class R, Class R-I Certificates will be X, Class R-II, Class P, and Class C Certificates, shall represent ownership of a regular interest in the sole class of “residual interests” in REMIC I for purposes of Upper-Tier REMIC, as described herein. In addition, 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 Trustee will makeClass 1A-1A, in accordance with Section 9.12Class 1A-1B, a separate REMIC election with respect thereto. The Class 2A-1A, Class 2A-1B, Class 2A-1C, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1M-4, Class B-2 M-5 and Class B-3 M-6 Certificates will be “represent the right to receive payments in respect of Basis Risk Shortfalls. The Class C Certificates shall represent ownership of a regular interest in the Class C REMIC. The Class C Certificates, in addition to representing beneficial ownership of REMIC regular interests” in REMIC II, also represent beneficial ownership of the Basis Risk Reserve Fund and the Yield Maintenance Account. The Class P Certificates shall represent ownership of a regular interest in the Class P REMIC. The Class R Certificate represents the ownership of the sole residual interest in the Upper-Tier REMIC. The Class R-II Certificates will be Certificate represents ownership of the sole class of “residual interests” therein for purposes interest in the Lower-Tier REMIC. The Class R-X Certificate represents ownership of the sole residual interest in each of the Class C REMIC Provisions (and the Class P REMIC. The Lower-Tier REMIC shall hold as defined herein) under federal income tax lawassets all property of the Trust Fund other than the assets held in the Basis Risk Reserve Fund, the Yield Maintenance Account, the Yield Maintenance Agreement, and the interests in any REMIC formed hereby. The Upper-Tier REMIC I shall hold as assets the uncertificated Lower-Tier Interests in the Lower-Tier REMIC, other than the Class LT-R Interest, and each such Middle-Tier Interest is hereby designated as a regular interest in the Lower-Tier REMIC. The Class C REMIC shall hold as assets the uncertificated Class C Interest in the Upper-Tier REMIC. The Class P REMIC shall hold as assets the uncertificated Class P Interest in the Upper-Tier REMIC. Lower-Tier REMIC Interests The following table irrevocably sets forth specifies the designation, the REMIC I Passinterest rate, initial principal balance, and Corresponding Class of Certificates for each Lower-Through Rate, the initial Uncertificated Tier Interest: Designation Interest Rate Initial Principal Balance and, for purposes Corresponding Class of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Certificates LT1A-1A (1) M-3 Variable $ 127,363,000.00 Class 1A-1A LT1A-1B (1) $ 31,840,500.00 Class 1A-1B LT2A-1A (1) $ 162,861,500.00 Class 2A-1A LT2A-1B (1) $ 67,859,000.00 Class 2A-1B LT2A-1C (1) $ 40,715,000.00 Class 0X-0X XXX-0 (1) $ 13,876,000.00 Class X-0 XXX-0 (1) $ 10,818,500.00 Class X-0 XXX-0 (1) $ 6,350,000.00 Class X-0 XXX-0 (1) $ 1,175,500.00 Class X-0 XXX-0 (1) $ 1,411,000.00 Class X-0 XXX-0 (1) $ 2,351,500.00 Class M-6 LTP (1) $ 50.00 Class P LTQ (1) $ 474,152,734.50 N/A LT-R (2) $ 2,922,000.00 June 25, 2035 (2) Class R-II __________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2005-Ar6)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series 2007-7 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund. The Certificates will consist of seventeen classes of certificates, designated as (as defined herein)i) the Class 1A-1A Certificates, (ii) the Class 2A-1A Certificates, (iii) the Class 2A-1B Certificates, (iv) the Class 2A-1C Certificates, (v) the Class B-1 Certificates, (vi) the Class B-2 Certificates, (vii) Class B-3 Certificates, (viii) the Class B-4 Certificates, (ix) the Class B-5 Certificates, (x) the Class B-6 Certificates, (xi) the Class B-7 Certificates, (xii) the Class B-8 Certificates, (xiii) the Class B-9 Certificates, (xiv) the Class C Certificates, (xv) the Class P Certificates, (xvi) the Class R Certificates, (xvii) the Class LT-R Certificates and (xviii) the Class ES Certificates. As provided hereinFor federal income tax purposes, the Trustee will make, in accordance with Section 9.12, an election to treat Trust Fund (exclusive of the entire segregated pool of assets described held in the definition Prefunding Account, the Capitalized Interest Account, the Basis Risk Reserve Fund, the Basis Risk Cap Agreement, the Basis Risk Cap Replacement Receipts Account, the Basis Risk Cap Account, the Basis Risk Cap Amount, the Class ES Distributable Amount, the Swap Agreement, the Swap Account, the Swap Amount, the Swap Replacement Receipts Account, the Swap Termination Receipts Account, the Supplemental Interest Trust, the Collateral Account, the Final Maturity Reserve Trust and the Final Maturity Reserve Account (the “Excluded Trust Property”)) comprises four REMICs in a tiered REMIC structure: the “Lower-Tier REMIC,” the “Middle-Tier REMIC 1,” the “Middle-Tier REMIC 2,” and the “Upper-Tier REMIC.” Each Certificate, other than the Class R, Class LT-R and Class ES Certificates, shall represent ownership of REMIC I a regular interest in the Upper-Tier REMIC, as described herein. The LIBOR Certificates also represent the right to receive (i) payments in respect of the Final Maturity Reserve Account, as defined hereinprovided in section 5.01(g), (ii) payments in respect of Basis Risk Shortfalls from the Basis Risk Reserve Fund as provided in Section 5.07, (iii) payments in respect of Basis Risk Shortfalls from the Basis Risk Cap Account as provided in Section 5.01(j), (iii) payments in respect of Basis Risk Shortfalls from the Supplemental Interest Trust as provided in Section 5.01(k), and subject (iv) the obligation to this Agreementpay Class I Shortfalls. The owners of the Class C Certificates beneficially own the Basis Risk Reserve Fund, 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 I.” The REMIC I Regular Interests will be the “regular interests” in REMIC I Basis Risk Cap Account, the Supplemental Interest Trust, the Swap Account, the Final Maturity Reserve Account, and the Final Maturity Reserve Trust. The Class R-I Certificates will be R Certificate represents the sole class of residual interest in the Upper-Tier REMIC, the Middle-Tier REMIC 1 and the Middle-Tier REMIC 2. The Class LT-R Certificate represents ownership of the sole class of residual interest in the Lower-Tier REMIC. The Upper Tier REMIC shall hold as its assets the uncertificated interests in the Middle-Tier REMIC 2 other than the Class LT-R Certificate and other than the Class MT2-R interest (each, a “residual interests” Middle-Tier REMIC 2 Regular Interest”), and each such Middle-Tier REMIC 2 Regular Interest is hereby designated as a regular interest in Middle-Tier REMIC I 2 for purposes of the REMIC Provisions Provisions. Middle-Tier REMIC 2 shall hold as its assets the uncertificated interests in Middle-Tier REMIC 1 other than the Class MT1-R interest (each a “Middle-Tier REMIC 1 Regular Interest”), and each such Middle-Tier REMIC 1 Regular Interest is hereby designated as defined hereina regular interest in Middle-Tier REMIC 1. Middle-Tier REMIC 1 shall hold as its assets the uncertificated interests in the Lower-Tier REMIC (each a “Lower-Tier REMIC Regular Interest”) under and one residual interest in the federal income tax lawLower-Tier REMIC (the “LT-R Interest”). A segregated pool of Each such Lower-Tier REMIC Regular Interest is hereby designated as a regular interest in the Lower-Tier REMIC. The Lower-Tier REMIC shall hold as its assets consisting the property of the REMIC I Regular Interests will be designated as “REMIC II,” Trust Fund other than the Excluded Trust Property and the Trustee will make, interests in accordance with Section 9.12, a separate any other REMIC election with respect theretocreated hereby. 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 For purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions, the startup day for each REMIC created hereby is the Closing Date. All REMIC I regular and residual interests created hereby will be retired on or before the Latest Possible Maturity Date. Lower-Tier REMIC The following table irrevocably sets forth (or describes) the designation, interest rate, and initial principal balance of each Lower-Tier REMIC Regular Interests and the REMIC I PassClass LT-Through Rate, the initial Uncertificated R Certificate: Designation Interest Rate Initial Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate LT-Initial Uncertificated Principal Balance Latest Possible Maturity(1(1) M-3 Variable $ 1,577,396,956.28 LT-Subsequent (2) $ 2,922,000.00 June 25, 2035 ___________________65,972,926.34 LT-C (3) (3) LT-I (4) (4) LT-R (5) (5)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HarborView 2007-7)
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust Mortgage Loan Pass-Through Certificates, Series 2007-2 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust Fund, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund. The Certificates will consist of sixteen classes of certificates, designated as (as defined herein)i) the Class 1A-1A Certificates, (ii) the Class 2A-1A Certificates, (iii) the Class 2A-1B Certificates, (iv) the Class 2A-1C Certificates, (v) the Class B-1 Certificates, (vi) the Class B-2 Certificates, (vii) Class B-3 Certificates, (viii) the Class B-4 Certificates, (ix) the Class B-5 Certificates, (x) the Class B-6 Certificates, (xi) the Class B-7 Certificates, (xii) the Class B-8 Certificates, (xiii) the Class C Certificates, (xiv) the Class P Certificates, (xv) the Class R Certificates and (xvi) the Class LT-R Certificates. As provided hereinFor federal income tax purposes, the Trustee will make, in accordance with Section 9.12, an election to treat Trust Fund (exclusive of the entire segregated pool of assets described held in the definition Prefunding Account, the Capitalized Interest Account, the Senior Basis Risk Reserve Fund, the Senior Basis Risk Cap Agreement, the Senior Basis Risk Cap Account, the Senior Basis Risk Cap Replacement Receipts Account, the Subordinate Basis Risk Reserve Fund, the Subordinate Basis Risk Cap Agreement, the Subordinate Basis Risk Cap Account, the Subordinate Basis Risk Cap Replacement Receipts Account, the Yield Maintenance Trust, the Yield Maintenance Trust Account, the Yield Maintenance Account, the Yield Maintenance Agreement, the Collateral Account, the Final Maturity Reserve Trust and the Final Maturity Reserve Account (the “Excluded Trust Property”)) comprises three REMICs in a tiered REMIC structure: the “Lower-Tier REMIC,” the “Middle-Tier REMIC,” and the “Upper-Tier REMIC.” Each Certificate, other than the Class R and Class LT-R Certificates, shall represent ownership of REMIC I a regular interest in the Upper-Tier REMIC, as described herein. The LIBOR Certificates also represent the right to receive (i) payments in respect of the Final Maturity Reserve Account, as defined hereinprovide in section 5.01(g), (ii) payments in respect of Basis Risk Shortfalls from the Senior or Subordinate Basis Risk Reserve Fund as provided in Section 5.07, (iii) payments in respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided in Section 5.01(h), and subject to this Agreement(iv) payments in respect of Basis Risk Shortfalls from the Senior or Subordinate Basis Risk Cap Account as provided in Section 5.12. The owners of the Class C Certificates beneficially own the Senior and Subordinate Basis Risk Reserve Funds, the Senior Basis Risk Cap Account, the Subordinate Basis Risk Cap Account, the Final Maturity Reserve Account, the Final Maturity Reserve Trust, the Yield Maintenance Trust Account, and the Yield Maintenance Account. The Class R and Class LT-R Certificates represent the only classes of residual interests in the Upper-Tier REMIC, as a real estate mortgage investment conduit well as the only residual interests in each of the Lower-Tier REMIC and the Middle-Tier REMIC. The Lower-Tier REMIC will hold as its assets all of the assets constituting the Trust Fund (a “REMIC”exclusive of the Excluded Trust Property) for federal income tax purposes and such segregated pool will issue five uncertificated interests, four of assets will be designated as “REMIC I.” The REMIC I Regular Interests will which shall be the “regular interestsLower-Tier Regular Interests” in REMIC I and one residual interest (the Class R“LT-I Certificates R Interest”), which will be represent the sole class of residual interest in the Lower-Tier REMIC. The Middle-Tier REMIC will hold as its assets all of the Lower-Tier Regular Interests and shall issue 17 uncertificated interests, 16 of which shall be the “Middle- Tier Regular Interests” and one residual interests” interest (the “MT-R Interest”), which will represent the sole class of residual interest in the Middle-Tier REMIC. The Upper-Tier REMIC I for will hold as its assets all of the Middle-Tier Regular Interests and shall issue the Certificates. For purposes of the REMIC Provisions (as defined herein) under Provisions, the federal income tax lawstartup day for each REMIC created hereby is the Closing Date. A segregated pool of assets consisting of the All REMIC I Regular Interests regular and residual interests created hereby will be designated as “retired on or before the Latest Possible Maturity Date. Lower-Tier REMIC II,” and the Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth (or describes) the designation, interest rate, and initial principal balance of each Lower-Tier Regular Interest and the REMIC I PassLT-Through Rate, the initial Uncertificated R Interest: Designation Interest Rate Initial Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate LT-Initial Uncertificated Principal Balance Latest Possible Maturity(1(1) M-3 Variable $ 1,002,941,780.52 LT-Subsequent (2) $ 2,922,000.00 June 25, 2035 ___________________332,687,557.00 LT-C (3) (3) LT-I (4) (4) LT-R (5) (5)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HarborView 2007-2)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage passMortgage Pass-through certificates Through Certificates (collectively, the “"Certificates”"), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein)Trust Fund. As provided herein, the Trustee REMIC Administrator will make, in accordance with Section 9.12, make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this AgreementAgreement (including the Mortgage Loans), 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 I.” " The Uncertificated REMIC I Regular Interests will be the “"regular interests” " in REMIC I and the Class R-I Certificates will be the sole class of “"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 REMIC Administrator will make, in accordance with Section 9.12, make 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates REMIC II Regular Interests will be “"regular interests” " in REMIC II, II and the Class R-II Certificates will be the sole class of “"residual interests” " in REMIC II for purposes of the REMIC Provisions. A segregated pool of assets consisting of the Uncertificated REMIC II Regular Interests will be designated as "REMIC III" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class 1-A-1 Certificates, Class 1-A-2 Certificates, Class 1-A-3 Certificates, Class 1-A-4 Certificates, Class 2-A-1 Certificates, Class 2-A-2 Certificates, Class 2-A-3 Certificates, Class 2-A-4 Certificates, Class 3-A-1 Certificates, Class 3-A-2 Certificates, Class 3-A-3 Certificates, Class 3-A-4 Certificates, Class 4-A-1 Certificates, Class 4-A-2 Certificates, Class 4-A-3 Certificates, Class 4-A-4 Certificates, Class 4-A-5 Certificates, Class 4-A-6 Certificates, Class 4-A-7 Certificates, Class 4-A-8 Certificates, Class 4-A-9 Certificates, Class 4-A- 10 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates, Uncertificated Class A-X-1 REMIC Regular Interests and Uncertificated Class A-X-2 REMIC Regular Interests will be "regular interests" in REMIC III and the Class R-III Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (Provisions. The Class A-X-1 and Class A-X- 2 Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-X- 1 REMIC Regular Interests and the Uncertificated Class A-X-2 REMIC Regular Interests, respectively. The terms and provisions of the 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. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein) under federal income tax lawherein shall have the meanings set forth in the Standard Terms. REMIC I The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Pass- Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the Uncertificated REMIC I Regular Interests. The None of the Uncertificated REMIC I Regular Interests will not be certificated. Initial Uncertificated Uncertificated ---Principal-Balance---- Latest --REMIC-I-Pass Possible-Maturity(1)- Designation Through Rate REMIC I Regular Interest Designation LT-I-SUB 6.00% $ 811.57 December 25, 2032 REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable Regular Interest (2) $ 2,922,000.00 June LT-I-IO N/A (3) December 25, 2035 ___________________2032 REMIC I Regular Interest LT-I-ZZZ 6.00% $318,251,932.43 December 25, 2032 REMIC I Regular Interest LT-II-SUB 6.00% $1,706.63 December 25, 2032 REMIC I Regular Interest (4) LT-II-IO N/A (3) December 25, 2032 REMIC I Regular Interest LT-II-ZZZ 6.00% $669,255,616.37 December 25, 2032 REMIC I Regular Interest LT-III-SUB 6.00% $577.44 December 25, 2032 REMIC I Regular Interest LT-III-PO 0.00% $ 229,726.88 December 25, 2032 REMIC I Regular Interest (5) LT-III-IO N/A (3) December 25, 2032 REMIC I Regular Interest LT-III-ZZZ 6.00% $226,141,794.56 December 25, 2032 REMIC I Regular Interest LT-IV-SUB 5.75% $ 582.12 December 25, 2032 REMIC I Regular Interest LT-IV-PO 0.00% $ 444,363.00 December 25, 2032 REMIC I Regular Interest (6) LT-IV-IO N/A (3) December 25, 2032 REMIC I Regular Interest 5.75% $227,809,863.88 December 25, 2032 LT-IV-ZZZ
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty six classes of certificates, designated as (as defined herein)i) the Class 1-A-1-1 Certificates, (ii) the Class 1-A-1-2 Certificates, (iii) the Class 1-A-2A Certificates, (iv) the Class 1-A-2B Certificates, (v) the Class 1-A-2C Certificates,(vi) the Class 2-A-1 Certificates, (vii) the Class 2-A-2 Certificates, (viii) the Class 1-M-1 Certificates, (ix) the Class 1-M-2 Certificates, (x) the Class 1-M-3 Certificates, (xi) the Class 1-M-4 Certificates, (xii) the Class 1-M-5 Certificates, (xiii) the Class 1-M-6 Certificates, (xiv) the Class 1-M-7 Certificates, (x) the Class 1-M-8 Certificates, (xi) the Class 2-M-1 Certificates, (xii) the Class 2-M-2 Certificates, (xiii) the Class 2-M-3 Certificates, (xix) the Class 1-B Certificates, (xx) the Class 2-B Certificates, (xxi) the Class C-R Certificates, (xxii) the Class C-M Certificates, (xxiii) the Class P-R Certificats, (xxiv) the Class P-M Certificates, and (xxv) the Class R Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election elect to treat the entire segregated pool of assets described in consisting of Loan Group 1 and certain other related assets (other than the definition Net WAC Shortfall Reserve Fund, any related Master Servicer Prepayment Charge Payment Amounts and, for the avoidance of REMIC I (as defined herein)doubt, the Supplemental Interest Trust, the Swap Account and the Group 1-A-2 Interest Rate Swap Agreement) subject to this Agreement, Agreement as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates R-1 Interest will be the sole class of “residual interests” Residual Interests in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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 1 Regular InterestsInterests (as defined herein). The None of the REMIC I 1 Regular Interests will not be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date (1) M-3 Variable (21-A-1 Variable(2) $ 2,922,000.00 June 130,047,000.00 May 2036 1-A-1-OC Variable(2) $ 9,809,572.11 May 2036 1-A-1-P Variable(2) $ 100.00 May 2036 1-1-A Variable(2) $ 1,219,478.33 May 2036 1-1-B Variable(2) $ 1,219,478.33 May 2036 1-2-A Variable(2) $ 1,689,392.90 May 2036 1-2-B Variable(2) $ 1,689,392.90 May 2036 1-3-A Variable(2) $ 2,161,020.85 May 2036 1-3-B Variable(2) $ 2,161,020.85 May 2036 1-4-A Variable(2) $ 2,631,457.93 May 2036 1-4-B Variable(2) $ 2,631,457.93 May 2036 1-5-A Variable(2) $ 3,097,708.88 May 2036 1-5-B Variable(2) $ 3,097,708.88 May 2036 1-6-A Variable(2) $ 3,556,747.08 May 2036 1-6-B Variable(2) $ 3,556,747.08 May 2036 1-7-A Variable(2) $ 4,005,464.50 May 2036 1-7-B Variable(2) $ 4,005,464.50 May 2036 1-8-A Variable(2) $ 4,440,538.91 May 2036 1-8-B Variable(2) $ 4,440,538.91 May 2036 1-9-A Variable(2) $ 4,859,095.41 May 2036 1-9-B Variable(2) $ 4,859,095.41 May 2036 1-10-A Variable(2) $ 5,137,294.00 May 2036 1-10-B Variable(2) $ 5,137,294.00 May 2036 1-11-A Variable(2) $ 5,358,136.54 May 2036 1-11-B Variable(2) $ 5,358,136.54 May 2036 1-12-A Variable(2) $ 5,425,595.41 May 2036 1-12-B Variable(2) $ 5,425,595.41 May 2036 1-13-A Variable(2) $ 5,261,614.90 May 2036 1-13-B Variable(2) $ 5,261,614.90 May 2036 1-14-A Variable(2) $ 5,102,598.27 May 2036 1-14-B Variable(2) $ 5,102,598.27 May 2036 1-15-A Variable(2) $ 4,948,414.66 May 2036 1-15-B Variable(2) $ 4,948,414.66 May 2036 1-16-A Variable(2) $ 4,798,797.43 May 2036 1-16-B Variable(2) $ 4,798,797.43 May 2036 1-17-A Variable(2) $ 4,653,731.96 May 2036 1-17-B Variable(2) $ 4,653,731.96 May 2036 1-18-A Variable(2) $ 4,512,951.51 May 2036 1-18-B Variable(2) $ 4,512,951.51 May 2036 1-19-A Variable(2) $ 4,376,430.06 May 2036 1-19-B Variable(2) $ 4,376,430.06 May 2036 1-20-A Variable(2) $ 4,244,140.25 May 2036 1-20-B Variable(2) $ 4,244,140.25 May 2036 1-21-A Variable(2) $ 19,707,148.45 May 2036 1-21-B Variable(2) $ 19,707,148.45 May 2036 1-22-A Variable(2) $ 7,767,674.53 May 2036 1-22-B Variable(2) $ 7,767,674.53 May 2036 1-23-A Variable(2) $ 7,531,609.12 May 2036 1-23-B Variable(2) $ 7,531,609.12 May 2036 1-24-A Variable(2) $ 3,050,425.72 May 2036 1-24-B Variable(2) $ 3,050,425.72 May 2036 1-25, 2035 -A Variable(2) $ 2,958,088.08 May 2036 1-25-B Variable(2) $ 2,958,088.08 May 2036 1-26-A Variable(2) $ 2,868,424.69 May 2036 1-26-B Variable(2) $ 2,868,424.69 May 2036 1-27-A Variable(2) $ 2,781,616.07 May 2036 1-27-B Variable(2) $ 2,781,616.07 May 2036 1-28-A Variable(2) $ 2,697,296.69 May 2036 1-28-B Variable(2) $ 2,697,296.69 May 2036 1-29-A Variable(2) $ 2,615,584.21 May 2036 1-29-B Variable(2) $ 2,615,584.21 May 2036 1-30-A Variable(2) $ 2,536,331.10 May 2036 1-30-B Variable(2) $ 2,536,331.10 May 2036 1-31-A Variable(2) $ 2,459,422.13 May 2036 1-31-B Variable(2) $ 2,459,422.13 May 2036 1-32-A Variable(2) $ 2,384,937.54 May 2036 1-32-B Variable(2) $ 2,384,937.54 May 2036 1-33-A Variable(2) $ 4,266,259.46 May 2036 1-33-B Variable(2) $ 4,266,259.46 May 2036 1-34-A Variable(2) $ 3,159,440.38 May 2036 1-34-B Variable(2) $ 3,159,440.38 May 2036 1-35-A Variable(2) $ 5,017,115.56 May 2036 1-35-B Variable(2) $ 5,017,115.56 May 2036 1-36-A Variable(2) $ 36,172,180.59 May 2036 1-36-B Variable(2) $ 36,172,180.59 May 2036 1-37-A Variable(2) $ 827,402.50 May 2036 1-37-B Variable(2) $ 827,402.50 May 2036 1-38-A Variable(2) $ 802,330.00 May 2036 1-38-B Variable(2) $ 802,330.00 May 2036 1-39-A Variable(2) $ 777,930.00 May 2036 1-39-B Variable(2) $ 777,930.00 May 2036 1-40-A Variable(2) $ 754,337.50 May 2036 1-40-B Variable(2) $ 754,337.50 May 2036 1-41-A Variable(2) $ 731,402.50 May 2036 1-41-B Variable(2) $ 731,402.50 May 2036 1-42-A Variable(2) $ 709,172.50 May 2036 1-42-B Variable(2) $ 709,172.50 May 2036 1-43-A Variable(2) $ 687,667.50 May 2036 1-43-B Variable(2) $ 687,667.50 May 2036 1-44-A Variable(2) $ 666,715.00 May 2036 1-44-B Variable(2) $ 666,715.00 May 2036 1-45-A Variable(2) $ 646,492.50 May 2036 1-45-B Variable(2) $ 646,492.50 May 2036 1-46-A Variable(2) $ 626,802.50 May 2036 1-46-B Variable(2) $ 626,802.50 May 2036 1-47-A Variable(2) $ 607,775.00 May 2036 1-47-B Variable(2) $ 607,775.00 May 2036 1-48-A Variable(2) $ 589,260.00 May 2036 1-48-B Variable(2) $ 589,260.00 May 2036 1-49-A Variable(2) $ 571,322.50 May 2036 1-49-B Variable(2) $ 571,322.50 May 2036 1-50-A Variable(2) $ 553,955.00 May 2036 1-50-B Variable(2) $ 553,955.00 May 2036 1-51-A Variable(2) $ 537,065.00 May 2036 1-51-B Variable(2) $ 537,065.00 May 2036 1-52-A Variable(2) $ 520,720.00 May 2036 1-52-B Variable(2) $ 520,720.00 May 2036 1-53-A Variable(2) $ 504,870.00 May 2036 1-53-B Variable(2) $ 504,870.00 May 2036 1-54-A Variable(2) $ 489,502.50 May 2036 1-54-B Variable(2) $ 489,502.50 May 2036 1-55-A Variable(2) $ 474,592.50 May 2036 1-55-B Variable(2) $ 474,592.50 May 2036 1-56-A Variable(2) $ 460,107.50 May 2036 1-56-B Variable(2) $ 460,107.50 May 2036 1-57-A Variable(2) $ 3,682,367.50 May 2036 1-57-B Variable(2) $ 3,682,367.50 May 2036 1-58-A Variable(2) $ 1,719,787.50 May 2036 1-58-B Variable(2) $ 1,719,787.50 May 2036 1-59-A Variable(2) $ 8,139,465.00 May 2036 1-59-B Variable(2) $ 8,139,465.00 May 2036 1-60-A Variable(2) $ 954,020.00 May 2036 1-60-B Variable(2) $ 954,020.00 May 2036 1-A-2-OC Variable(2) $ 86,764,971.66 May 2036 ___________________
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through pass‑through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty classes of certificates, designated as (as defined herein)i) the Class I-A1 Certificates, (ii) the Class II-A1 Certificates, (iii) the Class II-A2 Certificates, (iv) the Class II-A3 Certificates, (v) the Class M‑1 Certificates, (vi) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (viii) the Class M‑4 Certificates, (ix) the Class M‑5 Certificates, (x) the Class M‑6 Certificates, (xi) the Class M‑7 Certificates, (xii) the Class M‑8 Certificates, (xiii) the Class M‑9 Certificates, (xiv) the Class B‑1 Certificates, (xv) the Class B-2 Certificates, (xvi) the Class C Certificates, (xvii) the Class P Certificates, (xviii) the Class R Certificates, (xix) the Class R‑CX Certificates and (xx) the Class R‑PX Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, shall make an election to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement, Agreement (exclusive of the Reserve Fund and the Master Servicer Prepayment Charge Payment Amounts) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will be designated as “REMIC I.1.” The REMIC I Regular Interests Class R‑1 Interest will be the “regular interests” in REMIC I and the Class R-I Certificates will be represent the sole class of “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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 1 for purposes of the REMIC Provisions (as defined herein) under federal income tax law. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through 1 Pass‑Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii1.860G‑1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I 1 Regular Interests. The None of the REMIC I 1 Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1) M-3 Variable (2) $ 2,922,000.00 June 25Uncertificated REMIC 1 Pass-Through Rate Assumed Final Maturity Date1 LT1-AA $1,715,001,372.25 Variable2 February, 2035 LT1-IA1 $9,562,375.00 Variable2 February, 2035 LT1-IIA1 $2,640,000.00 Variable2 February, 2035 LT1-IIA2 $1,075,000.00 Variable2 February, 2035 LT1-IIA3 $757,630.00 Variable2 February, 2035 LT1-M1 $796,250.00 Variable2 February, 2035 LT1-M2 $498,750.00 Variable2 February, 2035 LT1-M3 $306,250.00 Variable2 February, 2035 LT1-M4 $306,250.00 Variable2 February, 2035 LT1-M5 $218,750.00 Variable2 February, 2035 LT1-M6 $210,000.00 Variable2 February, 2035 LT1-M7 $175,000.00 Variable2 February, 2035 LT1-M8 $175,000.00 Variable2 February, 2035 LT1-M9 $175,000.00 Variable2 February, 2035 LT1-B1 $175,000.00 Variable2 February, 2035 LT1-B2 $122,500.00 Variable2 February, 2035 LT1-ZZ $17,806,273.01 Variable2 February, 2035 LT1-1SUB $47,215.75 Variable2 February, 2035 LT1-1GRP $238,463.25 Variable2 February, 2035 LT1-2SUB $22,084.45 Variable2 February, 2035 LT1-2GRP $111,537.05 Variable2 February, 2035 LT1-XX $1,749,582,199.78 Variable2 February, 2035 LT1-P $100.00 Variable2 February, 2035 ________________________ 1 Solely for purposes of Section 1.860G‑1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the month of the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC 1 Regular Interest. 2 Calculated in accordance with the definition of “Uncertificated REMIC 1 Pass‑Through Rate” herein. As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the REMIC 1 Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC 2.” The Class R‑2 Interest represents the sole class of “residual interests” in REMIC 2 for purposes of the REMIC Provisions. The following table sets forth (or describes) the Class designation, Pass‑Through Rate and Original Class Certificate Principal Balance for each Class of Certificates that represents one or more of the “regular interests” in REMIC 2 and each class of uncertificated “regular interests” in REMIC 2: Class Designation Original Class Certificate Principal Balance Pass‑Through Rate Assumed Final Maturity Date1 I-A1 $1,912,475,000.00 Variable2 February, 2035 II-A1 $528,000,000.00 Variable2 February, 2035 II-A2 $215,000,000.00 Variable2 February, 2035 II-A3 $151,526,000.00 Variable2 February, 2035 M‑1 $159,250,000.00 Variable2 February, 2035 M-2 $99,750,000.00 Variable2 February, 2035 M-3 $61,250,000.00 Variable2 February, 2035 M-4 $61,250,000.00 Variable2 February, 2035 M-5 $43,750,000.00 Variable2 February, 2035 M-6 $42,000,000.00 Variable2 February, 2035 M-7 $35,000,000.00 Variable2 February, 2035 M-8 $35,000,000.00 Variable2 February, 2035 M-9 $35,000,000.00 Variable2 February, 2035 B-1 $35,000,000.00 Variable2 February, 2035 B-2 $24,500,000.00 Variable2 February, 2035 Class C Interest3 $61,251,900.56 Variable2 February, 2035 Class P Interest $100.00 N/A4 February, 2035 ___________________ 1 Solely for purposes of Section 1.860G‑1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the month of the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each Class of Certificates or uncertificated interests that represents one or more of the “regular interests” in REMIC 2. 2 Calculated in accordance with the definition of “Pass‑Through Rate” herein. 3 The Class C Interest will accrue interest at its variable Pass‑Through Rate on its Notional Amount outstanding from time to time, which shall equal the aggregate of the Uncertificated Principal Balances of the REMIC 1 Regular Interests. The Class C Interest will not accrue interest on its Uncertificated Principal Balance. 4 The Class P Interest will not accrue interest.
Appears in 1 contract
PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2005-7 Mortgage Loan Pass-Through Certificates, Series 2005-7 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), Certificates to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty-four classes of certificates, designated as (as defined herein)i) the Class 1-A1 Certificates, (ii) the Class 1-A2 Certificates, (iii) the Class 2-A1 Certificates, (iv) the Class 2-A2A Certificates, (v) the Class 2-A2B Certificates, (vi) the Class 1-X Certificates, (vii) the Class 2-X Certificates, (viii) the Class 1-PO Certificates, (ix) the Class 2-PO Certificates, (x) the Class A-R Certificates, (xi) the Class 1-B1 Certificates, (xii) the Class 1-B2 Certificates, (xiii) the Class 1-B3 Certificates, (xiv) the Class 1-B4 Certificates, (xv) the Class 1-B5 Certificates, (xvi) the Class 1-B6 Certificates, (xvii) the Class 2-B1 Certificates, (xviii) the Class 2-B2 Certificates, (xix) the Class 2-B3 Certificates, (xx) the Class 2-B4 Certificates, (xxi) the Class 2-B5 Certificates, (xxii) the Class 2-B6 Certificates, (xxiii) the Class A-R-II Certificates and (xxiv) the Class P Certificates. As provided herein, the Trustee will make, in accordance with Section 9.12, an election to treat shall elect that the entire segregated pool Trust Fund (exclusive of the assets described held in the definition of REMIC I Group 1 and Group 2 Basis Risk Reserve Funds and the Yield Maintenance Account and the Yield Maintenance Agreements (as defined herein)collectively, and subject to this Agreement, as a real estate mortgage investment conduit (a the “REMICExcluded Trust Property”) be treated for federal income tax purposes and such segregated pool of assets will be designated as comprising two real estate mortgage investment conduits (each, a “REMIC I.REMIC” The REMIC I Regular Interests will be or, in the alternative, the “regular interestsLower-Tier REMIC” in REMIC I and the “Upper-Tier REMIC”). Each Certificate, other than the Class A-R and Class AR-II Certificates, shall represent ownership of a regular interest in the Upper-Tier REMIC, as described herein. In addition, (i) the COFI and LIBOR Certificates represent the right to receive payments in respect of Basis Risk Shortfalls from the Group 1 and Group 2 Basis Risk Reserve Funds as provided in Section 5.07 and (ii) the Class 2-A1, Class 2-A2A, and Class 2-A2B Certificates represent the right to receive payments in respect of Basis Risk Shortfalls from the Yield Maintenance Account as provided in Section 4.04. The owners of the Class 1-X Certificates beneficially own the Group 1 Basis Risk Reserve Fund and the owners of the Class 2-X Certificates beneficially own the Group 2 Basis Risk Reserve Fund and the Yield Maintenance Account. The Class A-R-I Certificates will be II Certificate represents the sole class of “residual interests” interest in the Lower-Tier 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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 R Certificate represents the sole class of “residual interests” therein for purposes interest in the Upper-Tier REMIC. The Lower-Tier REMIC shall hold as assets all property of the Trust Fund other than the Excluded Trust Property and the interests in the Lower-Tier REMIC Provisions (formed hereby. The Upper Tier REMIC shall hold as defined herein) under federal income tax lawassets the uncertificated Lower-Tier REMIC Interests, other than the Class LT-R Interest. Each such Lower-Tier Interest is hereby designated as a REMIC I regular interest. Lower-Tier REMIC Interests The following table irrevocably sets forth specifies the Class designation, the interest rate, and initial Class Principal Amount for each Class of Lower-Tier REMIC I Pass-Through Rate, the initial Uncertificated Interest: Designation Interest Rate Initial Principal Balance and, for purposes Corresponding Class of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the REMIC I Regular Interests. The REMIC I Regular Interests will not be certificated. REMIC I Regular Interest Designation REMIC I Pass- Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Certificates LT1-A1 (1) M-3 Variable $ 104,576,050.00 Class 1-A1 & A-R LT1-A2 (1) $ 26,144,500.00 Class 1-A2 LT1B-6 (1) $ 643,116.06 Class 1-B-6 LT1Q (1) $ 136,925,537.41 N/A LT1Z (1) $ 2,852,614.32 N/A LT1Y (1) $ 2,852,614.32 N/A LT2-A1 (2) $ 2,922,000.00 June 25, 2035 138,132,500.00 Class 2-A1 LT2-A2A (2) $ 61,214,500.00 Class 2-A1A LT2-A2B (2) $ 30,874,500.00 Class 2-A1B LT2B-1 (2) $ 6,012,500.00 Class 2-B-1 LT2B-2 (2) $ 4,759,500.00 Class 2-B-2 LT2B-3 (2) $ 3,507,000.00 Class 2-B-3 LT2B-4 (2) $ 3,131,000.00 Class 2-B-4 LT2B-5 (2) $ 1,628,000.00 Class 2-B-5 LT2B-6 (2) $ 1,253,785.56 Class 2-B-6 LT2Q (2) $ 240,492,852.13 N/A LT2Z (2) $ 5,010,266.71 N/A LT2Y (2) $ 5,010,266.71 N/A LT-R (2) (2) Class A-R-II __________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-7)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in multiple Classesclasses, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans Trust Fund created hereunder. The Certificates will consist of twenty classes of certificates, designated as (as defined herein)i) the Class I-A-1 Certificates, (ii) the Class II-A-1 Certificates, (iii) the Class II-A-2 Certificates, (iv) Class II-A-3 Certificates, (v) the Class II-A-4 Certificates, (vi) the Class M-1 Certificates (vii) the Class M-2 Certificates, (vii) the Class M-3 Certificates, (ix) the Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class M-6 Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8 Certificates, (xiv) the Class M-9 Certificates, (xv) the Class M-10 Certificates, (xvi) the Class C Certificates, (xvii) the Class P Certificates, (xviii) the Class L Certificates, (xix) the Class R Certificates and (xx) the Class R-X Certificates. REMIC 1 As provided herein, the Trustee will make, in accordance with Section 9.12, an election shall elect to treat the entire segregated pool of assets described in consisting of the definition of REMIC I (as defined herein), Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Net WAC Rate Carryover Reserve Account, the Swap Account, any Servicer Prepayment Charge Payment Amounts, the Supplemental Interest Trust, the Cap Trust, the Interest Rate Cap Agreement, the Cap Account, the Cap Allocation Agreement, the Interest Rate Swap Agreement and the Basis Risk Cap Agreement) as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes purposes, and such segregated pool of assets will shall be designated as “REMIC I.1.” The REMIC I Regular Interests will be the “regular interests” in REMIC I and the Class R-I Certificates will be R-1 Interest shall represent the sole class of “residual interests” in REMIC I 1 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 Trustee will make, in accordance with Section 9.12, 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, Uncertificated Class A-IO-1 Component and Uncertificated Class A-IO-2 Component (each represented and beneficially owned by a holder of the Class A-IO Certificates), 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. REMIC I The following table irrevocably sets forth the designation, the Uncertificated REMIC I 1 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. The REMIC I 1 Regular Interests will not (as defined herein). None of the REMIC 1 Regular Interests shall be certificated. Designation Uncertificated REMIC I Regular Interest Designation REMIC I Pass- 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity(1Maturity Date(1) M-3 Variable (2I Variable(2) $ 2,922,000.00 June 19,384,106.76 July 25, 2035 2037 I-1-B Variable(2) $ 6,557,468.75 July 25, 2037 I-2-B Variable(2) $ 7,253,362.50 July 25, 2037 I-3-B Variable(2) $ 7,904,693.75 July 25, 2037 I-5-B Variable(2) $ 8,722,982.50 July 25, 2037 I-6-B Variable(2) $ 8,403,283.75 July 25, 2037 I-7-B Variable(2) $ 8,095,431.25 July 25, 2037 I-8-A Variable(2) $ 7,798,982.50 July 25, 2037 I-8-B Variable(2) $ 7,798,982.50 July 25, 2037 I-9-B Variable(2) $ 7,513,512.50 July 25, 2037 I-10-B Variable(2) $ 7,238,608.75 July 25, 2037 I-11-B Variable(2) $ 6,973,878.75 July 25, 2037 I-12-B Variable(2) $ 6,723,572.50 July 25, 2037 I-13-B Variable(2) $ 6,585,537.50 July 25, 2037 I-14-B Variable(2) $ 7,155,693.75 July 25, 2037 I-15-B Variable(2) $ 7,670,536.25 July 25, 2037 I-16-A Variable(2) $ 24,687,383.75 July 25, 2037 I-16-B Variable(2) $ 24,687,383.75 July 25, 2037 I-17-B Variable(2) $ 38,433,310.00 July 25, 2037 I-18-A Variable(2) $ 7,056,627.50 July 25, 2037 I-18-B Variable(2) $ 7,056,627.50 July 25, 2037 I-19-A Variable(2) $ 6,307,856.25 July 25, 2037 I-19-B Variable(2) $ 6,307,856.25 July 25, 2037 I-20-B Variable(2) $ 4,860,090.00 July 25, 2037 I-21-B Variable(2) $ 2,923,642.50 July 25, 2037 I-22-B Variable(2) $ 2,806,013.75 July 25, 2037 I-23-B Variable(2) $ 2,692,933.75 July 25, 2037 I-24-B Variable(2) $ 2,597,712.50 July 25, 2037 I-25-A Variable(2) $ 2,480,571.25 July 25, 2037 I-25-B Variable(2) $ 2,480,571.25 July 25, 2037 I-26-A Variable(2) $ 2,423,417.50 July 25, 2037 I-26-B Variable(2) $ 2,423,417.50 July 25, 2037 I-27-A Variable(2) $ 2,350,566.25 July 25, 2037 I-27-B Variable(2) $ 2,350,566.25 July 25, 2037 I-28-A Variable(2) $ 2,508,573.75 July 25, 2037 I-28-B Variable(2) $ 2,508,573.75 July 25, 2037 I-29-A Variable(2) $ 2,684,417.50 July 25, 2037 I-29-B Variable(2) $ 2,684,417.50 July 25, 2037 I-30-B Variable(2) $ 1,978,863.75 July 25, 2037 I-31-B Variable(2) $ 1,901,186.25 July 25, 2037 I-32-B Variable(2) $ 1,826,721.25 July 25, 2037 I-33-A Variable(2) $ 1,755,327.50 July 25, 2037 I-33-B Variable(2) $ 1,755,327.50 July 25, 2037 I-34-A Variable(2) $ 1,686,877.50 July 25, 2037 I-34-B Variable(2) $ 1,686,877.50 July 25, 2037 I-35-B Variable(2) $ 1,621,236.25 July 25, 2037 I-36-B Variable(2) $ 1,558,266.25 July 25, 2037 I-38-B Variable(2) $ 1,440,020.00 July 25, 2037 I-39-B Variable(2) $ 1,384,495.00 July 25, 2037 I-40-B Variable(2) $ 1,331,230.00 July 25, 2037 I-41-B Variable(2) $ 1,280,130.00 July 25, 2037 I-42-A Variable(2) $ 1,231,102.50 July 25, 2037 I-42-B Variable(2) $ 1,231,102.50 July 25, 2037 I-43-A Variable(2) $ 1,184,062.50 July 25, 2037 I-43-B Variable(2) $ 1,184,062.50 July 25, 2037 I-44-A Variable(2) $ 1,138,925.00 July 25, 2037 I-44-B Variable(2) $ 1,138,925.00 July 25, 2037 I-45-A Variable(2) $ 1,095,606.25 July 25, 2037 I-45-B Variable(2) $ 1,095,606.25 July 25, 2037 I-47-A Variable(2) $ 1,014,128.75 July 25, 2037 I-47-B Variable(2) $ 1,014,128.75 July 25, 2037 I-48-A Variable(2) $ 975,823.75 July 25, 2037 I-48-B Variable(2) $ 975,823.75 July 25, 2037 I-49-A Variable(2) $ 939,051.25 July 25, 2037 I-49-B Variable(2) $ 939,051.25 July 25, 2037 I-50-A Variable(2) $ 903,898.75 July 25, 2037 I-50-B Variable(2) $ 903,898.75 July 25, 2037 I-51-A Variable(2) $ 869,992.50 July 25, 2037 I-51-B Variable(2) $ 869,992.50 July 25, 2037 I-52-A Variable(2) $ 984,020.00 July 25, 2037 I-52-B Variable(2) $ 984,020.00 July 25, 2037 I-53-B Variable(2) $ 1,169,007.50 July 25, 2037 I-54-B Variable(2) $ 752,202.50 July 25, 2037 I-55-A Variable(2) $ 724,487.50 July 25, 2037 I-55-B Variable(2) $ 724,487.50 July 25, 2037 I-56-A Variable(2) $ 697,857.50 July 25, 2037 I-56-B Variable(2) $ 697,857.50 July 25, 2037 I-57-A Variable(2) $ 672,265.00 July 25, 2037 I-57-B Variable(2) $ 672,265.00 July 25, 2037 I-58-A Variable(2) $ 647,668.75 July 25, 2037 I-58-B Variable(2) $ 647,668.75 July 25, 2037 I-59-B Variable(2) $ 624,021.25 July 25, 2037 I-60-A Variable(2) $ 601,275.00 July 25, 2037 I-60-B Variable(2) $ 601,275.00 July 25, 2037 I-61-B Variable(2) $ 579,431.25 July 25, 2037 I-62-A Variable(2) $ 558,430.00 July 25, 2037 I-62-B Variable(2) $ 558,430.00 July 25, 2037 I-63-A Variable(2) $ 538,236.25 July 25, 2037 I-63-B Variable(2) $ 538,236.25 July 25, 2037 I-64-A Variable(2) $ 518,817.50 July 25, 2037 I-64-B Variable(2) $ 518,817.50 July 25, 2037 I-65-B Variable(2) $ 500,143.75 July 25, 2037 I-66-A Variable(2) $ 14,206,067.50 July 25, 2037 I-66-B Variable(2) $ 14,206,067.50 July 25, 2037 P Variable(2) $ 100.00 July 25, 2037 ___________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-Opt2)
