Designations under REMIC Provisions; Designation of Startup Day. (a) As of the Startup Day, all Classes of Certificates except for the Class R-1 and Class R-2 Certificates are hereby designated as the "regular interests" in REMIC I and the Class R-1 Certificates are designated the single class of "residual interests" in REMIC I for the purposes of the REMIC Provisions. As of the Startup Day, the REMIC II Regular Certificates are hereby designated as the "regular interests" in REMIC II and the Class R-2 Certificates are designated the single class of "residual interests" in REMIC II for the purposes of the REMIC Provisions.
Appears in 10 contracts
Samples: Sub Servicing Agreement (TMS Mortgage Inc), Pooling and Servicing Agreement (Money Store Home Equity Corp), Pooling and Servicing Agreement (Money Store Trust 1996-D)
Designations under REMIC Provisions; Designation of Startup Day. (a) As of the Startup Day, all Classes of Certificates except for the Class R-1 and Class R-2 Certificates are hereby designated as the "regular Regular interests" in REMIC I and the Class R-1 Certificates are designated the single class of "residual Residual interests" in REMIC I for the purposes of the REMIC Provisions. As of the Startup Day, the REMIC II Regular Certificates are hereby designated as the "regular Regular interests" in REMIC II and the Class R-2 Certificates are designated the single class of "residual Residual interests" in REMIC II for the purposes of the REMIC Provisions.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Money Store Home Equity Corp)
