Common use of ACCEPTANCE BY GRANTOR TRUSTEE Clause in Contracts

ACCEPTANCE BY GRANTOR TRUSTEE. The Grantor Trustee hereby acknowledges the delivery to it, through book entry registration in its name as Grantor Trustee hereunder, of the Underlying Notes and declares that it holds and will hold such Underlying Notes and all other assets and documents included in the Trust, in trust, upon the trusts herein set forth, for the exclusive use and benefit of all present and future applicable Certificateholders in accordance with the terms of this Agreement.

ACCEPTANCE BY GRANTOR TRUSTEE. The Grantor Trustee hereby acknowledges the delivery to it, through book entry registration in its name as Grantor Trustee hereunder, of the Underlying Notes and declares that it holds and will hold such Underlying Notes and all other assets and documents included in the Grantor Trust, in trust, upon the trusts herein set forth, for the exclusive use and benefit of all present and future applicable Certificateholders in accordance with the terms of this Agreement.