REMIC Elections. (a) The Depositor hereby instructs and authorizes the Trustee to make an appropriate election to treat each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC as a REMIC. This Agreement shall be construed so as to carry out the intention of the parties that each of the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC be treated as a REMIC at all times prior to the date on which the Trust Fund is terminated.
Appears in 15 contracts
Samples: Pooling and Servicing Agreement (Chase Funding Inc), Pooling and Servicing Agreement (Chase Funding Inc), Pooling and Servicing Agreement (Chase Funding Inc)
