Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the pool of assets comprised of the REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes and the Class SB-II Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.
Appears in 1 contract
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement, as a REMIC for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined in the Standard Terms) under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes A-I-1, Class A-I-2, Class A-II-1, Class A-II-2, Class A-III-1, Class A-III-2, Class A-IV-1, Class A-IV-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2005-Qa10 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of REMIC I (as defined herein) (including the Mortgage Loans), and subject to this Agreement, as a REMIC for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests Interests, as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be represent ownership of the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined in the Standard Terms) under the federal income tax law. The REMIC II Regular Interests Class I-A-1, Class I-A-2, Class II-A-1, Class II-A-2, Class III-A-1, Class III-A-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, will be represent ownership of "regular interests" in REMIC II and the Class R-II Certificates will be represent ownership of the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes and the Class SB-II Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.
Appears in 1 contract
Samples: RALI Series 2007-Qa5 Trust
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement, as a REMIC for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined in the Standard Terms) under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes I-A-1, Class I-A-2, Class II-A-1, Class III-A-1, Class III-A-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2005-Qa13 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement, as a REMIC for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R Certificates (with respect to the Class R-I Certificates Interest) will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined in the Standard Terms) under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes A-I, Class A-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R Certificates (with respect to the Class R-II Certificates Interest) will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2005-Qa5 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement, as a REMIC for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined in the Standard Terms) under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes CB-I-1, Class CB-I-2, Class NB-II-1, Class NB-II-2, Class CB-III, Class NB-IV-1, Class NB-IV-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2005-Qa9 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement, as a REMIC for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined in the Standard Terms) under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes CB I, Class NB-I, Class CB-II, Class NB-II-1, Class NB-II-2, Class NB-II-3, Class A-III-1, Class A-III-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2005-Qa6 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement, as a REMIC for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined in the Standard Terms) under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes A1-I, Class A1-II, Class CB-I, Class CB-II, Class NB-I, Class NB-II, Class A2-I, Class A2-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2005-Qa2 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of the REMIC I Regular Interests (as defined herein), and subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II"I) for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests, and subject to this Agreement (excluding the Initial Monthly Payment Fund), as a REMIC (REMIC II) for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions under (as defined in the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax lawStandard Terms). The Class II Notes I-A, Class II-A, Class III-A, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2005-Sa5 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement, as a REMIC for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined in the Standard Terms) under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes CB I, Class NB-I, Class CB-II, Class NB-II, Class NB-III-1, Class NB-III-2, Class NB-III-3, Class NB-IV, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2004-Qa6 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement, as a REMIC for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined in the Standard Terms) under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes CB I, Class NB-I, Class CB-II, Class NB-II, Class CB-III, Class NB-III, Class CB-IV, Class NB-IV, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2005-Qa3 Trust)
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the Mortgage Loans entire segregated pool of assets described in Loan Group II the definition of Trust Fund, and the proceeds of subject to this Agreement (including the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account Loans) as a REMIC ("REMIC I") and will make an and election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class II Notes A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class X-0, Xxxxx X-0, Class PO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the Uncertificated REMIC II Regular Interests, the rights in and to which will be represented by the Class SB-II Certificates IO Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the Mortgage Loans entire segregated pool of assets described in Loan Group II the definition of Trust Fund, and the proceeds of subject to this Agreement (including the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account Loans) as a REMIC ("REMIC I") and will make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class II Notes A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Class A-14, Class A-15, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II Certificates B-3 Certificates, will be "regular interests" in the REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans entire segregated pool of assets described in Loan Group II the definition of Trust Fund, and the proceeds of subject to this Agreement (including the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account Loans) as a REMIC ("REMIC I") and will shall make an election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class II Notes A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class PO, Class IO, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II Certificates B-3 Certificates, will be "regular interests" in the REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
Designation of REMIC(s). The REMIC Securities Administrator shall make an election to treat the Mortgage Loans entire segregated pool of assets described in Loan Group II the definition of REMIC 1, and the proceeds of subject to this Agreement (including the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account Loans) as a REMIC ("“REMIC I") 1”), and will shall make an election to treat the pool of assets comprised of the uncertificated REMIC I 1 Regular Interests as a REMIC ("“REMIC II"2”) for federal income tax purposes. The REMIC I 1 Regular Interests will be "“regular interests" ” in REMIC I 1 and the Class R-I Certificates R-1 Interest will be the sole class of "“residual interests" ” in REMIC I 1 for purposes of the REMIC Provisions under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class II Notes I-A-1, Class I-A-2, Class II-A-1, Class II-A-2, Class III-A-1, Class III-A-2, Class IV-A-1, Class IV-A-2, Class P, Class B-1, Class B-2, Class B-3 Class B-4, Class B-5 and the Class SB-II Certificates B-6 Certificates, will be "“regular interests" ” in REMIC II2 , and the Class R-II Certificates R-2 Interest will be the sole class of "“residual interests" ” therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Hsi Asset Securitization Corp)
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the Mortgage Loans entire segregated pool of assets described in Loan Group II the definition of Trust Fund, and the proceeds of subject to this Agreement (including the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account Loans) as a REMIC ("REMIC I") and will make an and election to treat the pool of assets comprised of the uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class X-0, Xxxxx X-0, Class PO, Class IO, Class M-1, Class M-2, and Class M-3 Certificates and REMIC II Notes and the Class Regular Interest SB-PO and REMIC II Certificates Regular Interest SB-IO, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class Class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
Designation of REMIC(s). The REMIC Securities Administrator shall make an election to treat the Mortgage Loans entire segregated pool of assets described in Loan Group II the definition of REMIC 1, and the proceeds of subject to this Agreement (including the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account Loans) as a REMIC ("REMIC I1") ), and will shall make an election to treat the pool of assets comprised of the uncertificated REMIC I 1 Regular Interests as a REMIC ("REMIC II2") for federal income tax purposes. The REMIC I 1 Regular Interests will be "regular interests" in REMIC I 1 and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I 1 for purposes of the REMIC Provisions under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class II Notes I-A-1, Class II-A-1, Class II-A-2, Class III-A-1, Class III-A-2, Class IV-A-1, Class IV-A-2, Class P, Class B-1, Class B-2, Class B-3 Class B-4, Class B-5 and the Class SB-II Certificates B-6 Certificates, will be "regular interests" in REMIC II2, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HSI Asset Loan Obligation Trust 2007-Ar1)
Designation of REMIC(s). The REMIC Administrator shall will make an election to treat the Mortgage Loans entire segregated pool of assets described in Loan Group II the definition of Trust Fund, and the proceeds of subject to this Agreement (including the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account Loans) as a REMIC ("REMIC I") and will make an election to treat the pool of assets comprised of the Uncertificated REMIC I Regular Interests as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under the federal income tax law. The Class II Notes A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-P, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the Uncertificated REMIC II Regular Interests Z, the rights in and to which will be represented by the Class SBA-II Certificates V Certificates, will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law. On and after the date of issuance of any Subclass of Class A-V Certificates pursuant to Section 5.01(c), any such Subclass will represent the Uncertificated REMIC II Regular Interest or Interests Z specified by the initial Holder of the Class A-V Certificates pursuant to said Section.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Accredit Loans Inc)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement, as a REMIC for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined in the Standard Terms) under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes CB-I, Class NB-II, Class CB-III, Class NB-IV, Class NB-V, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2005-Qa12 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of REMIC I (as defined herein) (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), and subject to this Agreement, as a REMIC for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests (and excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I R Certificates will be the sole class of "residual interestsinterest" in REMIC I for purposes of the REMIC Provisions (as defined in the Standard Terms) under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law. The Class II Notes CB-I-1, Class CB-I-2, Class NB-I, Class CB-II-1, Class CB-II-2, Class NB-II, Class CB-III, Class NB-III, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II R Certificates will be represent ownership of the sole class of "residual interestsinterest" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RALI Series 2005-Qa8 Trust)
Designation of REMIC(s). The REMIC Administrator shall make an election to treat the Mortgage Loans in Loan Group II and the proceeds of the Mortgage Loans in Loan Group II and the proceeds of the Group II Policy on deposit in the Distribution Account, the Custodial Account and the Note Payment Account as a REMIC ("REMIC I") and will make an election to treat the segregated pool of assets comprised described in the definition of the REMIC I Regular Interests (as defined herein), and subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund), as a REMIC ("REMIC II") for federal income tax purposes. The REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests, and subject to this Agreement (excluding the Initial Monthly Payment Fund), as a REMIC for federal income tax purposes. The Uncertificated REMIC I Regular Interests will be "regular interests" in REMIC I and the Class R-I Certificates will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions under the federal income tax law. The REMIC II Regular Interests will be "regular interests" in REMIC II and the Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law(as defined herein). The Class II Notes I-A-1, Class I-A-2, Class I-A-3, Class II-A, Class III-A, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and the Class SB-II B-3 Certificates will be "regular interests" in REMIC II, and the Class R-II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined hereinin the Standard Terms) under federal income tax law.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2005-Sa1 Trust)