Common use of Solely for purposes Clause in Contracts

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 Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates evidencing a "regular interest" in REMIC II. As of the Cut-off Date, the Original Mortgage Loans had an aggregate Scheduled Principal Balance equal to $301,762,488.97. As of the Closing Date, the REMIC I Regular Interests have an aggregate Uncertificated Balance equal to $301,762,388.97. In consideration of the mutual agreements herein contained, the Depositor, each of the Master Servicers and the Trustee agree as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Asset-Backed Certificates Series 1997-Lb6)

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 Loans with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates evidencing a "regular interest" in REMIC II. As of the Cut-off Date, the Original Mortgage Loans had an aggregate Scheduled Principal Balance equal to $301,762,488.97223,229,293.32. As of the Closing Date, the REMIC I Regular Interests have an aggregate Uncertificated Balance equal to $301,762,388.97223,229,193.32. In consideration of the mutual agreements herein contained, the Depositor, each of the Master Servicers Servicer and the Trustee agree as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Asst Back Cert Se 1997-Lb2)