REMIC and Grantor Trust Related Covenants. For as long as any REMIC or Exchangeable Certificate created hereunder shall exist, the Trustee, the Securities Administrator, the Depositor and the Master Servicer shall act in accordance herewith to assure continuing treatment of each REMIC created hereunder as a REMIC and each grantor trust created hereunder as a "grantor trust" within the meaning of the Code and related regulations and avoid the imposition of tax on any REMIC or grantor trust created hereunder. In particular:
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-2 Trust), Pooling and Servicing Agreement (Banc of America Funding Corp), Pooling and Servicing Agreement (Banc of America Funding 2007-1 Trust)
REMIC and Grantor Trust Related Covenants. For as long as any REMIC or Exchangeable Certificate created hereunder shall exist, the Trustee, the Securities Administrator, the Depositor and the Master Servicer shall act in accordance herewith to assure continuing treatment of each REMIC created hereunder as a REMIC and each grantor trust created hereunder as a "grantor trust" within the meaning of the Code and related regulations and avoid the imposition of tax on any REMIC or grantor trust created hereunder. In particular:
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-4 Trust), Pooling and Servicing Agreement (Banc of America Funding 2007-6 Trust), Pooling and Servicing Agreement (Banc of America Funding Corp)
REMIC and Grantor Trust Related Covenants. For as long as any REMIC or Exchangeable Certificate created hereunder shall exist, the Trustee, the Securities Administrator, the Depositor and the Master Servicer shall act in accordance herewith to assure continuing treatment of each REMIC created hereunder as a REMIC and each grantor trust created hereunder as a "grantor trust" within the meaning of the Code and related regulations and avoid the imposition of tax on any REMIC or grantor trust created hereunder. In particular:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-5 Trust), Pooling and Servicing Agreement (Banc of America Funding 2007-E Trust)
REMIC and Grantor Trust Related Covenants. For as long as any Trust REMIC or Exchangeable Certificate created hereunder shall exist, the Trustee, the Securities Administrator, Trustee and the Depositor and the Master Servicer shall act in accordance herewith to assure continuing treatment of each REMIC created hereunder as a REMIC and each grantor trust created hereunder as a "“grantor trust" ” within the meaning of the Code and related regulations and to avoid the imposition of United States federal income tax on any REMIC or grantor trust created hereunder. In particular:
Appears in 2 contracts
Samples: Trust Agreement (Banc of America Funding 2008-R3 Trust), Trust Agreement (Banc of America Funding 2008-R3 Trust)
REMIC and Grantor Trust Related Covenants. For as long as any REMIC or Exchangeable Certificate created hereunder shall exist, the Trustee, the Securities Administrator, the Depositor and the Master Servicer shall act in accordance herewith to assure continuing treatment of each REMIC created hereunder as a REMIC and each grantor trust created hereunder as a "“grantor trust" ” within the meaning of the Code and related regulations and avoid the imposition of tax on any REMIC or grantor trust created hereunder. In particular:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding Corp)
REMIC and Grantor Trust Related Covenants. For as long as any REMIC or Exchangeable Certificate created hereunder shall exist, the Trustee, the Securities Administrator, the Depositor and the Master Servicer Servicers shall act in accordance herewith to assure continuing treatment of each REMIC created hereunder as a REMIC and each grantor trust created hereunder as a "grantor trust" within the meaning of the Code and related regulations and avoid the imposition of tax on any REMIC or grantor trust created hereunder. In particular:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-3 Trust)
REMIC and Grantor Trust Related Covenants. For as long as any the Trust REMIC or Exchangeable Certificate any grantor trust created hereunder shall exist, the Trustee, the Securities Administrator, Trustee and the Depositor and the Master Servicer shall act in accordance herewith to assure continuing treatment of each the Trust REMIC created hereunder as a REMIC and each grantor trust created hereunder as a "“grantor trust" ” within the meaning of the Code and related regulations and to avoid the imposition of United States federal income tax on any the Trust REMIC or any grantor trust created hereunder. In particular:
Appears in 1 contract
