Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1) ----------- --------------- ---------------------- ----------------- II-LTAA Variable(2) II-LTA Variable(2) II-LTM 1 Variable(2) II-LTM 2 Variable(2) II-LTM 3 Variable(2) II-LTM 4 Variable(2) II-LTZZ Variable(2) II-LTIO Variable(2) II-LTP Variable(2) ___________________________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II Regular Interest. (2) Calculated in accordance with the definition of "REMIC II Remittance Rate" herein. (3) REMIC II Regular Interest II-LTIO will not have an Initial Uncertificated Balance, but will accrue interest on its respective Uncertificated Notional Amount outstanding from time to time, as defined herein. REMIC III --------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Certificates will evidence the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Pass-Through Certificate Principal Latest Possible Designation Rate Balance Maturity Date (1) ----------- ---- ------- ----------------- Class A Variable(2) Class A-IO Variable(2) Class M-1 Variable(2) Class M-2 Variable(2) Class M-3 Variable(2) Class M-4 Variable(2) Class P N/A(5) Class CE N/A(6) _________________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates. (2) Calculated in accordance with the definition of "Pass-Through Rate" herein. (3) The Class A-IO Certificates do not have a Certificate Principal Balance but will receive all amounts distributed to REMIC II Regular Interest II-LTIO. (4) The Class P Certificates will not accrue interest. (5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC II Regular Interests. The Class CE Certificates will not accrue interest on their Certificate Principal Balance. As of the Cut-off Date, the Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator and the Trustee agree as follows:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Deutsche Mortgage Securities Inc), Pooling and Servicing Agreement (Deutsche Alt-a Securities Inc)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1) ----------- --------------- ---------------------- ----------------- III-LTAA LT1 Variable(2) II$497,016,243.93 October 25, 2032 I-LTA LTIO-1 Variable(2) II$ 55,200,000.00 October 25, 2032 I-LTM 1 LT2 Xxxxxxxx(2) $108,685,933.22 October 25, 2032 I-LTIO-2 Variable(2) II-LTM 2 Variable(2) II-LTM 3 Variable(2) II-LTM 4 Variable(2) II-LTZZ Variable(2) II-LTIO Variable(2) II$ 12,100,000.00 October 25, 2032 I-LTP Variable(2Xxxxxxxx(2) $ 100.00 October 25, 2032 ___________________________
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II I Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II I Remittance Rate" herein.
(3) . REMIC II Regular Interest II-LTIO will not have an Initial Uncertificated Balance, but will accrue interest on its respective Uncertificated Notional Amount outstanding from time to time, as defined herein. REMIC III --------- -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." II". The Class R-III Certificates II Interest will evidence be the sole class of "residual interests" in REMIC III II for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through REMIC II Remittance Rate, the initial aggregate Certificate Principal Uncertificated Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Pass-Through Certificate Principal Latest Possible Designation Rate Balance Maturity Date (1) ----------- ---- ------- ----------------- Class A Variable(2) Class A-IO Variable(2) Class M-1 Variable(2) Class M-2 Variable(2) Class M-3 Variable(2) Class M-4 Variable(2) Class P N/A(5) Class CE N/A(6) _________________
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO Certificates do not have a Certificate Principal Balance but will receive all amounts distributed to REMIC II Regular Interest II-LTIO.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC II Regular InterestsInterests (as defined herein). The Class CE Certificates will not accrue interest on their Certificate Principal Balance. As None of the Cut-off Date, the Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator and the Trustee agree as follows:REMIC II Regular Interests will be certificated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ace Securities Corp Home Equity Loan Trust Series 2002-He2)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1Date(1) ----------- --------------- ---------------------- ----------------- ---------------- II-LTAA LT1 Variable(2) $783,999,902.19 November 15, 2029 II-LTA LT2 Variable(2) $6,240,000.00 November 15, 2029 II-LTM 1 LT3 Variable(2) $600,000.00 November 15, 2029 II-LTM 2 LT4 Variable(2) $520,000.00 November 15, 2029 II-LTM 3 LT5 Variable(2) $276,000.00 November 15, 2029 II-LTM 4 LT6 7.000% $236,000.00 November 15, 2029 II-LT7 Variable(2) II-LTZZ Variable(2) II-LTIO Variable(2) $8,127,998.00 November 15, 2029 II-LTP (3) $100.00 November 15, 2029 II-LT2S Variable(2) ___________________________(4) November 15, 2029 II-LT3S Variable(2) (4) November 15, 2029 II-LT4S Variable(2) (4) November 15, 2029 II-LT5S Variable(2) (4) November 15, 2029 II-LT6S Variable(2) (4) November 15, 2029 -----------------------------
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II Remittance Rate" herein.
(3) The REMIC II Regular Interest II-LTIO LTP will not have an Initial accrue interest.
(4) This REMIC II Regular Interest has no Uncertificated Balance, Balance but will accrue interest at the related REMIC II Remittance Rate on its respective the related Uncertificated Notional Amount outstanding from time Amount, which is equal to time, as defined hereinthe Uncertificated Balance of the Uncertificated Corresponding Component. REMIC III --------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Certificates will evidence the sole class of "residual interests" in REMIC III for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Pass- Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Latest Possible Designation Rate Balance Maturity Date (1Date(1) ----------- ---- ------- ----------------- ----------------------------- ---------------- Class A A-1 Variable(2) $624,000,000.00 November 15, 2029 Class A-IO A-2 Variable(2) $60,000,000.00 November 15, 2029 Class M-1 Variable(2) $52,000,000.00 November 15, 2029 Class M-2 Variable(2) $27,600,000.00 November 15, 2029 Class M-3 7.000% $23,600,000.00 November 15, 2029 Class CE Variable(2) Class M-4 Variable(2$12,799,900.00(3) November 15, 2029 Class P N/A(5(4) Class CE N/A(6) _________________$ 100.00 November 15, 2029 -----------------------------
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO Certificates do not have a Certificate Principal Balance but will receive all amounts distributed to REMIC II Regular Interest II-LTIO.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of REMIC II Regular Interests (other than the Uncertificated Balance of the REMIC II Regular InterestsInterest II-LTP). The Class CE Certificates will not accrue interest on their Certificate Principal Balance.
(4) The Class P Certificates will not accrue interest. As of the Cut-off Date, the Initial Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]624,321,286.61. The amount deposited by the Depositor in the Pre- Funding Account on the Closing Date is $175,678,713. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator Servicer and the Trustee agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Fl Rte Cert Se 1999-Aq2)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1Date(1) ----------- --------------- ---------------------- ----------------- ---------------- II-LTAA LT1 Variable(2) $ 97,999,902.00 February 25, 2032 II-LTA LT2 Variable(2) $ 835,000.00 February 25, 2032 II-LTM 1 LT3 Variable(2) $ 60,000.00 February 25, 2032 II-LTM 2 LT4 Variable(2) $ 50,000.00 February 25, 2032 II-LTM 3 LT5 Variable(2) $ 40,000.00 February 25, 2032 II-LTM 4 LT6 Variable(2) $ 1,014,998.00 February 25, 2032 II-LTZZ LTS Variable(2) II-LTIO Variable(2N/A(3) February 25, 2032 II-LTP Variable(2) ___________________________$ 100.00 February 25, 2032 -----------------------------
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II Remittance Rate" herein.
(3) REMIC II Regular Interest II-LTIO LTS will not have an Initial Uncertificated Balance, but will accrue interest on its respective Uncertificated Notional Amount outstanding from time to time, as defined hereintime which shall equal the Initial Uncertificated Balance of REMIC I Interest I-LT2. REMIC III --------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Certificates Interest will evidence the sole class of "residual interests" in REMIC III for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Latest Possible Designation Rate Balance Maturity Date (1Date(1) ----------- ---- ------- ----------------- ----------------------------- ---------------- Class A Variable(2) Class A-IO Variable(2) $83,500,000.00 February 25, 2032 Class M-1 Variable(2) $ 6,000,000.00 February 25, 2032 Class M-2 Variable(2) $ 5,000,000.00 February 25, 2032 Class M-3 Variable(2) $ 4,000,000.00 February 25, 2032 Class M-4 S Variable(2) N/A(3) February 25, 2032 Class CE Variable(3) $ 1,499,900.00 February 25, 2032 Class P N/A(5A(4) Class CE N/A(6) _________________$100.00 February 25, 2032
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO S Certificates do will not have a Certificate Principal Balance Balance, but will receive all amounts distributed to REMIC II Regular Interest II-LTIOLTS.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC II Regular InterestsInterest II-LT1, REMIC II Regular Interest II-LT2, REMIC II Regular Interest II-LT3, REMIC II Regular Interest II-LT4, REMIC II Regular Interest II-LT5, REMIC II Regular Interest II-LT6 and REMIC II Regular Interest II-LTP. The Class CE Certificates will not accrue interest on their Certificate Principal Balance.
(5) The Class P Certificates will not accrue interest. As of the Cut-off Date, the Initial Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]79,941,802.78. The amount deposited by the Depositor in the Pre- Funding Account on the Closing Date is the Original Pre-Funded Amount. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator Servicer and the Trustee agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Flo Rate Mort Pas THR Cert Ser 01 3)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1Date(1) ----------- --------------- ---------------------- ----------------- ------------------------------------------------------------------------------------------------------------------------------------ II-LTAA Variable(2) $879,519,589.40 September 25, 2032 II-LTA LTA1 Variable(2) $ 5,052,170.00 September 25, 2032 II-LTM 1 LTA2 Variable(2) $ 2,217,330.00 September 25, 2032 II-LTM 2 LTM1 Variable(2) $ 628,230.00 September 25, 2032 II-LTM 3 LTM2 Variable(2) $ 484,630.00 September 25, 2032 II-LTM 4 LTM3 Variable(2) $ 354,500.00 September 25, 2032 II-LTM4 Variable(2) $ 116,670.00 September 25, 2032 II-LTS1 Variable(2) N/A(3) September 25, 2032 II-LTS2 Variable(2) N/A(4) September 25, 2032 II-LTZZ Variable(2) II-LTIO Variable(2) $ 9,095,849.38 September 25, 2032 II-LTP Variable(2) ___________________________$ 100.00 September 25, 2032
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II Remittance Rate" herein.
(3) REMIC II Regular Interest II-LTIO LTS1 will not have an Initial Uncertificated Balance, but will accrue interest on its respective Uncertificated Notional Amount outstanding from time to timetime which shall equal the aggregate Initial Uncertificated Balances of REMIC I Interest I-LTS1A, as defined herein. REMIC I Regular Interest I-LTS1B, REMIC I Regular Interest I-LTS1C, REMIC I Regular Interest I-LTS1D and REMIC I Regular Interest I-LTS1E.
(4) REMIC II Regular Interest II-LTS2 will not have an Initial Uncertificated Balance, but will accrue interest on its Uncertificated Notional Amount outstanding from time to time which shall equal the aggregate Initial Uncertificated Balances of REMIC I Interest I-LTS2A, REMIC I Regular Interest I-LTS2B, REMIC I Regular Interest I-LTS2C, REMIC I Regular Interest I-LTS2D and REMIC I Regular Interest I-LTS2E. REMIC III --------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Certificates Interest will evidence the sole class of "residual interests" in REMIC III for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Pass-Through Certificate Principal Latest Possible Designation Pass-Through Rate Balance Maturity Date (1Date(1) ----------- ---- ------- ----------------- ------------------------------------------------------------------------------------------------------------------------------------ Class A A-1 Variable(2) $505,217,000.00 September 25, 2032 Class A-IO A-2 Variable(2) $221,733,000.00 September 25, 2032 Class M-1 Variable(2) $ 62,823,000.00 September 25, 2032 Class M-2 Variable(2) $ 48,463,000.00 September 25, 2032 Class M-3 Variable(2) $ 35,450,000.00 September 25, 2032 Class M-4 Variable(2) $ 11,667,000.00 September 25, 2032 Class S Variable(2) N/A(3) September 25, 2032 Class CE Variable(2) $ 12,115,968.78(4) September 25, 2032 Class P N/A(5) Class CE N/A(6) _________________$ 100.00 September 25, 2032
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO S Certificates do will not have a Certificate Principal Balance Balance, but will receive all amounts distributed to REMIC II Regular Interest II-LTIOLTS1 and REMIC II Regular Interest II-LTS2.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC II Regular Interests. The Class CE Certificates will not accrue interest on their Certificate Principal Balance.
(5) The Class P Certificates will not accrue interest. As of the Cut-off Date, the Original Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]897,469,068.78. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator Servicer and the Trustee agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pas THR Cert Ser 2002-Nc1)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1Date(1) ----------- --------------- ---------------------- ----------------- ---------------- II-LTAA LT1 Variable(2) $770,983,975.90 February 2030 II-LTA LT2 Variable(2) $6,451,090.00 February 2030 II-LTM 1 LT3 Variable(2) $472,030.00 February 2030 II-LTM 2 LT4 Variable(2) $413,020.00 February 2030 II-LTM 3 LT5 7.000% $314,680.00 February 2030 II-LT6 Variable(2) II-LTM 4 Variable(2) II-LTZZ Variable(2) II-LTIO Variable(2) $8,083,546.85 February 2030 II-LTP (3) $100.00 February 2030 II-LT2S Variable(2) ___________________________(4) February 2030 II-LT3S Variable(2) (4) February 2030 II-LT4S Variable(2) (4) February 2030 II-LT5S Variable(2) (4) February 2030 -----------------------------
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II Remittance Rate" herein.
(3) The REMIC II Regular Interest II-LTIO LTP will not have an Initial accrue interest.
(4) This REMIC II Regular Interest has no Uncertificated Balance, Balance but will accrue interest at the related REMIC II Remittance Rate on its respective the related Uncertificated Notional Amount outstanding from time Amount, which is equal to time, as defined hereinthe Uncertificated Balance of the Uncertificated Corresponding Component. REMIC III --------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Certificates will evidence the sole class of "residual interests" in REMIC III for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Pass- Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Latest Possible Designation Rate Balance Maturity Date (1Date(1) ----------- ---- ------- ----------------- ----------------------------- ---------------- Class A Variable(2) Class A-IO Variable(2) $645,109,000.00 February 2030 Class M-1 Variable(2) $47,203,000.00 February 2030 Class M-2 Variable(2) $41,302,000.00 February 2030 Class M-3 7.000% $31,468,000.00 February 2030 Class CE Variable(2) Class M-4 Variable(2) $21,636,342.75 February 2030 Class P N/A(5(4) Class CE N/A(6) _________________$100.00 February 2030 -----------------------------
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO Certificates do not have a Certificate Principal Balance but will receive all amounts distributed to REMIC II Regular Interest II-LTIO.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of REMIC II Regular Interests (other than the Uncertificated Balance of the REMIC II Regular InterestsInterest II-LTP). The Class CE Certificates will not accrue interest on their Certificate Principal Balance.
(4) The Class P Certificates will not accrue interest. As of the Cut-off Date, the Original Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]786,718,442.75. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator Servicer and the Trustee agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mor Sec Vii Fl Rt MR Pa Th Cer Ser 2000 Lb1)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1Date(1) ----------- --------------- ---------------------- ----------------- ------------- II-LTAA Variable(2) $194,671,115.87 March 25, 2032 XX-XXX Variable(2) $ 1,609,010.00 March 25, 2032 II-LTA LTM1 Variable(2) $ 124,150.00 March 25, 2032 II-LTM 1 LTM2 Variable(2) $ 114,230.00 March 25, 2032 II-LTM 2 LTM3 Variable(2) $ 94,350.00 March 25, 2032 II-LTM 3 LTM4 Variable(2) II-LTM 4 Variable(2) $ 4,970.00 March 25, 2032 II-LTZZ Variable(2) II$ 2,026,169.92 March 25, 2032 XX-LTIO XXX Variable(2) II-LTP Variable(2) ___________________________$ 100.00 March 25, 2032
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II I Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II I Remittance Rate" herein.
(3) . REMIC II Regular Interest II-LTIO will not have an Initial Uncertificated Balance, but will accrue interest on its respective Uncertificated Notional Amount outstanding from time to time, as defined herein. REMIC III --------- -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC IIIII." The Class R-III Certificates II Interests will evidence the sole class of "residual interests" in REMIC III II for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Pass-Through Certificate Principal Latest Possible Designation Pass-Through Rate Balance Maturity Date (1Date(1) ----------- ---- ----------------- ------- ----------------- ------------- Class A Variable(2) Class A-IO Variable(2) $160,901,000.00 March 25, 2032 Class M-1 Variable(2) $ 12,415,000.00 March 25, 2032 Class M-2 Variable(2) $ 11,423,000.00 March 25, 2032 Class M-3 Variable(2) $ 9,435,000.00 March 25, 2032 Class M-4 Variable(2) $ 497,000.00 March 25, 2032 Class CE Variable(2) $ 3,972,995.79(3) March 25, 2032 Class P N/A(5A(4) Class CE N/A(6) _________________$ 100.00 March 25, 2032
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO Certificates do not have a Certificate Principal Balance but will receive all amounts distributed to REMIC II Regular Interest II-LTIO.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC II I Regular Interests. The Class CE Certificates will not accrue interest on their Certificate Principal Balance.
(4) The Class P Certificates will not accrue interest. As of the Cut-off Date, the Original Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]198,644,095.79. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator Trustee and the Trustee Trust Administrator agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 2002-1)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1Date(1) ----------- --------------- ---------------------- ----------------- ---------------- II-LTAA LT1 Variable(2) $308,820,359.71 July 25, 2029 II-LTA LT2 Variable(2) $2,371,290.00 July 25, 2029 II-LTM 1 LT3 Variable(2) $307,250.00 July 25, 2029 II-LTM 2 LT4 Variable(2) $149,680.00 July 25, 2029 II-LTM 3 LT5 Variable(2) $181,200.00 July 25, 2029 II-LTM 4 LT6 Variable(2) II-LTZZ Variable(2) II-LTIO Variable(2) $3,293,036.32 July 25, 2029 II-LTP (3) $100.00 July 25, 2029 II-LT2S Variable(2) ___________________________(4) July 25, 2029 II-LT3S Variable(2) (4) July 25, 2029 II-LT4S Variable(2) (4) July 25, 2029 II-LT5S Variable(2) (4) July 25, 2029
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II Remittance Rate" herein.
(3) The REMIC II Regular Interest II-LTIO LTP will not have an Initial accrue interest.
(4) This REMIC II Regular Interest has no Uncertificated Balance, Balance but will accrue interest at the related REMIC II Remittance Rate on its respective the related Uncertificated Notional Amount outstanding from time Amount, which is equal to time, as defined hereinthe Uncertificated Balance of the Uncertificated Corresponding Component. REMIC III --------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Certificates will evidence the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. "The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Pass-Through Certificate Principal Latest Possible Designation Pass-through Rate Certificate Principal Balance Maturity Date (1Date(1) ----------- ---- ------- ----------------- ----------------------------- ---------------- Class A Variable(2) Class A-IO Variable(2) $237,129,000.00 July 25, 2029 Class M-1 Variable(2) $30,725,000.00 July 25, 2029 Class M-2 Variable(2) $14,968,000.00 July 25, 2029 Class M-3 Variable(2) $18,120,000 July 25, 2029 Class M-4 CE Variable(2) $14,180,816.03(3) July 25, 2029 Class P N/A(5(4) Class CE N/A(6) _________________$ 100.00 July 25, 2029
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO Certificates do not have a Certificate Principal Balance but will receive all amounts distributed to REMIC II Regular Interest II-LTIO.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC II Regular InterestsInterests (other than the Uncertificated Balance of REMIC II Regular Interest II-LTP). The Class CE Certificates will not accrue interest on their Certificate Principal Balance. As of the Cut-off Date, the Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator and the Trustee agree as follows:.
(4) The Class P Certificates will not accrue interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Fl Rte Pas THR Ce Se 1999 Nc3)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1Date(1) ----------- --------------- ---------------------- ----------------- ---------------- II-LTAA LT1 Variable(2) $597,991,762.31 January 25, 2030 II-LTA LT2 Variable(2) $4,759,520.00 January 25, 2030 II-LTM 1 LT3 Variable(2) $427,140.00 January 25, 2030 II-LTM 2 LT4 Variable(2) $396,630.00 January 25, 2030 II-LTM 3 LT5 7.000% $274,580.00 January 25, 2030 II-LT6 Variable(2) II-LTM 4 Variable(2) II-LTZZ Variable(2) II-LTIO Variable(2) $6,346,043.52 January 25, 2030 II-LTP (3) $100.00 January 25, 2030 II-LT2S Variable(2) ___________________________(4) January 25, 2030 II-LT3S Variable(2) (4) January 25, 2030 II-LT4S Variable(2) (4) January 25, 2030 II-LT5S Variable(2) (4) January 25, 2030 ------------------
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II Remittance Rate" herein.
(3) The REMIC II Regular Interest II-LTIO LTP will not have an Initial accrue interest.
(4) This REMIC II Regular Interest has no Uncertificated Balance, Balance but will accrue interest at the related REMIC II Remittance Rate on its respective the related Uncertificated Notional Amount outstanding from time Amount, which is equal to time, as defined hereinthe Uncertificated Balance of the Uncertificated Corresponding Component. REMIC III --------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Certificates will evidence the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Latest Possible Designation Rate Balance Maturity Date (1Date(1) ----------- ---- ------- ----------------- ----------------------------- ---------------- Class A Variable(2) Class A-IO Variable(2) $475,952,000.00 January 25, 2030 Class M-1 Variable(2) $42,714,000.00 January 25, 2030 Class M-2 Variable(2) $39,663,000.00 January 25, 2030 Class M-3 7.000% $27,458,000.00 January 25, 2030 Class CE Variable(2) Class M-4 Variable(2$24,408,675.83(3) January 25, 2030 Class P N/A(5(4) Class CE N/A(6) _________________$100.00 January 25, 2030 ---------------------
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO Certificates do not have a Certificate Principal Balance but will receive all amounts distributed to REMIC II Regular Interest II-LTIO.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC II Regular InterestsInterests (other than the Uncertificated Balance of REMIC II Regular Interest II-LTP). The Class CE Certificates will not accrue interest on their Certificate Principal Balance.
(4) The Class P Certificates will not accrue interest. As of the Cut-off Date, the Original Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]610,195,775.83. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator Trustee and the Trustee Trust Administrator agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Fl Rt Cer Se 1999-Nc5)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1) ----------- --------------- ---------------------- ----------------- III-LTAA LT1 Variable(2) II$ 333,585,477.92 November 25, 2032 I-LTA LTIO-1 Variable(2) II$ 37,065,000.00 November 25, 2032 I-LTM 1 LT2 Xariable(2) $ 75,418,727.94 November 25, 2032 I-LTIO-2 Variable(2) II-LTM 2 Variable(2) II-LTM 3 Variable(2) II-LTM 4 Variable(2) II-LTZZ Variable(2) II-LTIO Variable(2) II$ 8,380,000.00 November 25, 2032 I-LTP Variable(2Xariable(2) $ 100.00 November 25, 2032 ___________________________
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II I Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II I Remittance Rate" herein.
(3) . REMIC II Regular Interest II-LTIO will not have an Initial Uncertificated Balance, but will accrue interest on its respective Uncertificated Notional Amount outstanding from time to time, as defined herein. REMIC III --------- -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." II". The Class R-III Certificates II Interest will evidence be the sole class of "residual interests" in REMIC III II for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through REMIC II Remittance Rate, the initial aggregate Certificate Principal Uncertificated Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Pass-Through Certificate Principal Latest Possible Designation Rate Balance Maturity Date (1) ----------- ---- ------- ----------------- Class A Variable(2) Class A-IO Variable(2) Class M-1 Variable(2) Class M-2 Variable(2) Class M-3 Variable(2) Class M-4 Variable(2) Class P N/A(5) Class CE N/A(6) _________________
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO Certificates do not have a Certificate Principal Balance but will receive all amounts distributed to REMIC II Regular Interest II-LTIO.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC II Regular InterestsInterests (as defined herein). The Class CE Certificates will not accrue interest on their Certificate Principal Balance. As None of the Cut-off Date, the Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator and the Trustee agree as follows:REMIC II Regular Interests will be certificated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ace Securities Corp)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1Date(1) ----------- --------------- ---------------------- ----------------- II---------------- I-LTAA Variable(2) II$590,593,274.77 September 25, 2032 I-LTA LTA1 Variable(2) II$ 4,277,090.00 September 25, 2032 I-LTM 1 LTA2 Variable(2) II$ 1,026,200.00 September 25, 2032 I-LTM 2 LTM1 Variable(2) II$ 241,060.00 September 25, 2032 I-LTM 3 LTM2 Variable(2) II$ 195,860.00 September 25, 2032 I-LTM 4 LTM3 Variable(2) II$ 105,460.00 September 25, 2032 I-LTM4 Variable(2) $ 60,260.00 September 25, 2032 I-LTM5 Variable(2) $ 45,200.00 September 25, 2032 I-LTM6 Variable(2) $ 45,200.00 September 25, 2032 I-LTZZ Variable(2) II$ 6,056,593.97 September 25, 2032 X-LTIO XXX Variable(2) II-LTP Variable(2) ___________________________$ 100.00 September 25, 2032
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II I Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II I Remittance Rate" herein.
(3) . REMIC II Regular Interest II-LTIO will not have an Initial Uncertificated Balance, but will accrue interest on its respective Uncertificated Notional Amount outstanding from time to time, as defined herein. REMIC III --------- -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC IIIII." The Class R-III Certificates II Interest will evidence the sole class of "residual interests" in REMIC III II for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Pass-Through Certificate Principal Latest Possible Designation Pass-Through Rate Balance Maturity Date (1Date(1) ----------- ---- ----------------- ------- ----------------- ---------------- Class A A-1 Variable(2) $427,709,000.00 September 25, 2032 Class A-IO A-2 Variable(2) $102,620,000.00 September 25, 2032 Class M-1 Variable(2) $ 24,106,000.00 September 25, 2032 Class M-2 Variable(2) $ 19,586,000.00 September 25, 2032 Class M-3 Variable(2) $ 10,546,000.00 September 25, 2032 Class M-4 Variable(2) $ 6,026,000.00 September 25, 2032 Class M-5 Variable(2) $ 4,520,000.00 September 25, 2032 Class M-6 4.00% per annum $ 4,520,000.00 September 25, 2032 Class CE Variable(2) $ 3,013,198.74(3) September 25, 2032 Class P N/A(5) Class CE N/A(6) _________________$ 100.00 September 25, 2032
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO Certificates do not have a Certificate Principal Balance but will receive all amounts distributed to REMIC II Regular Interest II-LTIO.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC II I Regular Interests. The Class CE Certificates will not accrue interest on their Certificate Principal Balance. As of the Cut-off Date, the Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator and the Trustee agree as follows:.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pas THR Cer Ser 2002-Opt1)
Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1Date(1) ----------- --------------- ---------------------- ----------------- ---------------- II-LTAA LT1 Variable(2) $254,166,995.13 April 25, 2029 II-LTA LT2 Variable(2) $2,072,230.00 Xxxxx 00, 0000 XX-XX0 Variable(2) $190,630.00 Xxxxx 00, 0000 XX-XX0 Variable(2) $110,220.00 Xxxxx 00, 0000 XX-XX0 Variable(2) $97,260.00 Xxxxx 00, 0000 XX-XX0 Variable(2) $2,716,741.53 Xxxxx 00, 0000 XX-XXX (3) $100.00 April 25, 2029 II-LTM 1 LT2S Variable(2) (4) April 25, 2029 II-LTM 2 LT3S Variable(2) (4) April 25, 2029 II-LTM 3 LT4S Variable(2) (4) April 25, 2029 II-LTM 4 LT5S Variable(2) II-LTZZ Variable(2(4) II-LTIO Variable(2) II-LTP Variable(2) ___________________________April 25, 2029
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II Regular Interest.
(2) Calculated in accordance with the definition of "REMIC II Remittance Rate" herein.
(3) The REMIC II Regular Interest II-LTIO LTP will not have an Initial accrue interest.
(4) This REMIC II Regular Interest has no Uncertificated Balance, Balance but will accrue interest at the related REMIC II Remittance Rate on its respective the related Uncertificated Notional Amount outstanding from time Amount, which is equal to time, as defined hereinthe Uncertificated Balance of the Uncertificated Corresponding Component. REMIC III --------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Certificates will evidence the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions. "The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Pass-Through Certificate Principal Latest Possible Designation Pass-through Rate Certificate Principal Balance Maturity Date (1Date(1) ----------- ---- ------- ----------------- ----------------------------- ---------------- Class A Variable(2) Class A-IO Variable(2) $207,223,000.00 April 25, 2029 Class M-1 Variable(2) $19,063,000.00 April 25, 2029 Class M-2 Variable(2) $11,022,000.00 April 25, 2029 Class M-3 Variable(2) $9,726,000.00 April 25, 2029 Class M-4 CE Variable(2) $12,320,076.66(3) April 25, 2029 Class P N/A(5(4) Class CE N/A(6) _________________$ 100.00 April 25, 2029
(1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates.
(2) Calculated in accordance with the definition of "Pass-Through Rate" herein.
(3) The Class A-IO Certificates do not have a Certificate Principal Balance but will receive all amounts distributed to REMIC II Regular Interest II-LTIO.
(4) The Class P Certificates will not accrue interest.
(5) The Class CE Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class CE Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC II Regular InterestsInterests (other than the Uncertificated Balance of REMIC II Regular Interest II-LTP). The Class CE Certificates will not accrue interest on their Certificate Principal Balance.
(4) The Class P Certificates will not accrue interest. As of the Cut-off Date, the Original Mortgage Loans had an aggregate Scheduled Principal Balance equal to $[_________]259,354,176.66. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Securities Administrator Trustee and the Trustee Trust Administrator agree as follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Broth Mo Se Vii Inc Fl Rt Mor Pa Th Cer Ser 1999 Nc2)