Common use of REMIC II Designation Clause in Contracts

REMIC II Designation. The REMIC shall issue each of the following Classes of Certificates, each of which shall have the following Certificate Rates and initial Class Principal Balances: INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class 1A1 $ 125,590,000 3.492%(1) Class 1A2 $ 12,560,000 3.492%(1) Class 1A3 $ 105,000,000 3.492%(1) Class 2A1 $ 99,089,000 4.191%(2) Class 3A1 $ 237,742,000 3.939%(3) Class 4A1 $ 96,059,000 4.873%(4) Class B1 $ 11,899,000 3.948%(5) Class B2 $ 4,899,000 3.948%(5) Class B3 $ 2,099,000 3.948%(5) Class B4 $ 2.100,000 3.948%(5) Class B5 $ 1,749,000 3.948%(5) 111484 GSR 2004-7 Trust Agreement INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class B6 $ 1,050,537 3.948%(5) Class R $ 100 4.191%(6) (1) For each Distribution Date, the Certificate Rate for the Class 1A1, Class 1A2 and Class 1A3 certificates will equal a per annum rate equal to the Net WAC Rate for Loan Group 1. (2) For each Distribution Date, the Certificate Rate for the Class 2A1 Certificates will equal a per annum rate equal the Net WAC Rate for Loan Group 2. (3) For each Distribution Date, the Certificate Rate for the Class 3A1 Certificates will equal the Net WAC Rate for Loan Group 3. (4) For each Distribution Rate, the Certificate Rate for the Class 4A1 Certificates will equal the NET WAC Rate for Loan Group 4. (5) For each Distribution Date, the Certificate Rate for the Class B1, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates will equal the Net WAC Rate for all four Loan Groups, weighted on the basis of the related Group Subordinate Amount. (6) The Certificate Rate for the Class R Certificates will equal the Net WAC Rate for Loan Group 2. The Class R Certificates represent the aggregate residual interests of each REMIC.

Appears in 1 contract

Samples: Trust Agreement (Gs Mortgage Securities Corp GSR Trust 2004-7)

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REMIC II Designation. The REMIC Trust shall issue each of the following Classes of Certificates, each of which shall have the following Certificate Rates and initial Class Principal BalancesBalances and shall evidence ownership of a regular interest in REMIC II except to the extent provided below: INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class 1A1 $ 125,590,000 3.492%(1) Class 1A2 $ 12,560,000 3.492%(1) Class 1A3 $ 105,000,000 3.492%(1211,732,000 4.436% (1) Class 2A1 $ 99,089,000 4.191%(2154,594,000 4.983% (2) Class 3A1 $193,750,000 5.209% (3) Class 3A2 $ 237,742,000 3.939%(37,855,000 5.209% (3) Class 4A1 $ 96,059,000 4.873%(486,006,000 5.177% (4) Class 4A2 $ 5,973,000 5.177% (4) Class B1 $ 11,899,000 3.948%(512,686,000 4.903% (5) Class B2 $ 4,899,000 3.948%(54,456,000 4.903% (5) Class B3 $ 2,099,000 3.948%(53,086,000 4.903% (5) Class B4 $ 2.100,000 3.948%(52,057,000 4.903% (5) Class B5 $ 1,749,000 3.948%(52,057,000 4.903% (5) 111484 GSR 2004-7 Trust Agreement INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class B6 $ 1,050,537 3.948%(51,371,276 4.903% (5) Class R $ 100 4.191%(64.983% (6) (1) For each Distribution Date, the Certificate Rate for the Class 1A1, Class 1A2 and Class 1A3 certificates 1A1 Certificates will equal a per annum rate equal to the Net WAC Rate for Loan Group 1. (2) For each Distribution Date, Date the Certificate Rate for the Class 2A1 Certificates will equal a per annum rate equal to the Net WAC Rate for Loan Group 2. (3) For each Distribution Date, Date the Certificate Rate for the Class 3A1 and Class 3A2 Certificates will equal a per annum rate equal to the Net WAC Rate for Loan Group 3. (4) For each Distribution RateDate, the Certificate Rate for the Class 4A1 and Class 4A2 Certificates will equal a per annum rate equal to the NET Net WAC Rate for Loan Group 4. (5) For each Distribution Date, the Certificate Rate for the Class B1, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates will equal a per annum rate equal to the Net WAC Rate for all four Loan Groups, weighted on the basis of the related Group Subordinate AmountAmounts. (6) The Certificate Rate for the Class R Certificates will equal a per annum rate equal to the Net WAC Rate for Loan Group 2. The Class R Certificates represent the aggregate residual interests of each REMIC.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2005-Ar1)

REMIC II Designation. The REMIC Trust shall issue each of the following Classes of Certificates, each of which shall have the following Certificate Rates and initial Class Principal BalancesBalances and shall evidence ownership of a regular interest in REMIC II except to the extent provided below: INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class 1A1 $ 125,590,000 3.492%(1$419,625,000 (2) Class 1A2 $ 12,560,000 3.492%(1) Class 1A3 $ 105,000,000 3.492%(124,143,000 (2) Class 2A1 $231,612,000 (3) Class 2A2 $ 99,089,000 4.191%(28,717,000 (3) Class 3A1 $ 237,742,000 3.939%(368,220,000 (4) Class 3A2 $ 2,568,000 (4) Class 4A1 $ 96,059,000 4.873%(443,565,000 (5) Class 4A2 $ 1,640,000 (5) Class 5A1A $ 56,036,000 (6) Class 5A1B $317,896,000 (7) Class 5A2(1) $ 14,073,000 (8) Class 6A1 $ 89,703,000 (9) Class 6A2 $ 3,376,000 (9) Class B1 $ 11,899,000 3.948%(519,916,000 (10) Class B2 $ 4,899,000 3.948%(59,293,000 (10) Class B3 $ 2,099,000 3.948%(55,311,000 (10) Class B4 $ 2.100,000 3.948%(55,310,000 (10) Class B5 $ 1,749,000 3.948%(53,983,000 (10) 111484 GSR 2004-7 Trust Agreement INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class B6 $ 1,050,537 3.948%(52,656,049 (10) Class R $ 100 4.191%(6(11) Class RC $ 100 (12) (1) As described herein, the Class 5A2 Certificates will be issued in two Components: the Class 5A2A Component and the Class 5A2B Component. The Components are not severable. (2) For each Distribution Date, the Certificate Rate for the Class 1A1, 1A1 and Class 1A2 and Class 1A3 certificates will Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 1. (23) For each Distribution Date, the Certificate Rate for the Class 2A1 and Class 2A2 Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 2. (34) For each Distribution Date, the Certificate Rate for the Class 3A1 and Class 3A2 Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 3. (45) For each Distribution RateDate, the Certificate Rate for the Class 4A1 and Class 4A2 Certificates will shall equal a per annum rate equal to the NET Net WAC Rate for Loan Group 4. (56) For each Distribution Date, the Certificate Rate for the Class 5A1A Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 5A. (7) For each Distribution Date, the Certificate Rate for the Class 5A1B Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 5B. (8) For each Distribution Date, the Certificate Rate for the Class 5A2 Certificates shall equal a per annum rate equal to the weighted average of the Component Interest Rates for the Class 5A2A and Class 5A2B components, weighted on the basis of their respective Component Principal Balances. (9) For each Distribution Date the Certificate Rate for the Class 6A1 and Class 6A2 Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 6. (10) For each Distribution Date, the Certificate Rate for the Class B1, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates will equal a per annum rate equal to the weighted average of the Net WAC Rate Rates for all four Loan GroupsGroup 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5A, Loan Group 5B and Loan Group 6, weighted on the basis of the related Group Subordinate AmountAmounts. (611) The For each Distribution Date, the Certificate Rate for the Class R Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 24. The Class R Certificates represent beneficial ownership of the aggregate sole class of residual interest in REMIC II. (12) For each Distribution Date, the Certificate Rate for the Class RC Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 4. The Class RC Certificates represent the sole class of residual interests of each REMIC.in REMIC I.

Appears in 1 contract

Samples: Trust Agreement (GSR Mortgage Loan Trust 2007-Ar2)

REMIC II Designation. The REMIC Trust shall issue each of the following Classes of Certificates, each of which shall have the following Certificate Rates and initial Class Principal BalancesBalances and shall evidence ownership of a regular interest in REMIC II except to the extent provided below: INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class 1A1 $ 125,590,000 3.492%(1131,839,000 5.48691%(1) Class 1A2 $ 12,560,000 3.492%(1) Class 1A3 $ 105,000,000 3.492%(16,520,000 5.48691%(1) Class 2A1 $ 99,089,000 4.191%(2400,000,000 5.20479%(2) Class 2A2 $ 383,536,000 5.20479%(2) Class 2A3 $ 68,461,000 5.20479%(2) Class 2A4 $ 150,665,000 5.20479%(2) Class 2A5 $ 49,538,000 5.20479%(2) Class 3A1 $ 237,742,000 3.939%(394,348,000 5.43611%(3) Class 4A1 3A2 $ 96,059,000 4.873%(44,666,000 5.43611%(3) Class B1 $ 11,899,000 3.948%(531,059,000 5.25282%(4) Class B2 $ 4,899,000 3.948%(510,804,000 5.25282%(4) Class B3 $ 2,099,000 3.948%(55,401,000 5.25282%(4) Class B4 $ 2.100,000 3.948%(56,077,000 5.25282%(4) Class B5 $ 1,749,000 3.948%(54,051,000 5.25282%(4) 111484 GSR 2004-7 Trust Agreement INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class B6 $ 1,050,537 3.948%(53,376,498 5.25282%(4) Class R $ 100 4.191%(65.48691%(5) Class RC $ 100 5.48691%(5) (1) For each Distribution Date, the Certificate Rate for the Class 1A1, 1A1 and Class 1A2 and Class 1A3 certificates will Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 1. (2) For each Distribution Date, Date the Certificate Rate for the Class 2A1 2A1, Class 2A2, Class 2A3, Class 2A4 and Class 2A5 Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 2. (3) For each Distribution Date, Date the Certificate Rate for the Class 3A1 and Class 3A2 Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 3. (4) For each Distribution Rate, the Certificate Rate for the Class 4A1 Certificates will equal the NET WAC Rate for Loan Group 4. (5) For each Distribution Date, the Certificate Rate for the Class B1, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates will shall equal a per annum rate equal to the weighted average of the Net WAC Rate Rates for all four Loan GroupsGroup 1, Loan Group 2 and Loan Group 3, weighted on the basis of the related Group Subordinate AmountAmounts. (65) The For each Distribution Date, the Certificate Rate for the Class R and Class RC Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 21. The Class R Certificates represent the aggregate sole class of residual interests interest in REMIC II and the Class RC represent the sole class of each REMIC.residual interest in REMIC I.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2006-Ar1)

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REMIC II Designation. The REMIC Trust shall issue each of the following Classes of Certificates, each of which shall have the following Certificate Rates and initial Class Principal BalancesBalances and shall evidence ownership of a regular interest in REMIC II except to the extent provided below: INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class 1A1 $ 125,590,000 3.492%(1$63,302,000 (1) Class 1A2 $ 12,560,000 3.492%(1) Class 1A3 $ 105,000,000 3.492%(1$3,323,000 (1) Class 2A1 $ 99,089,000 4.191%(2$305,002,000 (2) Class 2A2 $16,009,000 (2) Class 3A1 $ 237,742,000 3.939%(3$93,757,000 (3) Class 4A1 $ 96,059,000 4.873%(43A2 $31,252,000 (3) Class 3A3 $6,562,000 (3) Class B1 $ 11,899,000 3.948%(5$13,628,000 (4) Class B2 $ 4,899,000 3.948%(5$4,088,000 (4) Class B3 $ 2,099,000 3.948%(5$3,271,000 (4) Class B4 $ 2.100,000 3.948%(5$1,908,000 (4) Class B5 $ 1,749,000 3.948%(5$1,635,000 (4) 111484 GSR 2004-7 Trust Agreement INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class B6 $ 1,050,537 3.948%(5$1,363,429 (4) Class R $ 100 4.191%(6)(5) Class RC $ 100 (6) 213742 STARM 2007-1 Master Servicing and Trust Agreement (1) For each Distribution Date, the Certificate Rate for the Class 1A1, 1A1 and Class 1A2 and Class 1A3 certificates will Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 1. (2) For each Distribution Date, the Certificate Rate for the Class 2A1 and Class 2A2 Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 2. (3) For each Distribution Date, the Certificate Rate for the Class 3A1 3A1, Class 3A2 and Class 3A3 Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 3. (4) For each Distribution Rate, the Certificate Rate for the Class 4A1 Certificates will equal the NET WAC Rate for Loan Group 4. (5) For each Distribution Date, the Certificate Rate for the Class B1, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates will equal a per annum rate equal to the weighted average of the Net WAC Rate Rates for all four Loan GroupsGroup 1, Loan Group 2 and Loan Group 3, weighted on the basis of the related Group Subordinate AmountAmounts. (65) The For each Distribution Date, the Certificate Rate for the Class R Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 21. The Class R Certificates represent beneficial ownership of the aggregate sole class of residual interest in REMIC II. (6) For each Distribution Date, the Certificate Rate for the Class RC Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 1. The Class RC Certificates represent the sole class of residual interests of each REMIC.in REMIC I.

Appears in 1 contract

Samples: Trust Agreement (STARM Mortgage Loan Trust 2007-1)

REMIC II Designation. The REMIC Trust shall issue each of the following Classes of Certificates, each of which shall have the following Certificate Rates and initial Class Principal BalancesBalances and shall evidence ownership of a regular interest in REMIC II except to the extent provided below: INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class 1A1 $ 125,590,000 3.492%(174,245,000 (1 ) Class 1A2 $ 12,560,000 3.492%(1) Class 1A3 $ 105,000,000 3.492%(13,449,000 (1 ) Class 2A1 $ 99,089,000 4.191%(21,080,259,000 (2 ) Class 2A2 $ 50,176,000 (2 ) Class 3A1 $ 237,742,000 3.939%(3160,221,000 (3 ) Class 3A2 $ 7,443,000 (3 ) Class 4A1 $ 96,059,000 4.873%(460,686,000 (4 ) Class 4A2 $ 2,819,000 (4 ) Class 5A1 $ 131,889,000 (5 ) Class 5A2 $ 6,127,000 (5 ) Class 6A1 $ 89,171,000 (6 ) Class 6A2 $ 4,142,000 (6 ) Class B1 $ 11,899,000 3.948%(539,259,000 (7 ) Class B2 $ 4,899,000 3.948%(513,085,000 (7 ) Class B3 $ 2,099,000 3.948%(57,851,000 (7 ) Class B4 $ 2.100,000 3.948%(55,234,000 (7 ) Class B5 $ 1,749,000 3.948%(54,361,000 (7 ) 111484 GSR 2004-7 Trust Agreement INITIAL CLASS CLASS OF PRINCIPAL BALANCE INITIAL CERTIFICATES AMOUNT CERTIFICATE RATE ------------ ----------------- ---------------- Class B6 $ 1,050,537 3.948%(54,365,162 (7 ) Class R $ 100 4.191%(6(8 ) Class RC $ 100 (9 ) (1) For each Distribution Date, the Certificate Rate for the Class 1A1, 1A1 and Class 1A2 and Class 1A3 certificates will Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 1. (2) For each Distribution Date, the Certificate Rate for the Class 2A1 and Class 2A2 Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 2. (3) For each Distribution Date, the Certificate Rate for the Class 3A1 and Class 3A2 Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 3. (4) For each Distribution RateDate, the Certificate Rate for the Class 4A1 and Class 4A2 Certificates will shall equal a per annum rate equal to the NET Net WAC Rate for Loan Group 4. (5) For each Distribution Date the Certificate Rate for the Class 5A1 and Class 5A2 Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 5. (6) For each Distribution Date the Certificate Rate for the Class 6A1 and Class 6A2 Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 6. (7) For each Distribution Date, the Certificate Rate for the Class B1, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates will equal a per annum rate equal to the weighted average of the Net WAC Rate Rates for all four Loan GroupsGroup 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 and Loan Group 6, weighted on the basis of the related Group Subordinate AmountAmounts. (6) The 8) For each Distribution Date, the Certificate Rate for the Class R Certificates will shall equal a per annum rate equal to the Net WAC Rate for Loan Group 26. The Class R Certificates represent beneficial ownership of the aggregate sole class of residual interest in REMIC II. (9) For each Distribution Date, the Certificate Rate for the Class RC Certificates shall equal a per annum rate equal to the Net WAC Rate for Loan Group 6. The Class RC Certificates represent the sole class of residual interests of each REMIC.in REMIC I.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2007-Ar1)

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