Common use of Residual Interest Clause in Contracts

Residual Interest. In connection therewith, as of the Closing Date, in exchange for the property constituting the Trust Fund, the Trustee does hereby convey 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 MSC Mortgage Pass Thro Cert Ser 2001-Ms14), Pooling and Servicing Agreement (Pass Through Certificates Series 2001-Ms10), Pooling and Servicing Agreement (Washington Mutual Mort Sec Corp Pas THR Certs Ser 2001 Ms15)

AutoNDA by SimpleDocs

Residual Interest. In connection therewith, as of the Closing Date, in exchange for the property constituting the REMIC II Trust Fund, the Trustee does hereby convey to the Company the REMIC I II Regular Interests and the Class R-1 R-2 Residual Interest.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Washington Mutual MSC Mort Pass-Through Cert Ser 2001-Ms12), Pooling and Servicing Agreement (Wamu Mortgage Pass-Through Certificates Series 2001-S10), Pooling and Servicing Agreement (Pass Through Certificates Series 2001-Ms10)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Trust Agreement (Washington Mutual Mortgage Securities Corp Series 2004-Rs1)

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