Common use of REMIC Administration Clause in Contracts

REMIC Administration. (a) The REMIC Administrator shall make an election to treat the Trust Fund as one or more REMICs under the Code and, if necessary, under applicable state law. The assets of each such REMIC will be set forth in the Series Supplement. Such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. For the purposes of each REMIC election in respect of the Trust Fund, Certificates and interests to be designated as the "regular interests" and the sole class of "residual interests" in the REMIC will be set forth in Section 10.03 of the Series Supplement. The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated.

REMIC Administration. (a) The REMIC Administrator shall make an election to treat the Trust Fund as one or more two REMICs under the Code and, if necessary, under applicable state law. The assets of each such REMIC will be are set forth in the Series Supplementthis Agreement. Such election will shall be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. For the purposes of each the REMIC election elections in respect of the Trust Fund, Certificates and interests to be designated as the "regular interests" and the sole class of "residual interests" in the each REMIC will shall be set forth in Section 10.03 of the Series Supplement10.03. The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any each REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated.

REMIC Administration. (a) The REMIC Administrator shall make an election to treat the Trust Fund as one or more three REMICs under the Code and, if necessary, under applicable state law. The assets of each such REMIC will be are set forth in the Series Supplementthis Agreement. Such election will shall be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. For the purposes of each the REMIC election elections in respect of the Trust Fund, Certificates and interests to be designated as the "regular interests" and the sole class of "residual interests" in the each REMIC will shall be set forth in Section 10.03 of the Series Supplement10.03. The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any each REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated.

REMIC Administration. (a) The REMIC Administrator shall make an election to treat the Trust Fund as one or more REMICs under the Code and, if necessary, under applicable state law. The assets of each such REMIC will be set forth in the Series Supplementthis Agreement. Such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Trust Certificates are issued. For the purposes of each REMIC election in respect of the Trust Fund, Certificates and interests to be designated as the "regular interests" and the sole class of "residual interests" in the REMIC will be set forth in Section 10.03 of the Series Supplement9.03. The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated.

REMIC Administration. (a) The REMIC Administrator shall make an election to treat the Trust Fund as one or more two REMICs under the Code and, if necessary, under applicable state law. The assets of each such REMIC will be are set forth in the Series Supplementthis Agreement. Such election will shall be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. For the purposes of each the REMIC election elections in respect of the Trust Fund, Certificates and interests to be designated as the "“regular interests" ” and the sole class of "“residual interests" ” in the each REMIC will shall be set forth in Section 10.03 of the Series Supplement10.03. The REMIC Administrator and the Trustee shall not permit the creation of any "“interests" ” (within the meaning of Section 860G of the Code) in any each REMIC elected in respect of the Trust Fund other than the "“regular interests" ” and "“residual interests" ” so designated.

REMIC Administration. (a) The REMIC Administrator shall make an election to treat the Trust Fund as one or more two REMICs under the Code and, if necessary, under applicable state law. The assets of each such REMIC will be are set forth in the Series Supplementthis Agreement. Such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. For the purposes of each the REMIC election elections in respect of the Trust Fund, Certificates and interests to be designated as the "regular interests" and the sole class of "residual interests" in the each REMIC will be set forth in Section 10.03 of the Series Supplement10.03. The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any each REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated.

REMIC Administration. (a) The REMIC Administrator shall make an election to treat the Trust Fund Estate as one or more two REMICs under the Code and, if necessary, under applicable state law. The assets , in accordance with Section 2.06 of each such REMIC will be set forth in the Series SupplementTrust Agreement . Such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates Securities are issued. For the purposes of each the REMIC election elections in respect of the Trust FundEstate, Certificates Securities and interests to be designated as the "regular interests" and the sole class of "residual interests" in the each REMIC will be set forth in Section 10.03 of the Series Supplement11.03. The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any each REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated.

REMIC Administration. (a) The REMIC Administrator shall make an election to treat the Trust Fund as one or more two REMICs under the Code and, if necessary, under applicable state law. The assets of each such REMIC will be are set forth in the Series Supplementthis Agreement. Such election will shall be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. For the purposes of each the REMIC election elections in respect of the Trust Fund, Certificates and interests to be designated as the "regular interests" and the sole class of "residual interests" in the each REMIC will shall be set forth in Section 10.03 of the Series Supplement10.03. The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any each REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated.. 106

REMIC Administration. (a) The REMIC Administrator shall make an election to treat the Trust Fund Estate as one or more three REMICs under the Code and, if necessary, under applicable state law. The assets , in accordance with Section 2.06 of each such REMIC will be set forth in the Series SupplementTrust Agreement . Such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates Securities are issued. For the purposes of each the REMIC election elections in respect of the Trust FundEstate, Certificates Securities and interests to be designated as the "regular interests" and the sole class of "residual interests" in the each REMIC will be set forth in Section 10.03 of the Series Supplement11.03. The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any each REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated.

REMIC Administration. (a) The REMIC Administrator shall make an election to treat the Trust Fund as one or more REMICs under the Code and, if necessary, under applicable state law. The assets of each such REMIC will be set forth in the Series Supplementthis Agreement. Such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Trust Certificates are issued. For the purposes of each REMIC election in respect of the Trust Fund, Certificates and interests to be designated as the "“regular interests" ” and the sole class of "“residual interests" ” in the REMIC will be set forth in Section 10.03 of the Series Supplement9.03. The REMIC Administrator and the Trustee shall not permit the creation of any "“interests" ” (within the meaning of Section 860G of the Code) in any REMIC elected in respect of the Trust Fund other than the "“regular interests" ” and "“residual interests" ” so designated.

REMIC Administration. (a) The REMIC Administrator shall make an election to treat the Trust Fund as one or more the REMICs under the Code and, if necessary, under applicable state law. The assets of each such the REMIC will be are set forth in the Series Supplementthis Agreement. Such election will shall be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. For the purposes of each the REMIC election elections in respect of the Trust Fund, Certificates and interests to be designated as the "“regular interests" ” and the sole class of "“residual interests" ” in the REMIC will shall be set forth in Section 10.03 of the Series Supplement10.03. The REMIC Administrator and the Trustee shall not permit the creation of any "“interests" ” (within the meaning of Section 860G of the Code) in any the REMIC elected in respect of the Trust Fund other than the "“regular interests" ” and "“residual interests" ” so designated.