Determination of Pass-Through Rates for Variable Rate Certificates. On each Determination Date, and so long as any Class of Variable Rate Certificates is outstanding, the Trustee will ascertain the Pass-Through Rate for the Variable Rate Certificates based on information provided to the Trustee by the Master Servicer. The Trustee's determination of each Pass-Through Rate for the Variable Rate Certificates for the related Interest Accrual Period will (in the absence of manifest error) be final and binding upon each Holder of a Certificate and the Trustee.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Tr Ser 1999-Tbc3), Pooling and Servicing Agreement (Mellon Residential Funding Corp Mort Pas THR Ser 2000 TBC 3), Pooling and Servicing Agreement (Mellon Residential Funding Corp Mort Pas THR Tr Se 2000 Tbc2)
Determination of Pass-Through Rates for Variable Rate Certificates. On each Determination Date, and so long as any Class of Variable Rate Certificates is outstanding, the Trustee will ascertain the Pass-Through Rate for the Variable Rate Certificates based on information provided to the Trustee by the Master Servicer. The Trustee's determination of each Pass-Through Rate for the Variable Rate Certificates for the related Interest Accrual Period will (in the absence of manifest error) be final and binding upon each Holder of a Certificate and the Trustee.. 76 82
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Cer Ser 2000-Tbc1)
Determination of Pass-Through Rates for Variable Rate Certificates. On each Determination Date, commencing with the Determination Date preceding the Initial Roll Date, and so long as any Class of Variable Rate Certificates is outstanding, the Trustee will ascertain the Pass-Through Rate for the Variable Rate Certificates based on information provided to the Trustee by the Master Servicer. The Trustee's determination of each Pass-Through Rate for the Variable Rate Certificates for the related Interest Accrual Period will (in the absence of manifest error) be final and binding upon each Holder of a Certificate and the Trustee.. 66 72
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mellon Residential Funding Corp)
Determination of Pass-Through Rates for Variable Rate Certificates. On each Determination Date, commencing with the Determination Date preceding the Initial Roll Date, and so long as any Class of Variable Rate Certificates is outstanding, the Trustee will ascertain the Pass-Through Rate for the Variable Rate Certificates based on information provided to the Trustee by the Master Servicer. The Trustee's determination of each Pass-Through Rate for the Variable Rate Certificates for the related Interest Accrual Period will (in the absence of manifest error) be final and binding upon each Holder of a Certificate and the Trustee.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Pass Through Certificates Series 1999-Tbc1)
Determination of Pass-Through Rates for Variable Rate Certificates. On each Determination Date, and so long as any Class of Variable Rate Certificates is outstanding, the Trustee will ascertain the Pass-Through Rate for the Variable Rate Certificates based on information provided to the Trustee by the Master Servicer. The Trustee's ’s determination of each Pass-Through Rate for the Variable Rate Certificates for the related Interest Accrual Period will (in the absence of manifest error) be final and binding upon each Holder of a Certificate and the Trustee. SECTION 4.08. [Reserved].
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mellon Residential Funding Corp)
