REMIC I. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) 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 I.” Component I of the Class AR-L Certificates will represent the sole Class of “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 initial Uncertificated Principal Balance for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-4), Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-8)
REMIC I. As provided herein, the Trust Administrator Trustee will make an the election to treat described in Section 12.1 hereof for the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans (excluding the right to Excess Interest in respect of the Hyper-Amortization Loans) and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) subject to this Agreement be treated for federal income tax purposes as a real estate mortgage investment conduit (a “"REMIC”) for federal income tax purposes" and, and such particular segregated pool of assets assets, "REMIC I"). The REMIC I Regular Interests will be designated as “the "regular interests" in REMIC I.” Component I and the Class R-I Certificates will be designated as the sole class of "residual interests" in REMIC I. A separate uncertificated REMIC I Regular Interest will be issued with respect to each Mortgage Loan. Each REMIC I Regular Interest will represent the right to receive principal corresponding to the initial Stated Principal Balance of a related Mortgage Loan and interest thereon at a remittance rate (the "REMIC I REMITTANCE RATE") equal to the Net Mortgage Rate of the related Mortgage Loan in effect as of the Closing Date. For purposes of Treasury regulation Section 1.860G-1 (a)(4)(iii), the "latest possible maturity date" for each REMIC I Regular Interest shall be the Final Rated Distribution Date. The Class ARR-L I Certificates will represent the sole Class class of “residual interests” interests in REMIC I for purposes of the REMIC Provisions (as defined and will have no principal balances and no remittance rate, but will be entitled to receive on each Distribution Date any portion of the Available Distribution Amount for such Distribution Date not otherwise deemed distributed on the REMIC I Regular Interests. REMIC II As provided herein) under , the Trustee will make the election described in Section 12.1 hereof for the segregated pool of assets consisting of the REMIC I Regular Interests to be treated for federal income tax lawpurposes as a separate REMIC (such particular pool of assets, "REMIC II"). The REMIC II Regular Interests will be designated as representing the "regular interests" in REMIC II and the Class R-II Certificates will be designated as representing the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions. Fourteen separate uncertificated REMIC II Regular Interests will be issued and are designated as the "regular interests" in REMIC II. The following table irrevocably sets forth the designation, remittance rate (the “Uncertificated "REMIC I Pass-Through Rate”II REMITTANCE RATE") and initial Uncertificated Principal Balance for each of the “regular interests” in REMIC I (the “REMIC I II Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L CertificatesInterest. The “latest possible maturity date” (determined solely for For purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for , the "latest possible maturity date" of each REMIC I II Regular Interest shall be the Maturity Final Rated Distribution Date. None The Class R-II Certificates will have no principal balances and no remittance rate, but will be entitled to receive on each Distribution Date any portion of the REMIC I Regular Interests will be certificated. * The II Distribution Amount for such Distribution Date in not otherwise deemed distributed on the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I II Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc Com Mort Ps THR Cer Se 1998-Cf1)
REMIC I. As provided herein, the Trust Administrator Trustee will make an election elect to treat the segregated pool of assets consisting of all of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans (exclusive of that portion of the interest payments thereon that constitutes Additional Interest) and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) subject to this Agreement as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I.” Component I. The Class R-I of the Class AR-L Certificates will represent the sole Class class of “residual interests” in REMIC I for purposes of the REMIC Provisions (under federal income tax law. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of all of the REMIC I Regular Interests as defined herein) 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 evidence the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions under federal income tax law. For federal income tax purposes, each Class of the Regular Certificates will be designated as a separate “regular interest” in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the Class or Component designation, remittance rate (the “Uncertificated original REMIC I Pass-Through Rate”) and initial Uncertificated Principal Balance for each of the “regular interests” in corresponding REMIC I Regular Interest (the “Corresponding REMIC I Regular InterestsInterest”), the Corresponding Components of the Class X Certificates (the “Corresponding Components”) and the Original Class Principal Balance of Component I of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, Sequential Pay Certificates (the “latest possible maturity date” shall be the Final Maturity Date.Corresponding Certificates”). Class A-1 $[_________] LA-1-1 $[_________] (2) X-A-1-1 LA-1-2 $[_________] X-A-1-2 LA-1-3 $[_________] X-A-1-3 LA-1-4 $[_________] X-A-1-4 Class A-2 $[_________] LA-2-1 $[_________] (2) X-A-2-1 LA-2-2 $[_________] X-A-2-2 LA-2-3 $[_________] X-A-2-3 Class A-3 $[_________] LA-3 $[_________] (2) X-A-3 Class A-PB $[_________] LA-PB-1 $[_________] (2) X-A-PB-1 LA-PB-2 $[_________] X-A-PB-2 LA-PB-3 $[_________] X-A-PB-3 LA-PB-4 $[_________] X-A-PB-4 Class A-4 $[_________] LA-4-1 $[_________] (2) X-A-4-1 LA-4-2 $[_________] X-A-4-2 LA-4-3 $[_________] X-A-4-3 LA-4-4 $[_________] X-A-4-4 LA-4-5 $[_________] X-A-4-5 LA-4-6 $[_________] X-A-4-6 LA-4-7 $[_________] X-A-4-7 Class A-5 $[_________] LA-5-1 $[_________] (2) X-A-5-1 LA-5-2 $[_________] X-A-5-2 LA-5-3 $[_________] X-A-5-3 Class A-1A $[_________] LA-1A-1 $[_________] (2) X-A-1A-1 LA-1A-2 $[_________] X-A-1A-2 LA-1A-3 $[_________] X-A-1A-3 LA-1A-4 $[_________] X-A-1A-4 LA-1A-5 $[_________] X-A-1A-5 LA-1A-6 $[_________] X-A-1A-6 LA-1A-7 $[_________] X-A-1A-7 LA-1A-8 $[_________] X-A-1A-8 LA-1A-9 $[_________] X-A-1A-9 LA-1A-10 $[_________] X-A-1A-10 LA-1A-11 $[_________] X-A-1A-11 LA-1A-12 $[_________] X-A-1A-12 LA-1A-13 $[_________] X-A-1A-13 LA-1A-14 $[_________] X-A-1A-14 LA-1A-15 $[_________] X-A-1A-15 Class A-M $[_________] LA-M $[_________] (2) X-A-M Class A-J $[_________] LA-J $[_________] (2) X-A-J Class B $[_________] LB $[_________] (2) X-B Class C $[_________] LC $[_________] (2) X-C Class D $[_________] LD $[_________] (2) X-D Class E $[_________] LE-1 $[_________] (2) X-E-1 LE-2 $[_________] X-E-2 Class F $[_________] LF-1 $[_________] (2) X-F-1 LF-2 $[_________] X-F-2 LF-3 $[_________] X-F-3 Class G $[_________] LG-1 $[_________] (2) X-G-1 LG-2 $[_________] X-G-2 Class H $[_________] LH-1 $[_________] (2) X-H-1 LH-2 $[_________] X-H-2 LH-3 $[_________] X-H-3 Class J $[_________] LJ-1 $[_________] (2) X-J-1 LJ-2 $[_________] X-J-2 Class K $[_________] LK-1 $[_________] (2) X-K-1 LK-2 $[_________] X-K-2 LK-3 $[_________] X-K-3 Class L $[_________] LL $[_________] (2) X-L Class M $[_________] LM $[_________] (2) X-M Class N $[_________] LN $[_________] (2) X-N Class O $[_________] LO $[_________] (2) X-O Class P $[_________] LP $[_________] (2) X-P Class Q $[_________] LQ $[_________] (2) X-Q Class S $[_________] LS $[_________] (2) X-S __________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Securities Inc)
REMIC I. As provided herein, the Trust Administrator Trustee will make an the election to treat described in Section 12.1 hereof for the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans (excluding the right to Excess Interest in respect of the Hyper-Amortization Loans) and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) subject to this Agreement be treated for federal income tax purposes as a real estate mortgage investment conduit (a “"REMIC”) for federal income tax purposes" and, and such particular segregated pool of assets assets, "REMIC I"). The REMIC I Regular Interests will be designated as “the "regular interests" in REMIC I.” Component I and the Class R-I Certificates will be designated as the sole class of "residual interests" in REMIC I. A separate uncertificated REMIC I Regular Interest will be issued with respect to each Mortgage Loan. Each REMIC I Regular Interest will represent the right to receive principal corresponding to the initial Stated Principal Balance of a related Mortgage Loan and interest thereon at a remittance rate (the "REMIC I REMITTANCE RATE") equal to the Net Mortgage Rate of the related Mortgage Loan in effect. For purposes of Treasury regulation Section 1.860G-1 (a)(4)(iii), the "latest possible maturity date" for each REMIC I Regular Interest shall be the Final Rated Distribution Date. The Class ARR-L I Certificates will represent the sole Class class of “residual interests” interests in REMIC I for purposes of the REMIC Provisions (as defined and will have no principal balances and no remittance rate, but will be entitled to receive on each Distribution Date any portion of the Available Distribution Amount for such Distribution Date not otherwise deemed distributed on the REMIC I Regular Interests. REMIC II As provided herein) under , the Trustee will make the election described in Section 12.1 hereof for the segregated pool of assets consisting of the REMIC I Regular Interests to be treated for federal income tax lawpurposes as a separate REMIC (such particular pool of assets, "REMIC II"). The REMIC II Regular Interests will be designated as representing the "regular interests" in REMIC II and the Class R-II Certificates will be designated as representing the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions. Fourteen separate uncertificated REMIC II Regular Interests will be issued and are designated as the "regular interests" in REMIC II. The following table irrevocably sets forth the designation, remittance rate (the “Uncertificated "REMIC I Pass-Through Rate”II REMITTANCE RATE") and initial Uncertificated Principal Balance for each of the “regular interests” in REMIC I (the “REMIC I II Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L CertificatesInterest. The “latest possible maturity date” (determined solely for For purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for , the "latest possible maturity date" of each REMIC I II Regular Interest shall be the Maturity Final Rated Distribution Date. None The Class R-II Certificates will have no principal balances and no remittance rate, but will be entitled to receive on each Distribution Date any portion of the REMIC I Regular Interests will be certificated. * The II Distribution Amount for such Distribution Date in not otherwise deemed distributed on the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I II Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc)
REMIC I. As provided herein, subsequent to a TMP Trigger Event, the Trust Administrator Indenture Trustee will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans and certain other related assets (exclusive of excluding the Carryover Reserve Fund and any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest AccountREO Property) 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 I.” Component " The Class R-I of the Class AR-L Certificates Interest will represent the sole Class class of “"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 initial Uncertificated Principal Balance for each of the “"regular interests” " in REMIC I (the “"REMIC I Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L Certificates"). The “"latest possible maturity date” " (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date360th distribution date. None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of UNCERTIFICATED REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.UNCERTIFICATED PRINCIPAL LATEST POSSIBLE MATURITY DESIGNATION PASS-THROUGH RATE BALANCE DATE --------------- ---------------------- ------------------------ ------------------------ LT-1SUB Variable(1) (6) LT-1ZZZ Variable(1) (7) LT-2SUB Variable(2) (6) LT-2ZZZ Variable(2) (8) LT-3SUB Variable(3) (6) LT-3ZZZ Variable(3) (9) LT-4SUB Variable(4) (6) LT-4ZZZ Variable(4) (10) LT-5SUB Variable(5) (6) LT-5ZZZ Variable(5) (11)
Appears in 1 contract
REMIC I. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 3 and Group 6 4 Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiumsthe Group 3 Excess Interest, the Group 7 4 Excess Interest, the Class C-B-1 and Class 5-A-3 Interest Rate Cap Agreement Agreements and the assets held in the Group 7 Class C B-1 and Class 5-A-3 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest AccountAccounts) 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 I.” " Component I of the Class AR-L Certificates will represent the sole Class of “"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 initial Uncertificated Principal Balance for each of the “"regular interests” " in REMIC I (the “"REMIC I Regular Interests”") and the Class Principal Balance of Component I of the Class AR-L Certificates. The “"latest possible maturity date” " (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2004-4)
REMIC I. 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 Mortgage Loan Sellers. 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 will acquire the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. As provided herein, the Trust Administrator Trustee will make an election elect to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 I Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) subject to this Agreement (other than the Group I Reserve Fund, any related Prepayment Charge Waiver Amounts and, for the avoidance of doubt, the Group I Supplemental Interest Trust, the Group I Swap Agreement, the Group I Swap Account, the Group I Swap Collateral Account and any rights or obligations in respect of the Swap Administration Agreement) as a real estate mortgage investment conduit REMIC (a “REMIC”as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I.” Component I of the I”. The Class ARI-L R-1 Certificates will represent be the sole Class class of “residual interests” 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, remittance rate (the “Uncertificated REMIC I Pass-Through Rate”) and , the initial Uncertificated Principal Balance and, for each purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “regular interests” in REMIC I (the “REMIC I Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L Certificates. 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 Interest shall be the Maturity DateInterests (as defined herein). None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of Designation Uncertificated REMIC I Regular and Residual InterestsPass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) I-1-A Variable(2) $ 481,675.16 February 25, the “latest possible maturity date” shall be the Final Maturity Date.2037 I-1-B Variable(2) $ 481,675.16 February 25, 2037 I-2-A Variable(2) $ 646,996.55 February 25, 2037 I-2-B Variable(2) $ 646,996.55 February 25, 2037 I-3-A Variable(2) $ 812,387.36 February 25, 2037 I-3-B Variable(2) $ 812,387.36 February 25, 2037 I-4-A Variable(2) $ 976,964.61 February 25, 2037 I-4-B Variable(2) $ 976,964.61 February 25, 2037 I-5-A Variable(2) $ 1,139,275.86 February 25, 2037 I-5-B Variable(2) $ 1,139,275.86 February 25, 2037 I-6-A Variable(2) $ 1,297,304.60 February 25, 2037 I-6-B Variable(2) $ 1,297,304.60 February 25, 2037 I-7-A Variable(2) $ 1,449,901.84 February 25, 2037 I-7-B Variable(2) $ 1,449,901.84 February 25, 2037 I-8-A Variable(2) $ 1,595,681.03 February 25, 2037 I-8-B Variable(2) $ 1,595,681.03 February 25, 2037 I-9-A Variable(2) $ 1,731,768.08 February 25, 2037 I-9-B Variable(2) $ 1,731,768.08 February 25, 2037 I-10-A Variable(2) $ 1,855,723.59 February 25, 2037 I-10-B Variable(2) $ 1,855,723.59 February 25, 2037 I-11-A Variable(2) $ 1,898,520.69 February 25, 2037 I-11-B Variable(2) $ 1,898,520.69 February 25, 2037 I-12-A Variable(2) $ 1,812,759.73 February 25, 2037 I-12-B Variable(2) $ 1,812,759.73 February 25, 2037 I-13-A Variable(2) $ 1,730,335.82 February 25, 2037 I-13-B Variable(2) $ 1,730,335.82 February 25, 2037 I-14-A Variable(2) $ 1,651,697.97 February 25, 2037 I-14-B Variable(2) $ 1,651,697.97 February 25, 2037 I-15-A Variable(2) $ 1,576,671.04 February 25, 2037 I-15-B Variable(2) $ 1,576,671.04 February 25, 2037 I-16-A Variable(2) $ 1,505,088.06 February 25, 2037 I-16-B Variable(2) $ 1,505,088.06 February 25, 2037 I-17-A Variable(2) $ 1,436,789.75 February 25, 2037 I-17-B Variable(2) $ 1,436,789.75 February 25, 2037 I-18-A Variable(2) $ 1,371,605.33 February 25, 2037 I-18-B Variable(2) $ 1,371,605.33 February 25, 2037 I-19-A Variable(2) $ 1,309,429.69 February 25, 2037 I-19-B Variable(2) $ 1,309,429.69 February 25, 2037 I-20-A Variable(2) $ 1,250,103.94 February 25, 2037 I-20-B Variable(2) $ 1,250,103.94 February 25, 2037 I-21-A Variable(2) $ 1,193,496.46 February 25, 2037 I-21-B Variable(2) $ 1,193,496.46 February 25, 2037 I-22-A Variable(2) $ 1,139,461.88 February 25, 2037 I-22-B Variable(2) $ 1,139,461.88 February 25, 2037 I-23-A Variable(2) $ 1,087,127.08 February 25, 2037 I-23-B Variable(2) $ 1,087,127.08 February 25, 2037 I-24-A Variable(2) $ 1,036,331.46 February 25, 2037 I-24-B Variable(2) $ 1,036,331.46 February 25, 2037 I-25-A Variable(2) $ 989,617.12 February 25, 2037 I-25-B Variable(2) $ 989,617.12 February 25, 2037 I-26-A Variable(2) $ 945,034.37 February 25, 2037 I-26-B Variable(2) $ 945,034.37 February 25, 2037 I-27-A Variable(2) $ 902,485.11 February 25, 2037 I-27-B Variable(2) $ 902,485.11 February 25, 2037 I-28-A Variable(2) $ 861,875.77 February 25, 2037 I-28-B Variable(2) $ 861,875.77 February 25, 2037 I-29-A Variable(2) $ 823,114.70 February 25, 2037 I-29-B Variable(2) $ 823,114.70 February 25, 2037 I-30-A Variable(2) $ 786,114.58 February 25, 2037 I-30-B Variable(2) $ 786,114.58 February 25, 2037 I-31-A Variable(2) $ 750,806.76 February 25, 2037 I-31-B Variable(2) $ 750,806.76 February 25, 2037 I-32-A Variable(2) $ 717,105.87 February 25, 2037 I-32-B Variable(2) $ 717,105.87 February 25, 2037 I-33-A Variable(2) $ 684,934.88 February 25, 2037 I-33-B Variable(2) $ 684,934.88 February 25, 2037 I-34-A Variable(2) $ 654,228.99 February 25, 2037 I-34-B Variable(2) $ 654,228.99 February 25, 2037 I-35-A Variable(2) $ 624,900.57 February 25, 2037 I-35-B Variable(2) $ 624,900.57 February 25, 2037 I-36-A Variable(2) $ 596,921.14 February 25, 2037 I-36-B Variable(2) $ 596,921.14 February 25, 2037 I-37-A Variable(2) $ 570,215.72 February 25, 2037 I-37-B Variable(2) $ 570,215.72 February 25, 2037 I-38-A Variable(2) $ 544,722.25 February 25, 2037 I-38-B Variable(2) $ 544,722.25 February 25, 2037 I-39-A Variable(2) $ 520,385.20 February 25, 2037 I-39-B Variable(2) $ 520,385.20 February 25, 2037 I-40-A Variable(2) $ 497,151.53 February 25, 2037 I-40-B Variable(2) $ 497,151.53 February 25, 2037 I-41-A Variable(2) $ 474,970.10 February 25, 2037 I-41-B Variable(2) $ 474,970.10 February 25, 2037 I-42-A Variable(2) $ 453,793.94 February 25, 2037 I-42-B Variable(2) $ 453,793.94 February 25, 2037 I-43-A Variable(2) $ 433,576.39 February 25, 2037 I-43-B Variable(2) $ 433,576.39 February 25, 2037 I-44-A Variable(2) $ 414,273.58 February 25, 2037 I-44-B Variable(2) $ 414,273.58 February 25, 2037 I-45-A Variable(2) $ 395,843.65 February 25, 2037 I-45-B Variable(2) $ 395,843.65 February 25, 2037 I-46-A Variable(2) $ 378,246.69 February 25, 2037 I-46-B Variable(2) $ 378,246.69 February 25, 2037 I-47-A Variable(2) $ 361,444.60 February 25, 2037 I-47-B Variable(2) $ 361,444.60 February 25, 2037 I-48-A Variable(2) $ 6,142,368.95 February 25, 2037 I-48-B Variable(2) $ 6,142,368.95 February 25, 2037 I-49-A Variable(2) $ 57,018.95 February 25, 2037 I-49-B Variable(2) $ 57,018.95 February 25, 2037 I-50-A Variable(2) $ 55,237.38 February 25, 2037 I-50-B Variable(2) $ 55,237.38 February 25, 2037 I-51-A Variable(2) $ 53,511.26 February 25, 2037 I-51-B Variable(2) $ 53,511.26 February 25, 2037 I-52-A Variable(2) $ 51,838.85 February 25, 2037 I-52-B Variable(2) $ 51,838.85 February 25, 2037 I-53-A Variable(2) $ 50,218.49 February 25, 2037 I-53-B Variable(2) $ 50,218.49 February 25, 2037 I-54-A Variable(2) $ 48,648.58 February 25, 2037 I-54-B Variable(2) $ 48,648.58 February 25, 2037 I-55-A Variable(2) $ 47,127.53 February 25, 2037 I-55-B Variable(2) $ 47,127.53 February 25, 2037 I-56-A Variable(2) $ 45,653.85 February 25, 2037 I-56-B Variable(2) $ 45,653.85 February 25, 2037 I-57-A Variable(2) $ 44,226.04 February 25, 2037 I-57-B Variable(2) $ 44,226.04 February 25, 2037 I-58-A Variable(2) $ 42,864.30 February 25, 2037 I-58-B Variable(2) $ 42,864.30 February 25, 2037 I-59-A Variable(2) $ 41,522.84 February 25, 2037 I-59-B Variable(2) $ 41,522.84 February 25, 2037 I-60-A Variable(2) $ 1,276,920.51 February 25, 2037 I-60-B Variable(2) $ 1,276,920.51 February 25, 2037 P 0.00% $ 100.00 February 25, 2037 ___________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-He1)
REMIC I. 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 will acquire the Subsequent Mortgage Loans, which will be sold to the Trust on the related Subsequent Transfer Date. As provided herein, the Trust Administrator Trustee will make an election elect to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 I Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) subject to this Agreement (other than the Group I Reserve Fund, the Group I Pre-Funding Account, the Group I Interest Coverage Account, any related Prepayment Charge Waiver Amounts and, for the avoidance of doubt, the Group I Supplemental Interest Trust, the Group I Swap Agreement, the Group I Swap Account, the Group I Swap Collateral Account and any rights or obligations in respect of the Swap Administration Agreement) as a real estate mortgage investment conduit REMIC (a “REMIC”as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I.” Component I of the I”. The Class ARI-L R-1 Certificates will represent be the sole Class class of “residual interests” 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, remittance rate (the “Uncertificated REMIC I Pass-Through Rate”) and , the initial Uncertificated Principal Balance and, for each purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “regular interests” in REMIC I (the “REMIC I Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L Certificates. 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 Interest shall be the Maturity DateInterests (as defined herein). None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified monthI-1-A Variable(2) $ 1,635,519.08 December 25, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes2036 I-1-B Variable(2) $ 1,635,519.08 December 25, for each Class of REMIC I Regular and Residual Interests2036 I-2-A Variable(2) $ 2,120,358.12 December 25, the “latest possible maturity date” shall be the Final Maturity Date.2036 I-2-B Variable(2) $ 2,120,358.12 December 25, 2036 I-3-A Variable(2) $ 2,605,034.15 December 25, 2036 I-3-B Variable(2) $ 2,605,034.15 December 25, 2036 I-4-A Variable(2) $ 3,085,429.76 December 25, 2036 I-4-B Variable(2) $ 3,085,429.76 December 25, 2036 I-5-A Variable(2) $ 3,557,245.91 December 25, 2036 I-5-B Variable(2) $ 3,557,245.91 December 25, 2036 I-6-A Variable(2) $ 4,016,048.43 December 25, 2036 I-6-B Variable(2) $ 4,016,048.43 December 25, 2036 I-7-A Variable(2) $ 4,457,320.62 December 25, 2036 I-7-B Variable(2) $ 4,457,320.62 December 25, 2036 I-8-A Variable(2) $ 4,876,448.61 December 25, 2036 I-8-B Variable(2) $ 4,876,448.61 December 25, 2036 I-9-A Variable(2) $ 5,268,640.18 December 25, 2036 I-9-B Variable(2) $ 5,268,640.18 December 25, 2036 I-10-A Variable(2) $ 5,628,059.27 December 25, 2036 I-10-B Variable(2) $ 5,628,059.27 December 25, 2036 I-11-A Variable(2) $ 5,466,376.69 December 25, 2036 I-11-B Variable(2) $ 5,466,376.69 December 25, 2036 I-12-A Variable(2) $ 5,220,813.42 December 25, 2036 I-12-B Variable(2) $ 5,220,813.42 December 25, 2036 I-13-A Variable(2) $ 4,986,260.95 December 25, 2036 I-13-B Variable(2) $ 4,986,260.95 December 25, 2036 I-14-A Variable(2) $ 4,762,390.04 December 25, 2036 I-14-B Variable(2) $ 4,762,390.04 December 25, 2036 I-15-A Variable(2) $ 4,548,709.55 December 25, 2036 I-15-B Variable(2) $ 4,548,709.55 December 25, 2036 I-16-A Variable(2) $ 4,344,751.06 December 25, 2036 I-16-B Variable(2) $ 4,344,751.06 December 25, 2036 I-17-A Variable(2) $ 4,150,067.84 December 25, 2036 I-17-B Variable(2) $ 4,150,067.84 December 25, 2036 I-18-A Variable(2) $ 3,964,233.86 December 25, 2036 I-18-B Variable(2) $ 3,964,233.86 December 25, 2036 I-19-A Variable(2) $ 3,786,842.73 December 25, 2036 I-19-B Variable(2) $ 3,786,842.73 December 25, 2036 I-20-A Variable(2) $ 3,617,506.90 December 25, 2036 I-20-B Variable(2) $ 3,617,506.90 December 25, 2036 I-21-A Variable(2) $ 3,455,856.70 December 25, 2036 I-21-B Variable(2) $ 3,455,856.70 December 25, 2036 I-22-A Variable(2) $ 3,301,539.60 December 25, 2036 I-22-B Variable(2) $ 3,301,539.60 December 25, 2036 I-23-A Variable(2) $ 3,148,057.54 December 25, 2036 I-23-B Variable(2) $ 3,148,057.54 December 25, 2036 I-24-A Variable(2) $ 3,007,349.87 December 25, 2036 I-24-B Variable(2) $ 3,007,349.87 December 25, 2036 I-25-A Variable(2) $ 2,873,644.15 December 25, 2036 I-25-B Variable(2) $ 2,873,644.15 December 25, 2036 I-26-A Variable(2) $ 2,745,978.51 December 25, 2036 I-26-B Variable(2) $ 2,745,978.51 December 25, 2036 I-27-A Variable(2) $ 2,624,076.90 December 25, 2036 I-27-B Variable(2) $ 2,624,076.90 December 25, 2036 I-28-A Variable(2) $ 2,507,676.03 December 25, 2036 I-28-B Variable(2) $ 2,507,676.03 December 25, 2036 I-29-A Variable(2) $ 2,396,524.67 December 25, 2036 I-29-B Variable(2) $ 2,396,524.67 December 25, 2036 I-30-A Variable(2) $ 2,290,297.62 December 25, 2036 I-30-B Variable(2) $ 2,290,297.62 December 25, 2036 I-31-A Variable(2) $ 2,188,945.04 December 25, 2036 I-31-B Variable(2) $ 2,188,945.04 December 25, 2036 I-32-A Variable(2) $ 2,092,155.19 December 25, 2036 I-32-B Variable(2) $ 2,092,155.19 December 25, 2036 I-33-A Variable(2) $ 1,999,720.09 December 25, 2036 I-33-B Variable(2) $ 1,999,720.09 December 25, 2036 I-34-A Variable(2) $ 1,911,441.29 December 25, 2036 I-34-B Variable(2) $ 1,911,441.29 December 25, 2036 I-35-A Variable(2) $ 1,826,995.01 December 25, 2036 I-35-B Variable(2) $ 1,826,995.01 December 25, 2036 I-36-A Variable(2) $ 1,746,470.90 December 25, 2036 I-36-B Variable(2) $ 1,746,470.90 December 25, 2036 I-37-A Variable(2) $ 1,669,571.72 December 25, 2036 I-37-B Variable(2) $ 1,669,571.72 December 25, 2036 I-38-A Variable(2) $ 1,596,121.35 December 25, 2036 I-38-B Variable(2) $ 1,596,121.35 December 25, 2036 I-39-A Variable(2) $ 1,525,963.03 December 25, 2036 I-39-B Variable(2) $ 1,525,963.03 December 25, 2036 I-40-A Variable(2) $ 1,458,947.14 December 25, 2036 I-40-B Variable(2) $ 1,458,947.14 December 25, 2036 I-41-A Variable(2) $ 1,394,925.36 December 25, 2036 I-41-B Variable(2) $ 1,394,925.36 December 25, 2036 I-42-A Variable(2) $ 1,333,772.30 December 25, 2036 I-42-B Variable(2) $ 1,333,772.30 December 25, 2036 I-43-A Variable(2) $ 1,275,353.73 December 25, 2036 I-43-B Variable(2) $ 1,275,353.73 December 25, 2036 I-44-A Variable(2) $ 1,219,544.67 December 25, 2036 I-44-B Variable(2) $ 1,219,544.67 December 25, 2036 I-45-A Variable(2) $ 1,166,226.90 December 25, 2036 I-45-B Variable(2) $ 1,166,226.90 December 25, 2036 I-46-A Variable(2) $ 1,115,287.48 December 25, 2036 I-46-B Variable(2) $ 1,115,287.48 December 25, 2036 I-47-A Variable(2) $ 1,066,617.86 December 25, 2036 I-47-B Variable(2) $ 1,066,617.86 December 25, 2036 I-48-A Variable(2) $ 17,082,906.96 December 25, 2036 I-48-B Variable(2) $ 17,082,906.96 December 25, 2036 I-49-A Variable(2) $ 219,104.12 December 25, 2036 I-49-B Variable(2) $ 219,104.12 December 25, 2036 I-50-A Variable(2) $ 212,244.30 December 25, 2036 I-50-B Variable(2) $ 212,244.30 December 25, 2036 I-51-A Variable(2) $ 205,598.33 December 25, 2036 I-51-B Variable(2) $ 205,598.33 December 25, 2036 I-52-A Variable(2) $ 199,159.55 December 25, 2036 I-52-B Variable(2) $ 199,159.55 December 25, 2036 I-53-A Variable(2) $ 192,921.52 December 25, 2036 I-53-B Variable(2) $ 192,921.52 December 25, 2036 I-54-A Variable(2) $ 186,878.01 December 25, 2036 I-54-B Variable(2) $ 186,878.01 December 25, 2036 I-55-A Variable(2) $ 181,022.96 December 25, 2036 I-55-B Variable(2) $ 181,022.96 December 25, 2036 I-56-A Variable(2) $ 175,350.53 December 25, 2036 I-56-B Variable(2) $ 175,350.53 December 25, 2036 I-57-A Variable(2) $ 169,855.04 December 25, 2036 I-57-B Variable(2) $ 169,855.04 December 25, 2036 I-58-A Variable(2) $ 164,530.98 December 25, 2036 I-58-B Variable(2) $ 164,530.98 December 25, 2036 I-59-A Variable(2) $ 159,373.02 December 25, 2036 I-59-B Variable(2) $ 159,373.02 December 25, 2036 I-60-A Variable(2) $ 4,891,170.98 December 25, 2036 I-60-B Variable(2) $ 4,891,170.98 December 25, 2036 P 0.00% $ 100.00 December 25, 2036 ___________________________
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-He10)
REMIC I. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, 4 and Group 5 and Group 6 Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement Agreements and the assets held in the Group 7 6 Interest Rate Cap Account, the Class 3-A-1 Basis Risk Reserve Fund, the Prefunding Account and the Capitalized Interest Account) 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 I.” Component I of the Class AR-L Certificates will represent the sole Class of “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 initial Uncertificated Principal Balance for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-5)
REMIC I. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 3 and Group 6 4 Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 5 Interest Rate Cap Agreement and the assets held in the Group 7 5 Interest Rate Cap Account, the Group 6 Basis Risk Reserve Fund, the Prefunding Account and the Capitalized Interest Account) 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 I.” " Component I of the Class AR-L Certificates will represent the sole Class of “"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 initial Uncertificated Principal Balance for each of the “"regular interests” " in REMIC I (the “"REMIC I Regular Interests”") and the Class Principal Balance of Component I of the Class AR-L Certificates. The “"latest possible maturity date” " (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-10)
REMIC I. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 1 Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest AccountBasis Risk Reserve Funds) 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 I.” Component I of the Class AR-L Certificates will represent the sole Class class of “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”) Rate or Pass-Through Rate and initial Uncertificated Principal Balance or Class Principal Balance for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest and Component I of the Class AR-L Certificates shall be the Final Maturity Date. None of the REMIC I Regular Interests will be certificated. Class Designation for each REMIC I Regular Interest and Component I of the Class AR-L Certificates Type of Interest Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance or Class Principal Balance Final Maturity Date* _______________ * The Distribution Date in the specified month, which is the fourth month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-6a)
REMIC I. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) 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 I.” Component I of the Class AR-L Certificates will represent the sole Class of “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 initial Uncertificated Principal Balance for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-7)
REMIC I. As provided herein, the Trust Administrator Trustee will make an election elect to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans (exclusive of Excess Interest) and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) subject to this Agreement shall be treated as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes, and such segregated asset pool of assets will be designated as “REMIC I.I”. The REMIC I Regular Interests listed below under the heading “Corresponding REMIC I Regular Interests” Component constitute “regular interests” in REMIC I of and the Class ARR-L I Certificates will represent constitute the sole Class of “residual interests” in REMIC I created hereunder for purposes of the REMIC Provisions (as defined herein) under federal income tax lawProvisions. The following table irrevocably sets forth the Class or Component designation, remittance rate (the “Uncertificated REMIC I Pass-Through Rate”) and initial Uncertificated Principal Balance for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each corresponding REMIC I Regular Interest shall be (the Maturity Date. None of the “Corresponding REMIC I Regular Interests will be certificated. * The Distribution Date in Interest”) [and the specified month, which is Corresponding Components of the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, Class X Certificates] for each Class of the REMIC II Regular Certificates (the “Corresponding Certificates”) (for the avoidance of doubt, in the case of the Class A-FL Certificates, “Corresponding Certificates” shall mean the Class A-FL Regular Interest): Corresponding Certificates Corresponding REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.Interests(1) REMIC I Principal Balance [Corresponding Components of Class X Certificates(1)] Class A LA $[_________] XA Class B LB $[_________] XB Class C LC $[_________] XC Class D LD $[_________] N/A Class A-FL Regular Interest LA-FL(2) $[_________] XA-FL
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Merrill Lynch Commercial Mortgage Inc.)
REMIC I. As provided herein, the Trust Administrator Trustee will make an election elect to treat the segregated pool of assets consisting of all of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans (exclusive of that portion of the interest payments thereon that constitutes Additional Interest) and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) subject to this Agreement as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I.” Component I. The Class R-I of the Class AR-L Certificates will represent the sole Class class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following For federal income tax purposes, the interests defined in the table irrevocably sets forth below the designation, remittance rate (the heading “Uncertificated REMIC II” as “Corresponding REMIC I Pass-Through Rate”) and initial Uncertificated Principal Balance for each of Regular Interests” are the “regular interests” in REMIC I (I. As provided herein, the “REMIC I Regular Interests”) and Trustee will elect to treat the Class Principal Balance segregated pool of Component I assets consisting of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None all of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be certificateddesignated as REMIC II. * The Distribution Date Class R-II Certificates will evidence the sole class of “residual interests” in REMIC II for purposes of the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group maturesREMIC Provisions under federal income tax law. For federal income tax purposes, each Class of Regular Certificates and the Class A-5FL Regular Interest will be designated as a separate “regular interest” in REMIC II for purposes of the REMIC Provisions under federal income tax law. Each of the “Corresponding Components of Class IO Certificates” is a “regular interest” in REMIC II and the Class IO Certificates represent such Corresponding Components. The following table sets forth the Class or Component designation, the original REMIC I Principal Balance for each corresponding REMIC I Regular Interest (each, a “Corresponding REMIC I Regular Interest”), the Corresponding Components of the Class IO Certificates (the “Corresponding Components”) and the Original Class Principal Balance for each Class of REMIC I Regular and Residual Interests, Sequential Pay Certificates (the “latest possible maturity date” shall be the Final Maturity Date.Corresponding Certificates”). Class A-1 $50,911,000 LA-1 $50,911,000 (2) IO-A-1 Class A-2 $663,472,000 LA-2 $663,472,000 (2) IO-A-2 Class A-3 $188,934,000 LA-3 $188,934,000 (2) IO-A-3 Class A-PB $85,402,000 LA-PB $85,402,000 (2) IO-A-PB Class A-4 $1,025,478,000 LA-4 $1,025,478,000 (2) IO-A-4 Class A-5 $250,000,000 LA-5 $250,000,000 (2) IO-A-5 Class A-5FL $500,000,000 LA-5FL $500,000,000 Class A-1A $1,327,630,000 LA-1A-1 $1,327,630,000 (2) IO-A-1A-1 Class A-M $584,547,000 LA-M $584,547,000 (2) IO-A-M Class A-J $460,331,000 LA-J $460,331,000 (2) IO-A-J Class B $36,534,000 LB $36,534,000 (2) IO-B Class C $73,068,000 LC $73,068,000 (2) IO-C Class D $73,069,000 LD $73,069,000 (2) IO-D Class E $29,227,000 LE $29,227,000 (2) Class F $51,148,000 LF $51,148,000 (2) Class G $58,454,000 LG $58,454,000 (2) Class H $80,376,000 LH $80,376,000 (2) Class J $51,147,000 LJ $51,147,000 (2) Class K $65,762,000 LK $65,762,000 (2) Class L $29,227,000 LL $29,227,000 (2) IO-L Class M $14,614,000 LM $14,614,000 (2) IO-M Class N $21,921,000 LN $21,921,000 (2) IO-N Class O $14,614,000 LO $14,614,000 (2) IO-O Class P $14,613,000 LP $14,613,000 (2) IO-P Class Q $14,614,000 LQ $14,614,000 (2) IO-Q Class S $7,306,000 LS $7,306,000 (2) IO-S Class T $14,614,000 LT $14,614,000 (2) IO-T Class U $58,455,231 LU $58,455,231 (2) IO-U
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2007-C31)
REMIC I. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiumsthe Class C-B-1, the Group 7 Class 7-A-3, Class 7-A-4 and Class 7-M-4 Interest Rate Cap Agreement Agreements and the assets held in the Group 7 Basis Risk Reserve Funds, the Class C-B-1, Class 7-A-3, Class 7-A-4 and Class 7-M-4 Interest Rate Cap AccountAccounts, the Prefunding Account and the Capitalized Interest Account) 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 I.” " Component I of the Class AR-L Certificates will represent the sole Class of “"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 initial Uncertificated Principal Balance for each of the “"regular interests” " in REMIC I (the “"REMIC I Regular Interests”") and the Class Principal Balance of Component I of the Class AR-L Certificates. The “"latest possible maturity date” " (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2004-2)
REMIC I. As provided herein, the Trust Administrator Trustee will make an election elect to treat the segregated pool of assets consisting of all of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans (exclusive of that portion of the interest payments thereon that constitutes Additional Interest) and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) subject to this Agreement as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I.” Component I”. The Class R-I of the Class AR-L Certificates will represent the sole Class class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following For federal income tax purposes, the interests defined in the table irrevocably sets forth below the designation, remittance rate (the heading “Uncertificated REMIC II” as “Corresponding REMIC I Pass-Through Rate”) and initial Uncertificated Principal Balance for each of Regular Interests” are the “regular interests” in REMIC I (I. As provided herein, the “REMIC I Regular Interests”) and Trustee will elect to treat the Class Principal Balance segregated pool of Component I assets consisting of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None all of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be certificateddesignated as “REMIC II”. * The Distribution Date Class R-II Certificates will evidence the sole class of “residual interests” in REMIC II for purposes of the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group maturesREMIC Provisions under federal income tax law. For federal income tax purposes, each Class of the Regular Certificates will be designated as a separate “regular interest” in REMIC II for purposes of the REMIC Provisions under federal income tax law. Each of the “Corresponding Components of Class X Certificates” is a “regular interest” in REMIC II and the Class X-C Certificates and the Class X-P Certificates represent such Corresponding Components. The following table sets forth the Class or Component designation, the original REMIC I Principal Balance for each corresponding REMIC I Regular Interest (the “Corresponding REMIC I Regular Interest”), the Corresponding Components of the Class X Certificates (the “Corresponding Components”) and the Original Class Principal Balance for each Class of REMIC I Regular and Residual Interests, Sequential Pay Certificates (the “latest possible maturity date” shall be the Final Maturity Date.Corresponding Certificates”). Class A-1 $ 30,437,000 LA-1-1 $ 1,516,000 (2) X-A-1-1 LA-1-2 $ 1,963,000 X-A-1-2 LA-1-3 $ 26,958,000 X-A-1-3 Class A-2 $ 361,311,000 LA-2-1 $ 3,110,000 (2) X-A-2-1 LA-2-2 $ 34,640,000 X-A-2-2 LA-2-3 $ 34,131,000 X-A-2-3 LA-2-4 $ 33,045,000 X-A-2-4 LA-2-5 $ 32,600,000 X-A-2-5 LA-2-6 $ 31,520,000 X-A-2-6 LA-2-7 $ 30,989,000 X-A-2-7 Class A-PB $ 84,272,000 LA-PB-1 $ 84,272,000 (2) X-A-PB-1 Class A-1A $ 314,342,000 LA-1A-1 $ 346,000 (2) X-A-1A-1 LA-1A-2 $ 433,000 X-A-1A-2 LA-1A-3 $ 5,315,000 X-A-1A-3 LA-1A-4 $ 6,486,000 X-A-1A-4 LA-1A-5 $ 6,365,000 X-A-1A-5 LA-1A-6 $ 6,215,000 X-A-1A-6 LA-1A-7 $ 6,314,000 X-A-1A- LA-1A-8 $ 6,103,000 X-A-1A-8 LA-1A-9 $ 6,174,000 X-A-1A-9 LA-1A-10 $ 7,126,000 X-A-1A-10 LA-1A-11 $ 6,207,000 X-A-1A-11 LA-1A-12 $ 6,058,000 X-A-1A-12 LA-1A-13 $ 12,172,000 X-A-1A-13 LA-1A-14 $ 5,646,000 X-A-1A-14 Class A-M $ 200,192,000 LA-M $ 200,192,000 (2) X-A-M Class A-J $ 145,140,000 LA-J $ 145,140,000 (2) X-A-J Class B $ 17,517,000 LB $ 17,517,000 (2) X-B Class C $ 22,521,000 LC $ 22,521,000 (2) X-C Class D $ 17,517,000 LD-1 $ 3,621,000 (2) X-D-1 LD-2 $ 13,896,000 X-D-2 Class E $ 15,015,000 LE-1 $ 6,625,000 (2) X-E-1 LE-2 $ 8,390,000 X-E-2 Class F $ 20,019,000 LF-1 $ 1,123,000 (2) X-F-1 LF-2 $ 13,031,000 X-F-2 LF-3 $ 5,865,000 X-F-3 Class G $ 20,019,000 LG-1 $ 7,181,000 (2) X-G-1 LG-2 $ 12,838,000 X-G-2 Class H $ 25,024,000 LH-1 $ 15,127,000 (2) X-H-1 LH-2 $ 9,897,000 X-H-2 LJ-2 $ 18,249,000 X-J-2 LJ-3 $ 2,530,000 X-J-3 Class K $ 20,020,000 LK-1 $ 12,916,000 (2) X-K-1 LK-2 $ 7,104,000 X-K-2 Class L $ 7,507,000 LL $ 7,507,000 (2) X-L Class M $ 7,507,000 LM $ 7,507,000 (2) X-M Class N $ 7,507,000 LN $ 7,507,000 (2) X-N Class O $ 5,005,000 LO $ 5,005,000 (2) X-O Class P $ 5,005,000 LP $ 5,005,000 (2) X-P Class Q $ 7,507,000 LQ $ 7,507,000 (2) X-Q Class S $ 25,024,624 LS $ 25,024,000 (2) X-S
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2006-C24)
REMIC I. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 5, Group 6 and Group 6 7 Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 8 Interest Rate Cap Agreement and the assets held in the Group 7 8 Interest Rate Cap Account, the Prefunding Account Accounts and the Capitalized Interest AccountAccounts) 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 I.” Component I of the Class AR-L Certificates will represent the sole Class of “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 initial Uncertificated Principal Balance for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Class Y-1 Regular Variable(1) $ 55,745.94 July 2035 Class Y-2 Regular Variable(2) $ 102,167.18 July 2035 Class Y-3 Regular Variable(3) $ 22,202.23 July 2035 Class Y-4 Regular Variable(4) $ 25,055.98 July 2035 Class Y-5 Regular Variable(5) $ 62,893.90 July 2035 Class Y-6 Regular Variable(6) $ 74,334.84 July 2035 Class Y-7 Regular Variable(7) $ 27,206.52 July 2035 Class Z-1 Regular Variable(1) $ 111,431,838.93 July 2035 Class Z-2 Regular Variable(2) $ 204,229,813.15 July 2035 Class Z-3 Regular Variable(3) $ 44,384,503.18 July 2035 Class Z-4 Regular Variable(4) $ 50,080,276.08 July 2035 Class Z-5 Regular Variable(5) $ 125,726,380.08 July 2035 Class Z-6 Regular Variable(6) $ 148,595,354.00 July 2035 Class Z-7 Regular Variable(7) $ 54,393,991.77 July 2035 Component I of the Class AR-L Residual Variable(1) $ 50.00 July 2035 * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-3)
REMIC I. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 3 and Group 6 4 Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 5 Interest Rate Cap Agreement and the assets held in the Group 7 5 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) 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 I.” Component I of the Class AR-L Certificates will represent the sole Class of “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 initial Uncertificated Principal Balance for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. Class Y-1 Regular Variable(1) $ 62,651.91 November 2035 Class Y-2 Regular Variable(2) $ 28,689.88 November 2035 Class Y-3 Regular Variable(3) $ 29,456.32 November 2035 Class Y-4 Regular Variable(4) $ 114,461.65 November 2035 Class Z-1 Regular Variable(1) $ 125,241,160.50 November 2035 Class Z-2 Regular Variable(2) $ 57,325,078.87 November 2035 Class Z-3 Regular Variable(3) $ 58,856,504.81 November 2035 Class Z-4 Regular Variable(4) $ 228,808,837.22 November 2035 * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-9)
REMIC I. As provided herein, the Trust Administrator will make an election to treat the segregated pool of assets consisting of the Group 1, Group 2, Group 3, Group 4, Group 5 5, Group 6, Group 7 and Group 6 8 Mortgage Loans and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiumsthe Class C-B-1, the Group 7 Class 9-A-4, Class 9-A-5, Class 9-A-6 and Class 9-A-7 Interest Rate Cap Agreement Agreements and the assets held in the Group 7 Basis Risk Reserve Funds, the Class C-B-1, Class 9-A-4, Class 9-A-5, Class 9-A-6 and Class 9-A-7 Interest Rate Cap AccountAccounts, the Prefunding Account and the Capitalized Interest Account) 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 I.” " Component I of the Class AR-L Certificates will represent the sole Class of “"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 initial Uncertificated Principal Balance for each of the “"regular interests” " in REMIC I (the “"REMIC I Regular Interests”") and the Class Principal Balance of Component I of the Class AR-L Certificates. The “"latest possible maturity date” " (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, Class Designation for each Class REMIC I Regular --------------- Interest and Uncertificated Initial Component I of REMIC I Regular and Residual Interests, Uncertificated the “latest possible maturity date” shall be the Class AR-L Type of Pass-Through Principal Certificates Interest Rate Balance Final Maturity Date.* Class Y-1 Regular Variable(1) $34,408.32 January 2035 Class Y-2 Regular Variable(2) $85,637.08 January 2035 Class Y-3 Regular Variable(3) $20,588.45 January 2035 Class Y-4 Regular Variable(4) $66,522.84 January 2035 Class Y-5 Regular Variable(5) $42,962.06 January 2035 Class Y-6 Regular Variable(6) $68,730.52 January 2035 Class Y-7 Regular Variable(7) $24,251.28 January 2035 Class Y-8 Regular Variable(8) $28,952.56 January 2035 Class Z-1 Regular Variable(1) $68,782,226.19 January 2035 Class Z-2 Regular Variable(2) $171,306,721.58 January 2035 Class Z-3 Regular Variable(3) $41,167,179.19 January 2035 Class Z-4 Regular Variable(4) $133,033,557.95 January 2035 Class Z-5 Regular Variable(5) $85,954,063.40 January 2035 Class Z-6 Regular Variable(6) $137,468,930.98 January 2035 Class Z-7 Regular Variable(7) $48,508,155.73 January 2035 Class Z-8 Regular Variable(8) $57,890,105.98 January 2035 Component I of the Class AR-L Residual Variable(1) $50.00 January 2035
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2004-1)
REMIC I. As provided herein, the Trust Administrator Trustee will make elect to treat each segregated pool of assets consisting of an election ED Loan and certain other related assets subject to this Agreement as a REMIC for federal income tax purposes, and each such segregated pool of assets will be designated an “ED Loan REMIC”. Each such ED Loan REMIC Regular Interest will be held as an asset of REMIC I, and each such ED Loan REMIC Residual Interest will represent the sole class of “residual interests” in the related ED Loan REMIC and will be represented by the Class R-I Certificates. As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of all of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Majority Mortgage Loans (exclusive of that portion of the interest payments thereon that constitutes Additional Interest), each ED Loan REMIC Regular Interest and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) subject to this Agreement as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I.” Component I. The Class R-I of the Class AR-L Certificates will represent the sole Class class of “residual interests” in REMIC I for purposes of the REMIC Provisions (under federal income tax law. For federal income tax purposes, the interests defined in the table below the heading “REMIC II” as defined “Corresponding REMIC I Regular Interests” are the “regular interests” in REMIC I. As provided herein) , the Trustee will elect to treat the segregated pool of assets consisting of all 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 evidence the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions under federal income tax law. For federal income tax purposes, each Class of Regular Certificates will be designated as a separate “regular interest” in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the Class or Component designation, remittance rate (the “Uncertificated original REMIC I Pass-Through Rate”) and initial Uncertificated Principal Balance for each of the “regular interests” in REMIC I (the “REMIC I Regular Interests”) and the Class Principal Balance of Component I of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each corresponding REMIC I Regular Interest shall be the Maturity Date. None of the REMIC I Regular Interests will be certificated. * The Distribution Date in the specified month(each, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group matures. For federal income tax purposes, for each Class of REMIC I Regular and Residual Interests, the “latest possible maturity date” shall be the Final Maturity Date.a
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2007-C34)
REMIC I. As provided herein, the Trust Administrator Trustee will make an election elect to treat the segregated pool of assets consisting of all of the Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 Mortgage Loans (exclusive of that portion of the interest payments thereon that constitutes Additional Interest) and certain other related assets (exclusive of any entitlement to Assigned Prepayment Premiums, the Group 7 Interest Rate Cap Agreement and the assets held in the Group 7 Interest Rate Cap Account, the Prefunding Account and the Capitalized Interest Account) subject to this Agreement as a real estate mortgage investment conduit (a “REMIC”) REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I.” Component I. The Class R-I of the Class AR-L Certificates will represent the sole Class class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following For federal income tax purposes, the interests defined in the table irrevocably sets forth below the designation, remittance rate (the heading “Uncertificated REMIC II” as “Corresponding REMIC I Pass-Through Rate”) and initial Uncertificated Principal Balance for each of Regular Interests” are the “regular interests” in REMIC I (I. As provided herein, the “REMIC I Regular Interests”) and Trustee will elect to treat the Class Principal Balance segregated pool of Component I assets consisting of the Class AR-L Certificates. The “latest possible maturity date” (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Maturity Date. None all of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be certificateddesignated as REMIC II. * The Distribution Date Class R-II Certificates will evidence the sole class of “residual interests” in REMIC II for purposes of the specified month, which is the month following the month the latest maturing Mortgage Loan in the related Loan Group maturesREMIC Provisions under federal income tax law. For federal income tax purposes, each Class of Regular Certificates and the Class A-5FL Regular Interest will be designated as a separate “regular interest” in REMIC II for purposes of the REMIC Provisions under federal income tax law. Each of the “Corresponding Components of Class IO Certificates” is a “regular interest” in REMIC II and the Class IO Certificates represent such Corresponding Components. The following table sets forth the Class or Component designation, the original REMIC I Principal Balance for each corresponding REMIC I Regular Interest (each, a “Corresponding REMIC I Regular Interest”), the Corresponding Components of the Class IO Certificates (the “Corresponding Components”) and the Original Class Principal Balance for each Class of REMIC I Regular and Residual Interests, Sequential Pay Certificates (the “latest possible maturity date” shall be the Final Maturity Date.Corresponding Certificates”). Class A-1 $50,911,000 LA-1 $50,911,000 (2) IO-A-1 Class A-2 $663,472,000 LA-2 $663,472,000 (2) IO-A-2 Class A-3 $188,934,000 LA-3 $188,934,000 (2) IO-A-3 Class A-PB $85,402,000 LA-PB $85,402,000 (2) IO-A-PB Class A-4 $1,025,478,000 LA-4 $1,025,478,000 (2) IO-A-4 Class A-5 $250,000,000 LA-5 $250,000,000 (2) IO-A-5 Class A-5FL $500,000,000 LA-5FL $500,000,000 IO-A-5FL Class A-1A $1,327,630,000 LA-1A-1 $1,327,630,000 (2) IO-A-1A-1 Class A-M $584,547,000 LA-M $584,547,000 (2) IO-A-M Class A-J $460,331,000 LA-J $460,331,000 (2) IO-A-J Class B $36,534,000 LB $36,534,000 (2) IO-B Class C $73,068,000 LC $73,068,000 (2) IO-C Class D $73,069,000 LD $73,069,000 (2) IO-D Class E $29,227,000 LE $29,227,000 (2) Class F $51,148,000 LF $51,148,000 (2) Class G $58,454,000 LG $58,454,000 (2) Class H $80,376,000 LH $80,376,000 (2) Class J $51,147,000 LJ $51,147,000 (2) Class K $65,762,000 LK $65,762,000 (2) Class L $29,227,000 LL $29,227,000 (2) IO-L Class M $14,614,000 LM $14,614,000 (2) IO-M Class N $21,921,000 LN $21,921,000 (2) IO-N Class O $14,614,000 LO $14,614,000 (2) IO-O Class P $14,613,000 LP $14,613,000 (2) IO-P Class Q $14,614,000 LQ $14,614,000 (2) IO-Q Class S $7,306,000 LS $7,306,000 (2) IO-S Class T $14,614,000 LT $14,614,000 (2) IO-T Class U $58,455,231 LU $58,455,231 (2) IO-U
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2007-C31)