Common use of ACCEPTANCE BY GRANTOR TRUSTEE Clause in Contracts

ACCEPTANCE BY GRANTOR TRUSTEE. The Grantor Trustee acknowledges receipt subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, by the respective Custodian as the duly appointed agent of the Grantor Trustee, of the Related Documents to the extent delivered to the Custodian and declares that it, or a Custodian as its agent, holds and will hold such documents and the other documents constituting a part of the Mortgage Files delivered to it, or a Custodian as its agent, in trust for the use and benefit of all present and future Grantor Trust Certificateholders. The Grantor Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees, for the benefit of Grantor Trust Certificateholder, to review each Mortgage File delivered to it within 90 days after the Closing Date to ascertain that all required documents have been executed and received, and that such documents relate to the Home Loans identified on the Home Loan Schedule, as supplemented, that have been conveyed to it. Upon delivery of the Mortgage Files by the Depositor or the Master Servicer, the Grantor Trustee shall acknowledge receipt (or, with respect to Home Loans subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, receipt by the respective Custodian as the duly appointed agent of the Grantor Trustee) of the Related Documents. The Grantor Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees to review each Mortgage File delivered to it within 90 days after receipt thereof to ascertain that all documents required to be delivered pursuant to Section 2.01(b) have been received, and that such documents relate to the Home Loans identified on the Home Loan Schedule, as supplemented, that have been conveyed to it.

ACCEPTANCE BY GRANTOR TRUSTEE. The Grantor Trustee acknowledges receipt subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, by the respective Custodian as the duly appointed agent of the Grantor Trustee, of the Related Documents to the extent delivered to the Custodian and declares that it, or a Custodian as its agent, holds and will hold such documents and the other documents constituting a part of the Mortgage Files delivered to it, or a Custodian as its agent, in trust for the use and benefit of all present and future Grantor Trust Certificateholders. The Grantor Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees, for the benefit of Grantor Trust Certificateholder, to review each Mortgage File delivered to it within 90 45 days after the Closing Date to ascertain that all required documents have been executed and received, and that such documents relate to the Home Loans identified on the Home Loan Schedule, as supplemented, that have been conveyed to it. Upon delivery of the Mortgage Files by the Depositor or the Master Servicer, the Grantor Trustee shall acknowledge receipt (or, with respect to Home Loans subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, receipt by the respective Custodian as the duly appointed agent of the Grantor Trustee) of the Related Documents. The Grantor Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees to review each Mortgage File delivered to it within 90 45 days after receipt thereof to ascertain that all documents required to be delivered pursuant to Section 2.01(b) have been received, and that such documents relate to the Home Loans identified on the Home Loan Schedule, as supplemented, that have been conveyed to it.

ACCEPTANCE BY GRANTOR TRUSTEE. The Grantor Trustee acknowledges receipt subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, by the respective Custodian as the duly appointed agent of the Grantor Trustee, of the Related Documents to the extent delivered to the Custodian and declares that it, or a Custodian as its agent, holds and will hold such documents and the other documents constituting a part of the Mortgage Loan Files delivered to it, or a Custodian as its agent, in trust for the use and benefit of all present and future Grantor Trust Certificateholders. The Grantor Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees, for the benefit of Grantor Trust CertificateholderCertificateholders, to review each Mortgage Loan File delivered to it within 90 45 days after the Closing Date to ascertain that all required documents have been executed and received, and that such documents relate to the Home Loans identified on the Home Loan Schedule, as supplemented, that have been conveyed to it. Upon delivery of the Mortgage Loan Files by the Depositor or the Master Servicer, the Grantor Trustee shall acknowledge receipt (or, with respect to Home Loans subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, receipt by the respective Custodian as the duly appointed agent of the Grantor Trustee) of the Related Documents. The Grantor Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees to review each Mortgage Loan File delivered to it within 90 45 days after receipt thereof to ascertain that all documents required to be delivered pursuant to Section 2.01(b) have been received, and that such documents relate to the Home Loans identified on the Home Loan Schedule, as supplemented, that have been conveyed to it.

ACCEPTANCE BY GRANTOR TRUSTEE. The Grantor Trustee acknowledges receipt subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, by the respective Custodian as the duly appointed agent of the Grantor Trustee, of the Related Documents to the extent delivered to the Custodian and declares that it, or a Custodian as its agent, holds and will hold such documents and the other documents constituting a part of the Mortgage Files delivered to it, or a Custodian as its agent, in trust for the use and benefit of all present and future Grantor Trust Certificateholders. The Grantor Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees, for the benefit of Grantor Trust CertificateholderCertificateholders, to review each Mortgage Loan File delivered to it within 90 45 days after the Closing Date to ascertain that all required documents have been executed and received, and that such documents relate to the Home Loans identified on the Home Loan Schedule, as supplemented, that have been conveyed to it. Upon delivery of the Mortgage Loan Files by the Depositor or the Master Servicer, the Grantor Trustee shall acknowledge receipt (or, with respect to Home Loans subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, receipt by the respective Custodian as the duly appointed agent of the Grantor Trustee) of the Related Documents. The Grantor Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees to review each Mortgage Loan File delivered to it within 90 45 days after receipt thereof to ascertain that all documents required to be delivered pursuant to Section 2.01(b) have been received, and that such documents relate to the Home Loans identified on the Home Loan Schedule, as supplemented, that have been conveyed to it.