Solely for purposes of Section 1. 860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest. (2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting 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 be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the REMIC II Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC II Regular Interests (as defined herein). None of the REMIC II Regular Interests will be certificated.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Inc), Pooling and Servicing Agreement (Deutsche Mortgage Securities Inc)
Solely for purposes of Section 1. 860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest. (2) Calculated in accordance with the definition of "REMIC I II Remittance Rate" herein. REMIC II -------- III --------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting 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". III." The Class R-II Certificates III Interest will be evidence the sole class of "residual interests" in REMIC II III for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the designation, the REMIC II Remittance Pass-Through Rate, the initial Uncertificated aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each the indicated Classes of the REMIC II Regular Interests (as defined herein). None of the REMIC II Regular Interests will be certificatedCertificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Argent Sec Inc Asset Backed Pas THR Cer Ser 2003-Wi)
Solely for purposes of Section 1. 860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest. (2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting 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 Interest will be evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC ProvisionsProvisions under federal income tax law. The following table irrevocably sets forth the designation, the REMIC II Remittance Pass-Through Rate, the initial Uncertificated aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each the indicated Classes of the REMIC II Regular Interests (as defined herein). None of the REMIC II Regular Interests will be certificatedCertificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset-Backed Pass-Through Certificates Series 2003-W7)