Common use of Residual Interest Clause in Contracts

Residual Interest. Notwithstanding anything to the contrary contained herein, the Trustee is hereby authorized to retain from amounts otherwise distributable to the Class R-1 Residual Interest on any Distribution Date sufficient funds to reimburse the Servicer, for the payment of such tax (upon the written request of the Servicer, to the extent reimbursable, and to the extent that the Servicer has not been previously reimbursed therefor). Neither the Trustee nor the Tax Matters Person shall knowingly or intentionally take any action that would cause the termination of the REMIC status of REMIC I.

Residual Interest. Notwithstanding anything to the contrary contained herein, the Trustee Trustee, acting at the request of the Servicer, is hereby authorized to retain from amounts otherwise distributable to the Holders of the Class R-1 R-2 Residual Interest on any Distribution Date sufficient funds to reimburse the Servicer, Servicer for the payment of such tax (upon the written request of the Servicer, to the extent reimbursable, and to the extent that the Servicer has not been previously reimbursed therefor). Neither the Trustee nor the Tax Matters Person shall knowingly or intentionally take any action that would cause the termination of the REMIC status of REMIC I.II.

Residual Interest. Notwithstanding anything to the contrary contained herein, the Trustee is hereby authorized to retain from amounts otherwise distributable to the Class R-1 Residual Interest on any Distribution Date sufficient funds to reimburse the Servicer, for the payment of such tax (upon the written request of the Servicer, to the extent reimbursable, and to the extent that the Servicer has not been previously reimbursed therefor). Neither the Trustee nor the Tax Matters Person shall knowingly or intentionally take any action that would cause the termination of the REMIC status of REMIC I..