Designation of Certificates; Designation of Startup Day Sample Clauses

Designation of Certificates; Designation of Startup Day. The Seller hereby designates the Class [A] Certificates as "regular interests" and the Class R Certificates as the single class of "residual interests" in the REMIC Trust comprising the REMIC established pursuant to Section 3.01 for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Pre-Funding Account and the Capitalized Interest Account shall not be part of the REMIC Trust established pursuant to Section 3.01. The Closing Date is hereby designated as the "Startup Day" within the meaning of Code Section 860G(a)(9) of the REMIC established pursuant to Section 3.01. The latest possible maturity date of the Class [A] Certificates is the Final Maturity Date.
Sample 1
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Designation of Certificates; Designation of Startup Day. The Seller hereby designates the Class A-1A Certificates, Class A-1B Certificates, Class A-1C Certificates, Class A-1D Certificates, Class A-1E Certificates, Class A-1F Certificates, Class A-1G Certificates and Class A-2 Certificates as "regular interests" and the Class R Certificates as the single class of "residual interests" in the REMIC Pool comprising the REMIC established pursuant to Section 3.01 for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Purchase Account and the Capitalized Interest Account shall not be assets of the REMIC Pool established pursuant to Section 3.01. The Closing Date is hereby designated as the "Startup Day" within the meaning of Code Section 860G(a)(9) of the REMIC established pursuant to Section 3.01. The latest possible maturity date of the Class A Certificates is the Final Maturity Date.
Sample 1
Designation of Certificates; Designation of Startup Day. The Seller hereby designates the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates and Class A-5 Certificates as "regular interests" and the Class R Certificate as the single class of "residual interests" in the REMIC Pool comprising the REMIC established pursuant to Section 3.01 for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Prefunding Account and the Capitalized Interest Account shall not be assets of the REMIC Pool established pursuant to Section 3.01. The Closing Date is hereby designated as the "Startup Day" within the meaning of Code Section 860G(a)(9) of the REMIC established pursuant to Section 3.01. The latest possible maturity date of the Class A Certificates is the Final Maturity Date.
Sample 1
Designation of Certificates; Designation of Startup Day. The Seller hereby designates the Class A-1A Certificates, Class A-1B Certificates, Class A-1C Certificates, Class A-1D Certificates, Class A-1E Certificates and Class A-2 Certificates as "regular interests" and the Class R Certificates as the single class of "residual interests" in the REMIC Pool comprising the REMIC established pursuant to Section 3.01 for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Purchase Account and the Capitalized Interest Account shall not be assets of the REMIC Pool established pursuant to Section 3.01. The Closing Date is hereby designated as the "Startup Day" within the meaning of Code Section 860G(a)(9) of the REMIC established pursuant to Section 3.01. The latest possible maturity date of the Class A Certificates is the Final Maturity Date.
Sample 1
Designation of Certificates; Designation of Startup Day and Latest Possible Maturity Date. The Depositor hereby designates the Class A-1 --------------------------------- Certificates, the Class A-2 Certificates, the Class A-3 Certificates, the Class A-PO Certificates, the Class B-1 Certificates, the Class B-2 Certificates, the Class B-3 Certificates, the Class B-4 Certificates, the Class B-5 and the Class B-6 Certificates as classes of "regular interests" and the Class A-R Certificate as the single class of "residual interest" in the REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Closing Date is hereby designated as the "Startup Day" of the REMIC within the meaning of Code Section 860G(a)(9). The "latest possible maturity date" of the regular interests in the REMIC is _______ 25, 20__ for purposes of Code Section 860G(a)(1).
Sample 1

Related to Designation of Certificates; Designation of Startup Day

  • Designation of Certificates; Designation of Startup Day and Latest Possible Maturity Date The Seller hereby designates the Classes of Class A Certificates (other than the Class II-A-R and Class II-A-LR Certificates) and the Classes of Class B Certificates as classes of "regular interests" and the Class II-A-R Certificate as the single class of "residual interest" in the Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Seller hereby further designates the Class I-L Interest, Class I-LS Interest, Class II-L Interest, and Class II-LS Interest as classes of "regular interests" and the Class II-A-LR Interest as the single class of "residual interest" in the Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Closing Date is hereby designated as the "Startup Day" of each of the Upper-Tier REMIC and the Lower-Tier REMIC within the meaning of Code Section 860G(a)(9). The "latest possible maturity date" of the regular interests in the Upper-Tier REMIC and the Lower-Tier REMIC is September 25, 2034 for purposes of Code Section 860G(a)(1).

  • Designation of Certificates Designation of Startup Day and Latest Possible Maturity Date................................ Section 2.06 Optional Substitution of Mortgage Loans...........................

  • Designation of Startup Day The Closing Date is hereby designated as the "startup day" of each of REMIC I and REMIC II within the meaning of Section 860G(a)(9) of the Code.

  • Designation of Start-up Day The Closing Date is hereby designated as the "start-up day" of each of the Upper-Tier REMIC and Lower-Tier REMIC within the meaning of Section 860G(a)(9) of the Code.

  • DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans.

  • Execution of Certificates The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery of the Trustee's Mortgage Files relating thereto to it and, concurrently with such delivery, has executed, authenticated and delivered to or upon the order of the Depositor, in exchange for the Mortgage Loans, the Trustee's Mortgage Files and the other assets included in the definition of Trust Fund, Certificates duly authenticated by the Trustee in Authorized Denominations evidencing the entire ownership of the Trust Fund.

  • Registration of Certificates; Transfer and Exchange of Certificates (a) The Indenture Trustee initially shall be the registrar (the “Certificate Registrar”) for the purpose of registering Certificates and Transfers of Certificates as herein provided. The Certificate Registrar shall cause to be kept, at the office or agency maintained pursuant to Section 3.8, a register (the “Certificate Register”) in which, subject to such reasonable regulations as it may prescribe, the Certificate Registrar shall provide for the registration of Certificates and the registration of Transfers of Certificates. Upon any resignation of any Certificate Registrar, the Owner Trustee shall, upon receipt of written instructions from the Depositor, promptly appoint a successor.

  • Cancellation of Certificate of Limited Partnership Upon the completion of the distribution of Partnership cash and property as provided in Section 12.4 in connection with the liquidation of the Partnership, the Certificate of Limited Partnership and all qualifications of the Partnership as a foreign limited partnership in jurisdictions other than the State of Delaware shall be canceled and such other actions as may be necessary to terminate the Partnership shall be taken.

  • Cancellation of Certificate of Formation Upon the completion of the distribution of Company cash and property in connection the dissolution of the Company, the Certificate of Formation and all qualifications of the Company as a foreign limited liability company in jurisdictions other than the State of Delaware shall be canceled and such other actions as may be necessary to terminate the Company shall be taken.

  • Filing of Certificate The Member caused a certificate of formation (the "CERTIFICATE") to be executed and filed with the office of the Delaware Secretary of State in accordance with the LLC Act on January 29, 2003.

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