Common use of REMIC Elections Clause in Contracts

REMIC Elections. Elections shall be made by the Trustee to treat the assets of the Trust Estate described in the definition of the term “REMIC I-1,” the assets of the Trust Estate described in the definition of the term “REMIC I-2,” and the assets of the Trust Estate described in the definition of the term “REMIC I-3” as separate REMICs for federal income tax purposes. The REMIC I-1 Regular Interests will constitute the regular interests in REMIC I-1; the REMIC I-2 Regular Interests will constitute the REMIC regular interests in REMIC I-2; and the REMIC I-3 Certificates will constitute the regular interests in REMIC I-3. The Class R Certificates will represent ownership of the sole class of residual interest in REMIC I-1, REMIC I-2 and REMIC I-3. REMIC I-1 Interests. REMIC I-1 shall issue each of the following Classes of Interests in book-entry form, each of which shall be a Class of REMIC I-1 Interests, having the following Certificate Rates and initial principal balances: 1-Pool $1,135,199,929.50 (1) N/A(4) 1-Sub-A $11,583,672.75 (1) N/A 1-Sub-B $11,583,672.75 (1) N/A 1-AX (2) 6.50% A-X 1-AX (3) 6.50% A-X _______________

Appears in 1 contract

Samples: Trust Agreement (Gs Mortgage Sec Corp Mort Pass THR Certs Ser 2003-3f)

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REMIC Elections. Elections shall be made by the Trustee to treat the assets of the Trust Estate described in the definition of the term “REMIC I-1,and the assets of the Trust Estate described in the definition of the term “REMIC I-2,” and the assets of the Trust Estate described in the definition of the term “REMIC I-3” as separate REMICs for federal income tax purposes. The REMIC I-1 Regular Interests will constitute the regular interests in REMIC I-1; I-1 and the REMIC I-2 Regular Interests will constitute the REMIC regular interests in REMIC I-2; and the REMIC I-3 Certificates will constitute the regular interests in REMIC I-3. The Class R Certificates will represent ownership of the sole class of residual interest in REMIC I-1, REMIC I-2 I-1 and REMIC I-3I-2. REMIC I-1 Interests. REMIC I-1 shall issue each of the following Classes of Interests in book-entry form, each of which shall be a Class of REMIC I-1 Interests, having the following Certificate Rates and initial principal balances: 1Initial Certificate Balance Class/Subgroup Or Notional Amount Certificate Rate Corresponding Class Subgroup I-Pool $1,135,199,929.50 (1) N/A(4) 1-Sub-A $11,583,672.75 (1) N/A 1-SubIA-1 $100,000,000.00 6.00% IA-1, IA-2 1-IA-3 $168,194,400.00 6.00% IA-3 1-IA-4 $ 42,048,600.00 6.00% IA-4 Subgroup II-A 1-IIA-1 $126,000,000.00 6.00% IIA-1, IIA-2 1-IIA-3 $ 96,741,600.00 6.00% IIA-3 1-IIA-4 $ 24,185,400.00 6.00% IIA-4 1-IIA-P $ 116,091.00 0.00% IIA-P Subgroup A-X Subgroup B 1-B $11,583,672.75 (1) N/A 1-AX (2) 6.5016,054,204.63 6.00% A-X 1-AX (3) 6.50% A-X B1, B2, B3, B4, B5, B6 Residual _______________

Appears in 1 contract

Samples: Trust Agreement (Gs Mortgage Pass-Through Certificates Series 2003-5f)

REMIC Elections. Elections shall be made by the Trustee to treat the assets of the Trust Estate described in the definition of the term “REMIC I-1,” the assets of the Trust Estate described in the definition of the term “REMIC I-2,” and the assets of the Trust Estate described in the definition of the term “REMIC I-3” as separate REMICs for federal income tax purposes. The REMIC I-1 Regular Interests will constitute the regular interests in REMIC I-1; the REMIC I-2 Regular Interests will constitute the REMIC regular interests in REMIC I-2; and the REMIC I-3 Certificates will constitute the regular interests in REMIC I-3. The Class R Certificates will represent ownership of the sole class of residual interest in REMIC I-1, REMIC I-2 and REMIC I-3. REMIC I-1 Interests. REMIC I-1 shall issue each of the following Classes of Interests in book-entry form, each of which shall be a Class of REMIC I-1 Interests, having the following Certificate Rates and initial principal balances: 1-Pool $1,135,199,929.50 1,272,075,328.02 (1) N/A(4A(7) 1-Sub-A $11,583,672.75 $ 12,980,360.49 (1) N/A 1-Sub-B $11,583,672.75 $ 12,980,360.49 (1) N/A 1-AX (2AX(3) 6.50% A-X 1-AX (3) 6.50% A-X X3 1-AX(4) (4) 6.00% A-X4 1-AX(5) (5) 6.50% A-X5 1-AX(6) (6) 5.00% A-X6 Residual _______________

Appears in 1 contract

Samples: Trust Agreement (Gs Mortgage Securities Corp GSR Mort Loan Tr 2003-7f)

REMIC Elections. Elections shall be made by the Trustee to treat the assets of the Trust Estate described in the definition of the term “REMIC I-1,” the assets of the Trust Estate described in the definition of the term “REMIC I-2,” and the assets of the Trust Estate described in the definition of the term “REMIC I-3” as separate REMICs for federal income tax purposes. The REMIC I-1 Regular Interests will constitute the regular interests in REMIC I-1; the REMIC I-2 Regular Interests will constitute the REMIC regular interests in REMIC I-2; and the REMIC I-3 Certificates will constitute the regular interests in REMIC I-3. The Class R Certificates will represent ownership of the sole class of residual interest in REMIC I-1, REMIC I-2 and REMIC I-3. REMIC I-1 Interests. REMIC I-1 shall issue each of the following Classes of Interests in book-entry form, each of which shall be a Class of REMIC I-1 Interests, having the following Certificate Rates and initial principal balances: 1I-VII-Pool $1,135,199,929.50 810,632,300.66 (1) N/A(4A(9) 1I-VII-Sub-A $11,583,672.75 8,271,758.17 (1) N/A 1VIII-XIV-Pool 257,475,365.70 (2) N/A VIII-XIV-Sub-B $11,583,672.75 2,627,299.65 (12) N/A 1-AX (2) 6.50% A-X 1-AX (3) 6.50% A-X Residual _______________

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (Gs Mortgage Sec Corp Mortgage Pass THR Certs Ser 2004-2f)

REMIC Elections. Elections shall be made by the Trustee to treat the assets of the Trust Estate described in the definition of the term "REMIC I-1," the assets of the Trust Estate described in the definition of the term "REMIC I-2," and the assets of the Trust Estate described in the definition of the term "REMIC I-3" as separate REMICs for federal income tax purposes. The REMIC I-1 Regular Interests will constitute the regular interests in REMIC I-1; the REMIC I-2 Regular Interests will constitute the REMIC regular interests in REMIC I-2; and the REMIC I-3 Certificates will constitute the regular interests in REMIC I-3. The Class R Certificates will represent ownership of the sole class of residual interest in REMIC I-1, REMIC I-2 and REMIC I-3. REMIC I-1 Interests. REMIC I-1 shall issue each of the following Classes of Interests in book-entry form, each of which shall be a Class of REMIC I-1 Interests, having the following Certificate Rates and initial principal balances: Class/Subgroup Initial Certificate Balance Or Notional Amount Certificate Rate Corresponding Class 1-Pool $1,135,199,929.50 968,873,463.18 (1) N/A(4) 1-Sub-A $11,583,672.75 $ 9,886,463.91 (1) N/A 1-Sub-B $11,583,672.75 $ 9,886,463.91 (1) N/A 1-AX AX(1) (2) 6.505.50% A-X X1 1-AX AX(2) (3) 6.506.00% A-X _______________X2 Residual

Appears in 1 contract

Samples: Trust Agreement (Mortgage Pass-Through Certificates Series 2003-4f)

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REMIC Elections. Elections shall be made by the Trustee to treat the assets of the Trust Estate described in the definition of the term “REMIC I-1,” the assets of the Trust Estate described in the definition of the term “REMIC I-2,” and the assets of the Trust Estate described in the definition of the term “REMIC I-3” as separate REMICs for federal income tax purposes. The REMIC I-1 Regular Interests will constitute the regular interests in REMIC I-1; the REMIC I-2 Regular Interests will constitute the REMIC regular interests in REMIC I-2; and the REMIC I-3 Certificates will constitute the regular interests in REMIC I-3. The Class R Certificates will represent ownership of the sole class of residual interest in REMIC I-1, REMIC I-2 and REMIC I-3. REMIC I-1 Interests. REMIC I-1 shall issue each of the following Classes of Interests in book-entry form, each of which shall be a Class of REMIC I-1 Interests, having the following Certificate Rates and initial principal balances: 1-Pool $1,135,199,929.50 1,272,075,328.02 (1) N/A(4A(7) 1-Sub-A $11,583,672.75 $ 12,980,360.49 (1) N/A 1-Sub-B $11,583,672.75 $ 12,980,360.49 (1) N/A 1-AX (2) 6.50% A-X 1-AX (3) 6.50% A-X Residual _______________

Appears in 1 contract

Samples: Trust Agreement (Gs Mortgage Securities Corp)

REMIC Elections. Elections shall be made by the Trustee to treat the assets of the Trust Estate described in the definition of the term “REMIC I-1,” the assets of the Trust Estate described in the definition of the term “REMIC I-2,” and the assets of the Trust Estate described in the definition of the term “REMIC I-3” as separate REMICs for federal income tax purposes. The REMIC I-1 Regular Interests will constitute the regular interests in REMIC I-1; the REMIC I-2 Regular Interests will constitute the REMIC regular interests in REMIC I-2; and the REMIC I-3 Certificates will constitute the regular interests in REMIC I-3. The Class R Certificates will represent ownership of the sole class of residual interest in REMIC I-1, REMIC I-2 and REMIC I-3. REMIC I-1 Interests. REMIC I-1 shall issue each of the following Classes of Interests in book-entry form, each of which shall be a Class of REMIC I-1 Interests, having the following Certificate Rates and initial principal balances: 1I-VII-Pool $1,135,199,929.50 810,632,300.66 (1) N/A(4A(9) 1VIII-SubXIV-A $11,583,672.75 Pool 257,475,365.70 (12) N/A 1-Sub-B $11,583,672.75 (1) N/A 1-AX (2) 6.50% A-X 1-AX (3) 6.50% A-X Residual _______________

Appears in 1 contract

Samples: Trust Agreement (Gs Mortgage Sec Corp Mortgage Pass THR Certs Ser 2004-2f)

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