REMIC I. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Group I Mortgage Loans and certain other related assets subject to this Agreement (other than the Group I Reserve Fund, any related Prepayment Charge Waiver Amounts and, for the avoidance of doubt, the Group I Supplemental Interest Trust, the Group I Swap Agreement, the Group I Swap Account and any rights or obligations in respect of the Swap Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class I-R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) I-1-A Variable(2) $ 1,093,659.04 September 25, 2036 I-1-B Variable(2) $ 1,093,659.04 September 25, 2036 I-2-A Variable(2) $ 1,380,302.56 September 25, 2036 I-2-B Variable(2) $ 1,380,302.56 September 25, 2036 I-3-A Variable(2) $ 1,665,750.76 September 25, 2036 I-3-B Variable(2) $ 1,665,750.76 September 25, 2036 I-4-A Variable(2) $ 1,947,494.94 September 25, 2036 I-4-B Variable(2) $ 1,947,494.94 September 25, 2036 I-5-A Variable(2) $ 2,222,929.79 September 25, 2036 I-5-B Variable(2) $ 2,222,929.79 September 25, 2036 I-6-A Variable(2) $ 2,489,383.09 September 25, 2036 I-6-B Variable(2) $ 2,489,383.09 September 25, 2036 I-7-A Variable(2) $ 2,744,149.03 September 25, 2036 I-7-B Variable(2) $ 2,744,149.03 September 25, 2036 I-8-A Variable(2) $ 2,974,438.68 September 25, 2036 I-8-B Variable(2) $ 2,974,438.68 September 25, 2036 I-9-A Variable(2) $ 3,187,097.36 September 25, 2036 I-9-B Variable(2) $ 3,187,097.36 September 25, 2036 I-10-A Variable(2) $ 3,297,419.05 September 25, 2036 I-10-B Variable(2) $ 3,297,419.05 September 25, 2036 I-11-A Variable(2) $ 3,155,673.33 September 25, 2036 I-11...
REMIC I. On each Distribution Date, except as provided in subsection (b) below,
REMIC I. As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the Mortgage Loans (exclusive of certain amounts payable thereon) and certain other assets as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions. The Latest Possible Maturity Date for each REMIC I Regular Interest is the date that is the Rated Final Distribution Date. None of the REMIC I Regular Interests will be certificated.
REMIC I. (a) On each Distribution Date, the Paying Agent shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC I Regular Interests, for the following purposes and in the following order of priority:
REMIC I. As provided herein, with respect to the Trust, the Certificate Administrator on behalf of the Trustee will make an election for the segregated pool of assets described in the first (1st) paragraph of Section 12.1(a) hereof (including the Mortgage Loans (other than any Excess Interest payable with respect to such Mortgage Loans)) to be treated for federal income tax purposes as a REMIC (“REMIC I”). The REMIC I Regular Interests will be designated as the “regular interests” in REMIC I and the Class R Certificates will evidence the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions.
REMIC I. (a) On each Distribution Date, the Certificate Administrator shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC I Regular Interests, for the following purposes and in the following order of priority:
REMIC I. On each Distribution Date, following the deemed distributions with respect to the REMIC I Regular Interests on such Distribution Date pursuant to Section 6.3, the Collateral Support Deficits, if any, with respect to each REMIC I Regular Interest on such Distribution Date will be allocated to such REMIC I Regular Interest in reduction of the REMIC I Principal Amount of such REMIC I Regular Interest.
REMIC I. As provided herein, the Securities Administrator will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund and, for the avoidance of doubt, the Supplemental Interest Trust and the Swap Agreement) as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-I Interest will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date(1) I Variable(2) $ 12,386,163.17 February 25, 2036 I-1-B Variable(2) $ 4,901,626.00 February 25, 2036 I-2-B Variable(2) $ 4,609,588.00 February 25, 2036 I-3-B Variable(2) $ 4,330,516.00 February 25, 2036 I-4-B Variable(2) $ 4,068,325.00 February 25, 2036 I-5-B Variable(2) $ 3,821,994.00 February 25, 2036 I-6-B Variable(2) $ 3,590,564.50 February 25, 2036 I-7-A Variable(2) $ 3,373,136.50 February 25, 2036 I-7-B Variable(2) $ 3,373,136.50 February 25, 2036 I-8-B Variable(2) $ 3,168,862.00 February 25, 2036 I-9-B Variable(2) $ 2,976,947.00 February 25, 2036 I-10-A Variable(2) $ 2,796,644.50 February 25, 2036 I-10-B Variable(2) $ 2,796,644.50 February 25, 2036 I-11-A Variable(2) $ 2,627,251.50 February 25, 2036 I-11-B Variable(2) $ 2,627,251.50 February 25, 2036 I-12-A Variable(2) $ 2,468,109.50 February 25, 2036 I-12-B Variable(2) $ 2,468,109.50 February 25, 2036 I-13-A Variable(2) $ 2,318,597.50 February 25, 2036 I-13-B Variable(2) $ 2,318,597.50 February 25, 2036 I-14-A Variable(2) $ 2,178,133.50 February 25, 2036 I-14-B Variable(2) $ 2,178,133.50 February 25, 2036 I-15-A Variable(2) $ 2,046,171.50 February 25, 2036 I-15-B Variable(2) $ 2,046,171.50 February 25, 2036 I-16-A Variable(2) $ 1,922,196.50 February 25, 2036 I-16-B Variable(2) $ 1,922,196.50 February 25, 2036 I-17-B Variable(2) $ 1,805,725.00 February 25, 2036 I-18-A Variable(2) $ 1,696,304.00 February 25, 2036 I-18-B Variable(2) $ 1,696,304.00 February 25, 2036 I-19-B Variable(2) $ 1,593,507.00 ...
REMIC I. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5, Group 6, Group 7 and Group 8 Mortgage Loans and certain other related assets (exclusive of the Class C-B-1, Class 9-A-4, Class 9-A-5, Class 9-A-6 and Class 9-A-7 Interest Rate Cap Agreements and assets held in the Basis Risk Reserve Funds, the Class C-B-1, Class 9-A-4, Class 9-A-5, Class 9-A-6 and Class 9-A-7 Interest Rate Cap Accounts, the Prefunding Account and the Capitalized Interest Account) subject to this Agreement as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." Component I of the Class AR-L Certificates will represent the sole Class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests") and Component I of the Class AR-L Certificates. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Class Designation for each REMIC I Regular --------------- Interest and Uncertificated Initial Component I of REMIC I Uncertificated the Class AR-L Type of Pass-Through Principal Certificates Interest Rate Balance Final Maturity Date* Class Y-1 Regular Variable(1) $34,408.32 January 2035 Class Y-2 Regular Variable(2) $85,637.08 January 2035 Class Y-3 Regular Variable(3) $20,588.45 January 2035 Class Y-4 Regular Variable(4) $66,522.84 January 2035 Class Y-5 Regular Variable(5) $42,962.06 January 2035 Class Y-6 Regular Variable(6) $68,730.52 January 2035 Class Y-7 Regular Variable(7) $24,251.28 January 2035 Class Y-8 Regular Variable(8) $28,952.56 January 2035 Class Z-1 Regular Variable(1) $68,782,226.19 January 2035 Class Z-2 Regular Variable(2) $171,306,721.58 January 2035 Class Z-3 Regular Variable(3) $41,167,179.19 January 2035 Class Z-4 Regular Variable(4) $133,033,557.95 January 2035 Class Z-5 Regular Variable(5) $85,954,063.40 January 2035 Class Z-6 Regular Variable(6) $137,468,930...
REMIC I. The segregated pool of assets of the Trust consisting of the REMIC I Assets.
