Common use of Additional Termination Requirements Clause in Contracts

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 185 contracts

Samples: Pooling and Servicing Agreement (RFMSI Series 2007-S1 Trust), Pooling and Servicing Agreement (RFMSI Series 2006-S4 Trust), Pooling and Servicing Agreement (RFMSI Series 2006-S11 Trust)

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Additional Termination Requirements. (a) Each REMIC that comprises If the Master Servicer exercises its purchase option with respect to the Mortgage Loans as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Master Servicer, to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 9.03 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," on any REMIC created hereunder as described defined in Section section 860F of the Code, or (ii) cause any such REMIC created under this Agreement to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 83 contracts

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar19), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2005-Ar3), Pooling and Servicing Agreement (Indymac Indx Mortgage Loan Trust 2004-Ar11)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 79 contracts

Samples: Pooling and Servicing Agreement (RFMSI Series 2007-S5 Trust), Residential Accredit (RALI Series 2006-Qh1 Trust), Pooling and Servicing Agreement (RFMSI Series 2007 S7 Trust)

Additional Termination Requirements. (a) Each REMIC that comprises If the Servicer exercises its purchase option with respect to the Mortgage Loans as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Servicer, to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 9.03 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," on any REMIC created hereunder as described defined in Section section 860F of the Code, or (ii) cause any such REMIC created under this Agreement to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 60 contracts

Samples: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2006-Ar3), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A6), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A4ip)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC to 109 comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 37 contracts

Samples: Pooling and Servicing Agreement (RALI Series 2005-Qs17 Trust), Pooling and Servicing Agreement (RALI Series 2004-Qs12 Trust), Pooling and Servicing Agreement (RALI Series 2004-Qa3 Trust)

Additional Termination Requirements. (a) Each REMIC that comprises If the Servicer exercises its purchase option with respect to the Mortgage Loans as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Servicer, to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 9.03 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," ” on any REMIC created hereunder as described defined in Section section 860F of the Code, or (ii) cause any such REMIC created under this Agreement to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 21 contracts

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx5), Pooling and Servicing Agreement (IndyMac IMSC Mortgage Loan Trust 2007-Ar2), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx4)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such any REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 15 contracts

Samples: Pooling and Servicing Agreement (GMACM Mortgage Loan Trust 2006-Ar2), Execution (Residential Asset Mortgage Products Inc), Pooling and Servicing Agreement (GMACM Mortgage Pass-Through Certificates Series 2004-Ar2)

Additional Termination Requirements. (a) Each REMIC that comprises In the event the Trustee or the Servicer completes an Optional Termination as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Servicer, as applicable, to the effect that the failure of each such REMIC the Issuing Entity to comply with the requirements of this Section 9.02 9.03 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," of any of the REMICs provided for herein as described defined in Section 860F of the Code, or (ii) cause any such REMIC of the REMICs provided for herein to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 15 contracts

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Rm4), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2007-Sd1), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Ff1)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such either REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such either REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 13 contracts

Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc), Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc), Pooling and Servicing Agreement (Residential Asset Mort Prod Inc Gmacm Mort Ln Tr 03-J2)

Additional Termination Requirements. (a) Each The REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such the REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such the REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 5 contracts

Samples: Execution (Gmacm Mortgage Loan Trust 2005-Af2), Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc), Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)

Additional Termination Requirements. (a) Each REMIC that comprises the The Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC the Trust Fund, as the case may be, to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 5 contracts

Samples: Custodial Agreement (Residential Funding Mortgage Securities I Inc), Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc), Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)

Additional Termination Requirements. (a) Each REMIC that comprises If the Master Servicer exercises its purchase option with respect to the Mortgage Loans as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Master Servicer, to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 9.03 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," on any REMIC as described defined in Section 860F of the Code, or (ii) cause any such REMIC created hereunder to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002 A11), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Securitization Tr 2002-A7), Pooling and Servicing Agreement (Indymac MBS Inc)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such either REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such the either REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc), Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc), Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)

Additional Termination Requirements. (a) Each REMIC that comprises the The Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC the Trust Fund as the case may be, to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc), Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)

Additional Termination Requirements. (a) Each REMIC that comprises the The Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC the Trust Fund to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Ba Mortgage Securities Inc/), Mortgage Loan Purchase Agreement (Ba Mortgage Securities Inc/)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such either REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such either REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (GMACM Mortgage Pass-Through Cerificates, Series 2004-J5), Pooling and Servicing Agreement (GMACM Mortgage Pass-Through Cerificates, Series 2004-J5)

Additional Termination Requirements. (a) Each REMIC that comprises If the Master Servicer exercises its purchase option with respect to the Mortgage Loans as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Master Servicer, to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 9.03 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," on the REMIC as described defined in Section 860F of the Code, or (ii) cause any such the REMIC created hereunder to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002-A16), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Securit Trust 2002-A13)

Additional Termination Requirements. (a) Each REMIC In the event that comprises either the Majority Holder of the Residual Certificates or the Master Servicer exercises its purchase option as provided in Section 10.02(b), the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Person exercising such purchase option, to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 10.03 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," ” on any REMIC as described defined in Section section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bayview Financial Securities Co LLC), Pooling and Servicing Agreement (Bayview Financial Corp Mortgage Pass THR Certs Ser 2003-E)

Additional Termination Requirements. (a) Each REMIC that comprises part of the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been furnished with an Opinion of Counsel addressed to the Trustee (which Opinion of Counsel opinion shall not be an at the expense of the Trustee) to the effect that the failure of each such REMIC the Trust to comply with the requirements of this Section 9.02 7.02 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," as described defined in Section 860F of the Code, Code on such REMIC or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is Certificates (other than Group V Certificates) are outstanding:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Structured Products Inc. Trust 2007-R8), Pooling and Servicing Agreement (Bear Stearns Structured Products Inc. Trust 2007-R8)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes 110 on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Accredit Loans Inc)

Additional Termination Requirements. (a) Each REMIC that comprises In the event the [Servicer] [Master Servicer] exercises the Optional Termination as provided in Section 12.1, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) [Servicer] [Master Servicer], to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 will shall not (i) result in the imposition on the Trust of taxes on "prohibited transactions," ” on any REMIC as described defined in Section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First NLC Securitization, Inc.)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such either REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited 109 transactions," as described in Section 860F of the Code, or (ii) cause any such either REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)

Additional Termination Requirements. (a) Each REMIC In the event that comprises either the Majority Holder of the Residual Certificates or the Master Servicer exercises its purchase option as provided in Section 11.02(b), the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Person exercising such purchase option, to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 11.03 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," ” on any REMIC as described defined in Section section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HMB Acceptance Corp.)

Additional Termination Requirements. (a) Each of REMIC I and REMIC II that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Phoenix Residential Securities, LLC)

Additional Termination Requirements. (a) Each REMIC In the event that comprises the Trust Fund is terminated according the requirements of Section 9.01 or 9.02, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have has received an Opinion of Counsel (Counsel, which Opinion of Counsel shall not be an expense of the Trustee) , to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust of taxes on a "prohibited transactions,transaction" of the REMIC, as described in Section 860F of the Code, or (ii) cause any such REMIC created hereunder to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Ast BCK Sec Inc Madison Ave Trust 2002-A)

Additional Termination Requirements. (a) Each REMIC that comprises If the Master Servicer exercises its purchase option with respect to the Mortgage Loans as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Master Servicer, to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 9.03 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," on either REMIC as described defined in Section 860F of the Code, or (ii) cause any such the REMIC created hereunder to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Res as Sec Tr 2002-A3 Mo Pa Th Ce Se 2002-C)

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Additional Termination Requirements. (a) Each of REMIC I and REMIC II that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Phoenix Residential Securities, LLC)

Additional Termination Requirements. (a) Each REMIC that comprises In connection with any termination pursuant to Section 9.1 hereof, the Trust Fund and the Trust REMIC shall be terminated in accordance with the following additional requirements, unless the Servicer has obtained and paid for (subject to Section 10.01(fat its own expense)) , and the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC the Trust Fund to comply with the requirements of this Section 9.02 9.2 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," on the Trust REMIC as described defined in Section 860F of the Code, or (ii) cause any such the Trust REMIC to fail to qualify as a REMIC at any time that any Certificate is Regular Certificates are outstanding:

Appears in 1 contract

Samples: Trust and Servicing Agreement (Kranzco Realty Trust)

Additional Termination Requirements. (a) .......Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such either REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such either REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)

Additional Termination Requirements. (a) Each REMIC that comprises the The Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC the Trust Fund to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)

Additional Termination Requirements. (a) Each REMIC that comprises If the Master Servicer exercises its purchase option with respect to the Mortgage Loans as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Master Servicer, to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 9.03 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," on any REMIC created hereunder as described defined in Section 860F of the Code, or (ii) cause any such REMIC created hereunder to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002-A14j)

Additional Termination Requirements. (a) Each REMIC that comprises The Trust Fund, as the Trust Fund case may be, shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC the Trust Fund, as the case may be, to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC to comply with the 108 requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Accredit Loans Inc)

Additional Termination Requirements. (a) Each REMIC that comprises the The Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the TrusteeTrustee or the Insurer) to the effect that the failure of each such REMIC the Trust Fund to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Custodial Agreement (Residential Asset Securities Corp)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such either REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such either REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:: 105

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gmacm Mortgage Pass Thru Certs Series 2003-J8)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such either REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such either REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:: 108

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)

Additional Termination Requirements. (a) Each REMIC that comprises If the Master Servicer exercises its purchase option with respect to the Mortgage Loans as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Master Servicer, to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 9.03 will not (i) result in the imposition on the Trust of federal taxes on "prohibited transactions," on either REMIC as described defined in Section 860F of the Code, or (ii) cause any such REMIC created hereunder to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002 A2j)

Additional Termination Requirements. (a) Each REMIC that comprises If the Master Servicer exercises its purchase option with respect to the Mortgage Loans as provided in Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received has been supplied with an Opinion of Counsel (which Opinion of Counsel shall not be an Counsel, at the expense of the Trustee) Master Servicer, to the effect that the failure of each such REMIC to comply with the requirements of this Section 9.02 9.03 will not (i) result in the imposition on the Trust of taxes on "prohibited transactions," on the REMIC as described defined in Section section 860F of the Code, or (ii) cause any such the REMIC created under this Agreement to fail to qualify as a REMIC at any time that any Certificate is Certificates are outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Res Asset Sec Trust 2002-A15)

Additional Termination Requirements. (a) Each REMIC that comprises the The Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer Servicers have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such REMIC the Trust Fund to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such REMIC the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ba Mortgage Securities Inc/)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) 107 the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such either REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such either REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)

Additional Termination Requirements. (a) Each The REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such the REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such the REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gmacm Mortgage Loan Trust 2005-J1)

Additional Termination Requirements. (a) Each REMIC that comprises the Trust Fund shall be terminated in accordance with the following additional requirements, unless (subject to Section 10.01(f)) the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of each such either REMIC to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any such either REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding:: 117

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Gmacm Trust 2004-J1)

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