REMIC Elections. (a) The Depositor hereby instructs and authorizes the Trustee to make an appropriate election to treat each of the Upper-Tier REMIC and the Lower-Tier REMIC as a REMIC. The Trustee shall sign the returns providing for such elections and such other tax or information returns which are required to be signed by the Trustee under applicable law. This Agreement shall be construed so as to carry out the intention of the parties that each of the Upper-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 2 contracts
Samples: Pooling and Servicing Agreement (Chase Funding Loan Acquisition Trust, Series 2004-Aq1), Pooling and Servicing Agreement (Chase Funding Loan Acquisition Trust, Series 2004-Opt1)
REMIC Elections. (a) The Depositor hereby instructs and authorizes the Trustee to make an appropriate election to treat each of the Upper-Tier REMIC 1, REMIC 2 and the Lower-Upper Tier REMIC as a REMIC. The Trustee shall sign the returns providing for such elections and such other tax or information returns which are required to be signed by the Trustee under applicable law. This Agreement shall be construed so as to carry out the intention of the parties that each of the Upper-Tier REMIC l, REMIC 2 and the Lower-Upper Tier REMIC be treated as a REMIC at all times prior to the date on which the Trust Fund is terminated.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Mort Inv Mort Ln Asst BCK Certs Ser 2003-Bc3), Pooling and Servicing Agreement (Merrill Lynch Mort Inv Inc Asst Back Certs Ser TMTS 2003 8he)
REMIC Elections. (a) The Depositor hereby instructs and authorizes the Trustee to make an appropriate election to treat each of the Upper-Tier REMIC 1, REMIC 2, REMIC 3 and the Lower-Tier REMIC 4 as a REMIC. The Trustee shall sign the returns providing for such elections and such other tax or information returns which are required to be signed by the Trustee under applicable law. This Agreement shall be construed so as to carry out the intention of the parties that each of the Upper-Tier REMIC 1, REMIC 2, REMIC 3 and the Lower-Tier REMIC 4 be treated as a REMIC at all times prior to the date on which the Trust Fund is terminated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)
REMIC Elections. (a) The Depositor hereby instructs and authorizes the Trustee to make an appropriate election to treat each of the Upper-Lower Tier REMIC and the Lower-Upper Tier REMIC as a REMIC. The Trustee shall sign the returns providing for such elections and such other tax or information returns which are required to be signed by the Trustee under applicable law. This Agreement shall be construed so as to carry out the intention of the parties that each of the Upper-Lower Tier REMIC and the Lower-Upper Tier REMIC be treated as a REMIC at all times prior to the date on which the Trust Fund is terminated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Mort Inv Inc Mort Ln as Bk Ce Ser 2003 Bc4)
REMIC Elections. (a) The Depositor hereby instructs and authorizes the Trustee to make an appropriate election to treat each of the Upper-Lower Tier REMIC and the Lower-Upper Tier REMIC as a REMIC. The Trustee shall sign the returns providing for such elections and such other tax or information returns which that are required to be signed by the Trustee under applicable law. This Agreement shall be construed so as to carry out the intention of the parties that each of the Upper-Lower Tier REMIC and the Lower-Upper Tier REMIC be treated as a REMIC at all times prior to the date on which the Trust Fund is terminated.
Appears in 1 contract
