Common use of Initial Latest Possible Designation Remittance Rate Uncertificated Balance Clause in Contracts

Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1) ----------- --------------- ---------------------- ----------------- I-LTAA Variable(2) $ 486,830,338.57 September 25, 2033 I-LTA1 Variable(2) $ 2,858,215.00 September 25, 2033 I-LTA2A Variable(2) $ 188,020.00 September 25, 2033 I-LTA2B Variable(2) $ 465,000.00 September 25, 2033 I-LTA2C Variable(2) $ 95,635.00 September 25, 2033 I-LTA3 Variable(2) $ 317,580.00 September 25, 2033 I-LTM1 Variable(2) $ 347,735.00 September 25, 2033 I-LTM2 Variable(2) $ 285,640.00 September 25, 2033 I-LTM3 Variable(2) $ 86,935.00 September 25, 2033 I-LTM4 Variable(2) $ 86,935.00 September 25, 2033 I-LTM5 Variable(2) $ 74,515.00 September 25, 2033 I-LTM6 Variable(2) $ 49,675.00 September 25, 2033 I-LTB1A Variable(2) $ 34,775.00 September 25, 2033 I-LTB1B Variable(2) $ 34,775.00 September 25, 2033 I-LTZZ Variable(2) $ 5,009,878.03 September 25, 2033 I-LTP ▇▇▇▇▇▇▇▇(2) $ 100.00 September 25, 2033 I- LT1A Variable(2) $ 16,884.01 September 25, 2033 I-LT1B Variable(2) $ 80,339.92 September 25, 2033 I-LT2A Variable(2) $ 3,980.12 September 25, 2033 I-LT2B Variable(2) $ 18,953.22 September 25, 2033 I-LTXX Variable(2) $ 496,645,434.33 September 25, 2033 (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest. (2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Interest will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Balance Maturity Date (1) ----------- ----------------- ----------------------------- ----------------- Class A-1 Variable(2) $ 571,643,000.00 September 25, 2033 Class A-2A Variable(2) $ 37,604,000.00 September 25, 2033 Class A-2B Variable(2) $ 93,000,000.00 September 25, 2033 Class A-2C Variable(2) $ 19,127,000.00 September 25, 2033 Class A-3 Variable(2) $ 63,516,000.00 September 25, 2033 Class M-1 Variable(2) $ 69,547,000.00 September 25, 2033 Class M-2 Variable(2) $ 57,128,000.00 September 25, 2033 Class M-3 Variable(2) $ 17,387,000.00 September 25, 2033 Class M-4 Variable(2) $ 17,387,000.00 September 25, 2033 Class M-5 Variable(2) $ 14,903,000.00 September 25, 2033 Class M-6 Variable(2) $ 9,935,000.00 September 25, 2033 Class B-1A Variable(2) $ 6,955,000.00 September 25, 2033 Class B-1B 6.00% $ 6,955,000.00 September 25, 2033 Class P N/A(3) $ 100.00 September 25, 2033 Class CE N/A(4) $ 8,444,303.20 September 25, 2033 _________________

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Ace Securities Corp Home Equity Loan Trust Series 2004 Fm1)

Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1) ----------- --------------- ---------------------- ----------------- I-LTAA Variable(2) $ 486,830,338.57 September 25, 2033 $369,378,862.29 October 2034 I-LTA1 Variable(2) $ 2,858,215.00 September 25, 2033 $996,145.00 October 2034 I-LTA2A LTA2 Variable(2) $ 188,020.00 September 25, 2033 I-LTA2B Variable(2) $ 465,000.00 September 25, 2033 I-LTA2C Variable(2) $ 95,635.00 September 25, 2033 $110,685.00 October 2034 I-LTA3 Variable(2) $ 317,580.00 September 25, 2033 $755,235.00 October 2034 I-LTA4 Variable(2) $83,915.00 October 2034 I-LTA5 Variable(2) $1,042,970.00 October 2034 I-LTM1 Variable(2) $ 347,735.00 September 25, 2033 $224,265.00 October 2034 I-LTM2 Variable(2) $ 285,640.00 September 25, 2033 $75,385.00 October 2034 I-LTM3 Variable(2) $ 86,935.00 September 25, 2033 $131,920.00 October 2034 I-LTM4 Variable(2) $ 86,935.00 September 25, 2033 $47,115.00 October 2034 I-LTM5 Variable(2) $ 74,515.00 September 25, 2033 $47,115.00 October 2034 I-LTM6 Variable(2) $ 49,675.00 September 25, 2033 $43,345.00 October 2034 I-LTB1A LTM7 Variable(2) $ 34,775.00 September 25, 2033 $41,460.00 October 2034 I-LTB1B LTM8 Variable(2) $ 34,775.00 September 25, 2033 $56,540.00 October 2034 I-LTB Variable(2) $56,535.00 October 2034 I-LTZZ Variable(2) $ 5,009,878.03 September 25, 2033 Variable $3,825,714.13 October 2034 I-LTP ▇▇▇▇▇▇▇▇(2) $ Variable $100.00 September 25, 2033 I- LT1A Variable(2) $ 16,884.01 September 25, 2033 October 2034 I-LT1B Variable(2) $ 80,339.92 September 25, 2033 LT1SUB Variable $5,778.44 October 2034 I-LT2A Variable(2) $ 3,980.12 September 25, 2033 LT1GRP Variable $27,915.05 October 2034 I-LT2B Variable(2) $ 18,953.22 September 25, 2033 LT2SUB Variable $4,380.92 October 2034 I-LT2GRP Variable $21,163.92 October 2034 I-LT3SUB Variable $5,445.08 October 2034 I-LT3GRP Variable $26,304.48 October 2034 I-LTXX Variable(2) $ 496,645,434.33 September 25, 2033Variable $376,826,218.52 October 2034 --------------------------- (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest. (2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Interest will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Pass-Through Certificate Principal Latest Possible Designation Pass-Through Rate Certificate Principal Balance Maturity Date (1) ----------- ----------------- ----------------------------- ---- ------- ----------------- Class A-1 Variable(2A1 Adjustable Rate (2) $ 571,643,000.00 September 25, 2033 $199,229,000 October 2034 Class A-2A Variable(2A2 Adjustable Rate (2) $ 37,604,000.00 September 25, 2033 $22,137,000 October 2034 Class A-2B Variable(2A3 Adjustable Rate (2) $ 93,000,000.00 September 25, 2033 $151,047,000 October 2034 Class A-2C Variable(2A4 Adjustable Rate (2) $ 19,127,000.00 September 25, 2033 $16,783,000 October 2034 Class A-3 Variable(2A5 Adjustable Rate (2) $ 63,516,000.00 September 25, 2033 $208,594,000 October 2034 Class M-1 Variable(2M1 Adjustable Rate (2) $ 69,547,000.00 September 25, 2033 $44,853,000 October 2034 Class M-2 Variable(2M2 Adjustable Rate (2) $ 57,128,000.00 September 25, 2033 $15,077,000 October 2034 Class M-3 Variable(2M3 Adjustable Rate (2) $ 17,387,000.00 September 25, 2033 $26,384,000 October 2034 Class M-4 Variable(2M4 Adjustable Rate (2) $ 17,387,000.00 September 25, 2033 $9,423,000 October 2034 Class M-5 Variable(2M5 Adjustable Rate (2) $ 14,903,000.00 September 25, 2033 $9,423,000 October 2034 Class M-6 Variable(2M6 Adjustable Rate (2) $ 9,935,000.00 September 25, 2033 $8,669,000 October 2034 Class B-1A Variable(2M7 Adjustable Rate (2) $ 6,955,000.00 September 25, 2033 $8,292,000 October 2034 Class B-1B 6.00M8 5.00% $ 6,955,000.00 September 25, 2033 (2) $11,308,000 October 2034 Class B 5.00% (2) $11,307,000 October 2034 Class P N/A(3A (3) $ $100.00 September 25, 2033 October 2034 Class CE C N/A(4A (4) $ 8,444,303.20 September 25$11,308,413 October 2034 ----------------- (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, 2033 _________________the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates. (2) Calculated in accordance with the definition of "Pass-Through Rate" herein. (3) The Class P Certificates will not accrue interest. (4) The Class C Certificates will accrue interest at their variable Pass-Through Rate on the Notional Amount of the Class C Certificates outstanding from time to time which shall equal the Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) The Class C Certificates will not accrue interest on their Certificate Principal Balance. As of the Cut-off Date, the Group 1 Mortgage Loans had an aggregate Scheduled Principal Balance equal to approximately $279,150,514, the Group 2 Mortgage Loans had an aggregate Scheduled Principal Balance equal to approximately $211,639,158 and the Group 3 Mortgage Loans had an aggregate Scheduled Principal Balance equal to approximately $263,044,839. In consideration of the mutual agreements herein contained, the Company, the Master Servicer, the Securities Administrator and the Trustee agree as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Peoples Choice Home Loan Securities Trust Series 2004-2)

Initial Latest Possible Designation Remittance Rate Uncertificated Balance. Maturity Date (1Date(1) ----------- --------------- ---------------------- ----------------- ---------------- I-LTAA Variable(2) $ 486,830,338.57 September $436,409,923.77 October 25, 2033 I-LTA1 Variable(2) $ 2,858,215.00 September 1,886,115.00 October 25, 2033 I-LTA2A LTA2 Variable(2) $ 188,020.00 September 661,475.00 October 25, 2033 I-LTA2B LTA3A Variable(2) $ 465,000.00 September 823,550.00 October 25, 2033 I-LTA2C LTA3B Variable(2) $ 95,635.00 September 25, 2033 I-LTA3 Variable(2) $ 317,580.00 September 235,920.00 October 25, 2033 I-LTM1 Variable(2) $ 347,735.00 September 273,870.00 October 25, 2033 I-LTM2 Variable(2) $ 285,640.00 September 227,110.00 October 25, 2033 I-LTM3 Variable(2) $ 86,935.00 September 71,250.00 October 25, 2033 I-LTM4 Variable(2) $ 86,935.00 September 60,120.00 October 25, 2033 I-LTM5 Variable(2) $ 74,515.00 September 40,080.00 October 25, 2033 I-LTM6 Variable(2) $ 49,675.00 September 25, 2033 I-LTB1A Variable(2) $ 34,775.00 September 25, 2033 I-LTB1B Variable(2) $ 34,775.00 September 66,795.00 October 25, 2033 I-LTZZ Variable(2) $ 5,009,878.03 September 4,560,039.97 October 25, 2033 I-LT1SUB Variable(2) $ 8.848.47 October 25, 2033 I-LT1GRP Variable(2) $ 46,570.77 October 25, 2033 I-LT2SUB Variable(2) $ 3,103.21 October 25, 2033 I-LT2GRP Variable(2) $ 16,332.71 October 25, 2033 I-LT3SUB Variable(2) $ 4,970.38 October 25, 2033 I-LT3GRP Variable(2) $ 26,159.78 October 25, 2033 I-LTXX Variable(2) $445,210,263.43 October 25, 2033 I-LTP ▇▇▇▇▇▇▇▇(2) $ 100.00 September 25, 2033 I- LT1A Variable(2) $ 16,884.01 September October 25, 2033 I-LT1B Variable(2) $ 80,339.92 September 25, 2033 I-LT2A Variable(2) $ 3,980.12 September 25, 2033 I-LT2B Variable(2) $ 18,953.22 September 25, 2033 I-LTXX Variable(2) $ 496,645,434.33 September 25, 2033 _______________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest. (2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Interest will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Latest Possible Designation Pass-Through Rate Certificate Principal Balance Maturity Date (1) ----------- ----------------- ----------------------------- ----------------- Class A-1 Variable(2) $ 571,643,000.00 September 25, 2033 Class A-2A Variable(2) $ 37,604,000.00 September 25, 2033 Class A-2B Variable(2) $ 93,000,000.00 September 25, 2033 Class A-2C Variable(2) $ 19,127,000.00 September 25, 2033 Class A-3 Variable(2) $ 63,516,000.00 September 25, 2033 Class M-1 Variable(2) $ 69,547,000.00 September 25, 2033 Class M-2 Variable(2) $ 57,128,000.00 September 25, 2033 Class M-3 Variable(2) $ 17,387,000.00 September 25, 2033 Class M-4 Variable(2) $ 17,387,000.00 September 25, 2033 Class M-5 Variable(2) $ 14,903,000.00 September 25, 2033 Class M-6 Variable(2) $ 9,935,000.00 September 25, 2033 Class B-1A Variable(2) $ 6,955,000.00 September 25, 2033 Class B-1B 6.00% $ 6,955,000.00 September 25, 2033 Class P N/A(3) $ 100.00 September 25, 2033 Class CE N/A(4) $ 8,444,303.20 September 25, 2033 _________________

Appears in 1 contract

Sources: Pooling and Servicing Agreement (New Century Mort Sec Inc Home Equity Ln Tr Se 2003 B)