W I T N E S S E T H T H A T Sample Clauses: 1k Samples

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof) for federal income tax purposes will consist of two REMICs (the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests:

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A5cb), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A3cb)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund (exclusive of ~~any amounts in respect of waived Prepayment Charges paid by~~ the ~~Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof~~Yield Maintenance Agreements and Yield Maintenance Reserve Funds) for federal income tax purposes will consist of two REMICs (the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust ~~Fund~~Fund (exclusive of the Yield Maintenance Agreements and Yield Maintenance Reserve Funds). For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The ~~Lower Tier~~ Master REMIC The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): ============================ ========================= ==================== ==================== =================== Integral Initial Class Minimum Multiples in Class Designation Certificate Balance Pass-Through Rate Denomination Excess of Minimum ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-1(1) $ 106,893,600.00 Variable(2) $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-2(1) $ 157,000,000.00 Variable(3) $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-3 Notional(4) Variable(5) $ 25,000(6) $1,000(6) ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-4 Notional(7) Variable(8) $ 25,000(6) $1,000(6) ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class PO $ 463,351.80 N/A(9) $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-X Notional(10) Variable(11) $ 25,000(6) $1,000(6) ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class A-R $ 100.00 Variable(12) $ 100 N/A ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class B-1 $ 5,536,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class B-2 $ 2,491,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class B-3 $ 1,384,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class B-4 $ 1,384,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class B-5 $ 692,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- -------------------- -------------------- ------------------- Class B-6 $ 969,716.98 5.50% $ 100,000 $1,000 ============================ ========================= ==================== ==================== =================== ============================ ========================= ==================== ==================== =================== Class P $ 100.00 0.00%(13) $ 100 N/A ============================ ========================= ==================== ==================== ===================

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (IndyMac Residential Asset Securitization Trust 2005-A2), Pooling and Servicing Agreement (IndyMac Residential Asset Securitization Trust 2005-A2)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. ~~The~~ As provided in this Agreement, the Trustee will elect that the Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ be treated for federal income tax purposes ~~will consist of~~ as comprising two ~~REMICs~~ real estate mortgage investment conduits (~~the~~ each, a "~~Lower Tier REMIC" and the "Master~~ REMIC"). ~~Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions.~~ The ~~Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier~~ Subsidiary REMIC will hold as assets all property of the Trust ~~Fund. For federal income tax purposes,~~ Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each ~~Certificate~~ of which (other than the Class SR Certificate) will represent ownership of the Subsidiary REMIC (each of the Subsidiary REMIC Regular Interest and the SR Interest is referred to as a "Subsidiary Interest"). The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R ~~Certificate) is hereby designated as a regular interest in~~ Certificates will represent beneficial ownership of the ~~Master REMIC~~ SR Interest and ~~each Lower Tier Regular~~ the MR Interest~~, as defined below, is designated as a regular interest in the Lower Tier REMIC~~. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The ~~Lower Tier~~ Subsidiary REMIC The following table sets forth ~~characteristics of~~ Class Designation, the ~~Lower Tier~~ Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular ~~Interests:~~Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master REMIC Class Designation Certificate Balance Rate Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.50% Class A-1 and Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 4.75% Class A-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.50% Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA4 (1) 8.00% Class A-4 and Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.50% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.50% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.50% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.50% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.50% Class B-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB4 (1) 5.50% Class B-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB5 (1) 5.50% Class B-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB6 (1) 5.50% Class B-6 ------------------------ ------------------------- -------------------------- --------------------------------

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2003-A6), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2003-A6)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ for federal income tax purposes will consist of two REMICs (the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier REMIC Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust ~~Fund~~Fund other than the interests in the Lower Tier REMIC. For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier REMIC Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 ~~hereof~~ will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Supplemental Interest Trust, the Supplemental Interest Reserve Fund and the Corridor Contract shall not constitute any part of any REMIC described in this Agreement. Lower Tier REMIC The following table sets forth characteristics of the Lower Tier REMIC Regular Interests:: ============================ ==================== ================== ========================= ===================== Lower Tier REMIC Regular Allocation of Allocation of Interest Principal Balance Pass-Through Rate Interest Principal ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-1 (1) 7.50% Class A-1, A-2, A-3 Class A-1, A-2 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-4 (1) 6.00% Class A-4 Class A-4 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-5 (1) 6.00% Class A-5 Class A-5 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-6 (1) 6.00% Class A-6 Class A-6 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-7 (1) 6.00% Class A-7 Class A-7 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-8 (1) 6.00% Class A-8 Class A-8 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-9 (1) 6.00% Class A-9 Class A-9 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-10 (1) 0.00% N/A Class A-10 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-11 (1) 6.50% Class A-11, A-12 Class A-11 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-13 (1) 6.00% Class A-13 Class A-13 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-PO (1) 0.00% N/A Class PO ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-A-X (1) 6.50% Class A-X N/A ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-$100 (1) 6.50% Class A-R Class A-R ==================================================================================================================== ==================================================================================================================== Lower Tier REMIC Regular Allocation of Allocation of Interest Principal Balance Pass-Through Rate Interest Principal ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-B-1 (1) 6.50% Class B-1 Class B-1 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-B-2 (1) 6.50% Class B-2 Class B-2 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-B-3 (1) 6.50% Class B-3 Class B-3 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-B-4 (1) 6.50% Class B-4 Class B-4 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-B-5 (1) 6.50% Class B-5 Class B-5 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-B-6 (1) 6.50% Class B-6 Class B-6 ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-P (1) N/A(2) N/A Class P ---------------------------- -------------------- ------------------ ------------------------- --------------------- LT-R(3) N/A N/A N/A ▇/▇ ============================ ==================== ================== ========================= =====================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A9cb)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund (exclusive of ~~any amounts in respect of waived Prepayment Charges paid by~~ the ~~Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof~~Yield Maintenance Agreements and Yield Maintenance Reserve Funds) for federal income tax purposes will consist of two REMICs (the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust ~~Fund~~Fund (exclusive of the Yield Maintenance Agreements and Yield Maintenance Reserve Funds). For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The ~~Lower Tier~~ Master REMIC The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): ==================================================================================================================== Integral Initial Class Minimum Multiples in Class Designation Certificate Balance Pass-Through Rate Denomination Excess of Minimum -------------------------------------------------------------------------------------------------------------------- Class A-1 $109,590,000.00 Variable(1)(2) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-2 Notional(3) Variable(4) $ 25,000(5) $1,000(5) -------------------------------------------------------------------------------------------------------------------- Class A-3 $96,068,000.00 Variable(1)(6) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-4 $2,402,000.00 Variable(1)(7) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-5 $50,540,000.00 Variable(1)(8) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-6 Notional(9) Variable(10) $ 25,000(5) $1,000(5) -------------------------------------------------------------------------------------------------------------------- Class A-7 $1,514,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-8 $72,262,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-9 $2,621,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-10 Notional(11) Variable(12) $ 25,000(5) $1,000(5) -------------------------------------------------------------------------------------------------------------------- Class A-11 $19,710,000.00 Variable(1)(13) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-12 $19,512,000.00 Variable(1)(14) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-13 $198,000.00 5.50% $ 25,000 $1,000 ==================================================================================================================== 1 ==================================================================================================================== Class PO $753,860.39 N/A(15) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class A-X Notional(16) Variable(17) $ 25,000(5) $1,000(5) -------------------------------------------------------------------------------------------------------------------- Class A-R $100.00 5.50% $ 100 N/A -------------------------------------------------------------------------------------------------------------------- Class B-1 $14,043,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class B-2 $4,012,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class B-3 $2,608,000.00 5.50% $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class B-4 $2,407,000.00 5.50% $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class B-5 $1,805,000.00 5.50% $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class B-6 $1,206,757.00 5.50% $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------- Class P $100.00 0.00%(18) $ 100 N/A ====================================================================================================================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac RAST 2005-A5)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ for federal income tax purposes will consist of two REMICs (the "~~Lower Tier~~ Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC ~~created hereunder~~and the Master REMIC. The Master REMIC will hold as assets the ~~Lower Tier Regular Interests. The Lower Tier~~ several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Subsidiary REMIC Interest (other than the Class R-1 Interest) is hereby designated as a regular interest in the Subsidiary REMIC and each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. ~~All amounts~~ The Subsidiary REMIC The Subsidiary REMIC Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in ~~respect~~ the manner set forth in the following table: ----------------------------------------------------------------------------------------------------------------- Class Allocation of ~~waived Prepayment Charges paid by the Servicer to the~~ Interest Allocation of Subsidiary REMIC Initial Class Interest Principal (1) Class Designation Principal Balance Rate ----------------------------------------------------------------------------------------------------------------- Class S-A-1 $171,407,455 5.25% Class A-1 Class A-1 ----------------------------------------------------------------------------------------------------------------- Class S-A-2 $38,090,545 8.00% Class A-2, A-3 Class A-2 ----------------------------------------------------------------------------------------------------------------- Class S-A-4 $4,000,000 5.75% Class A-4 Class A-4 ----------------------------------------------------------------------------------------------------------------- Class S-A-5 $25,000,000 5.75% Class A-5, A-6 Class A-5 ----------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X Class A-X ----------------------------------------------------------------------------------------------------------------- Class S-PO $863,244 N/A(4) N/A Class PO ----------------------------------------------------------------------------------------------------------------- Class S-B-1 $5,640,000 5.75% Class B-1 Class B-1 ----------------------------------------------------------------------------------------------------------------- Class S-B-2 $1,880,000 5.75% Class B-2 Class B-2 ----------------------------------------------------------------------------------------------------------------- Class S-B-3 $1,127,000 5.75% Class B-3 Class B-3 ----------------------------------------------------------------------------------------------------------------- Class S-B-4 $878,000 5.75% Class B-4 Class B-4 ----------------------------------------------------------------------------------------------------------------- Class S-B-5 $626,000 5.75% Class B-5 Class B-5 ----------------------------------------------------------------------------------------------------------------- Class S-B-6 $1,128,620 5.75% Class B-6 Class B-6 ----------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P ~~Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the~~ ----------------------------------------------------------------------------------------------------------------- Class ~~P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests:~~S-$100 $100 5.75% AR A-R ----------------------------------------------------------------------------------------------------------------- R-1 N/A N/A N/A ▇/▇ -----------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2004-A1)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. ~~The~~ As provided in this Agreement, the Trustee shall elect that the Trust Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to Section 3.20(b) and any amounts in respect of waived Late Payment Fees paid by the ~~second paragraph~~ Servicer to the Holders of ~~Section 3.20 hereof~~the Class L Certificates) be treated for federal income tax purposes ~~will consist of two REMICs~~ as comprising one real estate mortgage investment conduit (~~the "Lower Tier REMIC" and~~ the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R ~~Certificate~~ represents ownership of the sole class of residual interest in each REMIC created ~~hereunder~~under this Agreement. The Master ~~REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier~~ REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to ~~the second paragraph of~~ Section ~~3.20 hereof~~ 3.20(b) will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created ~~hereunder~~under this Agreement. All amounts in respect of waived Late Payment Fees paid by the Servicer to the Holders of the Class L Certificates will be treated as paid directly by the Servicer to the Class L Certificates and not as paid through any REMIC created under this Agreement or by or through the Grantor Trust described herein. The ~~Lower Tier~~ Master REMIC The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): ================================================================================================================================ Initial Class Certificate Pass-Through Integral Multiples in Class Designation Balance Rate Minimum Denomination Excess of Minimum -------------------------------------------------------------------------------------------------------------------------------- Class A-1 $204,657,000 Variable(1) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class A-2 $22,740,000 Variable(1) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class A-R $100 (1) $ 100 N/A -------------------------------------------------------------------------------------------------------------------------------- Class B-1 $4,933,000 Variable(1) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class B-2 $3,129,000 Variable(1) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class B-3 $2,045,000 Variable(1) $ 25,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class B-4 $1,805,000 Variable(1) $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class B-5 $842,000 Variable(1) $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class B-6 $481,626 Variable(1) $ 100,000 $1,000 -------------------------------------------------------------------------------------------------------------------------------- Class P $100 (2) $ 100 N/A ================================================================================================================================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar2)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ for federal income tax purposes will consist of two REMICs (the "~~Lower Tier~~ Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC ~~created hereunder~~and the Master REMIC. The Master REMIC will hold as assets the ~~Lower Tier Regular Interests. The Lower Tier~~ several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Subsidiary REMIC Interest (other than the Class R-1 Interest) is hereby designated as a regular interest in the Subsidiary REMIC and each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. ~~All amounts~~ The Subsidiary REMIC The Subsidiary REMIC Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in ~~respect~~ the manner set forth in the following table: -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of ~~waived Prepayment Charges paid by the Servicer to the~~ Class Designation Principal Balance Rate Allocation of Interest Principal (1) -------------------------------------------------------------------------------------------------------------------- Class S-A-1 $152,593,000 5.50% Class A-1 Class A-1 -------------------------------------------------------------------------------------------------------------------- Class S-A-2 $7,262,600 5.50% Class A-2, A-3 Class A-2 -------------------------------------------------------------------------------------------------------------------- Class S-A-3 $44,404,400 8.00% Class A-3, A-4, A-5 Class A-3 -------------------------------------------------------------------------------------------------------------------- Class S-A-6 $17,762,000 5.50% Class A-6 Class A-6 -------------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X N/A -------------------------------------------------------------------------------------------------------------------- Class S-PO $2,548,240 N/A(4) N/A Class PO -------------------------------------------------------------------------------------------------------------------- Class S-B-1 $5,879,000 6.00% Class B-1 Class B-1 -------------------------------------------------------------------------------------------------------------------- Class S-B-2 $1,646,000 6.00% Class B-2 Class B-2 -------------------------------------------------------------------------------------------------------------------- Class S-B-3 $941,000 6.00% Class B-3 Class B-3 -------------------------------------------------------------------------------------------------------------------- Class S-B-4 $940,000 6.00% Class B-4 Class B-4 -------------------------------------------------------------------------------------------------------------------- Class S-B-5 $353,000 6.00% Class B-5 Class B-5 -------------------------------------------------------------------------------------------------------------------- Class S-B-6 $824,262 6.00% Class B-6 Class B-6 -------------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P ~~Certificates pursuant to the second paragraph~~ -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of ~~Section 3.20 hereof will be treated as paid directly by the Servicer to the~~ Class ~~P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics~~ Designation Principal Balance Rate Allocation of ~~the Lower Tier Regular Interests:~~Interest Principal (1) -------------------------------------------------------------------------------------------------------------------- Class S-$100 $100 6.00% Class A-R Class A-R -------------------------------------------------------------------------------------------------------------------- R-1 N/A ▇/▇ ▇/▇ ▇/▇ --------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2004-A7)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ for federal income tax purposes will consist of two REMICs (the "~~Lower Tier~~ Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC ~~created hereunder~~and the Master REMIC. The Master REMIC will hold as assets the ~~Lower Tier Regular Interests. The Lower Tier~~ several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Subsidiary REMIC Interest (other than the Class R-1 Interest) is hereby designated as a regular interest in the Subsidiary REMIC and each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. ~~All amounts~~ The Subsidiary REMIC The Subsidiary REMIC Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in ~~respect~~ the manner set forth in the following table: ------------------------------------------------------------------------------ Subsidary Initial Class Class REMIC Class Principal Interest Allocation Allocation of ~~waived Prepayment Charges paid by the Servicer to the~~ Designation Balance Rate of Interest Principal (1) ------------------------------------------------------------------------------ Class S-A-1 $45,832,000 4.00% Class A-1 Class A-1 ------------------------------------------------------------------------------ Class S-A-2 $55,158,400 7.50% Class A-2, A-3 Class A-2 ------------------------------------------------------------------------------ Class S-A-4 $32,642,300 5.25% Class A-4 Class A-4 ------------------------------------------------------------------------------ Class S-A-5 $1,968,000 5.75% Class A-5 Class A-5 ------------------------------------------------------------------------------ Class S-A-6 $7,755,536 (2) Class A-6 Class A-6 ------------------------------------------------------------------------------ Class S-A-7 $45,700,342 (2) Class A-7 Class A-7 ------------------------------------------------------------------------------ Class S-A-8 $2,179,322 (2) Class A-8 Class A-8 ------------------------------------------------------------------------------ Class S-A-9 $41,550,000 5.75% Class A-9 Class A-9 ------------------------------------------------------------------------------ Class S-A-10 $3,000,000 5.75% Class A-10 Class A-10 ------------------------------------------------------------------------------ Class S-A-X (3) (4) Class A-X N/A ------------------------------------------------------------------------------ Class S-PO $576,561 N/A(5) N/A Class PO ------------------------------------------------------------------------------ Class S-B-1 $6,806,217 5.75% Class B-1 Class B-1 ------------------------------------------------------------------------------ Class S-B-2 $1,608,750 5.75% Class B-2 Class B-2 ------------------------------------------------------------------------------ Class S-B-3 $866,250 5.75% Class B-3 Class B-3 ------------------------------------------------------------------------------ Class S-B-4 $866,250 5.75% Class B-4 Class B-4 ------------------------------------------------------------------------------ Class S-B-5 $247,500 5.75% Class B-5 Class B-5 ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ Subsidary Initial Class Class REMIC Class Principal Interest Allocation Allocation of Designation Balance Rate of Interest Principal (1) ------------------------------------------------------------------------------ Class S-B-6 $742,500 5.75% Class B-6 Class B-6 ------------------------------------------------------------------------------ Class S-P(6) $100 N/A N/A Class P ~~Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the~~ ------------------------------------------------------------------------------ Class ~~P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests:~~S-$100 $100 5.75% Class A-R Class A-R ------------------------------------------------------------------------------ R-1 N/A N/A ▇/▇ ▇/▇ ------------------------------------------------------------------------------

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2004-A9)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. ~~The~~ As provided in this Agreement, the Trustee will elect that the Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ be treated for federal income tax purposes ~~will consist of~~ as comprising two ~~REMICs~~ real estate mortgage investment conduits (~~the~~ each, a "~~Lower Tier REMIC" and the "Master~~ REMIC"). ~~Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions.~~ The ~~Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier~~ Subsidiary REMIC will hold as assets all property of the Trust ~~Fund. For federal income tax purposes,~~ Fund and will be evidenced by the Subsidiary REMIC Regular Interests which will be uncertificated and will represent the "regular interests" in the Subsidiary REMIC and the SR Interest as the single "residual interest" in the Subsidiary REMIC; each ~~Certificate~~ of which (other than the Class SR Certificate) will represent ownership of the Subsidiary REMIC. The Trustee will hold the Subsidiary REMIC Regular Interests for the benefit of the Master REMIC. The Master REMIC will consist of the Uncertificated Subsidiary REMIC Regular Interests and will be evidenced by the Certificates (except in the case of the Subordinated Certificates, which will be represented by two Subsidiary REMIC regular interests), and which will represent the "regular interests" in the Master REMIC. The MR Interest as the single "residual interest" in the Master REMIC. The Class A-R ~~Certificate) is hereby designated as a regular interest in~~ Certificates will represent beneficial ownership of the ~~Master REMIC~~ SR Interest and ~~each Lower Tier Regular~~ the MR Interest~~, as defined below, is designated as a regular interest in the Lower Tier REMIC~~. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The ~~Lower Tier~~ Subsidiary REMIC The following table sets forth ~~characteristics of~~ Class Designation, the ~~Lower Tier~~ Initial Principal Balance, the Pass-Through Rate, and the Rate Change Date for each Subsidiary REMIC Regular ~~Interests:~~Interest: ------------------------ ------------------------- -------------------------- -------------------------------- Initial Class Initial Pass-Through Corresponding Master Class Designation Certificate Balance Rate REMIC Interests ------------------------ ------------------------- -------------------------- -------------------------------- Class SA1 (1) 4.25% Class A-1 and Class A-R ------------------------ ------------------------- -------------------------- -------------------------------- Class SA2 (1) 8.00% Class A-2 and Class A-3 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA3 (1) 5.75% Class A-4 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA5 (1) 5.75% Class A-5 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA6 (1) 5.75% Class A-6 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA7 (1) 5.75% Class A-7 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA8 (1) 5.75% Class A-8, Class A-9 and Class A-10 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA11 (1) 6.00% Class A-11 ------------------------ ------------------------- -------------------------- -------------------------------- Class SA12 (1) 5.50% Class A-12 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB1 (1) 5.75% Class B-1 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB2 (1) 5.75% Class B-2 ------------------------ ------------------------- -------------------------- -------------------------------- Class SB3 (1) 5.75% Class B-3 ------------------------ ------------------------- -------------------------- --------------------------------

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Securit Trust 2003-A1)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. ~~The Trust Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof) for~~ For federal income tax ~~purposes~~ purposes, the Trust Fund will consist of ~~two REMICs~~ one REMIC (~~the "Lower Tier REMIC" and~~ the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in ~~each REMIC created hereunder~~the Master REMIC. The Master ~~REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier~~ REMIC will hold as assets all property of the Trust Fund. ~~For federal income tax purposes, each~~ Each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The ~~Lower Tier~~ Master REMIC The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount: ============================ ========================= ================= =================== ==================== Integral Multiples in Initial Class Pass-Through Minimum Excess of Class Designation Certificate Balance Rate Denomination Minimum ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-1 $50,000,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-2 $49,095,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-3 $19,764,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-4 $5,000,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-5 $63,810,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class PO $587,121 N/A(1) $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-X Notional(2) Variable(3) $25,000(4) $1,000(4) ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-R $100 5.50% $100 N/A ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-1 $4,447,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-2 $1,680,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-3 $1,087,000 5.50% $25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-4 $889,000 5.50% $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-5 $791,000 5.50% $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-6 $494,507 5.50% $100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class P $100.00 0%(5) $100 N/A ============================ ========================= ================= =================== ===================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac Residential Asset Securitization Trust 2005-A9)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. ~~The~~ As provided in this Agreement, the Trustee will elect that the Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ be treated for federal income tax purposes ~~will consist of two REMICs~~ as comprising a real estate mortgage investment conduit (the "~~Lower Tier REMIC" and the "Master~~ REMIC"). ~~Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions.~~ The ~~Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier~~ REMIC will hold as assets all property of the Trust ~~Fund. For federal income tax purposes~~Fund and will be evidenced by the Certificates and will represent the "regular interests" in the REMIC, ~~each Certificate (other than~~ and the Class A-R ~~Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC~~Certificates. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The ~~Lower Tier~~ REMIC The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ================================================================================================================= Integral Multiples Initial Class Pass-Through Minimum in Excess of Class Designation Certificate Balance Rate Denomination Minimum ----------------------------------------------------------------------------------------------------------------- Class A-1 $171,407,455 5.75% $ 25,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class A-2 $38,090,545 (1) $ 25,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class A-3 Notional(2) (3) $ 25,000(4) $1,000(4) ----------------------------------------------------------------------------------------------------------------- Class A-4 $4,000,000 5.75% $ 25,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class A-5 $25,000,000 5.50% $ 25,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class A-6 Notional(5) 0.25% $ 25,000(4) $1,000(4) ----------------------------------------------------------------------------------------------------------------- Class PO $863,244 N/A(6) $ 25,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class A-X Notional(7) Variable(8) $ 25,000(4) $1,000(4) ----------------------------------------------------------------------------------------------------------------- Class A-R $100 5.75% $ 100 N/A ----------------------------------------------------------------------------------------------------------------- Class B-1 $5,640,000 5.75% $ 25,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class B-2 $1,880,000 5.75% $ 25,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class B-3 $1,127,000 5.75% $ 25,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class B-4 $878,000 5.75% $ 100,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class B-5 $626,000 5.75% $ 100,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class B-6 $1,128,620 5.75% $ 100,000 $1,000 ----------------------------------------------------------------------------------------------------------------- Class P $100.00 0%(9) $ 100 N/A =================================================================================================================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2004-A1)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. ~~The~~ As provided in this Agreement, the Trustee will elect that the Trust Fund (~~exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to~~ other than the Class ~~P Certificates pursuant to the second paragraph of Section 3.20 hereof~~A-2 Rounding Account, Prepayment Reserve Fund and Relief Act Reserve Fund) be treated for federal income tax purposes ~~will consist of two REMICs~~ as a real estate mortgage investment conduit (the "~~Lower Tier REMIC" and the "Master~~ REMIC"). ~~Each Certificate, other than the Class A-R Certificate,~~ The Certificates will represent the entire beneficial ownership ~~of one or more regular interests~~ interest in the ~~Master REMIC for purposes~~ REMIC. The Classes of Certificates that are designated as the ~~REMIC Provisions~~Regular Certificates will constitute Regular Interests in the REMIC. The Class A-R ~~Certificate represents~~ Certificates will represent beneficial ownership of the ~~sole class of~~ residual interest in ~~each REMIC created hereunder. The Master REMIC will hold as assets~~ the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of all REMIC ~~regular interests~~ Regular Interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): ====================================================================================================================== Pass-Through Initial Class Rate Integral Multiples Class Designation Certificate Balance (per annum) Minimum Denomination in Excess of Minimum ---------------------------------------------------------------------------------------------------------------------- Class A-1 $406,803,900.00 5.25% $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-2 $15,000,000.00 5.20% $1,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-3 $10,000,000.00 5.25% $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-4 $42,500,000.00 5.25% $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-5 $8,248,000.00 5.25% $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class PO $2,093,936.00 (1) $25,000.00 $1,000.00 ---------------------------------------------------------------------------------------------------------------------- Class A-X Notional(2) Variable(3) $25,000.00(4) $1,000.00(4) ---------------------------------------------------------------------------------------------------------------------- Class A-R 100.00 5.25% $100.00 N/A ---------------------------------------------------------------------------------------------------------------------- Class B-1 $13,956,000.00 5.25% $25,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class B-2 $3,299,000.00 5.25% $25,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class B-3 $2,283,000.00 5.25% $25,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class B-4 $1,015,000.00 5.25% $100,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class B-5 $508,000.00 5.25% $100,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class B-6 $1,776,706.00 5.25% $100,000.00 $1,000 ---------------------------------------------------------------------------------------------------------------------- Class P 100.00 0.00%(5) $100.00 N/A ====================================================================================================================== ------------------------------------------

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2003 A10)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ for federal income tax purposes will consist of two REMICs (the "~~Lower Tier~~ Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC ~~created hereunder~~and the Master REMIC. The Master REMIC will hold as assets the ~~Lower Tier Regular Interests. The Lower Tier~~ several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Subsidiary REMIC Interest (other than the Class R-1 Interest) is hereby designated as a regular interest in the Subsidiary REMIC and each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. ~~All amounts~~ The Subsidiary REMIC The Subsidiary REMIC Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in ~~respect~~ the manner set forth in the following table: -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Class Initial Class Interest Allocation of ~~waived Prepayment Charges paid by the Servicer to the~~ Designation Principal Balance Rate Allocation of Interest Principal (1) ----------- ----------------- ---- ----------------------- ------------- -------------------------------------------------------------------------------------------------------------------- Class S-A-1 $106,813,929 4.50% Class A-1 Class A-1 -------------------------------------------------------------------------------------------------------------------- Class S-A-2 $29,131,071 8.00% Class A-2, A-3 Class A-2 -------------------------------------------------------------------------------------------------------------------- Class S-A-4 $73,048,000 5.25% Class A-4 Class A-4 -------------------------------------------------------------------------------------------------------------------- Class S-A-5 $5,753,000 5.25% Class A-5 Class A-5 -------------------------------------------------------------------------------------------------------------------- Class S-A-6 $3,000,000 5.25% Class A-6 Class A-6 -------------------------------------------------------------------------------------------------------------------- Class S-A-7 $25,512,000 5.25% Class A-7 Class A-7 -------------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X Class A-X -------------------------------------------------------------------------------------------------------------------- Class S-PO $385,093 N/A(4) N/A Class PO -------------------------------------------------------------------------------------------------------------------- Class S-B-1 $6,122,000 5.25% Class B-1 Class B-1 -------------------------------------------------------------------------------------------------------------------- Class S-B-2 $1,786,000 5.25% Class B-2 Class B-2 -------------------------------------------------------------------------------------------------------------------- Class S-B-3 $1,276,000 5.25% Class B-3 Class B-3 -------------------------------------------------------------------------------------------------------------------- Class S-B-4 $893,000 5.25% Class B-4 Class B-4 -------------------------------------------------------------------------------------------------------------------- Class S-B-5 $383,000 5.25% Class B-5 Class B-5 -------------------------------------------------------------------------------------------------------------------- Class S-B-6 $1,020,571 5.25% Class B-6 Class B-6 -------------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P ~~Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the~~ -------------------------------------------------------------------------------------------------------------------- Class ~~P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests:~~S-$100 $100 5.25% AR A-R --------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2004-A3)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund (exclusive of ~~any amounts in respect of waived Prepayment Charges paid by~~ the ~~Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof~~Yield Maintenance Agreements and Yield Maintenance Reserve Funds) for federal income tax purposes will consist of two REMICs (the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust ~~Fund~~Fund (exclusive of the Yield Maintenance Agreements and Yield Maintenance Reserve Funds). For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests:: ========================================================================================================== Class Principal Pass-Through Allocation of Allocation of Class Designation Balance Rate Interest Principal ---------------------------------------------------------------------------------------------------------- Class 1-1-A-1 (1) 5.50% Class 1-A-1, 1-A-2 Class 1-A-1 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-3 (1) 5.50% Class 1-A-3,1- A-4 Class 1-A-3 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-5 (1) 5.50% Class 1-A-5 Class 1-A-5 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-6 (1) 5.50% Class 1-A-6 Class 1-A-6 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-7 (1) 5.50% Class 1-A-7 Class 1-A-7 ---------------------------------------------------------------------------------------------------------- Class 1-1-A-8 (1) 5.50% Class 1-A-8 Class 1-A-8 ---------------------------------------------------------------------------------------------------------- Class 1-PO (1) 0.00% Class PO Class PO ---------------------------------------------------------------------------------------------------------- Class 1-1-A-X (1) Variable(2) Class A-X Class A-X ---------------------------------------------------------------------------------------------------------- Class 1-$100 (1) 5.50% Class A-R Class A-R ---------------------------------------------------------------------------------------------------------- Class 1-2-A-1 (1) 5.50% Class 2-A-1 Class 2-A-1 ---------------------------------------------------------------------------------------------------------- Class 1-2-A-2 (1) 5.50% Class 2-A-2 Class 2-A-2 ---------------------------------------------------------------------------------------------------------- Class 1-B-1 (1) 5.50% Class B-1 Class B-1 ---------------------------------------------------------------------------------------------------------- Class 1-B-2 (1) 5.50% Class B-2 Class B-2 ---------------------------------------------------------------------------------------------------------- Class 1-B-3 (1) 5.50% Class B-3 Class B-3 ---------------------------------------------------------------------------------------------------------- Class 1-B-4 (1) 5.50% Class B-4 Class B-4 ---------------------------------------------------------------------------------------------------------- Class 1-B-5 (1) 5.50% Class B-5 Class B-5 ---------------------------------------------------------------------------------------------------------- Class 1-B-6 (1) 5.50% Class B-6 Class B-6 ---------------------------------------------------------------------------------------------------------- Class 1-P (1) 0.00%(3) Class P Class P ========================================================================================================== ========================================================================================================== Class Principal Pass-Through Allocation of Allocation of Class Designation Balance Rate Interest Principal ---------------------------------------------------------------------------------------------------------- Class R-1(4) N/A N/A N/A N/A ==========================================================================================================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac RAST 2005-A13)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund (exclusive of ~~any amounts in respect of waived Prepayment Charges paid by~~ the ~~Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof~~Yield Maintenance Agreement and Yield Maintenance Reserve Fund) for federal income tax purposes will consist of two REMICs (the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreement and Yield Maintenance Reserve Fund). For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests:: ================================================================================ Class Principal Pass-Through Allocation Allocation of Class Designation Balance Rate of Interest Principal -------------------------------------------------------------------------------- Class 1-A-1 (1) 5.50% Class A-1 Class A-1 -------------------------------------------------------------------------------- Class 1-A-2 (1) 5.50% Class A-2 Class A-2 -------------------------------------------------------------------------------- Class 1-A-3 (1) 5.50% Class A-3 Class A-3 -------------------------------------------------------------------------------- Class 1-A-4 (1) 5.50% Class A-4 Class A-4 -------------------------------------------------------------------------------- Class 1-A-5 (1) 5.50% Class A-5 Class A-5 -------------------------------------------------------------------------------- Class 1-A-6 (1) 5.50% Class A-6, Class A-6 Class A-7 -------------------------------------------------------------------------------- Class 1-A-8 (1) 5.50% Class A-8, Class A-8 Class A-9 -------------------------------------------------------------------------------- Class 1-A-10 (1) 5.50% Class A-7, Class A-10 Class A-10, Class A-11 -------------------------------------------------------------------------------- Class 1-A-12 (1) 5.50% Class A-12 Class A-12 -------------------------------------------------------------------------------- Class 1-PO (1) 0.00% Class PO Class PO -------------------------------------------------------------------------------- Class 1-A-X (1) Variable(2) Class A-X Class A-X -------------------------------------------------------------------------------- Class 1-$100 (1) Variable(3) Class A-R Class A-R -------------------------------------------------------------------------------- Class 1-B-1 (1) 5.50% Class B-1 Class B-1 -------------------------------------------------------------------------------- Class 1-B-2 (1) 5.50% Class B-2 Class B-2 ================================================================================ ================================================================================ Class 1-B-3 (1) 5.50% Class B-3 Class B-3 -------------------------------------------------------------------------------- Class 1-B-4 (1) 5.50% Class B-4 Class B-4 -------------------------------------------------------------------------------- Class 1-B-5 (1) 5.50% Class B-5 Class B-5 -------------------------------------------------------------------------------- Class 1-B-6 (1) 5.50% Class B-6 Class B-6 -------------------------------------------------------------------------------- Class 1-B-7 (1) 5.50% Class B-7 Class B-7 -------------------------------------------------------------------------------- Class 1-B-8 (1) 5.50% Class B-8 Class B-8 -------------------------------------------------------------------------------- Class 1-B-9 (1) 5.50% Class B-9 Class B-9 -------------------------------------------------------------------------------- Class 1-P (1) 0.000%(4) Class P Class P -------------------------------------------------------------------------------- Class R-1(5) N/A N/A N/A N/A ================================================================================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac RAST 2005-A12)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. ~~The Trust Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof) for~~ For federal income tax ~~purposes~~ purposes, the Trust Fund will consist of two REMICs (the "~~Lower Tier~~ Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC ~~created hereunder~~and the Master REMIC. The Master REMIC will hold as assets the ~~Lower Tier Regular Interests. The Lower Tier~~ several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Subsidiary REMIC Interest (other than the Class R-1 Interest) is hereby designated as a regular interest in the Subsidiary REMIC and each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. ~~All amounts~~ The Subsidiary REMIC The Subsidiary REMIC Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in ~~respect~~ the manner set forth in the following table: -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of ~~waived Prepayment Charges paid by the Servicer to the~~ Class Designation Principal Balance Rate Allocation of Interest Principal (1) -------------------------------------------------------------------------------------------------------------------- Class S-A-1 $25,000,000 7.50% Class A-1, Class A-2 Class A-1 -------------------------------------------------------------------------------------------------------------------- Class S-A-3 $102,518,000 5.50% Class A-3 Class A-3 -------------------------------------------------------------------------------------------------------------------- Class S-A-4 $100,000,000 5.00% Class A-4 Class A-4 -------------------------------------------------------------------------------------------------------------------- Class S-A-5 $5,338,000 5.50% Class A-5 Class A-5 -------------------------------------------------------------------------------------------------------------------- Class S-A-6 $27,204,000 5.50% Class A-6 Class A-6 -------------------------------------------------------------------------------------------------------------------- Class S-A-7 $1,282,000 5.50% Class A-7 Class A-7 -------------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X N/A -------------------------------------------------------------------------------------------------------------------- Class S-PO $1,166,752 N/A(4) N/A Class PO -------------------------------------------------------------------------------------------------------------------- Class S-B-1 $6,184,000 5.50% Class B-1 Class B-1 -------------------------------------------------------------------------------------------------------------------- Class S-B-2 $2,061,000 5.50% Class B-2 Class B-2 -------------------------------------------------------------------------------------------------------------------- Class S-B-3 $1,374,000 5.50% Class B-3 Class B-3 -------------------------------------------------------------------------------------------------------------------- Class S-B-4 $1,099,000 5.50% Class B-4 Class B-4 -------------------------------------------------------------------------------------------------------------------- Class S-B-5 $1,099,000 5.50% Class B-5 Class B-5 -------------------------------------------------------------------------------------------------------------------- Class S-B-6 $552,862 5.50% Class B-6 Class B-6 -------------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P ~~Certificates pursuant to the second paragraph~~ -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of ~~Section 3.20 hereof will be treated as paid directly by the Servicer to the~~ Class ~~P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics~~ Designation Principal Balance Rate Allocation of ~~the Lower Tier Regular Interests:~~Interest Principal (1) -------------------------------------------------------------------------------------------------------------------- Class S-$100 $100 5.50% Class A-R Class A-R -------------------------------------------------------------------------------------------------------------------- R-1 N/A ▇/▇ ▇/▇ ▇/▇ --------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2005-A7)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ for federal income tax purposes will consist of two REMICs (the "~~Lower Tier~~ Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC ~~created hereunder~~and the Master REMIC. The Master REMIC will hold as assets the ~~Lower Tier Regular Interests. The Lower Tier~~ several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Subsidiary REMIC Interest (other than the Class R-1 Interest) is hereby designated as a regular interest in the Subsidiary REMIC and each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. ~~All amounts~~ The Subsidiary REMIC The Subsidiary REMIC Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in ~~respect~~ the manner set forth in the following table: ---------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of ~~waived Prepayment Charges paid by the Servicer to the~~ Class Designation Principal Balance Rate Allocation of Interest Principal (1) ----------------- ----------------- ---- ----------------------- ------------- ----------------------------------------------------------------------------------------------------------------------- Class S-A-1 $62,906,667 5.00% Class A-1 Class A-1 ----------------------------------------------------------------------------------------------------------------------- Class S-A-2 $12,581,333 8.00% Class ▇-▇, ▇-▇ Class A-2 ----------------------------------------------------------------------------------------------------------------------- Class S-A-4 $5,000,000 5.50% Class A-4 Class A-4 ----------------------------------------------------------------------------------------------------------------------- Class S-A-5 $17,000,000 5.50% Class A-5 Class A-5 ----------------------------------------------------------------------------------------------------------------------- Class S-A-6 $255,000 5.50% Class A-6 Class A-6 ----------------------------------------------------------------------------------------------------------------------- Class S-A-7 $14,618,000 5.50% Class A-7 Class A-7 ----------------------------------------------------------------------------------------------------------------------- Class S-A-8 $220,000 5.50% Class A-8 Class A-8 ----------------------------------------------------------------------------------------------------------------------- Class S-A-9 $9,100,000 5.50% Class A-9 Class A-9 ----------------------------------------------------------------------------------------------------------------------- Class S-A-10 $59,076,391 5.50% Class A-10 Class A-10 ----------------------------------------------------------------------------------------------------------------------- Class S-A-11 $9,750,000 5.50% Class A-11 Class A-11 ----------------------------------------------------------------------------------------------------------------------- Class S-A-12 $3,000,000 5.50% Class A-12 Class A-12 ----------------------------------------------------------------------------------------------------------------------- Class S-A-13 $23,889,709 8.00% Class ▇-▇▇, ▇-▇▇ ▇▇▇▇▇ ▇-▇▇, ▇-▇▇ ----------------------------------------------------------------------------------------------------------------------- Class S-A-15 $21,500,000 5.50% Class A-15 Class A-15 ----------------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X Class A-X ----------------------------------------------------------------------------------------------------------------------- Class S-PO $385,093 N/A(4) N/A Class PO ----------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of Class Designation Principal Balance Rate Allocation of Interest Principal (1) ----------------- ----------------- ---- ----------------------- ------------- ----------------------------------------------------------------------------------------------------------------------- Class S-B-1 $8,794,000 5.75% Class B-1 Class B-1 ----------------------------------------------------------------------------------------------------------------------- Class S-B-2 $1,784,000 5.75% Class B-2 Class B-2 ----------------------------------------------------------------------------------------------------------------------- Class S-B-3 $1,020,000 5.75% Class B-3 Class B-3 ----------------------------------------------------------------------------------------------------------------------- Class S-B-4 $764,000 5.75% Class B-4 Class B-4 ----------------------------------------------------------------------------------------------------------------------- Class S-B-5 $383,000 5.75% Class B-5 Class B-5 ----------------------------------------------------------------------------------------------------------------------- Class S-B-6 $638,352 5.75% Class B-6 Class B-6 ----------------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P ~~Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the~~ ----------------------------------------------------------------------------------------------------------------------- Class ~~P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests:~~S-$100 $100 5.75% Class A-R Class A-R ----------------------------------------------------------------------------------------------------------------------- ▇-▇ ▇/▇ ▇/▇ ▇/▇ ▇/▇ -----------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Indymac MBS Inc)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. ~~The~~ As provided in this Agreement, the Trustee shall elect that the Trust Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section ~~3.20 hereof~~3.20) be treated for federal income tax purposes ~~will consist of two REMICs~~ as comprising one real estate mortgage investment conduit (~~the "Lower Tier REMIC" and~~ the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R ~~Certificate~~ represents ownership of the sole class of residual interest in each REMIC created ~~hereunder~~under this Agreement. The Master ~~REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier~~ REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 ~~hereof~~ will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The ~~Lower Tier~~ Master REMIC The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): ======================= ======================== ===================== ==================== ======================== Initial Class Pass-Through Minimum Integral Multiples in Class Designation Certificate Balance Rate Denomination Excess of Minimum Class A-1 $100,000,000.00 Variable(1) $ 100,000 $1,000 Class A-2 $28,142,100.00 Variable(1) $ 100,000 $1,000 Class A-3 $98,574,000.00 Variable(1) $ 100,000 $1,000 Class A-4 $10,927,000.00 Variable(1) $ 100,000 $1,000 Class A-5 $43,777,900.00 Variable(1) $ 100,000 $1,000 Class A-R $100.00 (1) $ 100 N/A Class B-1 $7,247,000.00 Variable(1) $ 100,000 $1,000 Class B-2 $4,680,000.00 Variable(1) $ 100,000 $1,000 Class B-3 $2,869,000.00 Variable(1) $ 100,000 $1,000 Class B-4 $3,623,000.00 Variable(1) $ 100,000 $1,000 Class B-5 $1,208,000.00 Variable(1) $ 100,000 $1,000 Class B-6 $906,264.00 Variable(1) $ 100,000 $1,000 Class P $100.00 0%(2) $ 100 N/A ======================= ======================== ===================== ==================== ========================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar31)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund (exclusive of the Yield Maintenance Agreement, Yield Maintenance Reserve Fund and any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof) for federal income tax purposes will consist of ~~two~~ three REMICs (the "Lower Tier REMIC," the "Middle Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreement and Yield Maintenance Reserve Fund). For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests:: ========================================= ================== ================== ================= Initial Principal Pass-Through Corresponding REMIC 1 Interests Balance Rate Loan Group ----------------- ------- ---- ---------- ----------------------------------------- ------------------ ------------------ ----------------- A-1 (0.9% of AB Loan Group 1) (1) Variable(2) 1 ----------------------------------------- ------------------ ------------------ ----------------- B-1 (0.1% of AB Loan Group 1) (1) Variable(2) 1 ----------------------------------------- ------------------ ------------------ ----------------- C-1 (Excess of Loan Group 1) (1) Variable(2) 1 ----------------------------------------- ------------------ ------------------ ----------------- A-2 (0.9% of AB Loan Group 2) (1) 6.00% 2 ----------------------------------------- ------------------ ------------------ ----------------- B-2 (0.1% of AB Loan Group 2) (1) 6.00% 2 ----------------------------------------- ------------------ ------------------ ----------------- C-2 (Excess of Loan Group 2) (1) 6.00% 2 ----------------------------------------- ------------------ ------------------ ----------------- X-2 (1) (1) 2 ----------------------------------------- ------------------ ------------------ ----------------- PO-2 (1) 0.00% 2 ----------------------------------------- ------------------ ------------------ ----------------- 1-P $100 (3) N/A ----------------------------------------- ------------------ ------------------ ----------------- R-1 (4) (4) N/A ========================================= ================== ================== =================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A4ip)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof) for federal income tax purposes will consist of ~~two~~ three REMICs (~~the~~ "~~Lower Tier REMIC~~REMIC 1," "REMIC 2" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the ~~Lower Tier~~ REMIC 2 Regular Interests. ~~The Lower Tier~~ REMIC 2 will hold as assets the REMIC 1 Regular Interests. REMIC 1 will hold as assets all property of the Trust ~~Fund~~Fund other than the interests in any REMIC described hereunder. For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each ~~Lower Tier~~ REMIC 1 Regular Interest and REMIC 2 Regular Interest, as defined below, is designated as a regular interest in ~~the Lower Tier REMIC~~REMIC 1 and REMIC 2, respectively. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. REMIC 1 The ~~Lower Tier~~ REMIC ~~The~~ 1 Regular Interests will have the initial principal balance, Pass-Through Rates and corresponding Loan Groups as set forth in the following ~~table sets forth characteristics of the Lower Tier Regular Interests~~table:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A16)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund (exclusive of ~~any amounts in respect of waived Prepayment Charges paid by~~ the ~~Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof~~Yield Maintenance Agreement and Yield Maintenance Reserve Fund) for federal income tax purposes will consist of two REMICs (the "Lower Tier REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created hereunder. The Master REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier REMIC will hold as assets all property of the Trust Fund (exclusive of the Yield Maintenance Agreement and Yield Maintenance Reserve Fund). For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The ~~Lower Tier~~ Master REMIC The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): ======================== ==================== ================= ================ =============== Integral Multiples in Initial Class Pass-Through Minimum Excess of Class Designation Certificate Balance Rate Denomination Minimum ------------------------ -------------------- ----------------- ---------------- --------------- Class A-1 $40,804,000.00 Variable(1) $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-2 Notional(2) Variable(3) $ 25,000(4) $1,000(4) ------------------------ -------------------- ----------------- ---------------- --------------- Class A-3 $8,279,000.00 5.500% $ 1,000 $1.00 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-4 $11,817,000.00 5.500% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-5 $10,100,000.00 5.500% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-6 $236,444,299.00 5.000% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-7 $41,725,463.00 Variable(5) $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-8 Notional(6) Variable(7) $ 25,000(4) $1,000(4) ------------------------ -------------------- ----------------- ---------------- --------------- Class A-9 $10,000,000.00 5.375% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-10 $25,368,862.00 5.375% $ 25,000(4) $1,000(4) ------------------------ -------------------- ----------------- ---------------- --------------- Class A-11 $80,047,155.00 6.000% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-12 $6,650,000.00 5.375% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-13 $30,000,000.00 Variable(1) $ 25,000 $1,000 ======================== ==================== ================= ================ =============== ======================== ==================== ================= ================ =============== Integral Multiples in Initial Class Pass-Through Minimum Excess of Class Designation Certificate Balance Rate Denomination Minimum ------------------------ -------------------- ----------------- ---------------- --------------- Class PO $1,680,895.00 N/A(8) $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class A-X Notional(9) Variable(10) $ 25,000(4) $1,000(4) ------------------------ -------------------- ----------------- ---------------- --------------- Class A-R $100.00 5.500% $ 100 N/A ------------------------ -------------------- ----------------- ---------------- --------------- Class B-1 $10,006,000.00 5.500% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class B-2 $4,740,000.00 5.500% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class B-3 $2,896,000.00 5.500% $ 25,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class B-4 $2,633,000.00 5.500% $ 100,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class B-5 $2,106,000.00 5.500% $ 100,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class B-6 $1,316,650.71 5.500% $ 100,000 $1,000 ------------------------ -------------------- ----------------- ---------------- --------------- Class P $100.00 0.00%(11) $ 100 N/A ======================== ==================== ================= ================ ===============

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2005-A8cb)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to Section 3.20(b) and any amounts in respect of waived Late Payment Fees paid by the ~~second paragraph of~~ Servicer to the Class L Certificates pursuant to Section ~~3.20 hereof~~3.21(b)) for federal income tax purposes will consist of ~~two REMICs~~ one REMIC (~~the "Lower Tier REMIC" and~~ the "Master REMIC"). Each Certificate, other than the Class A-R ~~Certificate~~and Class L Certificates, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created ~~hereunder~~under this Agreement. The Master ~~REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier~~ REMIC will hold as assets all property of the Trust ~~Fund~~Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to Section 3.20(b) and any amounts in respect of waived Late Payment Fees paid by the Servicer to the Class L Certificates pursuant to Section 3.21(b)). For federal income tax purposes, each Certificate (other than the Class A-R ~~Certificate~~and Class L Certificates) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to ~~the second paragraph of~~ Section ~~3.20 hereof~~ 3.20(b) will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC under this Agreement. All amounts in respect of waived Late Payment Fees paid by the Servicer to the Class L Certificates will be treated as paid directly by the Servicer to the Class L Certificates pursuant to Section 3.21(b) and not as paid by or through any REMIC created ~~hereunder~~under this Agreement or by or through the Grantor Trust described in this Agreement. The ~~Lower Tier~~ Master REMIC The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that the Class B-6 Certificates may be issued in a different amount): ====================================================================================================================== Integral Initial Class Certificate Minimum Multiples in Class Designation Balance Pass-Through Rate Denomination Excess of Minimum ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-1 $94,341,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-2 $7,813,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-3 $71,906,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-4 $20,282,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-5 $6,674,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-6 $402,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-7 $45,554,000 6.00% $ 25,000 $1 ====================================================================================================================== ====================================================================================================================== Class A-8 $4,801,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class PO $2,203,478 N/A (1) $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-X $164,610,186 (2) (3) $ 25,000 (4) $1 (4) ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class A-R $100 6.00% $ 100 N/A ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-1 $3,807,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-2 $1,575,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-3 $1,050,000 6.00% $ 25,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-4 $919,000 6.00% $ 100,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-5 $656,000 6.00% $ 100,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class B-6 $525,489.33 6.00% $ 100,000 $1 ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class P $100 N/A(5) $ 100 N/A ---------------------------- ---------------------------- -------------------- ------------------- ------------------- Class L N/A N/A(6) (6) (6) ======================================================================================================================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac IMJA Mortgage Loan Trust 2007-A1)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T [SUBJECT TO REVIEW BY SAB&W TAX ATTORNEYS] The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ for federal income tax purposes will consist of two REMICs (the "~~Lower Tier~~ Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC ~~created hereunder~~and the Master REMIC. The Master REMIC will hold as assets the ~~Lower Tier Regular Interests. The Lower Tier~~ several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Subsidiary REMIC Interest (other than the Class R-1 Interest) is hereby designated as a regular interest in the Subsidiary REMIC and each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. ~~All amounts~~ The Subsidiary REMIC The Subsidiary REMIC Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in ~~respect~~ the manner set forth in the following table: -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of ~~waived Prepayment Charges paid by the Servicer to the~~ Class Designation Principal Balance Rate Allocation of Interest Principal (1) -------------------------------------------------------------------------------------------------------------------- Class S-A-1 $152,593,000 5.50% Class A-1 Class A-1 -------------------------------------------------------------------------------------------------------------------- Class S-A-2 $7,262,600 5.50% Class A-2, A-3 Class A-2 -------------------------------------------------------------------------------------------------------------------- Class S-A-3 $44,404,400 7.45% Class A-3, A-4, A-5 Class A-3, A-4, ▇-▇ -------------------------------------------------------------------------------------------------------------------- Class S-A-6 $17,762,000 5.50% Class A-6 Class A-6 -------------------------------------------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X Class A-X -------------------------------------------------------------------------------------------------------------------- Class S-PO $2,548,240 N/A(4) N/A Class PO -------------------------------------------------------------------------------------------------------------------- Class S-B-1 $5,879,000 6.00% Class B-1 Class B-1 -------------------------------------------------------------------------------------------------------------------- Class S-B-2 $1,646,000 6.00% Class B-2 Class B-2 -------------------------------------------------------------------------------------------------------------------- Class S-B-3 $941,000 6.00% Class B-3 Class B-3 -------------------------------------------------------------------------------------------------------------------- Class S-B-4 $940,000 6.00% Class B-4 Class B-4 -------------------------------------------------------------------------------------------------------------------- Class S-B-5 $353,000 6.00% Class B-5 Class B-5 -------------------------------------------------------------------------------------------------------------------- Class S-B-6 $824,262 6.00% Class B-6 Class B-6 -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- Class Subsidiary REMIC Initial Class Interest Allocation of Class Designation Principal Balance Rate Allocation of Interest Principal (1) -------------------------------------------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P ~~Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the~~ -------------------------------------------------------------------------------------------------------------------- Class ~~P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests:~~S-$100 $100 6.00% Class A-R Class A-R -------------------------------------------------------------------------------------------------------------------- R-1 N/A ▇/▇ ▇/▇ ▇/▇ --------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2004-A7)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ for federal income tax purposes will consist of ~~two REMICs~~ one REMIC (~~the "Lower Tier REMIC" and~~ the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in ~~each REMIC created hereunder~~the Master REMIC. The Master ~~REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier~~ REMIC will hold as assets all property of the Trust ~~Fund~~Fund (other than the Pre-Funding Account and the Capitalized Interest Account). For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The ~~Lower Tier~~ Master REMIC The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): ============================ ========================= ================= =================== ==================== Integral Multiples in Initial Class Pass-Through Minimum Excess of Class Designation Certificate Balance Rate Denomination Minimum ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-1 $328,508,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-2 $1,844,614.00 5.50% $ 1,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-3 $50,000,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class PO $647,285.07 N/A(1) $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-X Notional(2) Variable(3) $ 25,000(4) $1,000(4) ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class A-R $100.00 5.50% $ 100 N/A ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-1 $9,000,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-2 $3,600,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-3 $2,000,000.00 5.50% $ 25,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-4 $2,000,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-5 $1,400,000.00 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class B-6 $1,000,000.93 5.50% $ 100,000 $1,000 ---------------------------- ------------------------- ----------------- ------------------- ------------------- Class P $100 N/A(5) $ 100 N/A ============================ ========================= ================= =================== ===================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac MBS, Inc. Residential Asset Securitization Trust 2005-A1)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section ~~3.20 hereof~~3.20) for federal income tax purposes will consist of ~~two REMICs~~ one REMIC (~~the "Lower Tier REMIC" and~~ the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in ~~each REMIC created hereunder~~the Master REMIC. The Master ~~REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier~~ REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 ~~hereof~~ will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The ~~Lower Tier~~ Master REMIC The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): ============================= ========================== ==================== ==================== =================== Integral Initial Class Minimum Multiples in Class Designation Certificate Balance Pass-Through Rate Denomination Excess of Minimum ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class A-1 $377,768,000 6.25% $ [25,000 $1,000 ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class A-X Notional (2) 6.50% $ 25,000(3) $1,000(3) ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class A-R $100 6.25% $ 100 N/A ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class PO $1,215,534 N/A(1) $ 25,000 $1,000 ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class B-1 $8,645,000 6.25% $ 25,000 $1,000 ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class B-2 $4,825,000 6.25% $ 25,000 $1,000 ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class B-3 $2,815,000 6.25% $ 25,000 $1,000 ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class B-4 $3,016,000 6.25% $ 100,000 $1,000 ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class B-5 $2,211,000 6.25% $ 100,000 $1,000 ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class B-6 $1,609,180 6.25% $ 100,000] $1,000 ----------------------------- -------------------------- -------------------- -------------------- ------------------- Class P $100 N/A(4) $ 100 N/A ============================= ========================== ==================== ==================== ===================

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A13)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund ~~(exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to the second paragraph of Section 3.20 hereof)~~ for federal income tax purposes will consist of two REMICs (the "~~Lower Tier~~ Subsidiary REMIC" and the "Master REMIC"). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each of the Subsidiary REMIC ~~created hereunder~~and the Master REMIC. The Master REMIC will hold as assets the ~~Lower Tier Regular Interests. The Lower Tier~~ several classes of uncertificated Subsidiary REMIC Interests (other than the Class R-1 Interest) and the Subsidiary REMIC will hold as assets all property of the Trust Fund. For federal income tax purposes, each Subsidiary REMIC Interest (other than the Class R-1 Interest) is hereby designated as a regular interest in the Subsidiary REMIC and each Certificate (other than the Class A-R Certificate) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created ~~in this Agreement~~ herein shall be the Latest Possible Maturity Date. ~~All amounts~~ The Subsidiary REMIC The Subsidiary REMIC Regular Interests, each of which is hereby designated a REMIC regular interest for federal income tax purposes, shall have the following principal balances, pass-through rates and Corresponding Classes of Certificates in ~~respect~~ the manner set forth in the following table: -------------------------------------------------------------------------------- Initial Class Class Subsidiary REMIC Principal Interest Allocation of ~~waived Prepayment Charges paid by the Servicer to the~~ Allocation Class Designation Balance Rate Interest of Principal (1) ----------------- ------- ---- --------- ---------------- -------------------------------------------------------------------------------- Class S-A-1 $170,444,455 5.25% Class A-1 Class A-1 -------------------------------------------------------------------------------- Class S-A-2 $17,044,445 8.00% Class A-2, A-3 Class A-2 -------------------------------------------------------------------------------- Class S-A-4 $7,600,000 5.50% Class A-4 Class A-4 -------------------------------------------------------------------------------- Class S-A-5 $24,085,100 8.00% Class A-5, A-6 Class A-5 -------------------------------------------------------------------------------- Class S-A-7 $19,706,000 5.50% Class A-7 Class A-7 -------------------------------------------------------------------------------- Class S-A-8 $1,971,000 5.50% Class A-8 Class A-8 -------------------------------------------------------------------------------- Class S-A-X (2) (3) Class A-X N/A -------------------------------------------------------------------------------- Class S-PO $1,467,724 N/A(4) N/A Class PO -------------------------------------------------------------------------------- Class S-B-1 $6,344,000 5.75% Class B-1 Class B-1 -------------------------------------------------------------------------------- Class S-B-2 $1,903,000 5.75% Class B-2 Class B-2 -------------------------------------------------------------------------------- Class S-B-3 $1,015,000 5.75% Class B-3 Class B-3 -------------------------------------------------------------------------------- Class S-B-4 $761,000 5.75% Class B-4 Class B-4 -------------------------------------------------------------------------------- Class S-B-5 $507,000 5.75% Class B-5 Class B-5 -------------------------------------------------------------------------------- Class S-B-6 $888,900 5.75% Class B-6 Class B-6 -------------------------------------------------------------------------------- Class S-P(5) $100 N/A N/A Class P Certificates pursuant to the second paragraph of Section 3.20 hereof will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC created hereunder. The Lower Tier REMIC The following table sets forth characteristics of the Lower Tier Regular Interests:-------------------------------------------------------------------------------- --------------------------------------------------------------------------------

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac RAST 2004-A8)

W I T N E S S E T H T H A T. In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to Section 3.20(b) and any amounts in respect of waived Late Payment Fees paid by the ~~second paragraph of~~ Servicer to the Class L Certificates pursuant to Section ~~3.20 hereof~~3.21(b)) for federal income tax purposes will consist of ~~two REMICs~~ one REMIC (the ~~"Lower Tier REMIC" and the "~~“Master REMIC"”). Each Certificate, other than the Class A-R ~~Certificate~~and Class L Certificates, will represent ownership of one or more regular interests in the Master REMIC for purposes of the REMIC Provisions. The Class A-R Certificate represents ownership of the sole class of residual interest in each REMIC created ~~hereunder~~under this Agreement. The Master ~~REMIC will hold as assets the Lower Tier Regular Interests. The Lower Tier~~ REMIC will hold as assets all property of the Trust ~~Fund~~Fund (exclusive of any amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to Section 3.20(b) and any amounts in respect of waived Late Payment Fees paid by the Servicer to the Class L Certificates pursuant to Section 3.21(b)). For federal income tax purposes, each Certificate (other than the Class A-R ~~Certificate~~and Class L Certificates) is hereby designated as a regular interest in the Master ~~REMIC and each Lower Tier Regular Interest, as defined below, is designated as a regular interest in the Lower Tier~~ REMIC. The latest possible maturity date of all REMIC regular interests created in this Agreement shall be the Latest Possible Maturity Date. All amounts in respect of waived Prepayment Charges paid by the Servicer to the Class P Certificates pursuant to ~~the second paragraph of~~ Section ~~3.20 hereof~~ 3.20(b) will be treated as paid directly by the Servicer to the Class P Certificates and not as paid by or through any REMIC under this Agreement. All amounts in respect of waived Late Payment Fees paid by the Servicer to the Class L Certificates will be treated as paid directly by the Servicer to the Class L Certificates pursuant to Section 3.21(b) and not as paid by or through any REMIC created ~~hereunder~~under this Agreement or by or through the Grantor Trust described in this Agreement. ~~The Lower Tier REMIC~~ The following table sets forth characteristics of the ~~Lower Tier Regular Interests:~~Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): Class A-1 $ 38,257,000.00 6.00 % $ 25,000 $ 1,000 Class A-2 $ 180,140,000.00 6.00 % $ 25,000 $ 1,000 Class A-3 $ 26,445,000.00 6.00 % $ 25,000 $ 1,000 Class A-4 $ 55,778,000.00 6.00 % $ 25,000 $ 1,000 Class A-5 $ 6,197,000.00 6.00 % $ 25,000 $ 1,000 Class A-6 $ 75,748,000.00 6.00 % $ 25,000 $ 1,000 Class A-7 $ 42,506,900.00 6.00 % $ 25,000 $ 1,000 Class PO $ 985,942 N/A (1) $ 25,000 $ 1,000 Class A-X $ 408,635,976.00 (2) (3 ) $ 25,000 (4) $ 1,000 (4) Class A-R $ 100.00 6.00 % $ 100 N/A Class B-1 $ 12,043,000.00 6.00 % $ 100,000 $ 1,000 Class B-2 $ 5,453,000.00 6.00 % $ 100,000 $ 1,000 Class B-3 $ 3,181,000.00 6.00 % $ 100,000 $ 1,000 Class B-4 $ 3,181,000.00 6.00 % $ 100,000 $ 1,000 Class B-5 $ 2,726,000.00 6.00 % $ 100,000 $ 1,000 Class B-6 $ 1,820,485.55 6.00 % $ 100,000 $ 1,000 Class P $ 100 N/A(5) $ 100 N/A Class L N/A N/A(6) (6 ) (6 )

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A7)

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