Common use of REMIC Election Clause in Contracts

REMIC Election. The Company intends to cause an election to be made to treat REMIC I and REMIC II as "real estate mortgage investment conduits" (each, a "REMIC") for federal income tax purposes. All of the Certificates issued by REMIC I and REMIC II, other than the Class R Certificate, will represent ownership of REMIC "regular interests". The Class R Certificate will represent ownership of the REMIC "residual interest" in REMIC I and REMIC II.

Appears in 9 contracts

Samples: Terms Agreement (Abn Amro Mortgage Corp Series 1999-5), Terms Agreement (Abn Amro Mortgage Corp Series 2001-2), Terms Agreement (Abn Amro Mortgage Corp Series 2001-1)

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REMIC Election. The Company intends to cause an election to be made to treat each of REMIC I I, REMIC II and REMIC II III as "real estate mortgage investment conduits" (each, a "REMIC") for federal income tax purposes. All of the Certificates issued by REMIC I and REMIC IIIII, other than the Class R Certificate, will represent ownership of REMIC "regular interests"" in REMIC III. The Class R Certificate will represent ownership of the REMIC "residual interest" in each of REMIC I I, REMIC II and REMIC IIIII.

Appears in 3 contracts

Samples: Terms Agreement (Multi-Class Mortgage Pass-Through Cert Series 2003-12), Terms Agreement (Abn Amro Mortgage Corp Mul Class Mor Pass THR Ce Ser 2002-10), Terms Agreement (Abn Amro Mort Corp Multi Class Mort Pas THR Certs Ser 2003-5)

REMIC Election. The Company intends to cause an election to be made to treat each of REMIC I and REMIC II as "real estate mortgage investment conduits" (each, a "REMIC") for federal income tax purposes. All of the Certificates issued by REMIC I and REMIC II, other than the Class R Certificate, will represent ownership of REMIC "regular interests"" in REMIC II. The Class R Certificate will represent ownership of the REMIC "residual interest" in each of REMIC I and REMIC II.

Appears in 3 contracts

Samples: Execution (Abn Amro Mortgage Corp Muilti Cl Mort Ps THR CRTS Ser 2003-8), Terms Agreement (Multi-Class Mortgage Pass-Through Certificates Series 2003-9), Terms Agreement (Abn Amro Mortgage Corp Series 2002-9)

REMIC Election. The Company intends to cause an election to be made to treat REMIC I and REMIC II as "real estate mortgage investment conduits" (each, a "REMIC") for federal income tax purposes. All of the Certificates issued by REMIC I and REMIC II, other than the Class R Certificate, will represent ownership of REMIC "regular interests". ." The Class R Certificate will represent ownership of the REMIC "residual interest" in REMIC I and REMIC II.

Appears in 2 contracts

Samples: Terms Agreement (Abn Amro Mort Corp Multi Class Mort Pass THR Cert Ser 2003-4), Terms Agreement (Abn Amro Mortgage Corp Series 2002-5)

REMIC Election. The Company intends to cause an election to be made to treat each of REMIC I I, REMIC II, REMIC III and REMIC II IV as "real estate mortgage investment conduits" (each, a "REMIC") for federal income tax purposes. All of the Certificates issued by REMIC I and REMIC IIIV, other than the Class R Certificate, will represent ownership of REMIC "regular interests"" in REMIC IV. The Class R Certificate will represent ownership of the REMIC "residual interest" in each of REMIC I I, REMIC II, REMIC III and REMIC IIIV.

Appears in 2 contracts

Samples: Terms Agreement (Abn Amro Mortgage Corp Multi Class Cer Ser 2002-8), Terms Agreement (Abn Amro Mortgage Corp Series 2002-7)

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REMIC Election. The Company intends to cause an election to be made to treat REMIC I and REMIC II as "real estate mortgage investment conduits" (each, a "REMIC") for federal income tax purposes. All of the Certificates issued by REMIC I and REMIC II, other than the Class R CertificateCertificates, will represent ownership of REMIC "regular interests". The Class R Certificate Certificates will represent ownership of the REMIC "residual interest" in REMIC I and REMIC II.

Appears in 1 contract

Samples: Terms Agreement (Abn Amro Mortgage Corp Series 2001-4)

REMIC Election. The Company intends to cause an election to be made to treat REMIC I and REMIC II as "real estate mortgage investment conduits" (each, a "REMIC") for federal income tax purposes. All of the Certificates issued by REMIC I and REMIC II, other than the Class R Certificate, will represent ownership of REMIC "regular interests". ." The Class R Certificate will represent ownership of the REMIC "residual interest" in REMIC I II and REMIC II.I.

Appears in 1 contract

Samples: Terms Agreement (Abn Amro Mortgage Corp Series 1999-4)

REMIC Election. The Company intends to cause an election to be made to treat REMIC I and REMIC II as "real estate mortgage investment conduits" (each, a "REMIC") for federal income tax purposes. All of the Certificates issued by REMIC I and REMIC II, other than the Class R Certificate, will represent ownership of REMIC "regular interests". The Class R Certificate will represent ownership of the REMIC "residual interest" in REMIC I and REMIC II.represent

Appears in 1 contract

Samples: Terms Agreement (Abn Amro Mortgage Corp Series 2000-2)

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