Tax Treatment of Yield Maintenance Payments. For federal income tax purposes, each holder of a Class A, Class M or Class SB Certificate is deemed to own an undivided beneficial ownership interest in a REMIC regular interest and the right to receive payments received by the Trustee, on behalf of the Trust Fund, pursuant to the Yield Maintenance Agreement in respect of the amounts set forth in Section 4.09(b) which right to receive such payments shall not be attributable to any asset of or amount owed by any REMIC created hereunder.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Nc1 Trust), Pooling and Servicing Agreement (RAMP Series 2006-Rs2 Trust), Pooling and Servicing Agreement (RAMP Series 2006-Rz3 Trust)
Tax Treatment of Yield Maintenance Payments. For federal income tax purposes, each holder of a Class A, Class M or Class SB Certificate is deemed to own an undivided beneficial ownership interest in a REMIC regular interest and the right to receive payments received by the Trustee, on behalf of the Trust Fund, pursuant to the Yield Maintenance Agreement in respect of the amounts set forth in Section 4.09(b) which right to receive such payments shall not be attributable to any asset of or amount owed by any REMIC created hereunder.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (RAMP Series 2005-Sp3 Trust), Pooling and Servicing Agreement (RAMP Series 2006-Sp1 Trust), Pooling and Servicing Agreement (Residential Funding Mortgage Securities Ii Inc)
Tax Treatment of Yield Maintenance Payments. For federal income tax purposes, each holder of a Class A, Class M A or Class SB Certificate is deemed to own an undivided beneficial ownership interest in a REMIC regular interest and the right to receive payments received by the Trustee, on behalf of the Trust Fund, pursuant to the Yield Maintenance Agreement in respect of the amounts set forth in Section 4.09(b) which right to receive such payments shall not be attributable to any asset of or amount owed by any REMIC created hereunder.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (RAMP Series 2005-Nc1 Trust), Pooling and Servicing Agreement (RAMP Series 2005-Rs9 Trust), Pooling and Servicing Agreement (RAMP Series 2005-Efc7 Trust)
Tax Treatment of Yield Maintenance Payments. For federal income tax purposes, each holder of a Class A, Class M M, Class B-1 or Class SB Certificate is deemed to own an undivided beneficial ownership interest in a REMIC regular interest and the right to receive payments received by the Trustee, on behalf of the Trust Fund, pursuant to the Yield Maintenance Agreement in respect of the amounts set forth in Section 4.09(b) which right to receive such payments shall not be attributable to any asset of or amount owed by any REMIC created hereunder.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Nc2 Trust)
Tax Treatment of Yield Maintenance Payments. For federal income tax purposes, each holder of a Class A, Class M or Class SB Certificate is deemed to own an undivided beneficial ownership interest in a REMIC regular interest and the right to receive payments received by the Trustee, on behalf of the Trust Fund, pursuant to the Yield Maintenance Agreement in respect of the amounts set forth in Section 4.09(b) which right to receive such payments shall not be attributable to any asset of or amount owed by any REMIC created hereunder.. 107
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rs5 Trust)
