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 1997-2 REMIC for the purposes of the REMIC Provisions. The 1997-2 REMIC shall be designated as the "Xxxxx Home Equity Corporation Trust 1997-2 REMIC." (b) The Closing Date will be the "startup day" of the 1997-2 REMIC within the meaning of Section 860G(a)(9) of the Code (the "Startup Date").
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 1997-2 1 REMIC for the purposes of the REMIC Provisions. The 1997-2 1 REMIC shall be designated as the "Xxxxx Home Equity Corporation Trust 1997-2 1 REMIC."
(b) The Closing Date will be the "startup day" of the 1997-2 1 REMIC within the meaning of Section 860G(a)(9) of the Code (the "Startup Date").
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 19971999-2 1 REMIC for the purposes of the REMIC Provisions. The 19971999-2 1 REMIC shall be designated as the "Xxxxx Home Equity Corporation Trust 19971999-2 1 REMIC."
(b) The Closing Date will be the "startup day" of the 19971999-2 1 REMIC within the meaning of Section 860G(a)(9) of the Code (the "Startup Date").
Appears in 1 contract
Samples: Pooling and Servicing Agreement (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 of "residual interests" in the 19971996-2 1 REMIC for the purposes of the REMIC Provisions. The 19971996-2 1 REMIC shall be designated as the "Xxxxx Home Equity Corporation Trust 19971996-2 1 REMIC."
(b) The Closing Date will be the "startup day" of the 19971996-2 1 REMIC within the meaning of Section 860G(a)(9) of the Code (the "Startup Date")Code.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)
