Common use of Residual Interest Clause in Contracts

Residual Interest. In connection therewith, as of the Closing Date, in exchange for the Mortgage Pool Assets, the Trust does hereby issue to the Company the REMIC I Regular Interests and the Class R-1 Residual Interest.

Appears in 33 contracts

Samples: Pooling and Servicing Agreement (Washington Mutual Mor Sec Corp Mor Pa THR Cer Ser 2002-Ar1), Pooling and Servicing Agreement (Washington Mutual MSC Mortgage Pass THR Cert Ser 2002-Ar3), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Cert Ser 2002-Ar19)

AutoNDA by SimpleDocs

Residual Interest. In connection therewith, as of the Closing Date, in exchange for the Mortgage Pool REMIC II Assets, the Trust does hereby issue to the Company the REMIC I II Regular Interests and the Class R-1 R-2 Residual Interest.

Appears in 21 contracts

Samples: Pooling and Servicing Agreement (Washington Mutual Mort Sec Corp Wamu Mo Pa Th Ce Se 2002 S5), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certs Series 2004-S1), Pooling and Servicing Agreement (Washington Mutual Mort Sec Corp Mort Pas THR Cer Se 2002-Ms3)

AutoNDA by SimpleDocs

Residual Interest. In connection therewith, as of the Closing Date, in exchange for the Mortgage Pool Assets, the Trustee on behalf of the Trust does hereby issue to the Company the REMIC I Regular Interests and the Class R-1 Residual Interest.

Appears in 12 contracts

Samples: Pooling and Servicing Agreement (Washington Mutual Mort Sec Corp Wamu Mo Pa Th Ce Se 2002 S5), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2002-S3), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certs Series 2004-S1)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!