Common use of Designation of Interests in REMIC Clause in Contracts

Designation of Interests in REMIC. (a) The Regular Certificates are hereby designated as the "regular interests" and the Residual Certificates are hereby designated as the single "residual interest" in the REMIC for purposes of the REMIC Provisions. (b) The Holder of the Residual Certificate is hereby designated as "tax matters person" with respect to the REMIC for purposes of the REMIC Provisions.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Sequoia Mortgage Funding Corp)

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Designation of Interests in REMIC. (a) The Regular Certificates are hereby designated as the "regular interests" and the Residual Certificates are hereby designated as the single "residual interest" in the REMIC for purposes of the REMIC Provisions. (b) The Holder of the Residual Certificate is hereby designated as "tax matters person" with respect to the REMIC for purposes of the REMIC Provisions.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Headlands Mortgage Securities Inc)

Designation of Interests in REMIC. (a) The Class R --------------------------------- Certificates are hereby designated as the single class of "residual interests" in the REMIC for purposes of the REMIC Provisions. The Regular Certificates are hereby designated as the "regular interests" and the Residual Certificates are hereby designated as the single "residual interest" in the REMIC for purposes of the REMIC Provisions. (b) The Holder of the Residual Certificate is hereby designated as "tax matters person" with respect to the REMIC for purposes of the REMIC Provisions.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Provident Bank)

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Designation of Interests in REMIC. (a) The Regular Certificates are hereby designated as the "regular interests" ” in the REMIC, and the Residual Class R Certificates are hereby designated as the single "residual interest" in the REMIC for purposes of the REMIC Provisions. (b) The Holder of the Residual Certificate Trustee is hereby designated as "tax matters person" with respect to the REMIC for purposes of the REMIC Provisions.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Mort Sec Inc Mort Back Ps THR Certs Ser 2003-1)

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