REMIC Status Sample Clauses
REMIC Status. (a) The parties hereto intend that each REMIC created hereunder shall constitute, and that the affairs of each REMIC created hereunder shall be conducted so as to qualify it as a REMIC in accordance with the REMIC Provisions. In furtherance of such intention, JPMorgan Chase Bank, National Association, or such other person designated pursuant to Section 11.18 hereof shall act as agent for the Trust and as Tax Matters Person for the Trust and that in such capacity it shall: (i) prepare or cause to be prepared and filed, at its own expense, in a timely manner, annual tax returns and any other tax return required to be filed by each REMIC created hereunder using a calendar year as the taxable year for such REMIC; (ii) in the related first such tax return, make (or cause to be made) an election satisfying the requirements of the REMIC Provisions, on behalf of each REMIC created hereunder, for it to be treated as a REMIC; (iii) at the Tax Matters Person’s expense, prepare and forward, or cause to be prepared and forwarded, to the Owners all information, reports or tax returns required with respect to each REMIC created hereunder, including Schedule Q to Form 1066, as, when and in the form required to be provided to the Owners, and to the Internal Revenue Service and any other relevant governmental taxing authority in accordance with the REMIC Provisions and any other applicable federal, state or local laws, including without limitation information reports relating to “original issue discount” as defined in the Code based upon the prepayment assumption and calculated by using the “Issue Price” (within the meaning of Section 1273 of the Code) of the Certificates of the related Class; provided that the tax return filed on Schedule Q to Form 1066 shall be prepared and forwarded to the Owners of the Class R Certificates no later than 50 days after the end of the period to which such tax return was due; (iv) not take any action or omit to take any action that would cause the termination of the REMIC status of any REMIC created hereunder, except as provided under this Agreement; (v) represent the Trust or each REMIC created hereunder in any administrative or judicial proceedings relating to an examination or audit by any governmental taxing authority, request an administrative adjustment as to a taxable year of the Trust or each REMIC created hereunder, enter into settlement agreements with any governmental taxing agency, extend any statute of limitations relating to a...
REMIC Status. The Mortgage Loan is a qualified mortgage for inclusion in a "real estate mortgage investment conduit" for federal income tax purposes;
REMIC Status. The Servicer is hereby notified, and the Servicer hereby acknowledges such notice, that the Mortgage Loans will be held in a securitization pursuant to which a REMIC election will be made.
REMIC Status. 88 Section 11.17 Additional Limitation on Action and Imposition of Tax................................................ 89 Section 11.18 Appointment of Tax Matters Person..................... 89 Section 11.19 The Certificate Insurer............................... 89 Section 11.20 Reserved.............................................. 89 Section 11.21 Third Party Rights.................................... 89 Section 11.25 Notices............................................... 90 Section 11.26 Notice to Trustee of Amendments to Premuim Letter................................................ 92
REMIC Status. The Servicer is hereby notified, and the Servicer hereby acknowledges such notice, that the Mortgage Loans will be held in a securitization pursuant to which a REMIC election will be made. Executed as of the day and year first above written. ▇▇▇▇▇▇▇▇▇ MORTGAGE HOME LOANS, INC., as Seller By: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Senior Vice President ▇▇▇▇▇ FARGO BANK, N.A., as Servicer By: Name: Title: Acknowledged By: ▇▇▇▇▇ FARGO BANK, N.A. as Master Servicer By: Name: Title: LASALLE BANK NATIONAL ASSOCIATION, as Trustee on behalf of ▇▇▇▇▇▇▇▇▇ Mortgage Securities Trust 2005-2 By: Name: Title:
1. Unless otherwise specified herein, any provisions of the Servicing Agreement, including definitions relating to (i) Pass-Through Transfers and Whole Loan Transfers and (ii) except with respect to Article III, Closing Date, shall be disregarded for the purposes of this Agreement. Further, the following provisions of the Servicing Agreement shall be inapplicable to this Agreement: Article II (Conveyance of Mortgage Loans; Possession of Custodial Mortgage Files, Maintenance of Retained Mortgage Files and Servicing Files; Books and Records, Transfers of Mortgage Loans; Custodial Agreement; Delivery of Documents) and Section 7.02 (Financial Statements; Servicing Facility).
2. The definition of “Business Day” in Article 1 is hereby amended as follows:
REMIC Status. The Servicer is hereby notified, and the Servicer hereby acknowledges such notice, that the Mortgage Loans will be held in a securitization pursuant to which a REMIC election will be made. Executed as of the day and year first above written. ▇▇▇▇▇▇▇▇▇ MORTGAGE HOME LOANS, INC., as Seller By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Vice President ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ CREDIT CORPORATION, as Servicer By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Title: Vice President ▇▇▇▇▇ FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, as Master Servicer By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Title: Vice President Acknowledged By: DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee on behalf of ▇▇▇▇▇▇▇▇▇ Mortgage Securities Trust 2002-2 By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇ Title: Associate
1. Unless otherwise specified herein, any provisions of the Master Servicing Agreement, including definitions (as well as definitions incorporated from the Master Mortgage Loan Purchase Agreement), relating to (i) Agency Transfers, Pass-Through Transfers, Whole Loan Transfers and reconstitutions and (ii) Closing Dates, shall be disregarded for the purposes of this Agreement. The exhibits to the Master Servicing Agreement and all references to such exhibits shall also be disregarded, where applicable, for purposes of this Agreement.
2. A definition of "Business Day" is added to Section 1.01 of Article I to read as follows:
REMIC Status. 149 12.17 ADDITIONAL LIMITATION ON ACTION AND IMPOSITION OF TAX ON THE TRUST REMICS...........................152 12.18 TAX MATTERS PERSON..................................................................................153 12.19 NOTICES.............................................................................................153 EXHIBITS AND SCHEDULES Schedule I Schedule of Mortgage Loans Exhibit A-1 Form of Offered Certificate Exhibit A-2 Form of Class X Certificate Exhibit A-3 Form of Class P Certificate Exhibit A-4 Form of Residual Certificate Exhibit B Certificate Insurance Policy Exhibit C Fairbanks Servicing Standards Exhibit D Wilshire Servicing Standards Exhibit E Form of Power of Attorney Exhibit F Form of Initial Certification Exhibit G Form of Transfer Affidavit Exhibit H Form of Transferor Certificate Exhibit I Form of Rule 144A Letter Exhibit J-1 Form of Request for Release of Documents Exhibit J-2 Paperless Release Template Exhibit K Form of Certification to be provided with Form 10-K Exhibit L-1 Form of Certification to be provided to Depositor by Trustee Exhibit L-2 Form of Certification to be provided to Depositor by Servicers Exhibit M Sale Agreements Exhibit N Wilshire HOEPA Calculation TRUST AND SERVICING AGREEMENT (this "AGREEMENT"), relating to GSRPM MORTGAGE LOAN TRUST 2003-1 (the "TRUST"), dated as of January 1, 2003, by and among GS MORTGAGE SECURITIES CORP., a Delaware corporation, as depositor (the "DEPOSITOR"), FAIRBANKS CAPITAL CORP., a Utah corporation ("FAIRBANKS"), in its capacity as a servicer (a "SERVICER"), WILSHIRE CREDIT CORPORATION, a Nevada corporation ("WILSHIRE"), in its capacity as a servicer (a "SERVICER") and as master servicer (the "MASTER SERVICER") and JPMORGAN CHASE BANK, a New York banking corporation, as trustee (the "TRUSTEE") of the Trust.
REMIC Status. 115 Section 11.17 Additional Limitation on Action and Imposition of Tax.116 Section 11.18
REMIC Status. 135 Section 11.17 Additional Limitation on Action and Imposition of Tax..................................137 Section 11.18 Appointment of Tax Matters Person......................................................137 Section 11.19 The Certificate Insurer................................................................137 Section 11.20 Reserved...............................................................................138 Section 11.21 Third Party Rights.....................................................................138 Section 11.22 Notices................................................................................138 SCHEDULE I-A...................................................................................I-A-1 SCHEDULE I-B...................................................................................I-B-1 SCHEDULE II....................................................................................II-1 SCHEDULE III...................................................................................III-1 SCHEDULE IV....................................................................................IV-1 EXHIBIT A-1....................................................................................A-1-1 EXHIBIT A-2....................................................................................A-2-1 EXHIBIT A-3....................................................................................A-3-1 EXHIBIT A-4....................................................................................A-4-1 EXHIBIT A-5....................................................................................A-5-1 EXHIBIT A-6....................................................................................A-6-1 EXHIBIT A-7....................................................................................A-7-1 EXHIBIT A-8....................................................................................A-8-1 EXHIBIT A-9IO..................................................................................A-9-IO-1 EXHIBIT B......................................................................................B-1 EXHIBIT C .....................................................................................C-1 EXHIBIT R......................................................................................R-1 EXHIBIT R-I....................................................................................R-I-1 EXHIBIT R-II............................................
REMIC Status. The Servicer is hereby notified, and the Servicer hereby acknowledges such notice, that the Mortgage Loans will be held in a securitization pursuant to which a REMIC election will be made. Executed as of the day and year first above written. ▇▇▇▇▇▇▇▇▇ MORTGAGE HOME LOANS, INC., as Seller By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Vice President ABN AMRO MORTGAGE GROUP, INC., as Servicer By: /s/ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ Title: First Vice President Acknowledged By: ▇▇▇▇▇ FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, as Master Servicer By: /s/ ▇▇▇ ▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇ Title: Vice President DEUTSCHE BANK NATIONAL TRUST COMPANY, not in its individual capacity but solely as Trustee on behalf of ▇▇▇▇▇▇▇▇▇ Mortgage Securities Trust 2003-3 By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Associate
1. Unless otherwise specified herein, any provisions of the Servicing Agreement, including definitions relating to (i) Agency Transfers, Pass-Through Transfers and Whole Loan Transfers and (ii) Closing Date, shall be disregarded for the purposes of this Agreement. Further, the following provisions of the Servicing Agreement shall be inapplicable to this Agreement: Section 2 (Purchase and Conveyance), Section 3 (Mortgage Loan Schedule), Section 4 (Purchase Price), Section 5 (Delivery of Mortgage Loan Documents) Section 8 (Closing), Section 9 (Closing Documents), Section 10 (Costs), Subsection 11.23 (Designation of a Master Servicer), Subsection 12.05 (Financial Statements) and Section 22 (Intention of the Parties).
2. A definition of "Annual Independent Public Accountant’s Servicing Report is hereby added as follows: