The Master REMIC Sample Clauses

The Master REMIC. The Master REMIC Interests, each of which (except for the Class R2 Interests) is hereby designated as a REMIC regular interest for federal income tax purposes, will have the principal balances and Pass-Through Rates as set forth in the following table: Class MR-A-1-1 $60,061,667.00 (1) Class MR-A-1-2 $30,030, 833.00 (1) Class MR-A-1-3 $82,092,500.00 (1) Class MR-A-1-4 $8,000,000.00 (1) Class MR-A-1-5 $60,061,667.00(2) (1) Class MR-A-1-6 $30,030, 933.00(2) (1) Class MR-A-1-7 $82,092,500.00(2) (1) Class MR-A-1-8 $8,000,000.00(2) (1) Class MR-A-1-9 $60,061,667.00(2) (1) Class MR-A-1-10 $30,030, 933.00(2) (1) Class MR-A-1-11 $82,092,500.00(2) (1) Class MR-A-1-12 $8,000,000.00(2) (1) Class MR-A-1-W $8,000,000.00 (2) Class MR-A-2-1 $51,159,000.00 (3) Class MR-A-2-2 $51,159,000.00 (3) Class MR-A-2-3 $51,159,000.00 (3) Class MR-A-3-W $52,151,000.00 (4) Class MR-A-4-1 $230,006,000.00 (5) Class MR-A-4-2 $230,006,000.00 (5) Class MR-A-4-3 $230,006,000.00 (5) Class MR-A-4-4 $230,006,000.00 (5) Class MR-A-4-5 $230,006,000.00 (5) Class MR-A-4-6 $230,006,000.00 (5) Class MR-M-1 $8,640,000.00 (6) Class MR-M-2 $4,460,000.00 (7) Class MR-M-3 $3,623,000.00 (8) Class MR-M-4 $2,230,000.00 (9) Class MR-M-5 $1,951,000.00 (10) Class MR-M-6 $1,951,000.00 (11) Class MR-B-1 $1,951,000.00 (12) Class MR-B-2 $1,952,000.00 (13) Class MR-B-3 $2,787,000.00 (14) Class MR-P $1,000.00 (15) Class MR-L-IO (16) (16) Class MR-OC (17) (17) Class A-R $100.00(18) 6.69690% __________________________________________
Sample 1Sample 2See All (5)
The Master REMIC. The Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class AV-1, Class AV-2, Class AV-3, Class AV-4, Class AV-5, Class MF-1, Class MF-2, Class MF-3, Class MV-1, Class MV-2, Class MV-3, Class MV-4, Class MV-5, Class MV-6, Class BF, Class BV and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-1 Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Class Designation Initial Certificate Principal Balance Certificate Interest Rate Final Scheduled Distribution Date Class AF-1 $126,900,000 (1) April 2020 Class AF-2 $33,300,000 (2) April 2023 Class AF-3 $64,900,000 (3) April 2030 Class AF-4 $26,000,000 (4) April 2032 Class AF-5 $29,360,000 (5) September 2034 Class AF-6 $27,700,000 (6) September 2034 Class AV-1 $99,000,000 (7) September 2034 Class AV-2 $173,000,000 (8) September 2034 Class AV-3 $115,000,000 (9) May 2028 Class AV-4 $28,400,000 (10) November 2031 Class AV-5 $30,100,000 (11) September 2034 Class MF-1 $19,800,000 (12) September 2034 Class MF-2 $14,940,000 (13) September 2034 Class MF-3 $13,500,000 (14) September 2034 Class MV-1 $43,200,000 (15) September 2034 Class MV-2 $10,800,000 (16) September 2034 Class MV-3 $8,370,000 (17) September 2034 Class MV-4 $8,100,000 (18) September 2034 Class MV-5 $8,100,000 (19) September 2034 Class MV-6 $8,370,000 (20) September 2034 Class BF $3,600,000 (21) September 2034 Class BV $7,560,000 (22) September 2034 Class X-IO (23) (24) Class R-1 (25) (25) (1) For each Interest Period, this Class shall bear interest at the least of (i) 2.980% per annum (or 3.480% per annum for each Interest Period occurring after the Clean-Up Call Date), (ii) the Group I Net WAC Cap and (iii) the Adjusted Pool Net WAC. (2) For each Interest Period, this Class shall bear interest at the least of (i) 3.350% per annum (or 3.850% per annum for each Interest Period occurring after the Clean-Up Call Date), (ii) the Group I Net WAC Cap and (iii) the Adjusted Pool Net WAC. (3) For each Interest Period, this Class shall bear interest at the least of (i) 3.860% per annum (or 4.360% per annum for each Interest Period occurring after the Clean-Up Call Date), (ii) the Group I Net WAC Cap and (iii) the Adjusted Pool Net WAC. (4) Fo...
Sample 1See All (4)
The Master REMIC. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount):
Sample 1
The Master REMIC. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): Class A-1 $ 158,770,000 6.25 % $ 1,000 $ 1 Class A-2 $ 11,601,900 6.25 % $ 25,000 $ 1 Class PO $ 733,508 N/A (3) $ 100,000 $ 1 Class A-X $ 18,464,687 (1) 6.50 % $ 100,000 (2) $ 1 (2) Class A-R $ 100 6.25 % $ 100 N/A Class B-1 $ 7,491,000 6.25 % $ 100,000 $ 1 Class B-2 $ 1,370,000 6.25 % $ 100,000 $ 1 Class B-3 $ 913,000 6.25 % $ 100,000 $ 1 Class B-4 $ 731,000 6.25 % $ 100,000 $ 1 Class B-5 $ 640,000 6.25 % $ 100,000 $ 1 Class B-6 $ 457,064.47 6.25 % $ 100,000 $ 1 Class P $ 100 N/A (4) $ 100 N/A Class L N/A N/A (5) (5 ) (5 ) (1) This Class of Certificates will be Notional Amount Certificates, will have no Class Certificate Balance and will bear interest on its Notional Amount.
Sample 1
The Master REMIC. The Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class AV, Class A-IO, Class M-1, Class M-2, Class B-1, Class B-2 and Class X-IO Certificates are hereby designated as “regular interests” with respect to the Master REMIC (the “Master REMIC Regular Certificates”) and the R-1 Interest is hereby designated as the single “residual interest” with respect to the Master REMIC. The beneficial ownership interest in the Master REMIC created hereunder shall be evidenced by the interests having the following characteristics and terms: Class AF-1 $69,000,000 (1) February 25, 2017 Class AF-2 $18,000,000 (2) August 25, 2018 Class AF-3 $40,000,000 (3) June 25, 2025 Class AF-4 $60,800,000 (4) June 25, 2031 Class AF-5 $5,800,000 (5) September 25, 2032 Class AF-6 $21,000,000 (6) September 25, 2032 Class AV $263,900,000 (7) September 25, 2032 Class M-1 $42,050,000 (8) September 25, 2032 Class M-2 $26,100,000 (9) September 25, 2032 Class B1 $26,100,000 (10) September 25, 2032 Class B2 $7,250,000 (11) September 25, 2032 Class A-IO (12) 6.00% August 25, 2004 Class X-IO (14) (15) September 25, 2032 Class R-1 (13) (13) (1) For each Interest Period, this Class shall bear interest at the least of (i) 2.39% per annum, (ii) the weighted average of the Net Coupon Rates of the Group I Home Equity Loans, weighted on the principal balances of such Home Equity Loans, reduced by a fraction the numerator of which is 6.00% multiplied by the Notional Amount of the Group I A-IO Component and the denominator of which is the principal balance of the Group I Home Equity Loans and (iii) the weighted average of the Net Coupon Rates of the Home Equity Loans, weighted on the principal balances of such Home Equity Loans, reduced by a fraction the numerator of which is 6.00% multiplied by the Notional Amount and the denominator of which is the principal balance of the Home Equity Loans. (2) For each Interest Period, this Class shall bear interest at the least of (i) 2.87% per annum, (ii) the weighted average of the Net Coupon Rates of the Group I Home Equity Loans, weighted on the principal balances of such Home Equity Loans, reduced by a fraction the numerator of which is 6.00% multiplied by the Group I A-IO Component Notional Amount and the denominator of which is the principal balance of the Group I Home Equity Loans and (iii) the weighted average of the Net Coupon Rates of the Home Equity Loans, weighted on the principal balance of such Home Equity Loans, reduced by a fract...
Sample 1
The Master REMIC. The Master REMIC Interests will have the initial class principal balances and pass-through rates as set forth in the following table: ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- Initial Class Pass-Through Rate Minimum Denomination Integral Multiples Class Designation Principal Balance (per annum) in Excess of Minimum ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- A-1 $ 391,786,000 (1) $25,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- A-2 $ 163,244,000 (1) $25,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- A-3 $ 97,947,000 (1) $25,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- M-1 $ 16,343,000 (1) $100,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- M-2 $ 13,800,000 (1) $100,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- M-3 $ 4,722,000 (1) $100,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- M-4 $ 10,531,000 (1) $100,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- M-5 $ 4,359,000 (1) $100,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- M-6 $ 3,631,000 (1) $100,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- M-7 $ 3,632,000 (1) $100,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- M-8 $ 3,632,000 (1) $100,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- M-9 $ 3,631,000 (1) $100,000 $1,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- M-10 $ 4,721,000 (1) $100,000 $1,000 ------------------------- ---------------------- ----------------------- ------------...
Sample 1

Related to The Master REMIC

  • The Master Servicer The Master Servicer shall service and administer the Mortgage Loans in a manner consistent with the terms of this Agreement and with general industry practice and shall have full power and authority, acting alone or through a subservicer, (i) to execute and deliver, on behalf of the Noteholders, the Trust, and the Indenture Trustee, customary consents or waivers and other instruments and documents, (ii) to consent to transfers of any Mortgaged Property and assumptions of the Mortgage Notes and related Mortgages (but only in the manner provided in this Agreement), (iii) to collect any Insurance Proceeds and other Liquidation Proceeds, and (iv) to effectuate foreclosure or other conversion of the ownership of the Mortgaged Property securing any Mortgage Loan. The Master Servicer shall remain responsible to the parties to this Agreement and the Credit Enhancer for its obligations under this Agreement. Any amounts received by any subservicer on a Mortgage Loan shall be considered to have been received by the Master Servicer whether or not actually received by it. Without limiting the generality of the foregoing, the Master Servicer may execute and deliver, on behalf of itself, the Noteholders, and the Indenture Trustee, or any of them, any instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Mortgage Loans and with respect to the Mortgaged Properties, in each case to the extent not inconsistent with this Agreement. At the request of a Servicing Officer, the Indenture Trustee shall furnish the Master Servicer with any powers of attorney and other documents appropriate to enable the Master Servicer to carry out its servicing and administrative duties under this Agreement. The Master Servicer in this capacity may also consent to the placing of a lien senior to that of any mortgage on the related Mortgaged Property, if (i) the new senior lien secures a mortgage loan that refinances an existing first mortgage loan and (ii) either (a) the Loan-to-Value Ratio of the new mortgage loan (without taking into account any closing costs that may be financed by the new mortgage loan) is equal to or less than the Loan-to-Value Ratio of the first mortgage loan to be replaced (for purposes of calculating the Loan-to-Value Ratio, the Valuation of the Mortgaged Property will be measured by the lesser of (A) the Valuation of the Mortgaged Property as of the Cut-off Date and (B) the Valuation of the Mortgaged Property as of the date of the refinancing referenced in clause (i)) or (b) the Combined Loan-to-Value Ratio of the new mortgage loan (without taking into account any closing costs that may be financed by the new mortgage loan) and the existing Mortgage Loan is equal to less than 70% (for purposes of calculating the Combined Loan-to-Value Ratio, the Valuation of the Mortgaged Property will be measured as the lesser of (A) the Valuation of the Mortgage Loan as of the Cut-off Date and (B) the Valuation of the Mortgage Loan as of the date of the refinancing referenced in clause (i)). The aggregate Asset Balance of all the Mortgage Loans with respect to which the senior lien may be so modified may not exceed 50% of the Original Note Principal Balance. The Master Servicer may also, without approval from the Rating Agencies or the Credit Enhancer, increase the Credit Limits on Mortgage Loans if (i) new appraisals are obtained and the weighted average Combined Loan-to-Value Ratios of the Mortgage Loans after giving effect to the increase are less than or equal to the weighted average Combined Loan-to-Value Ratios of the Mortgage Loans as of the Cut-off Date and (ii) the increases are consistent with the Master Servicer's underwriting policies. In addition, the Master Servicer may increase the Credit Limits on Mortgage Loans having aggregate Asset Balances of up to an additional 5.0% of the Original Note Principal Balance, if

  • Compensation for the Master Servicer The Master Servicer will be entitled to all income and gain realized from any investment of funds in the Distribution Account and the Master Servicer Collection Account, pursuant to Article IV, for the performance of its activities hereunder. Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (but not including any prepayment premium or penalty) shall be retained by the applicable Servicer and shall not be deposited in the Protected Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

  • Upper Tier REMIC REMIC 4.

  • REMIC The Mortgage Loan is a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code (but determined without regard to the rule in Treasury Regulations Section 1.860G-2(f)(2) that treats certain defective mortgage loans as qualified mortgages), and, accordingly, (A) the issue price of the Mortgage Loan to the related Mortgagor at origination did not exceed the non-contingent principal amount of the Mortgage Loan and (B) either: (a) such Mortgage Loan is secured by an interest in real property (including permanently affixed buildings and distinct structural components, such as wiring, plumbing systems and central heating and air-conditioning systems, that are integrated into such buildings, serve such buildings in their passive functions and do not produce or contribute to the production of income other than consideration for the use or occupancy of space, but excluding personal property) having a fair market value (i) at the date the Mortgage Loan was originated at least equal to 80% of the adjusted issue price of the Mortgage Loan (together with any related Pari Passu Companion Loans) on such date or (ii) at the Closing Date at least equal to 80% of the adjusted issue price of the Mortgage Loan (together with any related Pari Passu Companion Loans) on such date, provided that for purposes hereof, the fair market value of the real property interest must first be reduced by (A) the amount of any lien on the real property interest that is senior to the Mortgage Loan and (B) a proportionate amount of any lien that is in parity with the Mortgage Loan; or (b) substantially all of the proceeds of such Mortgage Loan were used to acquire, improve or protect the real property which served as the only security for such Mortgage Loan (other than a recourse feature or other third-party credit enhancement within the meaning of Treasury Regulations Section 1.860G-2(a)(1)(ii)). If the Mortgage Loan was “significantly modified” prior to the Closing Date so as to result in a taxable exchange under Section 1001 of the Code, it either (x) was modified as a result of the default or reasonably foreseeable default of such Mortgage Loan or (y) satisfies the provisions of either sub-clause (B)(a)(i) above (substituting the date of the last such modification for the date the Mortgage Loan was originated) or sub-clause (B)(a)(ii), including the proviso thereto. Any Prepayment Premiums and Yield Maintenance Charges applicable to the Mortgage Loan constitute “customary prepayment penalties” within the meaning of Treasury Regulations Section 1.860G-1(b)(2). All terms used in this paragraph shall have the same meanings as set forth in the related Treasury Regulations.

  • Compensation to the Master Servicer The Master Servicer shall be entitled to receive a monthly fee equal to the Master Servicing Fee, as compensation for services rendered by the Master Servicer under this Agreement. The Master Servicer also will be entitled to any late reporting fees paid by a Servicer pursuant to its Servicing Agreement, any investment income on funds on deposit in the Certificate Account and any Liquidation Profits to which a Servicer is not entitled under its Servicing Agreement.

  • Central Certificate System Subject to such rules, regulations and orders as the Commission may adopt, the Trustees may direct the custodian to deposit all or any part of the securities owned by the Trust in a system for the central handling of securities established by a national securities exchange or a national securities association registered with the Commission under the Securities Exchange Act of 1934, or such other Person as may be permitted by the Commission, or otherwise in accordance with the 1940 Act, pursuant to which system all securities of any particular class of any issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of such securities, provided that all such deposits shall be subject to withdrawal only upon the order of the Trust.

  • REMIC II (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 or Section 11.1, with respect to such Class’s or EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest. (b) All distributions made in respect of a Class of Class X Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest. (c) All distributions made in respect of the Exchangeable Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest. (d) [Reserved] (e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest. (f) Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders of the Class R Certificates with respect to the REMIC II Residual Interest.

  • Transfer of Servicing Between Master Servicer and Special Servicer; Record Keeping (a) Upon determining that any Serviced Loan has become a Specially Serviced Loan, the Master Servicer shall promptly give written notice thereof to the Special Servicer, any related Serviced Companion Loan Holder (in the case of a Serviced Loan Combination), the Operating Advisor, the Certificate Administrator, the Trustee, the related Directing Holder (prior to the occurrence and continuance of a Consultation Termination Event with respect to the related Mortgage Loan) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider and shall promptly deliver a copy of the Servicing File to the Special Servicer and concurrently provide a copy of such Servicing File to the Operating Advisor and shall use its reasonable efforts to provide the Special Servicer with all information, documents (but excluding the original documents constituting the Mortgage File, but including copies thereof) and records (including records stored electronically on computer tapes, magnetic discs and the like) relating to such Serviced Loan and reasonably requested by the Special Servicer to enable it to assume its duties hereunder with respect thereto without acting through a Sub-Servicer. The Master Servicer shall use its reasonable efforts to comply with the preceding sentence within five (5) Business Days of the date such Serviced Loan became a Specially Serviced Loan and in any event shall continue to act as Master Servicer and administrator of such Serviced Loan until the Special Servicer has commenced the servicing of such Serviced Loan, which shall occur upon the receipt by the Special Servicer of the Servicing File. With respect to each such Serviced Loan that becomes a Specially Serviced Loan, the Master Servicer shall instruct the related Mortgagor to continue to remit all payments in respect of such Serviced Loan to the Master Servicer. The Master Servicer shall forward any notices it would otherwise send to the Mortgagor of such a Specially Serviced Loan to the Special Servicer who shall send such notice to the related Mortgagor. Upon determining that a Specially Serviced Loan has become a Corrected Loan, the Special Servicer shall promptly give written notice thereof to the Master Servicer, the Trustee, the Operating Advisor, the Certificate Administrator, any related Serviced Companion Loan Holder, the related Directing Holder (prior to the occurrence and continuance of a Consultation Termination Event with respect to the related Mortgage Loan) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider and, upon giving such notice and the return of the Servicing File to the Master Servicer, such Serviced Loan shall cease to be a Specially Serviced Loan in accordance with the first proviso of the definition of Specially Serviced Loans, the Special Servicer’s obligation to service such Serviced Loan shall terminate and the obligations of the Master Servicer to service and administer such Serviced Loan as a Serviced Loan that is not a Specially Serviced Loan shall resume. In addition, if the related Mortgagor has been instructed, pursuant to the preceding paragraph, to make payments to the Special Servicer, upon such determination, the Special Servicer shall instruct the related Mortgagor to remit all payments in respect of such Specially Serviced Loan directly to the Master Servicer. (b) In servicing any Specially Serviced Loan, the Special Servicer shall provide to the Custodian originals of documents included within the definition of “Mortgage File” for inclusion in the related Mortgage File (to the extent such documents are in the possession of the Special Servicer) and copies of any additional related Serviced Loan information, including correspondence with the related Mortgagor, and the Special Servicer shall promptly provide copies of all of the foregoing to the Master Servicer as well as copies of any analysis or internal review prepared by or for the benefit of the Special Servicer. (c) Notwithstanding the provisions of subsections (a) and (b) of this Section 3.22, the Master Servicer shall maintain ongoing payment records with respect to each of the Specially Serviced Loans and, upon request, shall provide the Special Servicer and the Operating Advisor with any information reasonably required by the Special Servicer or the Operating Advisor to perform its duties under this Agreement to the extent such information is within the Master Servicer’s possession. Upon request, the Special Servicer shall provide the Master Servicer and the Operating Advisor with any information reasonably required by the Master Servicer or the Operating Advisor to perform its duties under this Agreement to the extent such information is within the Special Servicer’s possession.

  • REMIC III As provided herein, the Tax Administrator will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC III”. The Class A-1, Class A-2, Class A-3, Class X-0, Xxxxx X-0, Class A-SB, Class A-S, Class B, Class C, Class D, Class E, Class F and Class G Certificates will evidence ownership of a class of “regular interests” in REMIC III and the Class X-A, Class X-B, Class X-C, Class X-D, Class X-E and Class X-Y Certificates will evidence ownership of seven (7), three (3), one (1), one (1), one (1) and one (1) classes of “regular interests” in REMIC III, respectively, all as described herein. The Class R Certificates will evidence ownership of (among other things) the sole class of “residual interests” in REMIC III for purposes of the REMIC Provisions. The Latest Possible Maturity Date for each Class of Regular Certificates (other than the Interest Only Certificates) and the REMIC III Components is the date that is the Rated Final Distribution Date. The REMIC III Components of the Class X-A Certificates are hereby irrevocably assigned the alphanumeric designation under the column heading “REMIC III Component of Class X-A Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. The REMIC III Components of the Class X-B Certificates are hereby irrevocably assigned the alphanumeric designations under the column heading “REMIC III Component of Class X-B Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. The REMIC III Component of the Class X-C Certificates is hereby irrevocably assigned the alphanumeric designation under the column heading “REMIC III Component of Class X-C Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. The REMIC III Component of the Class X-D Certificates is hereby irrevocably assigned the alphanumeric designation under the column heading “REMIC III Component of Class X-D Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. The REMIC III Component of the Class X-E Certificates is hereby irrevocably assigned the alphanumeric designation under the column heading “REMIC III Component of Class X-E Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. The REMIC III Component of the Class X-Y Certificates is hereby irrevocably assigned the alphanumeric designation under the column heading “REMIC III Component of Class X-Y Certificates” in the table that appears under “Corresponding REMIC II Regular Interests”. The following table irrevocably sets forth, with respect to each REMIC II Regular Interest (i) the Class of Certificates and (ii) the REMIC III Component of the Class X-A, Class X-B, Class X-C, Class X-D, Class X-E or Class X-Y Certificates, in each case for which such REMIC II Regular Interest constitutes a Corresponding REMIC II Regular Interest: Each of (i) the Cut-off Date Pool Balance, (ii) the initial aggregate Uncertificated Principal Balance of the REMIC I Regular Interests, (iii) the initial aggregate Uncertificated Principal Balance of the REMIC II Regular Interests and (iv) the initial aggregate Class Principal Balance of the respective Classes of Regular Certificates (other than the Interest Only Certificates) will be $1,487,599,793. The following table irrevocably sets forth the Class Designation, Pass-Through Rate and initial Class Principal Balance for each Class of Certificates. Class A-1 1.4790% per annum $ 57,333,000 Class A-2 2.9760% per annum $ 75,863,000 Class A-3 3.5280% per annum $ 59,936,000 Class A-4 3.4880% per annum $ 360,000,000 Class A-5 3.7520% per annum $ 386,043,000 Class A-SB 3.4640% per annum $ 102,144,000 Class A-S Variable(1) $ 104,132,000 Class B Variable(1) $ 68,802,000 Class C Variable(1) $ 52,066,000 Class D Variable(1) $ 111,570,000 Class E 3.4550% per annum $ 31,611,000 Class F 3.4550% per annum $ 14,876,000 Class G 3.4550% per annum $ 63,223,793 Class R None None

  • REMIC I As provided herein, the Securities Administrator, on behalf of the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, any Prepayment Charge Waiver Amounts and, for the avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Swap Account and any rights or obligations in respect of the Swap Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will represent the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) I-1-B Variable(2) $ 5,321,506.74 October 25, 2036 I-2-A Variable(2) $ 5,154,831.00 October 25, 2036 I-2-B Variable(2) $ 5,154,831.00 October 25, 2036 I-3-B Variable(2) $ 4,972,338.38 October 25, 2036 I-4-A Variable(2) $ 4,796,299.68 October 25, 2036 I-4-B Variable(2) $ 4,796,299.68 October 25, 2036 I-5-A Variable(2) $ 4,626,486.81 October 25, 2036 I-5-B Variable(2) $ 4,626,486.81 October 25, 2036 I-6-A Variable(2) $ 4,463,361.74 October 25, 2036 Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) I-6-B Variable(2) $ 4,463,361.74 October 25, 2036 I-7-A Variable(2) $ 4,305,307.00 October 25, 2036 I-7-B Variable(2) $ 4,305,307.00 October 25, 2036 I-8-B Variable(2) $ 4,152,842.99 October 25, 2036 I-9-B Variable(2) $ 4,005,772.10 October 25, 2036 I-10-A Variable(2) $ 3,863,903.74 October 25, 2036 I-10-B Variable(2) $ 3,863,903.74 October 25, 2036 I-11-A Variable(2) $ 3,727,054.01 October 25, 2036 I-11-B Variable(2) $ 3,727,054.01 October 25, 2036 I-12-A Variable(2) $ 3,597,618.46 October 25, 2036 I-12-B Variable(2) $ 3,597,618.46 October 25, 2036 I-13-A Variable(2) $ 3,470,351.70 October 25, 2036 I-13-B Variable(2) $ 3,470,351.70 October 25, 2036 I-14-A Variable(2) $ 3,347,542.40 October 25, 2036 I-14-B Variable(2) $ 3,347,542.40 October 25, 2036 I-15-A Variable(2) $ 3,228,887.16 October 25, 2036 I-15-B Variable(2) $ 3,228,887.16 October 25, 2036 I-16-A Variable(2) $ 3,114,431.93 October 25, 2036 I-16-B Variable(2) $ 3,114,431.93 October 25, 2036 I-17-A Variable(2) $ 3,004,028.19 October 25, 2036 I-17-B Variable(2) $ 3,004,028.19 October 25, 2036 I-18-A Variable(2) $ 2,897,532.68 October 25, 2036 I-18-B Variable(2) $ 2,897,532.68 October 25, 2036 I-19-A Variable(2) $ 2,800,161.74 October 25, 2036 I-19-B Variable(2) $ 2,800,161.74 October 25, 2036 I-20-A Variable(2) $ 2,700,746.91 October 25, 2036 I-20-B Variable(2) $ 2,700,746.91 October 25, 2036 I-21-A Variable(2) $ 2,606,017.02 October 25, 2036 I-21-B Variable(2) $ 2,606,017.02 October 25, 2036 I-22-A Variable(2) $ 2,513,452.29 October 25, 2036 I-22-B Variable(2) $ 2,513,452.29 October 25, 2036 I-23-A Variable(2) $ 2,424,169.01 October 25, 2036 I-23-B Variable(2) $ 2,424,169.01 October 25, 2036 I-24-B Variable(2) $ 2,338,051.01 October 25, 2036 I-25-A Variable(2) $ 2,254,986.24 October 25, 2036 I-25-B Variable(2) $ 2,254,986.24 October 25, 2036 I-26-A Variable(2) $ 2,174,866.61 October 25, 2036 I-26-B Variable(2) $ 2,174,866.61 October 25, 2036 I-27-A Variable(2) $ 2,100,243.99 October 25, 2036 I-27-B Variable(2) $ 2,100,243.99 October 25, 2036 Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date (1) I-28-A Variable(2) $ 2,025,542.50 October 25, 2036 I-28-B Variable(2) $ 2,025,542.50 October 25, 2036 I-29-A Variable(2) $ 1,953,491.82 October 25, 2036 I-29-B Variable(2) $ 1,953,491.82 October 25, 2036 I-30-A Variable(2) $ 1,883,998.06 October 25, 2036 I-30-B Variable(2) $ 1,883,998.06 October 25, 2036 I-31-B Variable(2) $ 1,816,970.62 October 25, 2036 I-32-B Variable(2) $ 1,752,322.13 October 25, 2036 I-33-A Variable(2) $ 1,689,968.30 October 25, 2036 I-33-B Variable(2) $ 1,689,968.30 October 25, 2036 I-34-A Variable(2) $ 1,629,827.83 October 25, 2036 I-34-B Variable(2) $ 1,629,827.83 October 25, 2036 I-35-A Variable(2) $ 1,571,822.29 October 25, 2036 I-35-B Variable(2) $ 1,571,822.29 October 25, 2036 I-36-A Variable(2) $ 1,515,876.02 October 25, 2036 I-36-B Variable(2) $ 1,515,876.02 October 25, 2036 I-37-A Variable(2) $ 1,465,005.89 October 25, 2036 I-37-B Variable(2) $ 1,465,005.89 October 25, 2036 I-38-A Variable(2) $ 1,412,772.76 October 25, 2036 I-38-B Variable(2) $ 1,412,772.76 October 25, 2036 I-39-A Variable(2) $ 1,362,396.39 October 25, 2036 I-39-B Variable(2) $ 1,362,396.39 October 25, 2036 I-40-A Variable(2) $ 1,313,810.91 October 25, 2036 I-40-B Variable(2) $ 1,313,810.91 October 25, 2036 I-41-A Variable(2) $ 1,266,952.79 October 25, 2036 I-41-B Variable(2) $ 1,266,952.79 October 25, 2036 I-42-A Variable(2) $ 1,221,760.76 October 25, 2036 I-42-B Variable(2) $ 1,221,760.76 October 25, 2036 I-43-A Variable(2) $ 1,178,175.72 October 25, 2036 I-43-B Variable(2) $ 1,178,175.72 October 25, 2036 I-44-A Variable(2) $ 1,136,140.64 October 25, 2036 I-44-B Variable(2) $ 1,136,140.64 October 25, 2036 I-45-A Variable(2) $ 30,562,344.54 October 25, 2036 I-45-B Variable(2) $ 30,562,344.54 October 25, 2036