Common use of REMIC IV Clause in Contracts

REMIC IV. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the the Class CE-1 Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class R-IV Interest will evidence the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Classes of Certificates. Class CE-1 Variable(2) $27,039,107.53(3) December 26, 2035 _______________

Appears in 1 contract

Sources: Pooling and Servicing Agreement (New Century Home Equity Loan Trust, Series 2005-C)

REMIC IV. As provided herein, the Trustee Trust Administrator will elect to treat the segregated pool of assets consisting of the the Class CE-1 P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class R-IV Interest will evidence the sole class of “residual interests” in REMIC IV for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Classes of Certificates. Class CE-1 Variable(2Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) $27,039,107.53(3) December 26, 2035 _______________

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc., Series 2005-He4)

REMIC IV. As provided herein, the Trustee Securities Administrator will elect to treat the segregated pool of assets consisting of the the Class CE-1 Interest REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class R-IV Interest will evidence the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Classes of Certificates. Class CE-1 Variable(2) $27,039,107.53(3) December 26, 2035 _______________.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (MortgageIT Securities Corp. Mortgage Loan Trust, Series 2007-1)