Middle. Tier REMIC 1 shall hold the uncertificated interests issued by Lower-Tier REMIC 1, other than the LT1-R Interest, and shall issue several uncertificated interests. Each such interest, other than the Class MT1-R Interest, is hereby designated as a REMIC regular interest. The Class MT1-R Interest is hereby designated as the sole residual interest in Middle-Tier REMIC 1.
Appears in 11 contracts
Samples: Trust Agreement (Lehman XS Trust 2006-11), Trust Agreement (Lehman XS Trust 2006-17), Trust Agreement (Lehman XS Trust 2007-5h)
Middle. Tier REMIC 1 shall hold the uncertificated interests issued by Lower-Tier REMIC 1, other than the Class LT1-R Interest, and shall issue several uncertificated interests. Each such interest, other than the Class MT1-R Interest, is hereby designated as a REMIC regular interest. The Class MT1-R Interest is hereby designated as the sole residual interest in Middle-Tier REMIC 1.
Appears in 2 contracts
Samples: Trust Agreement (Lehman XS Trust, Series 2005-8), Trust Agreement (Structured Asset Securities Corp)
