W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising two real estate mortgage investment conduits (each, a "REMIC"). The Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which (other than the Class SR Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% Class A-1 and Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2003-A6), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2003-A6)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof) for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; Fund. For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest REMIC and each Lower Tier Regular Interest, as the single "residual interest" defined below, is designated as a regular interest in the Master Lower Tier REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Subsidiary Lower Tier REMIC The following table sets forth Class Designation, characteristics of the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Lower Tier Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% Class A-1 and Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------Interests:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A5cb), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A3cb)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of the Yield Maintenance Agreements and Yield Maintenance Reserve Funds) for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreements and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; Yield Maintenance Reserve Funds). For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest REMIC and each Lower Tier Regular Interest, as the single "residual interest" defined below, is designated as a regular interest in the Master Lower Tier REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The Subsidiary 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 Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- of Certificates may be issued in a different amount): ============================ ========================= ==================== ==================== =================== Integral Initial Class Initial Pass-Through Corresponding Master REMIC Minimum Multiples in Class Designation Certificate Balance Pass-Through Rate Interests ------------------------ Denomination Excess of Minimum ---------------------------- ------------------------- -------------------------- -------------------------------- -------------------- -------------------- ------------------- Class SA1 (1A-1(1) 4.50% $ 106,893,600.00 Variable(2) $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-1 and A-2(1) $ 157,000,000.00 Variable(3) $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-3 Notional(4) Variable(5) $ 25,000(6) $1,000(6) ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-4 Notional(7) Variable(8) $ 25,000(6) $1,000(6) ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class PO $ 463,351.80 N/A(9) $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-X Notional(10) Variable(11) $ 25,000(6) $1,000(6) ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-R ------------------------ $ 100.00 Variable(12) $ 100 N/A ---------------------------- ------------------------- -------------------------- -------------------------------- -------------------- -------------------- ------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) B-1 $ 5,536,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) B-2 $ 2,491,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) B-3 $ 1,384,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) B-4 $ 1,384,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) B-5 $ 692,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) B-6 $ 969,716.98 5.50% $ 100,000 $1,000 ============================ ========================= ==================== ==================== =================== ============================ ========================= ==================== ==================== =================== Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1P $ 100.00 0.00%(13) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------$ 100 N/A ============================ ========================= ==================== ==================== ===================
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (IndyMac Residential Asset Securitization Trust 2005-A2), Pooling and Servicing Agreement (IndyMac Residential Asset Securitization Trust 2005-A2)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising two real estate mortgage investment conduits (each, a "REMIC"). The Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as Interest, which will be the single sole "residual interest" in the Subsidiary REMIC; , each of which (other than the Class SR CertificateInterest) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), ) and which will represent the "regular interests" in the Master REMIC. The , and the MR Interest as will be the single sole "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% Class A-1 and Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Indymac MBS Inc Asset Secur Trust 2003-A9), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2003-A11)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier REMIC Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund and will be evidenced by other than the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" interests in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary Lower Tier REMIC; . For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest REMIC and each Lower Tier REMIC Regular Interest, as the single "residual interest" defined below, is designated as a regular interest in the Master Lower Tier REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Subsidiary Supplemental Interest Trust, the Supplemental Interest Reserve Fund and the Corridor Contract shall not constitute any part of any REMIC described in this Agreement. Lower Tier REMIC The following table sets forth Class Designation, characteristics of the Initial Lower Tier REMIC Regular Interests: ============================ ==================== ================== ========================= ===================== Lower Tier REMIC Regular Allocation of Allocation of Interest Principal Balance, the Balance Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ Interest Principal ---------------------------- -------------------- ------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass--------------------- LT-Through Corresponding Master REMIC Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 A-1 (1) 4.507.50% Class A-1 and A-1, A-2, A-3 Class A-1, A-2 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-4 (1) 6.00% Class A-4 Class A-4 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-5 (1) 6.00% Class A-5 Class A-5 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-6 (1) 6.00% Class A-6 Class A-6 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-7 (1) 6.00% Class A-7 Class A-7 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-8 (1) 6.00% Class A-8 Class A-8 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-9 (1) 6.00% Class A-9 Class A-9 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-10 (1) 0.00% N/A Class A-10 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-11 (1) 6.50% Class A-11, A-12 Class A-11 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-13 (1) 6.00% Class A-13 Class A-13 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-PO (1) 0.00% N/A Class PO ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-X (1) 6.50% Class A-X N/A ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-$100 (1) 6.50% Class A-R ------------------------ Class A-R ==================================================================================================================== ==================================================================================================================== Lower Tier REMIC Regular Allocation of Allocation of Interest Principal Balance Pass-Through Rate Interest Principal ---------------------------- -------------------- ------------------ ------------------------- -------------------------- -------------------------------- Class SA2 --------------------- LT-B-1 (1) 4.756.50% Class A-2 ------------------------ B-1 Class B-1 ---------------------------- -------------------- ------------------ ------------------------- -------------------------- -------------------------------- Class SA3 --------------------- LT-B-2 (1) 5.506.50% Class A-3 ------------------------ B-2 Class B-2 ---------------------------- -------------------- ------------------ ------------------------- -------------------------- -------------------------------- Class SA4 --------------------- LT-B-3 (1) 8.006.50% Class A-4 and B-3 Class A-5 ------------------------ B-3 ---------------------------- -------------------- ------------------ ------------------------- -------------------------- -------------------------------- Class SA6 --------------------- LT-B-4 (1) 5.506.50% Class A-6 ------------------------ B-4 Class B-4 ---------------------------- -------------------- ------------------ ------------------------- -------------------------- -------------------------------- Class SA7 --------------------- LT-B-5 (1) 5.506.50% Class A-7 ------------------------ B-5 Class B-5 ---------------------------- -------------------- ------------------ ------------------------- -------------------------- -------------------------------- Class SB1 --------------------- LT-B-6 (1) 5.506.50% Class B-1 ------------------------ B-6 Class B-6 ---------------------------- -------------------- ------------------ ------------------------- -------------------------- -------------------------------- Class SB2 --------------------- LT-P (1) 5.50% N/A(2) N/A Class B-2 ------------------------ P ---------------------------- -------------------- ------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1--------------------- LT-R(3) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------N/A N/A N/A X/X ============================ ==================== ================== ========================= =====================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A9cb)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreementherein contained, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreementherein, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising two real estate mortgage investment conduits (each, a "REMIC"). The Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which (other than the Class SR Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to as a "Subsidiary Interest")REMIC. The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary Master REMIC regular interests), and which will represent the "regular interests" in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Class Certificate Pass-Through Corresponding Master REMIC Class Designation Certificate Balance Rate REMIC Interests ------------------------ ------------------------- -------------------------- -------------------------------- ---------------------------------------------------------------------------- Class SA1 S1A1 (1) 4.50% 5.75 Class 1-A-1 and Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 S2A1 (1) 4.75% 5.75 Class 2-A-1 Class S2A2 (0) 0.75 Class 2-A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 S2A3 (0) 0.75 Class 2-A-3 Class S2A4 (0) 0.75 Class 2-A-4 Class S2A5 (0) 0.75 Class 2-A-5 Class S1B1 (1) 5.50% 5.75 Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- B-1-1 Class SA4 S1B2 (1) 8.00% 5.75 Class A-4 and B-2-1 Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 S1B3 (1) 5.50% 5.75 Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (B-3-1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002 A9)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will shall elect that the Trust Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20) be treated for federal income tax purposes as comprising two one real estate mortgage investment conduits conduit (each, a the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R represents ownership of the sole class of residual interest in each REMIC created under this Agreement. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which (other than the Class SR Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR InterestFund. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Subsidiary 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 Designation, the of Certificates may be issued in a different amount): ======================= ======================== ===================== ==================== ======================== Initial Principal Balance, the Class Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Minimum Integral Multiples in Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% Denomination Excess of Minimum Class A-1 and $100,000,000.00 Variable(1) $ 100,000 $1,000 Class A-2 $28,142,100.00 Variable(1) $ 100,000 $1,000 Class A-3 $98,574,000.00 Variable(1) $ 100,000 $1,000 Class A-4 $10,927,000.00 Variable(1) $ 100,000 $1,000 Class A-5 $43,777,900.00 Variable(1) $ 100,000 $1,000 Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 $100.00 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% $ 100 N/A Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1$7,247,000.00 Variable(1) 5.50% $ 100,000 $1,000 Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1$4,680,000.00 Variable(1) 5.50% $ 100,000 $1,000 Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1$2,869,000.00 Variable(1) 5.50% $ 100,000 $1,000 Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1$3,623,000.00 Variable(1) 5.50% $ 100,000 $1,000 Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1$1,208,000.00 Variable(1) 5.50% $ 100,000 $1,000 Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------$906,264.00 Variable(1) $ 100,000 $1,000 Class P $100.00 0%(2) $ 100 N/A ======================= ======================== ===================== ==================== ========================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar31)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T [SUBJECT TO REVIEW BY SAB&W TAX ATTORNEYS] The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Fund. For federal income tax purposes, each Subsidiary REMIC Regular Interests which will be uncertificated and will represent Interest (other than the "Class R-1 Interest) is hereby designated as a regular interests" interest in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular InterestInterests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: ------------------------ ------------------------- -------------------------- -------------------------------- -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Initial Pass-Through Corresponding Master REMIC Interest Allocation of Class Designation Certificate Principal Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 Allocation of Interest Principal (1) 4.50-------------------------------------------------------------------------------------------------------------------- Class S-A-1 $152,593,000 5.50% Class A-1 and Class A-1 -------------------------------------------------------------------------------------------------------------------- Class S-A-2 $7,262,600 5.50% Class A-2, A-3 Class A-2 -------------------------------------------------------------------------------------------------------------------- Class S-A-3 $44,404,400 7.45% Class A-3, A-4, A-5 Class A-3, A-4, X-0 -------------------------------------------------------------------------------------------------------------------- Class S-A-6 $17,762,000 5.50% Class A-6 Class A-6 -------------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X Class A-X -------------------------------------------------------------------------------------------------------------------- Class S-PO $2,548,240 N/A(4) N/A Class PO -------------------------------------------------------------------------------------------------------------------- Class S-B-1 $5,879,000 6.00% Class B-1 Class B-1 -------------------------------------------------------------------------------------------------------------------- Class S-B-2 $1,646,000 6.00% Class B-2 Class B-2 -------------------------------------------------------------------------------------------------------------------- Class S-B-3 $941,000 6.00% Class B-3 Class B-3 -------------------------------------------------------------------------------------------------------------------- Class S-B-4 $940,000 6.00% Class B-4 Class B-4 -------------------------------------------------------------------------------------------------------------------- Class S-B-5 $353,000 6.00% Class B-5 Class B-5 -------------------------------------------------------------------------------------------------------------------- Class S-B-6 $824,262 6.00% Class B-6 Class B-6 -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of Class Designation Principal Balance Rate Allocation of Interest Principal (1) -------------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P -------------------------------------------------------------------------------------------------------------------- Class S-$100 $100 6.00% Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------A-R -------------------------------------------------------------------------------------------------------------------- R-1 N/A X/X X/X X/X --------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2004-A7)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Fund. For federal income tax purposes, each Subsidiary REMIC Regular Interests which will be uncertificated and will represent Interest (other than the "Class R-1 Interest) is hereby designated as a regular interests" interest in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular InterestInterests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: ------------------------ ------------------------- -------------------------- -------------------------------- -------------------------------------------------------------------------------- Initial Class Initial Pass-Through Corresponding Master Class Subsidiary REMIC Principal Interest Allocation of Allocation Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 Interest of Principal (1) 4.50----------------- ------- ---- --------- ---------------- -------------------------------------------------------------------------------- Class S-A-1 $170,444,455 5.25% Class A-1 and Class AA-1 -------------------------------------------------------------------------------- Class S-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75A-2 $17,044,445 8.00% Class A-2, A-3 Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- -------------------------------------------------------------------------------- Class SA3 (1) S-A-4 $7,600,000 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- A-4 Class SA4 (1) A-4 -------------------------------------------------------------------------------- Class S-A-5 $24,085,100 8.00% Class A-4 and A-5, A-6 Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- -------------------------------------------------------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) S-A-7 $19,706,000 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) A-7 -------------------------------------------------------------------------------- Class S-A-8 $1,971,000 5.50% Class A-8 Class A-8 -------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X N/A -------------------------------------------------------------------------------- Class S-PO $1,467,724 N/A(4) N/A Class PO -------------------------------------------------------------------------------- Class S-B-1 ------------------------ ------------------------- -------------------------- -------------------------------- $6,344,000 5.75% Class SB2 (1) 5.50B-1 Class B-1 -------------------------------------------------------------------------------- Class S-B-2 $1,903,000 5.75% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50B-2 -------------------------------------------------------------------------------- Class S-B-3 $1,015,000 5.75% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50B-3 -------------------------------------------------------------------------------- Class S-B-4 $761,000 5.75% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50B-4 -------------------------------------------------------------------------------- Class S-B-5 $507,000 5.75% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50B-5 -------------------------------------------------------------------------------- Class S-B-6 $888,900 5.75% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------Class B-6 -------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P -------------------------------------------------------------------------------- --------------------------------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac RAST 2004-A8)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to Section 3.20(b) and any amounts in respect of waived Late Payment Fees paid by the Servicer to the Class L Certificates pursuant to Section 3.21(b)) for federal income tax purposes as comprising two real estate mortgage investment conduits will consist of one REMIC (each, a the "Master REMIC"). Each Certificate, other than the Class A-R and Class L Certificates, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created under this Agreement. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced (exclusive of any amounts in respect of waived Prepayment Charges paid by the Subsidiary REMIC Regular Interests which will be uncertificated Servicer to the Class P Certificates pursuant to Section 3.20(b) and will represent any amounts in respect of waived Late Payment Fees paid by the "regular interests" in Servicer to the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; Class L Certificates pursuant to Section 3.21(b)). For federal income tax purposes, each of which Certificate (other than the Class SR CertificateA-R and Class L Certificates) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to Section 3.20(b) will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC under this Agreement. All amounts in respect of waived Late Payment Fees paid by the Servicer to the Class L Certificates will be treated as paid directly by the Servicer to the Class L Certificates pursuant to Section 3.21(b) and not as paid by or through any REMIC created under this Agreement or by or through the Grantor Trust described in this Agreement. The Subsidiary 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 the Class Designation, the B-6 Certificates may be issued in a different amount): ====================================================================================================================== Integral Initial Principal Balance, the Class Certificate Minimum Multiples in Class Designation Balance Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Denomination Excess of Minimum ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class Initial Pass-Through Corresponding Master REMIC A-1 $94,341,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- A-2 $7,813,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class SA1 A-3 $71,906,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-4 $20,282,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-5 $6,674,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-6 $402,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-7 $45,554,000 6.00% $ 25,000 $1 ====================================================================================================================== ====================================================================================================================== Class A-8 $4,801,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class PO $2,203,478 N/A (1) 4.50% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-1 and A-X $164,610,186 (2) (3) $ 25,000 (4) $1 (4) ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75$100 6.00% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% $ 100 N/A ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50$3,807,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50$1,575,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50$1,050,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50$919,000 6.00% $ 100,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50$656,000 6.00% $ 100,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------$525,489.33 6.00% $ 100,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class P $100 N/A(5) $ 100 N/A ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class L N/A N/A(6) (6) (6) ======================================================================================================================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac IMJA Mortgage Loan Trust 2007-A1)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising two real estate mortgage investment conduits will consist of one REMIC (each, a the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in the Master REMIC. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by (other than the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC Pre-Funding Account and the SR Capitalized Interest as the single "residual interest" in the Subsidiary REMIC; Account). For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary 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 Designation, the of Certificates may be issued in a different amount): ============================ ========================= ================= =================== ==================== Integral Multiples in Initial Principal Balance, the Class Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Minimum Excess of Class Designation Certificate Balance Rate Interests ------------------------ Denomination Minimum ---------------------------- ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% ----------------- ------------------- ------------------- Class A-1 and $328,508,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-2 $1,844,614.00 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-3 $50,000,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class PO $647,285.07 N/A(1) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-X Notional(2) Variable(3) $ 25,000(4) $1,000(4) ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) $100.00 5.50% $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) B-1 $9,000,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) B-2 $3,600,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) B-3 $2,000,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) B-4 $2,000,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) B-5 $1,400,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) B-6 $1,000,000.93 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1P $100 N/A(5) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------$ 100 N/A ============================ ========================= ================= =================== ===================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2005-A1)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Fund. For federal income tax purposes, each Subsidiary REMIC Regular Interests which will be uncertificated and will represent Interest (other than the "Class R-1 Interest) is hereby designated as a regular interests" interest in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular InterestInterests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: ------------------------ ------------------------- -------------------------- -------------------------------- -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Class Initial Class Initial Pass-Through Corresponding Master REMIC Class Interest Allocation of Designation Certificate Principal Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 Allocation of Interest Principal (1) ----------- ----------------- ---- ----------------------- ------------- -------------------------------------------------------------------------------------------------------------------- Class S-A-1 $106,813,929 4.50% Class A-1 and Class A-1 -------------------------------------------------------------------------------------------------------------------- Class S-A-2 $29,131,071 8.00% Class A-2, A-3 Class A-2 -------------------------------------------------------------------------------------------------------------------- Class S-A-4 $73,048,000 5.25% Class A-4 Class A-4 -------------------------------------------------------------------------------------------------------------------- Class S-A-5 $5,753,000 5.25% Class A-5 Class A-5 -------------------------------------------------------------------------------------------------------------------- Class S-A-6 $3,000,000 5.25% Class A-6 Class A-6 -------------------------------------------------------------------------------------------------------------------- Class S-A-7 $25,512,000 5.25% Class A-7 Class A-7 -------------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- X Class SA2 (1A-X -------------------------------------------------------------------------------------------------------------------- Class S-PO $385,093 N/A(4) 4.75% N/A Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- PO -------------------------------------------------------------------------------------------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50S-B-1 $6,122,000 5.25% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50B-1 -------------------------------------------------------------------------------------------------------------------- Class S-B-2 $1,786,000 5.25% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50B-2 -------------------------------------------------------------------------------------------------------------------- Class S-B-3 $1,276,000 5.25% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50B-3 -------------------------------------------------------------------------------------------------------------------- Class S-B-4 $893,000 5.25% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50B-4 -------------------------------------------------------------------------------------------------------------------- Class S-B-5 $383,000 5.25% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50B-5 -------------------------------------------------------------------------------------------------------------------- Class S-B-6 $1,020,571 5.25% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------Class B-6 -------------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P -------------------------------------------------------------------------------------------------------------------- Class S-$100 $100 5.25% AR A-R --------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2004-A3)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of the Yield Maintenance Agreements and Yield Maintenance Reserve Funds) for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreements and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; Yield Maintenance Reserve Funds). For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest REMIC and each Lower Tier Regular Interest, as the single "residual interest" defined below, is designated as a regular interest in the Master Lower Tier REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The Subsidiary 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 Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- of Certificates may be issued in a different amount): ==================================================================================================================== Integral Initial Class Initial Pass-Through Corresponding Master REMIC Minimum Multiples in Class Designation Certificate Balance Pass-Through Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% Denomination Excess of Minimum -------------------------------------------------------------------------------------------------------------------- Class A-1 and $109,590,000.00 Variable(1)(2) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-2 Notional(3) Variable(4) $ 25,000(5) $1,000(5) -------------------------------------------------------------------------------------------------------------------- Class A-3 $96,068,000.00 Variable(1)(6) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-4 $2,402,000.00 Variable(1)(7) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-5 $50,540,000.00 Variable(1)(8) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-6 Notional(9) Variable(10) $ 25,000(5) $1,000(5) -------------------------------------------------------------------------------------------------------------------- Class A-7 $1,514,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-8 $72,262,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-9 $2,621,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-10 Notional(11) Variable(12) $ 25,000(5) $1,000(5) -------------------------------------------------------------------------------------------------------------------- Class A-11 $19,710,000.00 Variable(1)(13) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-12 $19,512,000.00 Variable(1)(14) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-13 $198,000.00 5.50% $ 25,000 $1,000 ==================================================================================================================== 1 ==================================================================================================================== Class PO $753,860.39 N/A(15) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-X Notional(16) Variable(17) $ 25,000(5) $1,000(5) -------------------------------------------------------------------------------------------------------------------- Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) $100.00 5.50% $ 100 N/A -------------------------------------------------------------------------------------------------------------------- Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) B-1 $14,043,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) B-2 $4,012,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) B-3 $2,608,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) B-4 $2,407,000.00 5.50% $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) B-5 $1,805,000.00 5.50% $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) B-6 $1,206,757.00 5.50% $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1P $100.00 0.00%(18) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------$ 100 N/A ====================================================================================================================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac RAST 2005-A5)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this AgreementFor federal income tax purposes, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising two real estate mortgage investment conduits will consist of one REMIC (each, a the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in the Master REMIC. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which Fund. Each Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary 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 Designation, the of Certificates may be issued in a different amount: ============================================================================================================ Integral Multiples in Initial Principal Balance, the Class Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Minimum Excess of Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% Denomination Minimum ------------------------------------------------------------------------------------------------------------ Class A-1 and $25,149,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class A-2 $1,227,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class A-3 $75,000,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class A-4 $31,214,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class A-5 $84,394,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class A-6 $23,954,000 5.65% $1,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class A-7 $1,046,000 N/A(1) $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class PO $599,991 N/A(1) $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class A-X Notional(2) Variable(3) $100,000(4) $1,000(4) ------------------------------------------------------------------------------------------------------------ Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) $100 5.50% $100 N/A ------------------------------------------------------------------------------------------------------------ Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) B-1 $6,233,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) B-2 $2,035,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) B-3 $1,272,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) B-4 $890,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) B-5 $890,000 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) B-6 $510,522 5.50% $100,000 $1,000 ------------------------------------------------------------------------------------------------------------ Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1P $100.00 0%(5) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------$100 N/A ============================================================================================================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac RAST 2005-A14)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of the Yield Maintenance Agreements and Yield Maintenance Reserve Funds) for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreements and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; Yield Maintenance Reserve Funds). For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest REMIC and each Lower Tier Regular Interest, as the single "residual interest" defined below, is designated as a regular interest in the Master Lower Tier REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The Subsidiary Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests: ========================================================================================================== Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Allocation of Allocation of Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Interest Principal ---------------------------------------------------------------------------------------------------------- Class SA1 (1) 4.50% Class -1-A-1 and Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class 1-A-1, 1-A-2 Class 1-A-1 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- 1-A-3,1- A-4 Class SA7 1-A-3 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-5 (1) 5.50% Class 1-A-5 Class 1-A-5 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-6 (1) 5.50% Class 1-A-6 Class 1-A-6 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-7 ------------------------ ------------------------- -------------------------- -------------------------------- (1) 5.50% Class SB1 1-A-7 Class 1-A-7 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-8 (1) 5.50% Class 1-A-8 Class 1-A-8 ---------------------------------------------------------------------------------------------------------- Class 1-PO (1) 0.00% Class PO Class PO ---------------------------------------------------------------------------------------------------------- Class 1-1-A-X (1) Variable(2) Class A-X Class A-X ---------------------------------------------------------------------------------------------------------- Class 1-$100 (1) 5.50% Class A-R Class A-R ---------------------------------------------------------------------------------------------------------- Class 1-2-A-1 (1) 5.50% Class 2-A-1 Class 2-A-1 ---------------------------------------------------------------------------------------------------------- Class 1-2-A-2 (1) 5.50% Class 2-A-2 Class 2-A-2 ---------------------------------------------------------------------------------------------------------- Class 1-B-1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 B-1 ---------------------------------------------------------------------------------------------------------- Class 1-B-2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 B-2 ---------------------------------------------------------------------------------------------------------- Class 1-B-3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 B-3 ---------------------------------------------------------------------------------------------------------- Class 1-B-4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 B-4 ---------------------------------------------------------------------------------------------------------- Class 1-B-5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 B-5 ---------------------------------------------------------------------------------------------------------- Class 1-B-6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------Class B-6 ---------------------------------------------------------------------------------------------------------- Class 1-P (1) 0.00%(3) Class P Class P ========================================================================================================== ========================================================================================================== Class Principal Pass-Through Allocation of Allocation of Class Designation Balance Rate Interest Principal ---------------------------------------------------------------------------------------------------------- Class R-1(4) N/A N/A N/A N/A ==========================================================================================================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac RAST 2005-A13)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund (other than the Class A-2 Rounding Account, Prepayment Reserve Fund and Relief Act Reserve Fund) be treated for federal income tax purposes as comprising two a real estate mortgage investment conduits conduit (each, a the "REMIC"). The Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and Certificates will represent the "regular interests" entire beneficial ownership interest in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which (other than the Class SR Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC Classes of Certificates that are designated as the Regular Certificates will consist of the Uncertificated Subsidiary REMIC constitute Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and residual interest in the MR InterestREMIC. The latest possible maturity date of all REMIC regular interests Regular Interests created herein shall be the Latest Possible Maturity Date. The Subsidiary 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 Designationof Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Initial Principal Balance, the Tax Matters Person Certificate may be issued in a different amount): ====================================================================================================================== Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Rate Integral Multiples Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- (per annum) Minimum Denomination in Excess of Minimum ---------------------------------------------------------------------------------------------------------------------- Class SA1 A-1 $406,803,900.00 5.25% $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-2 $15,000,000.00 5.20% $1,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-3 $10,000,000.00 5.25% $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-4 $42,500,000.00 5.25% $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-5 $8,248,000.00 5.25% $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class PO $2,093,936.00 (1) 4.50% $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-1 and A-X Notional(2) Variable(3) $25,000.00(4) $1,000.00(4) ---------------------------------------------------------------------------------------------------------------------- Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75100.00 5.25% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% $100.00 N/A ---------------------------------------------------------------------------------------------------------------------- Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50$13,956,000.00 5.25% $25,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50$3,299,000.00 5.25% $25,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50$2,283,000.00 5.25% $25,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50$1,015,000.00 5.25% $100,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50$508,000.00 5.25% $100,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------$1,776,706.00 5.25% $100,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class P 100.00 0.00%(5) $100.00 N/A ====================================================================================================================== ------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2003 A10)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of the Yield Maintenance Agreement and Yield Maintenance Reserve Fund) for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreement and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; Yield Maintenance Reserve Fund). For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest REMIC and each Lower Tier Regular Interest, as the single "residual interest" defined below, is designated as a regular interest in the Master Lower Tier REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The Subsidiary Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests: ================================================================================ Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Allocation Allocation of Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- of Interest Principal -------------------------------------------------------------------------------- Class SA1 1-A-1 (1) 4.505.50% Class A-1 and Class AA-1 -------------------------------------------------------------------------------- Class 1-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 A-2 (1) 4.755.50% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 A-2 -------------------------------------------------------------------------------- Class 1-A-3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (A-3 -------------------------------------------------------------------------------- Class 1) 8.00% Class -A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- A-4 Class SA7 A-4 -------------------------------------------------------------------------------- Class 1-A-5 (1) 5.50% Class A-5 Class A-5 -------------------------------------------------------------------------------- Class 1-A-6 (1) 5.50% Class A-6, Class A-6 Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- -------------------------------------------------------------------------------- Class SB1 1-A-8 (1) 5.50% Class A-8, Class A-8 Class A-9 -------------------------------------------------------------------------------- Class 1-A-10 (1) 5.50% Class A-7, Class A-10 Class A-10, Class A-11 -------------------------------------------------------------------------------- Class 1-A-12 (1) 5.50% Class A-12 Class A-12 -------------------------------------------------------------------------------- Class 1-PO (1) 0.00% Class PO Class PO -------------------------------------------------------------------------------- Class 1-A-X (1) Variable(2) Class A-X Class A-X -------------------------------------------------------------------------------- Class 1-$100 (1) Variable(3) Class A-R Class A-R -------------------------------------------------------------------------------- Class 1-B-1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 B-1 -------------------------------------------------------------------------------- Class 1-B-2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 B-2 ================================================================================ ================================================================================ Class 1-B-3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 B-3 -------------------------------------------------------------------------------- Class 1-B-4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 B-4 -------------------------------------------------------------------------------- Class 1-B-5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 B-5 -------------------------------------------------------------------------------- Class 1-B-6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------Class B-6 -------------------------------------------------------------------------------- Class 1-B-7 (1) 5.50% Class B-7 Class B-7 -------------------------------------------------------------------------------- Class 1-B-8 (1) 5.50% Class B-8 Class B-8 -------------------------------------------------------------------------------- Class 1-B-9 (1) 5.50% Class B-9 Class B-9 -------------------------------------------------------------------------------- Class 1-P (1) 0.000%(4) Class P Class P -------------------------------------------------------------------------------- Class R-1(5) N/A N/A N/A N/A ================================================================================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac RAST 2005-A12)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this AgreementFor federal income tax purposes, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Fund. For federal income tax purposes, each Subsidiary REMIC Regular Interests which will be uncertificated and will represent Interest (other than the "Class R-1 Interest) is hereby designated as a regular interests" interest in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular InterestInterests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: ------------------------ ------------------------- -------------------------- -------------------------------- -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Initial Pass-Through Corresponding Master REMIC Interest Allocation of Class Designation Certificate Principal Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 Allocation of Interest Principal (1) 4.50-------------------------------------------------------------------------------------------------------------------- Class S-A-1 $25,000,000 7.50% Class A-1, Class A-2 Class A-1 and -------------------------------------------------------------------------------------------------------------------- Class S-A-3 $102,518,000 5.50% Class A-3 Class A-3 -------------------------------------------------------------------------------------------------------------------- Class S-A-4 $100,000,000 5.00% Class A-4 Class A-4 -------------------------------------------------------------------------------------------------------------------- Class S-A-5 $5,338,000 5.50% Class A-5 Class A-5 -------------------------------------------------------------------------------------------------------------------- Class S-A-6 $27,204,000 5.50% Class A-6 Class A-6 -------------------------------------------------------------------------------------------------------------------- Class S-A-7 $1,282,000 5.50% Class A-7 Class A-7 -------------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X N/A -------------------------------------------------------------------------------------------------------------------- Class S-PO $1,166,752 N/A(4) N/A Class PO -------------------------------------------------------------------------------------------------------------------- Class S-B-1 $6,184,000 5.50% Class B-1 Class B-1 -------------------------------------------------------------------------------------------------------------------- Class S-B-2 $2,061,000 5.50% Class B-2 Class B-2 -------------------------------------------------------------------------------------------------------------------- Class S-B-3 $1,374,000 5.50% Class B-3 Class B-3 -------------------------------------------------------------------------------------------------------------------- Class S-B-4 $1,099,000 5.50% Class B-4 Class B-4 -------------------------------------------------------------------------------------------------------------------- Class S-B-5 $1,099,000 5.50% Class B-5 Class B-5 -------------------------------------------------------------------------------------------------------------------- Class S-B-6 $552,862 5.50% Class B-6 Class B-6 -------------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of Class Designation Principal Balance Rate Allocation of Interest Principal (1) -------------------------------------------------------------------------------------------------------------------- Class S-$100 $100 5.50% Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------A-R -------------------------------------------------------------------------------------------------------------------- R-1 N/A X/X X/X X/X --------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2005-A7)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this AgreementFor federal income tax purposes, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising two real estate mortgage investment conduits will consist of one REMIC (each, a the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in the Master REMIC. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which Fund. Each Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary 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 Designation, the of Certificates may be issued in a different amount: ============================ ========================= ================= =================== ==================== Integral Multiples in Initial Principal Balance, the Class Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Minimum Excess of Class Designation Certificate Balance Rate Interests ------------------------ Denomination Minimum ---------------------------- ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% ----------------- ------------------- ------------------- Class A-1 and $50,000,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-2 $49,095,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-3 $19,764,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-4 $5,000,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-5 $63,810,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class PO $587,121 N/A(1) $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-X Notional(2) Variable(3) $25,000(4) $1,000(4) ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) $100 5.50% $100 N/A ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) B-1 $4,447,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) B-2 $1,680,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) B-3 $1,087,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) B-4 $889,000 5.50% $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) B-5 $791,000 5.50% $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) B-6 $494,507 5.50% $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1P $100.00 0%(5) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------$100 N/A ============================ ========================= ================= =================== ===================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac Residential Asset Securitization Trust 2005-A9)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof) for federal income tax purposes as comprising two real estate mortgage investment conduits will consist of three REMICs (each, a "REMIC 1," "REMIC 2" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the REMIC 2 Regular Interests. REMIC 2 will hold as assets the REMIC 1 Regular Interests. REMIC 1 will hold as assets all property of the Trust Fund and will be evidenced by other than the Subsidiary interests in REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; 1. For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of is hereby designated as a regular interest in the Subsidiary Master REMIC (and each of the Subsidiary REMIC 1 Regular Interest and the SR Interest REMIC 2 Regular Interest, as defined below, is referred to designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary regular interest in REMIC Regular Interests for the benefit of the Master REMIC. The Master 1 and REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates2, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interestrespectively. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Subsidiary REMIC The following table sets forth Class DesignationSupplemental Interest Trust, the Initial Principal Balance, the Pass-Through Rate, Supplemental Interest Reserve Fund and the Rate Change Date for each Subsidiary Corridor Contract shall not constitute any part of any REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% Class A-1 and Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------described herein.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A11)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Fund. For federal income tax purposes, each Subsidiary REMIC Regular Interests which will be uncertificated and will represent Interest (other than the "Class R-1 Interest) is hereby designated as a regular interests" interest in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular InterestInterests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: ------------------------ ------------------------- -------------------------- -------------------------------- ----------------------------------------------------------------------------------------------------------------- Class Allocation of Interest Allocation of Subsidiary REMIC Initial Class Initial Pass-Through Corresponding Master REMIC Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 Interest Principal (1) 4.50Class Designation Principal Balance Rate ----------------------------------------------------------------------------------------------------------------- Class S-A-1 $171,407,455 5.25% Class A-1 and Class A-1 ----------------------------------------------------------------------------------------------------------------- Class S-A-2 $38,090,545 8.00% Class A-2, A-3 Class A-2 ----------------------------------------------------------------------------------------------------------------- Class S-A-4 $4,000,000 5.75% Class A-4 Class A-4 ----------------------------------------------------------------------------------------------------------------- Class S-A-5 $25,000,000 5.75% Class A-5, A-6 Class A-5 ----------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- X Class SA2 (1A-X ----------------------------------------------------------------------------------------------------------------- Class S-PO $863,244 N/A(4) 4.75% N/A Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- PO ----------------------------------------------------------------------------------------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50S-B-1 $5,640,000 5.75% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50B-1 ----------------------------------------------------------------------------------------------------------------- Class S-B-2 $1,880,000 5.75% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50B-2 ----------------------------------------------------------------------------------------------------------------- Class S-B-3 $1,127,000 5.75% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50B-3 ----------------------------------------------------------------------------------------------------------------- Class S-B-4 $878,000 5.75% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50B-4 ----------------------------------------------------------------------------------------------------------------- Class S-B-5 $626,000 5.75% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50B-5 ----------------------------------------------------------------------------------------------------------------- Class S-B-6 $1,128,620 5.75% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------Class B-6 ----------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P ----------------------------------------------------------------------------------------------------------------- Class S-$100 $100 5.75% AR A-R ----------------------------------------------------------------------------------------------------------------- R-1 N/A N/A N/A X/X -----------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2004-A1)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of the Yield Maintenance Agreement and Yield Maintenance Reserve Fund) for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreement and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; Yield Maintenance Reserve Fund). For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest REMIC and each Lower Tier Regular Interest, as the single "residual interest" defined below, is designated as a regular interest in the Master Lower Tier REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The Subsidiary 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 Designation, the of Certificates may be issued in a different amount): ======================== ==================== ================= ================ =============== Integral Multiples in Initial Principal Balance, the Class Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Minimum Excess of Class Designation Certificate Balance Rate Interests Denomination Minimum ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% -------------------- ----------------- ---------------- --------------- Class A-1 and $40,804,000.00 Variable(1) $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-2 Notional(2) Variable(3) $ 25,000(4) $1,000(4) ------------------------ -------------------- ----------------- ---------------- --------------- Class A-3 $8,279,000.00 5.500% $ 1,000 $1.00 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-4 $11,817,000.00 5.500% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-5 $10,100,000.00 5.500% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-6 $236,444,299.00 5.000% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-7 $41,725,463.00 Variable(5) $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-8 Notional(6) Variable(7) $ 25,000(4) $1,000(4) ------------------------ -------------------- ----------------- ---------------- --------------- Class A-9 $10,000,000.00 5.375% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-10 $25,368,862.00 5.375% $ 25,000(4) $1,000(4) ------------------------ -------------------- ----------------- ---------------- --------------- Class A-11 $80,047,155.00 6.000% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-12 $6,650,000.00 5.375% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-13 $30,000,000.00 Variable(1) $ 25,000 $1,000 ======================== ==================== ================= ================ =============== ======================== ==================== ================= ================ =============== Integral Multiples in Initial Class Pass-Through Minimum Excess of Class Designation Certificate Balance Rate Denomination Minimum ------------------------ -------------------- ----------------- ---------------- --------------- Class PO $1,680,895.00 N/A(8) $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-X Notional(9) Variable(10) $ 25,000(4) $1,000(4) ------------------------ -------------------- ----------------- ---------------- --------------- Class A-R $100.00 5.500% $ 100 N/A ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% -------------------- ----------------- ---------------- --------------- Class B-1 $10,006,000.00 5.500% $ 25,000 $1,000 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% -------------------- ----------------- ---------------- --------------- Class B-2 $4,740,000.00 5.500% $ 25,000 $1,000 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% -------------------- ----------------- ---------------- --------------- Class B-3 $2,896,000.00 5.500% $ 25,000 $1,000 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% -------------------- ----------------- ---------------- --------------- Class B-4 $2,633,000.00 5.500% $ 100,000 $1,000 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% -------------------- ----------------- ---------------- --------------- Class B-5 $2,106,000.00 5.500% $ 100,000 $1,000 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% -------------------- ----------------- ---------------- --------------- Class B-6 $1,316,650.71 5.500% $ 100,000 $1,000 ------------------------ ------------------------- -------------------------- ---------------------------------------------------- ----------------- ---------------- --------------- Class P $100.00 0.00%(11) $ 100 N/A ======================== ==================== ================= ================ ===============
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2005-A8cb)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising two real estate mortgage investment conduits (each, a "REMIC"). The Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which (other than the Class SR Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to as a "Subsidiary Interest")REMIC. The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Class Designation Certificate Balance Rate REMIC Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.504.25% Class A-1 and Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.758.00% Class A-2 and Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.505.75% Class A-3 A-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 SA5 (1) 8.005.75% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.505.75% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.75% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA8 (1) 5.75% Class A-8, Class A-9 and Class A-10 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA11 (1) 6.00% Class A-11 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA12 (1) 5.50% Class A-7 A-12 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.505.75% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.505.75% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.505.75% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Securit Trust 2003-A1)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the Trust Fund be treated for federal income tax purposes as comprising two a real estate mortgage investment conduits conduit (each, a the "REMIC"). The Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which Certificates. The Certificates (other than the Class SR CertificateA-R Certificates) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except regular interests in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and residual interests in the MR InterestREMIC. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary 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 Designationof 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): ============================ ========================= ================= =================== ==================== Integral Multiples Initial Principal Balance, the Class Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Minimum in Excess of Class Designation Certificate Balance Rate Interests ------------------------ Denomination Minimum ---------------------------- ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% ----------------- ------------------- ------------------- Class A-1 and $197,265,000 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class PO $4,701,208 N/A(1) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-X Notional(2) Variable(3) $ 25,000(4) $1,000(4) ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-R ------------------------ $100.00 5.00% $ 100 N/A ---------------------------- ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% ----------------- ------------------- ------------------- Class B-1 ------------------------ $1,950,300 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% ----------------- ------------------- ------------------- Class B-2 ------------------------ $513,200 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% ----------------- ------------------- ------------------- Class B-3 ------------------------ $307,800 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% ----------------- ------------------- ------------------- Class B-4 ------------------------ $205,300 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% ----------------- ------------------- ------------------- Class B-5 ------------------------ $205,200 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% ----------------- ------------------- ------------------- Class B-6 ------------------------ $102,711 5.00% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------------- ------------------------------------------------- ------------------- ------------------- Class P $100.00 N/A%(5) $ 100 N/A ============================ ========================= ================= =================== ===================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Indymac Residential Asset Securitization Trust 2004-A6)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof) for federal income tax purposes as comprising two real estate mortgage investment conduits will consist of three REMICs (each, a "REMIC 1," "REMIC 2" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the REMIC 2 Regular Interests. REMIC 2 will hold as assets the REMIC 1 Regular Interests. REMIC 1 will hold as assets all property of the Trust Fund and will be evidenced by other than the Subsidiary interests in any REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; described hereunder. For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of is hereby designated as a regular interest in the Subsidiary Master REMIC (and each of the Subsidiary REMIC 1 Regular Interest and the SR Interest REMIC 2 Regular Interest, as defined below, is referred to designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary regular interest in REMIC Regular Interests for the benefit of the Master REMIC. The Master 1 and REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates2, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interestrespectively. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. REMIC 1 The Subsidiary REMIC The following table sets forth Class Designation1 Regular Interests will have the initial principal balance, the Initial Principal Balance, the Pass-Through Rate, Rates and corresponding Loan Groups as set forth in the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% Class A-1 and Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------following table:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A16)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Fund. For federal income tax purposes, each Subsidiary REMIC Regular Interests which will be uncertificated and will represent Interest (other than the "Class R-1 Interest) is hereby designated as a regular interests" interest in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular InterestInterests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: ------------------------ ------------------------- -------------------------- -------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Initial Pass-Through Corresponding Master REMIC Interest Allocation of Class Designation Certificate Principal Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 Allocation of Interest Principal (1) 4.50----------------- ----------------- ---- ----------------------- ------------- ----------------------------------------------------------------------------------------------------------------------- Class S-A-1 $62,906,667 5.00% Class A-1 and Class A-1 ----------------------------------------------------------------------------------------------------------------------- Class S-A-2 $12,581,333 8.00% Class X-0, X-0 Class A-2 ----------------------------------------------------------------------------------------------------------------------- Class S-A-4 $5,000,000 5.50% Class A-4 Class A-4 ----------------------------------------------------------------------------------------------------------------------- Class S-A-5 $17,000,000 5.50% Class A-5 Class A-5 ----------------------------------------------------------------------------------------------------------------------- Class S-A-6 $255,000 5.50% Class A-6 Class A-6 ----------------------------------------------------------------------------------------------------------------------- Class S-A-7 $14,618,000 5.50% Class A-7 Class A-7 ----------------------------------------------------------------------------------------------------------------------- Class S-A-8 $220,000 5.50% Class A-8 Class A-8 ----------------------------------------------------------------------------------------------------------------------- Class S-A-9 $9,100,000 5.50% Class A-9 Class A-9 ----------------------------------------------------------------------------------------------------------------------- Class S-A-10 $59,076,391 5.50% Class A-10 Class A-10 ----------------------------------------------------------------------------------------------------------------------- Class S-A-11 $9,750,000 5.50% Class A-11 Class A-11 ----------------------------------------------------------------------------------------------------------------------- Class S-A-12 $3,000,000 5.50% Class A-12 Class A-12 ----------------------------------------------------------------------------------------------------------------------- Class S-A-13 $23,889,709 8.00% Class X-00, X-00 Xxxxx X-00, X-00 ----------------------------------------------------------------------------------------------------------------------- Class S-A-15 $21,500,000 5.50% Class A-15 Class A-15 ----------------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X Class A-X ----------------------------------------------------------------------------------------------------------------------- Class S-PO $385,093 N/A(4) N/A Class PO ----------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of Class Designation Principal Balance Rate Allocation of Interest Principal (1) ----------------- ----------------- ---- ----------------------- ------------- ----------------------------------------------------------------------------------------------------------------------- Class S-B-1 $8,794,000 5.75% Class B-1 Class B-1 ----------------------------------------------------------------------------------------------------------------------- Class S-B-2 $1,784,000 5.75% Class B-2 Class B-2 ----------------------------------------------------------------------------------------------------------------------- Class S-B-3 $1,020,000 5.75% Class B-3 Class B-3 ----------------------------------------------------------------------------------------------------------------------- Class S-B-4 $764,000 5.75% Class B-4 Class B-4 ----------------------------------------------------------------------------------------------------------------------- Class S-B-5 $383,000 5.75% Class B-5 Class B-5 ----------------------------------------------------------------------------------------------------------------------- Class S-B-6 $638,352 5.75% Class B-6 Class B-6 ----------------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P ----------------------------------------------------------------------------------------------------------------------- Class S-$100 $100 5.75% Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------A-R ----------------------------------------------------------------------------------------------------------------------- X-0 X/X X/X X/X X/X -----------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Fund. For federal income tax purposes, each Subsidiary REMIC Regular Interests which will be uncertificated and will represent Interest (other than the "Class R-1 Interest) is hereby designated as a regular interests" interest in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular InterestInterests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: ------------------------ ------------------------- -------------------------- -------------------------------- -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Initial Pass-Through Corresponding Master REMIC Interest Allocation of Class Designation Certificate Principal Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 Allocation of Interest Principal (1) 4.50-------------------------------------------------------------------------------------------------------------------- Class S-A-1 $152,593,000 5.50% Class A-1 and Class A-1 -------------------------------------------------------------------------------------------------------------------- Class S-A-2 $7,262,600 5.50% Class A-2, A-3 Class A-2 -------------------------------------------------------------------------------------------------------------------- Class S-A-3 $44,404,400 8.00% Class A-3, A-4, A-5 Class A-3 -------------------------------------------------------------------------------------------------------------------- Class S-A-6 $17,762,000 5.50% Class A-6 Class A-6 -------------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X N/A -------------------------------------------------------------------------------------------------------------------- Class S-PO $2,548,240 N/A(4) N/A Class PO -------------------------------------------------------------------------------------------------------------------- Class S-B-1 $5,879,000 6.00% Class B-1 Class B-1 -------------------------------------------------------------------------------------------------------------------- Class S-B-2 $1,646,000 6.00% Class B-2 Class B-2 -------------------------------------------------------------------------------------------------------------------- Class S-B-3 $941,000 6.00% Class B-3 Class B-3 -------------------------------------------------------------------------------------------------------------------- Class S-B-4 $940,000 6.00% Class B-4 Class B-4 -------------------------------------------------------------------------------------------------------------------- Class S-B-5 $353,000 6.00% Class B-5 Class B-5 -------------------------------------------------------------------------------------------------------------------- Class S-B-6 $824,262 6.00% Class B-6 Class B-6 -------------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of Class Designation Principal Balance Rate Allocation of Interest Principal (1) -------------------------------------------------------------------------------------------------------------------- Class S-$100 $100 6.00% Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------A-R -------------------------------------------------------------------------------------------------------------------- R-1 N/A X/X X/X X/X --------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2004-A7)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20) for federal income tax purposes as comprising two real estate mortgage investment conduits will consist of one REMIC (each, a the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in the Master REMIC. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; Fund. For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Subsidiary 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 Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- of Certificates may be issued in a different amount): ============================= ========================== ==================== ==================== =================== Integral Initial Class Initial Pass-Through Corresponding Master REMIC Minimum Multiples in Class Designation Certificate Balance Pass-Through Rate Interests ------------------------ ------------------------- Denomination Excess of Minimum ----------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% -------------------- -------------------- ------------------- Class A-1 and $377,768,000 6.25% $ [25,000 $1,000 ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class A-X Notional (2) 6.50% $ 25,000(3) $1,000(3) ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class A-R ------------------------ ------------------------- $100 6.25% $ 100 N/A ----------------------------- -------------------------- -------------------------------- -------------------- -------------------- ------------------- Class SA2 (1PO $1,215,534 N/A(1) 4.75% Class A-2 ------------------------ ------------------------- $ 25,000 $1,000 ----------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% -------------------- -------------------- ------------------- Class B-1 ------------------------ ------------------------- $8,645,000 6.25% $ 25,000 $1,000 ----------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% -------------------- -------------------- ------------------- Class B-2 ------------------------ ------------------------- $4,825,000 6.25% $ 25,000 $1,000 ----------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% -------------------- -------------------- ------------------- Class B-3 ------------------------ ------------------------- $2,815,000 6.25% $ 25,000 $1,000 ----------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% -------------------- -------------------- ------------------- Class B-4 ------------------------ ------------------------- $3,016,000 6.25% $ 100,000 $1,000 ----------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% -------------------- -------------------- ------------------- Class B-5 ------------------------ ------------------------- $2,211,000 6.25% $ 100,000 $1,000 ----------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% -------------------- -------------------- ------------------- Class B-6 ------------------------ ------------------------- $1,609,180 6.25% $ 100,000] $1,000 ----------------------------- -------------------------- ---------------------------------------------------- -------------------- ------------------- Class P $100 N/A(4) $ 100 N/A ============================= ========================== ==================== ==================== ===================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A13)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to Section 3.20(b) and any amounts in respect of waived Late Payment Fees paid by the Servicer to the Class L Certificates pursuant to Section 3.21(b)) for federal income tax purposes as comprising two real estate mortgage investment conduits will consist of one REMIC (each, a "the “Master REMIC"”). Each Certificate, other than the Class A-R and Class L Certificates, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created under this Agreement. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced (exclusive of any amounts in respect of waived Prepayment Charges paid by the Subsidiary REMIC Regular Interests which will be uncertificated Servicer to the Class P Certificates pursuant to Section 3.20(b) and will represent any amounts in respect of waived Late Payment Fees paid by the "regular interests" in Servicer to the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; Class L Certificates pursuant to Section 3.21(b)). For federal income tax purposes, each of which Certificate (other than the Class SR CertificateA-R and Class L Certificates) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. The Subsidiary All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to Section 3.20(b) will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC under this Agreement. All amounts in respect of waived Late Payment Fees paid by the Servicer to the Class L Certificates will be treated as paid directly by the Servicer to the Class L Certificates pursuant to Section 3.21(b) and not as paid by or through any REMIC created under this Agreement or by or through the Grantor Trust described in this Agreement. 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 Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial of Certificates may be issued in a different amount): Class Initial Pass-Through Corresponding Master REMIC A-1 $ 38,257,000.00 6.00 % $ 25,000 $ 1,000 Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- A-2 $ 180,140,000.00 6.00 % $ 25,000 $ 1,000 Class SA1 A-3 $ 26,445,000.00 6.00 % $ 25,000 $ 1,000 Class A-4 $ 55,778,000.00 6.00 % $ 25,000 $ 1,000 Class A-5 $ 6,197,000.00 6.00 % $ 25,000 $ 1,000 Class A-6 $ 75,748,000.00 6.00 % $ 25,000 $ 1,000 Class A-7 $ 42,506,900.00 6.00 % $ 25,000 $ 1,000 Class PO $ 985,942 N/A (1) 4.50% $ 25,000 $ 1,000 Class A-1 and A-X $ 408,635,976.00 (2) (3 ) $ 25,000 (4) $ 1,000 (4) Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75$ 100.00 6.00 % Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% $ 100 N/A Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50$ 12,043,000.00 6.00 % $ 100,000 $ 1,000 Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50$ 5,453,000.00 6.00 % $ 100,000 $ 1,000 Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50$ 3,181,000.00 6.00 % $ 100,000 $ 1,000 Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50$ 3,181,000.00 6.00 % $ 100,000 $ 1,000 Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50$ 2,726,000.00 6.00 % $ 100,000 $ 1,000 Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------$ 1,820,485.55 6.00 % $ 100,000 $ 1,000 Class P $ 100 N/A(5) $ 100 N/A Class L N/A N/A(6) (6 ) (6 )
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A7)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will shall elect that the Trust Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to Section 3.20(b) and any amounts in respect of waived Late Payment Fees paid by the Servicer to the Holders of the Class L Certificates) be treated for federal income tax purposes as comprising two one real estate mortgage investment conduits conduit (each, a the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R represents ownership of the sole class of residual interest in each REMIC created under this Agreement. The Master REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which (other than the Class SR Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR InterestFund. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to Section 3.20(b) will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created under this Agreement. All amounts in respect of waived Late Payment Fees paid by the Servicer to the Holders of the Class L Certificates will be treated as paid directly by the Servicer to the Class L Certificates and not as paid through any REMIC created under this Agreement or by or through the Grantor Trust described herein. The Subsidiary 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 Designation, the of Certificates may be issued in a different amount): ================================================================================================================================ Initial Principal Balance, the Class Certificate Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Integral Multiples in Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% Minimum Denomination Excess of Minimum -------------------------------------------------------------------------------------------------------------------------------- Class A-1 and $204,657,000 Variable(1) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class A-2 $22,740,000 Variable(1) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 $100 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% $ 100 N/A -------------------------------------------------------------------------------------------------------------------------------- Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1$4,933,000 Variable(1) 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1$3,129,000 Variable(1) 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1$2,045,000 Variable(1) 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1$1,805,000 Variable(1) 5.50% $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1$842,000 Variable(1) 5.50% $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------$481,626 Variable(1) $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class P $100 (2) $ 100 N/A ================================================================================================================================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar2)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this Agreement, the Trustee will elect that the The Trust Fund be treated for federal income tax purposes as comprising will consist of two real estate mortgage investment conduits REMICs (each, a the "Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC and the Master REMIC. The Master REMIC will hold as assets the several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund and will be evidenced by the Fund. For federal income tax purposes, each Subsidiary REMIC Regular Interests which will be uncertificated and will represent Interest (other than the "Class R-1 Interest) is hereby designated as a regular interests" interest in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein shall be the Latest Possible Maturity Date. The Subsidiary REMIC The following table sets forth Class Designation, the Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular InterestInterests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in the manner set forth in the following table: ------------------------ ------------------------- -------------------------- -------------------------------- ------------------------------------------------------------------------------ Subsidary Initial Class Initial Pass-Through Corresponding Master Class REMIC Class Principal Interest Allocation Allocation of Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 of Interest Principal (1) 4.50------------------------------------------------------------------------------ Class S-A-1 $45,832,000 4.00% Class A-1 and Class A-1 ------------------------------------------------------------------------------ Class S-A-2 $55,158,400 7.50% Class A-2, A-3 Class A-2 ------------------------------------------------------------------------------ Class S-A-4 $32,642,300 5.25% Class A-4 Class A-4 ------------------------------------------------------------------------------ Class S-A-5 $1,968,000 5.75% Class A-5 Class A-5 ------------------------------------------------------------------------------ Class S-A-6 $7,755,536 (2) Class A-6 Class A-6 ------------------------------------------------------------------------------ Class S-A-7 $45,700,342 (2) Class A-7 Class A-7 ------------------------------------------------------------------------------ Class S-A-8 $2,179,322 (2) Class A-8 Class A-8 ------------------------------------------------------------------------------ Class S-A-9 $41,550,000 5.75% Class A-9 Class A-9 ------------------------------------------------------------------------------ Class S-A-10 $3,000,000 5.75% Class A-10 Class A-10 ------------------------------------------------------------------------------ Class S-A-X (3) (4) Class A-X N/A ------------------------------------------------------------------------------ Class S-PO $576,561 N/A(5) N/A Class PO ------------------------------------------------------------------------------ Class S-B-1 $6,806,217 5.75% Class B-1 Class B-1 ------------------------------------------------------------------------------ Class S-B-2 $1,608,750 5.75% Class B-2 Class B-2 ------------------------------------------------------------------------------ Class S-B-3 $866,250 5.75% Class B-3 Class B-3 ------------------------------------------------------------------------------ Class S-B-4 $866,250 5.75% Class B-4 Class B-4 ------------------------------------------------------------------------------ Class S-B-5 $247,500 5.75% Class B-5 Class B-5 ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ Subsidary Initial Class Class REMIC Class Principal Interest Allocation Allocation of Designation Balance Rate of Interest Principal (1) ------------------------------------------------------------------------------ Class S-B-6 $742,500 5.75% Class B-6 Class B-6 ------------------------------------------------------------------------------ Class S-P(6) $100 N/A N/A Class P ------------------------------------------------------------------------------ Class S-$100 $100 5.75% Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------A-R ------------------------------------------------------------------------------ R-1 N/A N/A X/X X/X ------------------------------------------------------------------------------
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2004-A9)
W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. As provided in this The Trust Fund (exclusive of the Yield Maintenance Agreement, Yield Maintenance Reserve Fund and any amounts in respect of waived Prepayment Charges paid by the Trustee will elect that Servicer to the Trust Fund be treated Class P Certificates pursuant to the second paragraph of Section 3.20 hereof) for federal income tax purposes as comprising two real estate mortgage investment conduits will consist of three REMICs (each, a the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Subsidiary Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreement and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; Yield Maintenance Reserve Fund). For federal income tax purposes, each of which Certificate (other than the Class SR A-R Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to hereby designated as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" interest in the Master REMIC. The MR Interest REMIC and each Lower Tier Regular Interest, as the single "residual interest" defined below, is designated as a regular interest in the Master Lower Tier REMIC. The Class A-R Certificates will represent beneficial ownership of the SR Interest and the MR Interest. The latest possible maturity date of all REMIC regular interests created herein in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Subsidiary Lower Tier REMIC The following table sets forth Class Designation, characteristics of the Lower Tier Regular Interests: ========================================= ================== ================== ================= Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Class Designation Certificate 1 Interests Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 Loan Group ----------------- ------- ---- ---------- ----------------------------------------- ------------------ ------------------ ----------------- A-1 (0.9% of AB Loan Group 1) (1) 4.50Variable(2) 1 ----------------------------------------- ------------------ ------------------ ----------------- B-1 (0.1% Class A-1 and Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 of AB Loan Group 1) (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 Variable(2) 1 ----------------------------------------- ------------------ ------------------ ----------------- C-1 (Excess of Loan Group 1) (1) 5.50Variable(2) 1 ----------------------------------------- ------------------ ------------------ ----------------- A-2 (0.9% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 of AB Loan Group 2) (1) 8.006.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 2 ----------------------------------------- ------------------ ------------------ ----------------- B-2 (0.1% of AB Loan Group 2) (1) 5.506.00% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 2 ----------------------------------------- ------------------ ------------------ ----------------- C-2 (Excess of Loan Group 2) (1) 5.506.00% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 2 ----------------------------------------- ------------------ ------------------ ----------------- X-2 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 2 ----------------------------------------- ------------------ ------------------ ----------------- PO-2 (1) 5.500.00% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 2 ----------------------------------------- ------------------ ------------------ ----------------- 1-P $100 (13) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 N/A ----------------------------------------- ------------------ ------------------ ----------------- R-1 (14) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (14) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------N/A ========================================= ================== ================== =================
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A4ip)
