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 Holder of the Class 1-A-R Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC. The Holder of the Class 1-A-MR Certificate is hereby designated as the Tax Matters Person for the Middle-Tier REMIC. The Holder of the Class 1-A-LR Certificate is hereby designated as the Tax Matters Person for the Lower-Tier REMIC. By their acceptance of the Class 1-A-R, Class 1-A-MR or Class 1-A-LR Certificate, as applicable, 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, the Middle-Tier REMIC and the Lower-Tier REMIC.
Appears in 21 contracts
Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Series 2004-4), Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2004-4), Pooling and Servicing Agreement (Banc of America Mort Secs Inc Mort Pas THR Cert Ser 2004 2)
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 Holder of the Class 1-A-R Certificate is hereby designated as the Tax Matters Person for the Shifting Interest Upper-Tier REMIC. The Holder of , the Class 1Shifting Interest Middle-ATier REMIC, the Shifting Interest Lower-MR Certificate is hereby designated as Tier REMIC, the Tax Matters Person for Upper-Tier II REMIC, the Middle-Tier REMIC. The Holder of the Class 1-A-LR Certificate is hereby designated as the Tax Matters Person for II REMIC and the Lower-Tier II REMIC. By their its acceptance of the Class 1-A-R, Class 1-A-MR or Class 1-A-LR R Certificate, as applicable, each such Holder irrevocably appoints the Trustee Securities Administrator as its agent to perform all of the duties of the Tax Matters Person for the Shifting Interest Upper-Tier REMIC, the Shifting Interest Middle-Tier REMIC, the Shifting Interest Lower-Tier REMIC, the Upper-Tier II REMIC, the Middle-Tier II REMIC and the Lower-Tier II REMIC.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-2 Trust), Pooling and Servicing Agreement (Banc of America Funding 2007-3 Trust), Pooling and Servicing Agreement (Banc of America Funding 2007-4 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 Holder of the Class 1-A-R Certificate is hereby designated as the Tax Matters Person for the Shifting Interest Upper-Tier REMIC. The Holder of , the Class 1-A-MR Certificate is hereby designated as the Tax Matters Person for the Shifting Interest Middle-Tier REMIC. The Holder of , the Class 1Shifting Interest Lower-ATier REMIC, the Upper-LR Certificate is hereby designated as the Tax Matters Person for Tier II REMIC and the Lower-Tier II REMIC. By their its acceptance of the Class 1-A-R, Class 1-A-MR or Class 1-A-LR R Certificate, as applicable, each such Holder irrevocably appoints the Trustee Securities Administrator as its agent to perform all of the duties of the Tax Matters Person for the Shifting Interest Upper-Tier REMIC, the Shifting Interest Middle-Tier REMIC, the Shifting Interest Lower-Tier REMIC, the Upper-Tier II REMIC and the Lower-Tier II REMIC.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-7 Trust), Pooling and Servicing Agreement (Banc of America Funding 2006-7 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 Holder of the Class 1-A-R Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC. The Holder of the Class 1-A-MR Certificate is hereby designated as the Tax Matters Person for the Middle-Tier REMIC. The Holder of the Class 1-A-LR Certificate is hereby designated as the Tax Matters Person for the Lower-Tier REMIC. By their acceptance of the Class 1-A-R, Class 1-A-MR or Class 1-A-LR Certificate, as applicable, each such Holder irrevocably appoints the Trustee Securities Administrator as its agent to perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mortgage Securities Inc), Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2004-F)
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 Holder of the Class 1-A-R Certificate is hereby designated as the Tax Matters Person for the Shifting Interest Upper-Tier REMIC. The Holder of , the Class 1Shifting Interest Middle-ATier REMIC, the Shifting Interest Lower-MR Certificate is hereby designated as Tier REMIC, the Tax Matters Person for Upper-Tier II REMIC, the Middle-Tier REMIC. The Holder of the Class 1-A-LR Certificate is hereby designated as the Tax Matters Person for II REMIC and the Lower-Tier II REMIC. By their its acceptance of the Class 1-A-R, Class 1-A-MR or Class 1-A-LR R Certificate, as applicable, each such Holder irrevocably appoints the Trustee Securities Administrator as its agent to perform all of the duties of the Tax Matters Person for the Shifting Interest Upper-Tier 158 REMIC, the Shifting Interest Middle-Tier REMIC, the Shifting Interest Lower-Tier REMIC, the Upper-Tier II REMIC, the Middle-Tier II REMIC and the Lower-Tier II REMIC.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-1 Trust)
Tax Matters Person. The A 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 Holder of the Class 1-A-R Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC. The Holder of the Class 1-A-MR Certificate is hereby designated as the Tax Matters Person for the Middle-Tier REMIC. The Holder of the Class 1-A-LR Certificate is hereby designated as the Tax Matters Person for the Lower-Tier REMIC. By their acceptance of the Class 1-A-R, Class 1-A-MR or Class 1-A-LR Certificate, as applicable, 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, the Middle-Tier REMIC and or the Lower-Tier REMIC, as applicable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding MTG Pass Thru Certs Ser 2003-3)
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 Holder of the Class 12-A-R Certificate is hereby designated as the Tax Matters Person for the Shifting Interest Upper-Tier REMIC. The Holder of , the Class 1-A-MR Certificate is hereby designated as the Tax Matters Person for the Shifting Interest Middle-Tier REMIC. The Holder of , the Class 1Shifting Interest Lower-ATier REMIC, the Upper-LR Certificate is hereby designated as the Tax Matters Person for Tier II REMIC and the Lower-Tier II REMIC. By their its acceptance of the Class 12-A-R, Class 1-A-MR or Class 1-A-LR R Certificate, as applicable, each such Holder irrevocably appoints the Trustee Securities Administrator as its agent to perform all of the duties of the Tax Matters Person for the Shifting Interest Upper-Tier REMIC, the Shifting Interest Middle-Tier REMIC, the Shifting Interest Lower-Tier REMIC, the Upper-Tier II REMIC and the Lower-Tier II REMIC.
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 Holder of the Class 1-A-R Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC. The Holder of the Class 1-A-MR Certificate is hereby designated as the Tax Matters Person for the Middle-Tier REMIC. The Holder of the Class 1-A-LR Certificate is hereby designated as the Tax Matters Person for the Lower-Tier REMIC. By their acceptance of the Class 1-A-R, Class 1-A-MR or Class 1-A-LR Certificate, as applicable, 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, the Middle-Tier REMIC and the Lower-Tier REMIC.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bank of America Mortgage Sec Inc Mort Ps THR Cer Ser 2002-9)
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 Holder of the Class 13-A-R Certificate is hereby designated as the Tax Matters Person for the Upper-Tier REMIC. The Holder of the Class 13-A-LR Certificate is hereby designated as the Tax Matters Person for the Lower-Tier REMIC. The Holder of the Class 3-A-MR Certificate is hereby designated as the Tax Matters Person for the Middle-Tier REMIC. The Holder of the Class 17-AR Certificate is hereby designated as the Tax Matters Person for the Group 7 Upper-Tier REMIC. The Holder of the Class 7-LR Certificate is hereby designated as the Tax Matters Person for the Group 7 Lower-Tier REMIC. By their acceptance of the Class 1-A-R, Class 1-A-MR or Class 1-A-LR applicable Residual Certificate, as applicable, each such Holder irrevocably appoints the Trustee Securities Administrator as its agent to perform all of the duties of the Tax Matters Person for the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier related REMIC.
Appears in 1 contract
