Common use of REMIC Certificate Maturity Date Clause in Contracts

REMIC Certificate Maturity Date. Solely for purposes of satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, and based upon certain assumptions described below, the "latest possible maturity date" of each of the Offered Certificates and the Class B-2 Certificates is no later than July 8, 2027. The foregoing date represents the date by which the Certificates would be reduced to zero as determined under a hypothetical scenario which assumes, among other things, that (i) no scheduled interest and principal payments on the Mortgage Loans are received after the respective Due Date, (ii) there are no principal prepayments and (iii) the Master Servicer will not exercise its option to purchase the assets of the Trust and there will be no Auction Sale, each pursuant to Section 8.03 of this Agreement, and thereby not cause a termination of the Trust pursuant to Section 12.03 of this Agreement.

REMIC Certificate Maturity Date. Solely for purposes of satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, and based upon certain assumptions described below, the "latest possible maturity date" of each of the Offered Certificates Class A [and the Class B-2 B] Certificates is no later than July 8__________ __, 2027____. The foregoing date represents the date by which the Certificates would be reduced to zero as determined under a hypothetical scenario which assumes, among other things, that (i) no scheduled interest and principal payments on the Mortgage Loans are received after the respective Due Date, (ii) there are no principal prepayments and (iii) the Company and the Master Servicer will not exercise its option to purchase the assets of the Trust and there will be no Auction Sale, each Certificates pursuant to Section 8.03 of this Agreement, Agreement and thereby not cause a termination of the Trust pursuant to Section 12.03 ______ of this Agreement.