Common use of Designations under REMIC Provisions; Designation of Startup Date Clause in Contracts

Designations under REMIC Provisions; Designation of Startup Date. (a) The Class A Certificates are hereby designated as the "regular interests", and the Class R Certificates are designated the single Class of "residual interests" in the 200_ - _ REMIC for the purposes of the REMIC Provisions. The 200_ - _ REMIC shall be designated as the "_______ HOME EQUITY TRUST 200_ - _ REMIC."

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Hsi Asset Securitization Corp), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC), Bcap LLC

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Designations under REMIC Provisions; Designation of Startup Date. (a) The Class A Certificates are hereby designated as the "regular interests", and the Class R Certificates are designated the single Class class of "residual interests" in the 200_ - _____ REMIC for the purposes of the REMIC Provisions. The 200_ - _____ REMIC shall be designated as the "___________________ HOME EQUITY TRUST 200_ - Trust _____ REMIC." The Closing Date will be the "startup day" of the _____ REMIC within the meaning of Section 860G(a)(9) of the Code (the "Startup Date").

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Residential Asset Funding Corp), Pooling and Servicing Agreement (Home Equity Securitization Corp)

Designations under REMIC Provisions; Designation of Startup Date. (a) The Class A Certificates are hereby designated as the "regular interests", and the Class R Certificates are designated the single Class of "residual interests" in the 200199_ - _ REMIC for the purposes of the REMIC Provisions. The 200199_ - _ REMIC shall be designated as the "_______ HOME EQUITY TRUST 200199_ - _ REMIC."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv)

Designations under REMIC Provisions; Designation of Startup Date. (a) The Class A Certificates are hereby designated as the "regular interests", and the Class R Certificates are designated the single Class class of "residual interests" in the 200_ - _ 1997-1 REMIC for the purposes of the REMIC Provisions. The 200_ - _ 1997-1 REMIC shall be designated as the "_______ HOME EQUITY TRUST 200_ - _ Xxxxx Home Equity Corporation Trust 1997-1 REMIC."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

Designations under REMIC Provisions; Designation of Startup Date. (a) The Class A Certificates are hereby designated as the "regular interests", and the Class R Certificates are designated the single Class of "residual interests" in the 20020__ - _ REMIC for the purposes of the REMIC Provisions. The 20020__ - _ REMIC shall be designated as the "“__________ HOME EQUITY TRUST 20020__ - _ REMIC."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bcap LLC)

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Designations under REMIC Provisions; Designation of Startup Date. (a) The Class A Certificates are hereby designated as the "regular interests", and the Class R Certificates are designated the single Class class of "residual interests" in the 200_ - _ 1999-1 REMIC for the purposes of the REMIC Provisions. The 200_ - _ 1999-1 REMIC shall be designated as the "_______ HOME EQUITY TRUST 200_ - _ Xxxxx Home Equity Trust 1999-1 REMIC."

Appears in 1 contract

Samples: Exhibit 99 (Bear Stearns Asset Backed Securities Inc)

Designations under REMIC Provisions; Designation of Startup Date. (a) The Class A Certificates are hereby designated as the "regular interests", and the Class R Certificates are designated the single Class class of "residual interests" in the 200_ - _ 1997-2 REMIC for the purposes of the REMIC Provisions. The 200_ - _ 1997-2 REMIC shall be designated as the "_______ HOME EQUITY TRUST 200_ - _ Xxxxx Home Equity Corporation Trust 1997-2 REMIC."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

Designations under REMIC Provisions; Designation of Startup Date. (a) The Class A Certificates are hereby designated as the "regular interests", and the Class R Certificates are designated the single Class class of "residual interests" in the 200_ - _ 1996-1 REMIC for the purposes of the REMIC Provisions. The 200_ - _ 1996-1 REMIC shall be designated as the "_______ HOME EQUITY TRUST 200_ - _ Xxxxx Home Equity Corporation Trust 1996-1 REMIC."

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

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