Common use of Designation of Startup Day of REMIC Clause in Contracts

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

Appears in 22 contracts

Samples: Pooling and Servicing Agreement (Renaissance Mortgage Acceptance Corp), Pooling and Servicing Agreement (Delta Funding Home Equity Loan Tr 99-3 Home Eq as Bk Se 99-3), Pooling and Servicing Agreement (Delta Funding Corp /De/)

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Designation of Startup Day of REMIC. The Closing Date is hereby designated as the "β€œstart-up day" ” of each REMIC within the meaning of Section 860G(a)(9) of the Code.

Appears in 12 contracts

Samples: Pooling and Servicing Agreement (Home Equity Loan Asset-Backed Certificates Series 2003-2), Pooling and Servicing Agreement (Renaissance Mort Accept Corp Home Equity Ln as Bk Ce Se 03-3), Pooling and Servicing Agreement (Renaissance Home Equity Loan Tr Asset BKD Cer Series 2002-3)

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Designation of Startup Day of REMIC. The Closing Date is hereby designated as the "start-up day" of each the REMIC created hereunder within the meaning of Section 860G(a)(9) of the Code.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Avco Abs Receivables Corp)

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