PRELIMINARY STATEMENT. The Depositor intends to sell 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 each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Interest will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated 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 (as defined herein). None of the REMIC I Regular Interests will be certificated.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc as-Bk Ps-Th Ct Sr 2002-1), Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Ass Bk Pas THR Certs Ser 2002 2)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classessixteen Classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Swap Account and any Subsequent Mortgage Loan Interestthe Swap Agreement) subject to this Agreement as a REMIC 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 Component I of the Class R-I Interest R Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iiiSection 1.860G 1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. UNCERTIFICATED REMIC I INITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE I-1-A Variable(1) $ 2,988,391.23 July 2036 I-2-A Variable(1) $ 3,948,712.65 July 2036 I-3-A Variable(1) $ 4,909,679.78 July 2036 I-4-A Variable(1) $ 5,863,829.49 July 2036 I-5-A Variable(1) $ 6,803,977.36 July 2036 I-6-A Variable(1) $ 7,721,057.41 July 2036 I-7-A Variable(1) $ 8,585,403.70 July 2036 I-8-A Variable(1) $ 9,378,934.35 July 2036 I-9-A Variable(1) $ 9,870,775.35 July 2036 I-10-A Variable(1) $ 10,272,442.34 July 2036 I-11-A Variable(1) $ 9,900,355.42 July 2036 I-12-A Variable(1) $ 9,542,018.99 July 2036 I-13-A Variable(1) $ 9,200,258.34 July 2036 I-14-A Variable(1) $ 8,867,317.87 July 2036 I-15-A Variable(1) $ 8,546,630.40 July 2036 I-16-A Variable(1) $ 8,239,617.57 July 2036 I-17-A Variable(1) $ 7,973,711.75 July 2036 I-18-A Variable(1) $ 7,681,233.87 July 2036 I-19-A Variable(1) $ 7,426,794.22 July 2036 I-20-A Variable(1) $ 7,503,675.55 July 2036 I-21-A Variable(1) $ 11,943,367.68 July 2036 I-22-A Variable(1) $ 11,076,996.02 July 2036 I-23-A Variable(1) $ 10,274,489.13 July 2036 I-24-A Variable(1) $ 9,541,175.76 July 2036 I-25-A Variable(1) $ 8,693,721.57 July 2036 I-26-A Variable(1) $ 5,616,582.40 July 2036 I-27-A Variable(1) $ 5,382,125.47 July 2036 I-28-A Variable(1) $ 5,157,761.88 July 2036 I-29-A Variable(1) $ 4,943,204.90 July 2036 I-30-A Variable(1) $ 4,737,927.50 July 2036 I-31-A Variable(1) $ 4,541,525.90 July 2036 I-32-A Variable(1) $ 4,353,600.36 July 2036 I-33-A Variable(1) $ 4,173,774.15 July 2036 I-34-A Variable(1) $ 4,001,641.79 July 2036 I-35-A Variable(1) $ 3,835,780.99 July 2036 I-36-A Variable(1) $ 3,678,268.64 July 2036 I-37-A Variable(1) $ 3,527,504.73 July 2036 I-38-A Variable(1) $ 3,383,190.53 July 2036 I-39-A Variable(1) $ 3,245,041.16 July 2036 I-40-A Variable(1) $ 3,112,779.20 July 2036 I-41-A Variable(1) $ 2,986,156.11 July 2036 I-42-A Variable(1) $ 2,864,917.98 July 2036 I-43-A Variable(1) $ 2,748,827.95 July 2036 I-44-A Variable(1) $ 2,637,659.84 July 2036 I-45-A Variable(1) $ 2,531,197.62 July 2036 I-46-A Variable(1) $ 2,429,234.99 July 2036 I-47-A Variable(1) $ 2,331,574.92 July 2036 I-48-A Variable(1) $ 2,238,029.22 July 2036 I-49-A Variable(1) $ 2,148,418.15 July 2036 I-50-A Variable(1) $ 2,062,570.01 July 2036 I-51-A Variable(1) $ 1,980,320.81 July 2036 I-52-A Variable(1) $ 1,901,513.89 July 2036 I-53-A Variable(1) $ 1,825,999.59 July 2036 I-54-A Variable(1) $ 1,753,634.95 July 2036 I-55-A Variable(1) $ 1,684,279.49 July 2036 I-56-A Variable(1) $ 1,617,810.84 July 2036 I-57-A Variable(1) $ 1,554,069.13 July 2036 I-58-A Variable(1) $ 1,493,212.81 July 2036 I-59-A Variable(1) $ 1,436,350.93 July 2036 I-60-A Variable(1) $ 1,380,074.60 July 2036 I-61-A Variable(1) $ 35,912,598.98 July 2036 I-1-B Variable(1) $ 2,988,391.23 July 2036 I-2-B Variable(1) $ 3,948,712.65 July 2036 I-3-B Variable(1) $ 4,909,679.78 July 2036 I-4-B Variable(1) $ 5,863,829.49 July 2036 I-5-B Variable(1) $ 6,803,977.36 July 2036 I-6-B Variable(1) $ 7,721,057.41 July 2036 I-7-B Variable(1) $ 8,585,403.70 July 2036 I-8-B Variable(1) $ 9,378,934.35 July 2036 I-9-B Variable(1) $ 9,870,775.35 July 2036 I-10-B Variable(1) $ 10,272,442.34 July 2036 I-11-B Variable(1) $ 9,900,355.42 July 2036 I-12-B Variable(1) $ 9,542,018.99 July 2036 I-13-B Variable(1) $ 9,200,258.34 July 2036 I-14-B Variable(1) $ 8,867,317.87 July 2036 I-15-B Variable(1) $ 8,546,630.40 July 2036 I-16-B Variable(1) $ 8,239,617.57 July 2036 I-17-B Variable(1) $ 7,973,711.75 July 2036 I-18-B Variable(1) $ 7,681,233.87 July 2036 I-19-B Variable(1) $ 7,426,794.22 July 2036 I-20-B Variable(1) $ 7,503,675.55 July 2036 I-21-B Variable(1) $ 11,943,367.68 July 2036 I-22-B Variable(1) $ 11,076,996.02 July 2036 I-23-B Variable(1) $ 10,274,489.13 July 2036 I-24-B Variable(1) $ 9,541,175.76 July 2036 I-25-B Variable(1) $ 8,693,721.57 July 2036 I-26-B Variable(1) $ 5,616,582.40 July 2036 I-27-B Variable(1) $ 5,382,125.47 July 2036 I-28-B Variable(1) $ 5,157,761.88 July 2036 I-29-B Variable(1) $ 4,943,204.90 July 2036 I-30-B Variable(1) $ 4,737,927.50 July 2036 I-31-B Variable(1) $ 4,541,525.90 July 2036 I-32-B Variable(1) $ 4,353,600.36 July 2036 I-33-B Variable(1) $ 4,173,774.15 July 2036 I-34-B Variable(1) $ 4,001,641.79 July 2036 I-35-B Variable(1) $ 3,835,780.99 July 2036 I-36-B Variable(1) $ 3,678,268.64 July 2036 I-37-B Variable(1) $ 3,527,504.73 July 2036 I-38-B Variable(1) $ 3,383,190.53 July 2036 I-39-B Variable(1) $ 3,245,041.16 July 2036 I-40-B Variable(1) $ 3,112,779.20 July 2036 I-41-B Variable(1) $ 2,986,156.11 July 2036 I-42-B Variable(1) $ 2,864,917.98 July 2036 I-43-B Variable(1) $ 2,748,827.95 July 2036 I-44-B Variable(1) $ 2,637,659.84 July 2036 I-45-B Variable(1) $ 2,531,197.62 July 2036 I-46-B Variable(1) $ 2,429,234.99 July 2036 I-47-B Variable(1) $ 2,331,574.92 July 2036 I-48-B Variable(1) $ 2,238,029.22 July 2036 I-49-B Variable(1) $ 2,148,418.15 July 2036 I-50-B Variable(1) $ 2,062,570.01 July 2036 I-51-B Variable(1) $ 1,980,320.81 July 2036 I-52-B Variable(1) $ 1,901,513.89 July 2036 I-53-B Variable(1) $ 1,825,999.59 July 2036 I-54-B Variable(1) $ 1,753,634.95 July 2036 I-55-B Variable(1) $ 1,684,279.49 July 2036 I-56-B Variable(1) $ 1,617,810.84 July 2036 I-57-B Variable(1) $ 1,554,069.13 July 2036 I-58-B Variable(1) $ 1,493,212.81 July 2036 I-59-B Variable(1) $ 1,436,350.93 July 2036 I-60-B Variable(1) $ 1,380,074.60 July 2036 I-61-B Variable(1) $ 35,912,598.98 July 2036 A-I Variable(1) $ 4,072,640.19 July 2036 _______________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (RASC Series 2006-Ks5 Trust), Pooling and Servicing Agreement (RASC Series 2006-Ks5 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classeseight Classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account Yield Maintenance Agreement and any Subsequent Mortgage Loan Interestpayments thereunder) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, solely for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (RAMP Series 2005-Efc7 Trust), Pooling and Servicing Agreement (RAMP Series 2005-Nc1 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classessixteen Classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Swap Account and any Subsequent Mortgage Loan Interestthe Swap Agreement) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iiiSection 1.860G 1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (RASC Series 2006-Ks4), Pooling and Servicing Agreement (RASC Series 2006-Ks4)
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 each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement Agreement, as a REMIC 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 Interest 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 REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A, Class II-A-1, Class II-A-2, Class III-A, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, the REMIC I Remittance Pass-Through Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interests. None of the The REMIC I Regular Interests will not be certificated.
Appears in 2 contracts
Sources: 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 pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will shall evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will shall consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts Loans and certain other related assets subject to this Agreement. REMIC I ------- As provided herein, the Trustee will shall elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Interest Coverage Accounts, any Subsequent Mortgage Loan Interest, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Swap Account and any Subsequent Mortgage Loan Interestthe Interest Rate Swap Agreement) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will shall be designated as "REMIC I." The Class R-I Interest will shall be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated 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 (as defined herein). None of the REMIC I Regular Interests will shall be certificated.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-Whq2), Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-Whq2)
PRELIMINARY STATEMENT. The Depositor intends to sell 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 each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting comprising of the Mortgage Loans, the Pre-Funding Accounts Account and the Interest Coverage Accounts Account and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any the Master Servicer Prepayment Charge Payment AmountsAmount, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, Account and the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestAccount) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.. Designation REMIC I Initial Latest Possible Maturity Date(1) Remittance Rate Uncertificated Balance ---------------- --------------- ---------------------- I-LT1 Variable(2) I-LT2 Variable(2) I-LT3 Variable(2) I-LT4 Variable(2) I-LT5 Variable(2) I-LT6 Variable(2) I-LT7 Variable(2) I-LTP Variable(2) _____________
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Park Place Securities, Inc.), Pooling and Servicing Agreement (Boardwalk Mortgage Securities Inc.)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed 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 each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestHedge Agreement) subject to this Agreement as a REMIC 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 Class [R-I Interest I] Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated REMIC I Principal Balance Latest Possible Maturity Date [LT4] [___](1) $[________] [___] 20[_]_______________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Residential Asset Securities Corp), Pooling and Servicing Agreement (Residential Asset Securities Corp)
PRELIMINARY STATEMENT. The Depositor intends to sell 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 each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting comprising of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts Loans and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master the Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestAmount) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.. REMIC INITIAL LATEST POSSIBLE DESIGNATION REMITTANCE RATE UNCERTIFICATED BALANCE(1) MATURITY DATE(3) ----------- --------------- ------------------------- ---------------- I-LT1 Variable(2) I-LT4 Variable(2) I-LT5 Variable(2) I-LT6 Variable(2) I-LT7 Variable(2) I-LT8 Variable(2) I-LT9 Variable(2) LTPI(3) Variable(2) I-LT3 Variable(2) -------------------------
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Boardwalk Mortgage Securities Inc.), Pooling and Servicing Agreement (Park Place Securities, 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 each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement Agreement, as a REMIC 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 Interest 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 ▇-▇, ▇▇▇▇▇ ▇-▇, 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 following table irrevocably sets forth the designation, the REMIC I Remittance Pass-Through Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "“latest possible maturity date" ” for each of the REMIC I Regular Interests (as defined herein)Interests. None of the The REMIC I Regular Interests will not be certificated.. 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
Sources: 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 classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement Agreement, as a REMIC 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 Interest 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 REMIC II Regular Interests will be “regular interests” in REMIC 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 REMIC II Regular Interests will be designated as “REMIC III” and the REMIC Administrator will make a separate REMIC election with respect thereto. The REMIC III I-A, REMIC III II-A, REMIC III III-A, Class I-A-IO, Class II-A-IO, Class III-A-IO, Class IV-A, Class IV-A-IO, Class V-A, Class V-A-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 III, and the Class R-III Certificates will be the sole class of “residual interests” therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, the REMIC I Remittance Pass-Through Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "“latest possible maturity date" ” for each of the REMIC I Regular Interests (as defined herein)Interests. None of the The REMIC I Regular Interests will not be certificated.. REMIC I Regular Interest Designation REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date(1) I-GRP Variable (2) $ 34,778.76 October 25, 2035 II-SUB Variable (2) $ 736.64 October 25, 2035 II-GRP Variable (2) $ 19,641.74 October 25, 2035 III-SUB Variable (2) $ 1,072.10 October 25, 2035 III-GRP Variable (2) $ 28,586.70 October 25, 2035 IV-SUB Variable (2) $ 933.99 October 25, 2035 IV-GRP Variable (2) $ 24,907.59 October 25, 2035 V-SUB Variable (2) $ 374.39 October 25, 2035 V-GRP Variable (2) $ 9,983.79 October 25, 2035 ZZZ Variable (2) $ 1,178,863,422.64 October 25, 2035 _________________
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investor Trust Series MLCC 2005-3), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investor Trust Series MLCC 2005-3)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Rounding Account and the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 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-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. Uncertificated REMIC I Initial Uncertificated Latest DESIGNATION Pass-Through Rate Principal Balance Possible Maturity(1) REMIC I Regular Interest U 5.50% $20,000,000.00 June 25, 2033 REMIC I Regular Interest V 5.50% $20,069,748.44 June 25, 2033 REMIC I Regular Interest W 5.50% $265,601,000.00 June 25, 2033 REMIC I Regular Interest X AdjustableRate(2) $76,822,533.00 June 25, 2033 REMIC I Regular Interest Y Adjustable Rate(2) $27,935,467.00 June 25, 2033 REMIC I Regular Interest Z 0.00% $557,809.93 June 25, 2033 REMIC I IO Regular Interests (2) (3) June 25, 2033 ___________________
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc), Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor Company 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 each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect make, in accordance with Section 10.01, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest 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 10.01, a separate REMIC election with respect thereto. The Class A-1, Class A-2, Class A-3, Class A-4, ▇▇▇▇▇ ▇-▇, ▇▇▇ss A-6, Class A-7, Class A-8, Class M-1, Class M-2, ▇▇▇▇▇ ▇-▇, ▇▇▇ss B-1, Class B-2 and Class B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated.. 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 X 8.50% $22,001,363.83 July 25, 2030 REMIC I Regular Interest Y 0.00% $42,449.00 July 25, 2030 REMIC I IO Regular Interest (2) (3) July 25, 2030 -----------------------------
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Impac Secured Assets Corp), Pooling and Servicing Agreement (Impac Secured Assets Corp)
PRELIMINARY STATEMENT. The Depositor intends to sell 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 each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting comprising of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts Loans and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master the Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestAmount) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.. REMIC INITIAL LATEST POSSIBLE DESIGNATION REMITTANCE RATE UNCERTIFICATED BALANCE(1) MATURITY DATE(3) ----------- --------------- ------------------------- ---------------- I-LT1 Variable(2) I-LT4 Variable(2) I-LT5 Variable(2) I-LT6 Variable(2) I-LT7 Variable(2) I-LT8 Variable(2) I-LT9 Variable(2) LTPI(3) Variable(2) I-LT3 Variable(2)
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Argent Securities Inc), Pooling and Servicing Agreement (New Century Mortgage Securities LLC)
PRELIMINARY STATEMENT. The Depositor intends to sell pass-through certificates the Certificates (collectively, the "Certificates"as defined herein), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Underlying Certificates (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee Trust Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement REMIC I as a REMIC real estate mortgage investment conduit for federal income tax purposes, and such segregated pool of assets will be designated as "the “REMIC I." The ” Component I of the Class R-I Interest AR Certificates will be represent the sole class of "“residual interests" ” in the REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably below sets forth (1) the designation, “regular interests” in the REMIC I Remittance Rate, (the initial Uncertificated Balance and, “REMIC I Regular Interests”) and (2) the residual interest in the REMIC I. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)shall be the first Distribution Date that follows the stated maturity date for the Underlying Certificates. None of the REMIC I Regular Interests will be certificated. The following table irrevocably sets forth the designation, type, pass-through rate, aggregate initial principal balance and certain other features of each class of REMIC I Regular Interests. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a real estate mortgage investment conduit for federal income tax purposes, and such segregated pool of assets will be designated as the “REMIC II.” Component II of the Class AR Certificates will represent the sole class of “residual interests” in the REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The table below irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Class Principal Balance, and certain other features of (1) the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates and Class A-4 Certificates which represent ownership of “regular interests” in the REMIC II (the “REMIC II Regular Interests”), (2) the Class A-5 Certificates which represent ownership of REMIC II Regular Interests A-1 and A-4, and (3) Component II of the Class AR Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for the REMIC II Regular Interests shall be the first Distribution Date that follows the stated maturity date for the Underlying Certificates. Class A-1(1)(6) 6.50% $ 31,900,000.00 AAA/AAA $25,000.00 Book-Entry Class A-2 5.50% $ 5,000,000.00 AAA/AAA $25,000.00 Book-Entry Class A-4(1)(6) 6.50% $ 5,777,524.00 AAA/AAA $25,000.00 Book-Entry Class A-5(6) 6.50% $ 37,677,523.00 AAA/AAA $25,000.00 Book-Entry
Appears in 1 contract
Sources: Trust Agreement (CSMC Trust 2007-5r)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple twenty-four classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder). The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestFund) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for "regular interest" in REMIC I (the "REMIC I Regular Interest"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the The REMIC I Regular Interests Interest will not be certificated.. UNCERTIFICATED REMIC I UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE REMIC I Regular Variable(1) $300,000,888.78 October 25, 2034 Interest A ____________________
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RAMP Series 2004-Rs10 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple twenty-one classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Mortgage Insurance Premium Taxes Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestFund) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated.. Uncertificated REMIC I Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date I-LT Variable(1) $850,000,050.20 April 25, 2033 ---------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Asset Securities Corp)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 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-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. UNCERTIFICATED INITIAL UNCERTIFICATED LATEST REMIC-I-PASS PRINCIPAL-BALANCE POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE --------------------------------------------------------------------------------------------- REMIC I Regular Interest 4.50% $ 85,667,174.00 November 25, 2017 W REMIC I Regular Interest 5.00% $ 205,739,495.76 November 25, 2017 X REMIC I Regular Interest 8.50% $ 12,238,168.00 November 25, 2017 Y REMIC I Regular Interest 0.00% $ 3,527.03 November 25, 2017 Z REMIC I Variable (2) N/A(3) November 25, 2017 IO Regular Interests ___________________
Appears in 1 contract
Sources: 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 (each, a "Class"), which in the aggregate will evidence the entire beneficial ownership interest in each REMIC a trust fund (as defined hereinthe "Trust Fund") to be created hereunder. The Trust Fund , the primary assets of which will consist of a segregated pool of assets consisting of be the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of all of the Mortgage Loans (exclusive of that portion of the interest payments thereon that constitutes Additional Interest) and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Residual Interest will be represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined under federal income tax law, and will be represented by the Class R-I Certificates. As provided herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, Trustee will elect to treat the initial Uncertificated Balance and, solely for purposes segregated pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. For federal income tax purposes, each Class of the Regular Certificates will be designated as a separate "regular interest" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table sets forth the Class or Component designation, the corresponding REMIC I Regular Interest (the "Corresponding REMIC I Regular Interest"), the Corresponding Components of the Class IO Certificates and the Original Class Principal Balance for each Class of Sequential Pay Certificates (the "Corresponding Certificates"). Original Corresponding Original Corresponding Class REMIC I REMIC I Components of Corresponding Principal Regular Principal Class IO Certificates Balance Interests will be certificated.(1) Balance Certificates (1) ------------- --------------- ------------- --------------- ---------------- Class A-4 $471,716,000.00 LA-4-1 $16,160,198.32 IO-A-4-1 LA-4-2 $22,855,801.68 IO-A-4-2 LA-4-3 $19,380,971.91 IO-A-4-3 LA-4-4 $27,411,028.09 IO-A-4-4 LA-4-5 $159,840,829.77 IO-A-4-5 LA-4-6 $226,067,170.23 IO-A-4-6 Class B $32,815,000.00 LB-1 $16,407,500.00 IO-B-1 LB-2 $16,407,500.00 IO-B-2 Class C $10,939,000.00 LC-1 $5,469,500.00 IO-C-1 LC-2 $5,469,500.00 IO-C-2 Class D $28,439,000.00 LD-1 $14,219,500.00 IO-D-1 LD-2 $14,219,500.00 IO-D-2 Class E $8,751,000.00 LE-1 $4,375,500.00 IO-E-1 LE-2 $4,375,500.00 IO-E-2 Class F $10,938,000.00 LF-1 $5,469,000.00 IO-F-1 LF-2 $5,469,000.00 IO-F-2 Class G $15,314,000.00 LG-1 $7,657,000.00 IO-G-1 LG-2 $7,657,000.00 IO-G-2 Class H $13,126,000.00 LH-1 $5,018,500.00 IO-H-1 LH-2 $5,018,500.00 IO-H-2 LH-3 $1,544,500.00 IO-H-3 LH-4 $1,544,500.00 IO-H-4 Class J $16,408,000.00 LJ-1 $1,829,000.00 IO-J-1 LJ-2 $14,579,000.00 IO-J-2 Class K $15,313,000.00 LK-1 $2,618,000.00 IO-K-1 LK-2 $12,695,000.00 IO-K-2 Class L $4,376,000.00 LL $4,376,000.00 IO-L Class M $8,751,000.00 LM $8,751,000.00 IO-M Class N $7,656,000.00 LN $7,656,000.00 IO-N Class O $6,165,000.00 LO $6,165,000.00 IO-O Class P $20,087,992.00 LP $20,087,992.00 IO-P
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Wachovia Commercial Mort Pass Thru Cert Ser 2002-C2)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple twenty-five classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder). The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amountsexclusive of the Reserve Fund) 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 Class R-I Certificates will represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass- Through Rate") and initial Uncertificated Principal Balance for "regular interest" in REMIC I (the "REMIC I Regular Interest"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for the REMIC I Regular Interest shall be the 360th Distribution Date. The REMIC I Regular Interest will not be certificated. Uncertificated REMIC I Uncertificated REMIC I Latest Possible DESIGNATION Pass-Through Rate Principal Balance Maturity Date REMIC I Regular Variable(1) $750,001,297.18 September 25, 2033 Interest A _______________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the Pre-Funding Accounts, REMIC Administrator will make an election to treat the Net WAC Rate Carryover segregated pool of assets consisting of the Group II Loans and certain other related assets (exclusive of the Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestFund) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I.II." The Class R-I Interest II Certificates will be represent the sole class of "residual interests" in REMIC I II for purposes of the REMIC Provisions (as defined herein)under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance II Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity dateregular interest" for each of in REMIC II (the "REMIC I II Regular Interests (as defined hereinInterest"). None of the REMIC I Regular Interests will be certificated.The "latest possible
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classesclasses (each, a "Class"), which in the aggregate will evidence the entire beneficial ownership interest in each REMIC a trust fund (as defined hereinthe "Trust Fund") to be created hereunder. The , the primary assets of which will be the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of all of the Trust Mortgage Loans (exclusive of the Broker Strip, the Excess Servicing Strip and that portion of the interest payments on the Trust Mortgage Loans that constitute Additional Interest) and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Residual Interest will be represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined under federal income tax law, and will be represented by the Class R-I Certificates. As provided herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, Trustee will elect to treat the initial Uncertificated Balance and, solely for purposes segregated pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of all of the REMIC I Regular Interests (as defined herein)a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II". None The Class R-II Certificates will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. For federal income tax purposes, each Class of the Regular Certificates will be designated as a separate "regular interest" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table sets forth: (i) the class designation of each Class of Sequential Pay Certificates; (ii) the Original Class Principal Balance for each Class of Sequential Pay Certificates; (iii) the corresponding REMIC I Regular Interest or REMIC I Regular Interests will be certificated.(each, a "Corresponding REMIC I Regular Interest") for each Class of Sequential Pay Certificates; (iv) the REMIC I Principal Balance of each Corresponding REMIC I Regular Interest; and (v) the corresponding component or components (each, a "Corresponding Component") of the Class X Certificates for each Class of Sequential Pay Certificates. ------------------------------------------------------------------------------------------------------------------------------ Corresponding Class of Corresponding Component of Sequential Pay Original Class REMIC I REMIC I the Class X Certificates Principal Balance Regular Interest Principal Balance Certificates ------------ ----------------- ---------------- ----------------- ------------ ------------------------------------------------------------------------------------------------------------------------------ Class A-1 $ 52,161,616 LA-1-1 $ 2,544,616 X-A-1-1 ------------------------------------------------------------------------------------------------------------------------------ LA-1-2 $ 3,290,000 X-A-1-2 ------------------------------------------------------------------------------------------------------------------------------ LA-1-3 $ 17,261,000 X-A-1-3 ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ Corresponding Class of Corresponding Component of Sequential Pay Original Class REMIC I REMIC I the Class X Certificates Principal Balance Regular Interest Principal Balance Certificates ------------ ----------------- ---------------- ----------------- ------------ ------------------------------------------------------------------------------------------------------------------------------ LA-1-4 $ 29,066,000 X-A-1-4 ------------------------------------------------------------------------------------------------------------------------------ Class A-2 $ 379,800,000 LA-2-1 $ 2,318,000 X-A-2-1 ------------------------------------------------------------------------------------------------------------------------------ LA-2-2 $ 18,687,000 X-A-2-2 ------------------------------------------------------------------------------------------------------------------------------ LA-2-3 $ 18,303,000 X-A-2-3 ------------------------------------------------------------------------------------------------------------------------------ LA-2-4 $ 17,493,000 X-A-2-4 ------------------------------------------------------------------------------------------------------------------------------ LA-2-5 $ 16,989,000 X-A-2-5 ------------------------------------------------------------------------------------------------------------------------------ LA-2-6 $ 206,495,000 X-A-2-6 ------------------------------------------------------------------------------------------------------------------------------ LA-2-7 $ 50,392,000 X-A-2-7 ------------------------------------------------------------------------------------------------------------------------------ LA-2-8 $ 10,754,000 X-A-2-8 ------------------------------------------------------------------------------------------------------------------------------ LA-2-9 $ 12,603,000 X-A-2-9 ------------------------------------------------------------------------------------------------------------------------------ LA-2-10 $ 25,766,000 X-A-2-10 ------------------------------------------------------------------------------------------------------------------------------ Class A-3 $ 65,000,000 LA-3-1 $ 24,470,000 X-A-3-1 ------------------------------------------------------------------------------------------------------------------------------ LA-3-2 $ 40,530,000 X-A-3-2 ------------------------------------------------------------------------------------------------------------------------------ Class A-4 $ 169,657,000 LA-4-1 $ 4,824,000 X-A-4-1 ------------------------------------------------------------------------------------------------------------------------------ LA-4-2 $ 7,710,000 X-A-4-2 ------------------------------------------------------------------------------------------------------------------------------ LA-4-3 $ 157,123,000 X-A-4-3 ------------------------------------------------------------------------------------------------------------------------------ Class A-1A(1) $ 163,804,000 LA-1A-1 $ 616,000 X-A-1A-1 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-2 $ 785,000 X-A-1A-2 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-3 $ 3,531,000 X-A-1A-3 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-4 $ 4,014,000 X-A-1A-4 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-5 $ 3,959,000 X-A-1A-5 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-6 $ 3,892,000 X-A-1A-6 ------------------------------------------------------------------------------------------------------------------------------ -2- ------------------------------------------------------------------------------------------------------------------------------ Corresponding Class of Corresponding Component of Sequential Pay Original Class REMIC I REMIC I the Class X Certificates Principal Balance Regular Interest Principal Balance Certificates ------------ ----------------- ---------------- ----------------- ------------ ------------------------------------------------------------------------------------------------------------------------------ LA-1A-7 $ 3,809,000 X-A-1A-7 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-8 $ 3,698,000 X-A-1A-8 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-9 $ 3,593,000 X-A-1A-9 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-10 $ 30,134,000 X-A-1A-10 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-11 $ 2,621,000 X-A-1A-11 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-12 $ 10,118,000 X-A-1A-12 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-13 $ 2,253,000 X-A-1A-13 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-14 $ 21,449,000 X-A-1A-14 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-15 $ 1,566,000 X-A-1A-15 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-16 $ 67,766,000 X-A-1A-16 ------------------------------------------------------------------------------------------------------------------------------ Class B $ 26,946,000 LB $ 26,946,000 X-B ------------------------------------------------------------------------------------------------------------------------------ Class C $ 11,023,000 LC $ 11,023,000 X-C ------------------------------------------------------------------------------------------------------------------------------ Class D $ 25,721,000 LD-1 $ 2,500,000 X-D-1 ------------------------------------------------------------------------------------------------------------------------------ LD-2 $ 3,208,000 X-D-2 ------------------------------------------------------------------------------------------------------------------------------ LD-3 $ 20,013,000 X-D-3 ------------------------------------------------------------------------------------------------------------------------------ Class E $ 11,024,000 LE-1 $ 146,000 X-E-1 ------------------------------------------------------------------------------------------------------------------------------ LE-2 $ 4,862,000 X-E-2 ------------------------------------------------------------------------------------------------------------------------------ LE-3 $ 4,588,000 X-E-3 ------------------------------------------------------------------------------------------------------------------------------ LE-4 $ 1,428,000 X-E-4 ------------------------------------------------------------------------------------------------------------------------------ Class F $ 13,473,000 LF-1 $ 2,548,000 X-F-1 ------------------------------------------------------------------------------------------------------------------------------ LF-2 $ 5,998,000 X-F-2 ------------------------------------------------------------------------------------------------------------------------------ LF-3 $ 4,927,000 X-F-3 ------------------------------------------------------------------------------------------------------------------------------ -3- ------------------------------------------------------------------------------------------------------------------------------ Corresponding Class of Corresponding Component of Sequential Pay Original Class REMIC I REMIC I the Class X Certificates Principal Balance Regular Interest Principal Balance Certificates ------------ ----------------- ---------------- ----------------- ------------ ------------------------------------------------------------------------------------------------------------------------------ Class G $ 12,248,000 LG-1 $ 6,683,000 X-G-1 ------------------------------------------------------------------------------------------------------------------------------ LG-2 $ 5,565,000 X-G-2 ------------------------------------------------------------------------------------------------------------------------------ Class H $ 11,023,000 LH-1 $ 91,000 X-H-1 ------------------------------------------------------------------------------------------------------------------------------ LH-2 $ 8,968,000 X-H-2 ------------------------------------------------------------------------------------------------------------------------------ LH-3 $ 1,964,000 X-H-3 ------------------------------------------------------------------------------------------------------------------------------ Class J $ 3,675,000 LJ $ 3,675,000 X-J ------------------------------------------------------------------------------------------------------------------------------ Class K $ 4,899,000 LK $ 4,899,000 X-K ------------------------------------------------------------------------------------------------------------------------------ Class L $ 4,899,000 LL-1 $ 4,132,000 X-L-1 ------------------------------------------------------------------------------------------------------------------------------ LL-2 $ 767,000 X-L-2 ------------------------------------------------------------------------------------------------------------------------------ Class M $ 4,899,000 LM $ 4,899,000 X-M ------------------------------------------------------------------------------------------------------------------------------ Class N $ 2,450,000 LN $ 2,450,000 X-N ------------------------------------------------------------------------------------------------------------------------------ Class P $ 3,674,000 LP $ 3,674,000 X-P ------------------------------------------------------------------------------------------------------------------------------ Class Q $ 13,473,705 LQ $ 13,473,705 X-Q ------------------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc Trust 2004-Mkb1)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5-1 Component, Class A-5-2 Component, Class A-5-3 Component, Class A-5-4 Component, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 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 AV REMIC Regular Interests 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. 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 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 Remittance Uncertificated Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. Uncertificated Initial Uncertificated Latest Designation Pass-Through Rate Principal Balance Possible Maturity(1) ____________________________________________________________________________________________ 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
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates 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 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 I-A Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates, Class III-A Certificates, Class IV-A Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates and Class B-3 Certificates, 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. 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 Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated. INITIAL UNCERTIFICATED UNCERTIFICATED ---------------- LATEST REMIC I PRINCIPAL POSSIBLE DESIGNATION PASS-THROUGH RATE BALANCE MATURITY(1) Uncertificated REMIC I Regular Variable(2) $ 734.82 August 25, 2035 Interest I-A Uncertificated REMIC I Regular Variable(2) $ 17,499.95 August 25, 2035 Interest I-B Uncertificated REMIC I Regular Variable(2) $ 1,051.32 August 25, 2035 Interest II-A Uncertificated REMIC I Regular Variable(2) $ 25,019.22 August 25, 2035 Interest II-B Uncertificated REMIC I Regular Variable(2) $ 524.95 August 25, 2035 Interest III-A Uncertificated REMIC I Regular Variable(2) $ 12,502.75 August 25, 2035 Interest III-B Uncertificated REMIC I Regular Variable(2) $ 524.95 August 25, 2035 Interest IV-A Uncertificated REMIC I Regular Variable(2) $ 12,500.45 August 25, 2035 Interest IV-B Uncertificated REMIC I Regular Variable(2) $675,153,022.33 August 25, 2035 Interest ZZZ Uncertificated REMIC I Regular Variable(2) $ 200.00 August 25, 2035 Interest R-II _______________________ (1) For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each Uncertificated REMIC I Regular Interest.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2005-Sa3 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans Trust Fund, and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund, the Yield Maintenance Agreement and any payments thereunder and the Reserve Fund), as a REMIC real estate mortgage investment conduit (the "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes A segregated pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None of the Uncertificated REMIC I Regular Interests will be certificated.designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-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-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 REMIC II Regular Interests Z 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. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC II 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 sets forth the designation, type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and certain features for each Class of Certificates comprising the interests in the Trust Fund created hereunder. AGGREGATE INITIAL CERTIFICATE MOODY'S/ DESIGNATION RATE BALANCE FEATURES(1) DATE POOR'S/FITCH DENOMINATIONS(2) Class A-1 6.00% $35,058,000 Senior/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-2(3) 6.00% $2,942,000 Senior/Retail/Fixed Rate February 2037 NA/AAA/AAA $1,000.00 Class A-3 6.00% $50,000,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-4 6.00% $65,000,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-5 6.00% $38,348,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Variable Super Senior/Floater/ Class A-6 (3) Rate $125,425,000 Companion/Fixed Rate February 2037 Aaa/AAA/AAA $100,000.00 Variable Senior/Inverse Floater/ Class A-7 Rate Notional Interest Only/Fixed Rate February 2037 NA/AAA/AAA $1,000,000.00 Class A-8 6.00% $10,973,000 Senior/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-9 6.00% $44,688,000 Senior/Lockout/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-10 6.00% $2,530,000 Senior Support/Lockout/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-11 5.75% $45,517,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Variable Class A-12 Rate Notional Senior/PAC/Interest Only/Fixed Rate February 2037 NA/AAA/AAA $1,000,000.00 Class A-13 6.00% $27,978,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-14 6.00% $2,530,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-P 0.00% $3,491,259 Senior/Principal Only February 2037 NA/AAA/AAA $100,000.00 Variable Class A-V Rate Notional Senior/Interest Only/Variable Rate February 2037 NA/AAA/AAA $2,000,000.00 Class R-I 6.00% $100.00 Senior/Residual/Fixed Rate February 2037 NA/AAA/AAA (4) Class R-II 6.00% $100.00 Senior/Residual/Fixed Rate February 2037 NA/AAA/AAA (4) Class M-1 6.00% $9,444,500 Mezzanine/Fixed Rate February 2037 NA/NA/AA $100,000.00 Class M-2 6.00% $3,069,200 Mezzanine/Fixed Rate February 2037 NA/NA/A $250,000.00 Class M-3 6.00% $2,361,000 Mezzanine/Fixed Rate February 2037 NA/NA/BBB $250,000.00 Class B-1 6.00% $944,400 Subordinate/Fixed Rate February 2037 NA/NA/BB $250,000.00 Class B-2 6.00% $944,300 Subordinate/Fixed Rate February 2037 NA/NA/B $250,000.00 Class B-3 6.00% $944,453 Subordinate/Fixed Rate February 2037 NA/NA/NA $250,000.00 _________________________
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2007-S2 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A-1 Certificates, Class I-A-2 Certificates, Class I-A-3 Certificates, Class I-A-4 Certificates, Class I-A-5 Certificates, Class I-A-6 Certificates, Class I-A-7 Certificates, Class I-A-P Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates, Class II-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 I-A-V REMIC Regular Interests and Uncertificated Class II-A-V REMIC Regular Interests 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. The Class I-A-V and Class II-A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class I-A-V REMIC Regular Interests and the Uncertificated Class II-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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. Uncertificated Initial Uncertificated Latest --REMIC-I-Pass Principal-Balance Possible-Maturity(1) Designation Through Rate Uncertificated REMIC I 6.75% $56,789,000.00 June 25, 2031 Regular Interest Q Uncertificated REMIC I 6.75% $10,000,000.00 June 25, 2031 Regular Interest R Uncertificated REMIC I 6.75% $57,531,595.59 June 25, 2031 Regular Interest S Uncertificated REMIC I 6.75% $57,039,000.00 June 25, 2031 Regular Interest T Uncertificated REMIC I 0.00% $1,343,404.41 June 25, 2031 Regular Interest V Uncertificated REMIC I 6.75% $167,552,000.00 June 25, 2031 Regular Interest W Uncertificated REMIC I 6.75% $11,796,680.14 June 25, 2031 Regular Interest X Uncertificated REMIC I 0.00% $446,458.18 June 25, 2031 Regular Interest Y Uncertificated REMIC I 0.00% $443,132.01 June 25, 2031 Regular Interest Z Uncertificated REMIC I Variable (2) N/A(3) June 25, 2031 Group I IO Regular Interests Uncertificated REMIC I Variable (2) N/A(3) June 25, 2031 Group II IO Regular Interests
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classeseleven Classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account Yield Maintenance Agreement and any Subsequent Mortgage Loan Interestpayments thereunder) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, solely for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated.. INITIAL UNCERTIFICATED UNCERTIFICATED REMIC I REMIC I LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE ------------ ---------------------- ---------------------- --------------- AA (1) $282,854,344.90 September 2045 A-2 (1) $682,350.00 September 2045 A-3 (1) $138,590.00 September 2045 M-1 (1) $210,690.00 September 2045 M-2 (1) $171,730.00 September 2045 M-3 (1) $89,470.00 September 2045 M-4 (1) $41,850.00 September 2045
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RAMP Series 2006-Sp1 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 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-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. UNCERTIFICATED INITIAL UNCERTIFICATED LATEST -REMIC-I-PASS---------PRINCIPAL-BALANCE------POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE REMIC I Regular Interest 6.25% $ 190,813,528.00 September 25, 2032 V REMIC I Regular Interest 5.40% $ 37,709,000.00 September 25, 2032 W REMIC I Regular Interest 8.50% $ 29,801,000.00 September 25, 2032 X REMIC I Regular Interest 5.55% $ 50,000,000.00 September 25, 2032 Y REMIC I Regular Interest 0% $ 1,794,659.36 September 25, 2032 Z REMIC I Variable (2) N/A(3) September 25, 2032 IO Regular Interests -------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class III-A-1 Certificates, Class III-A-2 Certificates, Class III-A-3 Certificates, Class IV-A Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates 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. 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 this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2007 SA3 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Rounding Account, the Reserve Fund and the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-3A Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-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-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-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. DESIGNATION Uncertificated REMIInitial Uncertificated Latest I Pass-Through Rate Principal Balance Possible Maturity(1) REMIC I Regular Interest T$ 122,060,928.13 5.75% March 25, 2033 REMIC I Regular Interest $ 18,181,818.00 8.50% March 25, 2033 REMIC I Regular Interest $ 40,000,000.00 4.50% March 25, 2033 REMIC I Regular Interest $ 74,799,662.00 8.00% March 25, 2033 REMIC I Regular Interest X$ 138,299,238.00 4.5330790651% March 25, 2033 REMIC I Regular Interest $ 16,975,000.00 5.75% March 25, 2033 REMIC I Regular Interest$Z 2,504,595.10 0.00% March 25, 2033 REMIC I (2) (3) March 25, 2033 IO Regular Interests ___________________
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans Trust Fund, and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (the "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as "REMIC I." The Uncertificated REMIC Regular I Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes A segregated pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None of the Uncertificated REMIC I Regular Interests will be certificated.designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class 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 and the Uncertificated REMIC II Regular Interests Z 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. 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 sets forth the designation, type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and certain features for each Class of Certificates comprising the interests in the Trust Fund created hereunder. Aggregate Initial Certificate Pass-Through Principal Maturity Minimum Designation Rate Balance Features(1) Date S&P/Fitch Denominations(2) Senior/TAC/Accretion Class A-1 6.00% $77,887,000 Directed/Fixed Rate April 2036 AAA/AAA $100,000.00 Class A-2 6.00% $40,000,000 Senior/PAC/Fixed Rate April 2036 AAA/AAA $100,000.00 Class A-3 5.50% $94,464,000 Senior/PAC/Fixed Rate April 2036 AAA/AAA $100,000.00 Class A-4 6.00% Notional Senior/Interest Only/PAC/Fixed Rate April 2036 AAA/AAA $1,000,000.00 Class A-5 6.00% $40,487,000 Senior/PAC/Fixed Rate April 2036 AAA/AAA $100,000.00 Class A-6 6.00% $4,635,000 Senior/PAC/Fixed Rate April 2036 AAA/AAA $100,000.00 Class A-7 6.00% $30,300,000 Super Senior/Lockout/Fixed Rate April 2036 AAA/AAA $100,000.00 $9,494,000 Senior/Companion/ Class A-8 6.00% Accrual/Fixed Rate April 2036 AAA/AAA $100,000.00 $1,997,000 Senior/TAC/Accrual/Accretion Class A-9 6.00% Directed/Fixed Rate April 2036 AAA/AAA $100,000.00 $1,092,000 Senior Support/Lockout/ Fixed Class A-10 6.00% Rate April 2036 AAA/AAA $100,000.00 Class A-P 0.00% $2,574,100 Senior/Principal Only April 2036 AAA/AAA $100,000.00 Variable Notional Senior/Interest Only/Variable Class A-V Rate(3) Rate April 2036 AAA/AAA $2,000,000.00 Class R-I 6.00% $50.00 Senior/Residual/Fixed Rate April 2036 AAA/AAA (4) Class R-II 6.00% $50.00 Senior/Residual/Fixed Rate April 2036 AAA/AAA (4) Class M-1 6.00% $5,964,500 Mezzanine/Fixed Rate April 2036 NA/AA $100,000.00 Class M-2 6.00% $1,883,600 Mezzanine/Fixed Rate April 2036 NA/A $250,000.00 Class M-3 6.00% $1,255,700 Mezzanine/Fixed Rate April 2036 NA/BBB $250,000.00 Class B-1 6.00% $627,900 Subordinate/Fixed Rate April 2036 NA/BB $250,000.00 Class B-2 6.00% $627,900 Subordinate/Fixed Rate April 2036 NA/B $250,000.00 Class B-3 6.00% $627,918 Subordinate/Fixed Rate April 2036 NA/NA $250,000.00
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2006-S4 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A-1 Certificates, Class I-A-2 Certificates, Class I-A-3 Certificates, Class II-A Certificates, Class III-A Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates 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. 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 Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. INITIAL UNCERTIFICATED REMIC I UNCERTIFICATED LATEST DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE POSSIBLE MATURITY(1) Uncertificated REMIC I Regular Variable(2) $ 263.21 February 25, 2035 Interest I-A Uncertificated REMIC I Regular Variable(2) $ 7,519.21 February 25, 2035 Interest I-B Uncertificated REMIC I Regular Variable(2) $ 262.55 February 25, 2035 Interest II-A Uncertificated REMIC I Regular Variable(2) $ 7,500.16 February 25, 2035 Interest II-B Uncertificated REMIC I Regular Variable(2) $ 507.65 February 25, 2035 Interest III-A Uncertificated REMIC I Regular Variable(2) $ 14,502.35 February 25, 2035 Interest III-B Uncertificated REMIC I Regular Variable(2) $295,186,507.17 February 25, 2035 Interest ZZZ Uncertificated REMIC I Regular Variable(2) $ 50.00 February 25, 2035 Interest R-II
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2005-Sa1 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates, Class III-A Certificates, Class IV-A Certificates, Class V-A Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates 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. 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 this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. INITIAL UNCERTIFICATED UNCERTIFICATED REMIC --------------------- LATEST DESIGNATION I PASS-THROUGH RATE PRINCIPAL BALANCE POSSIBLE MATURITY(1) Uncertificated REMIC I Regular Interest I-A Variable (2) $ 110.14 April 27, 2037 Uncertificated REMIC I Regular Interest I-B Variable (2) $ 2,294.44 April 27, 2037 Uncertificated REMIC I Regular Interest II-A Variable (2) $ 1,112.24 April 27, 2037 Uncertificated REMIC I Regular Interest II-B Variable (2) $ 23,170.58 April 27, 2037 Uncertificated REMIC I Regular Interest III-A Variable (2) $ 160.27 April 27, 2037 Uncertificated REMIC I Regular Interest III-B Variable (2) $ 3,338.87 April 27, 2037 Uncertificated REMIC I Regular Interest IV-A Variable (2) $ 326.63 April 27, 2037 Uncertificated REMIC I Regular Interest IV-B Variable (2) $ 6,802.23 April 27, 2037 Uncertificated REMIC I Regular Interest V-A Variable (2) $ 139.33 April 27, 2037 Uncertificated REMIC I Regular Interest V-B Variable (2) $ 2,902.23 April 27, 2037 Uncertificated REMIC I Regular Interest ZZZ Variable (2) $385,041,886.04 April 27, 2037 Uncertificated REMIC I Regular Interest R-II Variable (2) $ 50.00 April 27, 2037
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2007-Sa2 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans Trust Fund, and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund, the Yield Maintenance Agreement and any payments thereunder and the Reserve Fund and any payments therefrom), as a REMIC real estate mortgage investment conduit (the "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as "REMIC I." The Uncertificated REMIC Regular I Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes A segregated pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None of the Uncertificated REMIC I Regular Interests will be certificated.designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11, Class A-12, 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 REMIC II Regular Interests Z 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. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC II 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 sets forth the designation, type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and certain features for each Class of Certificates comprising the interests in the Trust Fund created hereunder. Aggregate Initial Certificate Pass-Through Principal Maturity Minimum Designation Rate Balance Features(1) Date Moody's/S&P/Fitch Denominations(2) Class A-1 6.25% $42,573,000 Super Senior/Lockout/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Class A-2 6.25% $1,659,000 Senior Support/Lockout/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Class A-3 5.75% $108,945,000 Senior/PAC/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Class A-4 5.75% $34,965,000 Senior/PAC/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Senior/TAC/Accretion Class A-5 6.25% September 2036 Aaa/AAA/AAA $100,000.00 $78,921,000 Directed/Fixed Rate Class A-6 6.25% Senior/Accrual/Accretion September 2036 Aaa/AAA/AAA $100,000.00 $5,038,000 Directed/Companion/Fixed Rate Class A-7 6.25% $100,000 Senior/Accrual/Companion/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Class A-8(3) Variable Senior/Floater/Adjustable Rate September 2036 Aaa/AAA/AAA $100,000.00 Rate $53,500,000 Class A-9(3) Variable Senior/Inverse Floater/ September 2036 Aaa/AAA/AAA $1,000,000.00 Rate Notional Interest Only/Adjustable Rate Class A-10 6.25% $80,677,000 Senior/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Class A-11 6.25% $19,147,000 Senior/Retail/Fixed Rate September 2036 Aaa/AAA/AAA $1,000.00 Class A-12(4) 6.25% Notional Senior/PAC/Interest Only/Fixed Rate September 2036 Aaa/AAA/AAA $1,000,000.00 Class A-P 0.00% $205,694 Senior/Principal Only September 2036 Aaa/AAA/AAA $100,000.00 Class A-V Variable Notional Senior/Interest Only/Variable September 2036 Aaa/AAA/AAA $2,000,000.00 Rate Rate Class R-I 6.25% $100.00 Senior/Residual/Fixed Rate September 2036 Aaa/AAA/AAA (5) Class R-II 6.25% $100.00 Senior/Residual/Fixed Rate September 2036 Aaa/AAA/AAA (4) Class M-1 6.25% $9,509,800 Mezzanine/Fixed Rate September 2036 NA/NA/AA $100,000.00 Class M-2 6.25% $2,653,900 Mezzanine/Fixed Rate September 2036 NA/NA/A $250,000.00 Class M-3 6.25% $1,769,300 Mezzanine/Fixed Rate September 2036 NA/NA/BBB $250,000.00 Class B-1 6.25% $884,600 Subordinate/Fixed Rate September 2036 NA/NA/BB $250,000.00 Class B-2 6.25% $884,700 Subordinate/Fixed Rate September 2036 NA/NA/B $250,000.00 Class B-3 6.25% $884,651 Subordinate/Fixed Rate September 2036 NA/NA/NA $250,000.00
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2006-S9 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class III-A-1 Certificates, Class III-A-2 Certificates, Class III-A-3 Certificates, Class IV-A Certificates, Class V-A Certificates, Class VI-A-1 Certificates, Class VI-A-2 Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class M-4 Certificates, Class B-1 Certificates, Class B-2 Certificates 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. 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 Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. INITIAL UNCERTIFICATED UNCERTIFICATED REMIC I -------------------- LATEST DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE POSSIBLE MATURITY(1) Uncertificated REMIC I Regular Variable(2) $ 278.60 June 25, 2035 Interest I-A Uncertificated REMIC I Regular Variable(2) $ 6,330.60 June 25, 2035 Interest I-B Uncertificated REMIC I Regular Variable(2) $ 823.09 June 25, 2035 Interest II-A Uncertificated REMIC I Regular Variable(2) $ 18,696.09 June 25, 2035 Interest II-B Uncertificated REMIC I Regular Variable(2) $ 440.39 June 25, 2035 Interest III-A Uncertificated REMIC I Regular Variable(2) $ 10,018.39 June 25, 2035 Interest III-B Uncertificated REMIC I Regular Variable(2) $ 155.29 June 25, 2035 Interest IV-A Uncertificated REMIC I Regular Variable(2) $ 3,531.31 June 25, 2035 Interest IV-B Uncertificated REMIC I Regular Variable(2) $ 228.74 June 25, 2035 Interest V-A Uncertificated REMIC I Regular Variable(2) $ 5,195.74 June 25, 2035 Interest V-B Uncertificated REMIC I Regular Variable(2) $ 277.30 June 25, 2035 Interest VI-A Uncertificated REMIC I Regular Variable(2) $ 6,304.80 June 25, 2035 Interest VI-B Uncertificated REMIC I Regular Variable(2) $500,716,936.66 June 25, 2035 Interest ZZZ Uncertificated REMIC I Regular Variable(2) $ 100.00 June 25, 2035 Interest R-II
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2005-Sa2 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 each REMIC (as defined herein) created hereunder. The the Trust Fund Fund, the assets of which will consist of a segregated pool of assets consisting primarily of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee Master Servicer will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement described herein as a REMIC "real estate mortgage investment conduit" 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 Interest Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes federal income tax purposes. As provided herein, the Master Servicer will make an election to treat the assets consisting of the Group II Loans and certain other related assets described herein as a "real estate mortgage investment conduit" for federal income tax purposes and such pool of assets will be designated as "REMIC Provisions (as defined herein)II." The REMIC II Regular Interests will be the "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interest" in REMIC II for federal income tax purposes. The following table irrevocably sets forth Master Servicer will make an election to treat the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None of and the REMIC I II Regular Interests as a "real estate mortgage investment conduit" for federal income tax purposes and such pool of assets will be certificateddesignated as "REMIC III." The Class A, Class X, Class PO, Class M and Class B Certificates will represent "regular interests" in REMIC III and the Class R-III Certificate will represent the sole class of "residual interest" in REMIC III for federal income tax purposes. The following table sets forth the designation, type, initial Pass-Through Rate, aggregate Initial Certificate Principal Balance, Last Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests in the Trust Fund created hereunder.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Ba Mortgage Securities Inc Mort Ps THR Cert Ser 1998-4)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classestwelve Classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amountsexclusive of the Yield Maintenance Agreement, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Supplemental Interest Coverage Accounts, the Initial Deposit Trust Account and the Swap Agreement and any Subsequent Mortgage Loan Interestpayments thereunder) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, solely for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RAAC Series 2006-Sp3 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classesseventeen classes (each, a "Class"), which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Trust Fund (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets ), consisting primarily of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement(each, as defined herein). As provided herein, the Trustee will elect make an election to treat the entire segregated pool of assets consisting described in the definition of REMIC I (as defined herein) and subject to this Agreement (including the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, but excluding the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, Accounts and the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC 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 Uncertificated REMIC I Regular Interests (as defined herein) will be "regular interests" in REMIC I and the Class R-I Interest 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. The Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as described herein) for federal income tax purposes. The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated.. REMIC I Initial Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date(1) ----------- --------------- ---------------------- ---------------- LT-AY Variable(2) $ 262,350,000.00 A▇▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇-▇▇ Variable(2) $ 29,150,000.00 August 25, 2027 LT-FY Variable(2) $ 75,150,000.00 August 25, 2027 LT-FZ Variable(2) $ 8,350,000.00 August 25, 2027 -----------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Southern Pacific Secured Assets Corp)
PRELIMINARY STATEMENT. The Depositor Company 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 each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect make, in accordance with Section 10.01, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest 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 10.01, a separate REMIC election with respect thereto. The Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class M-1, Class M-X, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated.. Uncertificated REMIC I Initial Uncertificated Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date(1) ----------- ----------------- ----------------- ---------------- Uncertificated REMIC I 9.00% $80,115,000.00 April 25, 2030 Regular Interest N Uncertificated REMIC I 9.00% $124,150,000.00 April 25, 2030 Regular Interest O Uncertificated REMIC I 9.00% $2,410,000.00 April 25, 2030 Regular Interest P Uncertificated REMIC I 9.00% $25,000,000.00 April 25, 2030 Regular Interest Q Uncertificated REMIC I 9.00% $19,000,000.00 April 25, 2030 Regular Interest R Uncertificated REMIC I 0.00% $2,418,208.00 April 25, 2030 Regular Interest S Uncertificated REMIC I 9.00% $100.00 April 25, 2030 Regular Interest T Uncertificated REMIC I 9.00% $11,310,000.00 April 25, 2030 Regular Interest U Uncertificated REMIC I 9.00% $4,965,000.00 April 25, 2030 Regular Interest W REMIC I Regular Interest X 9.00% $2,345,000.00 April 25, 2030 REMIC I Regular Interest Y 9.00% $4,138,169.15 April 25, 2030 REMIC I IO Regular Interest Variable(2) $(3) April 25, 2030 -----------------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Impac Secured Assets Corp)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple ten classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC a trust fund (the "Trust Fund") consisting primarily of the Mortgage Loans (as defined herein) created hereunder). The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell 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 each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting comprising of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts Loans and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master the Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestAmount) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.. REMIC I Regular Initial Uncertificated Latest Possible Interest REMIC I Remittrance Rate Principal Balance Maturity Date(1) --------------- ------------------------ ---------------------- ---------------- I-LT1 Variable(2) I-LT4 Variable(2) I-LT5 Variable(2) I-LT6 Variable(2) I-LT7 Variable(2) I-LT8 Variable(2) I-LT9 Variable(2) I-LTP (3) -----------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Securities Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Reserve Fund and the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-3A Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-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-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. UNCERTIFICATED INITIAL UNCERTIFICATED LATEST -REMIC-I-PASS PRINCIPAL-BALANCE POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE ----------------------------------------------------------------------------- REMIC I Regular Interest 6.50% $ 248,492,451.40 May 25, 2032 U REMIC I 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) N/A(3) May 25, 2032 IO Regular Interests ___________________
Appears in 1 contract
Sources: 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 classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement Agreement, as a REMIC 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 Interest 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 REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A, Class II-A-1, Class II-A-2, Class II-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. The following table irrevocably sets forth the designation, the REMIC I Remittance Pass-Through Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interest. None of the The REMIC I Regular Interests will not be certificated.. Initial REMIC I REMIC I Uncertificated Latest Possible Regular Interest Designation Pass-Through Rate Principal Balance Maturity Date(1) --------------------------------------------------------------------------------------- I-A Variable (2) $ 1,329.22 August 25, 2034 I-B Variable (2) $ 37,975.92 August 25, 2034 II-A Variable (2) $ 198.15 August 25, 2034 II-B Variable (2) $ 5,658.65 August 25, 2034 ZZZ Variable (2) $436,300,539.39 August 25, 2034
Appears in 1 contract
Sources: Pooling and Servicing Agreement (MERRILL LYNCH MORT INV INC MLMI Series 2004-A2)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the "Certificates")certificates, to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunderbelow). The Trust Fund Mortgage Loans will consist be serviced pursuant to the terms hereof. The Depositor hereby assigns to the Trustee, acting on behalf of a segregated pool of assets consisting of the Certificateholders, its interests and rights in the Mortgage Loans, including with respect to the Pre-Funding Accounts and Canadian Loan (as defined below) the Interest Coverage Accounts and certain other related assets subject to this AgreementForeign Currency Exchange Contract (as defined below). As provided herein, the Trustee will elect to treat that the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC (including, without limitation, the Mortgage Loans) be treated for federal income tax purposes, purposes as a real estate mortgage investment conduit (a "REMIC") and such segregated pool of assets will be designated as "REMIC I.I". One hundred sixty-five partial undivided beneficial ownership interests in each of the Mortgage Loans (the "REMIC I Uncertificated Classes") will be designated as the "regular interests" The in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I I, for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. A segregated pool of assets consisting of the REMIC I Uncertificated Classes will be designated as "REMIC II" and the Trustee will make a separate REMIC election with respect thereto. Sixteen partial undivided beneficial ownership interests in REMIC II (the "REMIC II Uncertificated Classes") will be designated as the "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II, for purposes of the REMIC Provisions under federal income tax laws. Each of the REMIC II Uncertificated Classes, except for Uncertificated Interests IIIA and IIIB, will be allocated distributions of principal and Realized Losses on each Distribution Date in an amount equal to the aggregate amount of principal distributions and Realized Losses allocated to the related Class of Certificates. In addition, each of the REMIC II Uncertificated Classes, except for Uncertificated Interests IIIA and IIIB, will be allocated distributions on interest in the same order of priority as the related Class of Certificates. For purposes of the preceding two sentences, each REMIC II Uncertificated Class will be deemed related to the Class of Certificates referenced in the definition thereof. On each Distribution Date, (i) Uncertificated Interest IIIA will be allocated all payments of principal allocated to the Class A3 Certificate until retired, and all additional principal paid to the Class A3 Certificates will be allocated to Uncertificated Interest IIIB, (ii) Uncertificated Interest IIIB will be allocated all Realized Losses allocated to the Class A3 Certificate until eliminated, and all additional Realized Losses allocated to the Class A3 Certificates will be allocated to Uncertificated Interest IIIA. Each of Uncertificated Interests IIIA and IIIB will be allocated interest allocable to the Class A3 Certificates pro rata based upon their principal balance as of the immediately preceding Distribution Date. A segregated pool of assets consisting of the REMIC II Uncertificated Classes will be designated as "REMIC III" and the Trustee will make a separate REMIC election with respect thereto. The Class A1, Class A2, Class A3, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class NR, Certificates and each of the Class X Components will be designated as the "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 under federal income tax law. The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Pass-Through Rate and Original Class Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each Class of Certificates comprising the REMIC interests in the Trust Fund created hereunder. Initial Class Designation Pass-Through Rate Original Class Balance ----------------- ----------------- ---------------------- Class A1 5.2880% $50,000,000 Class A2 6.0010% $132,000,000 Class A3 6.2600% $607,020,000 Class B 6.4460% $43,129,000 Class C 6.6330% $40,593,000 Class D 6.7510% $12,685,000 Class E 7.2535%(1) $25,371,000 Class F 7.7225%(2) $13,953,000 Class X1 1.0912%(3) $1,014,816,337(4) Class X2 1.5305%(3) $596,778,000(4) Class G 5.7750% $29,176,000 Class H 5.7750% $10,149,000 Class J 5.7750% $7,611,000 Class K 5.7750% $12,685,000 Class L 5.7750% $5,074,000 Class M 5.7750% $5,074,000 Class NR 5.7750% $20,296,337 Class R-I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.NA NA Class R-II NA NA Class R-III NA NA ----------------------------------------------------------------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Jp Morgan Chase Commercial Mortgage Securities 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 each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect cause an election to be made to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans and certain other related assets REMIC I (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interestas defined herein) subject to this Agreement (including the Mortgage Loans) as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests (as defined herein) will be "regular interests in REMIC I and the Class R-I Interest Certificates will be represent ownership of the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes A segregated pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None of the Uncertificated REMIC I Regular Interests will be certificated.designated as "REMIC II", and the Trustee will make a separate REMIC election with respect thereto. The Class SA Certificates, Class SP Certificates, the Class A-1 Certificates, the Class A- 2 Certificates, Class P Certificates, the Class B Certificates and the Class SB Certificates, will be the "regular interests" in REMIC II, and the Class R-II Certificates will represent ownership of the sole Class of "residual interests" in REMIC II. The following table sets forth the designation, initial Pass-Through Rate, aggregate Initial Certificate Principal Balance (as defined herein), and the initial percentage for each Class of Certificates comprising the certificated interests in the Trust Fund created hereunder. Aggregate Initial Initial Certificate Approximate Pass-Through Principal Initial Class Designation Type Rate Balance Percentage ___________ ____ ____________ _________________ _____________ Class SA Senior 2.527% N/A N/A Class SP Senior 0.000% N/A N/A Class A-1 Senior 6.50% $51,805,859.00 82.24% Class A-2 Senior 6.50% $7,248,574.00 11.51% Class P Principal Only 0.00% $37,207.00 N/A Class B Subordinate 6.50% $3,939,443.44 6.25% Class SB Subordinate 1.250% N/A N/A Class R-I Residual N/A N/A N/A Class R-II Residual 6.50% $0.00 0.00% As of the Cut-off Date, the Mortgage Loans have an aggregate Stated Principal Balance equal to $63,031,083.44. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer and the Trustee agree as follows:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (DLJ Mortgage Acceptance Corp Mort Pass THR Cert Ser 1995 Q7)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans Trust Fund, and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Yield Maintenance Agreement and any payments thereunder and the Reserve Fund and any payments therefrom), as a REMIC real estate mortgage investment conduit (the "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes A segregated pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None of the Uncertificated REMIC I Regular Interests will be certificated.designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-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, 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 REMIC II Regular Interests Z 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. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC II 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 sets forth the designation, type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and certain features for each Class of Certificates comprising the interests in the Trust Fund created hereunder. AGGREGATE INITIAL MOODY'S/ DESIGNATION ▇▇▇▇ PRINCIPAL BALANCE FEATURES(1) DATE POOR'S/FITCH DENOMINATIONS(2) Class A-1 6.000% $30,000,000 Super Senior/Lockout/Fixed Rate April 2037 Aaa/AAA/AAA $100,000.00 Class A-2 6.000% $74,404,000 Senior/Fixed Rate April 2037 Aaa/AAA/AAA $100,000.00 Class A-3 6.000% $11,360,000 Super Senior/Retail/Fixed Rate April 2037 Aaa/AAA/AAA $1,000.00 Class A-4 5.375% $90,360,000 Senior/PAC/Fixed Rate April 2037 Aaa/AAA/AAA $100,000.00 Super Senior/TAC/Floater/ Class A-5(3) 6.000% $60,860,000 Accretion Directed/Adjustable Rate April 2037 Aaa/AAA/AAA $100,000.00 Senior/PAC/Interest Only/Exchangeable(4)/Fixed Class A-6 6.000% Notional Rate April 2037 Aaa/AAA/AAA $1,000,000.00 Senior/Companion/Accrual/ Class A-7 6.000% $400,000 Accretion Directed/Fixed Rate April 2037 Aaa/AAA/AAA $100,000.00 Senior/Companion/ Class A-8 6.000% $10,000 Accrual/Fixed Rate April 2037 Aaa/AAA/AAA $10,000.00 Super Senior/PAC/ Class A-9 5.500% $26,184,000 Exchangeable(4)/Fixed Rate April 2037 Aaa/AAA/AAA $100,000.00 Class A-10 6.000% $2,987,000 Senior/PAC/Fixed Rate April 2037 Aaa/AAA/AAA $100,000.00 Class A-11 6.000% $4,226,000 Senior Support/Lockout/Fixed Rate April 2037 Aa1/AAA/AAA $100,000.00 Super Senior/PAC/Interest Only/ Class A-12 6.000% Notional Exchangeable(4)/Fixed Rate April 2037 Aaa/AAA/AAA $1,000,000.00 Super Senior/PAC/ Class A-13 5.750% $26,184,000 Exchanged(4)/Fixed Rate April 2037 Aaa/AAA/AAA $100,000.00 Super Senior/PAC/ Class A-14 6.000% $26,184,000 Exchanged(4)/Fixed Rate April 2037 Aaa/AAA/AAA $100,000.00 Super Senior/PAC/ Class A-15 6.000% Notional Interest Only/Exchanged(4)/Fixed Rate April 2036 Aaa/AAA/AAA $1,000,000.00 Class A-P 0.00% $1,888,852 Senior/Principal Only April 2037 Aaa/AAA/AAA $100,000.00 Class A-V Variable Rate Notional Senior/Interest Only/Variable Rate April 2037 Aaa/AAA/AAA $2,000,000.00 Class R-I 6.00% $100.00 Senior/Residual/Fixed Rate April 2037 Aaa/AAA/AAA (5) Class R-II 6.00% $100.00 Senior/Residual/Fixed Rate April 2037 Aaa/AAA/AAA (5) Class M-1 6.00% $6,761,700 Mezzanine/Fixed Rate April 2037 NA/NA/AA $100,000.00 Class M-2 6.00% $1,886,800 Mezzanine/Fixed Rate April 2037 NA/NA/A $250,000.00 Class M-3 6.00% $1,257,900 Mezzanine/Fixed Rate April 2037 NA/NA/BBB $250,000.00 Class B-1 6.00% $629,000 Subordinate/Fixed Rate April 2037 NA/NA/BB $250,000.00 Class B-2 6.00% $628,900 Subordinate/Fixed Rate April 2037 NA/NA/B $250,000.00 Class B-3 6.00% $628,998 Subordinate/Fixed Rate April 2037 NA/NA/NA $250,000.00 ______________________________
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2007-S4 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classeseighteen Classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Swap Account and any Subsequent Mortgage Loan Interestthe Swap Agreement) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, solely for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated.. UNCERTIFICATED REMIC I UNCERTIFICATED LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-I-A (Group I Loans) (1) (2) January 2036 LT-I-B (Group I Loans) (1) (2) January 2036 LT-II-A (Group II Loans) (1) (2) January 2036 LT-II-B (Group II Loans) (1) (2) January 2036
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RAMP Series 2006-Rs1 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the "Certificates")certificates, to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunderbelow). The Trust Fund Mortgage Loans will consist be serviced pursuant to the terms hereof. The Depositor hereby assigns to the Trustee, acting on behalf of a segregated pool of assets consisting of the Certificateholders, its interests and rights in the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat that the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC (including, without limitation, the Mortgage Loans) be treated for federal income tax purposes, purposes as a real estate mortgage investment conduit (a "REMIC") and such segregated pool of assets will be designated as "REMIC I." The Two hundred and sixty-nine partial undivided beneficial ownership interests in each of the Mortgage Loans (the "REMIC I Uncertificated Classes"), will be designated as the "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I I, for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. A segregated pool of assets consisting of the REMIC I Uncertificated Classes will be designated as "REMIC II" and the Trustee will make a separate REMIC election with respect thereto. Eleven partial undivided beneficial ownership interests in REMIC II (the "REMIC II Uncertificated Classes") will be designated as the "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II, for purposes of the REMIC Provisions under federal income tax laws. A segregated pool of assets consisting of the REMIC II Uncertificated Classes will be designated as "REMIC III" and the Trustee will make a separate REMIC election with respect thereto. The Class A1, Class A2, Class A3, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class NR-I and Class NR-P Certificates and each of the Class X Components will be designated as the "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 under federal income tax law. The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Pass-Through Rate and Original Class Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each Class of Certificates comprising the REMIC I Regular Interests (as defined herein). None of interests in the REMIC I Regular Interests will be certificatedTrust Fund created hereunder.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan J P Commercial Mortgage Finance Corp)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A-1 Certificates, Class I-A-2 Certificates, Class I-A-3 Certificates, Class I-A-4 Certificates, Class I-A-5 Certificates, Class I-A-6 Certificates, Class I-A-7 Certificates, Class I-A-8 Certificates, Class I-A-P Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates, Class II- A-4 Certificates, Class II-A-5 Certificates, Class II-A-6 Certificates, Class II-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 I-A-V REMIC Regular Interests and Uncertificated Class II-A-V REMIC Regular Interests 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. The Class I-A-V and Class II-A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class I-A-V REMIC Regular Interests and the Uncertificated Class II-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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. Uncertificated Initial Uncertificated Latest REMIC-I-Pass Principal-Balance Possible-Maturity(1) Designation Through Rate Uncertificated REMIC I 6.75% $93,777,000.00 September 25, 2031 Regular Interest N Uncertificated REMIC I 6.75% $27,990,000.00 September 25, 2031 Regular Interest P Uncertificated REMIC I 6.75% $100,019,000.00 September 25, 2031 Regular Interest Q Uncertificated REMIC I 6.75% $10,276,000.00 September 25, 2031 Regular Interest R Uncertificated REMIC I 6.75% $79,161,037.21 September 25, 2031 Regular Interest S Uncertificated REMIC I 6.75% $81,000,000.00 September 25, 2031 Regular Interest T Uncertificated REMIC I 6.75% $23,900,000.00 September 25, 2031 Regular Interest V Uncertificated REMIC I 6.75% $83,305,000.00 September 25, 2031 Regular Interest W Uncertificated REMIC I 6.75% $71,231,339.88 September 25, 2031 Regular Interest X Uncertificated REMIC I 0.00% $517,395.43 September 25, 2031 Regular Interest Y Uncertificated REMIC I 0.00% $458,032.78 September 25, 2031 Regular Interest Z Uncertificated REMIC I Variable (2) N/A(3) September 25, 2031 Group I IO Regular Interests Uncertificated REMIC I Variable (2) N/A(3) September 25, 2031 Group II IO Regular Interests ______________
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor intends is the owner of the Trust Fund (other than the Trust's rights under the Group 5 Interest Rate Cap Agreement) that is hereby conveyed to sell pass-through certificates (collectively, the "Trustee in return for the Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 5 Interest Rate Cap Agreement and the assets held in the Group 5 Interest Rate Cap Account) for federal income tax purposes shall consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts three REMICs (referred to as "REMIC I," "REMIC II" and the Interest Coverage Accounts and certain other related assets subject to this Agreement"REMIC III"). REMIC I As provided herein, the Trustee Trust Administrator will elect make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3 and Group 4 Mortgage Loans and certain other related assets (other than exclusive of any Master Servicer entitlement to Assigned Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestPremiums) subject to this Agreement as a REMIC 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 Component I of the Class RAR-I Interest L Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests") and the Class Principal Balance of Component I of the Class AR-L Certificates. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-11)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classessixteen Classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC 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 Component I of the Class R-I Interest R Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated.. CLASS DESIGNATION FOR EACH REMIC I REGULAR INTEREST AND COMPONENT I TYPE INITIAL CLASS OF THE CLASS OF CERTIFICATE PRINCIPAL FINAL MATURITY R CERTIFICATES INTEREST INTEREST RATE BALANCE DATE* Class I-Y-1 Regular Variable(1) 30,657.30 June 2034 Class I-Y-2 Regular Variable(2) 140,983.12 June 2034 Class I-Y-3 Regular Variable(3) 22,563.40 June 2034 Class I-Y-4 Regular Variable(4) 58,124.25 June 2034 Class II-Y-1 Regular Variable(5) 7,782.16 June 2034 Class II-Y-2 Regular Variable(6) 36,167.69 June 2034 Class II-Y-3 Regular Variable(7) 5,890.43 June 2034 Class II-Y-4 Regular Variable(8) 15,320.72 June 2034 Class I-Z-1 Regular Variable(1) 61,283,947.88 June 2034 Class I-Z-2 Regular Variable(2) $281,825,250.27 June 2034 Class I-Z-3 Regular Variable(3) 45,105,424.73 June 2034 Class I-Z-4 Regular Variable(4) $116,193,452.76 June 2034 Class II-Z-1 Regular Variable(5) 15,556,529.63 June 2034 Class II-Z-2 Regular Variable(6) 72,299,219.40 June 2034 Class II-Z-3 Regular Variable(7) 11,774,613.77 June 2034 Class II-Z-4 Regular Variable(8) 30,625,179.55 June 2034 Component I of the Class R+ Residual Variable(1) 100.00 June 2034
Appears in 1 contract
Sources: Pooling and Servicing Agreement (GMAC Mortgage Pass-Through Certificates, Series 2004-Ar1)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Reserve Fund and the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 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-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. UNCERTIFICATED INITIAL UNCERTIFICATED LATEST -REMIC-I-PASS PRINCIPAL-BALANCE POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE REMIC I Regular Interest 5.00% $ 62,179,429.00 November 25, 2031 S% REMIC I Regular Interest 8.50% $ 49,134,571.00 November 25, 2031 T% REMIC I Regular Interest 6.25% $ 20,000,000.00 November 25, 2031 V% REMIC I Regular Interest 6.50% $ 25,000,000.00 November 25, 2031 W% REMIC I Regular Interest 6.50% $ 27,754,095.06 November 25, 2031 X% REMIC I Regular Interest 6.50% $ 74,000,000.00 November 25, 2031 Y% REMIC I Regular Interest 0.00% $ 694,099.65 November 25, 2031 Z Variable (2) REMIC I Variable (2) N/A(3) November 25, 2031 IO Regular Interests R-1 6.50% $ 100.00 November 25, 2031 -------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement Agreement, as a REMIC 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 Uncertificated REMIC Regular Interests will be "regular interests" in REMIC I and the Class R-R I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 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-V REMIC Regular Interests 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. 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 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 Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. REMIC I PASS-THROUGH INITIAL UNCERTIFICATED LATEST DESIGNATION RATE PRINCIPAL BALANCE POSSIBLE MATURITY(1) REMIC I Regular Interest 5.75% $ 44,545,000.00 September 25, 2034 U REMIC I Regular Interest 5.00% $ 82,895,845.00 September 25, 2034 V REMIC I Regular Interest 5.25% $ 82,895,845.00 September 25, 2034 W REMIC I Regular Interest 7.50% $ 59,211,310.00 September 25, 2034 X REMIC I Regular Interest 5.75% $ 38,503,672.97 September 25, 2034 Y REMIC I Regular Interest 0.00% $ 2,953,700.82 September 25, 2034 Z REMIC I IO Regular (2) (3) Interests ___________________
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2004-S8 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 each REMIC (as defined herein) created hereunder. The the Trust Fund Fund, the assets of which will consist of a segregated pool of assets consisting primarily of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee Bank of America, Federal Savings Bank, as Master Servicer, will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement described herein as a REMIC "real estate mortgage investment conduit" 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 Interest Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes federal income tax purposes. Bank of America, Federal Savings Bank, as Master Servicer, will make an election to treat the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None a "real estate mortgage investment conduit" for federal income tax purposes and such pool of the REMIC I Regular Interests assets will be certificateddesignated as "REMIC II." The Class A, Class PO, Class M and Class B Certificates will represent "regular interests" in REMIC II and the Class R-II Certificate will represent the sole class of "residual interest" in REMIC II for federal income tax purposes. The following table sets forth the designation, type, initial Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date and initial ratings for each Class of Certificates comprising the interests in the Trust Fund created hereunder.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Ba Mortgage Securities Inc Mort Pass THR Cert Series 1997-3)
PRELIMINARY STATEMENT. The Depositor intends to sell home equity loan pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes[seventeen] Classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Supplemental Interest Coverage Accounts, the Initial Deposit Trust Account and any Subsequent Mortgage Loan Interestthe Swap Agreement) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, solely for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)shall be the Distribution Date immediately succeeding the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities Ii Inc)
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 each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect make, in accordance with Section 10.01, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC 1 (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement Agreement, as a REMIC 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 1 Regular Interests will be the "regular interests" in REMIC 1 and the Class R-I Interest 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 1 Regular Interests will be designated as "REMIC 2" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class 1-A, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 2-A-5, 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 2, and the Class 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. The following table irrevocably sets forth the designation, the REMIC I Remittance 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I 1 Regular Interests (as defined herein)Interest. None of the The REMIC I 1 Regular Interests will not be certificated.. Initial REMIC I REMIC I Uncertificated Latest Possible Regular Interest Designation Pass-Through Rate Principal Balance Maturity Date(1) -------------------------------------------------------------------------------------------------------------------- 1-A Variable (2) $ 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
Sources: Pooling and Servicing Agreement (MERRILL LYNCH MORT INV TRUST SERIES MLCC Series 2005-1)
PRELIMINARY STATEMENT. The Depositor intends to sell 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 each REMIC (as defined herein) the Trust to be created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Pooled Mortgage Loans (exclusive of certain amounts payable thereon) and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." I". The Class R-I Interest R Certificates will be represent ownership of (among other things) the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)under federal income tax law. The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" Latest Possible Maturity Date for each of the REMIC I Regular Interests (as defined herein)Interest is the Rated Final Distribution Date. None of the REMIC I Regular Interests will be certificated.. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II". The Class R Certificates will represent ownership of (among other things) the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table sets forth the designation, the REMIC II Remittance Rate and the initial Uncertificated Principal Balance for each of the REMIC II Regular Interests. The Latest Possible Maturity Date for each REMIC II Regular Interest is the Rated Final Distribution Date. None of the REMIC II Regular Interests will be certificated. Remic II Initial Uncertificated Designation Remittance Rate Principal Balance ----------- --------------- ----------------- A-1-1 Variable (1) $ 12,811,000 A-1-2 Variable (1) $ 58,122,000 A-1-3 Variable (1) $ 36,067,000 A-2-1 Variable (1) $ 24,346,000 A-2-2 Variable (1) $ 57,811,000 A-2-3 Variable (1) $ 73,843,000 A-3-1 Variable (1) $ 74,618,000 A-3-2 Variable (1) $ 48,050,000 A-3-3 Variable (1) $ 11,332,000 A-4 Variable (1) $ 100,000,000 A-5-1 Variable (1) $ 29,564,000 A-5-2 Variable (1) $ 42,090,000 A-5-3 Variable (1) $ 507,425,000 B-1 Variable (1) $ 7,052,000 B-2 Variable (1) $ 22,239,000 C-1 Variable (1) $ 3,853,000 C-2 Variable (1) $ 5,397,000 D-1 Variable (1) $ 8,868,000 D-2 Variable (1) $ 11,174,000 E-1 Variable (1) $ 5,638,000 E-2 Variable (1) $ 8,237,000 F-1 Variable (1) $ 725,000 F-2 Variable (1) $ 14,691,000 G Variable (1) $ 9,250,000 H-1 Variable (1) $ 6,149,000 H-2 Variable (1) $ 12,351,000 J Variable (1) $ 4,625,000 K Variable (1) $ 4,625,000 L Variable (1) $ 6,167,000 M Variable (1) $ 4,625,000 N Variable (1) $ 4,625,000 P Variable (1) $ 3,083,000 Q Variable (1) $ 13,875,641 --------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2004-Pwr5)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates 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 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 I-A-1 Certificates, Class I-A-2 Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class III-A-1 Certificates, Class III-A-X-1 Certificates, Class III-A-2 Certificates, Class III-A-3 Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates and Class B-3 Certificates, 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. 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 this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated. INITIAL UNCERTIFICATED UNCERTIFICATED REMIC --------------------- LATEST DESIGNATION I PASS-THROUGH RATE PRINCIPAL BALANCE POSSIBLE MATURITY(1) Uncertificated REMIC I Regular Interest I-A Variable (2) $ 121.66 November 25, 2036 Uncertificated REMIC I Regular Interest I-B Variable (2) $ 2,703.35 November 25, 2036 Uncertificated REMIC I Regular Interest II-A Variable (2) $ 832.54 November 25, 2036 Uncertificated REMIC I Regular Interest II-B Variable (2) $ 18,500.02 November 25, 2036 Uncertificated REMIC I Regular Interest III-A Variable (2) $ 316.10 November 25, 2036 Uncertificated REMIC I Regular Interest III-B Variable (2) $ 7024.13 November 25, 2036 Uncertificated REMIC I Regular Interest ZZZ Variable (2) $282,245,408.89 November 25, 2036 Uncertificated REMIC I Regular Interest R-II Variable (2) $ 67.00 November 25, 2036 _______________________ (1) For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each Uncertificated REMIC I Regular Interest.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2006-Sa4 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage-backed pass-through certificates (collectively, the "“Certificates"”), to be issued hereunder in multiple classesseventeen Classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets [(other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit [Yield Maintenance Agreement][Supplemental Inteerst Trust Account and any Subsequent Mortgage Loan Interest) the Swap Agreement]] subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class Class of "“residual interests" ” in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the “Uncertificated REMIC I Remittance Pass-Through Rate, the ”) and initial Uncertificated Principal Balance and, for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”). The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation section Regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated.. LT1 Variable(1) [ ] [ ] 20[ ] LT2 Variable(1) [ ] [ ] 20[ ] LT3 0.00%(1) [ ] [ ] 20[ ] LT4 Variable(1) [ ] [ ] 20[ ]
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Phoenix Residential Securities, LLC)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class 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 and the Uncertificated Class A-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. DESIGNATION Uncertificated Initial Uncertificated Latest(1) REMIC I Principal Balance Possible Maturity Pass-Through Rate REMIC I Regular Interest T 5.25% $ 10,000,000.00 December 25, 2017 REMIC I Regular Interest U 4.40% $ 77,722,000.00 December 25, 2017 REMIC I Regular Interest V 8.50% $ 20,903,000.00 December 25, 2017 REMIC I Regular Interest W 5.25% $ 32,250,932.59 December 25, 2017 REMIC I Regular Interest X 5.25% $ 28,800,000.00 December 25, 2017 REMIC I Regular Interest Y 5.00% $ 7,500,000.00 December 25, 2017 REMIC I Regular Interest Z 0.00% $ 161,133.06 December 25, 2017 REMIC I IO Regular InteresVariable (2) N/A(3) December 25, 2017 -------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 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-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. ncertificated REMIC I Initial Pass-Through Uncertificated Latest DESIGNATION U Rate Principal Balance Possible Maturity(1) REMIC I Regular Interest T 4.00% $ 25,000,000.00 June 25, 2018 REMIC I Regular Interest U 4.00% $ 8,652,858.00 June 25, 2018 REMIC I Regular Interest V 7.50% $ 60,361,142.00 June 25, 2018 REMIC I Regular Interest W 5.00% $ 142,958,331.88 June 25, 2018 REMIC I Regular Interest X 4.00% $ 77,250,00.00 June 25, 2018 REMIC I Regular Interest Y 4.00% $ 40,000,000.00 June 25, 2018 REMIC I Regular Interest Z 0.00% $ 1,372,294.24 June 25, 2018 REMIC I IO Regular Interests (2) (3) June 25, 2018 -------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed 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 each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestHedge Agreement) subject to this Agreement as a REMIC 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 Class [R-I Interest I] Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Asset Securities Corp)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans Trust Fund, and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (the "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as "REMIC I." The Uncertificated REMIC Regular I Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes A segregated pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None of the Uncertificated REMIC I Regular Interests will be certificated.designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, the Class A-12 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 REMIC II Regular Interests Z 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. 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 sets forth the designation, type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and certain features for each Class of Certificates comprising the interests in the Trust Fund created hereunder. AGGREGATE INITIAL CERTIFICATE PASS-THROUGH PRINCIPAL MATURITY MOODY'S/ MIN▇▇▇▇ DESIGNATION RATE BALANCE FEATURES(1) DATE S&P/FITCH DENOMINATIONS(2) Class A-1 Adjustable $103,066,220.00 Senior/Floater/Adjustable Rate December, 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
Sources: Pooling and Servicing Agreement (RFMSI Series 2005-S9 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell pass-through certificates (collectively, is the "Certificates"), to be issued hereunder in multiple classes, which in owner of the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject that is hereby conveyed to this Agreement. As provided herein, the Trustee will elect to treat in return for the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC for 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 Agreement (excluding the Cap Contract and the 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 “regular interests” in REMIC I and the Class R-I Interest will be the sole class of "“residual interests" ” in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the REMIC I Regular Interests will be designated as “REMIC II,” a separate REMIC election will be made with respect thereto. The REMIC II Regular Interests will be “regular interests” in REMIC 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 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 2-A-1 Certificates, Class X-A Certificates, Class X-B Certificates, Class PO-A Certificates, Class PO-B Certificates, Class M Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates, Class B-4 Certificates, Class B-5 Certificates and Class P Certificates will be “regular interests” in REMIC III and the Class R-III Interest will be the sole class of “residual interests” therein for purposes of the REMIC 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 described above, the Trust Fund will be treated for federal income tax purposes as three REMICs. The following table irrevocably sets forth the designation, the REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "“latest possible maturity date" ” for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Countrywide Home Loans 2005-J8)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 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-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. UNCERTIFICATED INITIAL UNCERTIFICATED LATEST -REMIC-I-PASS PRINCIPAL-BALANCE POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE --------------------------------------------------------------------------------------------- REMIC I Regular Interest W 6.25% $ 25,000,000.00 October 25, 2032 REMIC I Regular Interest X 6.25% $ 25,000,000.00 October 25, 2032 REMIC I Regular Interest Y 6.25% $ 258,393,428.03 October 25, 2032 REMIC I Regular Interest Z 0.00% $ 4,851,743.86 October 25, 2032 REMIC I IO Regular Interests Variable (2) N/A(3) October 25, 2032
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple sixteen classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder). The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amountsexclusive of the Reserve Fund) 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 Class R-I Certificates will represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate") and initial Uncertificated Principal Balance for "regular interest" in REMIC I (the "REMIC I Regular Interest"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for the REMIC I Regular Interest shall be the 360th Distribution Date. The REMIC I Regular Interest will not be certificated. Uncertificated REMIC I Uncertificated REMIC I Latest Possible DESIGNATION Pass-Through Rate Principal Balance Maturity Date REMIC I Regular Variable(1) $400,000,176.79 July 25, 2034 Interest A _______________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the Pre-Funding Accounts, REMIC Administrator will make an election to treat the Net WAC Rate Carryover segregated pool of assets consisting of the Group II Loans and the Group III Loans and certain other related assets (exclusive of the Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestFund) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I.II." The Class R-I Interest II Certificates will be represent the sole class of "residual interests" in REMIC I II for purposes of the REMIC Provisions (as defined herein)under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance II Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for the "regular interests" in REMIC II (the "REMIC II Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I II Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I II Regular Interests Interest will not be certificated.. Uncertificated REMIC II Uncertificated REMIC II Latest Possible DESIGNATION Pass-Through Rate Principal Balance Maturity Date REMIC II Regular Variable(1) $665,000,338.27 July 25 ,2034 Interest B REMIC II Regular 0.00% $124,375,000.00 July 25 ,2034 Interest A-III-PO REMIC II Regular Variable(1) (2) July 25 ,2034 Interest A-III-IO REMIC II Regular 0.00% $625,224.09 July 25 ,2034 Interest A-III-OC
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RAMP Series 2004-Rs7 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 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-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. Uncertificated REMIC I Pass- Initial Uncertificated Latest Designation Through Rate Principal Balance Possible Maturity(1) ----------- ------------ ------------------------ --------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classesfifteen Classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestYield Maintenance Agreement) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RASC Series 2006-Emx1 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 each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC 1 (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement Agreement, as a REMIC 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 1 Regular Interests will be the "regular interests" in REMIC 1 and the Class R-I Interest 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 1 Regular Interests will be designated as "REMIC 2" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class 1-A, Class 2-A-1, Class 2-A-2, Class 2-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 2, and the Class 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. The following table irrevocably sets forth the designation, the REMIC I Remittance 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC 1 Regular Interest. The REMIC 1 Regular Interests will not be certificated. REMIC I Regular Interests (as defined herein). None of the Initial Interest REMIC I Regular Interests will be certificated.Uncertificated Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date(1) -------------------------------------------------------------------------------- 1-A Variable (2) $ 229.32 November 25, 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
Sources: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust MLCC Series 2004-1)
PRELIMINARY STATEMENT. The Depositor intends to sell pass-through certificates (collectivelyIn exchange for the Certificates, the "Certificates"), Depositor hereby conveys the Trust Estate to be issued hereunder in multiple classes, which in the aggregate will evidence Trustee to create the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementTrust. As provided herein, the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a real estate investment conduit (a "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as the "Lower-Tier REMIC." The Uncertificated Lower-Tier Interests will represent the "regular interests" in the Lower-Tier REMIC for purposes of the REMIC Provisions. The Class LR Interest will represent the sole class of "residual interest" in the Lower-Tier REMIC for purposes of the REMIC Provisions. The Trustee will make another election to treat the Uncertificated Lower-Tier Interests as another REMIC for federal income tax purposes, and such segregated pool of assets will be designated as the "REMIC I.Upper-Tier REMIC." The Senior Certificates (other than the Class R1-I Interest will be A-R Certificate and the sole class rights of the Class 1-A-2 Certificates and the Class 3-A-7 Certificates to receive amounts from the applicable Reserve Fund) and the Class B Certificates are referred to collectively as the "residual Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC I for purposes of the REMIC Provisions (as defined herein)Provisions. The following table irrevocably sets forth Class UR Interest shall be the designation, "residual interest" in the Upper-Tier REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii)the REMIC Provisions. The Class 1-A-R Certificate shall represent beneficial ownership of the Class LR Interest and the Class UR Interest. The portion of the Trust Estate consisting of the Reserve Funds, the Yield Maintenance Agreements and the rights of the Class 1-A-2 and Class 3-A-7 Certificates to receive amounts from the applicable Reserve Fund shall not be assets of either REMIC created hereunder, but rather shall be assets of the Grantor Trust. The "latest possible maturity date" for each federal income tax purposes of all interests created hereby will be the REMIC I Regular Interests (as defined herein)Certificate Maturity Date. Lower-Tier REMIC The following table sets forth the designation, the Lower-Tier REMIC Rate and the initial uncertificated principal balance or notional balance of such interest. None of the REMIC I Regular Uncertificated Lower-Tier Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-5 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 each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest 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," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-▇, ▇▇▇▇▇ ▇-▇, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated.. Uncertificated REMIC I Initial Uncertificated Latest Possible DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE(1) ----------- ----------------- ----------------- ---------------- REMIC I Regular Interest X Variable(2) $83,469,712.51 June 25, 2028 REMIC I Regular Interest Y Variable(2) $41,883,993.00 June 25, 2028 REMIC I IO Regular Interest Variable(2) $(3) June 25, 2028 -----------------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Impac Secured Assets Corp)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A Certificates, Class II-A Certificates, Class III-A Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates 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. 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 this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. INITIAL UNCERTIFICATED UNCERTIFICATED LATEST REMIC I PRINCIPAL POSSIBLE DESIGNATION PASS-THROUGH RATE BALANCE MATURITY(1) Uncertificated REMIC I Regular Variable(2) $ 474.18 November 25, 2035 Interest I-A Uncertificated REMIC I Regular Variable (2) $ 10,062.42 November 25, 2035 Interest I-B Uncertificated REMIC I Regular Variable(2) $ 742.10 November 25, 2035 Interest II-A Uncertificated REMIC I Regular Variable(2) $ 15,747.70 November 25, 2035 Interest II-B Uncertificated REMIC I Regular Variable(2) $ 382.58 November 25, 2035 Interest III-A Uncertificated REMIC I Regular Variable(2) $ 8,118.48 November 25, 2035 Interest III-B Uncertificated REMIC I Regular Variable(2) $350,238,802.54November 25, 2035 Interest ZZZ Uncertificated REMIC I Regular Variable(2) $ 50 November 25, 2035 Interest R-II
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2005-Sa5 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans Trust Fund, and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund and the Yield Maintenance Agreements and any payments thereunder), as a REMIC real estate mortgage investment conduit (the "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as "REMIC I." The Uncertificated REMIC Regular I Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes A segregated pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None of the Uncertificated REMIC I Regular Interests will be certificated.designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-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 REMIC II Regular Interests Z 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. 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 sets forth the designation, type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and certain features for each Class of Certificates comprising the 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 ▇▇▇▇ 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 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 6.00% $100.00 Senior/Residual/Fixed Rate July 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 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
Sources: Pooling and Servicing Agreement (RFMSI Series 2006-S6 Trust)
PRELIMINARY STATEMENT. Terms used but not defined in this Preliminary Statement shall have the meanings specified in Article I hereof. The Depositor intends to sell pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, classes which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting primarily of the Mortgage Loans, the Pre-Funding Accounts Loans and the Interest Coverage Accounts and certain other related assets subject to this AgreementMortgage Certificates. As provided herein, the Trustee will elect to treat that the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC Trust Fund be treated for federal income tax purposespurposes as two separate real estate mortgage investment conduits within the meaning of the Code. The Class A, Class B, Class C, Class D, Class E, Class F, Class G, Class X-1 and such segregated pool of assets Class X-2 Certificates will be designated as the "REMIC I.regular interests," The Class R-I Interest and the R Certificate will be designated as the sole class of "residual interestsinterest," in the Upper-Tier REMIC I for purposes of the REMIC Provisions (under federal income tax law. The Class AL, Class BL, Class CL, Class DL, Class EL, Class FL, Class GL, Class AR-L and Class X-1L Interests will be designated as defined herein)the "regular interests" in the Lower-Tier REMIC and the Class LR Certificate will be designated as the "residual interest" in the Lower-Tier REMIC for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth forth, to the extent applicable, the Class designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" Certificate Principal Amount and Pass-Through Rate for each Class of Certificates comprising the interests in the Upper-Tier REMIC I Regular Interests (as defined herein)created hereunder. None of the REMIC I Regular Interests will be certificated.Initial Certificate Pass-Through Designation Principal Amount Rate ----------- ---------------- ------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (LTC Properties Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 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-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. DESIGNATION UncertificatedInitial Uncertificated Latest REMIC I Pass- Principal BalancePossible Maturity(1) Through Rate REMIC I Regular Interest T 7.60% $75,000,000.00 July 25, 2018 REMIC I Regular Interest U 0.6666666% $71,226,131.00 July 25, 2018 REMIC I Regular Interest V 0.00% $9,996,650.00 July 25, 2018 REMIC I Regular Interest W 7.60% $41,535,219.00 July 25, 2018 REMIC I Regular Interest X 7.60% $2,175,000.00 July 25, 2018 REMIC I Regular Interest Y 4.75% $2,229,316.00 July 25, 2018 REMIC I Regular Interest Z 0.00% $437,559.00 July 25, 2018 REMIC I IO Regular Interests (2) (3) July 25, 2018 ___________________
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes A segregated pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None of the Uncertificated REMIC I Regular Interests will be certificateddesignated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Interest 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 A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 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 S-1 REMIC Regular Interests and the Uncertificated Class S-2 REMIC Regular Interests will be "regular interests" in REMIC III and the Class R-III Interest will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. 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.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor Sponsor intends to sell mortgage pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classesclasses (each, a "Class"), which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the trust fund (as defined hereinthe "Trust Fund") to be created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee REMIC Administrator will elect to treat the segregated pool of assets consisting of the Mortgage Loans (as defined herein) and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." I". The Class R-I Interest Certificates will be represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, the remittance rate (the "REMIC I Remittance Rate"), and the initial stated principal amount (the initial "Uncertificated Balance and, Principal Balance") for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). Determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests Interest is the first Distribution Date that is at least two years after the end of the remaining amortization schedule of the Mortgage Loan that has, as of the Closing Date (as defined herein), the longest remaining amortization schedule, irrespective of its scheduled maturity. None of the REMIC I Regular Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mortgage Capital Funding Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Reserve Fund and the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A-1 Certificates, Class I-A-2 Certificates, Class I-A-3 Certificates, Class I-A-4 Certificates, Class I-A-5 Certificates, Class I-A-P Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates, Class II-A-4 Certificates, Class II-A-5 Certificates, Class II-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 I-A-V REMIC Regular Interests and Uncertificated Class II-A-V REMIC Regular Interests 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. The Class I-A-V Certificates and Class II-A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class I-A-V REMIC Regular Interests and the Uncertificated Class II-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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. Uncertificated REMIC I Pass- Initial Uncertificated Latest Designation Through Rate Principal Balance Possible Maturity(1) ----------- ------------ ------------------------ -------------------- Uncertificated REMIC I 6.50% $ 250,026,000.00 May 25, 2031 Regular Interest U Uncertificated REMIC I 6.75% $ 350,014,100.00 May 25, 2031 Regular Interest V Uncertificated REMIC I 6.50% $ 9,069,649.75 May 25, 2031 Regular Interest W Uncertificated REMIC I 6.75% $ 12,722,718.39 May 25, 2031 Regular Interest X Uncertificated REMIC I 0.00% $ 22,237.34 May 25, 2031 Regular Interest Y Uncertificated REMIC I 0.00% $ 767,332.12 May 25, 2031 Regular Interest Z Uncertificated REMIC I Variable (2) N/A(3) May 25, 2031 Group I IO Regular Interests Uncertificated REMIC I Variable (2) N/A(3) May 25, 2031 Group II IO Regular Interests
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Group I Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of REMIC II (as defined herein), and subject to this Agreement (including the Group II 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 II." The REMIC II Regular Interests will be "regular interests" in REMIC 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 REMIC I Regular Interests and the REMIC II Regular Interests will be designated as "REMIC III" and the REMIC Administrator will make a separate REMIC election with respect thereto. The REMIC III Regular Interests will be "regular interests" in REMIC III and the Class R-III Certificates will be the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. A segregated pool of assets consisting of the Uncertificated REMIC III Regular Interests will be designated as "REMIC IV" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A-1 Certificates, Class I-A-2 Certificates, Class I-A-3 Certificates, Class I-A-4 Certificates, Class I-A-5 Certificates, Class I-A-6 Certificates, Class I-A-7 Certificates, Class I-A-8 Certificates, Class I-A-9 Certificates, Class I-A-10 Certificates, Class I-A-11 Certificates, Class I-A-12 Certificates, Class I-A-13 Certificates, Class I-A-14 Certificates, Class I-A-15 Certificates, Class I-A-16 Certificates, Class I-A-17 Certificates, Class I-A-18 Certificates, Class I-A-19 Certificates, Class I-A-20 Certificates, Class I-A-21 Certificates, Class I-A-22 Certificates, Class I-A-23 Certificates, Class I-A-24 Certificates, Class I-A-25 Certificates, Class I-A-26 Certificates, Class I-A-27 Certificates, Class I-A-P Certificates, Class II-A-1 Certificates, Class II-A-P Certificates, Class I-M-1 Certificates, Class I-M-2 Certificates, Class I-M-3 Certificates, Class II-M-1 Certificates, Class II-M-2 Certificates, Class II-M-3 Certificates, Class I-B-1 Certificates, Class I-B-2 Certificates, Class I-B-3 Certificates, Class II-B-1 Certificates, Class II-B-2 Certificates, Class II-B-3 Certificates and the Uncertificated Class A-V REMIC Regular Interests will be "regular interests" in REMIC IV and the Class R-IV Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The Class I-A-V and Class II-A-V Certificates or any Subclass thereof issued pursuant to Section 5.01(c) will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests represented by such Class or Subclass as of the day immediately preceding such Distribution Date (or, with respect to the initial Distribution Date, at the close of business on the Cut-off Date). 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 Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated.. Uncertificated REMIC I Initial Uncertificated Pass-Through ---------------------- Latest Designation Rate Principal Balance Possible Maturity(1) REMIC I Regular Interest A 5.50% $ 514,485,801.23 December 25, 2034 REMIC I Regular Interest I-A-P 0.00% $ 4,367,860.36 December 25, 2034 REMIC I I-A-V Regular Interests (2) $ (3) December 25, 2034
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2004-S9 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the "Certificates")certificates, to be issued hereunder in multiple classesclasses (each, a "Class"), which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) a trust fund to be created hereunder. The , the primary assets of which will be the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of all of the Trust Mortgage Loans (exclusive of the Broker Strip, the Excess Servicing Strip and that portion of the interest payments on the Trust Mortgage Loans that constitutes Additional Interest) and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Residual Interest will be represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined under federal income tax law, and will be represented by the Class R-I Certificates. As provided herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, Trustee will elect to treat the initial Uncertificated Balance and, solely for purposes segregated pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of all of the REMIC I Regular Interests (as defined herein)a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II". None The Class R-II Certificates will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. For federal income tax purposes, each Class of the Regular Certificates will be designated as a separate "regular interest" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table sets forth: (i) the class designation of each Class of Sequential Pay Certificates; (ii) the Original Class Principal Balance for each Class of Sequential Pay Certificates; (iii) the corresponding REMIC I Regular Interest or REMIC I Regular Interests will be certificated.(each, a "Corresponding REMIC I Regular Interest") for each Class of Sequential Pay Certificates; (iv) the REMIC I Principal Balance of each Corresponding REMIC I Regular Interest; and (v) the corresponding component or components (each, a "Corresponding Component") of the Class X Certificates for each Class of Sequential Pay Certificates. ------------------------------------------------------------------------------------------------------------------------------ Corresponding Class of Corresponding Component of Sequential Pay Original Class REMIC I REMIC I the Class X Certificates Principal Balance Regular Interest Principal Balance Certificates ------------ ----------------- ---------------- ----------------- ------------ ------------------------------------------------------------------------------------------------------------------------------ Class A-1 $ 52,161,616 LA-1-1 $ 2,544,616 X-A-1-1 ------------------------------------------------------------------------------------------------------------------------------ LA-1-2 $ 3,290,000 X-A-1-2 ------------------------------------------------------------------------------------------------------------------------------ LA-1-3 $ 17,261,000 X-A-1-3 ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ Corresponding Class of Corresponding Component of Sequential Pay Original Class REMIC I REMIC I the Class X Certificates Principal Balance Regular Interest Principal Balance Certificates ------------ ----------------- ---------------- ----------------- ------------ ------------------------------------------------------------------------------------------------------------------------------ LA-1-4 $ 29,066,000 X-A-1-4 ------------------------------------------------------------------------------------------------------------------------------ Class A-2 $ 379,800,000 LA-2-1 $ 2,318,000 X-A-2-1 ------------------------------------------------------------------------------------------------------------------------------ LA-2-2 $ 18,687,000 X-A-2-2 ------------------------------------------------------------------------------------------------------------------------------ LA-2-3 $ 18,303,000 X-A-2-3 ------------------------------------------------------------------------------------------------------------------------------ LA-2-4 $ 17,493,000 X-A-2-4 ------------------------------------------------------------------------------------------------------------------------------ LA-2-5 $ 16,989,000 X-A-2-5 ------------------------------------------------------------------------------------------------------------------------------ LA-2-6 $ 206,495,000 X-A-2-6 ------------------------------------------------------------------------------------------------------------------------------ LA-2-7 $ 50,392,000 X-A-2-7 ------------------------------------------------------------------------------------------------------------------------------ LA-2-8 $ 10,754,000 X-A-2-8 ------------------------------------------------------------------------------------------------------------------------------ LA-2-9 $ 12,603,000 X-A-2-9 ------------------------------------------------------------------------------------------------------------------------------ LA-2-10 $ 25,766,000 X-A-2-10 ------------------------------------------------------------------------------------------------------------------------------ Class A-3 $ 65,000,000 LA-3-1 $ 24,470,000 X-A-3-1 ------------------------------------------------------------------------------------------------------------------------------ LA-3-2 $ 40,530,000 X-A-3-2 ------------------------------------------------------------------------------------------------------------------------------ Class A-4 $ 169,657,000 LA-4-1 $ 4,824,000 X-A-4-1 ------------------------------------------------------------------------------------------------------------------------------ LA-4-2 $ 7,710,000 X-A-4-2 ------------------------------------------------------------------------------------------------------------------------------ LA-4-3 $ 157,123,000 X-A-4-3 ------------------------------------------------------------------------------------------------------------------------------ Class A-1A(1) $ 163,804,000 LA-1A-1 $ 616,000 X-A-1A-1 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-2 $ 785,000 X-A-1A-2 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-3 $ 3,531,000 X-A-1A-3 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-4 $ 4,014,000 X-A-1A-4 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-5 $ 3,959,000 X-A-1A-5 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-6 $ 3,892,000 X-A-1A-6 ------------------------------------------------------------------------------------------------------------------------------ -2- ------------------------------------------------------------------------------------------------------------------------------ Corresponding Class of Corresponding Component of Sequential Pay Original Class REMIC I REMIC I the Class X Certificates Principal Balance Regular Interest Principal Balance Certificates ------------ ----------------- ---------------- ----------------- ------------ ------------------------------------------------------------------------------------------------------------------------------ LA-1A-7 $ 3,809,000 X-A-1A-7 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-8 $ 3,698,000 X-A-1A-8 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-9 $ 3,593,000 X-A-1A-9 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-10 $ 30,134,000 X-A-1A-10 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-11 $ 2,621,000 X-A-1A-11 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-12 $ 10,118,000 X-A-1A-12 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-13 $ 2,253,000 X-A-1A-13 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-14 $ 21,449,000 X-A-1A-14 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-15 $ 1,566,000 X-A-1A-15 ------------------------------------------------------------------------------------------------------------------------------ LA-1A-16 $ 67,766,000 X-A-1A-16 ------------------------------------------------------------------------------------------------------------------------------ Class B $ 26,946,000 LB $ 26,946,000 X-B ------------------------------------------------------------------------------------------------------------------------------ Class C $ 11,023,000 LC $ 11,023,000 X-C ------------------------------------------------------------------------------------------------------------------------------ Class D $ 25,721,000 LD-1 $ 2,500,000 X-D-1 ------------------------------------------------------------------------------------------------------------------------------ LD-2 $ 3,208,000 X-D-2 ------------------------------------------------------------------------------------------------------------------------------ LD-3 $ 20,013,000 X-D-3 ------------------------------------------------------------------------------------------------------------------------------ Class E $ 11,024,000 LE-1 $ 146,000 X-E-1 ------------------------------------------------------------------------------------------------------------------------------ LE-2 $ 4,862,000 X-E-2 ------------------------------------------------------------------------------------------------------------------------------ LE-3 $ 4,588,000 X-E-3 ------------------------------------------------------------------------------------------------------------------------------ LE-4 $ 1,428,000 X-E-4 ------------------------------------------------------------------------------------------------------------------------------ Class F $ 13,473,000 LF-1 $ 2,548,000 X-F-1 ------------------------------------------------------------------------------------------------------------------------------ LF-2 $ 5,998,000 X-F-2 ------------------------------------------------------------------------------------------------------------------------------ LF-3 $ 4,927,000 X-F-3 ------------------------------------------------------------------------------------------------------------------------------ -3- ------------------------------------------------------------------------------------------------------------------------------ Corresponding Class of Corresponding Component of Sequential Pay Original Class REMIC I REMIC I the Class X Certificates Principal Balance Regular Interest Principal Balance Certificates ------------ ----------------- ---------------- ----------------- ------------ ------------------------------------------------------------------------------------------------------------------------------ Class G $ 12,248,000 LG-1 $ 6,683,000 X-G-1 ------------------------------------------------------------------------------------------------------------------------------ LG-2 $ 5,565,000 X-G-2 ------------------------------------------------------------------------------------------------------------------------------ Class H $ 11,023,000 LH-1 $ 91,000 X-H-1 ------------------------------------------------------------------------------------------------------------------------------ LH-2 $ 8,968,000 X-H-2 ------------------------------------------------------------------------------------------------------------------------------ LH-3 $ 1,964,000 X-H-3 ------------------------------------------------------------------------------------------------------------------------------ Class J $ 3,675,000 LJ $ 3,675,000 X-J ------------------------------------------------------------------------------------------------------------------------------ Class K $ 4,899,000 LK $ 4,899,000 X-K ------------------------------------------------------------------------------------------------------------------------------ Class L $ 4,899,000 LL-1 $ 4,132,000 X-L-1 ------------------------------------------------------------------------------------------------------------------------------ LL-2 $ 767,000 X-L-2 ------------------------------------------------------------------------------------------------------------------------------ Class M $ 4,899,000 LM $ 4,899,000 X-M ------------------------------------------------------------------------------------------------------------------------------ Class N $ 2,450,000 LN $ 2,450,000 X-N ------------------------------------------------------------------------------------------------------------------------------ Class P $ 3,674,000 LP $ 3,674,000 X-P ------------------------------------------------------------------------------------------------------------------------------ Class Q $ 13,473,705 LQ $ 13,473,705 X-Q ------------------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc Trust 2004-Mkb1)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Group I Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of REMIC II (as defined herein), and subject to this Agreement (including the Group II 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 II." The REMIC II Regular Interests will be "regular interests" in REMIC 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 REMIC I Regular Interests and 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 I-A-1 Certificates, Class I-A-2 Certificates, Class I-A-3 Certificates, Class I-A-4 Certificates, Class I-A-5 Certificates, Class I-A-6 Certificates, Class I-A-7 Certificates, Class I-A-8 Certificates, Class I-A-9 Certificates, Class I-A-10 Certificates, Class I-A-11 Certificates, Class I-A-12 Certificates, Class I-A-13 Certificates, Class I-A-P Certificates, Class II-A-1 Certificates, Class II-A-P Certificates, Class I-M-1 Certificates, Class I-M-2 Certificates, Class I-M-3 Certificates, Class II-M-1 Certificates, Class II-M-2 Certificates, Class II- M-3 Certificates, Class I-B-1 Certificates, Class I-B-2 Certificates, Class I-B-3 Certificates, Class II-B-1 Certificates, Class II-B-2 Certificates, Class II-B-3 Certificates and the Uncertificated Class 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. The Class I-A-V and Class II-A-V Certificates or any Subclass thereof issued pursuant to Section 5.01(c) will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests represented by such Class or Subclass as of the day immediately preceding such Distribution Date (or, with respect to the initial Distribution Date, at the close of business on the Cut-off Date). 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated.. Uncertificated Initial Uncertificated Latest REMIC-I-Pass Principal-Balance Possible-Maturity(1) Designation Through Rate ---------------------------------------------- ---------------------------------------------------- REMIC I Regular Interest A 5.25% $ 321,274,653.82 May 25, 2034 REMIC I Regular Interest I-A-P 0.00% $ 1,037,881.63 ] May 25, 2034 REMIC I I-A-V Regular (2) $ (3) May 25, 2034 Interests
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2004-S5 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Rounding Account, the Reserve Fund and the Initial Monthly Payment Fund), as a REMIC real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as the "REMIC I." The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-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-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-V REMIC Regular Interests 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. 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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. UNCERTIFICATED INITIAL UNCERTIFICATED LATEST -REMIC-I-PASS---------PRINCIPAL-BALANCE------POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE REMIC I Regular Interest 6.25% $ 101,580,138.51 September 25, 2032 R REMIC I Regular Interest 6.00% $ 40,000,000.00 September 25, 2032 S REMIC I Regular Interest 6.25% $ 15,181,000.00 September 25, 2032 T REMIC I Regular Interest 6.25% $ 18,624,000.00 September 25, 2032 U REMIC I Regular Interest 6.25% $ 236,000.00 September 25, 2032 V REMIC I Regular Interest 8.50% $ 32,222,223.00 September 25, 2032 W REMIC I Regular Interest 5.75% $ 50,000,000.00 September 25, 2032 X REMIC I Regular Interest 5.50% $ 50,000,000.00 September 25, 2032 Y REMIC I Regular Interest 0.00% $ 1,887,805.66 September 25, 2032 Z REMIC I Variable (2) N/A(3) September 25, 2032 IO Regular Interests -------------------
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the "Certificates")certificates, to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunderbelow). The Trust Fund Mortgage Loans will consist be serviced pursuant to the terms hereof. The Depositor hereby assigns to the Trustee, acting on behalf of a segregated pool of assets consisting of the Certificateholders, its interests and rights in the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat that the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC (including, without limitation, the Mortgage Loans) be treated for federal income tax purposes, purposes as a real estate mortgage investment conduit ("a REMIC") and such segregated pool of assets will be designated as "REMIC I." The One hundred and seven partial undivided beneficial ownership interests in each of the Mortgage Loans (the "REMIC I Uncertificated Classes"), will be designated as the "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I I, for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. A segregated pool of assets consisting of the REMIC I Uncertificated Classes will be designated as "REMIC II" and the Trustee will make a separate REMIC election with respect thereto. Ten partial undivided beneficial ownership interests in REMIC II (the "REMIC II Uncertificated Classes") will be designated as the "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II, for purposes of the REMIC Provisions under federal income tax laws. A segregated pool of assets consisting of the REMIC II Uncertificated Classes will be designated as "REMIC III" and the Trustee will make a separate REMIC election with respect thereto. The Class A1, Class A2, Class A3, Class B, Class C, Class D, Class E, Class F, Class G and Class NR Certificates and each of the Class X Components will be designated as the "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 under federal income tax law. The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Pass-Through Rate and Original Class Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each Class of Certificates comprising the REMIC interests in the Trust Fund created hereunder. Class Original Designation Pass-Through Rate Class Balance ------------------------------------------------------------------- Class A1 6.939% $40,000,000 Class A2 7.323% $100,124,000 Class A3 7.535% $138,659,000 Class B (1) $24,419,000 Class C (2) $22,384,000 Class D (3) $20,349,000 Class E (4) $6,104,000 Class X (5)(6) $0 Class F 7.38% $26,454,000 Class G 7.38% $16,279,000 Class NR 7.38% $12,213,353 Class R-I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.NA NA Class R-II NA NA Class R-III NA NA
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan J P Commercial Mortgage Finance Corp)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A Certificates, Class II-A Certificates, Class III-A-1 Certificates, Class III-A-2 Certificates, Class IV-A-1 Certificates, Class IV-A-2 Certificates, Class V-A-1 Certificates, Class V-A-2 Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates 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. 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 this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated. LATEST UNCERTIFICATED REMIC INITIAL UNCERTIFICATED POSSIBLE DESIGNATION I PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY(1) Uncertificated REMIC I Regular Interest I-A Variable (2) $58.00 October 25, 2037 Uncertificated REMIC I Regular Interest I-B Variable (2) $1360.00 October 25, 2037 Uncertificated REMIC I Regular Interest II-A Variable (2) $29.00 October 25, 2037 Uncertificated REMIC I Regular Interest II-B Variable (2) $ 674.00 October 25, 2037 Uncertificated REMIC I Regular Interest III-A Variable (2) $ 926.00 October 25, 2037 Uncertificated REMIC I Regular Interest III-B Variable (2) $ 21,776.00 October 25, 2037 Uncertificated REMIC I Regular Interest IV-A Variable (2) $ 411.00 October 25, 2037 Uncertificated REMIC I Regular Interest IV-B Variable (2) $ 9649.00 October 25, 2037 Uncertificated REMIC I Regular Interest V-A Variable (2) $ 342.00 October 25, 2037 Uncertificated REMIC I Regular Interest V-B Variable (2) $ 8037.00 October 25, 2037 Uncertificated REMIC I Regular Interest ZZZ Variable (2) $ 414,885,504.06 October 25, 2037 Uncertificated REMIC I Regular Interest R-II Variable (2) $ 50.00 October 25, 2037 _______________________ (1) For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each Uncertificated REMIC I Regular Interest.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2007-Sa4 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Group I Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of REMIC II (as defined herein), and subject to this Agreement (including the Group II 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 II." The REMIC II Regular Interests will be "regular interests" in REMIC 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 REMIC I Regular Interests and the 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 I-A-1 Certificates, Class I-A-2 Certificates, Class I-A-3 Certificates, Class I-A-4 Certificates, Class I-A-5 Certificates, Class I-A-6 Certificates, Class I-A-P Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates, Class II-A-P Certificates, Class I-M-1 Certificates, Class I-M-2 Certificates, Class I-M-3 Certificates, Class II-M-1 Certificates, Class II-M-2 Certificates, Class II-M-3 Certificates, Class I-B-1 Certificates, Class I-B-2 Certificates, Class I-B-3 Certificates, Class II-B-1 Certificates, Class II-B-2 Certificates, Class II-B-3 Certificates and the Uncertificated Class 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. The Class I-A-V and Class II-A-V Certificates or any Subclass thereof issued pursuant to Section 5.01(c) will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests represented by such Class or Subclass as of the day immediately preceding such Distribution Date (or, with respect to the initial Distribution Date, at the close of business on the Cut-off Date). 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 Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated.. Uncertificated REMIC I Pass-Through Initial Uncertificated Latest Designation Rate Principal Balance Possible Maturity(1) REMIC I Regular Interest A 5.50% $257,606,540.80 February 25, 2035 REMIC I Regular Interest I-A-P 0.00% $2,171,278.74 February 25, 2035 REMIC I I-A-V Regular Interests (2) $ (3) February 25, 2035
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates 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 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 I-A Certificates, Class I-X Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class III-A-1 Certificates, Class III-A-2 Certificates, Class IV-A-1 Certificates, Class IV-A-2 Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates and Class B-3 Certificates, 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. 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 this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. Initial Uncertificated REMIC Uncertificated Latest Designation I Pass-Through Rate Principal Balance Possible Maturity(1) --------------------------------------------- -------------------- ----------------- -------------------- Uncertificated REMIC I Regular Interest I-A Variable(2) $350.59 August 25, 2036 Uncertificated REMIC I Regular Interest I-B Variable(2) $8,248.49 August 25, 2036 Uncertificated REMIC I Regular Interest II-A Variable(2) $2,029.96 August 25, 2036 Uncertificated REMIC I Regular Interest II-B Variable(2) $47,762.16 August 25, 2036 Uncertificated REMIC I Regular Interest III-A Variable(2) $512.06 August 25, 2036 Uncertificated REMIC I Regular Interest III-B Variable(2) $12,048.56 August 25, 2036 Uncertificated REMIC I Regular Interest IV-A Variable(2) $470.58 August 25, 2036 Uncertificated REMIC I Regular Interest IV-B Variable(2) $11,071.98 August 25, 2036 Uncertificated REMIC I Regular Interest ZZZ Variable(2) $791,248,949.62 August 25, 2036 Uncertificated REMIC I Regular Interest R-II Variable(2) $100 August 25, 2036
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2006- SA2 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell 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 each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting comprising of the Mortgage Loans, the Pre-Funding Accounts Account and the Interest Coverage Accounts Account and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any the Master Servicer Prepayment Charge Payment AmountsAmount, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, Account and the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan InterestAccount) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.. Latest Possible REMIC I Initial Maturity Date (1) Remittance Rate Uncertificated Balance ----------------- --------------- ---------------------- I-LT1 Variable(2) I-LT2 Variable(2) I-LT3 Variable(2) I-LT4 Variable(2) I-LT5 Variable(2) I-LT6 Variable(2) I-LT7 Variable(2) I-LTP (3)
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Long Beach Securities Corp)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A1 Certificates, Class I-A2-1 Certificates, Class I-A2-2 Certificates, Class I-A3-1 Certificates, Class I-A3-2 Certificates, Class II-A1 Certificates, Class II-A2 Certificates, Class I-M-1 Certificates, Class I-M-2 Certificates, Class I-M-3 Certificates, Class II-M-1 Certificates, Class II-M-2 Certificates, Class II-M-3 Certificates, Class I-B-1 Certificates, Class I-B-2 Certificates, Class I-B-3 Certificates, Class II-B-1 Certificates, Class II-B-2 Certificates and Class II-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. 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 this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2005-Sa4 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell mortgage-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple classessixteen Classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC 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 Component I of the Class R-I Interest R Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iiiSection 1.860G 1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Gmacm Mortgage Loan Trust 2005-Ar5)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC 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 I-A-1 Certificates, Class I-A-2 Certificates, Class I-A-3 Certificates, Class I-A-P Certificates, Class II-A-1 Certificates, Class II-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 I-A-V REMIC Regular Interests and Uncertificated Class II-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. The Class I-A-V and Class II-A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class I-A-V REMIC Regular Interests and the Uncertificated Class II-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 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. Uncertificated -Initial Uncertificated Latest --REMIC-I-Pass---- ---Principal-Balance-------Possible-Maturity(1) Designation Through Rate REMIC I Regular Interest LT-I-SUB 5.25% $ 291.89 March 25, 2018 REMIC I Regular Interest LT-I-ZZZ 5.25% $ 253,279,572.59 March 25, 2018 REMIC I Regular Interest LT-II-SUB 5.00% $ 58.50 March 25, 2018 REMIC I Regular Interest LT-II-ZZZ 5.00% $ 50,738,081.25 March 25, 2018 REMIC I Regular Interest LT-I-PO 0.00% $ 510,932.99 March 25, 2018 REMIC I Regular Interest LT-II-PO 0.00% $ 59,468.31 March 25, 2018 REMIC I Regular Interest (2) LT-I-IO N/A (3) March 25, 2018 REMIC I Regular Interest (4) N/A (3) March 25, 2018 LT-II-IO
Appears in 1 contract
Sources: 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 classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect make, in accordance with Section 10.01, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest 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 10.01, a separate REMIC election with respect thereto. The Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class ▇-▇, ▇▇▇▇▇ ▇-▇, 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. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated.. 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 X 9.00% $1,725,000.00 January 25, 2030 REMIC I Regular Interest Y 9.00% $3,222,457.00 January 25, 2030 REMIC I IO Regular Interest Variable(2) $(3) January 25, 2030 ___________________________
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Impac Secured Assets Corp Mortgage Pass THR Cer Ser 1999-2)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple twelve classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee Master Servicer will elect make an election to treat the entire segregated pool of assets consisting relating to the Group I Loans, as described in the definition of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment AmountsREMIC I below, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table Section 1.03 irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance andBalance, and solely for purposes of satisfying Treasury regulation section Regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated. As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets relating to the Group II Loans, as described in the definition of REMIC II, as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. Section 1.03 irrevocably sets forth the designation, the REMIC II Remittance Rate, the initial Uncertificated 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 II Regular Interests. None of the REMIC II Regular Interests will be certificated. As provided herein, the REMIC Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests and REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC III. The Class R-III Certificates will represent the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate and initial Certificate Principal Balance for each of the "regular interests" in REMIC III (the "REMIC III Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC III Regular Interest shall be the Distribution Date in January 2036. Aggregate Initial Pass-Through Certificate Scheduled Final Initial Ratings Designation Type Rate Principal Feature Distribution S&P ▇▇▇▇▇'▇ ----------- ---- ----------- ---------- -------------------------------- --- ------- Balance Date ------- ---- Class A-I-1 Senior 7.205% $170,000,000.00 Senior August 25, 2016 AAA Aaa Class A-I-2 Senior 6.935% $48,000,000.00 Senior October 25, 2020 AAA Aaa Class A-I-3 Senior 7.040% $95,000,000.00 Senior April 25, 2026 AAA Aaa Class A-I-4 Senior 7.250% $77,000,000.00 Senior January 25, 2029 AAA Aaa Class A-I-5 Senior 7.615% $60,000,000.00 Senior December 25, 2031 AAA Aaa Class A-I-6 Senior 7.175% $50,000,000.00 Lockout/Senior December 25, 2031 AAA Aaa Class A-II Senior Adjustable $850,000,000.00 Senior December 25, 2031 AAA Aaa Rate Class SB-I Subordinate NA $2,396 Subordinate December 25, 2031 N/A N/A Class SB-II Subordinate NA $77 Subordinate December 25, 2031 N/A N/A The Mortgage Loans have an aggregate Cut-off Date Principal Balance equal to $1,350,002,473. The Mortgage Loans are comprised of two Loan Groups. The Group I Loans are fixed-rate first and junior lien mortgage loans having terms to maturity at origination or modification of not more than 30 years and the Group II Loans are adjustable rate first lien mortgage loans having terms to maturity at origination or modification of not more than 30 years. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer and the Trustee agree as follows:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Asset Securities Corp)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple twelve classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee Master Servicer will elect make an election to treat the entire segregated pool of assets consisting relating to the Group I Loans, as described in the definition of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment AmountsREMIC I below, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC 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 Class R-I Interest Certificates will be represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table Section 1.03 irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance andBalance, and solely for purposes of satisfying Treasury regulation section Regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated. As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets relating to the Group II Loans, as described in the definition of REMIC II, as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. Section 1.03 irrevocably sets forth the designation, the REMIC II Remittance Rate, the initial Uncertificated 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 II Regular Interests. None of the REMIC II Regular Interests will be certificated. As provided herein, the REMIC Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests and REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC III. The Class R-III Certificates will represent the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate and initial Certificate Principal Balance for each of the "regular interests" in REMIC III (the "REMIC III Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC III Regular Interest shall be the Distribution Date in April 2037. Aggregate Initial Pass-Through Certificate Scheduled Final Initial Ratings Designation Type Rate Principal Features Distribution S&P ▇▇▇▇▇'sFitch Balance Date Class A-I-1 Senior 5.593% $224,593,000 Senior July 25, 2016 AAA Aaa AAA Class A-I-2 Senior 5.568% $93,674,000 Senior January 25, 2022 AAA Aaa AAA Class A-I-3 Senior 5.854% $119,259,000 Senior February 25, AAA Aaa AAA 2026 Class A-I-4 Senior 6.374% $131,530,000 Senior March 25, 2029 AAA Aaa AAA Class A-I-5 Senior 6.987% $83,444,000 Senior March 25, 2032 AAA Aaa AAA Class A-I-6 Senior 6.349% $72,500,000 Lockout/Senior March 25, 2032 AAA Aaa AAA Class A-II Senior Adjustable $775,000,000 Senior March 25, 2032 AAA Aaa AAA Rate Class SB-I Subordinate N/A $140.85 Subordinate March 25, 2032 N/A N/A N/A Class SB-II Subordinate N/A $2,285.97 Subordinate March 25, 2032 N/A N/A N/A The Mortgage Loans have an aggregate Cut-off Date Principal Balance equal to $1,500,002,427. The Mortgage Loans are comprised of two Loan Groups. The Group I Loans are fixed-rate first and junior lien mortgage loans having terms to maturity at origination or modification of not more than 30 years and the Group II Loans are adjustable rate first lien mortgage loans having terms to maturity at origination or modification of not more than 30 years. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer and the Trustee agree as follows:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Asset Securities 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 each REMIC (as defined herein) created hereunder. The the Trust Fund Fund, the assets of which will consist of a segregated pool of assets consisting primarily of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee Master Servicer will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement described herein as a REMIC "real estate mortgage investment conduit" 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 Interest Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes federal income tax purposes. As provided herein, the Master Servicer will make an election to treat the assets consisting of the Group II Loans and certain other related assets described herein as a "real estate mortgage investment conduit" for federal income tax purposes and such pool of assets will be designated as "REMIC Provisions (as defined herein)II." The REMIC II Regular Interests will be the "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interest" in REMIC II for federal income tax purposes. The following table irrevocably sets forth Master Servicer will make an election to treat the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes pool of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each assets consisting of the REMIC I Regular Interests (as defined herein). None of and the REMIC I II Regular Interests as a "real estate mortgage investment conduit" for federal income tax purposes and such pool of assets will be certificateddesignated as "REMIC III." The Class A, Class X, Class II-PO, Class M and Class B Certificates will represent "regular interests" in REMIC III and the Class R-III Certificate will represent the sole class of "residual interest" in REMIC III for federal income tax purposes. The following table sets forth the designation, type, initial Pass-Through Rate, aggregate Initial Certificate Principal Balance, Last Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests in the Trust Fund created hereunder.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Ba Mortgage Securities Inc Mort Pass THR Cert Series 1998-3)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-I Certificates, Class A-II Certificates, Class A-III Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates 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. 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 Uncertificated REMIC I Remittance Pass- Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. Uncertificated Initial Uncertificated Latest REMIC-I-Pass Principal-Balance Possible-Maturity(1) Designation Through Rate REMIC I Regular Interest I-A Variable(2) $157.49 July 25, 2034 REMIC I Regular Interest I-B Variable(2) $4,999.49 July 25, 2034 REMIC I Regular Interest II-A Variable(2) $504.02 July 25, 2034 REMIC I Regular Interest II-B Variable(2) $16,000.47 July 25, 2034 REMIC I Regular Interest III-A Variable(2) $126.17 July 25, 2034 REMIC I Regular Interest III-B Variable(2) $4,005.31 July 25, 2034 REMIC I Regular Interest Variable(2) $250,026,865.04 July 25, 2034 ZZZ
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2004-Sa1 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Uncertificated REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates 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 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 I-A Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates, Class II-A-X Certificates, Class III-A Certificates, Class IV-A Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates and Class B-3 Certificates, 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. 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 this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, solely and for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. INITIAL UNCERTIFICATED REMIC UNCERTIFICATED LATEST DESIGNATION I PASS-THROUGH RATE PRINCIPAL BALANCE POSSIBLE MATURITY(1) Uncertificated REMIC I Regular Interest I-A Variable (2) $ 65.34 February 25, 2037 Uncertificated REMIC I Regular Interest I-B Variable (2) $ 1,537.06 February 25, 2037 Uncertificated REMIC I Regular Interest II-A Variable (2) $ 826.95 February 25, 2037 Uncertificated REMIC I Regular Interest II-B Variable (2) $ 19,455.64 February 25, 2037 Uncertificated REMIC I Regular Interest III-A Variable (2) $ 257.26 February 25, 2037 Uncertificated REMIC I Regular Interest III-B Variable (2) $ 6,052.52 February 25, 2037 Uncertificated REMIC I Regular Interest IV-A Variable (2) $ 171.37 February 25, 2037 Uncertificated REMIC I Regular Interest IV-B Variable (2) $ 4,031.60 February 25, 2037 Uncertificated REMIC I Regular Interest ZZZ Variable (2) $310,735,579.26 February 25, 2037 Uncertificated REMIC I Regular Interest R-II Variable (2) $ 66.00 February 25, 2037
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2007-Sa1 Trust)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates Through Certificates (collectively, the "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The the Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this AgreementFund. As provided herein, the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement (including the Mortgage Loans but excluding the Rounding Account, the Reserve Fund and the Initial Monthly Payment Fund), as a REMIC 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 Uncertificated REMIC Regular Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 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-V REMIC Regular Interests 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. 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 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 Remittance Pass-Through Rate, the initial Uncertificated Balance andPrincipal Balance, and solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated.. REMIC I PASS-THROUGH INITIAL UNCERTIFICATED LATEST DESIGNATION RATE PRINCIPAL BALANCE POSSIBLE MATURITY(1) REMIC I Regular Interest V 5.00% $ 50,000,000.00 March 25, 2034 REMIC I Regular Interest W 5.25% $185,278,182.00 March 25, 2034 REMIC I Regular Interest X 5.50% $ 95,794,000.57 March 25, 2034 REMIC I Regular Interest Y 8.00% $ 28,527,818.00 March 25, 2034 REMIC I Regular Interest Z 0.00% $ 2,386,043.23 March 25, 2034 REMIC I IO Regular Interest (2) (3) March 25, 2034 ___________________
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Fundings Mortgage Sec Rfmsi Series 2004-S2 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in multiple seventeen classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreementassets. REMIC I As provided herein, the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, exclusive of the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Swap Account and any Subsequent Mortgage Loan Interestthe Swap Agreement) subject to this Agreement as a REMIC 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 Class [R-I Interest I] Certificates will be represent the sole class Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Remittance Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor Company intends to sell passMortgage Pass-through certificates 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 Trust Fund. As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund, the Yield Maintenance Agreement and any payments thereunder and the Reserve Fund and any payments therefrom), as five real estate mortgage investment conduits (each REMIC (as defined hereina "REMIC") created hereunderfor federal income tax purposes. The Trust Fund will consist of a A segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts Group I Loans and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, described in the Trustee will elect to treat the segregated pool definition of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets I will be designated as "REMIC I.I," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Uncertificated REMIC Regular I Interests will be "regular interests" in REMIC I and the Class R-I Interest Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). A segregated pool of assets consisting of the Group II Loans and the related assets described in the definition of REMIC II will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Uncertificated REMIC Regular II Interests will be "regular interests" in REMIC 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 Group III Loans and the related assets described in the definition of REMIC III will be designated as "REMIC III," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Uncertificated REMIC Regular III Interests will be "regular interests" in REMIC III and the Class R-III Certificates will be the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. A segregated pool of assets consisting of the Uncertificated REMIC III Regular Interests will be designated as "REMIC IV," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Uncertificated REMIC Regular IV Interests will be "regular interests" in REMIC IV and the Class R-IV Certificates will be the sole class of "residual interests" in REMIC IV for purposes of the REMIC Provisions. A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests, Uncertificated REMIC II Regular Interests and Uncertificated REMIC IV Regular Interests will be designated as "REMIC V," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A-1 Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates, Class II-A-4 Certificates, Class II-A-5 Certificates, Class II-A-6 Certificates, Class II-A-7 Certificates, Class III-A-1 Certificates, Class III-A-2 Certificates, Class III-A-3 Certificates, Class III-A-4 Certificates, Class III-A-5 Certificates, Class III-A-6 Certificates, Class III-A-7 Certificates, Class III-A-8 Certificates, Class III-A-9 Certificates, Class III-A-10 Certificates, Class I-A-P Certificates, Class II-A-P Certificates, Class III-A-P Certificates, Class I-M-1 Certificates, Class I-M-2 Certificates, Class I-M-3 Certificates, Class II-M-1 Certificates, Class II-M-2 Certificates, Class II-M-3 Certificates, Class III-M-1 Certificates, Class III-M-2 Certificates, Class III-M-3 Certificates, Class I-B-1 Certificates, Class I-B-2 Certificates, Class I-B-3 Certificates, Class II-B-1 Certificates, Class II-B-2 Certificates, Class II-B-3 Certificates, Class III-B-1 Certificates, Class III-B-2 Certificates, Class III-B-3 Certificates, the Uncertificated REMIC V Regular Interests Z will be "regular interests" in REMIC V and the Class R-V Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The Class I-A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC V Regular Interests Z1, the Class II-A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC V Regular Interests Z2 and the Class III-A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC V Regular Interests Z3. 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 Remittance type, Pass-Through Rate, the aggregate Initial Certificate Principal Balance, Maturity Date, initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" ratings and certain features for each Class of Certificates comprising the REMIC interests in the Trust Fund created hereunder. Aggregate Initial Certificate Pass-Throu Principal Maturity Minimum Designation Rate Balance Features(1) Date Moody's/S&P/Fitc Denominations(2) Class I-A-1 5.50% $110,102,000 Senior/Fixed Rate December 2021 Aaa/NA/AAA $25,000.00 Class II-A-1 6.00% $329,775,000 Senior/Fixed Rate December 2036 Aaa/AAA/AAA $25,000.00 Class II-A-2 6.00% $267,085,000 Super Senior/Fixed Rate December 2036 Aaa/AAA/AAA $25,000.00 Class II-A-3 6.00% $50,000,000 Super Senior/Fixed Rate December 2036 Aaa/AAA/AAA $25,000.00 Class II-A-4 6.00% $1,875,000 Senior Support/Fixed Rate December 2036 Aa1/AAA/AAA $25,000.00 Class II-A-5 6.00% $15,000,000 Senior/Fixed Rate December 2036 Aaa/AAA/AAA $25,000.00 Class II-A-6 6.00% $33,142,000 Super Senior/Lockout/Fixed Rate December 2036 Aaa/AAA/AAA $25,000.00 Class II-A-7 6.00% $5,325,000 Senior Support/Lockout/Fixed Rate December 2036 Aa1/AAA/AAA $25,000.00 Class III-A-1 5.75% $100,000,000 Super Senior/Fixed Rate December 2036 Aaa/AAA/AAA $25,000.00 Class III-A-2(3) Variable $87,713,000 Super Senior/Floater/Adjustable December 2036 Aaa/AAA/AAA $25,000.00 Rate Rate Super Senior/Inverse Class III-A-3 Variable Notional Floater/Interest Only/Adjustable December 2036 Aaa/AAA/AAA $1,000,000.00 Rate Rate Class III-A-4 5.75% $76,852,000 Super Senior/Fixed Rate December 2036 Aaa/AAA/AAA $25,000.00 Class III-A-5 5.75% $24,240,000 Senior/Retail/Fixed Rate December 2036 Aaa/AAA/AAA $1,000.00 Class III-A-6 5.75% $2,409,000 Senior/Retail/Fixed Rate December 2036 Aaa/AAA/AAA $1,000.00 Class III-A-7 5.75% $13,902,000 Super Senior/Lockout/Fixed Rate December 2036 Aaa/AAA/AAA $25,000.00 Class III-A-8 5.75% $565,000 Senior Support/Lockout/Fixed Rate December 2036 Aa1/AAA/AAA $25,000.00 Class III-A-9 5.75% $32,172,000 Super Senior/Lockout/Fixed Rate December 2036 Aaa/AAA/AAA $25,000.00 Class III-A-10 5.75% $11,625,000 Senior Support/Lockout/Fixed Rate December 2036 Aa1/AAA/AAA $25,000.00 Class I-A-P 0.00% $209,746 Senior/Principal Only December 2021 Aaa/NA/AAA $25,000.00 Class I-A-V Variable Notional Senior/Interest Only/Variable Rate December 2021 Aaa/NA/AAA $2,000,000.00 Rate Class II-A-P 0.00% $492,311 Senior/Principal Only December 2036 Aaa/AAA/AAA $25,000.00 Class II-A-V Variable Notional Senior/Interest Only/Variable Rate December 2036 Aaa/AAA/AAA $2,000,000.00 Rate Class III-A-P 0.00% $524,821 Senior/Principal Only December 2036 Aaa/AAA/AAA $25,000.00 Class III-A-V Variable Notional Senior/Interest Only/Variable Rate December 2036 Aaa/AAA/AAA $2,000,000.00 Rate Class R-I Regular Interests 5.50% $100 Senior/Residual/Fixed Rate December 2021 Aaa/NA/AAA (as defined herein). None of the REMIC I Regular Interests will be certificated.4) Class R-II 6.00% $100 Senior/Residual/Fixed Rate December 2036 Aaa/AAA/AAA (4) Class R-III 5.75% $100 Senior/Residual/Fixed Rate December 2036 Aaa/AAA/AAA (4) Class R-IV 5.75% $100 Senior/Residual/Fixed Rate December 2036 Aaa/AAA/AAA (4) Class R-V 6.00% $100 Senior/Residual/Fixed Rate December 2036 Aaa/AAA/AAA (4) Class I-M-1 5.50% $1,235,700 Mezzanine/Fixed Rate December 2021 NA/NA/AA $100,000.00 Class I-M-2 5.50% $224,500 Mezzanine/Fixed Rate December 2021 NA/NA/A $250,000.00 Class I-M-3 5.50% $168,400 Mezzanine/Fixed Rate December 2021 NA/NA/BBB $250,000.00 Class II-M-1 6.00% $13,465,000 Mezzanine/Fixed Rate December 2036 NA/NA/AA $100,000.00 Class II-M-2 6.00% $4,366,800 Mezzanine/Fixed Rate December 2036 NA/NA/A $250,000.00 Class II-M-3 6.00% $2,911,200 Mezzanine/Fixed Rate December 2036 NA/NA/BBB $250,000.00 Class III-M-1 5.75% $8,377,400 Mezzanine/Fixed Rate December 2036 NA/NA/AA $100,000.00 Class III-M-2 5.75% $2,185,200 Mezzanine/Fixed Rate December 2036 NA/NA/A $250,000.00 Class III-M-3 5.75% $1,456,800 Mezzanine/Fixed Rate December 2036 NA/NA/BBB $250,000.00 Class I-B-1 5.50% $112,300 Subordinate/Fixed Rate December 2021 NA/NA/BB $250,000.00 Class I-B-2 5.50% $112,300 Subordinate/Fixed Rate December 2021 NA/NA/B $250,000.00 Class I-B-3 5.50% $112,304 Subordinate/Fixed Rate December 2021 NA/NA/NA $250,000.00 Class II-B-1 6.00% $1,455,600 Subordinate/Fixed Rate December 2036 NA/NA/BB $250,000.00 Class II-B-2 6.00% $1,455,600 Subordinate/Fixed Rate December 2036 NA/NA/B $250,000.00 Class II-B-3 6.00% $1,455,706 Subordinate/Fixed Rate December 2036 NA/NA/NA $250,000.00 Class III-B-1 5.75% $728,400 Subordinate/Fixed Rate December 2036 NA/NA/BB $250,000.00 Class III-B-2 5.75% $728,500 Subordinate/Fixed Rate December 2036 NA/NA/B $250,000.00 Class III-B-3 5.75% $728,426 Subordinate/Fixed Rate December 2036 NA/NA/NA $250,000.00
Appears in 1 contract
Sources: Pooling and Servicing Agreement (RFMSI Series 2006-S12 Trust)
PRELIMINARY STATEMENT. The Depositor intends to sell 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 each REMIC (as defined herein) the Trust Fund created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." I". The Class R-I Interest Certificates will be represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (under federal income tax law. REMIC I Regular Interest A will have an initial Uncertificated Balance equal to approximately 98.36% of the Cut-off Date Pool Arrearage and will not bear interest. REMIC I Regular Interest B will have an initial Uncertificated Balance equal to the Cut-off Date Pool Unpaid Principal Balance less $125,000 and will have a REMIC I Remittance Rate equal to the Net Mortgage Rate of the Mortgage Loans. Solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" of the REMIC I Regular Interests is set to April 25, 2037. Neither of the REMIC I Regular Interests will be certificated. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as defined herein)a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II". The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the REMIC I II Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" date for each of the REMIC I II Regular Interests (as defined herein)Interests. None of the REMIC I II Regular Interests will be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Mor Pa THR Cert Se 1997 Hud-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 each REMIC the Mortgage Loans (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Mortgage Loans, the Pre-Funding Accounts and the Interest Coverage Accounts and certain other related assets subject to this Agreement). As provided herein, the Trustee will elect make, in accordance with Section 9.12, an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein), and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Net WAC Rate Carryover Reserve Account, the Interest Coverage Accounts, the Initial Deposit Account and any Subsequent Mortgage Loan Interest) subject to this Agreement Agreement, as a REMIC 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 Uncertificated REMIC I Regular Interests will be the "regular interests" in REMIC I and the Class R-I Interest 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 R-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 IV-A-1, Class IV-A-2, Class IV-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. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Remittance Pass-Through Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury regulation section Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein)Interest. None of the The REMIC I Regular Interests will not be certificated.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Mlmi Series 2004-A3)