Common use of Designation of Interests in the REMICs Clause in Contracts

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests as "regular interests" and the Class SI-UR Interest as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular Interests as classes of "regular interests" and the Class SI-MR Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (ii) the Uncertificated Shifting Interest Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-LR Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-2 Trust), Pooling and Servicing Agreement (Banc of America Funding 2007-3 Trust), Pooling and Servicing Agreement (Banc of America Funding 2007-1 Trust)

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Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests as "regular interests" and the Class SI-UR Interest as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular Interests as classes of "regular interests" and the Class SI-MR Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (ii) the Uncertificated Shifting Interest Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-LR Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-7 Trust), Pooling and Servicing Agreement (Banc of America Funding 2006-7 Trust)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest UpperClasses of Senior Certificates (other than the Class 30-Tier Regular Interests PO, Class 1-CB-R, Class 2-A-R, Class 3-A-R1, Class 3-A-R2 and Class 3-A-R3 Certificates) and the Classes of Class B Certificates and each Component as "regular interests" and the Class SI3-UR Interest A-R3 Certificate as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular REMIC 1 Interests as classes of "regular interests" and the Class SI1-MR Interest CB-R Certificate as the single class of "residual interest" in REMIC 1 for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively; (ii) the Uncertificated REMIC 2 Interests as classes of "regular interests" and the Class 2-A-R Certificate as the single class of "residual interest" in REMIC 2 for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively; (i) the Uncertificated REMIC 3 Interests as classes of "regular interests" and the Class 3-A-R1 Certificate as the single class of "residual interest" in REMIC 3 for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively; and (iv) the Uncertificated Middle-Tier Interests as classes of "regular interests" and the Class 3-A-R2 Certificate as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (ii) the Uncertificated Shifting Interest Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-LR Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-2)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests Classes of Senior Certificates (other than the Group 4 Certificates and the Residual Certificates) as "regular interests" and the Class SI1-UR Interest A-R Certificate as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Group 4 Certificates (other than the Class 4-A-3, Class 4-R and Class 4-LR Certificates) and the Components as "regular interests" and the Class 4-R Certificate as the single class of "residual interest" in the Group 4 Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest MiddleLower-Tier Regular Interests as classes of "regular interests" and the Class SI1-MR Interest A-LR Certificate as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively; (ii) the Uncertificated Middle-Tier Interests as classes of "regular interests" and the Class 1-A-MR Certificate as the single class of "residual interest" in the Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, ; and (iiiii) the Uncertificated Shifting Interest Group 4 Lower-Tier Regular Interests as classes of "regular interests" and the Class SI4-LR Interest Certificate as the single class of "residual interest" in the Shifting Interest Group 4 Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-C)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest UpperClasses of Senior Certificates (other than the Class 7-Tier Regular Interests CE Certificates, the Group 7 Certificates and the Residual Certificates) as "regular interests" and the Class SI3-UR Interest A-R Certificate as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Group 7 Certificates and the Class 7-CE Certificates as "regular interests" and the Class 7-R Certificate as the single class of "residual interest" in the Group 7 Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest MiddleLower-Tier Regular Interests as classes of "regular interests" and the Class SI3-MR Interest A-LR Certificate as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively; (ii) the Uncertificated Middle-Tier Interests as classes of "regular interests" and the Class 3-A-MR Certificate as the single class of "residual interest" in the Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, ; and (iiiii) the Uncertificated Shifting Interest Group 7 Lower-Tier Regular Interests as classes of "regular interests" and the Class SI7-LR Interest Certificate as the single class of "residual interest" in the Shifting Interest Group 7 Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-B)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest UpperClasses of Senior Certificates (other than the Class X-Tier Regular Interests PO, Class 15-PO and Class 1-A-R Certificates) and the Classes of Class B Certificates and each Component as "regular interests" and the Class SI1-UR Interest A-R Certificate as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular Pooling REMIC Interests as classes of "regular interests" and the Class SI1-MR LR-F Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier Pooling REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and ; (ii) the Uncertificated Shifting Interest Lower-Tier WF Group 1 Regular Interests as classes of "regular interests" and the Class SI1-LR LR-A Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier WF Group 1 REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates ; (iii) the Upper-Tier II WF Group 3 Regular Interests as classes of "regular interests" and the Class II1-UR LR-B Interest as the single class of "residual interest" in the Upper-Tier II WF Group 3 REMIC for the purposes of Code Section Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates ; (iiv) the Uncertificated Middle-Tier II WMMSC Group 1 Regular Interests as classes of "regular interests" and the Class II1-MR LR-C Interest as the single class of "residual interest" in the Middle-Tier II WMMSC Group 1 REMIC for the purposes of Code Section Sections 860G(a)(1) and 860G(a)(2), respectively and respectively; (iiv) the Uncertificated Lower-Tier II WMMSC Group 3 Regular Interests as classes of "regular interests" and the Class II1-LR LR-D Interest as the single class of "residual interest" in the Lower-Tier II WMMSC Group 3 REMIC for the purposes of Code Section Sections 860G(a)(1) and 860G(a)(2), respectively; and (vi) the BANA Group Regular Interests as classes of "regular interests" and the Class 1-LR-E Interest as the single class of "residual interest" in the BANA Group REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-4)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest UpperClasses of Senior Certificates (other than the Class 1-Tier Regular Interests A-R and Class 1-A-LR Certificates) and the Classes of Class B Certificates as "regular interests" and the Class SI1-UR 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 Depositor hereby further designates the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest, Class 4-LS Interest, Class 5-L Interest and Class 5-LS Interest as classes of "regular interests" and the Class 1-LR-E Interest as the single class of "residual interest" in the Shifting Interest Upper-Tier Pooling REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting WF Group 4 Regular Interest Middle-Tier Regular Interests as classes the class of "regular interests" and the Class SI1-MR LR-A Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier WF Group 4 REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and ; (ii) the Uncertificated Shifting WF RCR Regular Interest Lower-Tier Regular Interests as classes the class of "regular interests" and the Class SI1-LR LR-B Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier WF RCR REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates ; (iii) the Upper-Tier II WMMSC Group 1 Regular Interests Interest as the class of "regular interests" and the Class II1-UR LR-C Interest as the single class of "residual interest" in the Upper-Tier II WMMSC Group 1 REMIC for the purposes of Code Section Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates ; and (iiv) the Uncertificated Middle-Tier II WMMSC Group 4 Regular Interests Interest as classes the class of "regular interests" and the Class II1-MR LR-D Interest as the single class of "residual interest" in the Middle-Tier II WMMSC Group 4 REMIC for the purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section Sections 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-D)

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Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests Classes of Certificates (other than the Group 5 Certificates and the Residual Certificate) as "regular interests" and the Class SI1-UR Interest as the single class of "residual interest" in the Shifting Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Group 5 Certificates (other than the Class 5-A-3 and Class 5-P Certificates) and the Components as "regular interests" and the Class 5-UR Interest as the single class of "residual interest" in the Group 5 Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest MiddleLower-Tier Regular Interests as classes of "regular interests" and the Class SI1-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; (ii) the Uncertificated Middle-Tier Interests as classes of "regular interests" and the Class 1-MR Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and ; (iiiii) the Uncertificated Shifting Group 4 Pooling REMIC Interest as the class of "regular interest" and the Class 4-PR Interest as the single class of "residual interest" in the Group 4 Pooling REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively and (iv) the Uncertificated Group 5 Lower-Tier Regular Interests as classes of "regular interests" and the Class SI5-LR Interest as the single class of "residual interest" in the Shifting Interest Group 5 Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2005-A)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests as "regular interests" and the Class SI-UR Interest as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular Interests as classes of "regular interests" and the Class SI-MR Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (ii) the Uncertificated Shifting Interest Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-LR Interest as the single class of "residual interest" in the Shifting Interest Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp)

Designation of Interests in the REMICs. The Depositor hereby designates the Shifting Interest Upper-Tier Regular Interests as "regular interests" and the Class SI-UR Interest as the single class of "residual interest" in the Shifting Interest Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Shifting Interest Middle-Tier Regular Interests as classes of "regular interests" and the Class SI-MR Interest as the single class of "residual interest" in the Shifting Interest Middle-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (ii) the Uncertificated Shifting Interest Crossed Loan Group Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-LR XLR Interest as the single class of "residual interest" in the Shifting Interest Crossed Loan Group Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively, and (iii) the Uncertificated Shifting Interest Loan Group 5 Lower-Tier Regular Interests as classes of "regular interests" and the Class SI-5LR Interest as the single class of "residual interest" in the Shifting Interest Loan Group 5 Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby designates the Upper-Tier II Regular Interests as "regular interests" and the Class II-UR Interest as the single class of "residual interest" in the Upper-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates (i) the Uncertificated Middle-Tier II Regular Interests as classes of "regular interests" and the Class II-MR Interest interest as the single class of "residual interest" in the Middle-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively and (ii) the Uncertificated Lower-Tier II Regular Interests as classes of "regular interests" and the Class II-LR Interest as the single class of "residual interest" in the Lower-Tier II REMIC for purposes of Code Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp)

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