Common use of REMIC IV Clause in Contracts

REMIC IV. As provided herein, the Securities Administrator on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Class I-C Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. The Class I-RX Certificates represent the sole class of Residual Interests in REMIC IV for purposes of the REMIC Provisions. The following table sets forth the Class designation, Pass-Through Rate, Initial Certificate Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Class of Certificates that represents a Regular Interest in REMIC IV created hereunder: Class Designation Pass-Through Rate Initial Certificate Principal Balance Latest Possible Maturity Date(1) I-C Variable(2) $ 382,737,496.87 June 25, 2036 _______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (SACO I Trust 2006-2)

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REMIC IV. As provided herein, the Securities Administrator on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Class I-C CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. The Class IR-RX Certificates represent IV Interest represents the sole class of Residual Interests “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table sets forth the Class designation, Pass-the Pass Through Rate, Initial initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the latest possible maturity date” for the indicated Class of Certificates that represents a Regular Interest regular interest in REMIC IV created hereunder: Class Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) I-C Class CE Variable(2) $ 382,737,496.87 June 24,601,583.59 August 25, 2036 2035 _______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2005-Ag1)

REMIC IV. As provided herein, the Securities Trust Administrator on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Class I-C P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. .” The Class IR-RX Certificates represent IV Interest will evidence the sole class of Residual Interests “residual interests” in REMIC IV for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the Class designation, the Pass-Through Rate, Initial the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Class Classes of Certificates that represents a Regular Interest in REMIC IV created hereunder: Class Certificates. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) I-C Class P Certificates Variable(2) $ 382,737,496.87 June 25, 2036 $100.00 October 2035 _______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc., Series 2005-He4)

REMIC IV. As provided herein, the Securities Administrator on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the the Class I-C CE-1 Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. .” The Class IR-RX Certificates represent IV Interest will evidence the sole class of Residual Interests “residual interests” in REMIC IV for purposes of the REMIC Provisions. The following table irrevocably sets forth the Class designation, the Pass-Through Rate, Initial the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Class Classes of Certificates that represents a Regular Interest in REMIC IV created hereunder: Class Certificates. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) I-C Class CE-1 Variable(2) $ 382,737,496.87 June 25$27,039,107.53(3) December 26, 2036 2035 _______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (New Century Home Equity Loan Trust, Series 2005-C)

REMIC IV. As provided herein, the Securities Trust Administrator on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Class I-C Interest as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. The Class I-RX Certificates represent R-4 Interest will evidence the sole class of Residual Interests “residual interests” in REMIC IV for purposes of the REMIC ProvisionsProvisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the Class designation, the Pass-Through Rate, Initial the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the indicated Class Classes of Certificates that represents a Regular Interest evidence “regular interests” in REMIC IV created hereunder: Class IV. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) I-Class C Variable(2(2) $ 382,737,496.87 June 6,153,944.85 September 25, 2036 2037 ___________________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-Hf2)

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REMIC IV. As provided herein, the Securities Trust Administrator on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Class I-C P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. .” The Class IR-RX Certificates represent IV Interest will evidence the sole class of Residual Interests “residual interests” in REMIC IV for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the Class designation, the Pass-Through Rate, Initial the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury Regulation regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Class Classes of Certificates that represents a Regular Interest in REMIC IV created hereunder: Class Certificates. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) I-C Class P Certificates Variable(2) $ 382,737,496.87 June 25$100.00 August 1, 2036 2035 _______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc., Series 2005-He3)

REMIC IV. As provided herein, the Securities Administrator on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Class I-C M-4 Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV”. .” The Class IR-RX Certificates represent IV Interest will evidence the sole class of Residual Interests “residual interests” in REMIC IV for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the Class designation, the Pass-Through Rate, Initial the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury Regulation Section regulation section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Class Classes of Certificates that represents a Regular Interest in REMIC IV created hereunder: Class Certificates. Designation Pass-Through Rate Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) I-C Class M-4 Variable(2) $ 382,737,496.87 June 25, 2036 _______________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (National City Mortgage Capital LLC)

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