Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, is hereby designated as the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a Class 1-A-R Certificate, each Holder thereof irrevocably appoints the Certificate Administrator to act as agent for the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2007-A), Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2007-A), Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2005-B)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-4), Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2007-2), Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-8)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-9 Trust), Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-9 Trust), Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-10 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-ACB-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-ACB-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Series 2005-10), Pooling and Servicing Agreement (Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Series 2005-8), Pooling and Servicing Agreement (Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Series 2005-11)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-4 Trust), Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-5 Trust), Pooling and Servicing Agreement (Banc of America Funding 2007-8 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMICREMICs. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxesREMICs.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Banc of America Funding 2005-H Trust), Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-F Trust), Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-E Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mortgage 2006-2 Trust), Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-8 Trust), Pooling and Servicing Agreement (Banc of America Mortgage 2006-1 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-4 Trust), Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-7 Trust), Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-D)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 3 contracts
Samples: Custodial Agreement (SunTrust Alternative Loan Trust, Series 2005-1f), Pooling and Servicing Agreement (Banc of America Funding 2005-8 Trust), Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-6 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, Intermediate Lower-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, Intermediate Lower-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (Banc of America Funding 2006-3 Trust), Pooling and Servicing Agreement (Banc of America Funding 2006-6 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-ACB-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of the Class 1-CB-R Certificate, each such Holder irrevocably appoints the Trustee as its agent to perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a Class 1-A-R Certificate, each Holder thereof irrevocably appoints the Certificate Administrator to act as agent for the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-1), Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2005-12), Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-9)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC and the Lower-Tier REMICs. By its acceptance of the Class 1-A-R Certificate, such Holder irrevocably appoints the Trustee as its agent to perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a Class 1-A-R Certificate, each Holder thereof irrevocably appoints the Certificate Administrator to act as agent for the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxesREMICs.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Funding Corp), Pooling and Servicing Agreement (Banc of America Funding Corp)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-ACB-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-ACB-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-6), Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-5)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 12-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, Intermediate Lower-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 12-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, Intermediate Lower-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-5 Trust), Pooling and Servicing Agreement (Banc of America Funding 2006-2 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of the Class 1-A-R Certificate, each such Holder irrevocably appoints the Trustee as its agent to perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a Class 1-A-R Certificate, each Holder thereof irrevocably appoints the Certificate Administrator to act as agent for the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mortgage 2007-1 Trust), Pooling and Servicing Agreement (Banc of America Mortgage 2006-3 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-6 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, the -100- Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-8t2 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC and the Lower-Tier REMICs. By its acceptance of the Class 1-A-R Certificate, such Holder irrevocably appoints the Securities Administrator as its agent to perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a Class 1-A-R Certificate, each Holder thereof irrevocably appoints the Certificate Administrator to act as agent for the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxesREMICs.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding Corp)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC and the Lower-Tier REMICs. By its acceptance of the Class 1-A-R Certificate, each such Holder irrevocably appoints the Trustee as its agent to perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a Class 1-A-R Certificate, each Holder thereof irrevocably appoints the Certificate Administrator to act as agent for the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxesREMICs.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (National City Mortgage Capital Trust 2008-1)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 12-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 12-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-7 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-4 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of the Class 1-A-R Certificate, such Holder irrevocably appoints the Trustee as its agent to perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a Class 1-A-R Certificate, each Holder thereof irrevocably appoints the Certificate Administrator to act as agent for the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-E Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each Certificate such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-G Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-ACB-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-ACB-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-3)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 15-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 15-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-2)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of the Class A-R Certificate, each such Holder irrevocably appoints the Trustee as its agent to perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a Class 1-A-R Certificate, each Holder thereof irrevocably appoints the Certificate Administrator to act as agent for the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Mortgage 2007-2 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-5 Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-ACB-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-ACB-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "“tax matters partner" ” under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, is hereby designated as the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a Class 1-A-R Certificate, each Holder thereof irrevocably appoints the Certificate Administrator to act as agent for the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2006-A)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-J Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of the Class 1-A-R Certificate, such Holder irrevocably appoints the Securities Administrator as its agent to perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a Class 1-A-R Certificate, each Holder thereof irrevocably appoints the Certificate Administrator to act as agent for the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-F Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-a Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "“tax matters partner" ” under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 12-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 12-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding Corp)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each Certificate such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each Certificate such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Mortgage 2006-B Trust)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "“tax matters partner" ” under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Securities Administrator as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding Corp)
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-ACB-R Certificates, Certificate is hereby designated as the Tax Matters Person for each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its their acceptance of a the Class 1-ACB-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 1-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC and the each Lower-Tier REMIC. By its acceptance of a the Class 1-A-R Certificate, each Certificate such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxesREMICs.
Appears in 1 contract
Tax Matters Person. The Tax Matters Person shall have the same duties with respect to each the applicable REMIC as those of a "tax matters partner" under Subchapter C of Chapter 63 of Subtitle F of the Code. The Seller, as Holder of a Percentage Interest in the Class 17-A-R Certificates, Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC. By its acceptance of a the Class 17-A-R Certificate, each such Holder thereof irrevocably appoints the Certificate Administrator Trustee as its agent to act as agent for perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, except that the Certificate Administrator shall not be required to pay any taxes.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-E Trust)
