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

Designation of Interests in the REMICs. The Depositor hereby designates the Classes of Senior Certificates (other than the Class 1-A-R Certificate) and the Classes of Subordinate Certificates as "regular interests" and the Class UR Interest as the sole 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 Uncertificated Lower-Tier Interests as classes of "regular interests" and the Class LR Interest as the sole class of "residual interest" in the Lower-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-4 Trust), Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-5 Trust)

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Designation of Interests in the REMICs. The Depositor hereby designates the Classes of Senior Certificates (other than the Class 1Upper-A-R Certificate) and the Classes of Subordinate Certificates Tier Regular Interests as "regular interests" and the Class UR Interest as the sole 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 Uncertificated Lower-Tier Regular Interests as classes of "regular interests" and the Class LR Interest as the sole single class of "residual interest" in the Lower-Tier 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 2007-8 Trust)

Designation of Interests in the REMICs. The Depositor hereby designates the Classes of Senior Certificates (other than the Class 1-A-A-3, Class P and Class R CertificateCertificates) and the Classes of Subordinate Certificates Components as "regular interests" and the Class UR Interest as the sole 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 Uncertificated Lower-Tier Interests as classes of "regular interests" and the Class LR Interest as the sole single class of "residual interest" in the Lower-Tier 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. 2005-C Trust)

Designation of Interests in the REMICs. The Depositor hereby designates the Classes of Senior Certificates (other than the Class 1Upper-A-R Certificate) and the Classes of Subordinate Certificates Tier Regular Interests as "regular interests" and the Class UR Interest as the sole single class of "residual interest" in the Upper-Tier REMIC for the purposes of Code Sections Section 860G(a)(1) and 860G(a)(2), respectively. The Depositor hereby further designates the Uncertificated Lower-Tier Regular Interests as classes of "regular interests" and the Class LR Interest as the sole single class of "residual interest" in the Lower-Tier REMIC for the purposes of Code Sections Section 860G(a)(1) and 860G(a)(2), respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-B Trust)

Designation of Interests in the REMICs. The Depositor Securities Administrator hereby designates the Classes of Senior Certificates (other than the Class A-1/2, Class 1-A-R Certificateand Class 1-A-LR Certificates) and the Classes of Subordinate Certificates and each Component as "regular interests" and the Class UR Interest 1-A-R Certificate as the sole 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 Securities Administrator hereby further designates the Uncertificated Lower-Tier Interests as classes of "regular interests" and the Class 1-A-LR Interest Certificate as the sole class of "residual interest" in the Lower-Tier 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 2005-3 Trust)

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Designation of Interests in the REMICs. The Depositor hereby designates the Classes of Senior Certificates (other than the Class 1-A-R Certificateand Class 1-A-LR Certificates) and the Classes of Subordinate Class B Certificates as "regular interests" and the Class UR Interest 1-A-R Certificate as the sole 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 Uncertificated Lower-Tier Interests as classes of "regular interests" and the Class 1-A-LR Interest Certificate as the sole single class of "residual interest" in the Lower-Tier 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. 2004-5 Trust)

Designation of Interests in the REMICs. The Depositor hereby designates the Classes of Senior Certificates (other than the Class CB-IO, Class CB-PO and Class 1-ACB-R Certificate) and Certificates), the Classes of Subordinate Class B Certificates and each Component as "regular interests" and the Class UR R-U Interest as the sole 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 Uncertificated Lower-Tier Interests as classes of "regular interests" and the Class LR R-L Interest as the sole single class of "residual interest" in the Lower-Tier Xxxr 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 Alternative Loan Trust 2006-1)

Designation of Interests in the REMICs. The Depositor hereby designates the Classes of Senior Certificates (other than the Class 1-ACB-R Certificateand Class 1-CB-LR Certificates) and the Classes of Subordinate Class B Certificates as "regular interestsxxxxrests" and the Class UR Interest 1-CB-R Certificate as the sole 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 Uncertificated Lower-Tier Interests as classes of "regular interests" and the Class 1-CB-LR Interest Certificate as the sole single class of "residual interest" in the LowerLowxx-Tier Xxer 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 Alternative Loan Trust Mortgage Pass-Through Certificates Series 2005-1)

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