Miscellaneous REMIC Provisions. (a) The Class A, Class B and Class VRR Certificates and the Uncertificated VRR Interest are hereby designated as the “regular interests” in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class UT-R Interest is hereby designated as the sole class of “residual interests” in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code.
Miscellaneous REMIC Provisions. (a) The Startup Day is hereby designated as the “startup day” of each REMIC created hereunder within the meaning of Section 860G(a)(9) of the Code.
Miscellaneous REMIC Provisions. (a) The Class A, Class X, Class B, Class C, Class D and Class E Certificates and the RR Interest are hereby designated as the “regular interests” in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code and the Class UT-R Interest, represented by the Class R Certificates, is hereby designated as the sole class of “residual interests” in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class LA, Class LB, Class LC, Class LD, Class LE, and Class LRRI Uncertificated Interests are hereby designated as the “regular interests” in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LT-R Interest, represented by the Class R Certificates, is hereby designated as the sole class of “residual interests” in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the Code.
Miscellaneous REMIC Provisions. (a) The Class [LA-1], Class [LA-2] Class [LB], Class [LC], Class [LD], Class [LE], Class [LF] and Class [LG] Interests are hereby designated as “regular interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(1), and the Lower-Tier Residual Interest (evidenced by the [Class R] Certificates) is hereby designated as the sole class of “residual interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(2).
Miscellaneous REMIC Provisions. (a) The Trustee shall elect that the Upper-Tier REMIC and the Lower-Tier REMIC shall be treated as REMICs under Section 860D of the Code, as described in Section 11.15. Any inconsistencies or ambiguities in this Agreement or in the administration of the Trust shall be resolved in a manner that preserves the validity of such REMIC elections.
Miscellaneous REMIC Provisions. (a) The Trustee shall elect that each of the Lower-Tier REMIC and the Upper-Tier REMIC shall be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of the Lower-Tier REMIC shall include the Mortgage Loans, the Accounts (except for the Non-REMIC Estate), any REO Property, and any proceeds of the foregoing. The Lower-Tier REMIC Regular Interests (as defined below) shall constitute the assets of the Upper-Tier REMIC.
Miscellaneous REMIC Provisions. (a) The beneficial ownership interest in the Lower-Tier REMIC shall be evidenced by the interests having the characteristics and terms as follows, including for federal income tax purposes the month in which the Final Scheduled Payment Dates occur: Lower-Tier Initial Month and Year Pass-Through Lower-Tier of Final Scheduled Class Designation Rate Balance Payment Dates ----------------- ------------ ---------- ------------------ Lower-Tier Interest A-1 (1) $81,000,000 October 2014 Lower-Tier Interest A-2 (1) 60,000,000 February 2022 Lower-Tier Interest A-3 (1) 27,000,000 March 2024 Lower-Tier Interest A-4 (1) 59,000,000 July 2027 Lower-Tier Interest A-5 (1) 21,289,000 September 2028 Lower-Tier Interest A-6 (1) 27,300,000 September 2028 Lower-Tier Interest A-7 (2) 429,657,000 July 2028 Lower-Tier Interest A-8 (2) 143,000,000 March 2015 Lower-Tier Interest M-1A (2) 55,650,000 September 2028 Lower-Tier Interest M-2A (2) 48,470,000 September 2028 Lower-Tier Interest B-1A (2) 41,290,000 September 0000 Xxxxx-Xxxx Xxxxxxxx X-0X (1) 6,344,000 September 2028 Class S Certificate (3) 0 September 2028 Lower-Tier REMIC Residual Class (4) (4) September 2028
Miscellaneous REMIC Provisions. 27 ARTICLE III
Miscellaneous REMIC Provisions. 54 SECTION 2.7. Documents Not Delivered to Custodian.......................................... 55 ARTICLE III
Miscellaneous REMIC Provisions. (a) The Trust (other than the Pre-Funding Account, the Group II Available Funds Cap Carry-Forward Amount Account and the Capitalized Interest Account) shall elect to be treated as a REMIC under Section 860D of the Code, as described in Section 11.15. Any inconsistencies or ambiguities in this Agreement or in the administration of the Trust shall be resolved in a manner that preserves the validity of the election of the Trust (other than the Pre-Funding Account and the Capitalized Interest Account) to be treated as a REMIC.
