{"component": "definition", "props": {"groups": [{"snippet": "A \u201cdisqualified organization\u201d as defined in Section 860E(e)(5) of the Code.", "snippet_links": [{"key": "defined-in-section", "type": "clause", "offset": [33, 51]}, {"key": "the-code", "type": "clause", "offset": [66, 74]}], "size": 822, "samples": [{"hash": "jca9GZQnUWG", "uri": "/contracts/jca9GZQnUWG#disqualified-organization", "label": "Pooling and Servicing Agreement (Sequoia Residential Funding Inc)", "score": 27.3627643585, "published": true}, {"hash": "go9OW4fGYeJ", "uri": "/contracts/go9OW4fGYeJ#disqualified-organization", "label": "Pooling and Servicing Agreement (Five Oaks Investment Corp.)", "score": 26.8726902008, "published": true}, {"hash": "iPE4abmucb5", "uri": "/contracts/iPE4abmucb5#disqualified-organization", "label": "Pooling and Servicing Agreement (Five Oaks Investment Corp.)", "score": 26.3442840576, "published": true}], "hash": "69ef187bc1357fa7ade85a6cfd7af10c", "id": 1}, {"snippet": "Any of the following: (i) the United States, any State or political subdivision thereof, any possession of the United States, or any agency or instrumentality of any of the foregoing (other than an instrumentality which is a corporation if all of its activities are subject to tax and, except for \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac, a majority of its board of directors is not selected by such governmental unit), (ii) any foreign government, any international organization, or any agency or instrumentality of any of the foregoing, (iii) any organization (other than certain farmers\u2019 cooperatives described in Section 521 of the Code) which is exempt from the tax imposed by Chapter 1 of the Code (including the tax imposed by Section 511 of the Code on unrelated business taxable income), (iv) rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code, (v) an \u201celecting large partnership\u201d and (vi) any other Person so designated by the Trustee based upon an Opinion of Counsel that the holding of an Ownership Interest in a Residual Certificate by such Person may cause any Trust REMIC or any Person having an Ownership Interest in any Class of Certificates (other than such Person) to incur a liability for any federal tax imposed under the Code that would not otherwise be imposed but for the Transfer of an Ownership Interest in a Residual Certificate to such Person. 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"means the United States, any state or political subdivision thereof, any foreign government, any international organization, any agency or instrumentality of any of the foregoing (other than an instrumentality if all of its activities are subject to tax and a majority of its board of directors is not selected by such governmental entity), any cooperative organization furnishing electric energy or providing telephone service to persons in rural areas as described in Code Section 1381(a)(2)(C), or any organization (other than a farmers' cooperative described in Code Section 521) that is exempt from taxation under the Code unless such organization is subject to the tax on unrelated business income imposed by Code Section 511. For these purposes, an \"ERISA Prohibited Holder\" means an employee benefit plan or other retirement arrangement subject to Title I of the Employee Retirement Income Security Act of 1974, as amended (\"ERISA\"), or Code Section 4975 or a governmental plan, as defined in Section 3(32) of ERISA, subject to any federal, state or local law which is, to a material extent, similar to the foregoing provisions of ERISA or the Code (collectively, a \"Plan\") or a Person acting on behalf of or investing the assets of such a Plan.", "snippet_links": [{"key": "the-united-states", "type": "definition", "offset": [6, 23]}, {"key": "any-state", "type": "definition", "offset": [25, 34]}, {"key": "political-subdivision", "type": "definition", "offset": [38, 59]}, {"key": "foreign-government", "type": "definition", "offset": [73, 91]}, {"key": "international-organization", "type": "clause", "offset": [97, 123]}, {"key": "the-foregoing", "type": "definition", "offset": [165, 178]}, {"key": "a-majority", "type": "clause", "offset": [258, 268]}, {"key": "board-of-directors", "type": "definition", "offset": [276, 294]}, {"key": "governmental-entity", "type": "definition", "offset": [319, 338]}, {"key": "electric-energy", "type": "definition", "offset": [381, 396]}, {"key": "telephone-service", "type": "clause", "offset": [410, 427]}, {"key": "rural-areas", "type": "definition", "offset": [442, 453]}, {"key": "the-code", "type": "clause", "offset": [619, 627]}, {"key": "subject-to-the", "type": "clause", "offset": [656, 670]}, {"key": "unrelated-business-income", "type": "clause", "offset": [678, 703]}, {"key": "section-511", "type": "clause", "offset": [720, 731]}, {"key": "erisa-prohibited-holder", "type": "definition", "offset": [757, 780]}, {"key": "employee-benefit-plan", "type": "clause", "offset": [791, 812]}, {"key": "other-retirement", "type": "definition", "offset": [816, 832]}, {"key": "title-i", "type": "clause", "offset": [856, 863]}, {"key": "employee-retirement-income-security-act-of-1974", "type": "definition", "offset": [871, 918]}, {"key": "as-amended", "type": "definition", "offset": [920, 930]}, {"key": "code-section-4975", "type": "definition", "offset": [945, 962]}, {"key": "governmental-plan", "type": "definition", "offset": [968, 985]}, {"key": "defined-in-section", "type": "clause", "offset": [990, 1008]}, {"key": "local-law", "type": "definition", "offset": [1058, 1067]}, {"key": "material-extent", "type": "definition", "offset": [1083, 1098]}, {"key": "similar-to", "type": "definition", "offset": [1100, 1110]}, {"key": "provisions-of", "type": "clause", "offset": [1125, 1138]}, {"key": "a-person", "type": "clause", "offset": [1185, 1193]}, {"key": "on-behalf-of", "type": "definition", "offset": [1201, 1213]}, {"key": "the-assets", "type": "clause", "offset": [1227, 1237]}], "size": 269, "samples": [{"hash": "w8YMGTH6MC", "uri": "/contracts/w8YMGTH6MC#disqualified-organization", "label": "Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities Series 2004-H)", "score": 18.0, "published": true}, {"hash": "vptZ6Cisg3", "uri": "/contracts/vptZ6Cisg3#disqualified-organization", "label": "Pooling and Servicing Agreement (Wells Fargo Asset Sec Corp Mort Pass THR Cert Ser 2001-12)", "score": 18.0, "published": true}, {"hash": "lyNuqPk9ohB", "uri": "/contracts/lyNuqPk9ohB#disqualified-organization", "label": "Pooling and Servicing Agreement (Norwest Asset Sec Corp Mort Pass THR Cert Ser 1998-29 Trust)", "score": 18.0, "published": true}], "hash": "e53157a56f07d817eb376a653d9581d0", "id": 6}, {"snippet": "means the United States, any state or political subdivision thereof, any foreign government, any international organization, any agency or instrumentality of any of the foregoing (except any entity treated as other than an instrumentality of the foregoing for purposes of Section 168(h)(2)(D) of the Internal Revenue Code of 1986, as amended (the \"Code\")), any organization (other than a cooperative described in Section 521 of the Code) that is exempt from taxation under the Code (unless such organization is subject to tax on excess inclusions) and any organization that is described in Section 1381(a)(2)(C) of the Code. We understand that any breach by us of this certification may cause us to be liable for an excise tax imposed upon transfers to disqualified organizations.", "snippet_links": [{"key": "the-united-states", "type": "definition", "offset": [6, 23]}, {"key": "any-state", "type": "definition", "offset": [25, 34]}, {"key": "political-subdivision", "type": "definition", "offset": [38, 59]}, {"key": "foreign-government", "type": "definition", "offset": [73, 91]}, {"key": "international-organization", "type": "clause", "offset": [97, 123]}, {"key": "the-foregoing", "type": "definition", "offset": [165, 178]}, {"key": "for-purposes-of-section", "type": "clause", "offset": [256, 279]}, {"key": "internal-revenue-code-of-1986", "type": "definition", "offset": [300, 329]}, {"key": "as-amended", "type": "definition", "offset": [331, 341]}, {"key": "the-code", "type": "clause", "offset": [428, 436]}, {"key": "subject-to", "type": "definition", "offset": [511, 521]}, {"key": "breach-by", "type": "clause", "offset": [648, 657]}, {"key": "tax-imposed", "type": "clause", "offset": [723, 734]}, {"key": "transfers-to", "type": "clause", "offset": [740, 752]}], "size": 264, "samples": [{"hash": "3AcW2JIfCzM", "uri": "/contracts/3AcW2JIfCzM#disqualified-organization", "label": "Pooling and Servicing Agreement (Terwin Mortgage Trust, Series TMTS 2004-22sl)", "score": 19.0, "published": true}, {"hash": "mjiFZMboVN", "uri": "/contracts/mjiFZMboVN#disqualified-organization", "label": "Pooling and Servicing Agreement (ChaseFlex Trust Series 2006-1)", "score": 18.0, "published": true}, {"hash": "lyPsdUAWNy1", "uri": "/contracts/lyPsdUAWNy1#disqualified-organization", "label": "Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2005-Sd1)", "score": 18.0, "published": true}], "hash": "d552e2fe9dfe9dc54504d6f477e927a3", "id": 7}, {"snippet": "shall have the meaning set forth from time to time in the definition thereof at Section 860E(e)(5) of the Code (or any successor statute thereto) and applicable to the Trust.", "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [33, 50]}, {"key": "the-definition", "type": "definition", "offset": [54, 68]}, {"key": "the-code", "type": "clause", "offset": [102, 110]}, {"key": "to-the-trust", "type": "definition", "offset": [161, 173]}], "size": 199, "samples": [{"hash": "lqMkajz9JlU", "uri": "/contracts/lqMkajz9JlU#disqualified-organization", "label": "Pooling and Servicing Agreement (First Alliance Mortgage Loan Trust 1997-01)", "score": 18.0, "published": true}, {"hash": "kAsmW6s2z48", "uri": "/contracts/kAsmW6s2z48#disqualified-organization", "label": "Pooling and Servicing Agreement (Access Financial Lending Corp)", "score": 18.0, "published": true}, {"hash": "jnAHmSWbbXV", "uri": "/contracts/jnAHmSWbbXV#disqualified-organization", "label": "Pooling and Servicing Agreement (Centex Home Equity Loan Trust 1999-2)", "score": 18.0, "published": true}], "hash": "50921434844ca08cf48683fdceb0fc96", "id": 8}, {"snippet": "Any of (i) the United States, any State or political subdivision thereof, any possession of the United States or any agency or instrumentality of any of the foregoing (other than an instrumentality which is a corporation if all of its activities are subject to tax and, except for \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587, a majority of its board of directors is not selected by such governmental unit), (ii) a foreign government, any international organization or any agency or instrumentality of any of the foregoing, (iii) any organization which is exempt from the tax imposed by Chapter 1 of the Code (including the tax imposed by Section 511 of the Code on unrelated business taxable income) on any excess inclusions (as defined in Section 860E(c)(1) of the Code) with respect to the Class R Certificates (except certain farmers\u2019 cooperatives described in Section 521 of the Code), (iv) rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code and (v) any other Person so designated by the Trustee or the Certificate Administrator based upon an Opinion of Counsel as provided to the Trustee or the Certificate Administrator (at no expense to the Trustee or the Certificate Administrator) that the holding of an Ownership Interest in a Class R Certificate by such Person may cause either Trust REMIC to fail to qualify as a REMIC at any time that the Certificates are outstanding or any Person having an Ownership Interest in any Class of Certificates (other than such Person) to incur a liability for any federal tax imposed under the Code that would not otherwise be imposed but for the Transfer of an Ownership Interest in a Class R Certificate to such Person. The terms \u201cUnited States,\u201d \u201cState\u201d and \u201cinternational organization\u201d shall have the meanings set forth in Section 7701 of the Code or successor provisions.", "snippet_links": [{"key": "the-united-states", "type": "definition", "offset": [11, 28]}, {"key": "any-state", "type": "definition", "offset": [30, 39]}, {"key": "political-subdivision", "type": "definition", "offset": [43, 64]}, {"key": "possession-of-the", "type": "clause", "offset": [78, 95]}, {"key": "the-foregoing", "type": "definition", "offset": [153, 166]}, {"key": "a-corporation", "type": "clause", "offset": [207, 220]}, {"key": "subject-to", "type": "definition", "offset": [250, 260]}, {"key": "except-for-\u2587", "type": "clause", "offset": [270, 282]}, {"key": "a-majority", "type": "clause", "offset": [294, 304]}, {"key": "board-of-directors", "type": "definition", "offset": [312, 330]}, {"key": "governmental-unit", "type": "clause", "offset": [355, 372]}, {"key": "foreign-government", 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that is a corporation if all of its activities are subject to tax and, except for the Federal Home Loan Mortgage Corporation, a majority of its board of directors is not selected by any such governmental unit), (b) a foreign government, International Organization or agency or instrumentality of either of the foregoing, (c) an organization that is exempt from tax imposed by Chapter 1 of the Code (including the tax imposed by Code Section 511 on unrelated business taxable income) on any excess inclusions (as defined in Code Section 860E(c)(1)) with respect to the Class R Certificates (except certain farmers\u2019 cooperatives described in Code Section 521), (d) rural electric and telephone cooperatives described in Code Section 1381(a)(2) or (e) any other Person so designated by the Certificate Registrar based upon an Opinion of Counsel to the effect that any Transfer to such Person may cause either Trust REMIC to be subject to tax or to fail to qualify as a REMIC for federal income tax purposes at any time that the Certificates are outstanding. For purposes of this definition, the terms \u201cUnited States,\u201d \u201cState\u201d and \u201cInternational Organization\u201d shall have the meanings set forth in Code Section 7701 or successor provisions.", "snippet_links": [{"key": "the-united-states", "type": "definition", "offset": [11, 28]}, {"key": "political-subdivision", "type": "definition", "offset": [45, 66]}, {"key": "possession-of-the", "type": "clause", "offset": [80, 97]}, {"key": "the-foregoing", "type": "definition", "offset": [156, 169]}, {"key": "a-corporation", "type": "clause", "offset": [209, 222]}, {"key": "subject-to", "type": "definition", "offset": [252, 262]}, {"key": "federal-home-loan-mortgage-corporation", "type": "definition", "offset": [287, 325]}, {"key": "a-majority", "type": "clause", "offset": [327, 337]}, {"key": "board-of-directors", "type": "definition", "offset": [345, 363]}, {"key": "governmental-unit", "type": "clause", "offset": [392, 409]}, {"key": "foreign-government", "type": "definition", "offset": [418, 436]}, {"key": "international-organization", "type": "clause", "offset": [438, 464]}, {"key": "tax-imposed", "type": "clause", "offset": [562, 573]}, {"key": "chapter-1", "type": "clause", "offset": [577, 586]}, {"key": "the-code", "type": "clause", "offset": [590, 598]}, {"key": "section-511", "type": "clause", "offset": [634, 645]}, {"key": "unrelated-business-taxable-income", "type": "clause", "offset": [649, 682]}, {"key": "any-excess", "type": "definition", "offset": [687, 697]}, {"key": "class-r-certificates", "type": "clause", "offset": [769, 789]}, {"key": "any-other-person", "type": "definition", "offset": [950, 966]}, {"key": "certificate-registrar", "type": "definition", "offset": [988, 1009]}, {"key": "opinion-of-counsel-to-the", "type": "clause", "offset": [1024, 1049]}, {"key": "transfer-to", "type": "definition", "offset": [1066, 1077]}, {"key": "trust-remic", "type": "definition", "offset": [1107, 1118]}, {"key": "to-qualify", "type": "clause", "offset": [1151, 1161]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [1177, 1204]}, {"key": "at-any-time", "type": "clause", "offset": [1205, 1216]}, {"key": "the-certificates", "type": "definition", "offset": [1222, 1238]}, {"key": "for-purposes-of-this-definition", "type": "clause", "offset": [1256, 1287]}, {"key": "the-terms", "type": "definition", "offset": [1289, 1298]}, {"key": "the-meanings", "type": "definition", "offset": [1368, 1380]}, {"key": "successor-provisions", "type": "clause", "offset": [1415, 1435]}], "size": 170, "samples": [{"hash": "2IgoVJnO2L3", "uri": "/contracts/2IgoVJnO2L3#disqualified-organization", "label": "Pooling and Servicing Agreement (Benchmark 2021-B23 Mortgage Trust)", "score": 32.1321029663, "published": true}, {"hash": "6CqKBnlJJSf", "uri": "/contracts/6CqKBnlJJSf#disqualified-organization", "label": "Pooling and Servicing Agreement (GS Mortgage Securities Trust 2020-Gsa2)", "score": 31.9924716949, "published": true}, {"hash": "c3fpcJXTops", "uri": "/contracts/c3fpcJXTops#disqualified-organization", "label": "Pooling and Servicing Agreement (Benchmark 2020-B21 Mortgage Trust)", "score": 31.9130725861, "published": true}], "hash": "8193945e0aa6d5d483b793d908fa54d9", "id": 10}], "next_curs": "CmYSYGoVc35sYXdpbnNpZGVyY29udHJhY3RzckILEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIiZGlzcXVhbGlmaWVkLW9yZ2FuaXphdGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"snippet": "A \u201cdisqualified organization\u201d as defined in Section 860E(e)(5) of the Code.", "size": 5549, "title": "Disqualified Organization", "id": "disqualified-organization", "examples": ["Any purported transfer of record or beneficial ownership, direct or indirect (whether pursuant to a purchase, a default under a secured lending agreement or otherwise), to a <strong>Disqualified Organization</strong> of any Residual Certificate, or any beneficial interest therein, will be void and of no effect."], "related": [["qualified-organization", "Qualified organization", "Qualified organization"], ["affiliated-organization", "Affiliated Organization", "Affiliated Organization"], ["related-organization", "Related organization", "Related organization"], ["lead-organization", "Lead organization", "Lead organization"], ["registered-organization", "Registered Organization", "Registered Organization"]], "related_snippets": [], "updated": "2026-06-28T07:51:00+00:00"}, "json": true, "cursor": ""}}