Common use of REMIC Status Clause in Contracts

REMIC Status. The Mortgage Loan is a qualified mortgage for inclusion in a "real estate mortgage investment conduit" for federal income tax purposes;

Appears in 9 contracts

Sources: Mortgage Loan Purchase Agreement (Lehman XS Trust Series 2007-15n), Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates 2004-11xs), Mortgage Loan Purchase Agreement (Lehman XS Trust Series 2007-7n)

REMIC Status. The Mortgage Loan is a qualified mortgage for inclusion in a "real estate mortgage investment conduit" for federal income tax purposes;; and

Appears in 4 contracts

Sources: Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Sasco 2006-Bc3), Servicing Agreement (Sail 2006-3), Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Sasco 2006-Bc4)

REMIC Status. The Mortgage Loan is a qualified mortgage for inclusion in a "real estate mortgage investment conduit" for federal income tax purposes;.

Appears in 1 contract

Sources: Seller's Warranties and Servicing Agreement (Structured Asset Securities Corp/Ny)