Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 Residual Interest). The Company is entering into this Agreement, and the Trustee is accepting the two separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20, 2001, and a Prospectus Supplement, dated August 27, 2001, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29, 2001. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the Class R Residual Interests and the Certificates: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1) Balance Date* ------------------------ ------------ -------------------- -------------------- ------------------------ Class A-1-L Regular 6.750% $ 100,000,000.00 September 2031 Class A-2-L Regular 6.750% 24,720,000.00 September 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular (3) 2,333,350.00 September 2031 Class A-14-L Regular 6.750%(4) 3,700,650.00 September 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular (3) 1,879,848.00 September 2031 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Class R-1'D' Residual 6.750% 100.00 September 2031
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wmau Mortgage Pass Through Certificates Series 2001-S9)
Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 Residual Interest), the Variable Servicing Interest and the Certificate Insurer. The Company is entering into this Agreement, and the Trustee is accepting the two separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20October 5, 2001, and a Prospectus Supplement, dated August 27December 12, 2001, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29December 14, 2001. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the Class R Residual Interests Interests, the Certificates and the CertificatesCertificate Insurer: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1) Balance Date* ------------------------ ------------ -------------------- -------------------- ------------------------ ---------------------- --------- ------------- --------------- --------------- Class A-1-L Regular 6.750% Variable (2) $ 100,000,000.00 September 2031 50,000,000.00 January 2032 Class A-2-L Regular 6.750% 24,720,000.00 September 2031 Variable (2) 300,000,000.00 January 2032 Class A-3A-3A-L Regular 6.750% 10,000,000.00 September 2031 Variable (2) 43,000,000.00 January 2032 Class A-3B-L Regular Variable (2) 82,000,000.00 January 2032 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Variable (2) 125,480,000.00 January 2032 Class A-5-L Regular 6.750%(2Variable (2) 23,889,000.00 September 2031 161,400,000.00 January 2032 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular Variable (32) 2,333,350.00 September 2031 Class A-14-L Regular 6.750%(4) 3,700,650.00 September 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular (3) 1,879,848.00 September 2031 26,480,000.00 January 2032 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Variable (2) 10,592,000.00 January 2032 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Variable (2) 6,926,000.00 January 2032 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Variable (2) 4,074,000.00 January 2032 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Variable (2) 1,629,000.00 January 2032 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Variable (2) 814,000.00 January 2032 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Variable (2) 2,447,598.14 January 2032 Class R-1'D' R-1+ Residual 6.7505.818% 100.00 September 2031January 2032 * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the "latest possible maturity date" shall be the Final Maturity Date. + The Class R-1 Residual Interest is entitled to receive the applicable Residual Distribution Amount and any Excess Liquidation Proceeds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Thru Certificate Series 2001-Ar6)
Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 Residual Interest). The Company is entering into this Agreement, and the Trustee is accepting the two separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20October 5, 2001, and a Prospectus Supplement, dated August November 27, 2001, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August November 29, 2001. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the Class R Residual Interests and the Certificates: REMIC I Interests Class Designation for each REMIC I Regular Interest and Certificate Initial Class Interest and the Class R-1 Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1Rate(1) Balance Date* ------------------------ ------------ -------------------- -------------------- ------------------------ -------------------- Class A-1-L Regular 6.7506.500% $ 100,000,000.00 September 41,000,000.00 December 2031 Class A-2-L Regular 6.7506.500% 24,720,000.00 September 100,000,000.00 December 2031 Class A-3-L Regular 6.7506.500% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 36,845,000.00 December 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 6.500% 18,400,000.00 December 2031 Class A-6-L Regular 7.0006.500% 75,000,000.00 September 10,000,000.00 December 2031 Class A-7-L Regular 6.750% 117,175,000.00 September (2) 48,677,778.00 December 2031 Class A-8-L Regular 6.750% 10,000,000.00 September (3) 6,219,938.00 December 2031 Class A-9-L Regular 6.750% 35,000,000.00 September (4) 12,502,284.00 December 2031 Class A-10-L Regular 6.7506.500% 73,139,000.00 September 60,000,000.00 December 2031 Class A-11-L Regular 6.500% 55,165,000.00 December 2031 Class A-12-L Regular 6.7506.500% 125,827,000.00 September 2031 Class A-13-L Regular (3) 2,333,350.00 September 200,000,000.00 December 2031 Class A-14-L Regular 6.750%(4) 3,700,650.00 September 6.500% 40,000,000.00 December 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 6.500% 10,500,000.00 December 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 7.250% 12,719,000.00 December 2031 Class A-17-L Regular 5.500% 9,540,000.00 December 2031 Class A-18-L Regular 6.7506.500% 62,000,000.00 September 32,241,000.00 December 2031 Class A-19-L Regular 6.6006.500% 20,000,000.00 September 10,000,000.00 December 2031 Class A-20-L Regular 6.500% 14,000,000.00 December 2031 Class A-21-L Regular 6.7506.500% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 25,000,000.00 December 2031 Class P-L Regular (35) 1,879,848.00 September 728,832.78 December 2031 Class B-1-L Regular 6.7506.500% 12,459,000.00 September 12,680,000.00 December 2031 Class B-2-L Regular 6.7506.500% 4,530,000.00 September 4,611,000.00 December 2031 Class B-3-L Regular 6.7506.500% 2,642,000.00 September 2,689,000.00 December 2031 Class B-4-L Regular 6.7506.500% 2,265,000.00 September 1,921,000.00 December 2031 Class B-5-L Regular 6.7506.500% 1,132,000.00 September 1,153,000.00 December 2031 Class B-6-L Regular 6.7506.500% 1,513,513.00 September 1,923,304.39 December 2031 Class R-1'D' Residual 6.7506.500% 100.00 September 203150.00 December 2031 * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the "latest possible maturity date" shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-S11)
Residual Interest. All covenants The Company has duly authorized the execution and agreements made by delivery of this Agreement to provide for (i) the sale to the Trust of the Mortgage Loans and certain other assets, (ii) the issuance to the Company of the REMIC I and REMIC II Regular Interests and the Trustee herein with respect Class R-1 and Class R-2 Residual Interests representing in the aggregate the entire beneficial interest in REMIC I and REMIC II, (iii) the conveyance to the Trust of the REMIC I Regular Interests are for and (iv) the benefit issuance to the Company of the Holders from time to time of the Certificates (other than the portion of REMIC III Regular Interests and the Class R Certificates R-3 Residual Interest representing ownership of in the Class R-1 Residual Interest)aggregate the entire beneficial interest in REMIC III. The Company is and the Servicer are entering into this Agreement, and the Trustee is and the Delaware Trustee are each accepting the two separate trusts trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20January 6, 20012006, and a Prospectus Supplement, dated August 2721, 20012006, of the Company (together, the "“Prospectus"”). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 2923, 20012006. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be is the "“Trust" ” described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "“Certificates" ” described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests and the Class R Residual Interests and the CertificatesInterests: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class R-1 Residual Interest Type of Interest Principal Final Maturity R-1 Residual Interest Certificate Interest Rate (1) Initial Class Principal Balance Final Maturity Date* ------------------------ ------------ -------------------- -------------------- ------------------------ Class A-1-L Y-1 Regular 6.750% Variable (2) $ 100,000,000.00 407,105.69 September 2031 2036 Class A-2-L Y-2 Regular 6.750% 24,720,000.00 September 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular Variable (3) 2,333,350.00 157,091.61 September 2031 2036 Class A-14-L Z-1 Regular 6.750%(4Variable (2) 3,700,650.00 823,389,771.39 September 2031 2036 Class A-15-L Z-2 Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular Variable (3) 1,879,848.00 314,026,130.54 September 2031 2036 Class B-12-L X-M Regular 6.750% 12,459,000.00 (4) ----- June 2013 Class 2-P-M Regular (5) 3,679,542.00 September 2031 2036 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Class R-1'D' R-1† Residual 6.7505.980% 100.00 September 20312036 * The Distribution Date in the specified month, which is the month following the month in which the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date. † The Class R-1 Residual Interest is entitled to receive the applicable Residual Distribution Amount and any Groups 1-2 Excess Liquidation Proceeds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar10)
Residual Interest. All covenants The Company has duly authorized the execution and agreements made by delivery of this Agreement to provide for (i) the sale to the Trust of the Mortgage Loans and certain other assets, (ii) the issuance to the Company of the REMIC I and REMIC II Regular Interests and the Trustee herein with respect Class R-1 and Class R-2 Residual Interests representing in the aggregate the entire beneficial interest in REMIC I and REMIC II, (iii) the conveyance to the Trust of the REMIC I Regular Interests are for Interests, (iv) the benefit issuance to the Company of the Holders from time REMIC III Regular Interests and the Class R-3 Residual Interest representing in the aggregate the entire beneficial interest in REMIC III, (v) the conveyance to time the Trust of the Certificates REMIC III Regular Interests and (other than v) the portion issuance to the Company of the Class R Certificates representing ownership of REMIC IV Regular Interests and the Class R-1 R-4 Residual Interest)Interest representing in the aggregate the entire beneficial interest in REMIC IV. The Company is and the Servicer are entering into this Agreement, and the Trustee is and the Delaware Trustee are each accepting the two separate trusts trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20January 6, 20012006, and a Prospectus Supplement, dated August 27September 22, 20012006, of the Company (together, the "“Prospectus"”). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29September 24, 20012006. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be is the "“Trust" ” described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "“Certificates" ” described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests and the Class R Residual Interests and the CertificatesInterests: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class R-1 Residual Interest Type of Interest Principal Final Maturity R-1 Residual Interest Certificate Interest Rate (1) Initial Class Principal Balance Final Maturity Date* ------------------------ ------------ -------------------- -------------------- ------------------------ Class A-1-L Y-1 Regular 6.750% Variable (2) $ 100,000,000.00 September 2031 509,475.54 October 2036 Class A-2-L Y-2 Regular 6.750% 24,720,000.00 September 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular Variable (3) 2,333,350.00 September 2031 219,128.30 October 2036 Class A-14-L Z-1 Regular 6.750%(4Variable (2) 3,700,650.00 September 2031 1,022,910,728.72 October 2036 Class A-15-L Z-2 Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular Variable (3) 1,879,848.00 September 2031 438,037,472.58 October 2036 Class B-12-L X-M Regular 6.750% 12,459,000.00 September 2031 (4) ----- June 2013 Class B-22-L P-M Regular 6.750% 4,530,000.00 September 2031 (5) 1,912,649.00 October 2036 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Class R-1'D' R-1† Residual 6.7506.099% 100.00 September 2031October 2036 * The Distribution Date in the specified month, which is the month following the month in which the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date. † The Class R-1 Residual Interest is entitled to receive the applicable Residual Distribution Amount and any Groups 1-2 Excess Liquidation Proceeds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar12)
Residual Interest. All covenants The Company has duly authorized the execution and agreements made by delivery of this Agreement to provide for (i) the sale to the Trust of the Mortgage Loans and certain other assets, (ii) the issuance to the Company of the REMIC I and REMIC II Regular Interests and the Trustee herein with respect Class R-1 and Class R-2 Residual Interests representing in the aggregate the entire beneficial interest in REMIC I and REMIC II, (iii) the conveyance to the Trust of the REMIC I Regular Interests are for and (iv) the benefit issuance to the Company of the Holders from time to time of the Certificates (other than the portion of REMIC III Regular Interests and the Class R Certificates R-3 Residual Interest representing ownership of in the Class R-1 Residual Interest)aggregate the entire beneficial interest in REMIC III. The Company is and the Servicer are entering into this Agreement, and the Trustee is and the Delaware Trustee are each accepting the two separate trusts trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20January 6, 20012006, and a Prospectus Supplement, dated August 27November 16, 20012006, of the Company (together, the "“Prospectus"”). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29November 20, 20012006. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be is the "“Trust" ” described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "“Certificates" ” described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests and the Class R Residual Interests and the CertificatesInterests: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class R-1 Residual Interest Type of Interest Principal Final Maturity R-1 Residual Interest Certificate Interest Rate (1) Initial Class Principal Balance Final Maturity Date* ------------------------ ------------ -------------------- -------------------- ------------------------ Class A-1-L Y-1 Regular 6.750% Variable (2) $ 100,000,000.00 September 2031 293,227.94 December 2036 Class A-2-L Y-2 Regular 6.750% 24,720,000.00 September 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular Variable (3) 2,333,350.00 September 2031 182,809.73 December 2036 Class A-14-L Z-1 Regular 6.750%(4Variable (2) 3,700,650.00 September 2031 586,185,680.83 December 2036 Class A-15-L Z-2 Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular Variable (3) 1,879,848.00 September 2031 365,436,640.92 December 2036 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Class R-1'D' R-1† Residual 6.7505.6338% 100.00 September 2031December 2036 * The Distribution Date in the specified month, which is the month following the month in which the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date. † The Class R-1 Residual Interest is entitled to receive the applicable Residual Distribution Amount and any Groups 1-2 Excess Liquidation Proceeds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar16)
Residual Interest. All covenants The Company has duly authorized the execution and agreements made by delivery of this Agreement to provide for (i) the sale to the Trust of the Mortgage Loans and certain other assets, (ii) the issuance to the Company of the REMIC I and REMIC II Regular Interests and the Trustee herein with respect Class R-1 and Class R-2 Residual Interests representing in the aggregate the entire beneficial interest in REMIC I and REMIC II, (iii) the conveyance to the Trust of the REMIC I Regular Interests are for and (iv) the benefit issuance to the Company of the Holders from time to time of the Certificates (other than the portion of REMIC III Regular Interests and the Class R Certificates R-3 Residual Interest representing ownership of in the Class R-1 Residual Interest)aggregate the entire beneficial interest in REMIC III. The Company is and the Servicer are entering into this Agreement, and the Trustee is and the Delaware Trustee are each accepting the two separate trusts trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20February 13, 20012007, and a Prospectus Supplement, dated August 27February 13, 20012007, of the Company (together, the "“Prospectus"”). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29February 15, 20012007. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be is the "“Trust" ” described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "“Certificates" ” described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests and the Class R Residual Interests and the CertificatesInterests: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class R-1 Residual Interest Type of Interest Principal Final Maturity R-1 Residual Interest Certificate Interest Rate (1) Initial Class Principal Balance Final Maturity Date* ------------------------ ------------ -------------------- -------------------- ------------------------ Class A-1-L Y-1 Regular 6.750% Variable (2) $ 100,000,000.00 September 2031 556,860.19 November 2038 Class A-2-L Y-2 Regular 6.750% 24,720,000.00 September 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular Variable (3) 2,333,350.00 September 2031 134,661.56 November 2038 Class A-14-L Z-1 Regular 6.750%(4Variable (2) 3,700,650.00 September 2031 1,113,239,142.32 November 2038 Class A-15-L Z-2 Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular Variable (3) 1,879,848.00 September 2031 269,188,457.62 November 2038 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Class R-1'D' R-1† Residual 6.7505.651% 100.00 September 2031November 2038 * The Distribution Date in the specified month, which is two years following the month in which the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date. † The Class R-1 Residual Interest is entitled to receive the applicable Residual Distribution Amount and any Groups 1-2 Excess Liquidation Proceeds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2007-Hy2)
Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 Residual Interest). The Company is entering into this Agreement, and the Trustee is accepting the two separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20, 2001, and a Prospectus Supplement, dated August 27September 26, 2001, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29September 28, 2001. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the Class R Residual Interests and the Certificates: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1) Balance Date* ------------------------ ------------ -------------------- -------------------- ------------------------ ------------------- Class A-1-L Regular 6.750% $ 100,000,000.00 September $108,694,000.00 October 2031 Class A-2-L Regular 6.750% 24,720,000.00 September 24,940,000.00 October 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 6,322,000.00 October 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 56,305,482.00 October 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 5,776,000.00 October 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 47,587,000.00 October 2031 Class A-8-L Regular 6.750% 10,000,000.00 September (3) 2,397,000.00 October 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 808,000.00 October 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 47,760,000.00 October 2031 Class A-11-L Regular 6.750%(4) 2,871,000.00 October 2031 Class A-12-L Regular 6.7507.000% 125,827,000.00 September 19,567,000.00 October 2031 Class A-13-L Regular (3) 2,333,350.00 September 7.000% 16,826,000.00 October 2031 Class A-14-L Regular 6.750%(4) 3,700,650.00 September 7.000% 3,633,000.00 October 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 7.000% 3,911,000.00 October 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 7.000% 2,092,000.00 October 2031 Class A-17-L Regular 7.000% 4,690,000.00 October 2031 Class A-18-L Regular 6.7507.000% 62,000,000.00 September 7,000,000.00 October 2031 Class A-19-L Regular 6.6007.000% 20,000,000.00 September 2,000,000.00 October 2031 Class A-20-L Regular 6.750% 13,580,000.00 October 2031 Class A-21-L Regular 6.750% 325,000.00 September 8,900,000.00 October 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 6,626,000.00 October 2031 Class A-23-L Regular 7.000% 5,000,000.00 October 2031 Class A-24-L Regular 6.750% 70,239,000.00 October 2031 Class A-25-L Regular 7.250% 2,000,000.00 October 2031 Class A-26-L Regular 6.500% 4,000,000.00 October 2031 Class A-27-L Regular 6.750% 975,000.00 October 2031 Class A-28-L Regular 7.000% 1,462,000.00 October 2031 Class A-29-L Regular 6.750% 2,923,000.00 October 2031 Class A-30-L Regular 7.000% 1,461,000.00 October 2031 Class A-31-L Regular 6.500% 1,461,000.00 October 2031 Class A-32-L Regular 7.000% 1,225,000.00 October 2031 Class A-33-L Regular 6.500% 1,225,000.00 October 2031 Class A-35-L Regular 6.750%(5) 582,000.00 October 2031 Class A-36-L Regular 6.500% 1,462,000.00 October 2031 Class A-37-L Regular 6.750% 10,154,000.00 October 2031 Class A-38-L Regular 6.750% 24,703,000.00 October 2031 Class A-39-L Regular 6.750% 8,598,000.00 October 2031 Class A-41-L Regular 6.750% 41,374,000.00 October 2031 Class X-L Regular 6.750%(76.750%(6) -- September ---- October 2031 Class P-L Regular (3) 1,879,848.00 September 1,393,352.00 October 2031 Class B-1-L Regular 6.750% 12,459,000.00 September 9,774,058.00 October 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 3,554,204.00 October 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2,665,652.00 October 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 1,777,102.00 October 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 888,551.00 October 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Class R-1'D' Residual 6.750% 100.00 September 1,184,734.52 October 2031
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Washington Mutual MSC Mort Pass Through Cert Ser 2001-Ms11)
Residual Interest. All covenants The Company has duly authorized the execution and agreements made by delivery of this Agreement to provide for (i) the sale to the Trust of the Mortgage Loans and certain other assets, (ii) the issuance to the Company of the REMIC I, REMIC II and REMIC III Regular Interests and the Trustee herein with respect Class R-1, Class R-2 and Class R-3 Residual Interests representing in the aggregate the entire beneficial interest in REMIC I, REMIC II and REMIC III, (iii) the conveyance to the Trust of the REMIC I Regular Interests are for and (iv) the benefit issuance to the Company of the Holders from time to time of the Certificates (other than the portion of REMIC IV Regular Interests and the Class R Certificates R-4 Residual Interest representing ownership of in the Class R-1 Residual Interest)aggregate the entire beneficial interest in REMIC IV. The Company is and the Servicer are entering into this Agreement, and the Trustee is and the Delaware Trustee are each accepting the two separate trusts trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20February 13, 20012007, and a Prospectus Supplement, dated August 27February 23, 20012007, of the Company (together, the "“Prospectus"”). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29February 27, 20012007. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be is the "“Trust" ” described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "“Certificates" ” described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests, the REMIC IV Regular Interests and the Class R Residual Interests and the CertificatesInterests: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class R-1 Residual Interest Type of Interest Principal Final Maturity R-1 Residual Interest Certificate Interest Rate (1) Initial Class Principal Balance Final Maturity Date* ------------------------ ------------ -------------------- -------------------- ------------------------ Class A-1-L Y-1 Regular 6.750% Variable (2) $ 100,000,000.00 September 2031 316,958.49 February 2039 Class A-2-L Y-2 Regular 6.750% 24,720,000.00 September 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular Variable (3) 2,333,350.00 September 2031 286,038.86 February 2039 Class A-14-L Z-1 Regular 6.750%(4Variable (2) 3,700,650.00 September 2031 633,600,027.63 February 2039 Class A-15-L Z-2 Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular Variable (3) 1,879,848.00 September 2031 571,797,491.19 February 2039 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Class R-1'D' R-1† Residual 6.7505.705% 100.00 September 2031February 2039 * The Distribution Date in the specified month, which is two years following the month in which the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date. † The Class R-1 Residual Interest is entitled to receive the applicable Residual Distribution Amount and any Groups 1-2 Excess Liquidation Proceeds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2007-Hy3)
Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I II Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 and Class R-2 Residual Interests) and the Variable Servicing Interest). The Company is entering into this Agreement, and the Trustee is accepting the two three separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20, 2001, and a Prospectus Supplement, dated August 2720, 2001, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 2923, 2001. The Trust Fund, the REMIC II Trust Fund and the REMIC II III Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the Class R Residual Interests and the Certificates: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1) Balance Final Maturity Date* ------------------------ ---------------------- ------------ -------------------- -------------------- ------------------------ --------------------- Class A-1-L Y-1 Regular 6.750% Variable(2) $ 100,000,000.00 277,894.03 September 2031 Class A-2-L Y-2 Regular 6.750% 24,720,000.00 Variable(3) 92,686.68 September 2031 Class A-3-L Z-1 Regular 6.750% 10,000,000.00 Variable(2) 555,534,555.49 September 2031 Class A-4-L Z-2 Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2Variable(3) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular (3) 2,333,350.00 September 2031 Class A-14-L Regular 6.750%(4) 3,700,650.00 September 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular (3) 1,879,848.00 September 2031 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 185,280,670.19 September 2031 Class R-1'D' Residual 6.7504.949% 100.00 September 2031
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wamu Mor Pass Thru Cert Ser 2001-Ar1)
Residual Interest. All covenants The Company has duly authorized the execution and agreements made by delivery of this Agreement to provide for (i) the sale to the Trust of the Mortgage Loans and certain other assets, (ii) the issuance to the Company of the REMIC I, REMIC II and REMIC III Regular Interests and the Class R-1, Class R-2 and Class R-3 Residual Interests representing in the aggregate the entire beneficial interest in REMIC I, REMIC II and REMIC III, (iii) the conveyance to the Trust of the REMIC I and REMIC III Regular Interests and (iv) the issuance to the Company of the REMIC IV Regular Interests and the Class R-4 Residual Interest representing in the aggregate the entire beneficial interest in REMIC IV. The Company and the Trustee herein with respect to the REMIC I Regular Interests Servicer are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 Residual Interest). The Company is entering into this Agreement, and the Trustee is and the Delaware Trustee are each accepting the two separate trusts trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20January 11, 20012007, and a Prospectus Supplement, dated August 27January 22, 20012007, of the Company (together, the "“Prospectus"”). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29January 24, 20012007. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be is the "“Trust" ” described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "“Certificates" ” described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests, the REMIC IV Regular Interests and the Class R Residual Interests and the CertificatesInterests: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class R-1 Residual Interest Type of Interest Principal Final Maturity R-1 Residual Interest Certificate Interest Rate (1) Initial Class Principal Balance Final Maturity Date* ------------------------ ------------ -------------------- -------------------- ------------------------ Class A-1-L Y-1 Regular 6.750% Variable (2) $ 100,000,000.00 September 2031 328,999.27 January 2039 Class A-2-L Y-2 Regular 6.750% 24,720,000.00 September 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular Variable (3) 2,333,350.00 September 2031 375,581.17 January 2039 Class A-14-L Z-1 Regular 6.750%(4Variable (2) 3,700,650.00 September 2031 657,669,537.19 January 2039 Class A-15-L Z-2 Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular Variable (3) 1,879,848.00 September 2031 750,800,919.73 January 2039 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Class R-1'D' R-1† Residual 6.7505.7322% 100.00 September 2031January 2039 * The Distribution Date in the specified month, which is two years following the month in which the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date. † The Class R-1 Residual Interest is entitled to receive the applicable Residual Distribution Amount and any Groups 1-2 Excess Liquidation Proceeds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2007-Hy1)
Residual Interest. All covenants The Company has duly authorized the execution and agreements made by delivery of this Agreement to provide for (i) the conveyance to the Trust of the Mortgage Loans and certain other assets, (ii) the issuance to the Company of the REMIC I and REMIC II Regular Interests and the Trustee herein with respect Class R-1 and Class R-2 Residual Interests representing in the aggregate the entire beneficial interest in REMIC I and REMIC II, and the Class PPP Certificates, (iii) the conveyance to the Trust of the REMIC I Regular Interests are for and (vi) the benefit issuance to the Company of the Holders from time to time of the Certificates (other than the portion of REMIC III Regular Interests and the Class R Certificates representing ownership of the Class R-1 R-3 Residual Interest), representing in the aggregate the entire beneficial interest in REMIC III. The Company is Company, the Servicer and the Master Servicer are entering into this Agreement, and the Trustee is and the Delaware Trustee are each accepting the two separate trusts trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20January 6, 20012006, and a Prospectus Supplement, dated August 27July 26, 20012006, of the Company (together, the "“Prospectus"”). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29July 28, 20012006. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be is the "“Trust" ” described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "“Certificates" ” described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests and the Class R Residual Interests and the CertificatesInterests: REMIC I Interests Class Designation for each Class of REMIC I Regular Certificate Initial Class Interest Interests and the Class R-1 Residual Interest Type of Interest Principal Final Maturity R-1 Residual Interest Certificate Interest Rate (1) Initial Class Principal Balance Final Maturity Date* ------------------------ ------------ -------------------- -------------------- ------------------------ Class A-1C-L Y-1 Regular 6.7506.500% $ 100,000,000.00 September 2031 139,087.73 August 2036 Class A-2C-L Regular 6.750% 24,720,000.00 September 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Y-2 Regular 7.000% 75,000,000.00 September 2031 50,184.64 August 2036 Class A-7C-L Z-1 Regular 6.7506.500% 117,175,000.00 September 2031 278,036,492.51 August 2036 Class A-8C-L Z-2 Regular 6.7507.000% 10,000,000.00 September 2031 100,319,096.19 August 2036 Class A-9C-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular (3) 2,333,350.00 September 2031 Class A-14-L Regular 6.750%(4) 3,700,650.00 September 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L M Regular 6.750%(76.500% (2) -- September 2031 ----- August 2036 Class P-L Regular (3) 1,879,848.00 September 2031 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Class R-1'D' R-1† Residual 6.7506.500% 100.00 September 2031August 2036 * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group (or Loan Groups, as applicable) matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date. † The Class R-1 Residual Interest is entitled to receive the applicable Residual Distribution Amount and any Groups 1-3 Excess Liquidation Proceeds.
Appears in 1 contract
Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I II Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 and Class R-2 Residual InterestInterests). The Company is entering into this Agreement, and the Trustee is accepting the two three separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20October 5, 2001, and a Prospectus Supplement, dated August 27October 26, 2001, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29, October 30 2001. The Trust Fund, the REMIC II Trust Fund and the REMIC II III Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the Class R Residual Interests and the Certificates: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class Certificate Initial Class R-1 Residual Interest Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1) Balance Final Maturity Date* ------------------------ ---------------------- ------------ -------------------- -------------------- ------------------------ Class A-1C-L Y-1 Regular 6.750% $ 100,000,000.00 September $108,724.01 November 2031 Class A-2C-L Y-2 Regular 6.500% 159,885.13 November 2031 Class C-Z-1 Regular 6.750% 24,720,000.00 September 217,676,432.94 November 2031 Class A-3C-L Z-2 Regular 6.500% 319,610,370.73 November 2031 Class A-X-M Regular 6.750% 10,000,000.00 September (2) ----- November 2031 Class A-4II-L X-M Regular 6.7506.500% 28,084,000.00 September 2031 (2) ----- November 2016 Class A-5A-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6P-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L M Regular (3) 2,333,350.00 September 116,764.49 November 2031 Class A-14II-L Regular 6.750%(4) 3,700,650.00 September 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L M Regular (3) 1,879,848.00 September 2031 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 576,473.30 November 2016 Class R-1'D' Residual 6.7506.500% 100.00 September 50.00 November 2031
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Washington Mutual MSC Mort Pass-Through Cert Ser 2001-Ms12)
Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I II Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 and Class R-2 Residual InterestInterests). The Company is entering into this Agreement, and the Trustee is accepting the two three separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20, 2001, and a Prospectus Supplement, dated August 2729, 2001, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 2931, 2001. The Trust Fund, the REMIC II Trust Fund and the REMIC II III Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the Class R Residual Interests and the Certificates: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1) Balance Final Maturity Date* ------------------------ ---------------------- ------------ -------------------- -------------------- ------------------------ Class A-1U Regular 7.000% $ 298,059,623.11 September 2031 Class C-L Y-1 Regular 6.500% 120,889.87 September 2016 Class C-Y-2 Regular 6.750% $ 100,000,000.00 229,406.99 September 2031 Class A-2C-L Z-1 Regular 6.500% 241,658,850.09 September 2016 Class C-Z-2 Regular 6.750% 24,720,000.00 461,395,314.60 September 2031 Class A-3I-L X-M Regular 6.500% (2) ----- September 2016 Class II-X-M Regular 7.000% (2) ----- September 2031 Class A-X-M Regular 6.750% 10,000,000.00 (2) ----- September 2031 Class A-4I-L Regular 6.750% 28,084,000.00 September 2031 Class A-5P-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L M Regular (3) 2,333,350.00 1,770,700.00 September 2031 2016 Class A-14II-L Regular 6.750%(4) 3,700,650.00 September 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L M Regular (3) 1,879,848.00 475,748.00 September 2031 Class B-1A-L P-M Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 (3) 845,953.00 September 2031 Class R-1'D' Residual 6.7506.500% 100.00 50.00 September 20312031 * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group (or Loan Groups, as applicable) matures.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Pass Through Certificates Series 2001-Ms10)
Residual Interest. All covenants The Company has duly authorized the execution and agreements made by delivery of this Agreement to provide for (i) the sale to the Trust of the Mortgage Loans and certain other assets, (ii) the issuance to the Company of the REMIC I, REMIC II and REMIC III Regular Interests and the Class R-1, Class R-2 and Class R-3 Residual Interests representing in the aggregate the entire beneficial interest in REMIC I, REMIC II and REMIC III, (iii) the conveyance to the Trust of the REMIC I and REMIC III Regular Interests and (iv) the issuance to the Company of the REMIC IV Regular Interests and the Class R-4 Residual Interest representing in the aggregate the entire beneficial interest in REMIC IV. The Company and the Trustee herein with respect to the REMIC I Regular Interests Servicer are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 Residual Interest). The Company is entering into this Agreement, and the Trustee is and the Delaware Trustee are each accepting the two separate trusts trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20March 22, 20012007, and a Prospectus Supplement, dated August 27March 22, 20012007, of the Company (together, the "“Prospectus"”). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29March 26, 20012007. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be is the "“Trust" ” described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "“Certificates" ” described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests, the REMIC IV Regular Interests and the Class R Residual Interests and the CertificatesInterests: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class R-1 Residual Interest Type of Interest Principal Final Maturity R-1 Residual Interest Certificate Interest Rate (1) Initial Class Principal Balance Final Maturity Date* ------------------------ ------------ -------------------- -------------------- ------------------------ Class A-1-L Y-1 Regular 6.750% Variable (2) $ 100,000,000.00 September 2031 345,403.89 March 2039 Class A-2-L Y-2 Regular 6.750% 24,720,000.00 September 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular Variable (3) 2,333,350.00 September 2031 186,304.90 March 2039 Class A-14-L Z-1 Regular 6.750%(4Variable (2) 3,700,650.00 September 2031 690,466,994.98 March 2039 Class A-15-L Z-2 Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular Variable (3) 1,879,848.00 September 2031 372,423,502.52 March 2039 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Class R-1'D' R-1† Residual 6.7505.575% 100.00 September 2031March 2039 * The Distribution Date in the specified month, which is two years following the month in which the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date. † The Class R-1 Residual Interest is entitled to receive the applicable Residual Distribution Amount and any Groups 1-2 Excess Liquidation Proceeds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2007-Hy4)
Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 Residual Interest)) and the Variable Servicing Interest. The Company is entering into this Agreement, and the Trustee is accepting the two separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20October 5, 2001, and a Prospectus Supplement, dated August 27November 9, 2001, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29November 14, 2001. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the Class R Residual Interests and the Certificates: REMIC I Interests Class Designation for each REMIC I Regular Interest and Certificate Initial Class Interest and the Class R-1 Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1) Balance Date* ------------------------ ------------ -------------------- -------------------- ------------------------ Class A-1-L Regular 6.750% Variable (2) $ 100,000,000.00 September 308,000,000.00 December 2031 Class A-2-L Regular 6.750% 24,720,000.00 September Variable (2) 104,000,000.00 December 2031 Class A-3-L Regular 6.750% 10,000,000.00 September Variable (2) 112,121,000.00 December 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2Variable (2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular (3) 2,333,350.00 September 2031 Class A-14-L Regular 6.750%(4) 3,700,650.00 September 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular (3) 1,879,848.00 September 163,750,000.00 December 2031 Class B-1-L Regular 6.750% 12,459,000.00 September Variable (2) 9,242,000.00 December 2031 Class B-2-L Regular 6.750% 4,530,000.00 September Variable (2) 6,043,000.00 December 2031 Class B-3-L Regular 6.750% 2,642,000.00 September Variable (2) 3,554,000.00 December 2031 Class B-4-L Regular 6.750% 2,265,000.00 September Variable (2) 1,421,000.00 December 2031 Class B-5-L Regular 6.750% 1,132,000.00 September Variable (2) 710,000.00 December 2031 Class B-6-L Regular 6.750% 1,513,513.00 September Variable (2) 2,137,410.70 December 2031 Class R-1'D' Residual 6.7502.784% 100.00 September December 2031
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar4)
Residual Interest. All covenants The Company has duly authorized the execution and agreements made by delivery of this Agreement to provide for (i) the sale to the Trust of the Mortgage Loans and certain other assets, (ii) the issuance to the Company of the REMIC I and REMIC II Regular Interests and the Trustee herein with respect Class R-1 and Class R-2 Residual Interests representing in the aggregate the entire beneficial interest in REMIC I and REMIC II, (iii) the conveyance to the Trust of the REMIC I Regular Interests are for and (iv) the benefit issuance to the Company of the Holders from time to time of the Certificates (other than the portion of REMIC III Regular Interests and the Class R Certificates R-3 Residual Interest representing ownership of in the Class R-1 Residual Interest)aggregate the entire beneficial interest in REMIC III. The Company is and the Servicer are entering into this Agreement, and the Trustee is and the Delaware Trustee are each accepting the two separate trusts trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20December 18, 20012006, and a Prospectus Supplement, dated August 27December 18, 20012006, of the Company (together, the "“Prospectus"”). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29December 20, 20012006. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be is the "“Trust" ” described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "“Certificates" ” described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the REMIC III Regular Interests and the Class R Residual Interests and the CertificatesInterests: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class R-1 Residual Interest Type of Interest Principal Final Maturity R-1 Residual Interest Certificate Interest Rate (1) Initial Class Principal Balance Final Maturity Date* ------------------------ ------------ -------------------- -------------------- ------------------------ Class A-1-L Y-1 Regular 6.750% $ 100,000,000.00 September 2031 Variable (2) $417,335.86 January 2037 Class A-2-L Y-2 Regular 6.750% 24,720,000.00 September 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular Variable (3) 2,333,350.00 September 2031 152,254.70 January 2037 Class A-14-L Z-1 Regular 6.750%(4Variable (2) 3,700,650.00 September 2031 834,267,529.37 January 2037 Class A-15-L Z-2 Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular Variable (3) 1,879,848.00 September 2031 304,357,139.44 January 2037 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 Class R-1'D' R-1† Residual 6.7505.372% 100.00 September 2031January 2037 * The Distribution Date in the specified month, which is the month following the month in which the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date. † The Class R-1 Residual Interest is entitled to receive the applicable Residual Distribution Amount and any Groups 1-2 Excess Liquidation Proceeds.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar18)
Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I II Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 and Class R-2 Residual InterestInterests). The Company is entering into this Agreement, and the Trustee is accepting the two three separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20October 5, 2001, and a Prospectus Supplement, dated August 27October 23, 2001, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29October 25, 2001. The Trust Fund, the REMIC II Trust Fund and the REMIC II III Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the Class R Residual Interests and the Certificates: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1) Balance Final Maturity Date* ------------------------ ---------------------- ------------ -------------------- -------------------- ------------------------ Class A-1-L Y-1 Regular 6.7506.500% $ 100,000,000.00 September 212,171.74 October 2031 Class A-2-L Y-2 Regular 6.7506.250% 24,720,000.00 September 49,062.10 October 2016 Class Z-1 Regular 6.500% 424,131,312.67 October 2031 Class A-3Z-2 Regular 6.250% 98,174,792.68 October 2016 Class I-L P-M Regular 6.750% 10,000,000.00 September (2) 547,821.48 October 2031 Class A-4II-L Regular 6.750% 28,084,000.00 September 2031 Class A-5P-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L M Regular (32) 2,333,350.00 September 2031 Class A-14-L Regular 6.750%(4) 3,700,650.00 September 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular (3) 1,879,848.00 September 2031 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 206,309.67 October 2016 Class R-1'D' Residual 6.7506.500% 100.00 September 203150.00 October 2031 * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group (or Loan Groups, as applicable) matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the "latest possible maturity date" shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass-Through Certificates Series 2001-S10)
Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 Residual Interest)) and the Variable Servicing Interest. The Company is entering into this Agreement, and the Trustee is accepting the two separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20October 5, 2001, and a Prospectus Supplement, dated August 27October 5, 2001, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29October 12, 2001. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the Class R Residual Interests and the Certificates: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1) Balance Date* ------------------------ ------------ -------------------- -------------------- ------------------------ --------------------- Class A-1-L Regular 6.750% Variable (2) $ 100,000,000.00 September 284,000,000.00 November 2031 Class A-2-L Regular 6.750% 24,720,000.00 September Variable (2) 101,000,000.00 November 2031 Class A-3-L Regular 6.750% 10,000,000.00 September Variable (2) 116,634,000.00 November 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2Variable (2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular (3) 2,333,350.00 September 2031 Class A-14-L Regular 6.750%(4) 3,700,650.00 September 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular (3) 1,879,848.00 September 213,000,000.00 November 2031 Class B-1-L Regular 6.750% 12,459,000.00 September Variable (2) 9,602,000.00 November 2031 Class B-2-L Regular 6.750% 4,530,000.00 September Variable (2) 6,278,000.00 November 2031 Class B-3-L Regular 6.750% 2,642,000.00 September Variable (2) 2,954,000.00 November 2031 Class B-4-L Regular 6.750% 2,265,000.00 September Variable (2) 1,846,000.00 November 2031 Class B-5-L Regular 6.750% 1,132,000.00 September Variable (2) 1,846,000.00 November 2031 Class B-6-L Regular 6.750% 1,513,513.00 September Variable (2) 1,480,315.33 November 2031 Class R-1'D' Residual 6.7503.366% 100.00 September November 2031
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar2)
Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I II Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 and Class R-2 Residual InterestInterests). The Company is entering into this Agreement, and the Trustee is accepting the two three separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20October 5, 2001, and a Prospectus Supplement, dated August November 27, 2001, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August November 29, 2001. The Trust Fund, the REMIC II Trust Fund and the REMIC II III Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance, initial Component Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests, the Class R Residual Interests and the Certificates: REMIC I Interests Class Designation for each REMIC I Regular Interest Certificate Initial Class Interest and the Class R-1 Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1) Balance Final Maturity Date* ------------------------ ------------ ---------------------- ---------- -------------------- -------------------- ------------------------ Class A-1C-L Y-1 Regular 6.270% $ 164,378.02 December 2031 Class C-Y-2 Regular 6.000% 131,093.10 December 2016 Class C-Y-3 Regular 6.750% $ 100,000,000.00 September 50,711.25 December 2031 Class A-2C-L Y-4 Regular 6.500% 208,792.20 December 2031 Class C-Z-1 Regular 6.270% 328,591,669.41 December 2031 Class C-Z-2 Regular 6.000% 262,055,111.24 December 2016 Class C-Z-3 Regular 6.750% 24,720,000.00 September 101,484,583.41 December 2031 Class A-3C-L Z-4 Regular 6.7506.500% 10,000,000.00 September 417,839,993.70 December 2031 Class A-4A-L X-M Regular 6.750% 28,084,000.00 September 6.500%(2) ----- December 2031 Class A-5II-L X-M Regular 6.750%(26.000%(2) 23,889,000.00 September 2031 ----- December 2016 Class A-6A-L Regular 7.000% 75,000,000.00 September 2031 Class A-7P-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L M Regular (3) 2,333,350.00 September 680,291.61 December 2031 Class A-14II-L Regular 6.750%(4) 3,700,650.00 September 2031 Class A-15-L Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L M Regular (3) 1,879,848.00 September 2031 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 376,459.48 December 2016 Class R-1'D' Residual 6.7506.000% 100.00 September 50.00 December 2031
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Washington Mutual MSC Mortgage Pass Thro Cert Ser 2001-Ms14)
Residual Interest. All covenants and agreements made by the Company and the Trustee herein with respect to the REMIC I Regular Interests are for the benefit of the Holders from time to time of the Certificates (other than the portion of the Class R Certificates representing ownership of the Class R-1 Residual Interest). The Company is entering into this Agreement, and the Trustee is accepting the two separate trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated August 20October 5, 2001, and a Prospectus Supplement, dated August 27November 8, 2001 (as supplemented by a Supplement dated November 9, 2001), of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated August 29November 9, 2001. The Trust Fund and the REMIC II Trust Fund created hereunder are collectively intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the Class R Residual Interests and the Certificates: REMIC I Interests Class Designation for each REMIC I Regular Certificate Initial Class Interest and the Class Type of Interest Principal Final Maturity R-1 Residual Interest Interest Rate (1) Balance Final Maturity Date* ------------------------ ---------------------- ------------ -------------------- -------------------- ------------------------ ---------------------- Class A-1-L Y-1 Regular 6.750% Variable (2) $ 100,000,000.00 September 2031 382,997.27 November 2041 Class A-2-L Y-2 Regular 6.750% 24,720,000.00 September 2031 Class A-3-L Regular 6.750% 10,000,000.00 September 2031 Class A-4-L Regular 6.750% 28,084,000.00 September 2031 Class A-5-L Regular 6.750%(2) 23,889,000.00 September 2031 Class A-6-L Regular 7.000% 75,000,000.00 September 2031 Class A-7-L Regular 6.750% 117,175,000.00 September 2031 Class A-8-L Regular 6.750% 10,000,000.00 September 2031 Class A-9-L Regular 6.750% 35,000,000.00 September 2031 Class A-10-L Regular 6.750% 73,139,000.00 September 2031 Class A-12-L Regular 6.750% 125,827,000.00 September 2031 Class A-13-L Regular Variable (3) 2,333,350.00 September 2031 200,676.38 November 2041 Class A-14-L Z-1 Regular 6.750%(4Variable (2) 3,700,650.00 September 2031 765,614,524.27 November 2041 Class A-15-L Z-2 Regular 6.750%(5) 14,000,000.00 September 2031 Class A-16-L Regular 6.750%(6) 1,000,000.00 September 2031 Class A-18-L Regular 6.750% 62,000,000.00 September 2031 Class A-19-L Regular 6.600% 20,000,000.00 September 2031 Class A-21-L Regular 6.750% 325,000.00 September 2031 Class A-22-L Regular 6.750% 2,500,000.00 September 2031 Class X-L Regular 6.750%(7) -- September 2031 Class P-L Regular Variable (3) 1,879,848.00 September 2031 Class B-1-L Regular 6.750% 12,459,000.00 September 2031 Class B-2-L Regular 6.750% 4,530,000.00 September 2031 Class B-3-L Regular 6.750% 2,642,000.00 September 2031 Class B-4-L Regular 6.750% 2,265,000.00 September 2031 Class B-5-L Regular 6.750% 1,132,000.00 September 2031 Class B-6-L Regular 6.750% 1,513,513.00 September 2031 401,152,085.65 November 2041 Class R-1'D' Residual 6.750% 100.00 September 2031Variable (3) 50.00 November 2041
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar3)
