Common use of Residual Interest Clause in Contracts

Residual Interest. In connection therewith, as of the Closing Date, in exchange for the Mortgage Pool Assets, the Trust does hereby issue to the Company the REMIC I Regular Interests and the Class R-1 Residual Interest.

Appears in 33 contracts

Samples: Pooling and Servicing Agreement (Washington Mutual Mort Sec Corp Mort Pas THR Cer Se 2002-Ar8), Pooling and Servicing Agreement (Pass Through Certificates Series 2002-Ms2), Pooling and Servicing Agreement (Washington Mutual Mortgage Sec Corp Pas Thru Certs 2003ms5)

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Residual Interest. In connection therewith, as of the Closing Date, in exchange for the Mortgage Pool REMIC II Assets, the Trust does hereby issue to the Company the REMIC I II Regular Interests and the Class R-1 R-2 Residual Interest.

Appears in 21 contracts

Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates 2002-S7), Pooling and Servicing Agreement (Washington Mutual MSC Mort Pa THR Cert Series 2003-Ms2), Pooling and Servicing Agreement (Washington Mutual MSC Mortgage Pass-THR Cert Ser 2002-Ar1)

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