Common use of Status of Trust Clause in Contracts

Status of Trust. For federal income tax purposes, each Trust formed under this Trust Agreement will be treated as a fixed investment trust under the Code and applicable Treasury Regulations, and not as an association taxable as a corporation. The Trust Documents will be interpreted so as not to provide any “power to vary the investment” (within the meaning of the applicable Treasury Regulations) of any Trust formed under this Trust Agreement. The Trustee will take any action or cause the Trust to take any action necessary (i) to create and maintain the status of each Trust as a fixed investment trust for federal income tax purposes, and (ii) to the extent not inconsistent with clause (i), to maintain the federal income tax status of any REMIC or Other Xxxxxx Mae Trust that holds Certificates of any Trust. In addition, the Trustee will refrain from taking any action, including any action otherwise permitted or required under this Agreement, that would disqualify any Trust as a fixed investment trust or change the federal income tax status of any REMIC or Other Xxxxxx Xxx Trust that holds Certificates of any Trust.

Status of Trust. For federal income tax purposes, each Trust formed under this Trust Agreement will be treated as a fixed investment trust under the Code and applicable Treasury Regulations, and not as an association taxable as a corporation. The Trust Documents will be interpreted so as not to provide any “power to vary the investment” (within the meaning of the applicable Treasury Regulations) of any Trust formed under this Trust Agreement. The Trustee will take any action or cause the Trust to take any action necessary (i) to create and maintain the status of each Trust as a fixed investment trust for federal income tax purposes, and (ii) to the extent not inconsistent with clause (i), to maintain the federal income tax status of any REMIC or Other Xxxxxx Mae Trust that holds the Certificates of any Trust. In addition, the Trustee will refrain from taking any action, including any action otherwise permitted or required under this Agreement, that would disqualify any Trust as a fixed investment trust or change the federal income tax status of any REMIC or Other Xxxxxx Xxx Trust that holds the Certificates of any Trust.

Status of Trust. For federal income tax purposes, each Trust formed under this Trust Agreement will be treated as a fixed investment trust under the Code and applicable Treasury RegulationsFixed Investment Trust, and not as an association taxable as a corporation. The Trust Documents will be interpreted so as not to provide any “power to vary the investment” (within the meaning of the applicable Treasury Regulations) of any Trust formed under this Trust Agreement. The Trustee will take any action or cause the Trust to take any action necessary (i) to create and maintain the status of each Trust as a fixed investment trust for federal income tax purposesFixed Investment Trust, and (ii) to the extent not inconsistent with clause (i), to maintain the federal income tax status of any REMIC or Other Xxxxxx Mae Trust that holds Certificates of any Trust. In addition, the Trustee will refrain from taking any action, including any action otherwise permitted or required under this Agreement, that would disqualify any Trust as a fixed investment trust Fixed Investment Trust, or change the federal income tax status of any REMIC or Other Xxxxxx Xxx Trust that holds Certificates of any Trust.Trust.‌

Status of Trust. For federal income tax purposes, each Trust formed under this Trust Agreement will be treated as a fixed investment trust under the Code and applicable Treasury Regulations, and not as an association taxable as a corporation. The Trust Documents will be interpreted so as not to provide any “power to vary the investment” (within the meaning of the applicable Treasury Regulations) of any Trust formed under this Trust Agreement. The Trustee will take any action or cause the Trust to take any action necessary (i) to create and maintain the status of each Trust as a fixed investment trust for federal income tax purposes, and (ii) to the extent not inconsistent with clause (i), to maintain the federal income tax status of any REMIC or Other Xxxxxx Mae Xxx Trust that holds Certificates of any Trust. In addition, the Trustee will refrain from taking any action, including any action otherwise permitted or required under this Agreement, that would disqualify any Trust as a fixed investment trust or change the federal income tax status of any REMIC or Other Xxxxxx Xxx Trust that holds Certificates of any Trust.

Status of Trust. For federal income tax purposes, each Trust formed under this Trust Agreement will be treated as a fixed investment trust under the Code and applicable Treasury RegulationsFixed Investment Trust, and not as an association taxable as a corporation. The Trust Documents will be interpreted so as not to provide any “power to vary the investment” (within the meaning of the applicable Treasury Regulations) of any Trust formed under this Trust Agreement. The Trustee will take any action or cause the Trust to take any action necessary (i) to create and maintain the status of each Trust as a fixed investment trust for federal income tax purposesFixed Investment Trust, and (ii) to the extent not inconsistent with clause (i), to maintain the federal income tax status of any REMIC or Other Xxxxxx Mae Trust that holds Certificates of any Trust. In addition, the Trustee will refrain from taking any action, including any action otherwise permitted or required under this Agreement, that would disqualify any Trust as a fixed investment trust Fixed Investment Trust, or change the federal income tax status of any REMIC or Other Xxxxxx Xxx Trust that holds Certificates of any Trust.

Status of Trust. For federal income tax purposes, each Trust formed under this Trust Agreement will be treated as a fixed investment trust under the Code and applicable Treasury Regulations, and not as an association taxable as a corporation. The Trust Documents will be interpreted so as not to provide any “power to vary the investment” (within the meaning of the applicable Treasury Regulations) of any Trust formed under this Trust Agreement. The Trustee will take any action or cause the Trust to take any action necessary (i) to create and maintain the status of each Trust as a fixed investment trust for federal income tax purposes, ; and (ii) to the extent not inconsistent with clause (i), to maintain the federal income tax status of any REMIC or Other Xxxxxx Mae Trust that holds Certificates of any Trust. In addition, the Trustee will refrain from taking any action, including any action otherwise permitted or required under this Agreement, that would disqualify any Trust as a fixed investment trust or change the federal income tax status of any REMIC or Other Xxxxxx Xxx Trust that holds Certificates of any Trust.

Status of Trust. For federal income tax purposes, each Trust formed under this Trust Agreement will be treated as a fixed investment trust under the Code and applicable Treasury RegulationsFixed Investment Trust, and not as an association taxable as a corporation. The Trust Documents will be interpreted so as not to provide any “power to vary the investment” (within the meaning of the applicable Treasury Regulations) of any Trust formed under this Trust Agreement. The Trustee will take any action or cause the Trust to take any action necessary (i) to create and maintain the status of each Trust as a fixed investment trust for federal income tax purposesFixed Investment Trust, and (ii) to the extent not inconsistent with clause (i), to maintain the federal income tax status of any REMIC or Other Xxxxxx Mae Xxx Trust that holds Certificates of any Trust. In addition, the Trustee will refrain from taking any action, including any action otherwise permitted or required under this Agreement, that would disqualify any Trust as a fixed investment trust Fixed Investment Trust, or change the federal income tax status of any REMIC or Other Xxxxxx Xxx Trust that holds Certificates of any Trust.Trust.‌