PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Mortgage-Backed Certificates, Series 2005-7), Pooling and Servicing Agreement (Mortgage-Backed Certificates, Series 2005-7)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and Account, the Interest Coverage AccountAccount and, for the avoidance of doubt, the Swap Agreement, the Swap Account and any rights or obligations in respect of the Swap Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 I-1-A Variable(2) $ 2,836,590.00 September 6,504,163.13 October 25, 2035 M-1 I-1-B Variable(2) $ 427,710.00 September 6,504,163.13 October 25, 2035 M-2 I-2-A Variable(2) $ 74,650.00 September 7,630,897.06 October 25, 2035 M-3 I-2-B Variable(2) $ 121,050.00 September 7,630,897.06 October 25, 2035 M-4 I-3-A Variable(2) $ 90,790.00 September 8,735,561.93 October 25, 2035 M-5 I-3-B Variable(2) $ 64,560.00 September 8,735,561.93 October 25, 2035 B-1 I-4-A Variable(2) $ 88,770.00 September 9,808,437.92 October 25, 2035 B-2 I-4-B Variable(2) $ 60,520.00 September 9,808,437.92 October 25, 2035 B-3 I-5-A Variable(2) $ 66,580.00 September 10,838,637.00 October 25, 2035 B-4 I-5-B Variable(2) $ 199,730.00 September 10,838,637.00 October 25, 2035 ZZ I-6-A Variable(2) $ 4,039,038.02 September 11,815,419.66 October 25, 2035 I-6-B Variable(2) $ 11,815,419.66 October 25, 2035 I-7-A Variable(2) $ 12,730,772.07 October 25, 2035 I-7-B Variable(2) $ 12,730,772.07 October 25, 2035 I-8-A Variable(2) $ 13,462,261.43 October 25, 2035 I-8-B Variable(2) $ 13,462,261.43 October 25, 2035 I-9-A Variable(2) $ 13,030,614.94 October 25, 2035 I-9-B Variable(2) $ 13,030,614.94 October 25, 2035 I-10-A Variable(2) $ 12,488,232.01 October 25, 2035 I-10-B Variable(2) $ 12,488,232.01 October 25, 2035 I-11-A Variable(2) $ 11,966,927.38 October 25, 2035 I-11-B Variable(2) $ 11,966,927.38 October 25, 2035 I-12-A Variable(2) $ 11,468,061.62 October 25, 2035 I-12-B Variable(2) $ 11,468,061.62 October 25, 2035 I-13-A Variable(2) $ 10,990,622.25 October 25, 2035 I-13-B Variable(2) $ 10,990,622.25 October 25, 2035 I-14-A Variable(2) $ 10,533,677.11 October 25, 2035 I-14-B Variable(2) $ 10,533,677.11 October 25, 2035 I-15-A Variable(2) $ 10,096,356.06 October 25, 2035 I-15-B Variable(2) $ 10,096,356.06 October 25, 2035 I-16-A Variable(2) $ 9,677,777.17 October 25, 2035 I-16-B Variable(2) $ 9,677,777.17 October 25, 2035 I-17-A Variable(2) $ 9,277,110.84 October 25, 2035 I-17-B Variable(2) $ 9,277,110.84 October 25, 2035 I-18-A Variable(2) $ 8,893,570.37 October 25, 2035 I-18-B Variable(2) $ 8,893,570.37 October 25, 2035 I-19-A Variable(2) $ 8,526,402.36 October 25, 2035 I-19-B Variable(2) $ 8,526,402.36 October 25, 2035 I-20-A Variable(2) $ 8,175,468.24 October 25, 2035 I-20-B Variable(2) $ 8,175,468.24 October 25, 2035 I-21-A Variable(2) $ 7,882,589.79 October 25, 2035 I-21-B Variable(2) $ 7,882,589.79 October 25, 2035 I-22-A Variable(2) $ 7,553,917.54 October 25, 2035 I-22-B Variable(2) $ 7,553,917.54 October 25, 2035 I-23-A Variable(2) $ 7,216,257.53 October 25, 2035 I-23-B Variable(2) $ 7,216,257.53 October 25, 2035 I-24-A Variable(2) $ 124,843,317.36 October 25, 2035 I-24-B Variable(2) $ 124,843,317.36 October 25, 2035 I-25-A Variable(2) $ 1,741,206.99 October 25, 2035 I-25-B Variable(2) $ 1,741,206.99 October 25, 2035 I-26-A Variable(2) $ 1,679,269.42 October 25, 2035 I-26-B Variable(2) $ 1,679,269.42 October 25, 2035 I-27-A Variable(2) $ 1,619,612.26 October 25, 2035 I-27-B Variable(2) $ 1,619,612.26 October 25, 2035 I-28-A Variable(2) $ 1,562,148.14 October 25, 2035 I-28-B Variable(2) $ 1,562,148.14 October 25, 2035 I-29-A Variable(2) $ 1,506,793.26 October 25, 2035 I-29-B Variable(2) $ 1,506,793.26 October 25, 2035 I-30-A Variable(2) $ 1,453,467.11 October 25, 2035 I-30-B Variable(2) $ 1,453,467.11 October 25, 2035 I-31-A Variable(2) $ 1,402,092.39 October 25, 2035 I-31-B Variable(2) $ 1,402,092.39 October 25, 2035 I-32-A Variable(2) $ 1,352,766.67 October 25, 2035 I-32-B Variable(2) $ 1,352,766.67 October 25, 2035 I-33-A Variable(2) $ 1,306,872.40 October 25, 2035 I-33-B Variable(2) $ 1,306,872.40 October 25, 2035 I-34-A Variable(2) $ 1,262,114.75 October 25, 2035 I-34-B Variable(2) $ 1,262,114.75 October 25, 2035 I-35-A Variable(2) $ 1,214,998.78 October 25, 2035 I-35-B Variable(2) $ 1,214,998.78 October 25, 2035 I-36-A Variable(2) $ 12,222,619.51 October 25, 2035 I-36-B Variable(2) $ 12,222,619.51 October 25, 2035 I-37-A Variable(2) $ 697,944.04 October 25, 2035 I-37-B Variable(2) $ 697,944.04 October 25, 2035 I-38-A Variable(2) $ 675,928.35 October 25, 2035 I-38-B Variable(2) $ 675,928.35 October 25, 2035 I-39-A Variable(2) $ 654,603.29 October 25, 2035 I-39-B Variable(2) $ 654,603.29 October 25, 2035 I-40-A Variable(2) $ 633,947.24 October 25, 2035 I-40-B Variable(2) $ 633,947.24 October 25, 2035 I-41-A Variable(2) $ 613,939.34 October 25, 2035 I-41-B Variable(2) $ 613,939.34 October 25, 2035 I-42-A Variable(2) $ 594,559.33 October 25, 2035 I-42-B Variable(2) $ 594,559.33 October 25, 2035 I-43-A Variable(2) $ 575,787.58 October 25, 2035 I-43-B Variable(2) $ 575,787.58 October 25, 2035 I-44-A Variable(2) $ 557,605.09 October 25, 2035 I-44-B Variable(2) $ 557,605.09 October 25, 2035 I-45-A Variable(2) $ 539,993.45 October 25, 2035 I-45-B Variable(2) $ 539,993.45 October 25, 2035 I-46-A Variable(2) $ 522,934.81 October 25, 2035 I-46-B Variable(2) $ 522,934.81 October 25, 2035 I-47-A Variable(2) $ 506,411.88 October 25, 2035 I-47-B Variable(2) $ 506,411.88 October 25, 2035 I-48-A Variable(2) $ 490,407.92 October 25, 2035 I-48-B Variable(2) $ 490,407.92 October 25, 2035 I-49-A Variable(2) $ 474,906.71 October 25, 2035 I-49-B Variable(2) $ 474,906.71 October 25, 2035 I-50-A Variable(2) $ 459,892.52 October 25, 2035 I-50-B Variable(2) $ 459,892.52 October 25, 2035 I-51-A Variable(2) $ 445,350.11 October 25, 2035 I-51-B Variable(2) $ 445,350.11 October 25, 2035 I-52-A Variable(2) $ 431,264.73 October 25, 2035 I-52-B Variable(2) $ 431,264.73 October 25, 2035 I-53-A Variable(2) $ 417,622.10 October 25, 2035 I-53-B Variable(2) $ 417,622.10 October 25, 2035 I-54-A Variable(2) $ 404,408.35 October 25, 2035 I-54-B Variable(2) $ 404,408.35 October 25, 2035 I-55-A Variable(2) $ 391,610.08 October 25, 2035 I-55-B Variable(2) $ 391,610.08 October 25, 2035 I-56-A Variable(2) $ 379,340.27 October 25, 2035 I-56-B Variable(2) $ 379,340.27 October 25, 2035 I-57-A Variable(2) $ 367,806.21 October 25, 2035 I-57-B Variable(2) $ 367,806.21 October 25, 2035 I-58-A Variable(2) $ 356,144.36 October 25, 2035 I-58-B Variable(2) $ 356,144.36 October 25, 2035 I-59-A Variable(2) $ 344,849.79 October 25, 2035 I-59-B Variable(2) $ 344,849.79 October 25, 2035 I-60-A Variable(2) $ 10,427,226.53 October 25, 2035 I-60-B Variable(2) $ 10,427,226.53 October 25, 2035 II-1-A Variable(2) $ 2,771,648.98 October 25, 2035 II-1-B Variable(2) $ 2,771,648.98 October 25, 2035 II-2-A Variable(2) $ 3,251,789.29 October 25, 2035 II-2-B Variable(2) $ 3,251,789.29 October 25, 2035 II-3-A Variable(2) $ 3,722,525.22 October 25, 2035 II-3-B Variable(2) $ 3,722,525.22 October 25, 2035 II-4-A Variable(2) $ 4,179,714.81 October 25, 2035 II-4-B Variable(2) $ 4,179,714.81 October 25, 2035 II-5-A Variable(2) $ 4,618,718.28 October 25, 2035 II-5-B Variable(2) $ 4,618,718.28 October 25, 2035 II-6-A Variable(2) $ 5,034,959.17 October 25, 2035 II-6-B Variable(2) $ 5,034,959.17 October 25, 2035 II-7-A Variable(2) $ 5,425,022.51 October 25, 2035 II-7-B Variable(2) $ 5,425,022.51 October 25, 2035 II-8-A Variable(2) $ 5,736,735.44 October 25, 2035 II-8-B Variable(2) $ 5,736,735.44 October 25, 2035 II-9-A Variable(2) $ 5,552,795.93 October 25, 2035 II-9-B Variable(2) $ 5,552,795.93 October 25, 2035 II-10-A Variable(2) $ 5,321,667.80 October 25, 2035 II-10-B Variable(2) $ 5,321,667.80 October 25, 2035 II-11-A Variable(2) $ 5,099,521.85 October 25, 2035 II-11-B Variable(2) $ 5,099,521.85 October 25, 2035 II-12-A Variable(2) $ 4,886,937.89 October 25, 2035 II-12-B Variable(2) $ 4,886,937.89 October 25, 2035 II-13-A Variable(2) $ 4,683,484.45 October 25, 2035 II-13-B Variable(2) $ 4,683,484.45 October 25, 2035 II-14-A Variable(2) $ 4,488,764.32 October 25, 2035 II-14-B Variable(2) $ 4,488,764.32 October 25, 2035 II-15-A Variable(2) $ 4,302,406.68 October 25, 2035 II-15-B Variable(2) $ 4,302,406.68 October 25, 2035 II-16-A Variable(2) $ 4,124,035.74 October 25, 2035 II-16-B Variable(2) $ 4,124,035.74 October 25, 2035 II-17-A Variable(2) $ 3,953,297.95 October 25, 2035 II-17-B Variable(2) $ 3,953,297.95 October 25, 2035 II-18-A Variable(2) $ 3,789,858.08 October 25, 2035 II-18-B Variable(2) $ 3,789,858.08 October 25, 2035 II-19-A Variable(2) $ 3,633,395.09 October 25, 2035 II-19-B Variable(2) $ 3,633,395.09 October 25, 2035 II-20-A Variable(2) $ 3,483,849.92 October 25, 2035 II-20-B Variable(2) $ 3,483,849.92 October 25, 2035 II-21-A Variable(2) $ 3,359,044.28 October 25, 2035 II-21-B Variable(2) $ 3,359,044.28 October 25, 2035 II-22-A Variable(2) $ 3,218,985.66 October 25, 2035 II-22-B Variable(2) $ 3,218,985.66 October 25, 2035 II-23-A Variable(2) $ 3,075,097.04 October 25, 2035 II-23-B Variable(2) $ 3,075,097.04 October 25, 2035 II-24-A Variable(2) $ 53,200,057.55 October 25, 2035 II-24-B Variable(2) $ 53,200,057.55 October 25, 2035 II-25-A Variable(2) $ 741,988.55 October 25, 2035 II-25-B Variable(2) $ 741,988.55 October 25, 2035 II-26-A Variable(2) $ 715,594.81 October 25, 2035 II-26-B Variable(2) $ 715,594.81 October 25, 2035 II-27-A Variable(2) $ 690,172.83 October 25, 2035 II-27-B Variable(2) $ 690,172.83 October 25, 2035 II-28-A Variable(2) $ 665,685.38 October 25, 2035 II-28-B Variable(2) $ 665,685.38 October 25, 2035 II-29-A Variable(2) $ 642,096.75 October 25, 2035 II-29-B Variable(2) $ 642,096.75 October 25, 2035 II-30-A Variable(2) $ 619,372.63 October 25, 2035 II-30-B Variable(2) $ 619,372.63 October 25, 2035 II-31-A Variable(2) $ 597,480.09 October 25, 2035 II-31-B Variable(2) $ 597,480.09 October 25, 2035 II-32-A Variable(2) $ 576,460.69 October 25, 2035 II-32-B Variable(2) $ 576,460.69 October 25, 2035 II-33-A Variable(2) $ 556,903.55 October 25, 2035 II-33-B Variable(2) $ 556,903.55 October 25, 2035 II-34-A Variable(2) $ 537,830.77 October 25, 2035 II-34-B Variable(2) $ 537,830.77 October 25, 2035 II-35-A Variable(2) $ 517,753.02 October 25, 2035 II-35-B Variable(2) $ 517,753.02 October 25, 2035 II-36-A Variable(2) $ 5,208,481.12 October 25, 2035 II-36-B Variable(2) $ 5,208,481.12 October 25, 2035 II-37-A Variable(2) $ 297,418.11 October 25, 2035 II-37-B Variable(2) $ 297,418.11 October 25, 2035 II-38-A Variable(2) $ 288,036.46 October 25, 2035 II-38-B Variable(2) $ 288,036.46 October 25, 2035 II-39-A Variable(2) $ 278,949.11 October 25, 2035 II-39-B Variable(2) $ 278,949.11 October 25, 2035 II-40-A Variable(2) $ 270,146.86 October 25, 2035 II-40-B Variable(2) $ 270,146.86 October 25, 2035 II-41-A Variable(2) $ 261,620.80 October 25, 2035 II-41-B Variable(2) $ 261,620.80 October 25, 2035 II-42-A Variable(2) $ 253,362.30 October 25, 2035 II-42-B Variable(2) $ 253,362.30 October 25, 2035 II-43-A Variable(2) $ 245,363.01 October 25, 2035 II-43-B Variable(2) $ 245,363.01 October 25, 2035 II-44-A Variable(2) $ 237,614.83 October 25, 2035 II-44-B Variable(2) $ 237,614.83 October 25, 2035 II-45-A Variable(2) $ 230,109.90 October 25, 2035 II-45-B Variable(2) $ 230,109.90 October 25, 2035 II-46-A Variable(2) $ 222,840.62 October 25, 2035 II-46-B Variable(2) $ 222,840.62 October 25, 2035 II-47-A Variable(2) $ 215,799.63 October 25, 2035 II-47-B Variable(2) $ 215,799.63 October 25, 2035 II-48-A Variable(2) $ 208,979.79 October 25, 2035 II-48-B Variable(2) $ 208,979.79 October 25, 2035 II-49-A Variable(2) $ 202,374.18 October 25, 2035 II-49-B Variable(2) $ 202,374.18 October 25, 2035 II-50-A Variable(2) $ 195,976.12 October 25, 2035 II-50-B Variable(2) $ 195,976.12 October 25, 2035 II-51-A Variable(2) $ 189,779.09 October 25, 2035 II-51-B Variable(2) $ 189,779.09 October 25, 2035 II-52-A Variable(2) $ 183,776.83 October 25, 2035 II-52-B Variable(2) $ 183,776.83 October 25, 2035 II-53-A Variable(2) $ 177,963.23 October 25, 2035 II-53-B Variable(2) $ 177,963.23 October 25, 2035 II-54-A Variable(2) $ 172,332.39 October 25, 2035 II-54-B Variable(2) $ 172,332.39 October 25, 2035 II-55-A Variable(2) $ 166,878.61 October 25, 2035 II-55-B Variable(2) $ 166,878.61 October 25, 2035 II-56-A Variable(2) $ 161,650.02 October 25, 2035 II-56-B Variable(2) $ 161,650.02 October 25, 2035 II-57-A Variable(2) $ 156,734.95 October 25, 2035 II-57-B Variable(2) $ 156,734.95 October 25, 2035 II-58-A Variable(2) $ 151,765.44 October 25, 2035 II-58-B Variable(2) $ 151,765.44 October 25, 2035 II-59-A Variable(2) $ 146,952.43 October 25, 2035 II-59-B Variable(2) $ 146,952.43 October 25, 2035 II-60-A Variable(2) $ 4,443,402.04 October 25, 2035 II-60-B Variable(2) $ 4,443,402.04 October 25, 2035 P 0.00% $ 100.00 October 25, 2035 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-He9), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-He9)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in seventeen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account, the Swap Agreement and the SB-AM Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE I-1-A Variable(1) AA Variable(2$5,978,000.00 I-2-A Variable(1) $ 395,429,412.86 September 25, 2035 $7,686,000.00 I-3-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2$9,392,000.00 I-4-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(2$11,078,500.00 I-5-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(2$12,731,000.00 I-6-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(2$8,828,500.00 I-7-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(2$15,817,000.00 I-8-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(2$17,128,000.00 I-9-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(2$18,008,500.00 I-10-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(2$17,634,000.00 I-11-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(2$16,823,500.00 I-12-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(2$16,046,500.00 I-13-A Variable(1) $ 4,039,038.02 September 25, 2035 $15,306,500.00 I-14-A Variable(1) $14,600,000.00 I-15-A Variable(1) $13,928,000.00 I-16-A Variable(1) $13,286,000.00 I-17-A Variable(1) $12,675,000.00 I-18-A Variable(1) $12,105,000.00 I-19-A Variable(1) $11,791,000.00 I-20-A Variable(1) $18,918,500.00 I-21-A Variable(1) $106,850,500.00 I-22-A Variable(1) $31,524,500.00 I-23-A Variable(1) $5,203,000.00 I-24-A Variable(1) $4,437,000.00 I-25-A Variable(1) $3,728,500.00 I-26-A Variable(1) $3,023,000.00 I-27-A Variable(1) $2,889,500.00 I-28-A Variable(1) $2,762,000.00 I-29-A Variable(1) $2,641,000.00 I-30-A Variable(1) $1,959,000.00 I-31-A Variable(1) $6,965,500.00 I-32-A Variable(1) $1,111,500.00 I-33-A Variable(1) $1,077,500.00 I-34-A Variable(1) $1,044,000.00 I-35-A Variable(1) $1,011,500.00 I-36-A Variable(1) $980,000.00 I-37-A Variable(1) $949,500.00 I-38-A Variable(1) $919,500.00 I-39-A Variable(1) $890,000.00 I-40-A Variable(1) $862,500.00 I-41-A Variable(1) $835,000.00 I-42-A Variable(1) $808,000.00 I-43-A Variable(1) $782,500.00 I-44-A Variable(1) $757,500.00 I-45-A Variable(1) $21,726,000.00 I-1-B Variable(1) $5,978,000.00 I-2-B Variable(1) $7,686,000.00 I-3-B Variable(1) $9,392,000.00 I-4-B Variable(1) $11,078,500.00 I-5-B Variable(1) $12,731,000.00 I-6-B Variable(1) $8,828,500.00 I-7-B Variable(1) $15,817,000.00 I-8-B Variable(1) $17,128,000.00 I-9-B Variable(1) $18,008,500.00 I-10-B Variable(1) $17,634,000.00 I-11-B Variable(1) $16,823,500.00 I-12-B Variable(1) $16,046,500.00 I-13-B Variable(1) $15,306,500.00 I-14-B Variable(1) $14,600,000.00 I-15-B Variable(1) $13,928,000.00 I-16-B Variable(1) $13,286,000.00 I-17-B Variable(1) $12,675,000.00 I-18-B Variable(1) $12,105,000.00 I-19-B Variable(1) $11,791,000.00 I-20-B Variable(1) $18,918,500.00 I-21-B Variable(1) $106,850,500.00 I-22-B Variable(1) $31,524,500.00 I-23-B Variable(1) $5,203,000.00 I-24-B Variable(1) $4,437,000.00 I-25-B Variable(1) $3,728,500.00 I-26-B Variable(1) $3,023,000.00 I-27-B Variable(1) $2,889,500.00 I-28-B Variable(1) $2,762,000.00 I-29-B Variable(1) $2,641,000.00 I-30-B Variable(1) $1,959,000.00 I-31-B Variable(1) $6,965,500.00 I-32-B Variable(1) $1,111,500.00 I-33-B Variable(1) $1,077,500.00 I-34-B Variable(1) $1,044,000.00 I-35-B Variable(1) $1,011,500.00 I-36-B Variable(1) $980,000.00 I-37-B Variable(1) $949,500.00 I-38-B Variable(1) $919,500.00 I-39-B Variable(1) $890,000.00 I-40-B Variable(1) $862,500.00 I-41-B Variable(1) $835,000.00 I-42-B Variable(1) $808,000.00 I-43-B Variable(1) $782,500.00 I-44-B Variable(1) $757,500.00 I-45-B Variable(1) $21,726,000.00 I Variable(1) $78,255.439 II Variable(1) $21,744.565 A-I Variable(1) $48,900,043.746 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (RASC Series 2007-Ks2 Trust), Pooling and Servicing Agreement (RASC Series 2007-Ks2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fourteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (exclusive of the Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass- Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassLATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-A-1 Variable(1) AA Variable(2) $ 395,429,412.86 September $1,532.00 August 25, 2035 A Variable(22032 LT-A-2 Variable(1) $ 2,836,590.00 September $30,961,000.00 August 25, 2035 M-1 Variable(22032 LT-A-3 Variable(1) $ 427,710.00 September $28,278,000.00 August 25, 2035 M-2 Variable(22032 LT-A-4 Variable(1) $ 74,650.00 September $26,181,000.00 August 25, 2035 M-3 Variable(22032 LT-A-5 Variable(1) $ 121,050.00 September $24,239,000.00 August 25, 2035 M-4 Variable(22032 LT-A-6 Variable(1) $ 90,790.00 September $22,443,000.00 August 25, 2035 M-5 Variable(22032 LT-A-7 Variable(1) $ 64,560.00 September $20,778,000.00 August 25, 2035 B-1 Variable(22032 LT-A-8 Variable(1) $ 88,770.00 September $19,236,000.00 August 25, 2035 B-2 Variable(22032 LT-A-9 Variable(1) $ 60,520.00 September $17,811,000.00 August 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2032 _______________ (1) Calculated as provided in the definition of Group I Net WAC Cap Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Group II Loans and certain other related assets subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC II Pass-Through Rate") and initial Uncertificated Principal Balance for the "regular interest" in REMIC II (the "REMIC II Regular Interest"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for the REMIC II Regular Interest shall be the 360th Distribution Date. The REMIC II Regular Interest will not be certificated. UNCERTIFICATED REMIC LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE II PRINCIPAL BALANCE MATURITY DATE LT-B Variable(1) $203,000,664.00 August 25, 2032 _______________ (1) Calculated as provided in the definition of Group II Net WAC Cap Rate. REMIC III As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests and the REMIC II Regular Interests (exclusive of the Reserve Fund) subject to this Agreement 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 represent the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC III Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC III (the "REMIC III Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC III Regular Interest shall be the 360th Distribution Date. None of the REMIC III Regular Interests will be certificated. UNCERTIFICATED REMIC LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE III PRINCIPAL BALANCE MATURITY DATE LT3-AI-AA Variable(1) $403,761,501.36 August 25, 2032 LT3-AI-1 Variable(1) $1,323,000.00 August 25, 2032 LT3-AI-2 Variable(1) $480,000.00 August 25, 2032 LT3-AI-3 Variable(1) $714,000.00 August 25, 2032 LT3-AI-4 Variable(1) $726,000.00 August 25, 2032 LT3-AI-5 Variable(1) $465,000.00 August 25, 2032 LT3-AI-6 Variable(1) $412,000.00 August 25, 2032 LT3-AI-ZZ Variable(1) $4,120,030.64 August 25, 2032 LT3-IAIO(4) 2.00% $(2) August 25, 2032 LT3-AII-AA Variable(3) $198,940,650.72 August 25, 2032 LT3-AII-1 Variable(3) $2,030,000.00 August 25, 2032 LT3-AII-ZZ Variable(3) $2,030,013.28 August 25, 2032 REMIC IV As provided herein, the REMIC Administrator will elect to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC IV. The Class R-IV Certificates will represent the sole class of "residual interests" in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC IV. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC IV Regular Certificates shall be the 360th Distribution Date, except for the Class A-I-IO Certificates for which it shall be the 30th Distribution Date. Aggregate Initial Certificate Pass-Through- Principal Final Scheduled Designation Type Rate Balance Features Distribution Date Initial Ratings S&P Moody's Class A-I-1 Senior 2.451% $132,300,000 Senior February 25, 2019 AAA Aaa Class A-I-2 Senior 3.354% $48,000,000 Senior June 25, 2023 AAA Aaa Class A-I-3 Senior 3.885% $71,400,000 Senior October 25, 2027 AAA Aaa Class A-I-4 Senior 4.799%(1) $72,600,000 Senior November 25, 2030 AAA Aaa Class A-I-5 Senior 5.663%(1)(2) $46,500,000 Senior August 25, 2032 AAA Aaa Class A-I-6 Senior 5.031%(1) $41,200,000 Senior/ Lockout August 25, 2032 AAA Aaa Senior/ Interest Class A-I-IO Senior 2.000%(3) $0(4) Only February 25, 2005 AAA Aaa Senior/ Class A-II Senior Adjustable(1)(2)(5) $203,000,000 Adjustable Rate August 25, 2032 AAA Aaa Class SB-I Subordinate Adjustable(6) $1,532 Subordinate August 25, 2032 N/R N/R Class SB-II Subordinate Adjustable(6) $664 Subordinate August 25, 2032 N/R N/R Class R-I Residual N/A N/A Residual N/A N/R N/R Class R-II Residual N/A N/A Residual N/A N/R N/R Class R-III Residual N/A N/A Residual N/A N/R N/R Class R-IV Residual N/A N/A Residual N/A N/R N/R ___________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc), Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the The Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposespurposes will consist of three REMICs (“Subsidiary REMIC 1”, “Subsidiary REMIC 2” and such segregated pool of assets will be designated as the “REMIC IMaster REMIC”. The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each federal income tax purposes of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests all interests created hereby will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance the Latest Possible Maturity Date Date. Subsidiary REMIC 1 will consist of all of the assets constituting the Trust Fund corresponding to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 and will be evidenced by the following uncertificated 20 interests that shall be designated as REMIC regular interests: the LT1-1 Interest, the LT2-1 Interest, the LT3-1 Interest, the LT1-2 Interest, the LT2-2 Interest, the LT3-2 Interest, the LT1-3 Interest, the LT2-3 Interest, the LT3-3 Interest, the LT1-4 Interest, the LT2-4 Interest, the LT3-4 Interest, the LT1-5 Interest, the LT2-5 Interest, the LT3-5 Interest, the LT-PP-A-X Interest, the LT-15-A-X Interest, the LT-30-A-X Interest, the LT-15-PO Interest, the LT-30-PO Interest, the LT-4-A-10-Rounding Interest, the LT-4-A-11-Rounding Interest, the LT-4-12-Rounding Interest, the LT-4-A-23-Rounding Interest, and the LT-4-A-24 Rounding Interest (the “Subsidiary REMIC 1 Regular Interests”). In addition, Subsidiary REMIC 1 shall issue the R-1 interest and shall designate such interest as its sole class of residual interest. Subsidiary REMIC 2 shall hold as its assets the uncertificated REMIC regular interests issued by Subsidiary REMIC 1. Subsidiary REMIC 2 shall issue the R-2 interest and shall designate such interest as its sole class of residual interest. In addition, Subsidiary REMIC 2 shall issue the uncertificated REMIC regular interests set forth below for Subsidiary REMIC 2. The Master REMIC will consist of the Subsidiary REMIC 2 Regular Interests and will be evidenced by the Classes of regular interests set forth below for the Master REMIC (which each will represent the “regular interests” in the Master REMIC) AA Variable(2) $ 395,429,412.86 September 25and the R-3 Interest as the single “residual interest” in the Master REMIC. The Class A-R shall not be considered a Certificate issued by the Master REMIC, 2035 A Variable(2) $ 2,836,590.00 September 25but instead shall represent beneficial ownership of the Class R-1, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________Class R-2 and Class R-3 interests.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Incmastr Asset Sec Tr 2003 7), Pooling and Servicing Agreement (Mortgage Asset Sec Trans Incmastr Asset Sec Tr 2003 7)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (RASC Series 2006-Ks4), Pooling and Servicing Agreement (RASC Series 2006-Ks4)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing DateFor federal income tax purposes, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing will consist of the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. following two real estate mortgage investment conduits: REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than Agreement, but excluding the Reserve Fund, the Pre-Funding Capitalized Interest Account and the Interest Coverage Account) Yield Maintenance Agreement, as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Component I of the Class R-1 A-R Certificates will be represent the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, pass-through rate (the “Uncertificated REMIC I Pass-Through Rate, the ”) and initial Uncertificated Principal Balance and, for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”). The “latest possible maturity date” (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Latest Possible Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Rate(1) Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA LT1 Variable(2) $ 395,429,412.86 September 25, 2035 A 491,928,978.58 LT2 Variable(2) $ 2,836,590.00 September 25, 2035 M-1 24,600.14 LT3 0.00%(3) $ 24,600.14 LT4 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) 24,600.14 Class A-R† 0.00% $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________100.00 † The Class A-R Certificates are entitled to receive the applicable Residual Distribution Amount.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (BellaVista Funding CORP), Pooling and Servicing Agreement (BellaVista Mortgage Trust 2004-2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, any Prepayment Charge Waiver Amounts and, for the Pre-Funding avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Swap Account, the Swap Collateral Account and any rights or obligations in respect of the Interest Coverage AccountSwap Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA I-11-B Variable(2) $ 395,429,412.86 September 25, 2035 2,951,620.42 March 2037 I-14-B Variable(2) $ 2,745,707.87 March 2037 I-18-B Variable(2) $ 2,493,279.36 March 2037 I-25-B Variable(2) $ 2,105,961.84 March 2037 I-27-B Variable(2) $ 2,006,761.68 March 2037 I-28-B Variable(2) $ 1,958,923.23 March 2037 I-29-B Variable(2) $ 1,912,222.10 March 2037 I-33-B Variable(2) $ 1,736,260.34 March 2037 I-38-B Variable(2) $ 1,538,841.23 March 2037 I-39-B Variable(2) $ 1,502,129.26 March 2037 I-41-B Variable(2) $ 1,431,304.11 March 2037 I-42-B Variable(2) $ 1,397,149.97 March 2037 I-43-B Variable(2) $ 1,363,808.26 March 2037 I-44-A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 1,331,259.71 March 2037 I-44-B Variable(2) $ 427,710.00 September 25, 2035 M-2 1,331,259.71 March 2037 I-45-A Variable(2) $ 74,650.00 September 25, 2035 M-3 54,126,495.37 March 2037 I-45-B Variable(2) $ 121,050.00 September 25, 2035 M-4 54,126,495.37 March 2037 II-1-A Variable(2) $ 90,790.00 September 25, 2035 M-5 397,346.42 March 2037 II-1-B Variable(2) $ 64,560.00 September 25, 2035 B-1 397,346.42 March 2037 II-2-A Variable(2) $ 88,770.00 September 25, 2035 B-2 387,888.36 March 2037 II-2-B Variable(2) $ 60,520.00 September 25, 2035 B-3 387,888.36 March 2037 II-3-B Variable(2) $ 66,580.00 September 25, 2035 B-4 378,654.98 March 2037 II-4-A Variable(2) $ 199,730.00 September 25, 2035 ZZ 369,640.92 March 2037 II-4-B Variable(2) $ 4,039,038.02 September 25, 2035 369,640.92 March 2037 II-5-B Variable(2) $ 360,841.00 March 2037 II-6-B Variable(2) $ 352,250.14 March 2037 II-7-A Variable(2) $ 343,863.36 March 2037 II-7-B Variable(2) $ 343,863.36 March 2037 II-8-B Variable(2) $ 335,675.83 March 2037 II-9-A Variable(2) $ 327,682.82 March 2037 II-9-B Variable(2) $ 327,682.82 March 2037 II-10-B Variable(2) $ 319,879.72 March 2037 II-11-A Variable(2) $ 312,262.02 March 2037 II-11-B Variable(2) $ 312,262.02 March 2037 II-12-A Variable(2) $ 304,825.31 March 2037 II-12-B Variable(2) $ 304,825.31 March 2037 II-13-A Variable(2) $ 297,565.31 March 2037 II-13-B Variable(2) $ 297,565.31 March 2037 II-14-A Variable(2) $ 290,477.83 March 2037 II-14-B Variable(2) $ 290,477.83 March 2037 II-15-A Variable(2) $ 283,558.75 March 2037 II-15-B Variable(2) $ 283,558.75 March 2037 II-16-B Variable(2) $ 276,804.10 March 2037 II-17-B Variable(2) $ 270,209.97 March 2037 II-18-A Variable(2) $ 263,772.55 March 2037 II-18-B Variable(2) $ 263,772.55 March 2037 II-19-A Variable(2) $ 257,488.12 March 2037 II-19-B Variable(2) $ 257,488.12 March 2037 II-20-A Variable(2) $ 251,353.04 March 2037 II-20-B Variable(2) $ 251,353.04 March 2037 II-21-A Variable(2) $ 245,363.79 March 2037 II-21-B Variable(2) $ 245,363.79 March 2037 II-22-A Variable(2) $ 239,516.88 March 2037 II-22-B Variable(2) $ 239,516.88 March 2037 II-23-A Variable(2) $ 233,808.95 March 2037 II-23-B Variable(2) $ 233,808.95 March 2037 II-24-A Variable(2) $ 228,236.70 March 2037 II-24-B Variable(2) $ 228,236.70 March 2037 II-25-A Variable(2) $ 222,796.90 March 2037 II-25-B Variable(2) $ 222,796.90 March 2037 II-26-A Variable(2) $ 217,486.42 March 2037 II-26-B Variable(2) $ 217,486.42 March 2037 II-27-A Variable(2) $ 212,302.18 March 2037 II-27-B Variable(2) $ 212,302.18 March 2037 II-28-A Variable(2) $ 207,241.19 March 2037 II-28-B Variable(2) $ 207,241.19 March 2037 II-29-A Variable(2) $ 202,300.51 March 2037 II-29-B Variable(2) $ 202,300.51 March 2037 II-30-A Variable(2) $ 197,477.31 March 2037 II-30-B Variable(2) $ 197,477.31 March 2037 II-32-B Variable(2) $ 188,172.20 March 2037 II-33-A Variable(2) $ 183,684.92 March 2037 II-33-B Variable(2) $ 183,684.92 March 2037 II-34-A Variable(2) $ 179,304.34 March 2037 II-34-B Variable(2) $ 179,304.34 March 2037 II-35-A Variable(2) $ 175,027.93 March 2037 II-35-B Variable(2) $ 175,027.93 March 2037 II-36-A Variable(2) $ 170,853.22 March 2037 II-36-B Variable(2) $ 170,853.22 March 2037 II-37-A Variable(2) $ 166,777.78 March 2037 II-37-B Variable(2) $ 166,777.78 March 2037 II-38-A Variable(2) $ 162,799.28 March 2037 II-38-B Variable(2) $ 162,799.28 March 2037 II-39-A Variable(2) $ 158,915.39 March 2037 II-39-B Variable(2) $ 158,915.39 March 2037 II-40-A Variable(2) $ 155,123.88 March 2037 II-40-B Variable(2) $ 155,123.88 March 2037 II-41-A Variable(2) $ 151,422.56 March 2037 II-41-B Variable(2) $ 151,422.56 March 2037 II-42-A Variable(2) $ 147,809.27 March 2037 II-42-B Variable(2) $ 147,809.27 March 2037 II-43-A Variable(2) $ 144,281.94 March 2037 II-43-B Variable(2) $ 144,281.94 March 2037 II-44-A Variable(2) $ 140,838.52 March 2037 II-44-B Variable(2) $ 140,838.52 March 2037 II-45-A Variable(2) $ 5,726,227.05 March 2037 II-45-B Variable(2) $ 5,726,227.05 March 2037 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Sl1), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Sl1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, any Prepayment Charge Waiver Amounts and, for the Pre-Funding avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Swap Account, the Swap Collateral Account and any rights or obligations in respect of the Interest Coverage AccountSwap Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA I-24-B Variable(2) $ 395,429,412.86 September 25, 2035 2,074,317.42 February 2037 I-29-B Variable(2) $ 1,731,801.16 February 2037 I-34-B Variable(2) $ 1,445,766.34 February 2037 I-38-B Variable(2) $ 1,251,298.64 February 2037 I-41-B Variable(2) $ 1,122,787.71 February 2037 I-42-B Variable(2) $ 1,082,948.55 February 2037 I-43-B Variable(2) $ 1,044,520.47 February 2037 I-44-B Variable(2) $ 1,007,453.54 February 2037 I-45-B Variable(2) $ 27,306,553.04 February 2037 II-1-B Variable(2) $ 524,999.84 February 2037 II-3-B Variable(2) $ 488,479.69 February 2037 II-4-B Variable(2) $ 471,182.49 February 2037 II-5-B Variable(2) $ 454,497.07 February 2037 II-6-B Variable(2) $ 438,401.79 February 2037 II-7-A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 422,875.81 February 2037 II-7-B Variable(2) $ 427,710.00 September 25, 2035 M-2 422,875.81 February 2037 II-10-B Variable(2) $ 74,650.00 September 25, 2035 M-3 379,515.98 February 2037 II-11-A Variable(2) $ 121,050.00 September 25, 2035 M-4 366,072.97 February 2037 II-11-B Variable(2) $ 90,790.00 September 25, 2035 M-5 366,072.97 February 2037 II-12-A Variable(2) $ 64,560.00 September 25, 2035 B-1 353,105.52 February 2037 II-12-B Variable(2) $ 88,770.00 September 25, 2035 B-2 353,105.52 February 2037 II-13-A Variable(2) $ 60,520.00 September 25, 2035 B-3 340,596.82 February 2037 II-13-B Variable(2) $ 66,580.00 September 25, 2035 B-4 340,596.82 February 2037 II-14-B Variable(2) $ 199,730.00 September 25, 2035 ZZ 328,530.67 February 2037 II-15-A Variable(2) $ 4,039,038.02 September 25, 2035 316,891.40 February 2037 II-15-B Variable(2) $ 316,891.40 February 2037 II-16-B Variable(2) $ 305,663.95 February 2037 II-18-A Variable(2) $ 284,386.75 February 2037 II-18-B Variable(2) $ 284,386.75 February 2037 II-19-A Variable(2) $ 274,309.42 February 2037 II-19-B Variable(2) $ 274,309.42 February 2037 II-20-B Variable(2) $ 264,588.68 February 2037 II-21-A Variable(2) $ 255,211.94 February 2037 II-21-B Variable(2) $ 255,211.94 February 2037 II-22-B Variable(2) $ 246,167.02 February 2037 II-23-A Variable(2) $ 237,442.20 February 2037 II-23-B Variable(2) $ 237,442.20 February 2037 II-24-A Variable(2) $ 229,026.16 February 2037 II-24-B Variable(2) $ 229,026.16 February 2037 II-25-B Variable(2) $ 220,907.98 February 2037 II-26-A Variable(2) $ 213,077.14 February 2037 II-26-B Variable(2) $ 213,077.14 February 2037 II-27-A Variable(2) $ 205,523.48 February 2037 II-27-B Variable(2) $ 205,523.48 February 2037 II-28-A Variable(2) $ 198,237.18 February 2037 II-28-B Variable(2) $ 198,237.18 February 2037 II-29-A Variable(2) $ 191,208.81 February 2037 II-29-B Variable(2) $ 191,208.81 February 2037 II-30-A Variable(2) $ 184,429.24 February 2037 II-30-B Variable(2) $ 184,429.24 February 2037 II-32-B Variable(2) $ 171,581.62 February 2037 II-33-A Variable(2) $ 165,496.89 February 2037 II-33-B Variable(2) $ 165,496.89 February 2037 II-34-A Variable(2) $ 159,627.60 February 2037 II-34-B Variable(2) $ 159,627.60 February 2037 II-35-B Variable(2) $ 153,966.12 February 2037 II-36-B Variable(2) $ 148,505.10 February 2037 II-37-B Variable(2) $ 143,237.46 February 2037 II-38-A Variable(2) $ 138,156.35 February 2037 II-38-B Variable(2) $ 138,156.35 February 2037 II-39-A Variable(2) $ 133,255.18 February 2037 II-39-B Variable(2) $ 133,255.18 February 2037 II-40-A Variable(2) $ 128,527.58 February 2037 II-40-B Variable(2) $ 128,527.58 February 2037 II-41-A Variable(2) $ 123,967.41 February 2037 II-41-B Variable(2) $ 123,967.41 February 2037 II-42-A Variable(2) $ 119,568.75 February 2037 II-42-B Variable(2) $ 119,568.75 February 2037 II-43-A Variable(2) $ 115,325.89 February 2037 II-43-B Variable(2) $ 115,325.89 February 2037 II-44-A Variable(2) $ 111,233.32 February 2037 II-44-B Variable(2) $ 111,233.32 February 2037 II-45-A Variable(2) $ 3,014,926.67 February 2037 II-45-B Variable(2) $ 3,014,926.67 February 2037 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Sl2), Custodial Agreement (Bear Stearns Mortgage Funding Trust 2007-Sl2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of any Premium, the Supplemental Interest Trust Account, the Swap Agreement, the SB-AM Swap Agreement, the Yield Maintenance Agreement and the Corridor Agreements) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE I-1-A Variable(1) AA Variable(2$5,063,438.015 January 2037 I-2-A Variable(1) $5,461,321.125 January 2037 I-3-A Variable(1) $6,341,167.380 January 2037 I-4-A Variable(1) $6,733,438.720 January 2037 I-5-A Variable(1) $6,352,366.055 January 2037 I-6-A Variable(1) $5,779,893.775 January 2037 I-7-A Variable(1) $5,314,448.385 January 2037 I-8-A Variable(1) $4,901,330.220 January 2037 I-9-A Variable(1) $4,570,975.205 January 2037 I-10-A Variable(1) $4,309,653.115 January 2037 I-11-A Variable(1) $4,031,713.360 January 2037 I-12-A Variable(1) $3,798,356.775 January 2037 I-13-A Variable(1) $3,606,300.030 January 2037 I-14-A Variable(1) $4,171,766.385 January 2037 I-15-A Variable(1) $7,364,937.570 January 2037 I-16-A Variable(1) $10,471,354.695 January 2037 I-17-A Variable(1) $8,477,731.365 January 2037 I-18-A Variable(1) $6,353,782.155 January 2037 I-19-A Variable(1) $4,985,206.680 January 2037 I-20-A Variable(1) $4,128,735.135 January 2037 I-21-A Variable(1) $3,480,908.990 January 2037 I-22-A Variable(1) $3,276,277.800 January 2037 I-23-A Variable(1) $3,077,772.845 January 2037 I-24-A Variable(1) $2,803,983.020 January 2037 I-25-A Variable(1) $2,618,241.775 January 2037 I-26-A Variable(1) $2,578,953.290 January 2037 I-27-A Variable(1) $3,218,670.410 January 2037 I-28-A Variable(1) $3,938,171.235 January 2037 I-29-A Variable(1) $3,328,832.480 January 2037 I-30-A Variable(1) $2,204,187.185 January 2037 I-31-A Variable(1) $1,473,668.420 January 2037 I-32-A Variable(1) $1,857,219.985 January 2037 I-33-A Variable(1) $1,742,556.970 January 2037 I-34-A Variable(1) $1,595,026.450 January 2037 I-35-A Variable(1) $1,466,163.880 January 2037 I-36-A Variable(1) $1,365,779.185 January 2037 I-37-A Variable(1) $1,291,217.525 January 2037 I-38-A Variable(1) $1,243,200.275 January 2037 I-39-A Variable(1) $1,193,371.310 January 2037 I-40-A Variable(1) $1,134,629.925 January 2037 I-41-A Variable(1) $1,068,780.425 January 2037 I-42-A Variable(1) $994,842.585 January 2037 I-43-A Variable(1) $942,993.380 January 2037 I-44-A Variable(1) $880,341.210 January 2037 I-45-A Variable(1) $828,529.525 January 2037 I-46-A Variable(1) $20,367,333.245 January 2037 I-1-B Variable(1) $5,063,438.015 January 2037 I-2-B Variable(1) $5,461,321.125 January 2037 I-3-B Variable(1) $6,341,167.380 January 2037 I-4-B Variable(1) $6,733,438.720 January 2037 I-5-B Variable(1) $6,352,366.055 January 2037 I-6-B Variable(1) $5,779,893.775 January 2037 I-7-B Variable(1) $5,314,448.385 January 2037 I-8-B Variable(1) $4,901,330.220 January 2037 I-9-B Variable(1) $4,570,975.205 January 2037 I-10-B Variable(1) $4,309,653.115 January 2037 I-11-B Variable(1) $4,031,713.360 January 2037 I-12-B Variable(1) $3,798,356.775 January 2037 I-13-B Variable(1) $3,606,300.030 January 2037 I-14-B Variable(1) $4,171,766.385 January 2037 I-15-B Variable(1) $7,364,937.570 January 2037 I-16-B Variable(1) $10,471,354.695 January 2037 I-17-B Variable(1) $8,477,731.365 January 2037 I-18-B Variable(1) $6,353,782.155 January 2037 I-19-B Variable(1) $4,985,206.680 January 2037 I-20-B Variable(1) $4,128,735.135 January 2037 I-21-B Variable(1) $3,480,908.990 January 2037 I-22-B Variable(1) $3,276,277.800 January 2037 I-23-B Variable(1) $3,077,772.845 January 2037 I-24-B Variable(1) $2,803,983.020 January 2037 I-25-B Variable(1) $2,618,241.775 January 2037 I-26-B Variable(1) $2,578,953.290 January 2037 I-27-B Variable(1) $3,218,670.410 January 2037 I-28-B Variable(1) $3,938,171.235 January 2037 I-29-B Variable(1) $3,328,832.480 January 2037 I-30-B Variable(1) $2,204,187.185 January 2037 I-31-B Variable(1) $1,473,668.420 January 2037 I-32-B Variable(1) $1,857,219.985 January 2037 I-33-B Variable(1) $1,742,556.970 January 2037 I-34-B Variable(1) $1,595,026.450 January 2037 I-35-B Variable(1) $1,466,163.880 January 2037 I-36-B Variable(1) $1,365,779.185 January 2037 I-37-B Variable(1) $1,291,217.525 January 2037 I-38-B Variable(1) $1,243,200.275 January 2037 I-39-B Variable(1) $1,193,371.310 January 2037 I-40-B Variable(1) $1,134,629.925 January 2037 I-41-B Variable(1) $1,068,780.425 January 2037 I-42-B Variable(1) $994,842.585 January 2037 I-43-B Variable(1) $942,993.380 January 2037 I-44-B Variable(1) $880,341.210 January 2037 I-45-B Variable(1) $828,529.525 January 2037 I-46-B Variable(1) $20,367,333.245 January 2037 A-I Variable(1) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 58,649,220.890 January 2037 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (RASC Series 2007-Ks1 Trust), Pooling and Servicing Agreement (RASC Series 2007-Ks1 Trust)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Servicer Prepayment Charge Payment Amount, the Net WAC Rate Carryover Reserve Account and the Cap Contract) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I.” The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA I-LTAA Variable(2) $ 395,429,412.86 September 969,436,845.77 July 25, 2035 A X-XXX0X Variable(2) $ 2,836,590.00 September 947,400.00 July 25, 2035 M-1 I-LTA2 Variable(2) $ 427,710.00 September 2,480,690.00 July 25, 2035 M-2 I-LTA3 Variable(2) $ 74,650.00 September 438,450.00 July 25, 2035 M-3 I-LTA4 Variable(2) $ 121,050.00 September 1,132,400.00 July 25, 2035 M-4 I-LTA5 Variable(2) $ 90,790.00 September 200,000.00 July 25, 2035 M-5 I-LTA5W Variable(2) $ 64,560.00 September 719,250.00 July 25, 2035 B-1 I-LTA6 Variable(2) $ 88,770.00 September 883,860.00 July 25, 2035 B-2 I-LTM1 Variable(2) $ 60,520.00 September 242,360.00 July 25, 2035 B-3 I-LTM2 Variable(2) $ 66,580.00 September 237,410.00 July 25, 2035 B-4 I-LTM3 Variable(2) $ 199,730.00 September 67,000.00 July 25, 2035 ZZ I-LTM4 Variable(2) $ 4,039,038.02 September 74,190.00 July 25, 2035 I-LTM5 Variable(2) $ 59,350.00 July 25, 2035 I-LTM6 Variable(2) $ 48,750.00 July 25, 2035 I-LTM7 Variable(2) $ 49,460.00 July 25, 2035 I-LTM8 Variable(2) $ 37,590.00 July 25, 2035 I-LTM9 Variable(2) $ 49,460.00 July 25, 2035 I-LTB1 Variable(2) $ 54,400.00 July 25, 2035 I-LTB2 Variable(2) $ 54,410.00 July 25, 2035 I-LTZZ Variable(2) $ 9,971,355.42 July 25, 2000 X-XXX Variable(2) $ 100.00 July 25, 2035 ______________________________________
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 2005-A), Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 2005-A)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE I-1-A Variable(1) $ 395,429,412.86 September 25, 2035 2,988,391.23 July 2036 I-2-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(23,948,712.65 July 2036 I-3-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(24,909,679.78 July 2036 I-4-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(25,863,829.49 July 2036 I-5-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(26,803,977.36 July 2036 I-6-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(27,721,057.41 July 2036 I-7-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(28,585,403.70 July 2036 I-8-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(29,378,934.35 July 2036 I-9-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(29,870,775.35 July 2036 I-10-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(210,272,442.34 July 2036 I-11-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(29,900,355.42 July 2036 I-12-A Variable(1) $ 4,039,038.02 September 25, 2035 9,542,018.99 July 2036 I-13-A Variable(1) $ 9,200,258.34 July 2036 I-14-A Variable(1) $ 8,867,317.87 July 2036 I-15-A Variable(1) $ 8,546,630.40 July 2036 I-16-A Variable(1) $ 8,239,617.57 July 2036 I-17-A Variable(1) $ 7,973,711.75 July 2036 I-18-A Variable(1) $ 7,681,233.87 July 2036 I-19-A Variable(1) $ 7,426,794.22 July 2036 I-20-A Variable(1) $ 7,503,675.55 July 2036 I-21-A Variable(1) $ 11,943,367.68 July 2036 I-22-A Variable(1) $ 11,076,996.02 July 2036 I-23-A Variable(1) $ 10,274,489.13 July 2036 I-24-A Variable(1) $ 9,541,175.76 July 2036 I-25-A Variable(1) $ 8,693,721.57 July 2036 I-26-A Variable(1) $ 5,616,582.40 July 2036 I-27-A Variable(1) $ 5,382,125.47 July 2036 I-28-A Variable(1) $ 5,157,761.88 July 2036 I-29-A Variable(1) $ 4,943,204.90 July 2036 I-30-A Variable(1) $ 4,737,927.50 July 2036 I-31-A Variable(1) $ 4,541,525.90 July 2036 I-32-A Variable(1) $ 4,353,600.36 July 2036 I-33-A Variable(1) $ 4,173,774.15 July 2036 I-34-A Variable(1) $ 4,001,641.79 July 2036 I-35-A Variable(1) $ 3,835,780.99 July 2036 I-36-A Variable(1) $ 3,678,268.64 July 2036 I-37-A Variable(1) $ 3,527,504.73 July 2036 I-38-A Variable(1) $ 3,383,190.53 July 2036 I-39-A Variable(1) $ 3,245,041.16 July 2036 I-40-A Variable(1) $ 3,112,779.20 July 2036 I-41-A Variable(1) $ 2,986,156.11 July 2036 I-42-A Variable(1) $ 2,864,917.98 July 2036 I-43-A Variable(1) $ 2,748,827.95 July 2036 I-44-A Variable(1) $ 2,637,659.84 July 2036 I-45-A Variable(1) $ 2,531,197.62 July 2036 I-46-A Variable(1) $ 2,429,234.99 July 2036 I-47-A Variable(1) $ 2,331,574.92 July 2036 I-48-A Variable(1) $ 2,238,029.22 July 2036 I-49-A Variable(1) $ 2,148,418.15 July 2036 I-50-A Variable(1) $ 2,062,570.01 July 2036 I-51-A Variable(1) $ 1,980,320.81 July 2036 I-52-A Variable(1) $ 1,901,513.89 July 2036 I-53-A Variable(1) $ 1,825,999.59 July 2036 I-54-A Variable(1) $ 1,753,634.95 July 2036 I-55-A Variable(1) $ 1,684,279.49 July 2036 I-56-A Variable(1) $ 1,617,810.84 July 2036 I-57-A Variable(1) $ 1,554,069.13 July 2036 I-58-A Variable(1) $ 1,493,212.81 July 2036 I-59-A Variable(1) $ 1,436,350.93 July 2036 I-60-A Variable(1) $ 1,380,074.60 July 2036 I-61-A Variable(1) $ 35,912,598.98 July 2036 I-1-B Variable(1) $ 2,988,391.23 July 2036 I-2-B Variable(1) $ 3,948,712.65 July 2036 I-3-B Variable(1) $ 4,909,679.78 July 2036 I-4-B Variable(1) $ 5,863,829.49 July 2036 I-5-B Variable(1) $ 6,803,977.36 July 2036 I-6-B Variable(1) $ 7,721,057.41 July 2036 I-7-B Variable(1) $ 8,585,403.70 July 2036 I-8-B Variable(1) $ 9,378,934.35 July 2036 I-9-B Variable(1) $ 9,870,775.35 July 2036 I-10-B Variable(1) $ 10,272,442.34 July 2036 I-11-B Variable(1) $ 9,900,355.42 July 2036 I-12-B Variable(1) $ 9,542,018.99 July 2036 I-13-B Variable(1) $ 9,200,258.34 July 2036 I-14-B Variable(1) $ 8,867,317.87 July 2036 I-15-B Variable(1) $ 8,546,630.40 July 2036 I-16-B Variable(1) $ 8,239,617.57 July 2036 I-17-B Variable(1) $ 7,973,711.75 July 2036 I-18-B Variable(1) $ 7,681,233.87 July 2036 I-19-B Variable(1) $ 7,426,794.22 July 2036 I-20-B Variable(1) $ 7,503,675.55 July 2036 I-21-B Variable(1) $ 11,943,367.68 July 2036 I-22-B Variable(1) $ 11,076,996.02 July 2036 I-23-B Variable(1) $ 10,274,489.13 July 2036 I-24-B Variable(1) $ 9,541,175.76 July 2036 I-25-B Variable(1) $ 8,693,721.57 July 2036 I-26-B Variable(1) $ 5,616,582.40 July 2036 I-27-B Variable(1) $ 5,382,125.47 July 2036 I-28-B Variable(1) $ 5,157,761.88 July 2036 I-29-B Variable(1) $ 4,943,204.90 July 2036 I-30-B Variable(1) $ 4,737,927.50 July 2036 I-31-B Variable(1) $ 4,541,525.90 July 2036 I-32-B Variable(1) $ 4,353,600.36 July 2036 I-33-B Variable(1) $ 4,173,774.15 July 2036 I-34-B Variable(1) $ 4,001,641.79 July 2036 I-35-B Variable(1) $ 3,835,780.99 July 2036 I-36-B Variable(1) $ 3,678,268.64 July 2036 I-37-B Variable(1) $ 3,527,504.73 July 2036 I-38-B Variable(1) $ 3,383,190.53 July 2036 I-39-B Variable(1) $ 3,245,041.16 July 2036 I-40-B Variable(1) $ 3,112,779.20 July 2036 I-41-B Variable(1) $ 2,986,156.11 July 2036 I-42-B Variable(1) $ 2,864,917.98 July 2036 I-43-B Variable(1) $ 2,748,827.95 July 2036 I-44-B Variable(1) $ 2,637,659.84 July 2036 I-45-B Variable(1) $ 2,531,197.62 July 2036 I-46-B Variable(1) $ 2,429,234.99 July 2036 I-47-B Variable(1) $ 2,331,574.92 July 2036 I-48-B Variable(1) $ 2,238,029.22 July 2036 I-49-B Variable(1) $ 2,148,418.15 July 2036 I-50-B Variable(1) $ 2,062,570.01 July 2036 I-51-B Variable(1) $ 1,980,320.81 July 2036 I-52-B Variable(1) $ 1,901,513.89 July 2036 I-53-B Variable(1) $ 1,825,999.59 July 2036 I-54-B Variable(1) $ 1,753,634.95 July 2036 I-55-B Variable(1) $ 1,684,279.49 July 2036 I-56-B Variable(1) $ 1,617,810.84 July 2036 I-57-B Variable(1) $ 1,554,069.13 July 2036 I-58-B Variable(1) $ 1,493,212.81 July 2036 I-59-B Variable(1) $ 1,436,350.93 July 2036 I-60-B Variable(1) $ 1,380,074.60 July 2036 I-61-B Variable(1) $ 35,912,598.98 July 2036 A-I Variable(1) $ 4,072,640.19 July 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (RASC Series 2006-Ks5 Trust), Pooling and Servicing Agreement (RASC Series 2006-Ks5 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in seventeen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement, the Supplemental Interest Trust Account and the Swap Agreements) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the Distribution Date immediately succeeding the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE ----------- ---------------------- ------------------------------ ------------------ AA Variable(1) AA Variable(2) $ 395,429,412.86 September $473,200,820 February 25, 2035 A Variable(22037 A-1 Variable(1) $ 2,836,590.00 September $1,602,790 February 25, 2035 M-1 Variable(22037 A-2 Variable(1) $ 427,710.00 September $140,330 February 25, 2035 M-2 Variable(22037 A-3 Variable(1) $ 74,650.00 September $1,549,510 February 25, 2035 M-3 Variable(22037 A-4 Variable(1) $ 121,050.00 September $622,870 February 25, 2035 M-4 Variable(22037 A-5 Variable(1) $ 90,790.00 September $435,060 February 25, 2035 M-5 Variable(22037 M-1 Variable(1) $ 64,560.00 September $84,500 February 25, 2035 B-1 Variable(22037 M-2 Variable(1) $ 88,770.00 September $84,500 February 25, 2035 B-2 Variable(22037 M-3 Variable(1) $ 60,520.00 September $48,290 February 25, 2035 B-3 Variable(22037 M-4 Variable(1) $ 66,580.00 September $41,040 February 25, 2035 B-4 Variable(22037 M-5 Variable(1) $ 199,730.00 September $38,630 February 25, 2035 ZZ Variable(22037 M-6 Variable(1) $ 4,039,038.02 September $33,800 February 25, 2035 ______________________________________2037 M-7 Variable(1) $29,870 February 25, 2037 M-8 Variable(1) $24,140 February 25, 2037 M-9 Variable(1) $24,140 February 25, 2037 M-10 Variable(1) $24,140 February 25, 2037 ZZ Variable(1) $4,874,468 February 25, 2037 --------------------------------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2007-Rs1 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fourteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in a trust fund (the "Trust Fund. On or prior to any Subsequent Transfer Date, ") consisting primarily of the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Latest Possible Pass-Through Rate Initial Principal Balance Maturity Date LTA Variable(1) $246,001,245 June 25, 2032 LTB1 Variable(1) $6,000,000 June 25, 2032 LTB2 Variable(1) $7,000.000 June 25, 2032 LTB3 Variable(1) $8,000.000 June 25, 2032 LTB4 Variable(1) $8,000,000 June 25, 2032 LTB5 Variable(1) $8,000,000 June 25, 2032 LTB6 Variable(1) $7,000,000 June 25, 2032 LTB7 Variable(1) $16,000,000 June 25, 2032 LTB8 Variable(1) $13,000,000 June 25, 2032 LTB9 Variable(1) $10,000,000 June 25, 2032 LTB10 Variable(1) $36,000,000 June 25, 2032 ------------ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests and certain other related assets subject to this Agreement as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC II Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC II (the "REMIC II Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC II Regular Interest shall be the Maturity Date. None of the REMIC II Regular Interests will be certificated. Designation Uncertificated REMIC II Initial Uncertificated Latest Pass-Through Rate Principal Balance Possible Maturity Date (1LT1 Variable(1) AA $ 364,941,041.70 June 25, 2032 LT2 Variable(1) $ 12,796.95 June 25, 2032 LT3 Variable(1) $ 23,703.18 June 25, 2032 LT4 Variable(1) $ 23,703.18 June 25, 2032 LTA-IO1 Variable(2) $ 395,429,412.86 September N/A(3) August 25, 2035 A 2002 LTA-IO2 Variable(2) $ 2,836,590.00 September N/A(3) November 25, 2035 M-1 2002 LTA-IO3 Variable(2) $ 427,710.00 September N/A(3) February 25, 2035 M-2 2003 LTA-IO4 Variable(2) $ 74,650.00 September N/A(3) May 25, 2035 M-3 2003 LTA-IO5 Variable(2) $ 121,050.00 September N/A(3) August 25, 2035 M-4 2003 LTA-IO6 Variable(2) $ 90,790.00 September N/A(3) November 25, 2035 M-5 2003 LTA-IO7 Variable(2) $ 64,560.00 September N/A(3) February 25, 2035 B-1 2004 LTA-IO8 Variable(2) $ 88,770.00 September N/A(3) May 25, 2035 B-2 2004 LTA-IO9 Variable(2) $ 60,520.00 September N/A(3) August 25, 2035 B-3 2004 LTA-IO10 Variable(2) $ 66,580.00 September N/A(3) November 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2004 ------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fourteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Hedge Agreements) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated ----------------------- REMIC I Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1LT1 Variable(1) AA Variable(2$279,949,637.05 December 25, 2034 LT2 Variable(1) $ 395,429,412.86 September 5,527.51 December 25, 2035 A Variable(22034 LT3 Variable(1) $ 2,836,590.00 September 22,472.50 December 25, 2035 M-1 Variable(22034 LT4 Variable(1) $ 427,710.00 September 22,472.50 December 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2034
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2004-Rz4 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated CLASS DESIGNATION FOR EACH REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1REGULAR INTEREST AND COMPONENT I INITIAL CLASS OF THE CLASS R TYPE OF CERTIFICATE PRINCIPAL FINAL MATURITY CERTIFICATES INTEREST INTEREST RATE BALANCE DATE* Class Y-1 Regular Variable(1) AA $19,804,588.70 July 2035 Class Y-2 Regular Variable(2) $ 395,429,412.86 September 25, $61,625,262.34 July 2035 A Class Y-3 Regular Variable(3) $158,452,948.96 July 2035 Class Y-4 Regular Variable(4) $58,012,127.93 July 2035 Class Y-5 Regular Variable(5) $87,982,558.53 July 2035 Class Z-1 Regular Variable(1) $19,804,588.70 July 2035 Class Z-2 Regular Variable(2) $ 2,836,590.00 September 25, $61,625,262.34 July 2035 M-1 Variable(2Class Z-3 Regular Variable(3) $ 427,710.00 September 25, $158,452,948.96 July 2035 M-2 Variable(2Class Z-4 Regular Variable(4) $ 74,650.00 September 25, $58,012,127.93 July 2035 M-3 Variable(2Class Z-5 Regular Variable(5) $ 121,050.00 September 25, $87,982,558.53 July 2035 M-4 Variable(2Component I of the Class R+ Residual Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________$100.00 July 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gmacm Mortgage Loan Trust 2005-Ar4)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eight classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in a trust fund (the "Trust Fund. On or prior to any Subsequent Transfer Date, ") consisting primarily of the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Latest Possible Pass-Through Rate Initial Principal Balance Maturity Date LTA Variable(1) $407,000,869 June 25, 2033 LTB1 Variable(1) $11,000,000 July 25, 2003 LTB2 Variable(1) $11,000,000 August 25, 2003 LTB3 Variable(1) $10,000,000 September 25, 2003 LTB4 Variable(1) $9,000,000 October 25, 2003 LTB5 Variable(1) $8,000,000 November 25, 2003 LTB6 Variable(1) $9,000,000 December 25, 2003 LTB7 Variable(1) $7,000,000 January 25, 2004 LTB8 Variable(1) $8,000,000 February 25, 2004 LTB9 Variable(1) $7,000,000 March 25, 2004 LTB10 Variable(1) $6,000,000 April 25, 2004 LTB11 Variable(1) $6,000,000 May 25, 2004 LTB12 Variable(1) $6,000,000 June 25, 2004 LTB13 Variable(1) $5,000,000 July 25, 2004 LTB14 Variable(1) $5,000,000 August 25, 2004 LTB15 Variable(1) $5,000,000 September 25, 2004 LTB16 Variable(1) $5,000,000 October 25, 2004 LTB17 Variable(1) $4,000,000 November 25, 2004 LTB18 Variable(1) $4,000,000 December 25, 2004 LTB19 Variable(1) $4,000,000 January 25, 2005 LTB20 Variable(1) $4,000,000 February 25, 2005 LTB21 Variable(1) $3,000,000 March 25, 2005 LTB22 Variable(1) $3,000,000 April 25, 2005 LTB23 Variable(1) $3,000,000 May 25, 2005 LTB24 Variable(1) $3,000,000 June 25, 2005 LTB25 Variable(1) $3,000,000 July 25, 2005 LTB26 Variable(1) $2,000,000 August 25, 2005 LTB27 Variable(1) $3,000,000 September 25, 2005 LTB28 Variable(1) $2,000,000 October 25, 2005 LTB29 Variable(1) $2,000,000 November 25, 2005 LTB30 Variable(1) $35,000,000 December 25, 2005 ------------ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests and certain other related assets subject to this Agreement as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC II Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC II (the "REMIC II Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC II Regular Interest shall be the Maturity Date. None of the REMIC II Regular Interests will be certificated. Designation Uncertificated REMIC II Initial Uncertificated Latest Possible Pass-Through Rate Principal Balance Maturity Date (1LT1 Variable(1) AA $599,896,569.55 June 25, 2033 LT2 Variable(1) $15,700.73 June 25, 2033 LT3 Variable(1) $44,299.36 June 25, 2033 LT4 Variable(1) $44,299.36 June 25, 2033 LTA-IO1 Variable(2) $ 395,429,412.86 N/A(3) July 25, 2003 LTA-IO2 Variable(2) N/A(3) August 25, 2003 LTA-IO3 Variable(2) N/A(3) September 25, 2035 A 2003 LTA-IO4 Variable(2) $ 2,836,590.00 N/A(3) October 25, 2003 LTA-IO5 Variable(2) N/A(3) November 25, 2003 LTA-IO6 Variable(2) N/A(3) December 25, 2003 LTA-IO7 Variable(2) N/A(3) January 25, 2004 LTA-IO8 Variable(2) N/A(3) February 25, 2004 LTA-IO9 Variable(2) N/A(3) March 25, 2004 LTA-IO10 Variable(2) N/A(3) April 25, 2004 LTA-IO11 Variable(2) N/A(3) May 25, 2004 LTA-IO12 Variable(2) N/A(3) June 25, 2004 LTA-IO13 Variable(2) N/A(3) July 25, 2004 LTA-IO14 Variable(2) N/A(3) August 25, 2004 LTA-IO15 Variable(2) N/A(3) September 25, 2035 M-1 2004 LTA-IO16 Variable(2) $ 427,710.00 N/A(3) October 25, 2004 LTA-IO17 Variable(2) N/A(3) November 25, 2004 LTA-IO18 Variable(2) N/A(3) December 25, 2004 LTA-IO19 Variable(2) N/A(3) January 25, 2005 LTA-IO20 Variable(2) N/A(3) February 25, 2005 LTA-IO21 Variable(2) N/A(3) March 25, 2005 LTA-IO22 Variable(2) N/A(3) April 25, 2005 LTA-IO23 Variable(2) N/A(3) May 25, 2005 LTA-IO24 Variable(2) N/A(3) June 25, 2005 LTA-IO25 Variable(2) N/A(3) July 25, 2005 LTA-IO26 Variable(2) N/A(3) August 25, 2005 LTA-IO27 Variable(2) N/A(3) September 25, 2035 M-2 2005 LTA-IO28 Variable(2) $ 74,650.00 September N/A(3) October 25, 2035 M-3 2005 LTA-IO29 Variable(2) $ 121,050.00 September N/A(3) November 25, 2035 M-4 2005 LTA-IO30 Variable(2) $ 90,790.00 September N/A(3) December 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2005
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in thirteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the Distribution Date immediately succeeding the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I Pass----------------------------------- INITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE AA Variable(1) AA Variable(2) $ 395,429,412.86 September $392,183,773.39 May 25, 2035 A Variable(22037 A-1 Variable(1) $ 2,836,590.00 September $1,684,290 May 25, 2035 M-1 Variable(22037 A-2 Variable(1) $ 427,710.00 September $1,101,220 May 25, 2035 M-2 Variable(22037 A-3 Variable(1) $ 74,650.00 September $496,020 May 25, 2035 M-3 Variable(22037 M-1 Variable(1) $ 121,050.00 September $114,060 May 25, 2035 M-4 Variable(22037 M-2 Variable(1) $ 90,790.00 September $132,060 May 25, 2035 M-5 Variable(22037 M-3 Variable(1) $ 64,560.00 September $60,030 May 25, 2035 B-1 Variable(22037 M-4 Variable(1) $ 88,770.00 September $44,020 May 25, 2035 B-2 Variable(22037 M-5 Variable(1) $ 60,520.00 September $56,020 May 25, 2035 B-3 Variable(22037 M-6 Variable(1) $ 66,580.00 September $40,020 May 25, 2035 B-4 Variable(22037 M-7 Variable(1) $ 199,730.00 September $40,020 May 25, 2035 2037 ZZ Variable(2Variable(1) $ 4,039,038.02 September $4,235,990.48 May 25, 2035 2037 _______________________________________ (1) Calculated in accordance with the definition of "Uncertificated REMIC I Pass-Through Rate" herein. REMIC II As provided herein, the REMIC Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II". The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC II Regular Interests shall be the Distribution Date immediately succeeding the 360th Distribution Date. AGGREGATE INITIAL CERTIFICATE PRINCIPAL FINAL SCHEDULED DESIGNATION TYPE PASS-THROUGH RATE BALANCE DISTRIBUTION DATE INITIAL RATINGS MOODY'S S&P Class A-1(1) Senior Adjustable(2) (3) $168,429,000 July 25, 2029 Aaa AAA Class A-2(1) Senior Adjustable(2) (3) $110,122,000 August 25, 2035 Aaa AAA Class A-3(1) Senior Adjustable(2) (3) $49,602,000 May 25, 2037 Aaa AAA Class M-1(1) Mezzanine Adjustable(2) (3) $11,406,000 May 25, 2037 Aa1 AA+ Class M-2(1) Mezzanine Adjustable(2) (3) $13,206,000 May 25, 2037 Aa2 AA Class M-3(1) Mezzanine Adjustable(2) (3) $6,003,000 May 25, 2037 Aa3 AA- Class M-4(1) Mezzanine Adjustable(2) (3) $4,402,000 May 25, 2037 A1 A+ Class M-5(1) Mezzanine Adjustable(2) (3) $5,602,000 May 25, 2037 A2 A Class M-6(1) Mezzanine Adjustable(2) (3) $4,002,000 May 25, 2037 A3 A- Class M-7(1) Mezzanine Adjustable(2) (3) $4,002,000 May 25, 2037 Baa1 BBB+ Class SB Interest Subordinate Variable(4) $23,411,523.87 N/A N/R N/R Class R-I Residual N/A N/A N/A N/R N/R Class R-II Residual N/A N/A N/A N/R N/R
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2007-Rs2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eleven Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated CLASS DESIGNATION FOR EACH REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1REGULAR INTEREST AND COMPONENT I INITIAL CLASS OF THE CLASS R TYPE OF CERTIFICATE PRINCIPAL FINAL MATURITY CERTIFICATES INTEREST INTEREST RATE BALANCE DATE* Class Y-1 Regular Variable(1) AA $86,886.22 May 2035 Class Y-2 Regular Variable(2) $ 395,429,412.86 September 25, $45,889.17 May 2035 A Class Z-1 Regular Variable(1) $173,685,544.79 May 2035 Class Z-2 Regular Variable(2) $ 2,836,590.00 September 25, $91,735,784.76 May 2035 M-1 Variable(2Component I of the Class R+ Residual Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________100.00 May 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GMACM Mortgage Loan Trust 2005-Aa1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in ten classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in a trust fund (the "Trust Fund. On or prior to any Subsequent Transfer Date, ") consisting primarily of the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation UNCERTIFICATED REMIC I INITIAL UNCERTIFICATED LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE ----------- ----------------- ----------------- ------------- Y-1 Variable(1) $ 243,750.05 March 25, 2034 Y-2 Variable(1) $ 324,756,310.37 March 25, 2034 Z-1 Variable(1) $ 0.14 March 25, 2034 Z-2 Variable(1) $ 160,000,034.39 March 25, 2034 R-I 0% $ 0.00 March 25, 2034 ------------ (1) Calculated in accordance with the definition of "Uncertificated REMIC I Pass Through Rate" herein. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC II Pass-Through Rate Initial Rate") and initial Uncertificated Principal Balance Latest Possible for each of the "regular interests" in REMIC II (the "REMIC II Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC II Regular Interest shall be the Maturity Date (1Date. None of the REMIC II Regular Interests will be certificated. UNCERTIFICATED INITIAL REMIC I UNCERTIFICATED -------------------- REMIC I LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE(3) AA Variable(2LT1 Variable(1) $ 395,429,412.86 September 324,697,609.16 March 25, 2035 A Variable(22034 LT2 Variable(1) $ 2,836,590.00 September 6,298.79 March 25, 2035 M-1 Variable(22034 LT3 0.00% $ 26,201.21 March 25, 2034 LT4 Variable(1) $ 427,710.00 September 26,201.21 March 25, 2035 M-2 Variable(22034 LT5 Variable(1) $ 74,650.00 September 159,969,696.01 March 25, 2035 M-3 Variable(22034 LT6 Variable(1) $ 121,050.00 September 1,661.62 March 25, 2035 M-4 Variable(22034 LT7 0.00% $ 14,338.38 March 25, 2034 LT8 Variable(1) $ 90,790.00 September 14,338.38 March 25, 2035 M-5 Variable(22034 LT-Y1(2) Variable(1) $ 64,560.00 September 243,750.05 March 25, 2035 B-1 Variable(22034 LT-Y2(2) Variable(1) $ 88,770.00 September 0.14 March 25, 2035 B-2 Variable(2) 2034 R-II 0% $ 60,520.00 September 0.00 March 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2034 ------------
Appears in 1 contract
Samples: Custodial Agreement (Residential Asset Mort Prod Inc Ramp Series 2004 Rz1 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fourteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (exclusive of the Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass- Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE ----------- ----------------- ----------------- ------------- LT-A-1 Variable(1) $1,532.00 August 25, 2032 LT-A-2 Variable(1) $30,961,000.00 August 25, 2032 LT-A-3 Variable(1) $28,278,000.00 August 25, 2032 LT-A-4 Variable(1) $26,181,000.00 August 25, 2032 LT-A-5 Variable(1) $24,239,000.00 August 25, 2032 LT-A-6 Variable(1) $22,443,000.00 August 25, 2032 LT-A-7 Variable(1) $20,778,000.00 August 25, 2032 LT-A-8 Variable(1) $19,236,000.00 August 25, 2032 LT-A-9 Variable(1) $17,811,000.00 August 25, 2032 REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Group II Loans and certain other related assets subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I II Pass-Through Rate Initial Rate") and initial Uncertificated Principal Balance Latest Possible Maturity Date for the "regular interest" in REMIC II (the "REMIC II Regular Interest"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for the REMIC II Regular Interest shall be the 360th Distribution Date. The REMIC II Regular Interest will not be certificated. UNCERTIFICATED REMIC LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE II PRINCIPAL BALANCE MATURITY DATE ----------- ----------------- -------------------- ------------- LT-B Variable(1) $203,000,664.00 August 25, 2032 --------------- (1) Calculated as provided in the definition of Group II Net WAC Cap Rate. REMIC III As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests and the REMIC II Regular Interests (exclusive of the Reserve Fund) subject to this Agreement 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 represent the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC III Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC III (the "REMIC III Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC III Regular Interest shall be the 360th Distribution Date. None of the REMIC III Regular Interests will be certificated. UNCERTIFICATED REMIC LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE III PRINCIPAL BALANCE MATURITY DATE ----------- ----------------- --------------------- ------------- LT3-AI-AA Variable(2Variable(1) $ 395,429,412.86 September $403,761,501.36 August 25, 2035 A Variable(22032 LT3-AI-1 Variable(1) $ 2,836,590.00 September $1,323,000.00 August 25, 2035 M-1 Variable(22032 LT3-AI-2 Variable(1) $ 427,710.00 September $480,000.00 August 25, 2035 M-2 Variable(22032 LT3-AI-3 Variable(1) $ 74,650.00 September $714,000.00 August 25, 2035 M-3 Variable(22032 LT3-AI-4 Variable(1) $ 121,050.00 September $726,000.00 August 25, 2035 M-4 Variable(22032 LT3-AI-5 Variable(1) $ 90,790.00 September $465,000.00 August 25, 2035 M-5 Variable(22032 LT3-AI-6 Variable(1) $ 64,560.00 September $412,000.00 August 25, 2035 B-1 Variable(22032 LT3-AI-ZZ Variable(1) $ 88,770.00 September $4,120,030.64 August 25, 2035 B-2 Variable(22032 LT3-IAIO(4) $ 60,520.00 September 2.00% $(2) August 25, 2035 B-3 Variable(22032 LT3-AII-AA Variable(3) $ 66,580.00 September $198,940,650.72 August 25, 2035 B-4 Variable(22032 REMIC IV As provided herein, the REMIC Administrator will elect to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC IV. The Class R-IV Certificates will represent the sole class of "residual interests" in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass- Through Rate, aggregate Initial Certificate Principal Balance, certain features, Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC IV. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) $ 199,730.00 September for each Class of REMIC IV Regular Certificates shall be the 360th Distribution Date, except for the Class A-I-IO Certificates for which it shall be the 30th Distribution Date. Aggregate Initial Certificate Pass-Through- Principal Final Scheduled Designation Type Rate Balance Features Distribution Date Initial Ratings S&P Moody's Class A-I-1 Senior 2.451% $132,300,000 Senior February 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 2019 AAA Aaa Class A-I-2 Senior 3.354% $48,000,000 Senior June 25, 2035 ______________________________________2023 AAA Aaa Class A-I-3 Senior 3.885% $71,400,000 Senior October 25, 2027 AAA Aaa Class A-I-4 Senior 4.799%(1) $72,600,000 Senior November 25, 2030 AAA Aaa Class A-I-5 Senior 5.663%(1)(2) $46,500,000 Senior August 25, 2032 AAA Aaa Class A-I-6 Senior 5.031%(1) $41,200,000 Senior/ Lockout August 25, 2032 AAA Aaa Senior/ Interest Class A-I-IO Senior 2.000%(3) $0(4) Only February 25, 2005 AAA Aaa djustable(1)(2)(5) Senior/ Class A-II Senior $203,000,000 Adjustable Rate August 25, 2032 AAA Aaa Class SB-I Subordinate Adjustable(6) $1,532 Subordinate August 25, 2032 N/R N/R Class SB-II Subordinate Adjustable(6) $664 Subordinate August 25, 2032 N/R N/R Class R-I Residual N/A N/A Residual N/A N/R N/R Class R-II Residual N/A N/A Residual N/A N/R N/R Class R-III Residual N/A N/A Residual N/A N/R N/R Class R-IV Residual N/A N/A Residual N/A N/R N/R ---------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing aggregate shall evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund shall consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I ------- As provided herein, the Securities Administrator, on behalf of the Trustee will shall elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fundany Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Interest Coverage Accounts, any Subsequent Mortgage Loan Interest, the Net WAC Rate Carryover Reserve Account and the Interest Coverage AccountCap Contracts) subject to this Agreement as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will shall be designated as “"REMIC I”. I." The Class R-1 Certificates will R-I Interest shall be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation Section regulation section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will shall be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date (1Date(1) AA ----------- --------------- ---------------------- ----------------- I-LT1 Variable(2) $ 395,429,412.86 September 2,260,928,984.02 February 25, 2035 A I-LT1PF Variable(2) $ 2,836,590.00 September 557,239,870.27 February 25, 0000 X-XX0 Variable(2) $ 471,290,900.20 February 25, 2035 M-1 I-LT2PF Variable(2) $ 427,710.00 September 115,843,553.89 February 25, 0000 X-XX0 Variable(2) $ 717,781,040.69 February 25, 2035 M-2 I-LT3PF Variable(2) $ 74,650.00 September 176,916,525.29 February 25, 2035 M-3 0000 X-XXX Variable(2) $ 121,050.00 September 100.00 February 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2035
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell asset-backed certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fourteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust, the Swap Agreement and the X-AMB Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated REMIC I Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2I-1-A Variable(1) $ 395,429,412.86 September 25, 2035 5,463,600.180 August 2036 I-2-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(26,668,589.705 August 2036 I-3-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(27,598,468.195 August 2036 I-4-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(28,168,076.090 August 2036 I-5-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(28,878,589.765 August 2036 I-6-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(29,474,496.970 August 2036 I-7-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(210,172,692.815 August 2036 I-8-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(210,873,961.660 August 2036 I-9-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(211,057,782.650 August 2036 I-10-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(210,777,803.755 August 2036 I-11-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(210,541,803.710 August 2036 I-12-A Variable(1) $ 4,039,038.02 September 25, 2035 10,025,258.855 August 2036 I-13-A Variable(1) 9,538,404.890 August 2036 I-14-A Variable(1) 9,080,343.625 August 2036 I-15-A Variable(1) 8,649,099.460 August 2036 I-16-A Variable(1) 8,242,852.430 August 2036 I-17-A Variable(1) 7,859,923.135 August 2036 I-18-A Variable(1) 7,498,808.380 August 2036 I-19-A Variable(1) 7,158,120.100 August 2036 I-20-A Variable(1) 6,842,087.600 August 2036 I-21-A Variable(1) 6,573,720.445 August 2036 I-22-A Variable(1) 6,345,576.270 August 2036 I-23-A Variable(1) 6,125,738.855 August 2036 I-24-A Variable(1) 5,930,028.360 August 2036 I-25-A Variable(1) 5,739,586.865 August 2036 I-26-A Variable(1) 5,554,133.355 August 2036 I-27-A Variable(1) 5,373,475.880 August 2036 I-28-A Variable(1) 5,197,446.620 August 2036 I-29-A Variable(1) 5,027,702.160 August 2036 I-30-A Variable(1) 4,862,863.885 August 2036 I-31-A Variable(1) 4,710,177.030 August 2036 I-32-A Variable(1) 4,576,279.865 August 2036 I-33-A Variable(1) 4,425,433.615 August 2036 I-34-A Variable(1) 4,260,492.745 August 2036 I-35-A Variable(1) 4,104,647.600 August 2036 I-36-A Variable(1) 3,956,411.340 August 2036 I-37-A Variable(1) 3,815,589.615 August 2036 I-38-A Variable(1) 3,677,048.470 August 2036 I-39-A Variable(1) 3,531,929.815 August 2036 I-40-A Variable(1) 3,382,008.105 August 2036 I-41-A Variable(1) 3,238,701.315 August 2036 I-42-A Variable(1) 3,096,072.160 August 2036 I-43-A Variable(1) 2,960,185.340 August 2036 I-44-A Variable(1) 2,830,722.610 August 2036 I-45-A Variable(1) 2,707,362.375 August 2036 I-46-A Variable(1) 2,589,803.365 August 2036 I-47-A Variable(1) 2,477,759.705 August 2036 I-48-A Variable(1) 2,370,961.390 August 2036 I-49-A Variable(1) 2,269,152.085 August 2036 I-50-A Variable(1) 2,172,090.175 August 2036 I-51-A Variable(1) 2,079,547.870 August 2036 I-52-A Variable(1) 1,991,302.230 August 2036 I-53-A Variable(1) 1,907,136.485 August 2036 I-54-A Variable(1) 1,826,838.670 August 2036 I-55-A Variable(1) 1,750,175.830 August 2036 I-56-A Variable(1) 1,676,894.530 August 2036 I-57-A Variable(1) 1,606,725.440 August 2036 I-58-A Variable(1) 1,539,910.690 August 2036 I-59-A Variable(1) 40,483,333.250 August 2036 I-1-B Variable(1) 5,463,600.180 August 2036 I-2-B Variable(1) 6,668,589.705 August 2036 I-3-B Variable(1) 7,598,468.195 August 2036 I-4-B Variable(1) 8,168,076.090 August 2036 I-5-B Variable(1) 8,878,589.765 August 2036 I-6-B Variable(1) 9,474,496.970 August 2036 I-7-B Variable(1) 10,172,692.815 August 2036 I-8-B Variable(1) 10,873,961.660 August 2036 I-9-B Variable(1) 11,057,782.650 August 2036 I-10-B Variable(1) 10,777,803.755 August 2036 I-11-B Variable(1) 10,541,803.710 August 2036 I-12-B Variable(1) 10,025,258.855 August 2036 I-13-B Variable(1) 9,538,404.890 August 2036 I-14-B Variable(1) 9,080,343.625 August 2036 I-15-B Variable(1) 8,649,099.460 August 2036 I-16-B Variable(1) 8,242,852.430 August 2036 I-17-B Variable(1) 7,859,923.135 August 2036 I-18-B Variable(1) 7,498,808.380 August 2036 I-19-B Variable(1) 7,158,120.100 August 2036 I-20-B Variable(1) 6,842,087.600 August 2036 I-21-B Variable(1) 6,573,720.445 August 2036 I-22-B Variable(1) 6,345,576.270 August 2036 I-23-B Variable(1) 6,125,738.855 August 2036 I-24-B Variable(1) 5,930,028.360 August 2036 I-25-B Variable(1) 5,739,586.865 August 2036 I-26-B Variable(1) 5,554,133.355 August 2036 I-27-B Variable(1) 5,373,475.880 August 2036 I-28-B Variable(1) 5,197,446.620 August 2036 I-29-B Variable(1) 5,027,702.160 August 2036 I-30-B Variable(1) 4,862,863.885 August 2036 I-31-B Variable(1) 4,710,177.030 August 2036 I-32-B Variable(1) 4,576,279.865 August 2036 I-33-B Variable(1) 4,425,433.615 August 2036 I-34-B Variable(1) 4,260,492.745 August 2036 I-35-B Variable(1) 4,104,647.600 August 2036 I-36-B Variable(1) 3,956,411.340 August 2036 I-37-B Variable(1) 3,815,589.615 August 2036 I-38-B Variable(1) 3,677,048.470 August 2036 I-39-B Variable(1) 3,531,929.815 August 2036 I-40-B Variable(1) 3,382,008.105 August 2036 I-41-B Variable(1) 3,238,701.315 August 2036 I-42-B Variable(1) 3,096,072.160 August 2036 I-43-B Variable(1) 2,960,185.340 August 2036 I-44-B Variable(1) 2,830,722.610 August 2036 I-45-B Variable(1) 2,707,362.375 August 2036 I-46-B Variable(1) 2,589,803.365 August 2036 I-47-B Variable(1) 2,477,759.705 August 2036 I-48-B Variable(1) 2,370,961.390 August 2036 I-49-B Variable(1) 2,269,152.085 August 2036 I-50-B Variable(1) 2,172,090.175 August 2036 I-51-B Variable(1) 2,079,547.870 August 2036 I-52-B Variable(1) 1,991,302.230 August 2036 I-53-B Variable(1) 1,907,136.485 August 2036 I-54-B Variable(1) 1,826,838.670 August 2036 I-55-B Variable(1) 1,750,175.830 August 2036 I-56-B Variable(1) 1,676,894.530 August 2036 I-57-B Variable(1) 1,606,725.440 August 2036 I-58-B Variable(1) 1,539,910.690 August 2036 I-59-B Variable(1) 40,483,333.250 August 2036 A-I Variable(1) 7,751,035.520 August 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC II Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC II (the "REMIC II Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G 1(a)(4)(iii)) for each REMIC II Regular Interest shall be the Maturity Date. None of the REMIC II Regular Interests will be certificated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust Series 2006-Amn1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in six classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in a trust fund (the "Trust Fund. On or prior to any Subsequent Transfer Date, ") consisting primarily of the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Mortgage Insurance Premium Taxes Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassLATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-I-1 Variable(1) AA Variable(2Xxxxxxxx 00, 0000 XX-X-0 Xxxxxxxx(0) $ 395,429,412.86 September November 25, 2035 A Variable(22032 LT-I-3 Variable(1) $ 2,836,590.00 September Xxxxxxxx 00, 0000 XX-X-0 Xxxxxxxx(0) November 25, 2035 M-1 Variable(22032 LT-II-1 Variable(1) $ 427,710.00 September Xxxxxxxx 00, 0000 XX-XX-0 Xxxxxxxx(0) November 25, 2035 M-2 Variable(22032 LT-II-3 Variable(1) $ 74,650.00 September Xxxxxxxx 00, 0000 XX-XX-0 Xxxxxxxx(0) November 25, 2035 M-3 Variable(2) $ 121,050.00 September 2032 R-I N/A N/A November 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2032 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in twenty-two classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than exclusive of the Reserve Fund, the Pre-Funding Swap Account and the Interest Coverage AccountSwap Agreement) subject to this Agreement as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassUNCERTIFICATED PRINCIPAL LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE BALANCE MATURITY DATE $ A-I Variable(1) AA Variable(2) $ 395,429,412.86 September 1,231.00 June 25, 2035 $ I-1-A Variable(2Variable(1) $ 2,836,590.00 September 4,670,916.15 June 25, 2035 M-1 Variable(2$ I-1-B Variable(1) $ 427,710.00 September 4,670,916.15 June 25, 2035 M-2 Variable(2$ I-2-A Variable(1) $ 74,650.00 September 6,652,579.07 June 25, 2035 M-3 Variable(2$ I-2-B Variable(1) $ 121,050.00 September 6,652,579.07 June 25, 2035 M-4 Variable(2$ I-3-A Variable(1) $ 90,790.00 September 32,456,673.20 June 25, 2035 M-5 Variable(2$ I-3-B Variable(1) $ 64,560.00 September 32,456,673.20 June 25, 2035 B-1 Variable(2$ I-4-A Variable(1) $ 88,770.00 September 13,467,052.79 June 25, 2035 B-2 Variable(2$ I-4-B Variable(1) $ 60,520.00 September 13,467,052.79 June 25, 2035 B-3 Variable(2$ I-5-A Variable(1) $ 66,580.00 September 11,868,110.93 June 25, 2035 B-4 Variable(2$ I-5-B Variable(1) $ 199,730.00 September 11,868,110.93 June 25, 2035 ZZ Variable(2$ I-6-A Variable(1) 13,719,631.84 June 25, 2035 $ 4,039,038.02 September I-6-B Variable(1) 13,719,631.84 June 25, 2035 $ I-7-A Variable(1) 15,516,881.89 June 25, 2035 $ I-7-B Variable(1) 15,516,881.89 June 25, 2035 $ I-8-A Variable(1) 17,516,988.76 June 25, 2035 $ I-8-B Variable(1) 17,516,988.76 June 25, 2035 $ I-9-A Variable(1) 20,038,669.21 June 25, 2035 $ I-9-B Variable(1) 20,038,669.21 June 25, 2035 $ I-10-A Variable(1) 19,696,755.39 June 25, 2035 $ I-10-B Variable(1) 19,696,755.39 June 25, 2035 $ I-11-A Variable(1) 20,363,624.75 June 25, 2035 $ I-11-B Variable(1) 20,363,624.75 June 25, 2035 $ I-12-A Variable(1) 19,409,981.61 June 25, 2035 $ I-12-B Variable(1) 19,409,981.61 June 25, 2035 $ I-13-A Variable(1) 18,500,678.94 June 25, 2035 $ I-13-B Variable(1) 18,500,678.94 June 25, 2035 $ I-14-A Variable(1) 17,634,647.21 June 25, 2035 $ I-14-B Variable(1) 17,634,647.21 June 25, 2035 $ I-15-A Variable(1) 16,809,806.49 June 25, 2035 $ I-15-B Variable(1) 16,809,806.49 June 25, 2035 $ I-16-A Variable(1) 16,024,177.50 June 25, 2035 $ I-16-B Variable(1) 16,024,177.50 June 25, 2035 $ I-17-A Variable(1) 15,285,027.27 June 25, 2035 $ I-17-B Variable(1) 15,285,027.27 June 25, 2035 $ I-18-A Variable(1) 14,570,818.89 June 25, 2035 $ I-18-B Variable(1) 14,570,818.89 June 25, 2035 $ I-19-A Variable(1) 13,911,768.44 June 25, 2035 $ I-19-B Variable(1) 13,911,768.44 June 25, 2035 $ I-20-A Variable(1) 13,709,537.67 June 25, 2035 $ I-20-B Variable(1) 13,709,537.67 June 25, 2035 $ I-21-A Variable(1) 15,586,905.92 June 25, 2035 $ I-21-B Variable(1) 15,586,905.92 June 25, 2035 $ I-22-A Variable(1) 46,610,692.98 June 25, 2035 $ I-22-B Variable(1) 46,610,692.98 June 25, 2035 $ I-23-A Variable(1) 128,336,583.33 June 25, 2035 $ I-23-B Variable(1) 128,336,583.33 June 25, 2035 $ I-24-A Variable(1) 5,459,446.89 June 25, 2035 $ I-24-B Variable(1) 5,459,446.89 June 25, 2035 $ I-25-A Variable(1) 4,783,546.70 June 25, 2035 $ I-25-B Variable(1) 4,783,546.70 June 25, 2035 $ I-26-A Variable(1) 3,998,025.16 June 25, 2035 $ I-26-B Variable(1) 3,998,025.16 June 25, 2035 $ I-27-A Variable(1) 3,009,740.35 June 25, 2035 $ I-27-B Variable(1) 3,009,740.35 June 25, 2035 $ I-28-A Variable(1) 2,867,797.86 June 25, 2035 $ I-28-B Variable(1) 2,867,797.86 June 25, 2035 $ I-29-A Variable(1) 2,736,524.31 June 25, 2035 $ I-29-B Variable(1) 2,736,524.31 June 25, 2035 $ I-30-A Variable(1) 2,611,921.00 June 25, 2035 $ I-30-B Variable(1) 2,611,921.00 June 25, 2035 $ I-31-A Variable(1) 2,493,622.50 June 25, 2035 $ I-31-B Variable(1) 2,493,622.50 June 25, 2035 $ I-32-A Variable(1) 2,409,807.12 June 25, 2035 $ I-32-B Variable(1) 2,409,807.12 June 25, 2035 $ I-33-A Variable(1) 2,414,927.65 June 25, 2035 $ I-33-B Variable(1) 2,414,927.65 June 25, 2035 $ I-34-A Variable(1) 6,991,604.00 June 25, 2035 $ I-34-B Variable(1) 6,991,604.00 June 25, 2035 $ I-35-A Variable(1) 7,117,789.34 June 25, 2035 $ I-35-B Variable(1) 7,117,789.34 June 25, 2035 $ I-36-A Variable(1) 1,375,898.99 June 25, 2035 $ I-36-B Variable(1) 1,375,898.99 June 25, 2035 $ I-37-A Variable(1) 1,325,842.52 June 25, 2035 $ I-37-B Variable(1) 1,325,842.52 June 25, 2035 $ I-38-A Variable(1) 1,277,812.02 June 25, 2035 $ I-38-B Variable(1) 1,277,812.02 June 25, 2035 $ I-39-A Variable(1) 1,231,715.02 June 25, 2035 $ I-39-B Variable(1) 1,231,715.02 June 25, 2035 $ I-40-A Variable(1) 1,187,463.76 June 25, 2035 $ I-40-B Variable(1) 1,187,463.76 June 25, 2035 $ I-41-A Variable(1) 1,144,974.91 June 25, 2035 $ I-41-B Variable(1) 1,144,974.91 June 25, 2035 $ I-42-A Variable(1) 1,104,169.32 June 25, 2035 $ I-42-B Variable(1) 1,104,169.32 June 25, 2035 $ I-43-A Variable(1) 1,064,971.84 June 25, 2035 $ I-43-B Variable(1) 1,064,971.84 June 25, 2035 $ I-44-A Variable(1) 1,027,311.01 June 25, 2035 $ I-44-B Variable(1) 1,027,311.01 June 25, 2035 $ I-45-A Variable(1) 991,118.97 June 25, 2035 $ I-45-B Variable(1) 991,118.97 June 25, 2035 $ I-46-A Variable(1) 956,331.20 June 25, 2035 $ I-46-B Variable(1) 956,331.20 June 25, 2035 $ I-47-A Variable(1) 922,886.34 June 25, 2035 $ I-47-B Variable(1) 922,886.34 June 25, 2035 $ I-48-A Variable(1) 890,726.06 June 25, 2035 $ I-48-B Variable(1) 890,726.06 June 25, 2035 $ I-49-A Variable(1) 859,794.84 June 25, 2035 $ I-49-B Variable(1) 859,794.84 June 25, 2035 $ I-50-A Variable(1) 830,039.88 June 25, 2035 $ I-50-B Variable(1) 830,039.88 June 25, 2035 $ I-51-A Variable(1) 801,410.92 June 25, 2035 $ I-51-B Variable(1) 801,410.92 June 25, 2035 $ I-52-A Variable(1) 773,860.12 June 25, 2035 $ I-52-B Variable(1) 773,860.12 June 25, 2035 $ I-53-A Variable(1) 747,341.92 June 25, 2035 $ I-53-B Variable(1) 747,341.92 June 25, 2035 $ I-54-A Variable(1) 729,362.81 June 25, 2035 $ I-54-B Variable(1) 729,362.81 June 25, 2035 $ I-55-A Variable(1) 696,777.65 June 25, 2035 $ I-55-B Variable(1) 696,777.65 June 25, 2035 $ I-56-A Variable(1) 691,965.18 June 25, 2035 $ I-56-B Variable(1) 691,965.18 June 25, 2035 $ I-57-A Variable(1) 1,132,588.88 June 25, 2035 $ I-57-B Variable(1) 1,132,588.88 June 25, 2035 $ I-58-A Variable(1) 737,687.37 June 25, 2035 $ I-58-B Variable(1) 737,687.37 June 25, 2035 $ I-59-A Variable(1) 873,039.50 June 25, 2035 $ I-59-B Variable(1) 873,039.50 June 25, 2035 $ I-60-A Variable(1) 17,371,645.93 June 25, 2035 $ I-60-B Variable(1) 17,371,645.93 June 25, 2035 _______________________________________ (1) Calculated in accordance with the definition of "Uncertificated REMIC I Pass-Through Rate" herein. REMIC II As provided herein, the REMIC Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II". The Class R-II Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Uncertificated REMIC II Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC II Regular Interests (as defined herein). None of the REMIC II Regular Interests will be certificated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2005-Rs6 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On sell or prior to the Closing Datetransfer pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing aggregate shall evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund shall consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will shall elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carry Forward Reserve Account and, for the avoidance of doubt, the Supplemental Interest Trust and the Interest Rate Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will shall be designated as “REMIC I”. I.” The Class R-1 Certificates will R-I Interest shall be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will shall be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA Variable(2) $ 395,429,412.86 September 25, 2035 I-1-A Variable(2) $ 2,836,590.00 September 5,728,255.28 October 25, 2035 M-1 I-1-B Variable(2) $ 427,710.00 September 5,728,255.28 October 25, 2035 M-2 I-2-A Variable(2) $ 74,650.00 September 5,525,444.67 October 25, 2035 M-3 I-2-B Variable(2) $ 121,050.00 September 5,525,444.67 October 25, 2035 M-4 I-3-A Variable(2) $ 90,790.00 September 5,333,354.13 October 25, 2035 M-5 I-3-B Variable(2) $$ 5,333,354.13 October 25, 2035 I-4-A Variable(2) $$ 5,151,296.85 October 25, 2035 I-4-B Variable(2) $$ 5,151,296.85 October 25, 2035 I-5-A Variable(2) $$ 5,070,989.78 October 25, 2035 I-5-B Variable(2) $$ 5,070,989.78 October 25, 2035 I-6-A Variable(2) $$ 4,999,177.25 October 25, 2035 I-6-B Variable(2) $$ 4,999,177.25 October 25, 2035 I-7-A Variable(2) $$ 4,645,955.64 October 25, 2035 I-7-B Variable(2) $$ 4,645,955.64 October 25, 2035 I-8-A Variable(2) $$ 4,497,854.43 October 25, 2035 I-8-B Variable(2) $$ 4,497,854.43 October 25, 2035 I-9-A Variable(2) $$ 4,356,494.80 October 25, 2035 I-9-B Variable(2) $$ 4,356,494.80 October 25, 2035 I-10-A Variable(2) $$ 4,221,290.77 October 25, 2035 I-10-B Variable(2) $$ 4,221,290.77 October 25, 2035 I-11-A Variable(2) $$ 4,091,680.88 October 25, 2035 I-11-B Variable(2) $$ 4,091,680.88 October 25, 2035 I-12-A Variable(2) $$ 3,967,129.30 October 25, 2035 I-12-B Variable(2) $$ 3,967,129.30 October 25, 2035 I-13-A Variable(2) $$ 3,847,127.08 October 25, 2035 I-13-B Variable(2) $$ 3,847,127.08 October 25, 2035 I-14-A Variable(2) $$ 3,731,167.02 October 25, 2035 I-14-B Variable(2) $$ 3,731,167.02 October 25, 2035 I-15-A Variable(2) $$ 3,616,540.92 October 25, 2035 I-15-B Variable(2) $$ 3,616,540.92 October 25, 2035 I-16-A Variable(2) $$ 3,461,406.17 October 25, 2035 I-16-B Variable(2) $$ 3,461,406.17 October 25, 2035 I-17-A Variable(2) $$ 3,312,968.59 October 25, 2035 I-17-B Variable(2) $$ 3,312,968.59 October 25, 2035 I-18-A Variable(2) $$ 3,170,937.45 October 25, 2035 I-18-B Variable(2) $$ 3,170,937.45 October 25, 2035 I-19-A Variable(2) $$ 3,035,034.70 October 25, 2035 I-19-B Variable(2) $$ 3,035,034.70 October 25, 2035 I-20-A Variable(2) $$ 2,904,994.44 October 25, 2035 I-20-B Variable(2) $$ 2,904,994.44 October 25, 2035 I-21-A Variable(2) $$ 2,780,562.34 October 25, 2035 I-21-B Variable(2) $$ 2,780,562.34 October 25, 2035 I-22-A Variable(2) $$ 2,670,169.63 October 25, 2035 I-22-B Variable(2) $$ 2,670,169.63 October 25, 2035 I-23-A Variable(2) $$ 2,872,665.50 October 25, 2035 I-23-B Variable(2) $$ 2,872,665.50 October 25, 2035 I-24-A Variable(2) $$ 39,559,519.08 October 25, 2035 I-24-B Variable(2) $$ 39,559,519.08 October 25, 2035 I-25-A Variable(2) $$ 652,778.98 October 25, 2035 I-25-B Variable(2) $$ 652,778.98 October 25, 2035 I-26-A Variable(2) $$ 628,309.88 October 25, 2035 I-26-B Variable(2) $$ 628,309.88 October 25, 2035 I-27-A Variable(2) $$ 604,765.98 October 25, 2035 I-27-B Variable(2) $$ 604,765.98 October 25, 2035 I-28-A Variable(2) $$ 582,111.93 October 25, 2035 I-28-B Variable(2) $$ 582,111.93 October 25, 2035 I-29-A Variable(2) $$ 560,313.72 October 25, 2035 I-29-B Variable(2) $$ 560,313.72 October 25, 2035 I-30-A Variable(2) $$ 539,338.69 October 25, 2035 I-30-B Variable(2) $$ 539,338.69 October 25, 2035 I-31-A Variable(2) $$ 519,155.41 October 25, 2035 I-31-B Variable(2) $$ 519,155.41 October 25, 2035 I-32-A Variable(2) $$ 499,733.69 October 25, 2035 I-32-B Variable(2) $$ 499,733.69 October 25, 2035 I-33-A Variable(2) $$ 481,044.48 October 25, 2035 I-33-B Variable(2) $$ 481,044.48 October 25, 2035 I-34-A Variable(2) $$ 60,964.01 October 25, 2035 I-34-B Variable(2) $$ 60,964.01 October 25, 2035 I-35-A Variable(2) $$ 283,167.35 October 25, 2035 I-35-B Variable(2) $$ 283,167.35 October 25, 2035 I-36-A Variable(2) $$ 273,272.31 October 25, 2035 I-36-B Variable(2) $$ 273,272.31 October 25, 2035 I-37-A Variable(2) $$ 263,720.61 October 25, 2035 I-37-B Variable(2) $$ 263,720.61 October 25, 2035 I-38-A Variable(2) $$ 254,500.53 October 25, 2035 I-38-B Variable(2) $$ 254,500.53 October 25, 2035 I-39-A Variable(2) $$ 245,601.78 October 25, 2035 I-39-B Variable(2) $$ 245,601.78 October 25, 2035 I-40-A Variable(2) $$ 237,010.58 October 25, 2035 I-40-B Variable(2) $$ 237,010.58 October 25, 2035 I-41-A Variable(2) $$ 228,717.77 October 25, 2035 I-41-B Variable(2) $$ 228,717.77 October 25, 2035 I-42-A Variable(2) $$ 220,713.07 October 25, 2035 I-42-B Variable(2) $$ 220,713.07 October 25, 2035 I-43-A Variable(2) $$ 212,986.54 October 25, 2035 I-43-B Variable(2) $$ 212,986.54 October 25, 2035 I-44-A Variable(2) $$ 205,528.59 October 25, 2035 I-44-B Variable(2) $$ 205,528.59 October 25, 2035 I-45-A Variable(2) $$ 198,329.94 October 25, 2035 I-45-B Variable(2) $$ 198,329.94 October 25, 2035 I-46-A Variable(2) $$ 191,381.63 October 25, 2035 I-46-B Variable(2) $$ 191,381.63 October 25, 2035 I-47-A Variable(2) $ 64,560.00 September 184,675.02 October 25, 2035 B-1 I-47-B Variable(2) $ 88,770.00 September 184,675.02 October 25, 2035 B-2 I-48-A Variable(2) $ 60,520.00 September 178,201.76 October 25, 2035 B-3 I-48-B Variable(2) $ 66,580.00 September 178,201.76 October 25, 2035 B-4 I-49-A Variable(2) $ 199,730.00 September 171,953.80 October 25, 2035 ZZ I-49-B Variable(2) $ 4,039,038.02 September 171,953.80 October 25, 2035 I-50-A Variable(2) $ 165,923.34 October 25, 2035 I-50-B Variable(2) $ 165,923.34 October 25, 2035 I-51-A Variable(2) $ 160,102.86 October 25, 2035 I-51-B Variable(2) $ 160,102.86 October 25, 2035 I-52-A Variable(2) $ 4,366,582.61 October 25, 2035 I-52-B Variable(2) $ 4,366,582.61 October 25, 2035 I-OC Variable(2) $ 8,704,067.57 October 25, 2035 I-OC Cash Variable(2) $ 312.32 October 25, 2035 I-P Variable(2) $ 29.19 October 25, 2035 II-1-A Variable(2) $$ 13,892,456.02 October 25, 2035 II-1-B Variable(2) $$ 13,892,456.02 October 25, 2035 II-2-A Variable(2) $$ 13,400,589.42 October 25, 2035 II-2-B Variable(2) $$ 13,400,589.42 October 25, 2035 II-3-A Variable(2) $$ 12,934,721.68 October 25, 2035 II-3-B Variable(2) $$ 12,934,721.68 October 25, 2035 II-4-A Variable(2) $$ 12,493,187.08 October 25, 2035 II-4-B Variable(2) $$ 12,493,187.08 October 25, 2035 II-5-A Variable(2) $$ 12,298,422.31 October 25, 2035 II-5-B Variable(2) $$ 12,298,422.31 October 25, 2035 II-6-A Variable(2) $$ 12,124,258.90 October 25, 2035 II-6-B Variable(2) $$ 12,124,258.90 October 25, 2035 II-7-A Variable(2) $$ 11,267,607.88 October 25, 2035 II-7-B Variable(2) $$ 11,267,607.88 October 25, 2035 II-8-A Variable(2) $$ 10,908,425.30 October 25, 2035 II-8-B Variable(2) $$ 10,908,425.30 October 25, 2035 II-9-A Variable(2) $$ 10,565,592.73 October 25, 2035 II-9-B Variable(2) $$ 10,565,592.73 October 25, 2035 II-10-A Variable(2) $$ 10,237,689.05 October 25, 2035 II-10-B Variable(2) $$ 10,237,689.05 October 25, 2035 II-11-A Variable(2) $$ 9,923,352.55 October 25, 2035 II-11-B Variable(2) $$ 9,923,352.55 October 25, 2035 II-12-A Variable(2) $$ 9,621,283.73 October 25, 2035 II-12-B Variable(2) $$ 9,621,283.73 October 25, 2035 II-13-A Variable(2) $$ 9,330,248.23 October 25, 2035 II-13-B Variable(2) $$ 9,330,248.23 October 25, 2035 II-14-A Variable(2) $$ 9,049,016.01 October 25, 2035 II-14-B Variable(2) $$ 9,049,016.01 October 25, 2035 II-15-A Variable(2) $$ 8,771,018.95 October 25, 2035 II-15-B Variable(2) $$ 8,771,018.95 October 25, 2035 II-16-A Variable(2) $$ 8,394,778.28 October 25, 2035 II-16-B Variable(2) $$ 8,394,778.28 October 25, 2035 II-17-A Variable(2) $$ 8,034,779.91 October 25, 2035 II-17-B Variable(2) $$ 8,034,779.91 October 25, 2035 II-18-A Variable(2) $$ 7,690,318.75 October 25, 2035 II-18-B Variable(2) $$ 7,690,318.75 October 25, 2035 II-19-A Variable(2) $$ 7,360,720.51 October 25, 2035 II-19-B Variable(2) $$ 7,360,720.51 October 25, 2035 II-20-A Variable(2) $$ 7,045,340.26 October 25, 2035 II-20-B Variable(2) $$ 7,045,340.26 October 25, 2035 II-21-A Variable(2) $$ 6,743,561.19 October 25, 2035 II-21-B Variable(2) $$ 6,743,561.19 October 25, 2035 II-22-A Variable(2) $$ 6,475,831.17 October 25, 2035 II-22-B Variable(2) $$ 6,475,831.17 October 25, 2035 II-23-A Variable(2) $$ 6,966,934.46 October 25, 2035 II-23-B Variable(2) $$ 6,966,934.46 October 25, 2035 II-24-A Variable(2) $$ 95,941,757.48 October 25, 2035 II-24-B Variable(2) $$ 95,941,757.48 October 25, 2035 II-25-A Variable(2) $$ 1,583,152.77 October 25, 2035 II-25-B Variable(2) $$ 1,583,152.77 October 25, 2035 II-26-A Variable(2) $$ 1,523,809.07 October 25, 2035 II-26-B Variable(2) $$ 1,523,809.07 October 25, 2035 II-27-A Variable(2) $$ 1,466,709.22 October 25, 2035 II-27-B Variable(2) $$ 1,466,709.22 October 25, 2035 II-28-A Variable(2) $$ 1,411,767.45 October 25, 2035 II-28-B Variable(2) $$ 1,411,767.45 October 25, 2035 II-29-A Variable(2) $$ 1,358,901.33 October 25, 2035 II-29-B Variable(2) $$ 1,358,901.33 October 25, 2035 II-30-A Variable(2) $$ 1,308,031.61 October 25, 2035 II-30-B Variable(2) $$ 1,308,031.61 October 25, 2035 II-31-A Variable(2) $$ 1,259,082.10 October 25, 2035 II-31-B Variable(2) $$ 1,259,082.10 October 25, 2035 II-32-A Variable(2) $$ 1,211,979.55 October 25, 2035 II-32-B Variable(2) $$ 1,211,979.55 October 25, 2035 II-33-A Variable(2) $$ 1,166,653.54 October 25, 2035 II-33-B Variable(2) $$ 1,166,653.54 October 25, 2035 II-34-A Variable(2) $$ 147,853.02 October 25, 2035 II-34-B Variable(2) $$ 147,853.02 October 25, 2035 II-35-A Variable(2) $$ 686,751.86 October 25, 2035 II-35-B Variable(2) $$ 686,751.86 October 25, 2035 II-36-A Variable(2) $$ 662,753.91 October 25, 2035 II-36-B Variable(2) $$ 662,753.91 October 25, 2035 II-37-A Variable(2) $$ 639,588.62 October 25, 2035 II-37-B Variable(2) $$ 639,588.62 October 25, 2035 II-38-A Variable(2) $$ 617,227.63 October 25, 2035 II-38-B Variable(2) $$ 617,227.63 October 25, 2035 II-39-A Variable(2) $$ 595,645.94 October 25, 2035 II-39-B Variable(2) $$ 595,645.94 October 25, 2035 II-40-A Variable(2) $$ 574,810.10 October 25, 2035 II-40-B Variable(2) $$ 574,810.10 October 25, 2035 II-41-A Variable(2) $$ 554,697.97 October 25, 2035 II-41-B Variable(2) $$ 554,697.97 October 25, 2035 II-42-A Variable(2) $$ 535,284.57 October 25, 2035 II-42-B Variable(2) $$ 535,284.57 October 25, 2035 II-43-A Variable(2) $$ 516,545.79 October 25, 2035 II-43-B Variable(2) $$ 516,545.79 October 25, 2035 II-44-A Variable(2) $$ 498,458.40 October 25, 2035 II-44-B Variable(2) $$ 498,458.40 October 25, 2035 II-45-A Variable(2) $$ 480,999.85 October 25, 2035 II-45-B Variable(2) $$ 480,999.85 October 25, 2035 II-46-A Variable(2) $$ 464,148.45 October 25, 2035 II-46-B Variable(2) $$ 464,148.45 October 25, 2035 II-47-A Variable(2) $ 447,883.25 October 25, 2035 II-47-B Variable(2) $ 447,883.25 October 25, 2035 II-48-A Variable(2) $ 432,183.98 October 25, 2035 II-48-B Variable(2) $ 432,183.98 October 25, 2035 II-49-A Variable(2) $ 417,031.10 October 25, 2035 II-49-B Variable(2) $ 417,031.10 October 25, 2035 II-50-A Variable(2) $ 402,405.72 October 25, 2035 II-50-B Variable(2) $ 402,405.72 October 25, 2035 II-51-A Variable(2) $ 388,289.61 October 25, 2035 II-51-B Variable(2) $ 388,289.61 October 25, 2035 II-52-A Variable(2) $ 10,590,058.22 October 25, 2035 II-52-B Variable(2) $ 10,590,058.22 October 25, 2035 II-OC Variable(2) $ 21,107,883.26 October 25, 2035 II-OC Cash Variable(2) $ 2,421.50 October 25, 2035 II-P Variable(2) $ 70.81 October 25, 2035 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GE-WMC Asset-Backed Pass Through Certificates, Series 2005-1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in thirteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated CLASS DESIGNATION FOR EACH REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1REGULAR INTEREST AND COMPONENT I OF THE CLASS R TYPE OF CERTIFICATE PRINCIPAL FINAL MATURITY CERTIFICATES INTEREST INTEREST RATE BALANCE DATE* Class Y-1 Regular Variable(1) AA $ 46,301,727.85 August 2034 Class Y-2 Regular Variable(2) $127,374,035.92 August 2034 Class Y-3 Regular Variable(3) $207,394,866.88 August 2034 Class Y-4 Regular Variable(4) $ 395,429,412.86 September 25, 2035 A 65,754,612.18 August 2034 Class Y-5 Regular Variable(5) $ 63,028,715.04 August 2034 Class Z-1 Regular Variable(1) $ 46,301,727.85 August 2034 Class Z-2 Regular Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2$127,374,035.92 August 2034 Class Z-3 Regular Variable(3) $207,394,866.88 August 2034 Class Z-4 Regular Variable(4) $ 427,710.00 September 25, 2035 M-2 Variable(265,754,612.18 August 2034 Class Z-5 Regular Variable(5) $ 74,650.00 September 25, 2035 M-3 Variable(263,028,715.04 August 2034 Component I of the Class R+ Residual Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________100.00 August 2034
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GMACM Mortgage Pass-Through Certificates Series 2004-Ar2)
PRELIMINARY STATEMENT. In order to facilitate the servicing of certain Home Improvement Loans by the Servicer, the Representative, the Servicer, the Originators and the Claims Administrator are entering into this Agreement with the Trustee. The Depositor is Originators are selling the owner of Home Improvement Loans and amounts on deposit in the Trust Fund that is hereby conveyed Pre- Funding Account to the Trustee in return for the benefit of the Certificateholders, pursuant to which 10 classes of Certificates are being issued, denominated on the face thereof as The Money Store Home Improvement Loan Certificates. On or prior to , 1997-I, Class A-1, Class A-2, Class A-3, Class M-1, Class M-2, Class B-1, Cxxxx X-0, Xxxxs X, Class R-1 and Class R-2, respectively, representing in the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial aggregate a 100% undivided ownership interest in the Trust FundHome Improvement Loans and amounts on deposit in the Pre-Funding Account. On The Initial Home Improvement Loans have an aggregate outstanding principal balance of $131,250,040.60 (which gives effect to the discounts on the Low Interest Home Improvement Loans of $0) as of February 28, 1997, except for those Initial Home Improvement Loans originated after February 28, 1997 and delivered to the Trustee on the Closing Date as to which the aggregate outstanding principal balance shall be as of the date of the related Mortgage Note (the "CutOff Date"), after application of payments received by the Originators on or prior to any Subsequent Transfer Datebefore such date, and the Depositor acquired original Pre-Funded Amount equals $43,749,959.40. Except for the Subsequent Mortgage Low Interest Home Improvement Loans, which each Initial Home Improvement Loan has, and each Subsequent Home Improvement Loan will be sold to have, a Home Improvement Loan Interest Rate in excess of the Trust on the related Subsequent Transfer DateAdjusted Home Improvement Loan Remittance Rate of each Class of Certificates. REMIC I As provided herein, two separate REMIC elections will be made in connection with the Securities Administrator, on behalf assets constituting each of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans REMIC I and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) II for federal income tax purposes. On the Startup Day, and such segregated pool all the Classes of assets REMIC II Regular Certificates will be designated as “"regular interests" in REMIC I”. The II and the Class R-1 R-2 Certificates will be designated the sole single class of Residual Interests (as defined herein) "residual interests" in such REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth On the designationStartup Day, all the Uncertificated Classes of Certificates except for the Class R-1 and Class R-2 Certificates will be designated "regular interests" in REMIC I Pass-Through Rate, and the initial Uncertificated Principal Balance and, Class R-1 Certificates will be designated the single class of "residual interests" in such REMIC for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (Provisions. The parties hereto agree as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Money Store Home Equity Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell home equity loan pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in [seventeen] Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the Distribution Date immediately succeeding the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities Ii Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing aggregate shall evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund shall consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will shall elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carryover Reserve Account, the Swap Account and the Interest Rate Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will shall be designated as “REMIC I”. I.” The Class R-1 Certificates will R-I Interest shall be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will shall be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA I Variable(2) $ 395,429,412.86 September 172.23 October 25, 2035 I-1-A Variable(2) $ 2,836,590.00 September 4,204,139.16 October 25, 2035 M-1 I-1-B Variable(2) $ 427,710.00 September 4,204,139.16 October 25, 2035 M-2 I-2-B Variable(2) $ 74,650.00 September 5,523,653.59 October 25, 2035 M-3 I-3-A Variable(2) $ 121,050.00 September 6,795,646.25 October 25, 2035 M-4 I-3-B Variable(2) $ 90,790.00 September 6,795,646.25 October 25, 2035 M-5 I-4-A Variable(2) $ 64,560.00 September 8,057,154.82 October 25, 2035 B-1 I-4-B Variable(2) $ 88,770.00 September 8,057,154.82 October 25, 2035 B-2 I-5-B Variable(2) $ 60,520.00 September 9,298,200.84 October 25, 2035 B-3 I-6-B Variable(2) $ 66,580.00 September 10,508,534.17 October 25, 2035 B-4 I-7-A Variable(2) $ 199,730.00 September 11,677,754.57 October 25, 2035 ZZ I-7-B Variable(2) $ 4,039,038.02 September 11,677,754.57 October 25, 2035 I-8-A Variable(2) $ 12,795,417.37 October 25, 2035 I-8-B Variable(2) $ 12,795,417.37 October 25, 2035 I-9-A Variable(2) $ 13,850,758.41 October 25, 2035 I-9-B Variable(2) $ 13,850,758.41 October 25, 2035 I-10-A Variable(2) $ 14,528,603.47 October 25, 2035 I-10-B Variable(2) $ 14,528,603.47 October 25, 2035 I-11-A Variable(2) $ 15,141,468.64 October 25, 2035 I-11-B Variable(2) $ 15,141,468.64 October 25, 2035 I-12-A Variable(2) $ 14,525,680.37 October 25, 2035 I-12-B Variable(2) $ 14,525,680.37 October 25, 2035 I-13-A Variable(2) $ 13,935,231.51 October 25, 2035 I-13-B Variable(2) $ 13,935,231.51 October 25, 2035 I-14-B Variable(2) $ 13,369,067.20 October 25, 2035 I-15-A Variable(2) $ 12,826,182.05 October 25, 2035 I-15-B Variable(2) $ 12,826,182.05 October 25, 2035 I-16-B Variable(2) $ 12,305,608.39 October 25, 2035 I-17-B Variable(2) $ 11,806,421.34 October 25, 2035 I-18-A Variable(2) $ 11,327,733.73 October 25, 2035 I-18-B Variable(2) $ 11,327,733.73 October 25, 2035 I-19-A Variable(2) $ 10,868,696.14 October 25, 2035 I-19-B Variable(2) $ 10,868,696.14 October 25, 2035 I-20-A Variable(2) $ 10,428,493.51 October 25, 2035 I-20-B Variable(2) $ 10,428,493.51 October 25, 2035 I-21-A Variable(2) $ 10,006,347.71 October 25, 2035 I-21-B Variable(2) $ 10,006,347.71 October 25, 2035 I-22-B Variable(2) $ 9,612,274.07 October 25, 2035 I-23-A Variable(2) $ 27,228,662.84 October 25, 2035 I-23-B Variable(2) $ 27,228,662.84 October 25, 2035 I-24-A Variable(2) $ 23,420,026.16 October 25, 2035 I-24-B Variable(2) $ 23,420,026.16 October 25, 2035 I-25-B Variable(2) $ 20,184,583.16 October 25, 2035 I-26-A Variable(2) $ 17,412,156.56 October 25, 2035 I-26-B Variable(2) $ 17,412,156.56 October 25, 2035 I-27-A Variable(2) $ 6,073,005.46 October 25, 2035 I-27-B Variable(2) $ 6,073,005.46 October 25, 2035 I-28-B Variable(2) $ 5,804,825.59 October 25, 2035 I-29-A Variable(2) $ 5,548,881.48 October 25, 2035 I-29-B Variable(2) $ 5,548,881.48 October 25, 2035 I-30-A Variable(2) $ 5,303,641.17 October 25, 2035 I-30-B Variable(2) $ 5,303,641.17 October 25, 2035 I-31-B Variable(2) $ 5,070,569.53 October 25, 2035 I-32-B Variable(2) $ 4,848,092.68 October 25, 2035 I-33-A Variable(2) $ 4,635,716.71 October 25, 2035 I-33-B Variable(2) $ 4,635,716.71 October 25, 2035 I-34-A Variable(2) $ 4,432,971.20 October 25, 2035 I-34-B Variable(2) $ 4,432,971.20 October 25, 2035 I-35-A Variable(2) $ 4,239,409.24 October 25, 2035 I-35-B Variable(2) $ 4,239,409.24 October 25, 2035 I-36-A Variable(2) $ 4,053,096.33 October 25, 2035 I-36-B Variable(2) $ 4,053,096.33 October 25, 2035 I-37-A Variable(2) $ 3,876,782.84 October 25, 2035 I-37-B Variable(2) $ 3,876,782.84 October 25, 2035 I-38-A Variable(2) $ 3,708,421.93 October 25, 2035 I-38-B Variable(2) $ 3,708,421.93 October 25, 2035 I-39-A Variable(2) $ 3,547,645.48 October 25, 2035 I-39-B Variable(2) $ 3,547,645.48 October 25, 2035 I-40-A Variable(2) $ 3,394,100.49 October 25, 2035 I-40-B Variable(2) $ 3,394,100.49 October 25, 2035 I-41-A Variable(2) $ 3,247,454.89 October 25, 2035 I-41-B Variable(2) $ 3,247,454.89 October 25, 2035 II-42-A Variable(2) $ 3,107,250.00 October 25, 2035 II-42-B Variable(2) $ 3,107,250.00 October 25, 2035 II-43-A Variable(2) $ 2,973,473.25 October 25, 2035 II-43-B Variable(2) $ 2,973,473.25 October 25, 2035 II-44-A Variable(2) $ 2,845,681.06 October 25, 2035 II-44-B Variable(2) $ 2,845,681.06 October 25, 2035 II-45-A Variable(2) $ 2,723,600.08 October 25, 2035 II-45-B Variable(2) $ 2,723,600.08 October 25, 2035 II-46-A Variable(2) $ 2,606,965.32 October 25, 2035 II-46-B Variable(2) $ 2,606,965.32 October 25, 2035 II-47-A Variable(2) $ 2,495,528.58 October 25, 2035 II-47-B Variable(2) $ 2,495,528.58 October 25, 2035 II-48-A Variable(2) $ 2,389,047.53 October 25, 2035 II-48-B Variable(2) $ 2,389,047.53 October 25, 2035 II-49-A Variable(2) $ 2,287,299.11 October 25, 2035 II-49-B Variable(2) $ 2,287,299.11 October 25, 2035 II-50-B Variable(2) $ 2,190,064.49 October 25, 2035 II-50-B Variable(2) $ 2,190,064.49 October 25, 2035 II-51-B Variable(2) $ 2,097,137.37 October 25, 2035 II-51-B Variable(2) $ 2,097,137.37 October 25, 2035 II-52-B Variable(2) $ 2,008,320.71 October 25, 2035 II-52-B Variable(2) $ 2,008,320.71 October 25, 2035 II-53-B Variable(2) $ 47,857,660.54 October 25, 2035 II-53-B Variable(2) $ 47,857,660.54 October 25, 2035 II Variable(2) $ 84.51 October 25, 2035 II-1-A Variable(2) $ 2,063,018.34 October 25, 2035 II-1-B Variable(2) $ 2,063,018.34 October 25, 2035 II-2-A Variable(2) $ 2,710,518.91 October 25, 2035 II-2-B Variable(2) $ 2,710,518.91 October 25, 2035 II-3-A Variable(2) $ 3,334,700.00 October 25, 2035 II-3-B Variable(2) $ 3,334,700.00 October 25, 2035 II-4-A Variable(2) $ 3,953,736.43 October 25, 2035 II-4-B Variable(2) $ 3,953,736.43 October 25, 2035 II-5-A Variable(2) $ 4,562,731.66 October 25, 2035 II-5-B Variable(2) $ 4,562,731.66 October 25, 2035 II-6-A Variable(2) $ 5,156,655.83 October 25, 2035 II-6-B Variable(2) $ 5,156,655.83 October 25, 2035 II-7-A Variable(2) $ 5,730,405.43 October 25, 2035 II-7-B Variable(2) $ 5,730,405.43 October 25, 2035 II-8-A Variable(2) $ 6,278,855.13 October 25, 2035 II-8-B Variable(2) $ 6,278,855.13 October 25, 2035 II-9-A Variable(2) $ 6,796,722.84 October 25, 2035 II-9-B Variable(2) $ 6,796,722.84 October 25, 2035 II-10-A Variable(2) $ 7,129,349.03 October 25, 2035 II-10-B Variable(2) $ 7,129,349.03 October 25, 2035 II-11-A Variable(2) $ 7,430,088.86 October 25, 2035 II-11-B Variable(2) $ 7,430,088.86 October 25, 2035 II-12-A Variable(2) $ 7,127,914.63 October 25, 2035 II-12-B Variable(2) $ 7,127,914.63 October 25, 2035 II-13-A Variable(2) $ 6,838,174.74 October 25, 2035 II-13-B Variable(2) $ 6,838,174.74 October 25, 2035 II-14-A Variable(2) $ 6,560,351.55 October 25, 2035 II-14-B Variable(2) $ 6,560,351.55 October 25, 2035 II-15-A Variable(2) $ 6,293,951.70 October 25, 2035 II-15-B Variable(2) $ 6,293,951.70 October 25, 2035 II-16-A Variable(2) $ 6,038,500.36 October 25, 2035 II-16-B Variable(2) $ 6,038,500.36 October 25, 2035 II-17-A Variable(2) $ 5,793,543.66 October 25, 2035 II-17-B Variable(2) $ 5,793,543.66 October 25, 2035 II-18-A Variable(2) $ 5,558,646.27 October 25, 2035 II-18-B Variable(2) $ 5,558,646.27 October 25, 2035 II-19-A Variable(2) $ 5,333,391.36 October 25, 2035 II-19-B Variable(2) $ 5,333,391.36 October 25, 2035 II-20-A Variable(2) $ 5,117,378.99 October 25, 2035 II-20-B Variable(2) $ 5,117,378.99 October 25, 2035 II-21-A Variable(2) $ 4,910,227.29 October 25, 2035 II-21-B Variable(2) $ 4,910,227.29 October 25, 2035 II-22-B Variable(2) $ 4,716,850.93 October 25, 2035 II-23-A Variable(2) $ 13,361,410.91 October 25, 2035 II-23-B Variable(2) $ 13,361,410.91 October 25, 2035 II-24-A Variable(2) $ 11,492,470.09 October 25, 2035 II-24-B Variable(2) $ 11,492,470.09 October 25, 2035 II-25-A Variable(2) $ 9,904,801.84 October 25, 2035 II-25-B Variable(2) $ 9,904,801.84 October 25, 2035 II-26-A Variable(2) $ 8,544,340.94 October 25, 2035 II-26-B Variable(2) $ 8,544,340.94 October 25, 2035 II-27-A Variable(2) $ 2,980,092.04 October 25, 2035 II-27-B Variable(2) $ 2,980,092.04 October 25, 2035 II-28-A Variable(2) $ 2,848,493.16 October 25, 2035 II-28-B Variable(2) $ 2,848,493.16 October 25, 2035 II-29-A Variable(2) $ 2,722,898.52 October 25, 2035 II-29-B Variable(2) $ 2,722,898.52 October 25, 2035 II-30-A Variable(2) $ 2,602,556.33 October 25, 2035 II-30-B Variable(2) $ 2,602,556.33 October 25, 2035 II-31-A Variable(2) $ 2,488,185.47 October 25, 2035 II-31-B Variable(2) $ 2,488,185.47 October 25, 2035 II-32-A Variable(2) $ 2,379,013.57 October 25, 2035 II-32-B Variable(2) $ 2,379,013.57 October 25, 2035 II-33-A Variable(2) $ 2,274,798.29 October 25, 2035 II-33-B Variable(2) $ 2,274,798.29 October 25, 2035 II-34-A Variable(2) $ 2,175,308.80 October 25, 2035 II-34-B Variable(2) $ 2,175,308.80 October 25, 2035 II-35-A Variable(2) $ 2,080,325.76 October 25, 2035 II-35-B Variable(2) $ 2,080,325.76 October 25, 2035 II-36-A Variable(2) $ 1,988,899.92 October 25, 2035 II-36-B Variable(2) $ 1,988,899.92 October 25, 2035 II-37-A Variable(2) $ 1,902,380.91 October 25, 2035 II-37-B Variable(2) $ 1,902,380.91 October 25, 2035 II-38-A Variable(2) $ 1,819,764.32 October 25, 2035 II-38-B Variable(2) $ 1,819,764.32 October 25, 2035 II-39-A Variable(2) $ 1,740,869.52 October 25, 2035 II-39-B Variable(2) $ 1,740,869.52 October 25, 2035 II-40-A Variable(2) $ 1,665,523.26 October 25, 2035 II-40-B Variable(2) $ 1,665,523.26 October 25, 2035 II-41-A Variable(2) $ 1,593,562.61 October 25, 2035 II-41-B Variable(2) $ 1,593,562.61 October 25, 2035 II-42-A Variable(2) $ 1,524,762.50 October 25, 2035 II-42-B Variable(2) $ 1,524,762.50 October 25, 2035 II-43-A Variable(2) $ 1,459,116.75 October 25, 2035 II-43-B Variable(2) $ 1,459,116.75 October 25, 2035 II-44-A Variable(2) $ 1,396,407.69 October 25, 2035 II-44-B Variable(2) $ 1,396,407.69 October 25, 2035 II-45-A Variable(2) $ 1,336,501.17 October 25, 2035 II-45-B Variable(2) $ 1,336,501.17 October 25, 2035 II-46-A Variable(2) $ 1,279,267.18 October 25, 2035 II-46-B Variable(2) $ 1,279,267.18 October 25, 2035 II-47-A Variable(2) $ 1,224,583.92 October 25, 2035 II-47-B Variable(2) $ 1,224,583.92 October 25, 2035 II-48-A Variable(2) $ 1,172,332.47 October 25, 2035 II-48-B Variable(2) $ 1,172,332.47 October 25, 2035 II-49-A Variable(2) $ 1,122,403.39 October 25, 2035 II-49-B Variable(2) $ 1,122,403.39 October 25, 2035 II-50-B Variable(2) $ 1,074,689.26 October 25, 2035 II-50-B Variable(2) $ 1,074,689.26 October 25, 2035 II-51-B Variable(2) $ 1,029,088.88 October 25, 2035 II-51-B Variable(2) $ 1,029,088.88 October 25, 2035 II-52-B Variable(2) $ 985,505.54 October 25, 2035 II-52-B Variable(2) $ 985,505.54 October 25, 2035 II-53-B Variable(2) $ 23,484,291.96 October 25, 2035 II-53-B Variable(2) $ 23,484,291.96 October 25, 2035 ______________________________________
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eleven classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the Uncertificated "REMIC I Pass-Through Remittance Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Balance Maturity Date (1) AA Variable(2------------- ------------------------ ---------------------- ---------------------- LT1 Variable(1) $ 395,429,412.86 September 171,500,107.40 December 25, 2035 A Variable(22030 LT2 Variable(1) $ 2,836,590.00 September 232,930.00 December 25, 2035 M-1 Variable(22030 LT3 Variable(1) $ 427,710.00 September 274,380.00 December 25, 2035 M-2 Variable(22030 LT4 Variable(1) $ 74,650.00 September 248,060.00 December 25, 2035 M-3 Variable(22030 LT5 Variable(1) $ 121,050.00 September 431,250.00 December 25, 2035 M-4 Variable(22030 LT6 Variable(1) $ 90,790.00 September 344,630.00 December 25, 2035 M-5 Variable(22030 LT7 Variable(1) $ 64,560.00 September 105,000.00 December 25, 2035 B-1 Variable(22030 LT8 Variable(1) $ 88,770.00 September 56,880.00 December 25, 2035 B-2 Variable(22030 LT9 Variable(1) $ 60,520.00 September 48,120.00 December 25, 2035 B-3 Variable(22030 LT10 Variable(1) $ 66,580.00 September 1,758,752.20 December 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2030
Appears in 1 contract
Samples: Custodial Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Hedge Agreements) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED ------------------- REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE Y-1 Variable(1) $ 395,429,412.86 September 200,003.28 March 25, 2035 A Variable(2Y-2 Variable(1) $ 2,836,590.00 September 199,996.21 March 25, 2035 M-1 Variable(2Z-1 Variable(1) $ 427,710.00 September $399,806,546.73 March 25, 2035 M-2 Variable(2Z-2 Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September $399,803,565.79 March 25, 2035 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC II Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC II (the "REMIC II Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC II Regular Interest shall be the Maturity Date. None of the REMIC II Regular Interests will be certificated. UNCERTIFICATED REMIC II INITIAL UNCERTIFICATED ------------------- REMIC II LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT1 Variable(1) $ 399,733,057.04 March 25, 2035 LT2 Variable(1) $ 6,512.13 March 25, 2035 LT3 0.00% $ 33,488.53 March 25, 2035 LT4 Variable(1) $ 33,488.53 March 25, 2035 LT5 Variable(1) $ 399,730,403.81 March 25, 2035 LT6 Variable(1) $ 6,839.23 March 25, 2035 LT7 0.00% $ 33,161.12 March 25, 2035 LT8 Variable(1) $ 33,161.12 March 25, 2035 LT-Y1(2) Variable(1) $ 200,003.28 March 25, 2035 LT-Y2(2) Variable(1) $ 199,996.21 March 25, 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Hedge Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina “REMIC”) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I.” The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the “Uncertificated REMIC I Pass-Through Rate, the ”) and initial Uncertificated Principal Balance and, for purposes each of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iiithe “regular interests” in REMIC I (the “REMIC I Regular Interests”), the . The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated DESIGNATION UNCERTIFICATED REMIC I PassPASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE INITIAL UNCERTIFICATED REMIC I PRINCIPAL BALANCE LATEST POSSIBLE MATURITY DATE LT1 LT2 LT3 LT4 Variable(1) AA Variable(2Variable(1) $ 395,429,412.86 September 25, 0.00% Variable(1) $408,467,962.79 $10,056.61 $30,797.35 $30,797.35 June 2035 A Variable(2) $ 2,836,590.00 September 25, June 2035 M-1 Variable(2) $ 427,710.00 September 25, June 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________June 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2005-Ks5 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage loan backed certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in forty-five classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans, Group II Loans, Group III Loans and Group IV Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the Uncertificated "REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the date set forth below. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I PassREGULAR INTEREST REMIC I PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date THROUGH UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION RATE PRINCIPAL BALANCE MATURITY DATE I-SUB 5.00% $394.55 June 2035 I-ZZZ 5.00% $196,708,088.73 June 2035 REMIC I A-I-IO Regular Interests (1) AA Variable(2(2) $ 395,429,412.86 September 25, June 2035 A Variable(2I-PO 0.00% $549,055.00 June 2035 II-SUB 5.25% $657.40 June 2035 II-ZZZ 5.25% $328,033,347.37 June 2035 II-PO 0.00% $626,019.00 June 2035 III-SUB 6.00% $354.89 June 2035 III-ZZZ 6.00% $176,913,686.51 June 2035 REMIC I A-III-IO Regular (1) $ 2,836,590.00 September 25, (2) June 2035 M-1 Variable(2Interests III-PO 0.00% $519,504.00 June 2035 IV-SUB 6.25% $255.33 June 2035 IV-ZZZ 6.25% $127,178,020.94 June 2035 REMIC I A-IV-IO Regular Interests (1) $ 427,710.00 September 25, (2) June 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, IV-PO 0.00% $462,578.00 June 2035 _______________________________________ (1) Calculated as provided in the definition of REMIC I Pass-Through Rate.
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Trust FundMortgage Loans and certain other related assets subject to this Agreement. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fundany Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Account and Account, the Interest Coverage Account, the Net WAC Rate Carryover Reserve Account and any Subsequent Mortgage Loan Interest) subject to this Agreement as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. .." The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation Section regulation section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date (1Date(1) AA ----------- --------------- ---------------------- ---------------- I-LT1 Variable(2) $ 395,429,412.86 September 676,249,848.46 July 25, 2035 A 2033 I-LTPF Variable(2) $ 2,836,590.00 September 223,750,051.54 July 25, 2035 M-1 Variable(22033 I-LTP Xxxxxxxx(0) $ 427,710.00 September 100.00 July 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2033
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Asset Back Pas THR Certs Ser 2003 5)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in nineteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (exclusive of the Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass- Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassLATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-A-1 Variable(1) $ 395,429,412.86 September 328,352,273.87 March 25, 2035 A Variable(22032 LT-A-2 Variable(1) $ 2,836,590.00 September 38,629,000.00 March 25, 2035 M-1 Variable(22032 LT-A-3 Variable(1) $ 427,710.00 September 19,315,000.00 March 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2032
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in thirty classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (exclusive of the Yield Maintenance Deposit Account and the Yield Maintenance Agreements) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the Uncertificated "REMIC I Pass-Through Rate, ") and the initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the date set forth below. None of the REMIC I Regular Interests will be certificated. Designation REMIC I Uncertificated REMIC I Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA Variable(2Adjustable(2) $ 395,429,412.86 September 180,014,411.26 May 25, 2035 A Variable(22044 A-I-1 Adjustable(2) $ 2,836,590.00 September 1,146,150 May 25, 2035 M-1 Variable(22044 A-I-2 Adjustable(2) $ 427,710.00 September 155,980 May 25, 2035 M-2 Variable(22044 A-I-3 Adjustable(2) $ 74,650.00 September 213,380 May 25, 2035 M-3 Variable(22044 M-I-1 Adjustable(2) $ 121,050.00 September 128,580 May 25, 2035 M-4 Variable(22044 M-I-2 Adjustable(2) $ 90,790.00 September 91,840 May 25, 2035 M-5 Variable(22044 M-I-3 Adjustable(2) $ 64,560.00 September 50,510 May 25, 2035 B-1 Variable(22044 M-I-4 Adjustable(2) $ 88,770.00 September 18,360 May 25, 2035 B-2 Variable(22044 M-I-5 Adjustable(2) $ 60,520.00 September 13,3770 May 25, 2035 B-3 Variable(22044 B-I-1 Adjustable(2)) $ 66,580.00 September 18,360 May 25, 2035 B-4 Variable(22044 ZZ Adjustable(2) $ 199,730.00 September 1,836,945.74 May 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2044
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2005-Sp2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eight classes (each, a "Class"), which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundFund (as defined herein), consisting primarily of the Mortgage Loans (as defined herein). On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC I (as defined herein) and subject to this Agreement as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as “"REMIC I”. I." The Uncertificated REMIC I Regular Interests (as defined herein) will be "regular interests" in REMIC I and the Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under the federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC Remic I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date (1Date(1) AA ----------- --------------- ---------------------- ---------------- LT-AY Variable(2) $ 395,429,412.86 September 25300,000,000.00 Xxxxx 00, 2035 A 0000 XX-XX Variable(2) $ 2,836,590.00 September 142,000,000.00 April 25, 2035 M-1 2028 LT-FY Variable(2) $ 427,710.00 September 101,700,000.00 April 25, 2035 M-2 2028 LT-FZ Variable(2) $ 74,650.00 September 11,300,000.00 April 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2028 --------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Southern Pacific Secured Assets Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans, Group II Loans, Group III Loans and Group IV Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the Uncertificated "REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the date set forth below. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassLATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date THROUGH RATE PRINCIPAL BALANCE MATURITY DATE A-I-PO 0.00% $1,002,822.79 December 25, 2031 I-SUB 7.00% $79.99 December 25, 2031 I- ZZZ 7.00% $33,766,913.36 December 25, 2031 II-SUB 6.50% $191.69 December 25, 2031 II-ZZZ 6.50% $82,443,664.28 December 25, 2031 III-SUB 7.50% $133.00 December 25, 2031 III-ZZZ 7.50% $56,881,873.94 December 25, 2031 IV-SUB 8.50% $107.29 December 25, 2031 IV-ZZZ 8.50% $45,943,832.54 December 25, 2031 A-PO 0.00% $2,481,188.52 December 25, 2031 REMIC I IO-I Regular (1) AA Variable(2(2) $ 395,429,412.86 September December 25, 2035 A Variable(22031 Interests REMIC I IO Regular (1) $ 2,836,590.00 September (2) December 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2031 Interests _______________________________________ (1) Calculated as provided in the definition of REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2004-Sl3 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Designation Rate Principal Balance Latest Possible Maturity Date (1I-1-A Variable(1) AA Variable(2$3,508,242.225 I-2-A Variable(1) $ 395,429,412.86 September 25, 2035 $5,142,221.255 I-3-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2$6,790,264.820 I-4-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(2$8,440,239.210 I-5-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(2$10,079,353.190 I-6-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(2$11,694,272.815 I-7-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(2$13,271,253.435 I-8-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(2$14,795,460.570 I-9-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(2$16,203,148.840 I-10-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(2$17,139,392.770 I-11-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(2$17,657,903.735 I-12-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(2$17,012,885.250 I-13-A Variable(1) $ 4,039,038.02 September 25, 2035 $16,391,072.010 I-14-A Variable(1) $15,792,247.075 I-15-A Variable(1) $15,215,552.550 I-16-A Variable(1) $14,660,162.795 I-17-A Variable(1) $14,125,283.205 I-18-A Variable(1) $13,610,149.040 I-19-A Variable(1) $13,123,521.755 I-20-A Variable(1) $12,682,750.125 I-21-A Variable(1) $14,469,173.560 I-22-A Variable(1) $20,922,912.195 I-23-A Variable(1) $19,409,039.605 I-24-A Variable(1) $17,980,837.165 I-25-A Variable(1) $16,671,626.535 I-26-A Variable(1) $14,301,213.280 I-27-A Variable(1) $9,593,930.600 I-28-A Variable(1) $9,183,143.625 I-29-A Variable(1) $8,792,703.190 I-30-A Variable(1) $8,418,955.455 I-31-A Variable(1) $8,062,188.765 I-32-A Variable(1) $7,721,069.690 I-33-A Variable(1) $7,394,893.840 I-34-A Variable(1) $7,082,959.720 I-35-A Variable(1) $6,783,285.065 I-36-A Variable(1) $6,494,508.680 I-37-A Variable(1) $6,222,148.245 I-38-A Variable(1) $5,961,639.485 I-39-A Variable(1) $5,712,452.800 I-40-A Variable(1) $5,474,081.570 I-41-A Variable(1) $5,245,943.850 I-42-A Variable(1) $5,027,555.430 I-43-A Variable(1) $4,818,855.600 I-44-A Variable(1) $4,619,167.880 I-45-A Variable(1) $4,428,091.705 I-46-A Variable(1) $4,245,240.560 I-47-A Variable(1) $4,070,184.605 I-48-A Variable(1) $3,902,673.115 I-49-A Variable(1) $3,742,398.890 I-50-A Variable(1) $3,588,988.925 I-51-A Variable(1) $3,442,139.855 I-52-A Variable(1) $3,301,561.655 I-53-A Variable(1) $3,166,978.580 I-54-A Variable(1) $3,038,126.100 I-55-A Variable(1) $2,914,752.000 I-56-A Variable(1) $2,796,615.470 I-57-A Variable(1) $2,683,485.370 I-58-A Variable(1) $2,575,143.910 I-59-A Variable(1) $2,472,802.365 I-60-A Variable(1) $62,331,230.720 I-1-B Variable(1) $3,508,242.225 I-2-B Variable(1) $5,142,221.255 I-3-B Variable(1) $6,790,264.820 I-4-B Variable(1) $8,440,239.210 I-5-B Variable(1) $10,079,353.190 I-6-B Variable(1) $11,694,272.815 I-7-B Variable(1) $13,271,253.435 I-8-B Variable(1) $14,795,460.570 I-9-B Variable(1) $16,203,148.840 I-10-B Variable(1) $17,139,392.770 I-11-B Variable(1) $17,657,903.735 I-12-B Variable(1) $17,012,885.250 I-13-B Variable(1) $16,391,072.010 I-14-B Variable(1) $15,792,247.075 I-15-B Variable(1) $15,215,552.550 I-16-B Variable(1) $14,660,162.795 I-17-B Variable(1) $14,125,283.205 I-18-B Variable(1) $13,610,149.040 I-19-B Variable(1) $13,123,521.755 I-20-B Variable(1) $12,682,750.125 I-21-B Variable(1) $14,469,173.560 I-22-B Variable(1) $20,922,912.195 I-23-B Variable(1) $19,409,039.605 I-24-B Variable(1) $17,980,837.165 I-25-B Variable(1) $16,671,626.535 I-26-B Variable(1) $14,301,213.280 I-27-B Variable(1) $9,593,930.600 I-28-B Variable(1) $9,183,143.625 I-29-B Variable(1) $8,792,703.190 I-30-B Variable(1) $8,418,955.455 I-31-B Variable(1) $8,062,188.765 I-32-B Variable(1) $7,721,069.690 I-33-B Variable(1) $7,394,893.840 I-34-B Variable(1) $7,082,959.720 I-35-B Variable(1) $6,783,285.065 I-36-B Variable(1) $6,494,508.680 I-37-B Variable(1) $6,222,148.245 I-38-B Variable(1) $5,961,639.485 I-39-B Variable(1) $5,712,452.800 I-40-B Variable(1) $5,474,081.570 I-41-B Variable(1) $5,245,943.850 I-42-B Variable(1) $5,027,555.430 I-43-B Variable(1) $4,818,855.600 I-44-B Variable(1) $4,619,167.880 I-45-B Variable(1) $4,428,091.705 I-46-B Variable(1) $4,245,240.560 I-47-B Variable(1) $4,070,184.605 I-48-B Variable(1) $3,902,673.115 I-49-B Variable(1) $3,742,398.890 I-50-B Variable(1) $3,588,988.925 I-51-B Variable(1) $3,442,139.855 I-52-B Variable(1) $3,301,561.655 I-53-B Variable(1) $3,166,978.580 I-54-B Variable(1) $3,038,126.100 I-55-B Variable(1) $2,914,752.000 I-56-B Variable(1) $2,796,615.470 I-57-B Variable(1) $2,683,485.370 I-58-B Variable(1) $2,575,143.910 I-59-B Variable(1) $2,472,802.365 I-60-B Variable(1) $62,331,230.720 I Variable(1) $103,871.853 II Variable(1) $19,542.545 A-I Variable(1) $41,220,408.792 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2006-Ks9 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in seven Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account, the Swap Agreement and the SB-A Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina “REMIC”) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The I.” Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the “Uncertificated REMIC I Pass-Through Rate, the ”) and initial Uncertificated Principal Balance and, for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”). The “latest possible maturity date” (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2I-1-A Variable(1) $ 395,429,412.86 September 25, 2035 8,816,250.440 I-2-A Variable(2Variable(1) $10,063,326.490 I-3-A Variable(1) $11,261,846.965 I-4-A Variable(1) $12,308,021.085 I-5-A Variable(1) $13,149,518.170 I-6-A Variable(1) $13,799,220.295 I-7-A Variable(1) $13,250,837.850 I-8-A Variable(1) $12,642,761.470 I-9-A Variable(1) $12,058,856.110 I-10-A Variable(1) $11,502,269.140 I-11-A Variable(1) $10,971,709.350 I-12-A Variable(1) $10,465,947.015 I-13-A Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(29,983,810.995 I-14-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(29,526,655.255 I-15-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(29,104,937.495 I-16-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(29,064,832.285 I-17-A Variable(1) $17,505,133.585 I-18-A Variable(1) $91,921,463.245 I-19-A Variable(1) $10,537,350.260 I-20-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(23,566,421.465 I-21-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(23,129,069.105 I-22-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(22,368,254.440 I-23-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(22,225,082.620 I-24-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(22,117,195.725 I-25-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(22,024,563.260 I-26-A Variable(1) $ 4,039,038.02 September 25, 2035 1,936,282.160 I-27-A Variable(1) $ 1,865,106.650 I-28-A Variable(1) $ 1,830,385.510 I-29-A Variable(1) $ 2,332,080.030 I-30-A Variable(1) $ 670,297.145 I-31-A Variable(1) $ 646,396.405 I-32-A Variable(1) $ 623,352.240 I-33-A Variable(1) $ 601,133.595 I-34-A Variable(1) $ 579,710.560 I-35-A Variable(1) $ 559,054.340 I-36-A Variable(1) $ 539,137.195 I-37-A Variable(1) $ 519,932.410 I-38-A Variable(1) $ 520,438.120 I-39-A Variable(1) $ 509,786.740 I-40-A Variable(1) $ 5,547,502.135 I-1-B Variable(1) $ 8,816,250.440 I-2-B Variable(1) $10,063,326.490 I-3-B Variable(1) $11,261,846.965 I-4-B Variable(1) $12,308,021.085 I-5-B Variable(1) $13,149,518.170 I-6-B Variable(1) $13,799,220.295 I-7-B Variable(1) $13,250,837.850 I-8-B Variable(1) $12,642,761.470 I-9-B Variable(1) $12,058,856.110 I-10-B Variable(1) $11,502,269.140 I-11-B Variable(1) $10,971,709.350 I-12-B Variable(1) $10,465,947.015 I-13-B Variable(1) $ 9,983,810.995 I-14-B Variable(1) $ 9,526,655.255 I-15-B Variable(1) $ 9,104,937.495 I-16-B Variable(1) $ 9,064,832.285 I-17-B Variable(1) $17,505,133.585 I-18-B Variable(1) $91,921,463.245 I-19-B Variable(1) $10,537,350.260 I-20-B Variable(1) $ 3,566,421.465 I-21-B Variable(1) $ 3,129,069.105 I-22-B Variable(1) $ 2,368,254.440 I-23-B Variable(1) $ 2,225,082.620 I-24-B Variable(1) $ 2,117,195.725 I-25-B Variable(1) $ 2,024,563.260 I-26-B Variable(1) $ 1,936,282.160 I-27-B Variable(1) $ 1,865,106.650 I-28-B Variable(1) $ 1,830,385.510 I-29-B Variable(1) $ 2,332,080.030 I-30-B Variable(1) $ 670,297.145 I-31-B Variable(1) $ 646,396.405 I-32-B Variable(1) $ 623,352.240 I-33-B Variable(1) $ 601,133.595 I-34-B Variable(1) $ 579,710.560 I-35-B Variable(1) $ 559,054.340 I-36-B Variable(1) $ 539,137.195 I-37-B Variable(1) $ 519,932.410 I-38-B Variable(1) $ 520,438.120 I-39-B Variable(1) $ 509,786.740 I-40-B Variable(1) $ 5,547,502.135 I Variable(1) $ 39,571.931 II Variable(1) $ 35,331.009 A-I Variable(1) $83,662,636.590 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II.” Component II of the Class R Certificates will represent the sole Class of “residual interests” in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the “Uncertificated REMIC II Pass Through Rate”) and initial Uncertificated Principal Balance for each of the “regular interests” in REMIC II (the “REMIC II Regular Interests”). The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC II Regular Interest shall be the Maturity Date. None of the REMIC II Regular Interests will be certificated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2007-Emx1 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account, the Swap Agreement and the SB-AM Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE I-1-A Variable(1) AA Variable(2$7,720,500.00 I-2-A Variable(1) $ 395,429,412.86 September 25, 2035 $9,985,500.00 I-3-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2$12,246,500.00 I-4-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(2$14,546,500.00 I-5-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(2$16,704,500.00 I-6-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(2$18,749,500.00 I-7-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(2$20,693,000.00 I-8-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(2$22,232,500.00 I-9-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(2$23,227,000.00 I-10-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(2$23,490,500.00 I-11-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(2$22,459,500.00 I-12-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(2$21,431,000.00 I-13-A Variable(1) $ 4,039,038.02 September 25, 2035 $20,458,000.00 I-14-A Variable(1) $19,601,500.00 I-15-A Variable(1) $18,620,000.00 I-16-A Variable(1) $17,796,000.00 I-17-A Variable(1) $17,186,000.00 I-18-A Variable(1) $16,509,000.00 I-19-A Variable(1) $18,272,500.00 I-20-A Variable(1) $23,524,000.00 I-21-A Variable(1) $71,462,000.00 I-22-A Variable(1) $101,329,000.00 I-23-A Variable(1) $2,918,500.00 I-24-A Variable(1) $3,884,500.00 I-25-A Variable(1) $3,730,000.00 I-26-A Variable(1) $3,544,500.00 I-27-A Variable(1) $3,389,500.00 I-28-A Variable(1) $3,242,000.00 I-29-A Variable(1) $5,483,000.00 I-30-A Variable(1) $4,817,000.00 I-31-A Variable(1) $10,199,500.00 I-32-A Variable(1) $2,930,500.00 I-33-A Variable(1) $1,940,500.00 I-34-A Variable(1) $1,814,000.00 I-35-A Variable(1) $1,749,000.00 I-36-A Variable(1) $1,686,500.00 I-37-A Variable(1) $1,626,000.00 I-38-A Variable(1) $1,568,000.00 I-39-A Variable(1) $1,512,000.00 I-40-A Variable(1) $1,457,500.00 I-41-A Variable(1) $1,406,000.00 I-42-A Variable(1) $1,355,500.00 I-43-A Variable(1) $1,307,000.00 I-44-A Variable(1) $1,260,500.00 I-45-A Variable(1) $1,215,500.00 I-46-A Variable(1) $32,844,500.00 I-1-B Variable(1) $7,720,500.00 I-2-B Variable(1) $9,985,500.00 I-3-B Variable(1) $12,246,500.00 I-4-B Variable(1) $14,546,500.00 I-5-B Variable(1) $16,704,500.00 I-6-B Variable(1) $18,749,500.00 I-7-B Variable(1) $20,693,000.00 I-8-B Variable(1) $22,232,500.00 I-9-B Variable(1) $23,227,000.00 I-10-B Variable(1) $23,490,500.00 I-11-B Variable(1) $22,459,500.00 I-12-B Variable(1) $21,431,000.00 I-13-B Variable(1) $20,458,000.00 I-14-B Variable(1) $19,601,500.00 I-15-B Variable(1) $18,620,000.00 I-16-B Variable(1) $17,796,000.00 I-17-B Variable(1) $17,186,000.00 I-18-B Variable(1) $16,509,000.00 I-19-B Variable(1) $18,272,500.00 I-20-B Variable(1) $23,524,000.00 I-21-B Variable(1) $71,462,000.00 I-22-B Variable(1) $101,329,000.00 I-23-B Variable(1) $2,918,500.00 I-24-B Variable(1) $3,884,500.00 I-25-B Variable(1) $3,730,000.00 I-26-B Variable(1) $3,544,500.00 I-27-B Variable(1) $3,389,500.00 I-28-B Variable(1) $3,242,000.00 I-29-B Variable(1) $5,483,000.00 I-30-B Variable(1) $4,817,000.00 I-31-B Variable(1) $10,199,500.00 I-32-B Variable(1) $2,930,500.00 I-33-B Variable(1) $1,940,500.00 I-34-B Variable(1) $1,814,000.00 I-35-B Variable(1) $1,749,000.00 I-36-B Variable(1) $1,686,500.00 I-37-B Variable(1) $1,626,000.00 I-38-B Variable(1) $1,568,000.00 I-39-B Variable(1) $1,512,000.00 I-40-B Variable(1) $1,457,500.00 I-41-B Variable(1) $1,406,000.00 I-42-B Variable(1) $1,355,500.00 I-43-B Variable(1) $1,307,000.00 I-44-B Variable(1) $1,260,500.00 I-45-B Variable(1) $1,215,500.00 I-46-B Variable(1) $32,844,500.00 I Variable(1) $111,451.806 II Variable(1) $22,054.273 A-I Variable(1) $64,675,284.511 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2007-Ks3 Trust)
PRELIMINARY STATEMENT. The Depositor is In order to facilitate the owner servicing of certain Home Improvement Loans by the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing DateServicer, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing DateRepresentative, the Depositor will sell Servicer, the Initial Mortgage Originators and the Claims Administrator are entering into this Agreement with the Trustee. The Originators are selling the Home Improvement Loans and certain other property to the Trust Fund and receive amounts on deposit in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account to the Trustee for the benefit of the Certificateholders, pursuant to which nine (9) classes of Certificates are being issued, denominated on the face thereof as The Money Store Home Improvement Loan Certificates, Series 1997-II, Class A-1, Class A-2, Class A-3, Class M-1, Class M-2, Class B, Class X, Class R-1 xxx Xxxxx X-0, respectively, representing in the aggregate a 100% undivided ownership interest in the Home Improvement Loans and amounts on deposit in the Pre-Funding Account. The Initial Home Improvement Loans have an aggregate outstanding principal balance of $208,709,421.65 (which gives effect to the discounts on the Low Interest Home Improvement Loans of $0) as of May 31, 1997, except for those Initial Home Improvement Loans originated after May 31, 1997 and delivered to the Trustee on the Closing Date as to which the aggregate outstanding principal balance shall be as of the date of the related Mortgage Note (the "Cut-Off Date"), after application of payments received by the Originators on or before such date, and the original Pre-Funded Amount equals $41,290,578.35. Except for the Low Interest Coverage Account) as Home Improvement Loans, each Initial Home Improvement Loan has, and each Subsequent Home Improvement Loan will have, a Home Improvement Loan Interest Rate in excess of the Adjusted Home Improvement Loan Remittance Rate of each Class of Certificates. As provided herein, two separate REMIC (as defined herein) elections will be made in connection with the assets constituting each of REMIC I and REMIC II for federal income tax purposes. On the Startup Day, and such segregated pool all the Classes of assets REMIC II Regular Certificates will be designated as “"regular interests" in REMIC I”. The II and the Class R-1 R-2 Certificates will be designated the sole single class of Residual Interests (as defined herein) "residual interests" in such REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth On the designationStartup Day, all the Uncertificated Classes of Certificates except for the Class R-1 and Class R-2 Certificates will be designated "regular interests" in REMIC I Pass-Through Rate, and the initial Uncertificated Principal Balance and, Class R-1 Certificates will be designated the single class of "residual interests" in such REMIC for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (Provisions. The parties hereto agree as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Money Store Home Equity Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassLATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-A-1 Variable(1) AA Variable(2$83,030,881 November 25, 2032 LT-A-2 Xxxxxble(1) $ 395,429,412.86 September 5,500,000 November 25, 2035 A Variable(22032 LT-A-3 Variable(1) $32,800,000 November 25, 2032 LT-A-4 Xxxxxble(1) $30,400,000 November 25, 2032 LT-A-5 Xxxxxble(1) $28,100,000 November 25, 2032 LT-A-6 Xxxxxble(1) $26,000,000 November 25, 2032 LT-A-7 Xxxxxble(1) $ 2,836,590.00 September 8,900,000 November 25, 2035 M-1 Variable(22032 LT-A-8 Variable(1) $ 427,710.00 September 6,700,000 November 25, 2035 M-2 Variable(22032 LT-A-9 Variable(1) $ 74,650.00 September $23,000,000 November 25, 2035 M-3 Variable(22032 LT-A-10 Variable(1) $ 121,050.00 September $21,200,000 November 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2032
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eighteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated Initial Uncertificated REMIC I REMIC I Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1LT1 Variable(1) AA Variable(2) $ 395,429,412.86 September $204,963,186.45 January 25, 2035 A Variable(2LT2 Variable(1) $ 2,836,590.00 September 4,183.45 January 25, 2035 M-1 Variable(2LT3 Variable(1) $ 427,710.00 September 16,316.55 January 25, 2035 M-2 Variable(2LT4 Variable(1) $ 74,650.00 September 16,316.55 January 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2035
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eighteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE I-1-A Variable(1) $ 395,429,412.86 September 25, 2035 5,328,999.97 April 2036 I-2-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(27,272,958.85 April 2036 I-3-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(29,225,640.45 April 2036 I-4-A Variable(1) $11,171,531.345 April 2036 I-5-A Variable(1) $13,086,909.615 April 2036 I-6-A Variable(1) $14,942,027.17 April 2036 I-7-A Variable(1) $16,722,224.045 April 2036 I-8-A Variable(1) $18,362,427.385 April 2036 I-9-A Variable(1) $19,484,018.435 April 2036 I-10-A Variable(1) $20,148,326.86 April 2036 I-11-A Variable(1) $20,362,987.82 April 2036 I-12-A Variable(1) $19,493,769.84 April 2036 I-13-A Variable(1) $18,577,256.375 April 2036 I-14-A Variable(1) $17,703,184.385 April 2036 I-15-A Variable(1) $16,903,623.08 April 2036 I-16-A Variable(1) $16,207,765.265 April 2036 I-17-A Variable(1) $15,495,054.155 April 2036 I-18-A Variable(1) $14,936,769.395 April 2036 I-19-A Variable(1) $14,792,764.685 April 2036 I-20-A Variable(1) $16,201,590.77 April 2036 I-21-A Variable(1) $17,504,363.835 April 2036 I-22-A Variable(1) $22,743,014.94 April 2036 I-23-A Variable(1) $20,896,101.725 April 2036 I-24-A Variable(1) $18,470,324.545 April 2036 I-25-A Variable(1) $15,603,781.395 April 2036 I-26-A Variable(1) $13,003,063.23 April 2036 I-27-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(28,835,486.37 April 2036 I-28-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(28,059,179.12 April 2036 I-29-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(27,611,513.835 April 2036 I-30-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(25,865,245.605 April 2036 I-31-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(26,102,103.46 April 2036 I-32-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(25,765,677.61 April 2036 I-33-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(25,448,383.495 April 2036 I-34-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(25,149,153.21 April 2036 I-35-A Variable(1) $ 4,039,038.02 September 25, 2035 4,866,414.355 April 2036 I-36-A Variable(1) $ 4,600,172.885 April 2036 I-37-A Variable(1) $ 4,349,252.905 April 2036 I-38-A Variable(1) $ 4,112,513.00 April 2036 I-39-A Variable(1) $ 3,889,143.465 April 2036 I-40-A Variable(1) $ 3,678,382.375 April 2036 I-41-A Variable(1) $ 3,479,484.72 April 2036 I-42-A Variable(1) $ 3,291,773.635 April 2036 I-43-A Variable(1) $ 3,114,602.58 April 2036 I-44-A Variable(1) $ 2,983,028.63 April 2036 I-45-A Variable(1) $55,070,509.18 April 2036 I-1-B Variable(1) $ 5,328,999.97 April 2036 I-2-B Variable(1) $ 7,272,958.85 April 2036 I-3-B Variable(1) $ 9,225,640.45 April 2036 I-4-B Variable(1) $11,171,531.345 April 2036 I-5-B Variable(1) $13,086,909.615 April 2036 I-6-B Variable(1) $14,942,027.17 April 2036 I-7-B Variable(1) $16,722,224.045 April 2036 I-8-B Variable(1) $18,362,427.385 April 2036 I-9-B Variable(1) $19,484,018.435 April 2036 I-10-B Variable(1) $20,148,326.86 April 2036 I-11-B Variable(1) $20,362,987.82 April 2036 I-12-B Variable(1) $19,493,769.84 April 2036 I-13-B Variable(1) $18,577,256.375 April 2036 I-14-B Variable(1) $17,703,184.385 April 2036 I-15-B Variable(1) $16,903,623.08 April 2036 I-16-B Variable(1) $16,207,765.265 April 2036 I-17-B Variable(1) $15,495,054.155 April 2036 I-18-B Variable(1) $14,936,769.395 April 2036 I-19-B Variable(1) $14,792,764.685 April 2036 I-20-B Variable(1) $16,201,590.77 April 2036 I-21-B Variable(1) $17,504,363.835 April 2036 I-22-B Variable(1) $22,743,014.94 April 2036 I-23-B Variable(1) $20,896,101.725 April 2036 I-24-B Variable(1) $18,470,324.545 April 2036 I-25-B Variable(1) $15,603,781.395 April 2036 I-26-B Variable(1) $13,003,063.23 April 2036 I-27-B Variable(1) $ 8,835,486.37 April 2036 I-28-B Variable(1) $ 8,059,179.12 April 2036 I-29-B Variable(1) $ 7,611,513.835 April 2036 I-30-B Variable(1) $ 5,865,245.605 April 2036 I-31-B Variable(1) $ 6,102,103.46 April 2036 I-32-B Variable(1) $ 5,765,677.61 April 2036 I-33-B Variable(1) $ 5,448,383.495 April 2036 I-34-B Variable(1) $ 5,149,153.21 April 2036 I-35-B Variable(1) $ 4,866,414.355 April 2036 I-36-B Variable(1) $ 4,600,172.885 April 2036 I-37-B Variable(1) $ 4,349,252.905 April 2036 I-38-B Variable(1) $ 4,112,513.00 April 2036 I-39-B Variable(1) $ 3,889,143.465 April 2036 I-40-B Variable(1) $ 3,678,382.375 April 2036 I-41-B Variable(1) $ 3,479,484.72 April 2036 I-42-B Variable(1) $ 3,291,773.635 April 2036 I-43-B Variable(1) $ 3,114,602.58 April 2036 I-44-B Variable(1) $ 2,983,028.63 April 2036 I-45-B Variable(1) $55,070,509.18 April 2036 I Variable(1) $ 84,895.83 April 2036 II Variable(1) $ 30,104.17 April 2036 A-I Variable(1) $28,060,001.77 April 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2006-Ks3 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED ------------------- REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-1 Variable(1) $ 395,429,412.86 September 499,914,926.83 March 25, 2035 A Variable(22036 LT-2 Variable(1) $ 2,836,590.00 September 14,803.86 March 25, 2035 M-1 Variable(22036 LT-3 0.00% $ 35,196.16 Xxxxx 00, 0036 LT-4 Variable(1) $ 427,710.00 September 35,196.16 March 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC II. The Class R-II Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, month of Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC II Regular Interests shall be the Maturity Date. Month of Final Aggregate Initial Scheduled Pass-Through Certificate Distribution Designation Type Rate Principal Balance Features Date S&P Moody's Class A-1 Regular(1) Adjustable(2)(3)$211,369,000.00 Senior/Axxxxxxxle September 2027 AAA Aaa Rate Class A-2 Regular(1) Adjustable(2)(3)$131,402,000.00 Senior/Adjustable February 2034 AAA Aaa Rate Class A-3 Regular(1) Adjustable(2)(3)$49,479,000.00 Senior/Adjustable March 2036 AAA Aaa Rate Class M-1 Regular(1) Adjustable(2)(3)$19,000,000.00 Mezzanine/Adjustable March 2036 AA+ Aa1 Rate Class M-2 Regular(1) Adjustable(2)(3)$17,250,000.00 Mezzanine/Adjustable March 2036 AA+ Aa2 Rate Class M-3 Regular(1) Adjustable(2)(3)$9,750,000.00 Mezzanine/Adjustable March 2036 AA Aa3 Rate Class M-4 Regular(1) Adjustable(2)(3)$9,000,000.00 Mezzanine/Adjustable March 2036 AA A1 Rate Class M-5 Regular(1) Adjustable(2)(3)$8,750,000.00 Mezzanine/Adjustable March 2036 A+ A2 Rate Class M-6 Regular(1) Adjustable(2)(3)$8,250,000.00 Mezzanine/Adjustable March 2036 A A3 Rate Class M-7 Regular(1) Adjustable(2)(3)$7,750,000.00 Mezzanine/Adjustable March 2036 A- Baa1 Xxxx Class M-8 Regular(1) Adjustable(2)(3)$6,750,000.00 Mezzanine/Adjustable March 2036 BBB+ Baa2 Rate Class M-9 Regular(1) Adjustable(2)(3)$5,000,000.00 Mezzanine/Adjustable March 2036 BBB Baa3 Rate Class SB Regular (4) $16,250,122.59 Subordinate March 2036 N/R N/R (4)
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rz1 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundFund created hereunder. On or prior to any Subsequent Transfer DateThe Certificates will consist of four classes of certificates, designated as (i) the Depositor acquired Class A Certificates, (ii) the Subsequent Mortgage LoansClass S Certificates, which will be sold to (iii) the Trust on Class P Certificates and (iv) the related Subsequent Transfer DateClass R Certificates. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, exclusive of the Pre-Funding Account and Account, the Interest Coverage Account, the Reserve Funds, the Yield Maintenance Agreement and the Initial Deposit Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates R-I Interest will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the Uncertificated REMIC I Regular Interests (as defined herein)Interests. None of the Uncertificated REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Assumed Final Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA ------------------- -------------------------------- ----------------------------- ----------------- LTA Variable(2) $ 395,429,412.86 September 25, 2035 A $134,999,900.00 December 2029 LTB Variable(2) $ 2,836,590.00 September 25, 2035 M-1 $15,000,000.00 December 0000 XXX Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________$100.00 December 2029
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Option One Mort Ln Tr 1999-3 Asset Backed Cert Ser 1999-3)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (excluding the Carryover Shortfall Reserve Fund, the Supplemental Loan Account and the Capitalized Interest Account) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates R-I Residual Interest will be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2LT1 Variable (2) $ 395,429,412.86 September $566,564,428.22 April 25, 2035 A Variable(22036 LT1PF Variable (2) $ 2,836,590.00 September $9,557,396.18 Axxxx 00, 0000 XXX Variable (2) $100.00 April 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Luminent Mortgage Trust 2006-1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Net WAC Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I.” The Class R-1 Certificates will be represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. < p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:justify;'> Designation Initial Uncertificated Principal Balance Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA $ 322,442,564.39 Variable(2) $ 395,429,412.86 September October 25, 2035 A A-1 $ 550,000.00 Variable(2) October 25, 2035 A-2 $ 2,836,590.00 September 250,000.00 Variable(2) October 25, 2035 A-3 $ 750,000.00 Variable(2) October 25, 2035 A-4 $ 1,022,960.00 Variable(2) October 25, 2035 M-1 $ 187,550.00 Variable(2) $ 427,710.00 September October 25, 2035 M-2 $ 171,090.00 Variable(2) $ 74,650.00 September October 25, 2035 M-3 $ 65,800.00 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September October 25, 2035 B-1 $ 65,800.00 Variable(2) $ 88,770.00 September October 25, 2035 B-2 $ 69,090.00 Variable(2) $ 60,520.00 September October 25, 2035 B-3 $ 59,220.00 Variable(2) $ 66,580.00 September October 25, 2035 B-4 $ 75,680.00 Variable(2) $ 199,730.00 September October 25, 2035 ZZ $ 3,313,270.50 Variable(2) October 25, 2035 P $ 4,039,038.02 September 100.00 0.00% October 25, 2035 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac7)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell asset-backed certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in twelve Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust, the Swap Agreement and the X-AMB Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated REMIC I Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2I-1-A Variable(1) $ 395,429,412.86 September 25, 2035 5,635,821.00 I-2-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(22,849,360.50 I-3-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(25,071,655.00 I-4-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(24,803,769.00 I-5-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(27,045,355.50 I-6-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(26,796,080.00 I-7-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(26,555,619.00 I-8-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(26,323,661.00 I-9-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(26,099,906.00 I-10-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(25,884,063.50 I-11-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(25,675,854.00 I-12-A Variable(1) $ 4,039,038.02 September 25, 2035 5,475,007.50 I-13-A Variable(1) $ 5,281,264.50 I-14-A Variable(1) $ 5,094,373.50 I-15-A Variable(1) $ 4,914,091.00 I-16-A Variable(1) $ 4,740,186.00 I-17-A Variable(1) $ 4,572,430.50 I-18-A Variable(1) $ 4,410,609.00 I-19-A Variable(1) $ 4,254,510.50 I-20-A Variable(1) $ 10,345,827.00 I-72-A Variable(1) $ 245,943.50 I-73-A Variable(1) $ 237,224.00 I-74-A Variable(1) $ 228,812.50 I-75-A Variable(1) $ 220,700.00 I-76-A Variable(1) $ 212,865.50 I-77-A Variable(1) $ 205,318.00 I-78-A Variable(1) $ 198,037.50 I-79-A Variable(1) $ 191,015.50 I-80-A Variable(1) $ 4,736,041.00 I-1-B Variable(1) $ 5,635,821.00 I-2-B Variable(1) $ 2,849,360.50 I-3-B Variable(1) $ 5,071,655.00 I-4-B Variable(1) $ 4,803,769.00 I-5-B Variable(1) $ 7,045,355.50 I-6-B Variable(1) $ 6,796,080.00 I-7-B Variable(1) $ 6,555,619.00 I-8-B Variable(1) $ 6,323,661.00 I-9-B Variable(1) $ 6,099,906.00 I-10-B Variable(1) $ 5,884,063.50 I-11-B Variable(1) $ 5,675,854.00 I-12-B Variable(1) $ 5,475,007.50 I-13-B Variable(1) $ 5,281,264.50 I-14-B Variable(1) $ 5,094,373.50 I-15-B Variable(1) $ 4,914,091.00 I-16-B Variable(1) $ 4,740,186.00 I-17-B Variable(1) $ 4,572,430.50 I-18-B Variable(1) $ 4,410,609.00 I-19-B Variable(1) $ 4,254,510.50 I-20-B Variable(1) $ 10,345,827.00 I-21-B Variable(1) $ 3,733,714.00 I-22-B Variable(1) $ 3,601,588.50 I-23-B Variable(1) $ 3,474,136.00 I-24-B Variable(1) $ 3,351,191.00 I-25-B Variable(1) $ 3,232,594.50 I-26-B Variable(1) $ 3,118,192.00 I-27-B Variable(1) $ 3,007,836.50 I-28-B Variable(1) $ 2,901,383.50 I-29-B Variable(1) $ 2,798,696.50 I-30-B Variable(1) $ 2,699,641.50 I-31-B Variable(1) $ 4,388,260.00 I-32-B Variable(1) $ 2,447,089.50 I-33-B Variable(1) $ 2,360,482.50 I-34-B Variable(1) $ 2,276,940.00 I-35-B Variable(1) $ 2,196,352.00 I-36-B Variable(1) $ 2,118,614.50 I-37-B Variable(1) $ 1,726,657.00 I-38-B Variable(1) $ 1,971,287.50 I-39-B Variable(1) $ 1,901,510.50 I-40-B Variable(1) $ 1,834,203.00 I-41-B Variable(1) $ 1,769,276.00 I-42-B Variable(1) $ 1,706,645.50 I-43-B Variable(1) $ 1,646,231.00 I-44-B Variable(1) $ 1,587,954.00 I-45-B Variable(1) $ 1,531,738.00 I-46-B Variable(1) $ 1,477,511.50 I-47-B Variable(1) $ 1,425,203.50 I-48-B Variable(1) $ 1,374,745.50 I-49-B Variable(1) $ 1,326,073.50 I-50-B Variable(1) $ 1,279,118.50 I-51-B Variable(1) $ 1,233,847.00 I-52-B Variable(1) $ 1,190,202.00 I-53-B Variable(1) $ 1,148,057.50 I-54-B Variable(1) $ 1,107,405.00 I-55-B Variable(1) $ 1,068,190.00 I-56-B Variable(1) $ 16,552,371.50 I-57-B Variable(1) $ 422,574.50 I-58-B Variable(1) $ 407,641.50 I-59-B Variable(1) $ 393,194.00 I-60-B Variable(1) $ 379,258.00 I-61-B Variable(1) $ 365,815.50 I-62-B Variable(1) $ 352,849.00 I-63-B Variable(1) $ 340,342.00 I-64-B Variable(1) $ 328,277.50 I-65-B Variable(1) $ 316,641.00 I-66-B Variable(1) $ 305,416.50 I-67-B Variable(1) $ 294,589.50 I-68-B Variable(1) $ 284,146.00 I-69-B Variable(1) $ 274,073.00 I-70-B Variable(1) $ 264,356.00 I-71-B Variable(1) $ 254,984.00 I-72-B Variable(1) $ 245,943.50 I-73-B Variable(1) $ 237,224.00 I-74-B Variable(1) $ 228,812.50 I-75-B Variable(1) $ 220,700.00 I-76-B Variable(1) $ 212,865.50 I-77-B Variable(1) $ 205,318.00 I-78-B Variable(1) $ 198,037.50 I-79-B Variable(1) $ 191,015.50 I-80-B Variable(1) $ 4,736,041.00 A-I Variable(1) $ 27,992,870.24 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2006-Alt1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing aggregate shall evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund shall consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will shall elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carryover Reserve Account, the Swap Account and the Interest Rate Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will shall be designated as “REMIC I”. I.” The Class R-1 Certificates will R-I Interest shall be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will shall be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA I Variable(2) $ 395,429,412.86 September 996.25 May 25, 2035 I-1-A Variable(2) $ 2,836,590.00 September 5,196,212.40 May 25, 2035 M-1 I-1-B Variable(2) $ 427,710.00 September 5,196,212.40 May 25, 2035 M-2 I-2-B Variable(2) $ 74,650.00 September 6,677,768.27 May 25, 2035 M-3 I-3-B Variable(2) $ 121,050.00 September 8,156,429.84 May 25, 2035 M-4 I-4-B Variable(2) $ 90,790.00 September 9,620,941.19 May 25, 2035 M-5 I-5-A Variable(2) $ 64,560.00 September 11,059,387.37 May 25, 2035 B-1 I-5-B Variable(2) $ 88,770.00 September 11,059,387.37 May 25, 2035 B-2 I-6-A Variable(2) $ 60,520.00 September 12,459,662.12 May 25, 2035 B-3 I-6-B Variable(2) $ 66,580.00 September 12,459,662.12 May 25, 2035 B-4 I-7-B Variable(2) $ 199,730.00 September 13,808,542.20 May 25, 2035 ZZ I-8-B Variable(2) $ 4,039,038.02 September 15,090,716.22 May 25, 2035 I-9-A Variable(2) $ 16,273,206.57 May 25, 2035 I-9-B Variable(2) $ 16,273,206.57 May 25, 2035 I-10-B Variable(2) $ 17,043,712.08 May 25, 2035 I-11-A Variable(2) $ 17,616,927.36 May 25, 2035 I-11-B Variable(2) $ 17,616,927.36 May 25, 2035 I-12-A Variable(2) $ 16,897,901.49 May 25, 2035 I-12-B Variable(2) $ 16,897,901.49 May 25, 2035 I-13-B Variable(2) $ 16,208,063.01 May 25, 2035 I-14-A Variable(2) $ 15,546,696.30 May 25, 2035 I-14-B Variable(2) $ 15,546,696.30 May 25, 2035 I-15-A Variable(2) $ 14,912,613.95 May 25, 2035 I-15-B Variable(2) $ 14,912,613.95 May 25, 2035 I-16-A Variable(2) $ 14,304,683.80 May 25, 2035 I-16-B Variable(2) $ 14,304,683.80 May 25, 2035 I-17-B Variable(2) $ 13,726,049.49 May 25, 2035 I-18-A Variable(2) $ 13,321,596.70 May 25, 2035 I-18-B Variable(2) $ 13,321,596.70 May 25, 2035 I-19-B Variable(2) $ 13,082,492.67 May 25, 2035 I-20-A Variable(2) $ 13,760,166.85 May 25, 2035 I-20-B Variable(2) $ 13,760,166.85 May 25, 2035 I-21-A Variable(2) $ 12,231,918.33 May 25, 2035 I-21-B Variable(2) $ 12,231,918.33 May 25, 2035 I-22-B Variable(2) $ 25,927,170.26 May 25, 2035 I-23-A Variable(2) $ 145,097,794.04 May 25, 2035 I-23-B Variable(2) $ 145,097,794.04 May 25, 2035 I-24-A Variable(2) $ 8,248,061.31 May 25, 2035 I-24-B Variable(2) $ 8,248,061.31 May 25, 2035 I-25-A Variable(2) $ 7,166,695.56 May 25, 2035 I-25-B Variable(2) $ 7,166,695.56 May 25, 2035 I-26-A Variable(2) $ 6,160,880.37 May 25, 2035 I-26-B Variable(2) $ 6,160,880.37 May 25, 2035 I-27-A Variable(2) $ 3,038,664.36 May 25, 2035 I-27-B Variable(2) $ 3,038,664.36 May 25, 2035 I-28-A Variable(2) $ 2,921,385.64 May 25, 2035 I-28-B Variable(2) $ 2,921,385.64 May 25, 2035 I-29-A Variable(2) $ 2,822,549.53 May 25, 2035 I-29-B Variable(2) $ 2,822,549.53 May 25, 2035 I-30-A Variable(2) $ 2,705,128.51 May 25, 2035 I-30-B Variable(2) $ 2,705,128.51 May 25, 2035 I-31-B Variable(2) $ 2,654,644.96 May 25, 2035 I-32-A Variable(2) $ 2,780,185.18 May 25, 2035 I-32-B Variable(2) $ 2,780,185.18 May 25, 2035 I-33-A Variable(2) $ 2,566,765.70 May 25, 2035 I-33-B Variable(2) $ 2,566,765.70 May 25, 2035 I-34-A Variable(2) $ 3,374,377.49 May 25, 2035 I-34-B Variable(2) $ 3,374,377.49 May 25, 2035 I-35-A Variable(2) $ 17,966,862.56 May 25, 2035 I-35-B Variable(2) $ 17,966,862.56 May 25, 2035 I-36-A Variable(2) $ 1,284,220.05 May 25, 2035 I-36-B Variable(2) $ 1,284,220.05 May 25, 2035 I-37-B Variable(2) $ 1,245,438.68 May 25, 2035 I-38-A Variable(2) $ 1,207,820.54 May 25, 2035 I-38-B Variable(2) $ 1,207,820.54 May 25, 2035 I-39-A Variable(2) $ 1,171,332.49 May 25, 2035 I-39-B Variable(2) $ 1,171,332.49 May 25, 2035 I-40-A Variable(2) $ 1,135,939.30 May 25, 2035 I-40-B Variable(2) $ 1,135,939.30 May 25, 2035 I-41-A Variable(2) $ 1,101,608.50 May 25, 2035 I-41-B Variable(2) $ 1,101,608.50 May 25, 2035 I-42-A Variable(2) $ 1,068,309.00 May 25, 2035 I-42-B Variable(2) $ 1,068,309.00 May 25, 2035 I-43-B Variable(2) $ 1,036,009.03 May 25, 2035 I-44-A Variable(2) $ 1,004,680.27 May 25, 2035 I-44-B Variable(2) $ 1,004,680.27 May 25, 2035 I-45-A Variable(2) $ 974,292.33 May 25, 2035 I-45-B Variable(2) $ 974,292.33 May 25, 2035 I-47-A Variable(2) $ 916,228.37 May 25, 2035 I-47-B Variable(2) $ 916,228.37 May 25, 2035 I-48-A Variable(2) $ 888,497.79 May 25, 2035 I-48-B Variable(2) $ 888,497.79 May 25, 2035 I-49-A Variable(2) $ 861,601.64 May 25, 2035 I-49-B Variable(2) $ 861,601.64 May 25, 2035 I-50-A Variable(2) $ 835,514.37 May 25, 2035 I-50-B Variable(2) $ 835,514.37 May 25, 2035 I-51-A Variable(2) $ 810,211.12 May 25, 2035 I-51-B Variable(2) $ 810,211.12 May 25, 2035 I-52-A Variable(2) $ 25,695,141.00 May 25, 2035 I-52-B Variable(2) $ 25,695,141.00 May 25, 2035 II Variable(2) $ 806.57 May 25, 2035 II-1-A Variable(2) $ 4,206,850.10 May 25, 2035 II-1-B Variable(2) $ 4,206,850.10 May 25, 2035 II-2-A Variable(2) $ 5,406,316.73 May 25, 2035 II-2-B Variable(2) $ 5,406,316.73 May 25, 2035 II-3-A Variable(2) $ 6,603,440.16 May 25, 2035 II-3-B Variable(2) $ 6,603,440.16 May 25, 2035 II-4-A Variable(2) $ 7,789,107.56 May 25, 2035 II-4-B Variable(2) $ 7,789,107.56 May 25, 2035 II-5-A Variable(2) $ 8,953,672.63 May 25, 2035 II-5-B Variable(2) $ 8,953,672.63 May 25, 2035 II-6-A Variable(2) $ 10,087,334.13 May 25, 2035 II-6-B Variable(2) $ 10,087,334.13 May 25, 2035 II-7-A Variable(2) $ 11,179,386.55 May 25, 2035 II-7-B Variable(2) $ 11,179,386.55 May 25, 2035 II-8-A Variable(2) $ 12,217,433.78 May 25, 2035 II-8-B Variable(2) $ 12,217,433.78 May 25, 2035 II-9-A Variable(2) $ 13,174,777.18 May 25, 2035 II-9-B Variable(2) $ 13,174,777.18 May 25, 2035 II-10-A Variable(2) $ 13,798,577.92 May 25, 2035 II-10-B Variable(2) $ 13,798,577.92 May 25, 2035 II-11-A Variable(2) $ 14,262,652.64 May 25, 2035 II-11-B Variable(2) $ 14,262,652.64 May 25, 2035 II-12-A Variable(2) $ 13,680,529.76 May 25, 2035 II-12-B Variable(2) $ 13,680,529.76 May 25, 2035 II-13-A Variable(2) $ 13,122,036.99 May 25, 2035 II-13-B Variable(2) $ 13,122,036.99 May 25, 2035 II-14-A Variable(2) $ 12,586,594.95 May 25, 2035 II-14-B Variable(2) $ 12,586,594.95 May 25, 2035 II-15-A Variable(2) $ 12,073,242.30 May 25, 2035 II-15-B Variable(2) $ 12,073,242.30 May 25, 2035 II-16-A Variable(2) $ 11,581,062.45 May 25, 2035 II-16-B Variable(2) $ 11,581,062.45 May 25, 2035 II-17-A Variable(2) $ 11,112,600.51 May 25, 2035 II-17-B Variable(2) $ 11,112,600.51 May 25, 2035 II-18-A Variable(2) $ 10,785,155.80 May 25, 2035 II-18-B Variable(2) $ 10,785,155.80 May 25, 2035 II-19-A Variable(2) $ 10,591,577.33 May 25, 2035 II-19-B Variable(2) $ 10,591,577.33 May 25, 2035 II-20-A Variable(2) $ 11,140,221.90 May 25, 2035 II-20-B Variable(2) $ 11,140,221.90 May 25, 2035 II-21-A Variable(2) $ 9,902,952.92 May 25, 2035 II-21-B Variable(2) $ 9,902,952.92 May 25, 2035 II-22-B Variable(2) $ 20,990,619.74 May 25, 2035 II-23-A Variable(2) $ 117,471,077.21 May 25, 2035 II-23-B Variable(2) $ 117,471,077.21 May 25, 2035 II-24-A Variable(2) $ 6,677,624.94 May 25, 2035 II-24-B Variable(2) $ 6,677,624.94 May 25, 2035 II-25-A Variable(2) $ 5,802,151.94 May 25, 2035 II-25-B Variable(2) $ 5,802,151.94 May 25, 2035 II-26-A Variable(2) $ 4,987,844.63 May 25, 2035 II-26-B Variable(2) $ 4,987,844.63 May 25, 2035 II-27-A Variable(2) $ 2,460,100.64 May 25, 2035 II-27-B Variable(2) $ 2,460,100.64 May 25, 2035 II-28-A Variable(2) $ 2,365,151.86 May 25, 2035 II-28-B Variable(2) $ 2,365,151.86 May 25, 2035 II-29-A Variable(2) $ 2,285,134.22 May 25, 2035 II-29-B Variable(2) $ 2,285,134.22 May 25, 2035 II-30-A Variable(2) $ 2,190,070.24 May 25, 2035 II-30-B Variable(2) $ 2,190,070.24 May 25, 2035 II-31-A Variable(2) $ 2,149,198.79 May 25, 2035 II-31-B Variable(2) $ 2,149,198.79 May 25, 2035 II-32-A Variable(2) $ 2,250,836.07 May 25, 2035 II-32-B Variable(2) $ 2,250,836.07 May 25, 2035 II-33-A Variable(2) $ 2,078,051.80 May 25, 2035 II-33-B Variable(2) $ 2,078,051.80 May 25, 2035 II-34-A Variable(2) $ 2,731,893.76 May 25, 2035 II-34-B Variable(2) $ 2,731,893.76 May 25, 2035 II-35-A Variable(2) $ 14,545,959.94 May 25, 2035 II-35-B Variable(2) $ 14,545,959.94 May 25, 2035 II-36-A Variable(2) $ 1,039,703.70 May 25, 2035 II-36-B Variable(2) $ 1,039,703.70 May 25, 2035 II-37-B Variable(2) $ 1,008,306.32 May 25, 2035 II-38-A Variable(2) $ 977,850.71 May 25, 2035 II-38-B Variable(2) $ 977,850.71 May 25, 2035 II-39-A Variable(2) $ 948,310.01 May 25, 2035 II-39-B Variable(2) $ 948,310.01 May 25, 2035 II-40-A Variable(2) $ 919,655.70 May 25, 2035 II-40-B Variable(2) $ 919,655.70 May 25, 2035 II-41-A Variable(2) $ 891,861.50 May 25, 2035 II-41-B Variable(2) $ 891,861.50 May 25, 2035 II-42-A Variable(2) $ 864,902.25 May 25, 2035 II-42-B Variable(2) $ 864,902.25 May 25, 2035 II-43-A Variable(2) $ 838,752.22 May 25, 2035 II-43-B Variable(2) $ 838,752.22 May 25, 2035 II-44-A Variable(2) $ 813,388.48 May 25, 2035 II-44-B Variable(2) $ 813,388.48 May 25, 2035 II-45-A Variable(2) $ 788,786.42 May 25, 2035 II-45-B Variable(2) $ 788,786.42 May 25, 2035 II-46-B Variable(2) $ 764,923.12 May 25, 2035 II-47-A Variable(2) $ 741,777.88 May 25, 2035 II-47-B Variable(2) $ 741,777.88 May 25, 2035 II-48-A Variable(2) $ 719,327.21 May 25, 2035 II-48-B Variable(2) $ 719,327.21 May 25, 2035 II-49-A Variable(2) $ 697,552.11 May 25, 2035 II-49-B Variable(2) $ 697,552.11 May 25, 2035 II-50-A Variable(2) $ 676,431.88 May 25, 2035 II-50-B Variable(2) $ 676,431.88 May 25, 2035 II-51-A Variable(2) $ 655,946.38 May 25, 2035 II-51-B Variable(2) $ 655,946.38 May 25, 2035 II-52-A Variable(2) $ 20,802,769.00 May 25, 2035 II-52-B Variable(2) $ 20,802,769.00 May 25, 2035 ______________________________________
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in twenty-four classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (exclusive of the Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for "regular interest" in REMIC I (the "REMIC I Regular Interest"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the The REMIC I Regular Interests Interest will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassUNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE REMIC I Regular Variable(1) AA Variable(2) $ 395,429,412.86 September $300,000,888.78 October 25, 2035 2034 Interest A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, any Prepayment Charge Waiver Amounts and, for the Pre-Funding avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Swap Account, the Swap Collateral Account and any rights or obligations in respect of the Interest Coverage AccountSwap Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA I-7-B Variable(2) $ 395,429,412.86 September 25, 2035 4,561,003.42 December 2036 I-13-B Variable(2) $ 3,675,168.65 December 2036 I-14-B Variable(2) $ 3,545,237.02 December 2036 I-17-B Variable(2) $ 3,182,340.60 December 2036 I-18-B Variable(2) $ 3,069,819.91 December 2036 I-19-B Variable(2) $ 2,961,274.62 December 2036 I-20-B Variable(2) $ 2,856,564.36 December 2036 I-21-B Variable(2) $ 2,755,553.70 December 2036 I-24-B Variable(2) $ 2,473,435.88 December 2036 I-25-B Variable(2) $ 2,385,962.56 December 2036 I-27-B Variable(2) $ 2,220,179.52 December 2036 I-28-B Variable(2) $ 2,141,655.35 December 2036 I-29-B Variable(2) $ 2,065,906.07 December 2036 I-30-B Variable(2) $ 1,992,833.66 December 2036 I-33-B Variable(2) $ 1,788,748.92 December 2036 I-34-B Variable(2) $ 1,725,471.44 December 2036 I-35-A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 1,664,430.37 December 2036 I-35-B Variable(2) $ 427,710.00 September 25, 2035 M-2 1,664,430.37 December 2036 I-36-B Variable(2) $ 74,650.00 September 25, 2035 M-3 1,605,546.71 December 2036 I-38-B Variable(2) $ 121,050.00 September 25, 2035 M-4 1,493,949.53 December 2036 I-39-B Variable(2) $ 90,790.00 September 25, 2035 M-5 1,441,091.58 December 2036 I-40-A Variable(2) $ 64,560.00 September 25, 2035 B-1 1,390,102.01 December 2036 I-40-B Variable(2) $ 88,770.00 September 25, 2035 B-2 1,390,102.01 December 2036 I-41-B Variable(2) $ 60,520.00 September 25, 2035 B-3 1,340,914.82 December 2036 I-42-A Variable(2) $ 66,580.00 September 25, 2035 B-4 1,293,466.34 December 2036 I-42-B Variable(2) $ 199,730.00 September 25, 2035 ZZ 1,293,466.34 December 2036 I-43-A Variable(2) $ 4,039,038.02 September 25, 2035 1,247,695.16 December 2036 I-43-B Variable(2) $ 1,247,695.16 December 2036 I-44-A Variable(2) $ 1,203,542.03 December 2036 I-44-B Variable(2) $ 1,203,542.03 December 2036 I-45-A Variable(2) $ 32,756,010.51 December 2036 I-45-B Variable(2) $ 32,756,010.51 December 2036 II-1-A Variable(2) $ 558,718.46 December 2036 II-1-B Variable(2) $ 558,718.46 December 2036 II-2-A Variable(2) $ 538,971.61 December 2036 II-2-B Variable(2) $ 538,971.61 December 2036 II-3-A Variable(2) $ 519,922.22 December 2036 II-3-B Variable(2) $ 519,922.22 December 2036 II-4-A Variable(2) $ 501,545.66 December 2036 II-4-B Variable(2) $ 501,545.66 December 2036 II-5-A Variable(2) $ 483,818.18 December 2036 II-5-B Variable(2) $ 483,818.18 December 2036 II-6-A Variable(2) $ 466,716.87 December 2036 II-6-B Variable(2) $ 466,716.87 December 2036 II-7-A Variable(2) $ 450,219.62 December 2036 II-7-B Variable(2) $ 450,219.62 December 2036 II-8-A Variable(2) $ 434,305.10 December 2036 II-8-B Variable(2) $ 434,305.10 December 2036 II-9-A Variable(2) $ 418,952.73 December 2036 II-9-B Variable(2) $ 418,952.73 December 2036 II-10-A Variable(2) $ 404,142.69 December 2036 II-10-B Variable(2) $ 404,142.69 December 2036 II-11-A Variable(2) $ 389,855.80 December 2036 II-11-B Variable(2) $ 389,855.80 December 2036 II-12-A Variable(2) $ 376,073.61 December 2036 II-12-B Variable(2) $ 376,073.61 December 2036 II-13-A Variable(2) $ 362,778.29 December 2036 II-13-B Variable(2) $ 362,778.29 December 2036 II-14-A Variable(2) $ 349,952.65 December 2036 II-14-B Variable(2) $ 349,952.65 December 2036 II-15-A Variable(2) $ 337,580.12 December 2036 II-15-B Variable(2) $ 337,580.12 December 2036 II-16-A Variable(2) $ 325,644.68 December 2036 II-16-B Variable(2) $ 325,644.68 December 2036 II-17-A Variable(2) $ 314,130.91 December 2036 II-17-B Variable(2) $ 314,130.91 December 2036 II-18-A Variable(2) $ 303,023.92 December 2036 II-18-B Variable(2) $ 303,023.92 December 2036 II-19-A Variable(2) $ 292,309.34 December 2036 II-19-B Variable(2) $ 292,309.34 December 2036 II-20-A Variable(2) $ 281,973.33 December 2036 II-20-B Variable(2) $ 281,973.33 December 2036 II-21-A Variable(2) $ 272,002.50 December 2036 II-21-B Variable(2) $ 272,002.50 December 2036 II-22-A Variable(2) $ 262,383.97 December 2036 II-22-B Variable(2) $ 262,383.97 December 2036 II-23-A Variable(2) $ 253,105.29 December 2036 II-23-B Variable(2) $ 253,105.29 December 2036 II-24-A Variable(2) $ 244,154.47 December 2036 II-24-B Variable(2) $ 244,154.47 December 2036 II-25-A Variable(2) $ 235,519.92 December 2036 II-25-B Variable(2) $ 235,519.92 December 2036 II-26-A Variable(2) $ 227,190.48 December 2036 II-26-B Variable(2) $ 227,190.48 December 2036 II-27-A Variable(2) $ 219,155.37 December 2036 II-27-B Variable(2) $ 219,155.37 December 2036 II-28-A Variable(2) $ 211,404.19 December 2036 II-28-B Variable(2) $ 211,404.19 December 2036 II-29-A Variable(2) $ 203,926.93 December 2036 II-29-B Variable(2) $ 203,926.93 December 2036 II-30-A Variable(2) $ 196,713.91 December 2036 II-30-B Variable(2) $ 196,713.91 December 2036 II-31-A Variable(2) $ 189,755.79 December 2036 II-31-B Variable(2) $ 189,755.79 December 2036 II-32-A Variable(2) $ 183,043.57 December 2036 II-32-B Variable(2) $ 183,043.57 December 2036 II-33-A Variable(2) $ 176,568.57 December 2036 II-33-B Variable(2) $ 176,568.57 December 2036 II-34-A Variable(2) $ 170,322.41 December 2036 II-34-B Variable(2) $ 170,322.41 December 2036 II-35-A Variable(2) $ 164,297.01 December 2036 II-35-B Variable(2) $ 164,297.01 December 2036 II-36-A Variable(2) $ 158,484.56 December 2036 II-36-B Variable(2) $ 158,484.56 December 2036 II-37-A Variable(2) $ 152,877.55 December 2036 II-37-B Variable(2) $ 152,877.55 December 2036 II-38-A Variable(2) $ 147,468.73 December 2036 II-38-B Variable(2) $ 147,468.73 December 2036 II-39-A Variable(2) $ 142,251.09 December 2036 II-39-B Variable(2) $ 142,251.09 December 2036 II-40-A Variable(2) $ 137,217.87 December 2036 II-40-B Variable(2) $ 137,217.87 December 2036 II-41-A Variable(2) $ 132,362.57 December 2036 II-41-B Variable(2) $ 132,362.57 December 2036 II-42-A Variable(2) $ 127,678.90 December 2036 II-42-B Variable(2) $ 127,678.90 December 2036 II-43-A Variable(2) $ 123,160.80 December 2036 II-43-B Variable(2) $ 123,160.80 December 2036 II-44-A Variable(2) $ 118,802.42 December 2036 II-44-B Variable(2) $ 118,802.42 December 2036 II-45-A Variable(2) $ 3,233,367.12 December 2036 II-45-B Variable(2) $ 3,233,367.12 December 2036 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Sl5)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and Account, the Interest Coverage Account, the Corridor Contract and the Corridor Contract Reserve Fund) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I.” The Class R-1 Certificates will be represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Initial Uncertificated Principal Balance Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA Variable(2) PO $ 395,429,412.86 September 54,217.74 0.000% November 25, 2035 A Variable(2) 1-Sub $ 2,836,590.00 September 21,264.73 5.500% November 25, 2035 M-1 Variable(2) 1-ZZZ $ 427,710.00 September 223,780,462.64 5.500% November 25, 2035 M-2 Variable(2) 2-Sub $ 74,650.00 September 14,822.32 8.000% November 25, 2035 M-3 Variable(2) 2-ZZZ $ 121,050.00 September 155,983,496.40 8.000% November 25, 2035 M-4 Variable(2) R-2 $ 90,790.00 September 50.00 0.000% November 25, 2035 M-5 Variable(2) R-3 $ 64,560.00 September 50.00 0.000% November 25, 2035 B-1 Variable(2) P $ 88,770.00 September 100.00 0.000% November 25, 2035 B-2 Variable(2X (3) $ 60,520.00 September 25, 2035 B-3 Variable(2(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September November 25, 2035 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac8)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eleven classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (exclusive of the Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass- Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassLATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT1-AI-AA Variable(2Variable(1) $ 395,429,412.86 September 294,000,192.29 April 25, 2035 A Variable(22033 LT1-AI-1 Variable(1) $ 2,836,590.00 September 1,354,000.00 April 25, 2035 M-1 Variable(22033 LT1-AI-2 Variable(1) $ 427,710.00 September 652,000.00 April 25, 2035 M-2 Variable(22033 LT1-AI-3 Variable(1) $ 74,650.00 September 342,000.00 April 25, 2035 M-3 Variable(22033 LT1-AI-4 Variable(1) $ 121,050.00 September 352,000.00 April 25, 2035 M-4 Variable(22033 LT1-AI-5 Variable(1) $ 90,790.00 September 300,000.00 April 25, 2035 M-5 Variable(22033 LT1-AI-ZZ Variable(1) $ 64,560.00 September 3,000,003.92 April 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2033 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Custodial Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass- Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2------------- ------------------------ ---------------------- ---------------------- LTA Variable(1) $ 395,429,412.86 September 180,001,875.09 May 25, 2035 A Variable(22031 LTB Variable(1) $ 2,836,590.00 September 20,000,000.00 May 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2031
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED INITIAL UNCERTIFICATED REMIC I PassREMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE ----------- ----------------- ---------------------- --------------- AA Variable(1) AA Variable(2) $ 395,429,412.86 September 735,227,112.93 May 25, 2035 A Variable(22036 A-1 Variable(1) $ 2,836,590.00 September 2,247,980.00 May 25, 2035 M-1 Variable(22036 A-2 Variable(1) $ 427,710.00 September 1,910,640.00 May 25, 2035 M-2 Variable(22036 A-3 Variable(1) $ 74,650.00 September 1,066,830.00 May 25, 2035 M-3 Variable(22036 A-4 Variable(1) $ 121,050.00 September 1,466,620.00 May 25, 2035 M-4 Variable(22036 M-1 Variable(1) $ 90,790.00 September 153,800.00 May 25, 2035 M-5 Variable(22036 M-2 Variable(1) $ 64,560.00 September 138,790.00 May 25, 2035 B-1 Variable(22036 M-3 Variable(1) $ 88,770.00 September 82,530.00 May 25, 2035 B-2 Variable(22036 M-4 Variable(1) $ 60,520.00 September 75,020.00 May 25, 2035 B-3 Variable(22036 M-5 Variable(1) $ 66,580.00 September 71,270.00 May 25, 2035 B-4 Variable(22036 M-6 Variable(1) $ 199,730.00 September 52,520.00 May 25, 2035 ZZ Variable(22036 M-7 Variable(1) $ 4,039,038.02 September 37,510.00 May 25, 2035 ______________________________________2036 M-8 Variable(1) 37,510.00 May 25, 2036 M-9 Variable(1) 75,020.00 May 25, 2036 ZZ Variable(1) 7,588,594.96 May 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rs3 Trust)
PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes, which, in the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Dateaggregate, the Depositor acquired the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in of the Trust FundFund created hereunder. On or prior The Trust Fund will consist of a segregated pool of assets comprised of the Mortgage Loans (as defined below) and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee Administrator will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than but exclusive of the Basis Risk Shortfall Reserve FundAccount, the Pre-Funding Servicer Prepayment Charge Payment Amounts, the Swap Agreement, the Interest Rate Cap Agreement, the Swap Account and the Supplemental Interest Coverage AccountTrust) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I.” The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G-l(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2I Variable (2) $ 395,429,412.86 2.00 September 25, 2035 2036 I-1-A Variable(2Variable (2) $ 2,836,590.00 2,900,408.98 September 25, 2035 M-1 Variable(22036 I-1-B Variable (2) $ 427,710.00 2,900,408.98 September 25, 2035 M-2 Variable(22036 I-2-B Variable (2) $ 74,650.00 3,717,916.34 September 25, 2035 M-3 Variable(22036 I-3-A Variable (2) $ 121,050.00 4,714,364.66 September 25, 2035 M-4 Variable(22036 I-3-B Variable (2) $ 90,790.00 4,714,364.66 September 25, 2035 M-5 Variable(22036 -1- Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) I-4-B Variable (2) $ 64,560.00 5,146,152.00 September 25, 2035 B-1 Variable(22036 I-5-B Variable (2) $ 88,770.00 5,577,939.35 September 25, 2035 B-2 Variable(22036 I-6-B Variable (2) $ 60,520.00 6,009,726.69 September 25, 2035 B-3 Variable(22036 I-8-B Variable (2) $ 66,580.00 7,592,017.04 September 25, 2035 B-4 Variable(22036 I-9-B Variable (2) $ 199,730.00 8,066,491.12 September 25, 2035 ZZ Variable(22036 I-10-B Variable (2) $ 4,039,038.02 8,124,764.30 September 25, 2035 ______________________________________2036 I-11-A Variable (2) $ 7,958,416.92 September 25, 2036 I-11-B Variable (2) $ 7,958,416.92 September 25, 2036 I-12-A Variable (2) $ 7,845,911.79 September 25, 2036 I-12-B Variable (2) $ 7,845,911.79 September 25, 2036 I-13-A Variable (2) $ 7,608,325.52 September 25, 2036 I-13-B Variable (2) $ 7,608,325.52 September 25, 2036 I-14-A Variable (2) $ 7,168,381.33 September 25, 2036 I-14-B Variable (2) $ 7,168,381.33 September 25, 2036 I-15-A Variable (2) $ 7,585,566.19 September 25, 2036 I-15-B Variable (2) $ 7,585,566.19 September 25, 2036 I-16-B Variable (2) $ 7,821,280.94 September 25, 2036 I-17-B Variable (2) $ 10,861,629.23 September 25, 2036 I-18-B Variable (2) $ 10,258,285.93 September 25, 2036 I-19-B Variable (2) $ 9,633,515.37 September 25, 2036 I-20-A Variable (2) $ 9,048,348.07 September 25, 2036 I-20-B Variable (2) $ 9,048,348.07 September 25, 2036 I-21-A Variable (2) $ 8,502,673.56 September 25, 2036 I-21-B Variable (2) $ 8,502,673.56 September 25, 2036 I-23-B Variable (2) $ 32,741,486.17 September 25, 2036 I-24-B Variable (2) $ 5,636,884.81 September 25, 2036 Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) I-26-A Variable (2) $ 4,983,018.59 September 25, 2036 I-26-B Variable (2) $ 4,983,018.59 September 25, 2036 I-27-A Variable (2) $ 4,699,106.15 September 25, 2036 I-27-B Variable (2) $ 4,699,106.15 September 25, 2036 I-28-A Variable (2) $ 2,787,328.52 September 25, 2036 I-28-B Variable (2) $ 2,787,328.52 September 25, 2036 I-29-A Variable (2) $ 2,660,663.45 September 25, 2036 I-29-B Variable (2) $ 2,660,663.45 September 25, 2036 I-30-B Variable (2) $ 2,567,633.16 September 25, 2036 I-31-B Variable (2) $ 2,478,425.56 September 25, 2036 I-32-B Variable (2) $ 2,392,386.28 September 25, 2036 I-33-A Variable (2) $ 2,309,388.69 September 25, 2036 I-33-B Variable (2) $ 2,309,388.69 September 25, 2036 I-34-B Variable (2) $ 2,229,216.09 September 25, 2036 I-35-A Variable (2) $ 2,151,881.42 September 25, 2036 I-35-B Variable (2) $ 2,151,881.42 September 25, 2036 I-36-A Variable (2) $ 2,077,412.08 September 25, 2036 I-36-B Variable (2) $ 2,077,412.08 September 25, 2036 I-38-B Variable (2) $ 1,926,827.03 September 25, 2036 I-39-A Variable (2) $ 1,855,395.85 September 25, 2036 I-39-B Variable (2) $ 1,855,395.85 September 25, 2036 I-40-A Variable (2) $ 1,791,894.57 September 25, 2036 I-40-B Variable (2) $ 1,791,894.57 September 25, 2036 I-41-A Variable (2) $ 1,731,012.12 September 25, 2036 I-41-B Variable (2) $ 1,731,012.12 September 25, 2036 I-42-A Variable (2) $ 1,672,207.42 September 25, 2036 I-42-B Variable (2) $ 1,672,207.42 September 25, 2036 I-43-A Variable (2) $ 1,615,408.69 September 25, 2036 I-43-B Variable (2) $ 1,615,408,69 September 25, 2036 I-44-A Variable (2) $ 1,560,547.19 September 25, 2036 I-44-B Variable (2) $ 1,560,547.19 September 25, 2036 I-45-A Variable (2) $ 1,507,556.56 September 25, 2036 I-45-B Variable (2) $ 1,507,556.56 September 25, 2036 I-46-B Variable (2) $ 1,456,372.73 September 25, 2036 I-47-A Variable (2) $ 1,406,933.81 September 25, 2036 I-47-B Variable (2) $ 1,406,933.81 September 25, 2036 I-48-A Variable (2) $ 1,359,180.08 September 25, 2036 I-48-B Variable (2) $ 1,359,180.08 September 25, 2036 Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) I-49-A Variable (2) $ 1,313,053.84 September 25, 2036 I-49-B Variable (2) $ 1,313,053.84 September 25, 2036 I-50-A Variable (2) $ 1,268,499.36 September 25, 2036 I-50-B Variable (2) $ 1,268,499.36 September 25, 2036 I-51-B Variable (2) $ 1,225,462.87 September 25, 2036 I-52-A Variable (2) $ 1,183,892.43 September 25, 2036 I-52-B Variable (2) $ 1,183,892.43 September 25, 2036 I-53-B Variable (2) $ 1,143,737.86 September 25, 2036 I-54-A Variable (2) $ 1,104,950.75 September 25, 2036 I-54-B Variable (2) $ 1,104,950.75 September 25, 2036 I-55-A Variable (2) $ 1,067,484.30 September 25, 2036 I-55-B Variable (2) $ 1,067,484.30 September 25, 2036 I-56-A Variable (2) $ 1,031,293.37 September 25, 2036 I-56-B Variable (2) $ 1,031,293.37 September 25, 2036 I-57-A Variable (2) $ 996,322.49 September 25, 2036 I-57-B Variable (2) $ 996,322.49 September 25, 2036 I-58-A Variable (2) $ 964,607.25 September 25, 2036 I-58-B Variable (2) $ 964,607.25 September 25, 2036 I-59-A Variable (2) $ 19,237,142.96 September 25, 2036 I-59-B Variable (2) $ 19,237,142.96 September 25, 2036 Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) II Variable (2) $ 2.00 September 25, 2036 II-1-A Variable (2) $ 2,186,412.74 September 25, 2036 II-1-B Variable (2) $ 2,186,412.74 September 25, 2036 II-2-A Variable (2) $ 2,802,673.90 September 25, 2036 II-2-B Variable (2) $ 2,802,673.90 September 25, 2036 II-3-A Variable (2) $ 3,553,825.75 September 25, 2036 II-3-B Variable (2) $ 3,553,825.75 September 25, 2036 II-4-A Variable (2) $ 3,879,319.66 September 25, 2036 II-4-B Variable (2) $ 3,879,319.66 September 25, 2036 II-5-A Variable (2) $ 4,204,813.57 September 25, 2036 II-5-B Variable (2) $ 4,204,813.57 September 25, 2036 II-6-A Variable (2) $ 4,530,307.48 September 25, 2036 II-6-B Variable (2) $ 4,530,307.48 September 25, 2036 II-7-A Variable (2) $ 4,855,801.39 September 25, 2036 II-7-B Variable (2) $ 4,855,801.39 September 25, 2036 II-8-A Variable (2) $ 5,723,084.14 September 25, 2036 II-8-B Variable (2) $ 5,723,084.14 September 25, 2036 -4- Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) II-9-A Variable (2) $ 6,080,756.56 September 25, 2036 II-9-B Variable (2) $ 6,080,756.56 September 25, 2036 II-10-A Variable (2) $ 6,124,684.59 September 25, 2036 II-10-B Variable (2) $ 6,124,684.59 September 25, 2036 II-11-A Variable (2) $ 5,999,287.07 September 25, 2036 II-11-B Variable (2) $ 5,999,287.07 September 25, 2036 II-12-A Variable (2) $ 5,914,477.42 September 25, 2036 II-12-B Variable (2) $ 5,914,477.42 September 25, 2036 II-13-A Variable (2) $ 5,735,377.96 September 25, 2036 II-13-B Variable (2) $ 5,735,377.96 September 25, 2036 II-14-A Variable (2) $ 5,403,735.18 September 25, 2036 II-14-B Variable (2) $ 5,403,735.18 September 25, 2036 II-15-A Variable (2) $ 5,718,221.31 September 25, 2036 II-15-B Variable (2) $ 5,718,221.31 September 25, 2036 II-16-A Variable (2) $ 5,895,909.97 September 25, 2036 II-16-B Variable (2) $ 5,895,909.97 September 25, 2036 II-17-A Variable (2) $ 8,187,813.29 September 25, 2036 II-17-B Variable (2) $ 8,187,813.29 September 25, 2036 II-18-A Variable (2) $ 7,732,995.50 September 25, 2036 II-18-B Variable (2) $ 7,732,995.50 September 25, 2036 II-19-A Variable (2) $ 7,262,025.21 September 25, 2036 II-19-B Variable (2) $ 7,262,025.21 September 25, 2036 II-20-A Variable (2) $ 6,820,909.01 September 25, 2036 II-20-B Variable (2) $ 6,820,909.01 September 25, 2036 II-21-A Variable (2) $ 6,409,563.63 September 25, 2036 II-21-B Variable (2) $ 6,409,563.63 September 25, 2036 II-22-B Variable (2) $ 6,009,438.16 September 25, 2036 II-23-A Variable (2) $ 24,681,488.39 September 25, 2036 II-23-B Variable (2) $ 24,681,488.39 September 25, 2036 II-24-A Variable (2) $ 4,249,248.38 September 25, 2036 II-24-B Variable (2) $ 4,249,248.38 September 25, 2036 II-25-A Variable (2) $ 3,994,325.11 September 25, 2036 II-25-B Variable (2) $ 3,994,325.11 September 25, 2036 II-26-A Variable (2) $ 3,756,344.93 September 25, 2036 II-26-B Variable (2) $ 3,756,344.93 September 25, 2036 II-27-A Variable (2) $ 3,542,323.44 September 25, 2036 II-27-B Variable (2) $ 3,542,323.44 September 25, 2036 II-28-A Variable (2) $ 2,101,169.63 September 25, 2036 II-28-B Variable (2) $ 2,101,169.63 September 25, 2036 II-29-A Variable (2) $ 2,005,685.81 September 25, 2036 II-29-B Variable (2) $ 2,005,685.81 September 25, 2036 II-30-A Variable (2) $ 1,935,556.86 September 25, 2036 II-30-B Variable (2) $ 1,935,556.86 September 25, 2036 Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) II-31-B Variable (2) $ 1,868,309.56 September 25, 2036 II-32-B Variable (2) $ 1,803,450.64 September 25, 2036 II-33-A Variable (2) $ 1,740,884.63 September 25, 2036 II-33-B Variable (2) $ 1,740,884.63 September 25, 2036 II-34-A Variable (2) $ 1,680,448.19 September 25, 2036 II-34-B Variable (2) $ 1,680,448.19 September 25, 2036 II-35-A Variable (2) $ 1,622,151.06 September 25, 2036 II-35-B Variable (2) $ 1,622,151.06 September 25, 2036 II-36-A Variable (2) $ 1,566,013.89 September 25, 2036 II-36-B Variable (2) $ 1,566,013.89 September 25, 2036 II-37-B Variable (2) $ 1,511,218.49 September 25, 2036 II-38-A Variable (2) $ 1,452,498.48 September 25, 2036 II-38-B Variable (2) $ 1,452,498.48 September 25, 2036 II-39-A Variable (2) $ 1,398,651.57 September 25, 2036 II-39-B Variable (2) $ 1,398,651.57 September 25, 2036 II-40-A Variable (2) $ 1,350,782.45 September 25, 2036 II-40-B Variable (2) $ 1,350,782.45 September 25, 2036 II-41-A Variable (2) $ 1,304,887.48 September 25, 2036 II-41-B Variable (2) $ 1,304,887.48 September 25, 2036 II-42-A Variable (2) $ 1,260,558.79 September 25, 2036 II-42-B Variable (2) $ 1,260,558.79 September 25, 2036 II-43-A Variable (2) $ 1,217,742.24 September 25, 2036 II-43-B Variable (2) $ 1,217,742.24 September 25, 2036 II-44-A Variable (2) $ 1,176,386.04 September 25, 2036 II-44-B Variable (2) $ 1,176,386.04 September 25, 2036 II-45-A Variable (2) $ 1,136,440.16 September 25, 2036 II-45-B Variable (2) $ 1,136,440.16 September 25, 2036 II-46-B Variable (2) $ 1,097,856.29 September 25, 2036 II-47-A Variable (2) $ 1,060,587.80 September 25, 2036 II-47-B Variable (2) $ 1,060,587.80 September 25, 2036 II-48-A Variable (2) $ 1,024,589.64 September 25, 2036 II-48-B Variable (2) $ 1,024,589.64 September 25, 2036 II-49-A Variable (2) $ 989,818.32 September 25, 2036 II-49-B Variable (2) $ 989,818.32 September 25, 2036 II-50-A Variable (2) $ 956,231.86 September 25, 2036 II-50-B Variable (2) $ 956,231.86 September 25, 2036 II-51-A Variable (2) $ 923,789.70 September 25, 2036 II-51-B Variable (2) $ 923,789.70 September 25, 2036 II-52-A Variable (2) $ 892,452.68 September 25, 2036 II-52-B Variable (2) $ 892,452.68 September 25, 2036 II-53-B Variable (2) $ 862,183.00 September 25, 2036 Designation REMIC I Remittance Rate Initial Uncertificated Balance Latest Possible Maturity Date (1) II-54-A Variable (2) $ 832,944.14 September 25, 2036 II-54-B Variable (2) $ 832,944.14 September 25, 2036 II-55-A Variable (2) $ 804,700.84 September 25, 2036 II-55-B Variable (2) $ 804,700.84 September 25, 2036 II-56-A Variable (2) $ 777,419.06 September 25, 2036 II-56-B Variable (2) $ 777,419.06 September 25, 2036 II-57-A Variable (2) $ 751,056.99 September 25, 2036 II-57-B Variable (2) $ 751,056.99 September 25, 2036 II-59-A Variable (2) $ 727,149.11 September 25, 2036 II-59-A Variable (2) $ 727,149.11 September 25, 2036 II-59-A Variable (2) $ 14,501,520.13 September 25, 2036 II-59-B Variable (2) $ 14,501,520.13 September 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (People's Financial Realty Mortgage Securities 2006-1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in six classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in a trust fund (the "Trust Fund. On or prior to any Subsequent Transfer Date, ") consisting primarily of the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Initial Uncertificated Latest Possible Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1LTA Variable(1) AA Variable(2) $ 395,429,412.86 September $379,948,000 November 25, 2035 A Variable(22032 LTB1 Variable(1) $ 2,836,590.00 September $8,139,000 November 25, 2035 M-1 Variable(22032 LTB2 Variable(1) $ 427,710.00 September $11,531,000 November 25, 2035 M-2 Variable(22032 LTB3 Variable(1) $ 74,650.00 September $14,922,000 November 25, 2035 M-3 Variable(22032 LTB4 Variable(1) $ 121,050.00 September $13,565,000 November 25, 2035 M-4 Variable(22032 LTB5 Variable(1) $ 90,790.00 September $11,530,000 November 25, 2035 M-5 Variable(22032 LTB6 Variable(1) $ 64,560.00 September $10,174,000 November 25, 2035 B-1 Variable(22032 LTB7 Variable(1) $ 88,770.00 September $8,139,000 November 25, 2035 B-2 Variable(22032 LTB8 Variable(1) $ 60,520.00 September $6,783,000 November 25, 2035 B-3 Variable(22032 LTB9 Variable(1) $ 66,580.00 September $5,426,000 November 25, 2035 B-4 Variable(22032 LTB10 Variable(1) $ 199,730.00 September $29,843,000 November 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2032 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Corridor Contracts, the Carryover Reserve Fund and the Excess Net WAC Rate Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates R-I Interest will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 363th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Uncertificated Principal Latest Possible Maturity Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date ----------- ----------------- ------- ---- LT-1 (1) AA Variable(2$315,886,479.36 January 2035 LT-1PF (0) $102,956,895.61 January 2035 LT-2 (1) $ 395,429,412.86 September 25, 97,115,801.72 January 2035 A Variable(2LT-2PF (0) $ 2,836,590.00 September 25, 34,040,823.31 January 2035 M-1 Variable(2LT-P (0) $ 427,710.00 September 25, 100.00 January 2035 M-2 Variable(2LT-R (1) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________100.00 January 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004-Ecc2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in five classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Basis Risk Shortfall Reserve Fund and the Mortgage Insurance Premium Taxes Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Distribution Date in the month of the last scheduled monthly payment of the Mortgage Loans. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassLATEST POSSIBLE MATURITY DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) THROUGH RATE PRINCIPAL BALANCE DATE LT-AA Variable(2Variable(1) $ 395,429,412.86 September 980,000,477.50 May 25, 2035 A Variable(22032 LT-1A Variable(1) $ 2,836,590.00 September 5,000,000.00 May 25, 2035 M-1 Variable(22032 LT-1B Variable(1) $ 427,710.00 September 5,000,000.00 May 25, 2035 M-2 Variable(22032 LT-ZZ Variable(1) $ 74,650.00 September 10,000,009.74 May 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2032 ---------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Hedge Agreements) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED ------------------- REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE Y-1 Variable(1) $ 395,429,412.86 September 175,000.03 December 25, 2035 A Variable(22034 Y-2 Variable(1) $ 2,836,590.00 September 174,999.98 December 25, 2035 M-1 Variable(22034 Z-1 Variable(1) $ 427,710.00 September $349,825,059.02 December 25, 2035 M-2 Variable(22034 Z-2 Variable(1) $ 74,650.00 September $349,825,041.68 December 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2034
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2004-Ks11 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation UNCERTIFICATED REMIC I INITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-1 Variable(1) $ 799,869,191.06 April 25, 2036 LT-2 Variable(1) $ 29,168.67 April 25, 2036 LT-3 0.00% $ 50,831.34 April 25, 2036 LT-4 Variable(1) $ 50,831.34 April 25, 2036 _______________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC II. Component II of the Class R Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, month of Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC II Regular Interests shall be the Maturity Date. MONTH OF FINAL AGGREGATE INITIAL SCHEDULED PASS-THROUGH CERTIFICATE DISTRIBUTION DESIGNATION TYPE RATE PRINCIPAL BALANCE FEATURES DATE S&P Moody's Class A-1 Regular(1) Adjustable(2)(3)$ 310,000,000.00 Senior/Adjustable Septemxxx 0005 AAA Aaa Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date Class A-2 Regular(1) Adjustable(2)(3)$ 278,250,000.00 Senior/Adjustable June 2035 AAA Aaa Rate Class A-3 Regular(1) Adjustable(2)(3)$ 29,750,000.00 Senior/Adjustable April 2036 AAA Aaa Rate Class M-1 Regular(1) Adjustable(2)(3)$ 31,200,000.00 Mezzanine/Adjustable April 2036 AA+ Aa1 Rate Class M-2 Regular(1) Adjustable(2)(3)$ 28,800,000.00 Mezzanine/Adjustable April 2036 AA+ Aa2 Rate Class M-3 Regular(1) Adjustable(2)(3)$ 16,800,000.00 Mezzanine/Adjustable April 2036 AA Aa3 Rate Class M-4 Regular(1) Adjustable(2)(3)$ 15,200,000.00 Mezzanine/Adjustable April 2036 AA- A1 Rate Class M-5 Regular(1) Adjustable(2)(3)$ 14,400,000.00 Mezzanine/Adjustable April 2036 A+ A2 Rate Class M-6 Regular(1) Adjustable(2)(3)$ 13,600,000.00 Mezzanine/Adjustable April 2036 A A3 Rate Class M-7 Regular(1) Adjustable(2)(3)$ 13,200,000.00 Mezzanine/Adjustable April 2036 A- Baa1 Rate Class M-8 Regular(1) Adjustable(2)(3)$ 12,000,000.00 Mezzanine/Adjustable April 2036 BBB+ Baa2 Rate Class M-9 Regular(1) Adjustable(2)(3)$ 10,400,000.00 Mezzanine/Adjustable April 2036 BBB Baa3 Rate Class SB Regular (1) AA Variable(24) $ 395,429,412.86 September 25, 2035 A Variable(224,400,022.40 Subordinate April 2036 N/R N/R (4) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rz2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer DateFund (as defined herein) created hereunder, consisting primarily of the Mortgage Loans and, if any, the Depositor acquired Pre-Funding Account and the Subsequent Mortgage LoansCapitalized Interest Account (each, which will be sold to the Trust on the related Subsequent Transfer Dateas defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets (consisting of the Mortgage Loans but excluding the Pre-Funding Account and the Capitalized Interest Account, if any) and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). ) representing the "regular interests" in REMIC I. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated INITIAL REMIC I PassUNCERTIFICATED LATEST POSSIBLE DESIGNATION REMITTANCE RATE BALANCE MATURITY DATE(1) LT-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25$316,000,000.00 March 20, 2035 2029 LT-M-1 Variable(2) $ 427,710.00 September 2531,000,000.00 March 20, 2035 2029 LT-M-2 Variable(2) $ 74,650.00 September 2529,000,000.00 March 20, 2035 M-3 2029 LT-B Variable(2) $ 121,050.00 September 2524,000,000.00 March 20, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2029
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance andfor each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for the REMIC I Regular Interests shall be the 360th Distribution Date. The REMIC I Regular Interests will not be certificated. Uncertificated REMIC I Initial Uncertificated REMIC I --------------------- ------------------------------- Latest Possible Designation Pass-Through Rate Principal Balance Maturity Date AA Variable(1) $539,000,891.68 January 25, 2036 A-1 Variable(1) $2,084,920.00 January 25, 2036 A-2 Variable(1) $2,060,190.00 January 25, 2036 A-3 Variable(1) $320,890.00 January 25, 2036 M-1 Variable(1) $187,000.00 January 25, 2036 M-2 Variable(1) $165,000.00 January 25, 2036 M-3 Variable(1) $101,750.00 January 25, 2036 M-4 Variable(1) $90,750.00 January 25, 2036 M-5 Variable(1) $90,750.00 January 25, 2036 M-6 Variable(1) $79,750.00 January 25, 2036 M-7 Variable(1) $74,250.00 January 25, 2036 M-8 Variable(1) $57,750.00 January 25, 2036 M-9 Variable(1) $55,000.00 January 25, 2036 ZZ Variable(1) $5,632,018.20 January 25, 2036 (1) Calculated in accordance with the definition of "Uncertificated REMIC I Pass-Through Rate" herein. ---------------------------------------------------------------------------------------------- REMIC II As provided herein, the REMIC Administrator will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II". The Class R-II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each Class of the REMIC I II Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Aggregate Initial Certificate Pass-Through Principal Final Scheduled Designation Type Rate Balance Distribution Date Initial Uncertificated Principal Balance Latest Possible Maturity Date Ratings Moody's S&P Class X-0(0) Senior Adjustable(2) $208,492,000 November 25, 2027 Aaa AAA (13) AA Variable(2Class A-2(1) $ 395,429,412.86 September Senior Adjustable(2) $206,019,000 December 25, 2035 A Variable(2Aaa AAA (3) $ 2,836,590.00 September Class A-3(1) Senior Adjustable(2) $32,089,000 January 25, 2035 M-1 Variable(22036 Aaa AAA (3) $ 427,710.00 September Class M-1(1) Mezzanine Adjustable(2) $18,700,000 January 25, 2035 M-2 Variable(22036 Aa1 AA+ (3) $ 74,650.00 September Class M-2(1) Mezzanine Adjustable(2) $16,500,000 January 25, 2035 M-3 Variable(22036 Aa2 AA (3) $ 121,050.00 September Class M-3(1) Mezzanine Adjustable(2) $10,175,000 January 25, 2035 M-4 Variable(22036 Aa3 AA (3) $ 90,790.00 September Class M-4(1) Mezzanine Adjustable(2) $9,075,000 January 25, 2035 M-5 Variable(22036 A1 AA (3) $ 64,560.00 September Class M-5(1) Mezzanine Adjustable(2) $9,075,000 January 25, 2035 B-1 Variable(22036 A2 A+ (3) $ 88,770.00 September Class M-6(1) Mezzanine Adjustable(2) $7,975,000 January 25, 2035 B-2 Variable(22036 A3 A (3) $ 60,520.00 September Class M-7(1) Mezzanine Adjustable(2) $7,425,000 January 25, 2035 B-3 Variable(22036 Baa1 A- (3) $ 66,580.00 September Class M-8(1) Mezzanine Adjustable(2) $5,775,000 January 25, 2035 B-4 Variable(22036 Baa2 BBB+ (3) $ 199,730.00 September Class M-9(1) Mezzanine Adjustable(2) $5,500,000 January 25, 2035 ZZ Variable(22036 Baa3 BBB- (3) $ 4,039,038.02 September 25, 2035 ______________________________________Class SB Subordinate Variable(4) $13,200,910 N/A N/R N/R Interest Class R-I Residual N/A N/A N/A N/R N/R Class R-II Residual N/A N/A N/A N/R N/R
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Nc1 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Pre-Funding Accounts, the Interest Coverage Accounts, any Subsequent Mortgage Loan Interest, the Excess Reserve Fund Account, the Supplemental Interest Trust and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. I. The Class R-1 Certificates R-I Interest will be the sole class of Residual Interests (as defined herein) residual interests in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” date for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA I-LT1 Variable(2) $194,376,155.71 November 25, 2036 I-LT1PF Variable(2) $ 395,429,412.86 September 55,623,744.29 November 25, 2035 A 2000 X-XX0 Variable(2) $596,439,449.93 November 25, 2036 I-LT2PF Variable(2) $103,560,550.07 November 25, 2000 X-XXX Variable(2) $ 2,836,590.00 September 100.00 November 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2036 ______________________________________
Appears in 1 contract
PRELIMINARY STATEMENT. The In exchange for the Certificates, the Depositor is the owner of hereby conveys the Trust Fund that is hereby conveyed Estate to the Trustee to create the Trust. The Trust Estate for federal income tax purposes will be treated as two separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC," respectively, and each, a "REMIC"). The Certificates (other than the Class 1-A-R Certificate) are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in return for the CertificatesUpper-Tier REMIC within the meaning of the REMIC Provisions. On or prior to The Class UR Interest shall constitute the Closing Date, "residual interest" in the Depositor acquired Upper-Tier REMIC within the Initial Mortgage Loans from meaning of the SellerREMIC Provisions. On The Uncertificated Lower-Tier Interests shall constitute the Closing Date, "regular interests" in the Depositor Lower-Tier REMIC within the meaning of the REMIC Provisions. The Class LR Interest shall constitute the "residual interest" in the Lower-Tier REMIC within the meaning of the REMIC Provisions. The Class 1-A-R Certificate shall represent ownership of the Class LR Interest and the Class UR Interest. The Certificates and the Uncertificated Lower-Tier Interests will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing represent the entire beneficial ownership interest in the Trust FundTrust. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) The "latest possible maturity date" for federal income tax purposes, and such segregated pool purposes of assets will be designated as “REMIC I”. The Class R-1 Certificates all interests created hereby will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein)Certificate Maturity Date. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each characteristics of the REMIC I Regular Interests (as defined herein). None Certificates, together with the minimum denominations and integral multiples in excess thereof in which the Classes of the REMIC I Regular Interests will Certificates shall be certificated. Designation Uncertificated REMIC I Passissuable: INITIAL CLASS PASS- CERTIFICATE THROUGH MINIMUM INTEGRAL MULTIPLES IN CLASSES BALANCE RATE DENOMINATION EXCESS OF MINIMUM ----------- --------------- ------- ------------ --------------------- Class 1-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date A-1 $196,119,000.00 (1) AA Variable(2$ 1,000 $ 1 Class 1-A-2 $ 20,405,000.00 (1) $ 395,429,412.86 September 25, 2035 A Variable(21,000 $ 1 Class 1-A-R $ 100.00 (1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2100 N/A Class 2-A-1 $192,425,000.00 (2) $ 427,710.00 September 25, 2035 M-2 Variable(21,000 $ 1 Class 2-A-2 $ 20,021,000.00 (2) $ 74,650.00 September 25, 2035 M-3 Variable(21,000 $ 1 Class 3-A-1 $ 97,840,000.00 (3) $ 121,050.00 September 25, 2035 M-4 Variable(21,000 $ 1 Class 3-A-2 $ 10,180,000.00 (3) $ 90,790.00 September 25, 2035 M-5 Variable(21,000 $ 1 Class B-1 $ 14,621,000.00 (4) $25,000 $ 64,560.00 September 25, 2035 B-1 Variable(21 Class B-2 $ 3,936,000.00 (4) $25,000 $ 88,770.00 September 25, 2035 B-2 Variable(21 Class B-3 $ 2,531,000.00 (4) $25,000 $ 60,520.00 September 25, 2035 B-3 Variable(21 Class B-4 $ 1,406,000.00 (4) $25,000 $ 66,580.00 September 25, 2035 B-4 Variable(21 Class B-5 $ 1,405,000.00 (4) $25,000 $ 199,730.00 September 25, 2035 ZZ Variable(21 Class B-6 $ 1,406,497.00 (4) $25,000 $ 4,039,038.02 September 25, 2035 ______________________________________1
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-F Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundMortgage Loans (as defined herein). On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans and certain other related assets subject to this Agreement REMIC I as three real estate mortgage investment conduits (other than the Reserve Fundeach, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein"REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes terms and provisions of the REMIC Provisions (Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Standard Terms, the terms and provisions of this Series Supplement shall govern. All capitalized terms not otherwise defined herein)herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I type, Pass-Through Rate, the aggregate Initial Certificate Principal Balance, Assumed Final Distribution Date, initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ratings and certain features for each Class of Certificates comprising the REMIC I Regular Interests (as defined herein)interests in the Trust Fund created hereunder. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I PassAGGREGATE INITIAL ASSUMED FINAL FITCH/ PASS-Through THROUGH CERTIFICATE DISTRIBUTION --------------------- MINIMUM DESIGNATION RATE PRINCIPAL BALANCE FEATURES(1) DATE MOODY'S/S&P DENOMINATIONS(2) I-A-1 6.00% $221,377,000.00 Senior/PAC/Fixed Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September May 25, 2035 A Variable(2) $ 2,836,590.00 September 2037 AAA/Aaa/AAA $25,000.00 I-A-2 6.00% $64,063,000.00 Senior/Super May 25, 2035 M-1 Variable(2) $ 427,710.00 September 2037 AAA/Aaa/AAA $25,000.00 Senior/PAC/Fixed Rate I-A-3 6.00% $16,251,000.00 Senior/Accrual/Companion/ May 25, 2035 M-2 Variable(2) $ 74,650.00 September 2037 AAA/Aaa/AAA $25,000.00 Fixed Rate I-A-4 6.00% $43,289,000.00 Senior/Super May 25, 2035 M-3 Variable(2) $ 121,050.00 September 2037 AAA/Aaa/AAA $25,000.00 Senior/Lockout/Fixed Rate Senior/TAC/Companion/ I-A-5 Adjustable $94,797,000.00 Floater/Accretion May 25, 2035 M-4 Variable(22037 AAA/Aaa/AAA $25,000.00 Rate(3) $ 90,790.00 September Directed/Adjustable Rate I-A-6 Adjustable $0.00(4) Senior/Interest Only/Inverse May 25, 2035 M-5 Variable(22037 AAA/Aaa/AAA $2,000,000.00 Rate(3) $ 64,560.00 September Floater/Adjustable Rate Senior/TAC/Floater/Accretion Adjustable Directed/Companion/ I-A-7 Rate(3) $50,000,000.00 ----------------------------- May 25, 2035 B-1 Variable(22037 AAA/Aaa/AAA $25,000.00 Adjustable Rate Senior/ Interest I-A-8 Adjustable $0.00(4) $ 88,770.00 September Only/Inverse May 25, 2035 B-2 Variable(22037 AAA/Aaa/AAA $2,000,000.00 Rate(3) $ 60,520.00 September Floater/Adjustable Rate I-A-9 6.00% $6,711,000.00 Senior/Senior May 25, 2035 B-3 Variable(2) $ 66,580.00 September 2037 AAA/Aa1/AAA $25,000.00 Support/Lockout/Fixed Rate II-A-1 6.75% $238,127,000.00 Senior/Super Senior/Fixed June 25, 2035 B-4 Variable(2) $ 199,730.00 September 2037 AAA/Aaa/AAA $25,000.00 Rate II-A-2 6.75% $15,876,000.00 Senior/Senior Support/Fixed June 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 2037 AAA/NA/AAA $25,000.00 Rate I-A-P 0.00% $855,431.85 Senior/Principal Only May 25, 2035 2037 AAA/Aaa/AAA $25,000.00 I-A-V Variable $0.00(6) Senior/Interest May 25, 2037 AAA/Aaa/AAA $2,000,000.00 Rate(5) Only/Variable Rate II-A-P 0.00% $1,738,327.50 Senior/Principal Only June 25, 2037 AAA/Aaa/AAA $25,000.00 II-A-V Variable $0.00(6) Senior/Interest June 25, 2037 AAA/Aaa/AAA $2,000,000.00 Xxxx(0) Only/Variable Rate R-I 6.00% $100.00 Senior/Residual/Fixed Rate May 25, 2037 AAA/Aaa/AAA (7) R-II 6.75% $100.00 Senior/Residual/Fixed Rate June 25, 2037 AAA/Aaa/AAA (7) R-III 6.75% $100.00 Senior/Residual/Fixed Rate June 25, 2037 AAA/Aaa/AAA (7) Class P(9) 0.00% $100.00 Senior/Prepayment Charge May 25, 2037 AAA/Aaa/AAA $100.00 M-1 Variable $24,903,300.00 Mezzanine/Variable Rate June 25, 2037 AA/NA/NA $25,000.00 Rate(8) M-2 Variable $8,434,600.00 Mezzanine/Variable Rate June 25, 2037 A/NA/NA $250,000.00 Rate(8) M-3 Variable $6,426,300.00 Mezzanine/Variable Rate June 25, 2037 BBB/NA/NA $250,000.00 Rate(8) B-1 Variable $4,016,500.00 Subordinate/Variable Rate June 25, 2037 BB/NA/NA $250,000.00 Rate(8) B-2 Variable $3,213,100.00 Subordinate/Variable Rate June 25, 2037 B/NA/NA $250,000.00 Rate(8) B-3 Variable $3,213,247.69 Subordinate/Variable Rate June 25, 2037 NA/NA/NA $250,000.00 Rate(8) ______________________________________
Appears in 1 contract
Samples: RALI Series 2007-Qs7 Trust
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eight classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I ------- As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Cap Contract, the Principal Reserve Fund and the Carryover Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates R-I Interest will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Uncertificated Principal Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date ----------- ----------------- ------- ------------- LT-AA Variable (1) AA Variable(2$ 245,000,000.00 June 2033 LT-1A1 Variable (1) $ 395,429,412.86 September 25, 2035 A Variable(2500,000.00 June 2033 LT-2A1 Variable (1) $1,706,250.00 June 2033 LT-M1 Variable (1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2118,750.00 June 2033 LT-M2 Variable (1) $ 427,710.00 September 25, 2035 M-2 Variable(293,750.00 June 2033 LT-M3 Variable (1) $ 74,650.00 September 25, 2035 M-3 Variable(243,750.00 June 2033 LT-B1 Variable (1) $ 121,050.00 September 25, 2035 M-4 Variable(237,500.00 June 2033 LT-ZZ Variable (1) $ 90,790.00 September 25, 2035 M-5 Variable(22,500,000.00 June 0000 XX-X Variable (1) $ 64,560.00 September 25, 2035 B-1 Variable(2100.00 June 2033 LT-AR Variable (1) $ 88,770.00 September 25, 2035 B-2 Variable(2100.00 June 2033 LT-1SUB Variable (1) $ 60,520.00 September 25, 2035 B-3 Variable(21,331.35 June 2033 LT-1GRP Variable (1) $ 66,580.00 September 25, 2035 B-4 Variable(211,331.37 June 2033 LT-2SUB Variable (1) $ 199,730.00 September 25, 2035 ZZ Variable(24,543.62 June 2033 LT-2GRP Variable (1) $ 4,039,038.02 September 25, 2035 38,668.62 June 2033 LT-XX Variable (1) $ 249,944,124.98 June 2033 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass- Through Rate. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC II. The Class R-II Interest will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC II Regular Certificates shall be the 360th Distribution Date. AGGREGATE INITIAL CERTIFICATE PRINCIPAL FINAL SCHEDULED DESIGNATION PASS-THROUGH RATE BALANCE DISTRIBUTION DATE ----------- ----------------- ------- ----------------- Class 1-A-1 (1) $100,000,000 June 2033 Class 2-A-1 (1) $341,250,000 June 2033 Class M-1 (1) $ 23,750,000 March 2033 Class M-2 (1) $ 18,750,000 February 2033 Class M-3 (1) $ 8,750,000 October 2032 Class B-1 (1) $ 7,500,000 March 2032 Class C (2) $ 0 June 2033 Class P (3) $ 100 June 2033
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2003 Bc2)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundMortgage Loans (as defined herein). On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the entire segregated pool of assets consisting of relating to the Mortgage Loans and certain other related assets subject to this Agreement (other than Loans, as described in the Reserve Funddefinition of REMIC I below, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance andBalance, and solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated RELATED CLASSES INITIAL DESIGNATION OF CERTIFICATES REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1UNCERTIFICATED LATEST POSSIBLE DATE REMITTANCE RATE BALANCE MATURITY DATE(1) AA Variable(2) $ 395,429,412.86 LT1 Class A-2, Class 6.75% $253,460,553.71 September 25, 2035 A Variable(2) $ 2,836,590.00 A-4, Class A-6, 2031 Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II LT2 Class A-5 6.70% $18,000,000.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 2031 LT3 Class A-1, Class 6.75% $25,000,000.00 September 25, 2035 M-2 Variable(2A-3 2031 LTIO Class IO (2) $ 74,650.00 $0.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 2031 LTPO Class PO 0.00% $890,103.96 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2031
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eight classes (each, a "Class"), which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer DateFund (as defined herein), consisting primarily of the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on Pre-Funding Accounts and the related Subsequent Transfer DateInterest Coverage Accounts (each, as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans REMIC I (as defined herein) and certain other related assets subject to this Agreement (other than including the Reserve Fund, Mortgage Loans but excluding the Pre-Funding Account Accounts and the Interest Coverage AccountAccounts) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as “"REMIC I”. I." The Uncertificated REMIC I Regular Interests (as defined herein) will be "regular interests" in REMIC I and the Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under the federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1DESIGNATION REMITTANCE RATE UNCERTIFICATED BALANCE MATURITY DATE(1) AA ----------- --------------- ---------------------- ---------------- LT-AYI Variable(2) $264,600,000.00 January 25, 0000 XX-XXX Variable(2) $ 395,429,412.86 September 29,400,000.00 January 25, 2035 A 2028 LT-AYII Variable(2) $135,000,000.00 January 25, 2028 LT-AZII Variable(2) $ 2,836,590.00 September 15,000,000.00 January 25, 2035 M-1 2028 LT-FY Variable(2) $140,400,000.00 January 25, 2028 LT-FZ Variable(2) $ 427,710.00 September 15,600,000.00 January 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2028 -----------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Southern Pacific Secured Assets Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eleven classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets (exclusive of the Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass- Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassLATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT1-AI-AA Variable(2Variable(1) $ 395,429,412.86 September 490,000,582.94 May 25, 2035 A Variable(22033 LT1-AI-1 Variable(1) $ 2,836,590.00 September 1,686,000.00 May 25, 2035 M-1 Variable(22033 LT1-AI-2 Variable(1) $ 427,710.00 September 548,000.00 May 25, 2035 M-2 Variable(22033 LT1-AI-3 Variable(1) $ 74,650.00 September 912,000.00 May 25, 2035 M-3 Variable(22033 LT1-AI-4 Variable(1) $ 121,050.00 September 794,000.00 May 25, 2035 M-4 Variable(22033 LT1-AI-5 Variable(1) $ 90,790.00 September 560,000.00 May 25, 2035 M-5 Variable(22033 LT1-AI-6 Variable(1) $ 64,560.00 September 500,000.00 May 25, 2035 B-1 Variable(22033 LT1-AI-ZZ Variable(1) $ 88,770.00 September 5,000,011.90 May 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2033 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE AA Variable(1) AA Variable(2) $ 395,429,412.86 September $509,600,015.05 March 25, 2035 A Variable(22036 A-1 Variable(1) $ 2,836,590.00 September $2,033,820 March 25, 2035 M-1 Variable(22036 A-2 Variable(1) $ 427,710.00 September $1,785,600 March 25, 2035 M-2 Variable(22036 A-3 Variable(1) $ 74,650.00 September $246,980 March 25, 2035 M-3 Variable(22036 M-1 Variable(1) $ 121,050.00 September $195,000 March 25, 2035 M-4 Variable(22036 M-2 Variable(1) $ 90,790.00 September $176,800 March 25, 2035 M-5 Variable(22036 M-3 Variable(1) $ 64,560.00 September $101,400 March 25, 2035 B-1 Variable(22036 M-4 Variable(1) $ 88,770.00 September $93,600 March 25, 2035 B-2 Variable(22036 M-5 Variable(1) $ 60,520.00 September $85,800 March 25, 2035 B-3 Variable(22036 M-6 Variable(1) $ 66,580.00 September $83,200 March 25, 2035 B-4 Variable(22036 M-7 Variable(1) $ 199,730.00 September $78,000 March 25, 2035 ZZ Variable(22036 M-8 Variable(1) $ 4,039,038.02 September $65,000 March 25, 2035 ______________________________________2036 M-9 Variable(1) $52,000 March 25, 2036 M-10 Variable(1) $52,000 March 25, 2036 ZZ Variable(1) $5,350,800.31 March 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Nc3 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE I-1-A Variable(1) $ 395,429,412.86 September 25, 1,716,312.97 November 2035 I-1-B Variable(1) 1,716,312.97 November 2035 I-2-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2,306,628.22 November 2035 M-1 Variable(2I-2-B Variable(1) $ 427,710.00 September 25, 2,306,628.22 November 2035 M-2 Variable(2I-3-A Variable(1) $ 74,650.00 September 25, 2,899,246.90 November 2035 M-3 Variable(2I-3-B Variable(1) $ 121,050.00 September 25, 2,899,246.90 November 2035 M-4 Variable(2I-4-A Variable(1) $ 90,790.00 September 25, 3,489,554.66 November 2035 M-5 Variable(2I-4-B Variable(1) $ 64,560.00 September 25, 3,489,554.66 November 2035 B-1 Variable(2I-5-A Variable(1) $ 88,770.00 September 25, 4,071,632.07 November 2035 B-2 Variable(2I-5-B Variable(1) $ 60,520.00 September 25, 4,071,632.07 November 2035 B-3 Variable(2I-6-A Variable(1) $ 66,580.00 September 25, 4,635,628.22 November 2035 B-4 Variable(2I-6-B Variable(1) $ 199,730.00 September 25, 4,635,628.22 November 2035 ZZ Variable(2I-7-A Variable(1) $ 4,039,038.02 September 25, 5,179,183.18 November 2035 ______________________________________I-7-B Variable(1) 5,179,183.18 November 2035 I-8-A Variable(1) 5,691,326.93 November 2035 I-8-B Variable(1) 5,691,326.93 November 2035 I-9-A Variable(1) 6,155,311.87 November 2035 I-9-B Variable(1) 6,155,311.87 November 2035 I-10-A Variable(1) 6,547,084.08 November 2035 I-10-B Variable(1) 6,547,084.08 November 2035 I-11-A Variable(1) 6,805,347.07 November 2035 I-11-B Variable(1) 6,805,347.07 November 2035 I-12-A Variable(1) 6,773,138.34 November 2035 I-12-B Variable(1) 6,773,138.34 November 2035 I-13-A Variable(1) 6,472,697.76 November 2035 I-13-B Variable(1) 6,472,697.76 November 2035 I-14-A Variable(1) 6,185,816.86 November 2035 I-14-B Variable(1) 6,185,816.86 November 2035 I-15-A Variable(1) 5,911,881.59 November 2035 I-15-B Variable(1) 5,911,881.59 November 2035 I-16-A Variable(1) 5,650,173.72 November 2035 I-16-B Variable(1) 5,650,173.72 November 2035 I-17-A Variable(1) 5,400,364.16 November 2035 I-17-B Variable(1) 5,400,364.16 November 2035 I-18-A Variable(1) 5,161,733.35 November 2035 I-18-B Variable(1) 5,161,733.35 November 2035 I-19-A Variable(1) 4,933,701.52 November 2035 I-19-B Variable(1) 4,933,701.52 November 2035 I-20-A Variable(1) 4,715,415.38 November 2035 I-20-B Variable(1) 4,715,415.38 November 2035 I-21-A Variable(1) 4,506,020.44 November 2035 I-21-B Variable(1) 4,506,020.44 November 2035 I-22-A Variable(1) 4,304,276.90 November 2035 I-22-B Variable(1) 4,304,276.90 November 2035 I-23-A Variable(1) 4,113,408.27 November 2035 I-23-B Variable(1) 4,113,408.27 November 2035 I-24-A Variable(1) 36,308,150.41 November 2035 I-24-B Variable(1) 36,308,150.41 November 2035 I-25-A Variable(1) 2,225,014.66 November 2035 I-25-B Variable(1) 2,225,014.66 November 2035 I-26-A Variable(1) 2,133,166.04 November 2035 I-26-B Variable(1) 2,133,166.04 November 2035 I-27-A Variable(1) 2,045,191.47 November 2035 I-27-B Variable(1) 2,045,191.47 November 2035 I-28-A Variable(1) 1,960,980.45 November 2035 I-28-B Variable(1) 1,960,980.45 November 2035 I-29-A Variable(1) 1,880,384.93 November 2035 I-29-B Variable(1) 1,880,384.93 November 2035 I-30-A Variable(1) 1,803,235.76 November 2035 I-30-B Variable(1) 1,803,235.76 November 2035 I-31-A Variable(1) 1,729,283.42 November 2035 I-31-B Variable(1) 1,729,283.42 November 2035 I-32-A Variable(1) 1,658,418.80 November 2035 I-32-B Variable(1) 1,658,418.80 November 2035 I-33-A Variable(1) 1,590,489.63 November 2035 I-33-B Variable(1) 1,590,489.63 November 2035 I-34-A Variable(1) 1,525,231.67 November 2035 I-34-B Variable(1) 1,525,231.67 November 2035 I-35-A Variable(1) 1,462,419.95 November 2035 I-35-B Variable(1) 1,462,419.95 November 2035 I-36-A Variable(1) 16,439,368.64 November 2035 I-36-B Variable(1) 16,439,368.64 November 2035 I-37-A Variable(1) 633,328.04 November 2035 I-37-B Variable(1) 633,328.04 November 2035 I-38-A Variable(1) 612,524.88 November 2035 I-38-B Variable(1) 612,524.88 November 2035 I-39-A Variable(1) 592,414.43 November 2035 I-39-B Variable(1) 592,414.43 November 2035 I-40-A Variable(1) 572,973.28 November 2035 I-40-B Variable(1) 572,973.28 November 2035 I-41-A Variable(1) 554,179.36 November 2035 I-41-B Variable(1) 554,179.36 November 2035 I-42-A Variable(1) 536,010.11 November 2035 I-42-B Variable(1) 536,010.11 November 2035 I-43-A Variable(1) 518,443.50 November 2035 I-43-B Variable(1) 518,443.50 November 2035 I-44-A Variable(1) 501,459.72 November 2035 I-44-B Variable(1) 501,459.72 November 2035 I-45-A Variable(1) 485,039.81 November 2035 I-45-B Variable(1) 485,039.81 November 2035 I-46-A Variable(1) 469,164.61 November 2035 I-46-B Variable(1) 469,164.61 November 2035 I-47-A Variable(1) 453,815.33 November 2035 I-47-B Variable(1) 453,815.33 November 2035 I-48-A Variable(1) 438,974.13 November 2035 I-48-B Variable(1) 438,974.13 November 2035 I-49-A Variable(1) 13,050,452.56 November 2035 I-49-B Variable(1) 13,050,452.56 November 2035 A-I Variable(1) 13,388,488.72 November 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2005-Rz4 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in seventeen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account and the Swap Agreement subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the Distribution Date immediately succeeding the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED INITIAL UNCERTIFICATED REMIC I PassREMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE AA Variable(1) AA Variable(2) $ 395,429,412.86 September $367,500,047.79 November 25, 2035 A Variable(22036 A-1 Variable(1) $ 2,836,590.00 September $1,158,700 November 25, 2035 M-1 Variable(22036 A-2 Variable(1) $ 427,710.00 September $687,280 November 25, 2035 M-2 Variable(22036 A-3 Variable(1) $ 74,650.00 September $929,040 November 25, 2035 M-3 Variable(22036 A-4 Variable(1) $ 121,050.00 September $509,980 November 25, 2035 M-4 Variable(22036 M-1 Variable(1) $ 90,790.00 September $84,370 November 25, 2035 M-5 Variable(22036 M-2 Variable(1) $ 64,560.00 September $78,750 November 25, 2035 B-1 Variable(22036 M-3 Variable(1) $ 88,770.00 September $46,870 November 25, 2035 B-2 Variable(22036 M-4 Variable(1) $ 60,520.00 September $43,120 November 25, 2035 B-3 Variable(22036 M-5 Variable(1) $ 66,580.00 September $41,250 November 25, 2035 B-4 Variable(22036 M-6 Variable(1) $ 199,730.00 September $31,870 November 25, 2035 ZZ Variable(22036 M-7 Variable(1) $ 4,039,038.02 September $26,250 November 25, 2035 ______________________________________2036 M-8 Variable(1) $24,370 November 25, 2036 M-9 Variable(1) $28,120 November 25, 2036 B Variable(1) $31,870 November 25, 2036 ZZ Variable(1) $3,778,160.98 November 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rs6 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in ten classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I ------- As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Corridor Contract and the Carryover Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 Certificates R-I Interest will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated Uncertificated REMIC I Principal Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date ----------- ----------------- --------------- ------------- LT-AA (1) AA Variable(2$1,019,199,235.89 January 2034 LT-A1 (1) $ 395,429,412.86 September 25, 2035 A Variable(28,595,600.00 January 2034 LT-M1 (1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2650,000.00 January 2034 LT-M2 (1) $ 427,710.00 September 25, 2035 M-2 Variable(2520,000.00 January 2034 LT-M3 (1) $ 74,650.00 September 25, 2035 M-3 Variable(2156,000.00 January 2034 LT-M4 (1) $ 121,050.00 September 25, 2035 M-4 Variable(2156,000.00 January 2034 LT-M5 (1) $ 90,790.00 September 25, 2035 M-5 Variable(2130,000.00 January 2034 LT-B (1) $ 64,560.00 September 25, 2035 B-1 Variable(2104,000.00 January 2034 LT-ZZ (1) $ 88,770.00 September 25, 2035 B-2 Variable(210,488,384.41 January 0000 XX-X (1) $ 60,520.00 September 25, 2035 B-3 Variable(2100.00 January 2034 LT-R (1) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 100.00 January 2034 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004 Bc1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I Pass------------------------ INITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-1 Variable(1) $ 395,429,412.86 September 644,891,846.69 August 25, 2035 A Variable(22036 LT-2 Variable(1) $ 2,836,590.00 September 20,535.77 August 25, 2035 M-1 Variable(22036 LT-3 0.00% $ 43,964.27 August 25, 2036 LT-4 Variable(1) $ 427,710.00 September 43,964.27 August 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC II. Component II of the Class R Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, month of Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC II Regular Interests shall be the Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2006-Emx6 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fourteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated CLASS DESIGNATION FOR EACH REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1REGULAR INTEREST AND COMPONENT I INITIAL CLASS OF THE CLASS R TYPE OF CERTIFICATE PRINCIPAL FINAL MATURITY CERTIFICATES INTEREST INTEREST RATE BALANCE DATE* Class Y-1 Regular Variable(1) AA 24,489.08 March 2035 Class Y-2 Regular Variable(2) $ 395,429,412.86 September 25, 80,392.92 March 2035 A Class Y-3 Regular Variable(3) 11,078.35 March 2035 Class Y-4 Regular Variable(4) 42,786.20 March 2035 Class Y-5 Regular Variable(5) 39,490.25 March 2035 Class Z-1 Regular Variable(1) 49,649,343.14 March 2035 Class Z-2 Regular Variable(2) $ 2,836,590.00 September 25, 162,989,191.00 March 2035 M-1 Variable(2Class Z-3 Regular Variable(3) $ 427,710.00 September 25, 22,460,334.43 March 2035 M-2 Variable(2Class Z-4 Regular Variable(4) $ 74,650.00 September 25, 85,529,618.07 March 2035 M-3 Variable(2Class Z-5 Regular Variable(5) $ 121,050.00 September 25, 78,940,999.91 March 2035 M-4 Variable(2Component I of the Class R+ Residual Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________100.00 March 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gmacm Mortgage Loan Trust 2005-Ar1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated CLASS DESIGNATION FOR EACH REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1REGULAR INTEREST AND COMPONENT I INITIAL CLASS OF THE CLASS R TYPE OF CERTIFICATE PRINCIPAL FINAL MATURITY CERTIFICATES INTEREST INTEREST RATE BALANCE DATE* Class Y-1 Regular Variable(1) AA $124,800.08 April 2036 Class Y-2 Regular Variable(2) $ 395,429,412.86 September 25, 2035 A 66,387.09 Class Y-3 Regular Variable(3) $ 63,133.57 April 2036 Class Z-1 Regular Variable(1) $249,490,289.33 Class Z-2 Regular Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2$132,715,730.04 April 2036 Class Z-3 Regular Variable(3) $ 427,710.00 September 25, 2035 M-2 Variable(2$126,204,013.95 April 2036 Component I of the Class R+ Residual Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________0.00 April 2036
Appears in 1 contract
Samples: Execution (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in twenty-two Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Hedge Agreements) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 R Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated CLASS DESIGNATION REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date INITIAL CLASS FINAL FOR EACH REMIC I RELATED CLASS OF TYPE OF INTEREST PRINCIPAL MATURITY REGULAR INTEREST CERTIFICATES INTEREST RATE BALANCE DATE* A-3, A-5, A-6, A-7, A-10, A-11, A-12, M-1, X-0, X-0, X-0, X-0 xxx X-0 xxx Xxxxxxxxx XX xx xxx LT1 Class R Regular 5.75% $96,971,775.00 July 2035 LT2 A-1, A-12, A-8 and A-9 Regular 5.75% $65,850,000.00 Xxxx 0000 LT3 A-2 and A-8 Regular 5.75% $40,000,000.00 July 2035 LT4 A-4 and A-12 Regular 5.75% $14,656,325.00 July 2035 $ LTPO PO Regular 0.00% 1,508,222.00 July 2035 LTIO IO Regular (1) AA Variable(2) $ 395,429,412.86 September 250.00 July 2035 * The Distribution Date in the specified month, 2035 A Variable(2) $ 2,836,590.00 September 25which is the month following the month the latest maturing Mortgage Loan matures. For federal income tax purposes, 2035 M-1 Variable(2) $ 427,710.00 September 25for each Class of REMIC I Regular and Residual Interests, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________the "latest possible maturity date" shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gmacm Mortgage Loan Trust 2005-Af1)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell home equity loan pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED INITIAL UNCERTIFICATED REMIC I PassREMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date THROUGH RATE PRINCIPAL BALANCE MATURITY DATE ----------- ----------------- ---------------------- --------------- [AA (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 $[_____________] [_], 25, 200[_] A-1 (1) $[_____________] [_], 25, 200[_] A-2 (1) $[_____________] [_], 25, 200[_] A-3 (1) $[_____________] [_], 25, 200[_] M-1 (1) $[_____________] [_], 25, 200[_] M-2 (1) $[_____________] [_], 25, 200[_] M-3 (1) $[_____________] [_], 25, 200[_] M-4 (1) $[_____________] [_], 25, 200[_] M-5 (1) $[_____________] [_], 25, 200[_] M-6 (1) $[_____________] [_], 25, 200[_] M-7 (1) $[_____________] [_], 25, 200[_] M-8 (1) $[_____________] [_], 25, 200[_] M-9 (1) $[_____________] [_], 25, 200[_] M-10 (1) $[_____________] [_], 25, 200[_] ZZ] (1) $[_____________] [_], 25, 200[_]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities Ii Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in seventeen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans, Group II Loans, Group III Loans Group IV Loans and Group V Loans, and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the Uncertificated "REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the date set forth below. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassLATEST POSSIBLE MATURITY DESIGNATION REMIC I PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date THROUGH RATE PRINCIPAL BALANCE DATE ------------------- ------------------------- ---------------------- ------------------------ I-SUB 6.00 $342.01 Jun 25, 2017 I- ZZZ 6.00% $38,271,659.72 June 25, 2017 II-SUB 7.50% $243.67 August 25, 2019 II-ZZZ 7.50% $27,216,463.65 August 25, 2019 III-SUB 7.00% $290.91 March 25, 2032 III-ZZZ 7.00% $32,719,832.63 March 25, 2032 IV-SUB 7.50% $342.82 March 25, 2032 IV-ZZZ 7.50% $38,946,819.63 March 25, 2032 V-SUB 8.00% $266.84 October 25, 2031 V-ZZZ 8.00% $30,313,160.92 October 25, 2031 A-PO 0.00% $1,390,306.07 March 25, 2032 REMIC I IO Regular Interests (1) AA Variable(2(2) $ 395,429,412.86 September March 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2032
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2005 SL2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Initial Uncertificated REMIC I Uncertificated REMIC I Latest Possible Designation Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date AA (1) AA Variable(2$283,636,001.18 December 2035 A-1 (1) $1,357,000.00 December 2035 A-2 (1) $698,840.00 December 2035 A-3 (1) $493,000.00 December 2035 M-1 (1) $125,900.00 December 2035 M-2 (1) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 88,270.00 December 2035 M-3 Variable(2(1) $ 121,050.00 September 25, $34,730.00 December 2035 M-4 Variable(2(1) $ 90,790.00 September 25, $14,470.00 December 2035 M-5 Variable(2(1) $ 64,560.00 September 25, $28,940.00 December 2035 B-1 Variable(2B (1) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, $14,470.00 December 2035 ZZ Variable(2(1) $ 4,039,038.02 September 25, 2035 ______________________________________$2,894,244.91 December 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2005-Sp3 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in sixteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the Distribution Date immediately succeeding the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE AA Variable(1) AA Variable(2) $ 395,429,412.86 $382,200,132.84 September 25, 2035 A Variable(22036 A-1 Variable(1) $ 2,836,590.00 $1,437,340 September 25, 2035 M-1 Variable(22036 A-2 Variable(1) $ 427,710.00 $289,030 September 25, 2035 M-2 Variable(22036 A-3 Variable(1) $ 74,650.00 $1,047,760 September 25, 2035 M-3 Variable(22036 A-4 Variable(1) $ 121,050.00 $657,870 September 25, 2035 M-4 Variable(22036 M-1 Variable(1) $ 90,790.00 $107,250 September 25, 2035 M-5 Variable(22036 M-2 Variable(1) $ 64,560.00 $70,200 September 25, 2035 B-1 Variable(22036 M-3 Variable(1) $ 88,770.00 $40,950 September 25, 2035 B-2 Variable(22036 M-4 Variable(1) $ 60,520.00 $37,050 September 25, 2035 B-3 Variable(22036 M-5 Variable(1) $ 66,580.00 $29,250 September 25, 2035 B-4 Variable(22036 M-6 Variable(1) $ 199,730.00 $25,350 September 25, 2035 ZZ Variable(22036 M-7 Variable(1) $ 4,039,038.02 $23,400 September 25, 2035 ______________________________________2036 M-8 Variable(1) $21,450 September 25, 2036 M-9 Variable(1) $39,000 September 25, 2036 ZZ Variable(1) $3,974,102.72 September 25, 2036
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in twelve Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement, the Supplemental Interest Trust Account and the Swap Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAAC Series 2006-Sp3 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing aggregate shall evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund shall consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I ------- As provided herein, the Securities Administrator, on behalf of the Trustee will shall elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carryover Reserve Account, the Swap Account and the Interest Rate Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will shall be designated as “"REMIC I”. I." The Class R-1 Certificates will R-I Interest shall be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will shall be certificated. Designation Uncertificated Initial REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Balance ($) Maturity Date (1Date(1) AA ----------- --------------- ----------- ---------------- I-LT1SWAP1 Variable(2) $ 395,429,412.86 September 10,134,320.51 March 25, 2035 A I-LT1SWAP2 Variable(2) $ 2,836,590.00 September 12,407,426.35 Xxxxx 00, 0000 X-XX0XXXX0 Variable(2) 14,658,477.67 Xxxxx 00, 0000 X-XX0XXXX0 Variable(2) 16,870,852.49 Xxxxx 00, 0000 X-XX0XXXX0 Variable(2) 19,026,230.23 Xxxxx 00, 0000 X-XX0XXXX0 Variable(2) 21,106,035.44 Xxxxx 00, 0000 X-XX0XXXX0 Variable(2) 23,091,500.73 Xxxxx 00, 0000 X-XX0XXXX0 Variable(2) 24,927,863.61 Xxxxx 00, 0000 X-XX0XXXX0 Variable(2) 26,149,409.62 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 27,204,146.85 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 26,090,447.46 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 25,022,835.02 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 23,999,386.90 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 23,018,261.11 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 22,077,692.97 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 21,175,991.80 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 20,311,537.82 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 19,482,779.21 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 18,688,229.16 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 17,926,463.21 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 17,957,757.17 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 53,397,822.32 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 196,218,518.21 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 12,809,784.49 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 11,203,970.96 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 5,105,214.43 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 4,904,361.38 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 4,711,856.65 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 4,527,336.12 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 4,350,452.13 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 4,180,872.75 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 4,018,281.05 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 3,862,374.40 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 4,040,572.05 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 33,011,682.63 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,956,727.85 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,897,709.07 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,840,459.08 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,784,925.15 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,731,056.06 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,678,802.16 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,628,115.27 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,578,948.62 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,531,256.86 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,484,995.97 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,440,123.22 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,396,597.19 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,354,377.67 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,313,425.65 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 1,273,703.27 Xxxxx 00, 0000 X-XX0XXXX00 Variable(2) 40,437,078.52 Xxxxx 00, 0000 X-XXX Variable(2) 100.00 March 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2035
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. On or prior to the Closing Date, the Depositor acquired the Initial Mortgage Loans from the SellerSponsor. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, any Prepayment Charge Waiver Amounts and, for the Pre-Funding avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Swap Account and any rights or obligations in respect of the Interest Coverage AccountSwap Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 I-1-A Variable(2) $ 2,836,590.00 September 9,149,213.37 April 25, 2035 M-1 2036 I-1-B Variable(2) $ 427,710.00 September 9,149,213.37 April 25, 2035 M-2 2036 I-2-A Variable(2) $ 74,650.00 September 8,824,267.53 April 25, 2035 M-3 2036 I-2-B Variable(2) $ 121,050.00 September 8,824,267.53 April 25, 2035 M-4 2036 I-3-A Variable(2) $ 90,790.00 September 8,510,841.57 April 25, 2035 M-5 2036 I-3-B Variable(2) $ 64,560.00 September 8,510,841.57 April 25, 2035 B-1 2036 I-4-A Variable(2) $ 88,770.00 September 8,208,527.64 April 25, 2035 B-2 2036 I-4-B Variable(2) $ 60,520.00 September 8,208,527.64 April 25, 2035 B-3 2036 I-5-A Variable(2) $ 66,580.00 September 7,916,932.32 April 25, 2035 B-4 2036 I-5-B Variable(2) $ 199,730.00 September 7,916,932.32 April 25, 2035 ZZ 2036 I-6-A Variable(2) $ 4,039,038.02 September 7,635,676.10 April 25, 2035 2036 I-6-B Variable(2) $ 7,635,676.10 April 25, 2036 I-7-A Variable(2) $ 7,364,392.90 April 25, 2036 I-7-B Variable(2) $ 7,364,392.90 April 25, 2036 I-8-A Variable(2) $ 7,102,729.57 April 25, 2036 I-8-B Variable(2) $ 7,102,729.57 April 25, 2036 I-9-A Variable(2) $ 6,850,345.48 April 25, 2036 I-9-B Variable(2) $ 6,850,345.48 April 25, 2036 I-10-A Variable(2) $ 6,606,912.04 April 25, 2036 I-10-B Variable(2) $ 6,606,912.04 April 25, 2036 I-11-A Variable(2) $ 6,372,112.26 April 25, 2036 I-11-B Variable(2) $ 6,372,112.26 April 25, 2036 I-12-A Variable(2) $ 6,145,640.39 April 25, 2036 I-12-B Variable(2) $ 6,145,640.39 April 25, 2036 I-13-A Variable(2) $ 5,927,201.49 April 25, 2036 I-13-B Variable(2) $ 5,927,201.49 April 25, 2036 I-14-A Variable(2) $ 5,716,511.06 April 25, 2036 I-14-B Variable(2) $ 5,716,511.06 April 25, 2036 I-15-A Variable(2) $ 5,513,294.64 April 25, 2036 I-15-B Variable(2) $ 5,513,294.64 April 25, 2036 I-16-A Variable(2) $ 5,317,287.52 April 25, 2036 I-16-B Variable(2) $ 5,317,287.52 April 25, 2036 I-17-A Variable(2) $ 5,128,234.31 April 25, 2036 I-17-B Variable(2) $ 5,128,234.31 April 25, 2036 I-18-A Variable(2) $ 4,945,888.70 April 25, 2036 I-18-B Variable(2) $ 4,945,888.70 April 25, 2036 I-19-A Variable(2) $ 4,770,013.06 April 25, 2036 I-19-B Variable(2) $ 4,770,013.06 April 25, 2036 I-20-A Variable(2) $ 4,600,378.19 April 25, 2036 I-20-B Variable(2) $ 4,600,378.19 April 25, 2036 I-21-A Variable(2) $ 4,436,763.00 April 25, 2036 I-21-B Variable(2) $ 4,436,763.00 April 25, 2036 I-22-A Variable(2) $ 4,278,954.20 April 25, 2036 I-22-B Variable(2) $ 4,278,954.20 April 25, 2036 I-23-A Variable(2) $ 4,126,746.08 April 25, 2036 I-23-B Variable(2) $ 4,126,746.08 April 25, 2036 I-24-A Variable(2) $ 3,979,940.19 April 25, 2036 I-24-B Variable(2) $ 3,979,940.19 April 25, 2036 I-25-A Variable(2) $ 3,838,345.10 April 25, 2036 I-25-B Variable(2) $ 3,838,345.10 April 25, 2036 I-26-A Variable(2) $ 3,701,776.17 April 25, 2036 I-26-B Variable(2) $ 3,701,776.17 April 25, 2036 I-27-A Variable(2) $ 3,570,055.28 April 25, 2036 I-27-B Variable(2) $ 3,570,055.28 April 25, 2036 I-28-A Variable(2) $ 3,443,010.63 April 25, 2036 I-28-B Variable(2) $ 3,443,010.63 April 25, 2036 I-29-A Variable(2) $ 3,320,476.49 April 25, 2036 I-29-B Variable(2) $ 3,320,476.49 April 25, 2036 I-30-A Variable(2) $ 3,202,292.99 April 25, 2036 I-30-B Variable(2) $ 3,202,292.99 April 25, 2036 I-31-B Variable(2) $ 3,088,305.94 April 25, 2036 I-32-A Variable(2) $ 2,978,366.58 April 25, 2036 I-32-B Variable(2) $ 2,978,366.58 April 25, 2036 I-33-A Variable(2) $ 2,872,331.44 April 25, 2036 I-33-B Variable(2) $ 2,872,331.44 April 25, 2036 I-34-A Variable(2) $ 2,770,062.11 April 25, 2036 I-34-B Variable(2) $ 2,770,062.11 April 25, 2036 I-35-A Variable(2) $ 2,671,425.11 April 25, 2036 I-35-B Variable(2) $ 2,671,425.11 April 25, 2036 I-36-A Variable(2) $ 2,576,291.65 April 25, 2036 I-36-B Variable(2) $ 2,576,291.65 April 25, 2036 I-37-A Variable(2) $ 2,484,537.51 April 25, 2036 I-37-B Variable(2) $ 2,484,537.51 April 25, 2036 I-38-A Variable(2) $ 2,396,042.89 April 25, 2036 I-38-B Variable(2) $ 2,396,042.89 April 25, 2036 I-39-A Variable(2) $ 2,310,692.20 April 25, 2036 I-39-B Variable(2) $ 2,310,692.20 April 25, 2036 I-40-A Variable(2) $ 2,228,373.96 April 25, 2036 I-40-B Variable(2) $ 2,228,373.96 April 25, 2036 I-41-A Variable(2) $ 2,148,980.64 April 25, 2036 I-41-B Variable(2) $ 2,148,980.64 April 25, 2036 I-42-A Variable(2) $ 2,072,408.52 April 25, 2036 I-42-B Variable(2) $ 2,072,408.52 April 25, 2036 I-43-A Variable(2) $ 1,998,557.53 April 25, 2036 I-43-B Variable(2) $ 1,998,557.53 April 25, 2036 I-44-A Variable(2) $ 1,927,331.16 April 25, 2036 I-44-B Variable(2) $ 1,927,331.16 April 25, 2036 I-45-A Variable(2) $ 51,944,698.32 April 25, 2036 I-45-B Variable(2) $ 51,944,698.32 April 25, 2036 ______________________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (SACO I Trust 2006-4)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eighteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Swap Account and the Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassUNCERTIFICATED LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-I-A (Group I Loans) (1) AA Variable(2(2) $ 395,429,412.86 September 25, 2035 January 2036 LT-I-B (Group I Loans) (1) (2) January 2036 LT-II-A Variable(2(Group II Loans) $ 2,836,590.00 September 25, 2035 M-1 Variable(2(1) $ 427,710.00 September 25, 2035 M-2 Variable(2(2) $ 74,650.00 September 25, 2035 M-3 Variable(2January 2036 LT-II-B (Group II Loans) $ 121,050.00 September 25, 2035 M-4 Variable(2(1) $ 90,790.00 September 25, 2035 M-5 Variable(2(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________January 2036
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in seventeen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-1 Variable(1) AA Variable(2$879,853,190.76 October 2036 LT-2 Variable(1) $ 395,429,412.86 September 25, 2035 A Variable(2$28,975.59 October 2036 LT-3 0.00% $59,024.43 October 2036 LT-4 Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 $59,024.43 October 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rz4 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in thirteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in a trust fund (the "Trust Fund. On or prior to any Subsequent Transfer Date, ") consisting primarily of the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the 360th Distribution Date. None of the REMIC I Regular Interests will be certificated. Designation UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-1 Variable(1) $223,000,239.58 November 25, 2031 LT-2 Variable(1) $ 6,000,000.00 November 25, 2031 LT-3 Variable(1) $ 6,000,000.00 November 25, 2031 LT-4 Variable(1) $ 5,000,000.00 November 25, 2031 LT-5 Variable(1) $ 10,000,000.00 November 25, 2031 LT-6 Variable(1) $ 25,000,000.00 November 25, 2031 R-1 Variable(1) $0.00 November 25, 2031 ------------ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in nine Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement, the Supplemental Interest Trust Account, the Swap Agreement and the Mortgage Insurance Premium Taxes Reserve Fund and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be September 25, 2047. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated INITIAL UNCERTIFICATED UNCERTIFICATED REMIC I PassREMIC I LATEST POSSIBLE MATURITY DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date THROUGH RATE PRINCIPAL BALANCE DATE AA (1) AA Variable(2) $ 395,429,412.86 313,804,733.27 September 25, 2035 A Variable(22047 A-1 (1) $ 2,836,590.00 1,988,260.00 September 25, 2035 M-1 Variable(22047 A-2 (1) $ 427,710.00 350,870.00 September 25, 2035 M-2 Variable(22047 M-1 (1) $ 74,650.00 244,960.00 September 25, 2035 M-3 Variable(22047 M-2 (1) $ 121,050.00 209,730.00 September 25, 2035 M-4 Variable(22047 M-3 (1) $ 90,790.00 120,080.00 September 25, 2035 M-5 Variable(22047 M-4 (1) $ 64,560.00 67,240.00 September 25, 2035 B-1 Variable(22047 ZZ (1) $ 88,770.00 3,423,038.23 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2047
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAAC Series 2007-Sp3 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell pass-through certificates (collectively, the Depositor acquired “Certificates”), to be issued hereunder in multiple classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing aggregate shall evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund shall consist of a segregated pool of assets consisting of the Trust Fund. On or prior Mortgage Loans and certain other related assets subject to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Datethis Agreement. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will shall elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Net WAC Rate Carryover Reserve Account, the Swap Account and the Interest Rate Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will shall be designated as “REMIC I”. I.” The Class R-1 Certificates will R-I Interest shall be the sole class of Residual Interests (as defined herein) “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will shall be certificated. Designation Uncertificated REMIC I Pass-Through Remittance Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1Date(1) AA I Variable(2) $ 395,429,412.86 September 261.92 July 25, 2035 I-1-A Variable(2) $ 2,836,590.00 September 5,737,904.07 July 25, 2035 M-1 I-1-B Variable(2) $ 427,710.00 September 5,737,904.07 July 25, 2035 M-2 I-2-B Variable(2) $ 74,650.00 September 7,478,281.39 July 25, 2035 M-3 I-3-B Variable(2) $ 121,050.00 September 9,217,851.31 July 25, 2035 M-4 I-4-B Variable(2) $ 90,790.00 September 10,943,637.98 July 25, 2035 M-5 I-5-B Variable(2) $ 64,560.00 September 12,642,019.64 July 25, 2035 B-1 I-6-B Variable(2) $ 88,770.00 September 14,299,009.28 July 25, 2035 B-2 I-7-A Variable(2) $ 60,520.00 September 15,900,396.66 July 25, 2035 B-3 I-7-B Variable(2) $ 66,580.00 September 15,900,396.66 July 25, 2035 B-4 I-8-B Variable(2) $ 199,730.00 September 17,431,913.01 July 25, 2035 ZZ I-9-B Variable(2) $ 4,039,038.02 September 18,876,257.20 July 25, 2035 I-10-A Variable(2) $ 19,856,596.43 July 25, 2035 I-10-B Variable(2) $ 19,856,596.43 July 25, 2035 I-11-A Variable(2) $ 20,722,835.33 July 25, 2035 I-11-B Variable(2) $ 20,722,835.33 July 25, 2035 I-12-A Variable(2) $ 20,041,873.71 July 25, 2035 I-12-B Variable(2) $ 20,041,873.71 July 25, 2035 I-13-A Variable(2) $ 19,223,323.47 July 25, 2035 I-13-B Variable(2) $ 19,223,323.47 July 25, 2035 I-14-B Variable(2) $ 18,438,558.32 July 25, 2035 I-15-A Variable(2) $ 17,686,173.74 July 25, 2035 I-15-B Variable(2) $ 17,686,173.74 July 25, 2035 I-16-A Variable(2) $ 16,964,821.51 July 25, 2035 I-16-B Variable(2) $ 16,964,821.51 July 25, 2035 I-17-B Variable(2) $ 16,273,211.96 July 25, 2035 I-18-A Variable(2) $ 15,610,107.45 July 25, 2035 I-18-B Variable(2) $ 15,610,107.45 July 25, 2035 I-19-A Variable(2) $ 14,974,323.42 July 25, 2035 I-19-B Variable(2) $ 14,974,323.42 July 25, 2035 I-20-A Variable(2) $ 14,364,725.18 July 25, 2035 I-20-B Variable(2) $ 14,364,725.18 July 25, 2035 I-21-A Variable(2) $ 13,785,940.38 July 25, 2035 I-21-B Variable(2) $ 13,785,940.38 July 25, 2035 I-23-B Variable(2) $ 35,226,188.47 July 25, 2035 I-24-B Variable(2) $ 32,906,772.75 July 25, 2035 I-25-B Variable(2) $ 28,331,803.97 July 25, 2035 I-26-A Variable(2) $ 24,404,729.15 July 25, 2035 I-26-B Variable(2) $ 24,404,729.15 July 25, 2035 I-27-A Variable(2) $ 9,854,624.81 July 25, 2035 I-27-B Variable(2) $ 9,854,624.81 July 25, 2035 I-28-A Variable(2) $ 7,947,222.87 July 25, 2035 I-28-B Variable(2) $ 7,947,222.87 July 25, 2035 I-29-B Variable(2) $ 7,593,766.76 July 25, 2035 I-30-A Variable(2) $ 7,256,516.10 July 25, 2035 I-30-B Variable(2) $ 7,256,516.10 July 25, 2035 I-31-B Variable(2) $ 6,934,713.34 July 25, 2035 I-32-A Variable(2) $ 6,627,638.87 July 25, 2035 I-32-B Variable(2) $ 6,627,638.87 July 25, 2035 I-33-A Variable(2) $ 6,334,597.99 July 25, 2035 I-33-B Variable(2) $ 6,334,597.99 July 25, 2035 I-34-B Variable(2) $ 6,054,937.20 July 25, 2035 I-35-B Variable(2) $ 5,788,031.18 July 25, 2035 I-36-B Variable(2) $ 5,532,107.97 July 25, 2035 I-37-B Variable(2) $ 5,289,040.31 July 25, 2035 I-38-A Variable(2) $ 5,057,038.91 July 25, 2035 I-38-B Variable(2) $ 5,057,038.91 July 25, 2035 I-39-A Variable(2) $ 4,835,566.24 July 25, 2035 I-39-B Variable(2) $ 4,835,566.24 July 25, 2035 I-40-A Variable(2) $ 4,624,131.34 July 25, 2035 I-40-B Variable(2) $ 4,624,131.34 July 25, 2035 I-41-A Variable(2) $ 4,422,268.20 July 25, 2035 I-41-B Variable(2) $ 4,422,268.20 July 25, 2035 I-42-A Variable(2) $ 4,229,530.31 July 25, 2035 I-42-B Variable(2) $ 4,229,530.31 July 25, 2035 I-43-A Variable(2) $ 4,045,499.34 July 25, 2035 I-43-B Variable(2) $ 4,045,499.34 July 25, 2035 I-44-A Variable(2) $ 3,869,766.72 July 25, 2035 I-44-B Variable(2) $ 3,869,766.72 July 25, 2035 I-45-A Variable(2) $ 3,701,949.88 July 25, 2035 I-45-B Variable(2) $ 3,701,949.88 July 25, 2035 I-47-A Variable(2) $ 3,388,615.61 July 25, 2035 I-47-B Variable(2) $ 3,388,615.61 July 25, 2035 I-48-A Variable(2) $ 3,242,415.42 July 25, 2035 I-48-B Variable(2) $ 3,242,415.42 July 25, 2035 I-49-A Variable(2) $ 3,102,765.48 July 25, 2035 I-49-B Variable(2) $ 3,102,765.48 July 25, 2035 I-50-A Variable(2) $ 2,969,364.48 July 25, 2035 I-50-B Variable(2) $ 2,969,364.48 July 25, 2035 I-51-A Variable(2) $ 2,841,924.17 July 25, 2035 I-51-B Variable(2) $ 2,841,924.17 July 25, 2035 I-52-A Variable(2) $ 66,568,758.69 July 25, 2035 I-52-B Variable(2) $ 66,568,758.69 July 25, 2035 II Variable(2) $ 40.18 July 25, 2035 II-1-A Variable(2) $ 880,153.43 July 25, 2035 II-1-B Variable(2) $ 880,153.43 July 25, 2035 II-2-B Variable(2) $ 1,147,114.86 July 25, 2035 II-3-A Variable(2) $ 1,413,952.44 July 25, 2035 II-3-B Variable(2) $ 1,413,952.44 July 25, 2035 II-4-B Variable(2) $ 1,678,675.77 July 25, 2035 II-5-A Variable(2) $ 1,939,195.36 July 25, 2035 II-5-B Variable(2) $ 1,939,195.36 July 25, 2035 II-6-A Variable(2) $ 2,193,365.72 July 25, 2035 II-6-B Variable(2) $ 2,193,365.72 July 25, 2035 II-7-A Variable(2) $ 2,439,007.09 July 25, 2035 II-7-B Variable(2) $ 2,439,007.09 July 25, 2035 II-8-A Variable(2) $ 2,673,930.74 July 25, 2035 II-8-B Variable(2) $ 2,673,930.74 July 25, 2035 II-9-A Variable(2) $ 2,895,482.80 July 25, 2035 II-9-B Variable(2) $ 2,895,482.80 July 25, 2035 II-10-A Variable(2) $ 3,045,859.82 July 25, 2035 II-10-B Variable(2) $ 3,045,859.82 July 25, 2035 II-11-A Variable(2) $ 3,178,734.67 July 25, 2035 II-11-B Variable(2) $ 3,178,734.67 July 25, 2035 II-12-A Variable(2) $ 3,074,280.04 July 25, 2035 II-12-B Variable(2) $ 3,074,280.04 July 25, 2035 II-13-A Variable(2) $ 2,948,720.28 July 25, 2035 II-13-B Variable(2) $ 2,948,720.28 July 25, 2035 II-14-A Variable(2) $ 2,828,342.93 July 25, 2035 II-14-B Variable(2) $ 2,828,342.93 July 25, 2035 II-15-A Variable(2) $ 2,712,932.51 July 25, 2035 II-15-B Variable(2) $ 2,712,932.51 July 25, 2035 II-16-A Variable(2) $ 2,602,282.24 July 25, 2035 II-16-B Variable(2) $ 2,602,282.24 July 25, 2035 II-17-A Variable(2) $ 2,496,194.29 July 25, 2035 II-17-B Variable(2) $ 2,496,194.29 July 25, 2035 II-18-A Variable(2) $ 2,394,478.80 July 25, 2035 II-18-B Variable(2) $ 2,394,478.80 July 25, 2035 II-19-A Variable(2) $ 2,296,954.08 July 25, 2035 II-19-B Variable(2) $ 2,296,954.08 July 25, 2035 II-20-A Variable(2) $ 2,203,446.07 July 25, 2035 II-20-B Variable(2) $ 2,203,446.07 July 25, 2035 II-21-A Variable(2) $ 2,114,664.62 July 25, 2035 II-21-B Variable(2) $ 2,114,664.62 July 25, 2035 II-22-A Variable(2) $ 2,034,254.90 July 25, 2035 II-22-B Variable(2) $ 2,034,254.90 July 25, 2035 II-23-A Variable(2) $ 5,403,445.28 July 25, 2035 II-23-B Variable(2) $ 5,403,445.28 July 25, 2035 II-24-A Variable(2) $ 5,047,663.50 July 25, 2035 II-24-B Variable(2) $ 5,047,663.50 July 25, 2035 II-25-A Variable(2) $ 4,345,896.03 July 25, 2035 II-25-B Variable(2) $ 4,345,896.03 July 25, 2035 II-26-A Variable(2) $ 3,743,510.85 July 25, 2035 II-26-B Variable(2) $ 3,743,510.85 July 25, 2035 II-27-A Variable(2) $ 1,511,628.94 July 25, 2035 II-27-B Variable(2) $ 1,511,628.94 July 25, 2035 II-28-A Variable(2) $ 1,219,047.13 July 25, 2035 II-28-B Variable(2) $ 1,219,047.13 July 25, 2035 II-29-A Variable(2) $ 1,164,829.49 July 25, 2035 II-29-B Variable(2) $ 1,164,829.49 July 25, 2035 II-30-A Variable(2) $ 1,113,097.65 July 25, 2035 II-30-B Variable(2) $ 1,113,097.65 July 25, 2035 II-31-B Variable(2) $ 1,063,735.41 July 25, 2035 II-32-A Variable(2) $ 1,016,632.38 July 25, 2035 II-32-B Variable(2) $ 1,016,632.38 July 25, 2035 II-33-A Variable(2) $ 971,682.01 July 25, 2035 II-33-B Variable(2) $ 971,682.01 July 25, 2035 II-34-A Variable(2) $ 928,784.05 July 25, 2035 II-34-B Variable(2) $ 928,784.05 July 25, 2035 II-35-A Variable(2) $ 887,842.57 July 25, 2035 II-35-B Variable(2) $ 887,842.57 July 25, 2035 II-36-A Variable(2) $ 848,585.78 July 25, 2035 II-36-B Variable(2) $ 848,585.78 July 25, 2035 II-37-B Variable(2) $ 811,300.94 July 25, 2035 II-38-A Variable(2) $ 775,713.59 July 25, 2035 II-38-B Variable(2) $ 775,713.59 July 25, 2035 II-39-A Variable(2) $ 741,741.26 July 25, 2035 II-39-B Variable(2) $ 741,741.26 July 25, 2035 II-40-A Variable(2) $ 709,308.66 July 25, 2035 II-40-B Variable(2) $ 709,308.66 July 25, 2035 II-41-A Variable(2) $ 678,344.30 July 25, 2035 II-41-B Variable(2) $ 678,344.30 July 25, 2035 II-42-A Variable(2) $ 648,779.69 July 25, 2035 II-42-B Variable(2) $ 648,779.69 July 25, 2035 II-43-A Variable(2) $ 620,550.66 July 25, 2035 II-43-B Variable(2) $ 620,550.66 July 25, 2035 II-44-A Variable(2) $ 593,594.53 July 25, 2035 II-44-B Variable(2) $ 593,594.53 July 25, 2035 II-45-A Variable(2) $ 567,852.62 July 25, 2035 II-45-B Variable(2) $ 567,852.62 July 25, 2035 II-46-B Variable(2) $ 543,268.92 July 25, 2035 II-47-A Variable(2) $ 519,789.39 July 25, 2035 II-47-B Variable(2) $ 519,789.39 July 25, 2035 II-48-A Variable(2) $ 497,363.33 July 25, 2035 II-48-B Variable(2) $ 497,363.33 July 25, 2035 II-49-A Variable(2) $ 475,942.02 July 25, 2035 II-49-B Variable(2) $ 475,942.02 July 25, 2035 II-50-A Variable(2) $ 455,479.27 July 25, 2035 II-50-B Variable(2) $ 455,479.27 July 25, 2035 II-51-A Variable(2) $ 435,930.83 July 25, 2035 II-51-B Variable(2) $ 435,930.83 July 25, 2035 II-52-A Variable(2) $ 10,211,171.31 July 25, 2035 II-52-B Variable(2) $ 10,211,171.31 July 25, 2035 ______________________________________
Appears in 1 contract
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED ------------------- REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-1 Variable(1) AA Variable(2$569,905,532.48 February 25, 2036 LT-2 Variable(1) $ 395,429,412.86 September 19,525.68 February 25, 2035 A Variable(22036 LT-3 0.00% $ 37,747.32 February 25, 2036 LT-4 Variable(1) $ 2,836,590.00 September 37,747.32 February 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 2036 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as REMIC II. The Class R-II Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, Pass-Through Rate, aggregate Initial Certificate Principal Balance, certain features, month of Final Scheduled Distribution Date and initial ratings for each Class of Certificates comprising the interests representing "regular interests" in REMIC II. The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii)) for each Class of REMIC II Regular Interests shall be the Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2006-Emx2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in twenty-four classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Group I Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be June 25, 2032, which is the Distribution Date eighteen months following the last scheduled monthly payment for any Mortgage Loan. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassLATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) AA Variable(2THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-I Variable(1) $ 395,429,412.86 September 137,864,883.42 June 25, 2035 A Variable(22032 LT-I-IO Variable(1) $ 2,836,590.00 September (2) June 25, 2035 M-1 Variable(2) 2032 LT-I-PO 0.00% $ 427,710.00 September 96,379.00 June 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2032
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed Company intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eight classes (each, a "Class"), which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust FundFund (as defined herein), consisting primarily of the Mortgage Loans (as defined herein). On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect make an election to treat the entire segregated pool of assets consisting described in the definition of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC I (as defined herein) and subject to this Agreement as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, purposes and such segregated pool of assets will be designated as “"REMIC I”. I." The Uncertificated REMIC I Regular Interests (as defined herein) will be "regular interests" in REMIC I and the Class R-1 R-I Certificates will be the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under the federal income tax law. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Remittance Rate, the initial Uncertificated Principal Balance and, solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “"latest possible maturity date” " for each of the REMIC I Regular Interests (as defined herein)Interests. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date (1Date(1) AA ----------- --------------- ---------------------- ---------------- LT-AYI Variable(2) $ 395,429,412.86 227,075,400.00 September 25, 2035 A 2027 LT-AZI Variable(2) $ 2,836,590.00 25,230,600.00 September 25, 2035 M-1 2027 LT-AYII Variable(2) $ 427,710.00 79,408,800.00 September 25, 2035 M-2 2027 LT-AZII Variable(2) $ 74,650.00 8,823,200.00 September 25, 2035 M-3 2027 LT-FY Variable(2) $ 121,050.00 98,515,800.00 September 25, 2035 M-4 2027 LT-FZ Variable(2) $ 90,790.00 10,946,200.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2027 ------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Southern Pacific Secured Assets Corp)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in eleven Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated INITIAL UNCERTIFICATED UNCERTIFICATED REMIC I PassREMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date THROUGH RATE PRINCIPAL BALANCE MATURITY DATE ------------ ---------------------- ---------------------- --------------- AA (1) AA Variable(2$282,854,344.90 September 2045 A-2 (1) $ 395,429,412.86 $682,350.00 September 25, 2035 A Variable(22045 A-3 (1) $ 2,836,590.00 $138,590.00 September 25, 2035 2045 M-1 Variable(2(1) $ 427,710.00 $210,690.00 September 25, 2035 2045 M-2 Variable(2(1) $ 74,650.00 $171,730.00 September 25, 2035 2045 M-3 Variable(2(1) $ 121,050.00 $89,470.00 September 25, 2035 2045 M-4 Variable(2(1) $ 90,790.00 $41,850.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September 25, 2035 ______________________________________2045
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Sp1 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Yield Maintenance Agreement and any payments thereunder) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Designation Uncertificated UNCERTIFICATED REMIC I Pass--------------------- INITIAL UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE MATURITY DATE AA Variable(1) AA Variable(2) $ 395,429,412.86 September $784,000,161.70 March 25, 2035 A Variable(22036 A-1 Variable(1) $ 2,836,590.00 September $3,000,120.00 March 25, 2035 M-1 Variable(22036 A-2 Variable(1) $ 427,710.00 September $2,820,700.00 March 25, 2035 M-2 Variable(22036 A-3A Variable(1) $ 74,650.00 September $1,000,070.00 March 25, 2035 M-3 Variable(22036 A-3B Variable(1) $ 121,050.00 September $111,120.00 March 25, 2035 M-4 Variable(22036 M-1 Variable(1) $ 90,790.00 September $184,000.00 March 25, 2035 M-5 Variable(22036 M-2 Variable(1) $ 64,560.00 September $168,000.00 March 25, 2035 B-1 Variable(22036 M-3 Variable(1) $ 88,770.00 September $120,000.00 March 25, 2035 B-2 Variable(22036 M-4 Variable(1) $ 60,520.00 September $88,000.00 March 25, 2035 B-3 Variable(22036 M-5 Variable(1) $ 66,580.00 September $80,000.00 March 25, 2035 B-4 Variable(22036 M-6 Variable(1) $ 199,730.00 September $64,000.00 March 25, 2035 ZZ Variable(22036 M-7 Variable(1) $ 4,039,038.02 September $56,000.00 March 25, 2035 ______________________________________2036 M-8 Variable(1) $64,000.00 March 25, 2036 M-9 Variable(1) $100,000.00 March 25, 2036 ZZ Variable(1) $8,143,993.30 March 25, 2036
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rs2 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fifteen Classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the Loans (as defined herein) and certain other related Subsequent Transfer Dateassets. REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Supplemental Interest Trust Account, the Swap Agreement and the SB-AM Swap Agreement) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. The I." Component I of the Class R-1 Certificates will be represent the sole class Class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. Component I of the Class R-1 Certificates will not bear interest or have a Certificate Principal Balance. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass Through Rate, the ") and initial Uncertificated Principal Balance and, for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii1.860G 1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Designation Uncertificated UNCERTIFICATED REMIC I PassINITIAL UNCERTIFICATED REMIC I DESIGNATION PASS-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1THROUGH RATE PRINCIPAL BALANCE I-1-A Variable(1) AA Variable(2$1,608,000.00 I-2-A Variable(1) $ 395,429,412.86 September 25, 2035 $2,033,000.00 I-3-A Variable(2Variable(1) $ 2,836,590.00 September 25, 2035 M-1 Variable(2$2,457,000.00 I-4-A Variable(1) $ 427,710.00 September 25, 2035 M-2 Variable(2$2,875,000.00 I-5-A Variable(1) $ 74,650.00 September 25, 2035 M-3 Variable(2$3,279,000.00 I-6-A Variable(1) $ 121,050.00 September 25, 2035 M-4 Variable(2$3,653,500.00 I-7-A Variable(1) $ 90,790.00 September 25, 2035 M-5 Variable(2$3,992,000.00 I-8-A Variable(1) $ 64,560.00 September 25, 2035 B-1 Variable(2$4,240,500.00 I-9-A Variable(1) $ 88,770.00 September 25, 2035 B-2 Variable(2$4,327,500.00 I-10-A Variable(1) $ 60,520.00 September 25, 2035 B-3 Variable(2$4,343,500.00 I-11-A Variable(1) $ 66,580.00 September 25, 2035 B-4 Variable(2$4,154,000.00 I-12-A Variable(1) $ 199,730.00 September 25, 2035 ZZ Variable(2$3,964,500.00 I-13-A Variable(1) $ 4,039,038.02 September 25, 2035 $3,783,000.00 I-14-A Variable(1) $3,609,500.00 I-15-A Variable(1) $3,456,500.00 I-16-A Variable(1) $3,303,000.00 I-17-A Variable(1) $3,244,000.00 I-18-A Variable(1) $3,539,500.00 I-19-A Variable(1) $7,687,000.00 I-20-A Variable(1) $8,572,500.00 I-21-A Variable(1) $11,890,500.00 I-22-A Variable(1) $12,163,000.00 I-23-A Variable(1) $1,564,000.00 I-24-A Variable(1) $1,015,500.00 I-25-A Variable(1) $939,500.00 I-26-A Variable(1) $799,500.00 I-27-A Variable(1) $750,000.00 I-28-A Variable(1) $130,500.00 I-29-A Variable(1) $524,500.00 I-30-A Variable(1) $1,320,000.00 I-31-A Variable(1) $445,500.00 I-32-A Variable(1) $255,500.00 I-33-A Variable(1) $248,000.00 I-34-A Variable(1) $241,500.00 I-35-A Variable(1) $234,500.00 I-36-A Variable(1) $228,000.00 I-37-A Variable(1) $221,500.00 I-38-A Variable(1) $215,500.00 I-39-A Variable(1) $208,500.00 I-40-A Variable(1) $203,000.00 I-41-A Variable(1) $197,000.00 I-42-A Variable(1) $191,000.00 I-43-A Variable(1) $185,500.00 I-44-A Variable(1) $5,518,000.00 I-1-B Variable(1) $1,608,000.00 I-2-B Variable(1) $2,033,000.00 I-3-B Variable(1) $2,457,000.00 I-4-B Variable(1) $2,875,000.00 I-5-B Variable(1) $3,279,000.00 I-6-B Variable(1) $3,653,500.00 I-7-B Variable(1) $3,992,000.00 I-8-B Variable(1) $4,240,500.00 I-9-B Variable(1) $4,327,500.00 I-10-B Variable(1) $4,343,500.00 I-11-B Variable(1) $4,154,000.00 I-12-B Variable(1) $3,964,500.00 I-13-B Variable(1) $3,783,000.00 I-14-B Variable(1) $3,609,500.00 I-15-B Variable(1) $3,456,500.00 I-16-B Variable(1) $3,303,000.00 I-17-B Variable(1) $3,244,000.00 I-18-B Variable(1) $3,539,500.00 I-19-B Variable(1) $7,687,000.00 I-20-B Variable(1) $8,572,500.00 I-21-B Variable(1) $11,890,500.00 I-22-B Variable(1) $12,163,000.00 I-23-B Variable(1) $1,564,000.00 I-24-B Variable(1) $1,015,500.00 I-25-B Variable(1) $939,500.00 I-26-B Variable(1) $799,500.00 I-27-B Variable(1) $750,000.00 I-28-B Variable(1) $130,500.00 I-29-B Variable(1) $524,500.00 I-30-B Variable(1) $1,320,000.00 I-31-B Variable(1) $445,500.00 I-32-B Variable(1) $255,500.00 I-33-B Variable(1) $248,000.00 I-34-B Variable(1) $241,500.00 I-35-B Variable(1) $234,500.00 I-36-B Variable(1) $228,000.00 I-37-B Variable(1) $221,500.00 I-38-B Variable(1) $215,500.00 I-39-B Variable(1) $208,500.00 I-40-B Variable(1) $203,000.00 I-41-B Variable(1) $197,000.00 I-42-B Variable(1) $191,000.00 I-43-B Variable(1) $185,500.00 I-44-B Variable(1) $5,518,000.00 A-I Variable(1) $14,376,575.58 _______________________________________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RASC Series 2007-Ks4 Trust)
PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed intends to the Trustee in return for the Certificates. On or prior to the Closing Datesell mortgage asset-backed pass-through certificates (collectively, the Depositor acquired "Certificates"), to be issued hereunder in fourteen classes, which in the Initial Mortgage Loans from the Seller. On the Closing Date, the Depositor aggregate will sell the Initial Mortgage Loans and certain other property to the Trust Fund and receive in consideration therefor Certificates evidencing evidence the entire beneficial ownership interest in the Trust Fund. On or prior to any Subsequent Transfer Date, the Depositor acquired the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer DateLoans (as defined herein). REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee REMIC Administrator will elect make an election to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (exclusive of the Reserve Fund) subject to this Agreement (other than the Reserve Fund, the Pre-Funding Account and the Interest Coverage Account) as a REMIC real estate mortgage investment conduit (as defined hereina "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as “"REMIC I”. I." The Class R-1 R-I Certificates will be represent the sole class of Residual Interests (as defined herein) "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein)) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Pass- Through Rate, the ") and initial Uncertificated Principal Balance and, for each "regular interest" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” ) for each of the REMIC I Regular Interests (as defined herein)shall be the 360th Distribution Date. None of the The REMIC I Regular Interests will not be certificated. Uncertificated Designation REMIC-I Initial Uncertificated REMIC I Latest Possible Pass-Through Rate Initial Uncertificated Principal Principal-Balance Latest Possible Maturity Date (1Maturity-Date-(1) AA Variable(2) $ 395,429,412.86 September 25, 2035 A Variable(2) $ 2,836,590.00 September 25, 2035 M-1 Variable(2) $ 427,710.00 September 25, 2035 M-2 Variable(2) $ 74,650.00 September 25, 2035 M-3 Variable(2) $ 121,050.00 September 25, 2035 M-4 Variable(2) $ 90,790.00 September 25, 2035 M-5 Variable(2) $ 64,560.00 September 25, 2035 B-1 Variable(2) $ 88,770.00 September 25, 2035 B-2 Variable(2) $ 60,520.00 September 25, 2035 B-3 Variable(2) $ 66,580.00 September 25, 2035 B-4 Variable(2) $ 199,730.00 September 25, 2035 ZZ Variable(2) $ 4,039,038.02 September March 25, 2035 2034 $3,000,003.43 1A Variable(2) March 25, 2034 $5,750.03 1B Variable(2) March 25, 2034 $50,000.03 2A Variable(2) March 25, 2034 $1,150.00 2B Variable(2) March 25, 2034 $10,000.00 XX Variable(2) March 25, 2034 $299,933,271.57 ______________________________________
Appears in 1 contract
Samples: Custodial Agreement (Residential Asset Mortgage Products Ramp Trust 2004-Rs3)