Common use of REMIC V Clause in Contracts

REMIC V. As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC V created hereunder: Class Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class P Certificates Variable(2) $100.00 December 25, 2035 _______________

Appears in 2 contracts

Samples: Distribution Instructions (MASTR Asset Backed Securities Trust 2006-Am1), Assignment and Recognition Agreement (Mastr Asset Backed Securities Trust 2006-He1)

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REMIC V. As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC V created hereunder: Class Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class P Certificates Variable(2) $100.00 December June 25, 2035 _______________

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust, Series 2005-Ff7), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust, Series 2005-Ff7)

REMIC V. As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC V created hereunder: Class Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class P Certificates Variable(2) $100.00 December July 25, 2035 2036 _______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Nc2)

REMIC V. As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC V created hereunder: Class Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class P Certificates Variable(2) $100.00 December October 25, 2035 2036 _______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Wmc4)

REMIC V. As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC V created hereunder: Class Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class P Certificates Variable(2) $100.00 December September 25, 2035 2036 _______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Nc3)

REMIC V. As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC V created hereunder: Class Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class P Certificates Variable(2) $100.00 December June 25, 2035 2036 _______________

Appears in 1 contract

Samples: Assignment and Recognition Agreement (MASTR Asset Backed Securities Trust 2006-He2)

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REMIC V. As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC V created hereunder: Class Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class P Certificates Variable(2) $100.00 December January 25, 2035 2036 _______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mastr Asset Backed Securities Trust 2006-Fre1)

REMIC V. As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC V created hereunder: Class Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class P Certificates Variable(2) $100.00 December 25, 2035 August 2037 _______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2007-He2)

REMIC V. As provided herein, the Trustee Trust Administrator shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-X-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions. The following table irrevocably sets forth (or describes) the Class designation, Pass-Through Rate and Original initial Class Certificate Principal Balance for the indicated Class of P Certificates that represents a “regular interest” in REMIC V created hereunder: Class Designation Pass-Through Rate Initial Aggregate Class Certificate Principal Balance Latest Possible Assumed Final Maturity Date(1) Class P Certificates Variable(2Certificate N/A $100.00(2) $100.00 December 25, 2035 May 2036 ________________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-A)

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