Common use of Residual Interest Clause in Contracts

Residual Interest. In connection therewith, as of the Closing Date, in exchange for the Mortgage Pool Assets, the Trustee on behalf of the Trust does hereby issue to the Company the REMIC I Regular Interests and the Class R-1 Residual Interest.

Appears in 12 contracts

Sources: Pooling and Servicing Agreement (Washington Mutual Mort Sec Corp Wamu Mo Pa Th Ce Se 2002 S5), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2002-S3), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certs Series 2004-S1)

Residual Interest. In connection therewith, as of the Closing Date, in exchange for the Mortgage Pool Assetsproperty constituting the Trust Fund, the Trustee on behalf of the Trust does hereby issue convey to the Company the REMIC I Regular Interests and the Class R-1 Residual Interest.

Appears in 12 contracts

Sources: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar3), Pooling and Servicing Agreement (Wamu Mor Pass Thru Cert Ser 2001-Ar1), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-S11)

Residual Interest. In connection therewith, as of the Closing Date, in exchange for the Mortgage Pool Assetsproperty constituting the REMIC II Trust Fund, the Trustee on behalf of the Trust does hereby issue convey to the Company the REMIC I II Regular Interests and the Class R-1 R-2 Residual Interest.

Appears in 5 contracts

Sources: Pooling and Servicing Agreement (Wamu Mor Pass Thru Cert Ser 2001-Ar1), Pooling and Servicing Agreement (Washington Mutual MSC Mortgage Pass Thro Cert Ser 2001-Ms14), Pooling and Servicing Agreement (Washington Mutual MSC Mort Pass-Through Cert Ser 2001-Ms12)

Residual Interest. In connection therewith, as of the Closing Date, in exchange for the Mortgage Pool Trust Assets, the Trustee on behalf of the Trust does hereby issue to the Company the REMIC I Regular Interests and the Class R-1 Residual Interest.

Appears in 1 contract

Sources: Trust Agreement (Washington Mutual Mortgage Securities Corp Series 2004-Rs1)