Miscellaneous REMIC and Grantor Trust Provisions. (a) The Class XX-0, Xxxxx XX-0, Class LA-3, Class LA-4, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and Class LVRR Lower-Tier Regular Interests are hereby designated as “regular interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(1), and the Lower-Tier Residual Interest (evidenced by the Class R Certificates) is hereby designated as the sole class of “residual interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(2).
Miscellaneous REMIC and Grantor Trust Provisions. (a) The Class XX-0, Xxxxx XX-0, Class LA-3, Class LA-4, Class LA-5, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class XX-XX, Class LG-RR, Class XX-XX and Class LVRR Lower-Tier Regular Interests are hereby designated as “regular interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(1), and the Lower-Tier Residual Interest (evidenced by the Class R Certificates) is hereby designated as the sole class of “residual interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(2). The Class LWM-A, Class LWM-B, Class LWM-C and Class LWMRR Woodlands Mall Regular Interests are hereby designated as “regular interests” in the Woodlands Mall REMIC within the meaning of Code Section 860G(a)(1), and the Woodlands Mall Residual Interest (evidenced by the Class R Certificates) is hereby designated as the sole class of “residual interests” in the Woodlands Mall REMIC within the meaning of Code Section 860G(a)(2). The Class LTC-A, Class LTC-B, Class LTC-C, Class LTC-D, Class LTC-E and Class LTCRR Centre Regular Interests are hereby designated as “regular interests” in the Centre REMIC within the meaning of Code Section 860G(a)(1), and the Centre Residual Interest (evidenced by the Class R Certificates) is hereby designated as the sole class of “residual interests” in the Centre REMIC within the meaning of Code Section 860G(a)(2).
Miscellaneous REMIC and Grantor Trust Provisions. (a) The Class LA-1, Class LA-2, Class LA-3, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG, Class LH, Class LJ and Class LK Interests are hereby designated as "regular interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LR Certificates are hereby designated as the sole class of "residual interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-1, Class A-2, Class A-3, Class X, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J and Class K Certificates are hereby designated as representing beneficial interests in "regular interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code and the Class R Certificates are hereby designated as the sole class of "residual interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Closing Date is hereby designated as the "Startup Day" of the Lower-Tier REMIC and the Upper-Tier REMIC within the meaning of Section 860G(a)(9) of the Code. The "latest possible maturity date" of the Lower-Tier Regular Interests and the Regular Certificates for purposes of Section 860G(a)(1) of the Code is the Scheduled Final Distribution Date.
Miscellaneous REMIC and Grantor Trust Provisions. (a) The Class A-1A-L, Class A-1B-L, Class A-1C-L, Class A-1D-L, Class A-1E-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5-L, Class A-6-L, Class A-7-L, Class A-8Z-L, Class B-1-L, Class B-2-L, Class B-3-L, Class B-3SC-L, Class B-4-L, Class B-5-L, Class B-6-L, Class B-7-L and Class B-7H-L Interests are hereby designated as "regular interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LR Certificates are hereby designated as the sole Class of "residual interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-1A, Class A-1B, Class A-1C, Class A-1D, Class A-1E, Class A-CS1, Class PS-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8Z, Class B-1, Class B-2, Class B-3, Class B-3SC, Class B-4, Class B-5, Class B-6, Class B-7 and Class B-7H Certificates are hereby designated as "regular interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code and the Class R Certificates are hereby designated as the sole Class of "residual interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class A-CS1 Certificates represent a "specified portion" of the interest payments on the Class A-1A-L Interest within the meaning of Treasury Regulations Section 1.860G-1(a)(2). The Class PS-1 Certificateholders represent a "specified portion" of the interest payments on the Class A-1A-L, the Class A-1B-L, the Class A-1C-L, the Class A-1D-L, the Class A-1E-L, Class A-2-L, Class A-3-L, Class A-4-L, Class A-5-L, Class A-6-L, Class A-7-L, Class B-1-L, Class B-2-L, Class B-3-L, Class B-4-L, Class B-5-L, Class B-6-L, Class B-7-L and Class B-7H-L Interests, within the meaning of Treasury Regulations Section 1.860G-1(a)(2). The Closing Date is hereby designated as the "Startup Day" of the Lower-Tier REMIC and the Upper-Tier REMIC within the meaning of Section 860G(a)(9) of the Code. The "latest possible maturity date" of the Lower-Tier Regular Interests and the Regular Certificates for purposes of Section 860G(a)(1) of the Code is the Scheduled Final Distribution Date. The initial Certificate Balance of each Class of the Lower-Tier Regular Interests is equal to the Certificate Balance of the Related Certificates. The interest rate for each Class of Lower-Tier Regular Interests (other than the Class A-8Z-L Interest and the Class B-3SC-L Interest) is a per annum rate equal to the Weighted Average Net Mortgage ...
Miscellaneous REMIC and Grantor Trust Provisions. (a) The respective Lower-Tier Regular Interests are hereby designated as “regular interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(1), and the Lower-Tier Residual Interest (evidenced by the Class R Certificates) is hereby designated as the sole class of “residual interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(2).
Miscellaneous REMIC and Grantor Trust Provisions. (a) The Class LX-0, Xxxxx XX-0, Class LA-4A1, Class LA-4A2, Class LA-5, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG, Class LH and Class LVRR Lower-Tier Regular Interests are hereby designated as “regular interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(1), and the Lower-Tier Residual Interest (evidenced by the Class R Certificates) is hereby designated as the sole class of “residual interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(2). The Class L360A, Class L360B, Class L360C, Class L360D and Class L360V 360 Spear Regular Interests are hereby designated as “regular interests” in the 360 Spear REMIC within the meaning of Code Section 860G(a)(1), and the 360 Spear Residual Interest (evidenced by the Class R Certificates) is hereby designated as the sole class of “residual interests” in the 360 Spear REMIC within the meaning of Code Section 860G(a)(2).
Miscellaneous REMIC and Grantor Trust Provisions. ARTICLE III
Miscellaneous REMIC and Grantor Trust Provisions. (a) The Lower-Tier Regular Interests issued hereunder are hereby designated as the "regular interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LR Certificates are hereby designated as representing the sole class of "residual interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Regular Certificates are hereby designated as "regular interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code and the Class R Certificates are hereby designated as the sole Class of "residual interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Closing Date is hereby designated as the "Startup Day" of the Lower-Tier REMIC and the Upper-Tier REMIC within the meaning of Section 860G(a)(9) of the Code. The "latest possible maturity date" of the Lower-Tier Regular Interests and the Regular Certificates for purposes of Section 860G(a)(l) of the Code is the Rated Final Distribution Date.
Miscellaneous REMIC and Grantor Trust Provisions. (a) The Class A-1-LA, Class A-1-LB, Class A-2-L, Class A-3-L, Class X-X, Class C-L, Class D-L, Class E-L, Class F-L, Class G-L, Class H-L, Class X-X, Class K-L, Class L-L, Class M-L, Class N-L, Class Q-1-L and Class Q-2-L Interests represent the "regular interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(1) of the Code, and the Class LR Certificates represent the sole Class of "residual interests" in the Lower-Tier REMIC within the meaning of Section 860G(a)(2) of the Code and represent undivided beneficial interests in each of the Loan REMIC Residual Interests. The Class A-1, Class A-2, Class X-0, Xxxxx XX-0, Class X, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class Q-1 and Class Q-2 Certificates represent the "regular interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(1) of the Code and the Class R Certificates represent the sole Class of "residual interests" in the Upper-Tier REMIC within the meaning of Section 860G(a)(2) of the Code. The Class CS-1 Certificates represent a "specified portion," within the meaning of the Treasury Regulations Section 1.860G-1(a)(2), of the interest payments on the Class A-1-LA Interest equal to the product of (a) the excess of the Weighted Average Net Mortgage Pass-Through Rate over the Class A-1 Pass-Through Rate and (b) the Class A-1-LA Certificate Balance. The Class X Certificates represent a "specified portion," within the meaning of Treasury Regulations Section 1.560G-1(a)(2), of the interest payments on the Class A-1-LB, Class A-2-L, Class A-3-L, Class X-X, Class C-L, Class D-L, Class E-L, Class F-L, Class G-L, Class H-L, Class X-X, Class K-L, Class L-L, Class M-L, Class N-L, Class Q-1-L and Class Q-2-L Interests equal to the aggregate of the product, for each such Class of Lower-Tier Regular Interests, of (a) the excess of the Weighted Average Net Mortgage Pass-Through Rate over the Pass-Through Rate of the Related Certificate and (b) the Certificate Balance thereof. The Closing Date is hereby designated as the "Startup Day" of the Lower-Tier REMIC and the Upper-Tier REMIC within the meaning of Section 860G(a)(9) of the Code. The "latest possible maturity date" of the Lower-Tier Regular Interests and the Regular Certificates for purposes of Section 860G(a)(1) of the Code is the Rated Final Distribution Date. The interest rate for each Class of Lower-Tier Regular Interests is a per annum rate equal to the Wei...
Miscellaneous REMIC and Grantor Trust Provisions. Section 2.07 Year 2000 Readiness..........................................
