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

Designations under REMIC Provisions; Designation of Startup Day. (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 REMIC Trust for the purposes of the REMIC Provisions.

Appears in 8 contracts

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

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Designations under REMIC Provisions; Designation of Startup Day. ((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 REMIC Trust for the purposes of the REMIC Provisions.

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 As of the Startup Day, the Class A Certificates are hereby designated as the "regular interests", and " in the REMIC Trust Fund. The Class R Certificates are designated the single class of "residual interests" in the REMIC Trust Fund for the purposes of the REMIC Provisions.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Money Store Trust 1996-C)

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Designations under REMIC Provisions; Designation of Startup Day. (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 REMIC Trust 1995-2 for the purposes of the REMIC Provisions.

Appears in 1 contract

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

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