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

Designations under REMIC Provisions; Designation of Startup Day. (a) The Sub-REMIC will consist of all of the assets of the Trust Fund (other than the Capitalized Interest Account, Supplemental Interest Payment Account and the Pre-Funding Account) and will be evidenced by the Class S-1 Interest, Class S-2 Interest, Class S-3 Interest and Class S-4 Interest (collectively, the Sub-REMIC Regular Interests) which will be uncertificated and will represent the "regular interests" in the Sub-REMIC. REMIC I will consist of the Sub-REMIC Regular Interests and will be evidenced by the Class I-A Interest, the Class I-B1 Interest, the Class I-B2 Interest, the Class I-B3 Interest, the Class I-B4 Interest, the Class I-B5 Interest, the Class I-B6 Interest, the Class I-B7 Interest, the Class I-B8 Interest, the Class I-B9 Interest, the Class I-B10 Interest, the Class I-N1 Interest, the Class I-N2 Interest and the Class I-N3 Interest (collectively, the "REMIC I Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC I. REMIC II will consist of the REMIC I Regular Interests and will be evidenced by the Class II-Accrual Interest, the Class II-A Interest, the Class II-AIO Interest, the Class II-M1 Interest, the Class II-M2 Interest, the Class II-B Interest, the Class II-N1 Interest, the Class II-N2 Interest, the Class II-N3 Interest and the Class II-Marker Interest (collectively, the "REMIC II Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC II. The Class R-S Interest, the Class R-I Interest and the Class R-II Interest will represent the sole class of "residual interest" in each of the Sub-REMIC, REMIC I and REMIC II, respectively. The Trustee will hold the Sub-REMIC Regular Interests, the REMIC I Regular Interests and the REMIC II Regular Interests. The Master REMIC will consist of the REMIC II Regular Interests and will be evidenced by Class A (other than the Supplemental Interest Right of the Class A Certificates), Class A-IO, Class M-1 (other than the Supplemental Interest Right of the Class M-1 Certificates), Class M-2 (other than the Supplemental Interest Right of the Class M-2 Certificates), Class B (other than the Supplemental Interest Right of the Class B Certificates) and Class X Certificates (collectively, the "Master REMIC Regular Interests") which will represent the "regular interests" in the Master REMIC. The Class R-III Interest will represent the sole class of "residual interest" in the Master REMIC. The Class R Certificates will represent the beneficial ownership of the Class R-S, R-I, R-II and R-III Interests. The Final Scheduled Maturity Date for each of the Sub-REMIC Regular Interests, the REMIC I Regular Interests (other than the Class I-N1, Class I-N2 and Class I-N3 Interests), the REMIC II Regular Interests (other than the Class II-AIO, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests) and the Master REMIC Regular Interests (other than the Class A-IO Certificate) shall be the Distribution Date in December 2033. The Final Scheduled Maturity Date for the Class I-N1, Class I-N2, Class I-N3, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests shall be the Distribution Date in March 2003, and the Final Scheduled Maturity Date for the Class II-AIO Interest and the Class A-IO Certificate shall be the Distribution Date in June 2005.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (Abfs Mort Loan Trust 2002-4 Mort Pass Thru Cert Ser 2002-4), Pooling and Servicing Agreement (American Business Financial Services Inc /De/)

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Designations under REMIC Provisions; Designation of Startup Day. (a) The Sub-REMIC I will consist of all of the assets of the Trust Fund (other than the Pre-Funding Account, if any, the Capitalized Interest Account, Supplemental Interest Payment if any, the Net WAC Cap Carryover Fund, the Special Reserve Account and the Pre-Funding AccountInterest Rate Hedge Payment Fund) and will be evidenced by the Class S-1 Interest, Class S-2 Interest, Class S-3 Interest and Class S-4 Interest (collectively, the Sub-REMIC Regular Interests) which will be uncertificated and will represent the "regular interests" in the Sub-REMIC. REMIC I will consist of the Sub-REMIC Regular Interests and will be evidenced by the Class I-A Interest, the Class I-B1 Interest, the Class I-B2 Interest, the Class I-B3 Interest, the Class I-B4 Interest, the Class I-B5 Interest, the Class I-B6 Interest, the Class I-B7 Interest, the Class I-B8 Interest, the Class I-B9 Interest, the Class I-B10 Interest, the Class I-N1 Interest, the Class I-N2 I-1 Interest and the Class I-N3 Q-1 Interest (collectively, the "REMIC I Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC I. REMIC II will consist of the REMIC I Regular Interests and will be evidenced by the Class II-Accrual I-2 Interest, the Class II-A InterestAIO-2i, AIO-2ii, AIO-2iii, AIO-2iv, AIO-2v, AIO-2vi, AIO-2vii, AIO-2viii, AIO-2ix and AIO-2x Interests (collectively, the Class II-AIO Interest, the Class II-M1 Interest, the Class II-M2 Interest, the Class II-B Interest, the Class II-N1 Interest, the Class II-N2 Interest, the Class II-N3 Interest AIO-2 Interests) and the Class II-Marker Q-2 Interest (collectively, the "REMIC II Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC II. The REMIC III will consist of the REMIC II Regular Interests and will be evidenced by the Class R-S I-3 Interest, the Class RA-3 Interest, the Class AIO-3 Interest, the Class M1-I 3 Interest, the Class M2-3 Interest, the Class M3-3 Interest and the Class R-II Q-3 Interest (collectively, the "REMIC III Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC III. The Class R-1 Interest, the Class R-2 Interest and the Class R-3 Interest will represent the sole class of "residual interest" in each of the Sub-REMICREMIC I, REMIC I II and REMIC IIIII, respectively. The Trustee will hold the Sub-REMIC I Regular Interests, the REMIC I II Regular Interests and the REMIC II III Regular Interests. The Master REMIC will consist of the REMIC II III Regular Interests and will be evidenced by Class A (other than the Supplemental Interest Net WAC Cap Carryover Right of the Class A Certificates), Class A-IO, Class M-1 I, Class M-1, Class M-2, Class M-3 (for each of Class X-0, X-0 xxx X-0, other than the Supplemental Net WAC Cap Carryover Right and the Interest Rate Hedge Payment Right of the Class M-1 Certificates), Class M-2 (other than the Supplemental Interest Right of the Class M-2 Certificates), Class B (other than the Supplemental Interest Right of the Class B M Certificates) and Class X Certificates (collectively, the "Master REMIC Regular Interests") which will represent the "regular interests" in the Master REMICREMIC (also known as REMIC IV). The Class R-III R-4 Interest will represent the sole class of "residual interest" in the Master REMIC. The Class R Certificates will represent the beneficial ownership of the Class R-SX-0, R-IX-0, R-II X-0 and R-III R-4 Interests. The Final Scheduled Maturity Date for each of the Sub-REMIC Regular Interests, the REMIC I Regular Interests (other than the Class I-N1, Class I-N2 and Class I-N3 Interests), the REMIC II Regular Interests (other than Class I-2), the REMIC III Regular Interests (other than Class II-AIO, Class II-N1, Class II-N2, Class II-N3 AIO-3 and Class II-Marker InterestsI-3) and the Master REMIC Regular Interests (other than the Class A-IO Certificate and the Class I Certificate) shall be the Distribution Date in December August, 2033. The Final Scheduled Maturity Date for the Class I-N1, Class I-N2, Class I-N3, Class II-N1, Class II-N2, Class II-N3 I-2 and Class II-Marker I-3 Interests shall be the Distribution Date in March 2003September, 2005 and the Final Scheduled Maturity Date for the Class II-AIO Interest and the Class A-IO Certificate and Class AIO-3 Interest shall be the Distribution Date in June September, 2005.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Business Financial Services Inc /De/), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc)

Designations under REMIC Provisions; Designation of Startup Day. (a) The Sub-REMIC I will consist of all of the assets of the Trust Fund (other than the Capitalized Interest Account, Supplemental Interest Payment Account and the Pre-Funding Account) and will be evidenced by the Class S-1 Interest, Class S-2 Interest, Class S-3 Interest and Class S-4 Interest (collectively, the Sub-REMIC Regular Interests) which will be uncertificated and will represent the "regular interests" in the Sub-REMIC. REMIC I will consist of the Sub-REMIC Regular Interests and will be evidenced by the Class I-A Interest, the Class I-B1 Interest, the Class I-B2 Interest, the Class I-B3 Interest, the Class I-B4 Interest, the Class I-B5 Interest, the Class I-B6 Interest, the Class I-B7 Interest, the Class I-B8 Interest, the Class I-B9 Interest, the Class I-B10 Interest, the Class I-N1 Interest, the Class I-N2 Interest and the Class I-N3 B10 Interest (collectively, the "REMIC I Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC I. REMIC II will consist of the REMIC I Regular Interests and will be evidenced by the Class II-Accrual Interest, the Class II-A Interest, the Class II-AIO Interest, the Class II-M1 Interest, the Class II-M2 Interest, the Class II-B Interest, the Class II-N1 Interest, the Class II-N2 Interest, the Class II-N3 Interest and the Class II-Marker B Interest (collectively, the "REMIC II Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC II. The Class R-S Interest, the Class R-I Interest and the Class R-II Interest will represent the sole class of "residual interest" interest in each of the Sub-REMIC, REMIC I and REMIC II, respectively. The Trustee will hold the Sub-REMIC Regular Interests, the REMIC I Regular Interests and the REMIC II Regular Interests. The Master REMIC will consist of the REMIC II Regular Interests and will be evidenced by Class A (other than the Supplemental Interest Right of the Class A Certificates), Class A-IO, Class M-1 (other than the Supplemental Interest Right of the Class M-1 Certificates), Class M-2 (other than the Supplemental Interest Right of the Class M-2 Certificates), Class B (other than the Supplemental Interest Right of the Class B Certificates) and Class X Certificates (collectively, the "Master REMIC Regular Interests") which will represent the "regular interests" in the Master REMIC. The Class R-III Interest will represent the sole class of "residual interest" in the Master REMIC. The Class R Certificates will represent the beneficial ownership of the Class R-S, R-I, R-II and R-III Interests. The Final Scheduled Maturity Date for each of the Sub-REMIC Regular Interests, the REMIC I Regular Interests (other than the Class I-N1, Class I-N2 and Class I-N3 Interests), the REMIC II Regular Interests (other than the Class II-AIO, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests) and the Master REMIC Regular Interests (other than the Class A-IO Certificate) shall be the Distribution Date in December 2033. The Final Scheduled Maturity Date for the Class I-N1, Class I-N2, Class I-N3, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests shall be the Distribution Date in March 2003, and the Final Scheduled Maturity Date for the Class II-AIO Interest and the Class A-IO Certificate shall be the Distribution Date in June 2005.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American Business Financial Services Inc /De/), Pooling and Servicing Agreement (CSFB Mortgage Sec Corp Abfs Mort Ln Tr 2002-3)

Designations under REMIC Provisions; Designation of Startup Day. (a) The Sub-REMIC I will consist of all of the assets of the Trust Fund (other than the Capitalized Interest Account, Supplemental Interest Payment Account and the Pre-Funding Account) and will be evidenced by the Class S-1 I-1 Interest, Class S-2 I-2 Interest, Class S-3 I-3 Interest and Class S-4 I-4 Interest (collectively, the Sub-REMIC Regular Interests) which will be uncertificated and will represent the "regular interests" in the Sub-REMIC. REMIC I will consist of the Sub-REMIC Regular Interests and will be evidenced by the Class I-A Interest, the Class I-B1 Interest, the Class I-B2 Interest, the Class I-B3 Interest, the Class I-B4 Interest, the Class I-B5 Interest, the Class I-B6 Interest, the Class I-B7 Interest, the Class I-B8 Interest, the Class I-B9 Interest, the Class I-B10 Interest, the Class I-N1 Interest, the Class I-N2 Interest and the Class I-N3 Interest (collectively, the "REMIC I Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC I. REMIC II will consist of the REMIC I Regular Interests and will be evidenced by the Class II-Accrual II-1 Interest, the Class II-A Interest, the Class II-AIO Interest, the Class II-M1 Interest, the Class II-M2 Interest, the Class II-B Interest, the Class II-N1 Interest, the Class II-N2 Interest, the Class II-N3 II-2 Interest and the Class II-Marker II-3 Interest (collectively, the "REMIC II Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC II. The Class R-S Interest, the Class R-I Interest and the Class R-II Interest will represent the sole class of "residual interest" in each of the Sub-REMIC, REMIC I and REMIC II, respectively. The Trustee will hold the Sub-REMIC Regular Interests, the REMIC I Regular Interests and the REMIC II Regular Interests. The Master REMIC III will consist of the REMIC II Regular Interests and will be evidenced by the Class A III-A-1 Interest, Class III-Accrual I Interest, Class III-A-2 Interest, Class III-A-3 Interest, Class III-A-4 Interest, Class III-Accrual II and III-A-IO Interest (the "REMIC III Regular Interests") which will be uncertificated and will represent "regular interests" in REMIC III. The Class R-I Interest, Class R-II Interest and Class R-III Interest will represent the sole class of residual interest in each of REMIC I, REMIC II and REMIC III, respectively. The Trustee will hold the REMIC I Regular Interests, REMIC II Regular Interests and REMIC III Regular Interests. The Master REMIC will consist of the REMIC III Regular Interests and will be evidenced by the Class A-1, Class A-2 (other than the Class A-2 Supplemental Interest Right of the Right), Class A Certificates)A-3, Class A-4, Class A-IO, Class M-1 (other than the Supplemental Interest Right of the Class M-1 Certificates), Class M-2 (other than the Supplemental Interest Right of the Class M-2 Certificates), Class B (other than the Supplemental Interest Right of the Class B Certificates) IO and Class X Certificates (collectively, the "Master REMIC Regular Interests") which will represent the "regular interests" in the Master REMIC. The ) and the Class R-III IV Interest will represent as the sole class of single "residual interest" in the Master REMIC. The Class R Certificates will represent the beneficial ownership of the Class R-S, R-I, R-II II, R-III and R-III IV Interests. The Final Scheduled Maturity Date for each of the Sub-REMIC Regular Interests, the REMIC I Regular Interests (other than the Class I-N1, Class I-N2 and Class I-N3 Interests), the REMIC II Regular Interests (other than the Class II-AIO, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests) and the Master REMIC Regular Interests (other than the Class A-IO Certificate) shall be the Distribution Date in December 2033. The Final Scheduled Maturity Date for the Class I-N1, Class I-N2, Class I-N3, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests shall be the Distribution Date in March 2003, and the Final Scheduled Maturity Date for the Class II-AIO Interest and the Class A-IO Certificate shall be the Distribution Date in June 2005.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc), Pooling and Servicing Agreement (American Business Financial Services Inc /De/)

Designations under REMIC Provisions; Designation of Startup Day. (a) The Sub-REMIC I will consist of all of the assets of the Trust Fund (other than the Capitalized Interest Account, Supplemental Interest Payment Account and the Pre-Funding Account) and will be evidenced by the Class S-1 Interest, Class S-2 Interest, Class S-3 LT-1 Interest and Class S-4 LT-AIO Interest (collectively, the Sub-REMIC Regular Interests) which will be uncertificated and will represent the "regular interests" in the Sub-REMIC. Subsidiary REMIC I will consist of the Sub-REMIC Regular Interests and will be evidenced by the Class I-A Interest, the Class I-B1 Interest, the Class I-B2 Interest, the Class I-B3 Interest, the Class I-B4 Interest, the Class I-B5 Interest, the Class I-B6 Interest, the Class I-B7 Interest, the Class I-B8 Interest, the Class I-B9 Interest, the Class I-B10 Interest, the Class I-N1 Interest, the Class I-N2 Interest and the Class I-N3 Interest (collectively, the "REMIC I Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC I. REMIC II will consist of the Subsidiary REMIC I Regular Interests and will be evidenced by the Class IIIT-Accrual A-IO Interest, the IT-Accrual Interest (the "Intermediate REMIC Accrual Class"), and the Class IIIT-A A-1 Interest (the "Intermediate REMIC Accretion Directed Class", together with the Intermediate REMIC Accrual Class and the IT-A-IO Interest, the Class II-AIO Interest, the Class II-M1 Interest, the Class II-M2 Interest, the Class II-B Interest, the Class II-N1 Interest, the Class II-N2 Interest, the Class II-N3 Interest and the Class II-Marker Interest (collectively, the "Intermediate REMIC II Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC II. The Class R-S Interest, the Class R-I Interest and the Class R-II Interest will represent the sole class of "residual interest" interest in each of the Sub-REMIC, REMIC I and REMIC IIII , respectively. The Trustee will hold the Sub-Subsidiary REMIC Regular Interests, the REMIC I Regular Interests and the Intermediate REMIC II Regular Interests. The Master REMIC will consist of the Intermediate REMIC II Regular Interests and will be evidenced by Class A (other than the Supplemental Interest Right of the Class A Certificates)A-1, Class A-IO, Class M-1 (other than the Supplemental Interest Right of the Class M-1 Certificates), Class M-2 (other than the Supplemental Interest Right of the Class M-2 Certificates), Class B (other than the Supplemental Interest Right of the Class B Certificates) IO and Class X Certificates (collectively, the "Master REMIC Regular Interests") which will represent the "regular interests" in the Master REMIC. The ) and the Class R-III Interest will represent as the sole class of single "residual interest" in the Master REMIC. The Class R Certificates will represent the beneficial ownership of the Class R-S, R-I, R-II and R-III Interests. The Final Scheduled Maturity Date for each of the Sub-REMIC Regular Interests, the REMIC I Regular Interests (other than the Class I-N1, Class I-N2 and Class I-N3 Interests), the REMIC II Regular Interests (other than the Class II-AIO, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests) and the Master REMIC Regular Interests (other than the Class A-IO Certificate) shall be the Distribution Date in December 2033. The Final Scheduled Maturity Date for the Class I-N1, Class I-N2, Class I-N3, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests shall be the Distribution Date in March 2003, and the Final Scheduled Maturity Date for the Class II-AIO Interest and the Class A-IO Certificate shall be the Distribution Date in June 2005.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)

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Designations under REMIC Provisions; Designation of Startup Day. (a) The Sub-REMIC I will consist of all of the assets of the Trust Fund (other than the Capitalized Interest Account, Supplemental Interest Payment Account and the Pre-Funding Account) and will be evidenced by the Class S-1 Interest, Class S-2 Interest, Class S-3 LT-1 Interest and Class S-4 LT-AIO Interest (collectively, the Sub-REMIC Regular Interests) which will be uncertificated and will represent the "regular interests" in the Sub-REMIC. Subsidiary REMIC I will consist of the Sub-REMIC Regular Interests and will be evidenced by the Class I-A Interest, the Class I-B1 Interest, the Class I-B2 Interest, the Class I-B3 Interest, the Class I-B4 Interest, the Class I-B5 Interest, the Class I-B6 Interest, the Class I-B7 Interest, the Class I-B8 Interest, the Class I-B9 Interest, the Class I-B10 Interest, the Class I-N1 Interest, the Class I-N2 Interest and the Class I-N3 Interest (collectively, the "REMIC I Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC I. REMIC II will consist of the Subsidiary REMIC I Regular Interests and will be evidenced by the Class IIIT-Accrual InterestInterest (the "Intermediate REMIC Accrual Class"), the Class II-A Interest, the Class II-AIO Interest, the Class II-M1 Interest, the Class II-M2 Interest, the Class II-B Interest, the Class II-N1 Interest, the Class II-N2 Interest, the Class II-N3 Interest and the Class IIIT-Marker A-1 Interest (collectivelythe "Intermediate REMIC Accretion Directed Class", together with the Intermediate REMIC Accrual Class, the "Intermediate REMIC II Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC II. The Class R-S Interest, the Class R-I Interest and the Class R-II Interest will represent the sole class of "residual interest" interest in each of the Sub-REMIC, REMIC I and REMIC IIII , respectively. The Trustee will hold the Sub-Subsidiary REMIC Regular Interests, the REMIC I Regular Interests and the Intermediate REMIC II Regular Interests. The Master REMIC will consist of the Intermediate REMIC II Regular Interests and will be evidenced by Class A (other than the Supplemental Interest Right of the Class A Certificates)A-1, Class A-IO, Class M-1 (other than the Supplemental Interest Right of the Class M-1 Certificates), Class M-2 (other than the Supplemental Interest Right of the Class M-2 Certificates), Class B (other than the Supplemental Interest Right of the Class B Certificates) IO and Class X Certificates (collectively, the "Master REMIC Regular Interests") which will represent the "regular interests" in the Master REMIC. The ) and the Class R-III Interest will represent as the sole class of single "residual interest" in the Master REMIC. The Class R Certificates will represent the beneficial ownership of the Class R-S, R-I, R-II and R-III Interests. The Final Scheduled Maturity Date for each of the Sub-REMIC Regular Interests, the REMIC I Regular Interests (other than the Class I-N1, Class I-N2 and Class I-N3 Interests), the REMIC II Regular Interests (other than the Class II-AIO, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests) and the Master REMIC Regular Interests (other than the Class A-IO Certificate) shall be the Distribution Date in December 2033. The Final Scheduled Maturity Date for the Class I-N1, Class I-N2, Class I-N3, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests shall be the Distribution Date in March 2003, and the Final Scheduled Maturity Date for the Class II-AIO Interest and the Class A-IO Certificate shall be the Distribution Date in June 2005.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Business Financial Services Inc /De/)

Designations under REMIC Provisions; Designation of Startup Day. (a) The Sub-REMIC I will consist of all of the assets of the Trust Fund (other than the Capitalized Interest Account, the Supplemental Interest Payment Account and the Pre-Funding Account) and will be evidenced by the Class S-1 Interest, Class S-2 Interest, Class S-3 I-1 Interest and Class S-4 I-2 Interest (collectively, the Sub-REMIC Regular Interests) which will be uncertificated and will represent the "regular interests" in the Sub-REMIC. REMIC I will consist of the Sub-REMIC Regular Interests and will be evidenced by the Class I-A Interest, the Class I-B1 Interest, the Class I-B2 Interest, the Class I-B3 Interest, the Class I-B4 Interest, the Class I-B5 Interest, the Class I-B6 Interest, the Class I-B7 Interest, the Class I-B8 Interest, the Class I-B9 Interest, the Class I-B10 Interest, the Class I-N1 Interest, the Class I-N2 Interest and the Class I-N3 Interest (collectively, the "REMIC I Regular Interests") which will be uncertificated and will represent the "regular interests" in REMIC I. REMIC II will consist of the REMIC I Regular Interests and will be evidenced by the Class II-Accrual A-1 Interest, the Class II-A A-2 Interest, the Class II-AIO A-3 Interest, the Class II-M1 A-4 Interest, the Class II-M2 A-5 Interest, the Class II-B Interest, the Class Accrual Interest and II-N1 Interest, the Class IIA-N2 Interest, the Class II-N3 Interest and the Class II-Marker IO Interest (collectively, the "REMIC II Regular Interests)") , which will be uncertificated and will represent the "regular interests" in REMIC II. The Class R-S Interest, the Class R-I Interest and the Class R-II Interest will represent the sole class of "residual interest" interest in each of the Sub-REMIC, REMIC I and REMIC II, respectively. The Trustee will hold the Sub-REMIC Regular Interests, the REMIC I Regular Interests and the REMIC II Regular Interests. The Master REMIC will consist of the REMIC II Regular Interests and will be evidenced by the Class A A-1 (other than the Class A-1 Supplemental Interest Right of the Right), Class A Certificates)A-2, Class A-3, Class A-4, Class A-5, Class A-IO, Class M-1 IO (other than the Class A-IO Supplemental Interest Right of the Class M-1 CertificatesRight), Class M-2 (other than the Supplemental Interest Right of the Class M-2 Certificates), Class B (other than the Supplemental Interest Right of the Class B Certificates) and Class X Certificates (collectively, the "Master REMIC Regular Interests") which will represent the "regular interests" in the Master REMIC. The ) and the Class R-III Interest will represent as the sole class of single "residual interest" in the Master REMIC. The Class R Certificates will represent the beneficial ownership of the Class R-S, R-I, R-II and R-III Interests. The Final Scheduled Maturity Date for each of the Sub-REMIC Regular Interests, the REMIC I Regular Interests (other than the Class I-N1, Class I-N2 and Class I-N3 Interests), the REMIC II Regular Interests (other than the Class II-AIO, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests) and the Master REMIC Regular Interests (other than the Class A-IO Certificate) shall be the Distribution Date in December 2033. The Final Scheduled Maturity Date for the Class I-N1, Class I-N2, Class I-N3, Class II-N1, Class II-N2, Class II-N3 and Class II-Marker Interests shall be the Distribution Date in March 2003, and the Final Scheduled Maturity Date for the Class II-AIO Interest and the Class A-IO Certificate shall be the Distribution Date in June 2005.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc)

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