Qualified Liquidation. The Provisions of this Article X are subject to the requirement that any termination shall be a “qualified liquidation” of each associated REMIC unless 100% of the affected holders of interests in each such REMIC have consented to waive such requirements. For this purpose “affected holders” shall mean each holder of a regular or residual interest which would likely receive a smaller amount in final distributions if the termination were not a “qualified liquidation” and REMIC owed taxes as a result hereof.
Appears in 30 contracts
Samples: Master Servicing (GSR Mortgage Loan Trust 2006-8f), Trust Agreement (GSR Mortgage Loan Trust 2005-Ar3), Trust Agreement (GSR Mortgage Loan Trust 2007-Ar1)
Qualified Liquidation. The Provisions of this Article X IX are subject to the requirement that any termination shall be a “qualified liquidation” of each associated REMIC unless 100% of the affected holders of interests in each such REMIC have consented to waive such requirements. For this purpose “affected holders” shall mean each holder of a regular or residual interest which would likely receive a smaller amount in final distributions if the termination were not a “qualified liquidation” and REMIC owed taxes as a result hereof.
Appears in 5 contracts
Samples: Trust Agreement (Gs Mortgage Securities Corp Mort Pass THR Certs Ser 03 2f), Trust Agreement (Gs Mortgage Sec Corp Mort Pass THR Certs Ser 2003-3f), Trust Agreement (Mortgage Pass-Through Certificates Series 2003-4f)
Qualified Liquidation. The Provisions of this Article X IX are subject to the requirement that any termination shall be a “"qualified liquidation” " of each associated REMIC unless 100% of the affected holders of interests in each such REMIC have consented to waive such requirements. For this purpose “"affected holders” " shall mean each holder of a regular or residual interest which would likely receive a smaller amount in final distributions if the termination were not a “"qualified liquidation” " and REMIC owed taxes as a result hereof.
Appears in 4 contracts
Samples: Trust Agreement (Gs Mortgage Securities Corp Mor Pass THR Cer Ser 2002-8f), Trust Agreement (Gs Mortgage Securities Corp Mort Pas THR Certs Ser 2002 6f), Trust Agreement (Gs Mortgage Pass Through Certificates Series 2003-13)
Qualified Liquidation. The Provisions of this Article X are subject to the requirement that any termination shall be a “qualified liquidation” of each associated REMIC unless 100% of the affected holders of interests in each such REMIC have consented to waive such requirements. For this purpose “affected holders” shall mean each holder of a regular or residual interest which would likely receive a smaller amount in final distributions if the termination were not a “qualified liquidation” and such REMIC owed taxes as a result hereofthereof.
Appears in 2 contracts
Samples: Trust Agreement (GSR Mortgage Loan Trust 2007-2f), Servicing and Trust Agreement (GSR Mortgage Loan Trust 2007-5f)
Qualified Liquidation. The Provisions of this Article X are subject to the requirement that any termination shall be a “"qualified liquidation” " of each associated REMIC unless 100% [100]% of the affected holders of interests in each such REMIC have consented to waive such requirements. For this purpose “"affected holders” " shall mean each holder of a regular or residual interest which would likely receive a smaller amount in final distributions if the termination were not a “"qualified liquidation” " and REMIC owed taxes as a result hereof.
Appears in 1 contract
Qualified Liquidation. The Provisions of this Article X are subject to the requirement that any termination shall be a “qualified liquidation” of each associated REMIC unless 100% [100]% of the affected holders of interests in each such REMIC have consented to waive such requirements. For this purpose “affected holders” shall mean each holder of a regular or residual interest which would likely receive a smaller amount in final distributions if the termination were not a “qualified liquidation” and REMIC owed taxes as a result hereof.
Appears in 1 contract
Qualified Liquidation. The Provisions of this Article X are subject to the requirement that any termination shall be a “qualified liquidation” of each associated REMIC unless 100% of the affected holders of interests in each such REMIC have consented to waive such requirements. For this purpose “affected holders” shall mean each holder of a regular or residual interest which would likely receive a smaller amount in final distributions if the termination were not a “qualified liquidation” and REMIC owed taxes as a result hereof.
Appears in 1 contract
Qualified Liquidation. The Provisions of this Article X are subject to the requirement that any termination shall be a “qualified liquidation” of each associated REMIC unless 100% of the affected holders of interests in each such REMIC have consented to waive such requirements. For this purpose “affected holders” shall mean each holder of a regular or residual interest which would likely receive a smaller amount in final distributions if the termination were not a “qualified liquidation” and such REMIC owed taxes as a result hereof.
Appears in 1 contract
Samples: Master Servicing (GSR Mortgage Loan Trust 2007-Ar2)
Qualified Liquidation. The Provisions of this Article X are subject to the requirement that any termination shall be a “"qualified liquidation” " of each associated REMIC unless 100% of the affected holders of interests in each such REMIC have consented to waive such requirements. For this purpose “"affected holders” " shall mean each holder of a regular or residual interest which would likely receive a smaller amount in final distributions if the termination were not a “"qualified liquidation” " and REMIC owed taxes as a result hereof.
Appears in 1 contract
Samples: Trust Agreement (Gs Mortgage Securities Corp Mor Pasthr Cert Ser 2004-4)
Qualified Liquidation. The Provisions of this Article X are subject to the requirement that any termination shall be a “qualified liquidation” of each associated REMIC unless 100% of the affected holders of interests in each such REMIC have consented to waive such requirements. For this purpose “affected holders” shall mean each holder of a regular or residual interest which would likely receive a smaller amount in final distributions if the termination were not a “qualified liquidation” and such REMIC owed taxes as a result hereof.. 81
Appears in 1 contract
