Common use of Acceptance by Indenture Trustee; Certain Substitution of Mortgage Loans Clause in Contracts

Acceptance by Indenture Trustee; Certain Substitution of Mortgage Loans. (a) The Indenture Trustee shall, at such time as there are no Notes outstanding and all sums due to (i) the Indenture Trustee or any agent or counsel thereof pursuant to the Indenture, (ii) the Indenture Trustee pursuant to this Agreement and (iii) the Insurer pursuant to the Insurance Agreement have been paid, release any portions of the Trust Property to the Issuer in accordance with the provisions of Sections 2.8 and 8.2 of the Indenture.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Greenpoint Mortgage Securities LLC), Sale and Servicing Agreement (Greenpoint Mortgage Securities LLC), Sale and Servicing Agreement (GreenPoint Home Equity Loan Trust 2004-4)

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Acceptance by Indenture Trustee; Certain Substitution of Mortgage Loans. (a) The Indenture Trustee shall, at such time as there are no Notes outstanding and all sums due to (i) the Indenture Trustee or any agent or counsel thereof pursuant to the Indenture, (ii) the Indenture Trustee pursuant to this Agreement and (iii) the Insurer pursuant to the Insurance Agreement have been paid, release any portions remaining portion of the Trust Property to the Issuer in accordance with Sponsor; provided, that the provisions of Sections 2.8 and 8.2 release of the IndentureReserve Fund is subject to Section 2.05 of the Insurance Agreement.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Greenpoint Mortgage Securities Inc/), Sale and Servicing Agreement (Greenpoint Mortgage Securities Inc/), Sale and Servicing Agreement (Greenpoint Mortgage Securities Inc/)

Acceptance by Indenture Trustee; Certain Substitution of Mortgage Loans. (a) The Indenture Trustee shall, at such time as there are no Notes Bonds outstanding and all sums due to (i) the Indenture Trustee or any agent or counsel thereof pursuant to the Indenture, (ii) the Indenture Trustee pursuant to this Agreement and (iii) the Insurer pursuant to the Insurance Agreement have been paid, release any portions remaining portion of the Trust Property to the Issuer in accordance with the provisions of Sections 2.8 and 8.2 of the IndentureDepositor.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Sequoia Mortgage Funding Corp), Sale and Servicing Agreement (Sequoia Residential Funding Inc)

Acceptance by Indenture Trustee; Certain Substitution of Mortgage Loans. (a) The Indenture Trustee shall, at such time as there are no Notes outstanding and all sums due to (i) the Indenture Trustee or any agent or counsel thereof pursuant to the Indenture, (ii) the Indenture Trustee pursuant to this Agreement and (iii) the Insurer pursuant to the Insurance Agreement have been paid, release any portions remaining portion of the Trust Property to the Issuer in accordance with the provisions of Sections 2.8 and 8.2 of the IndentureIssuer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Greenpoint Mortgage Securities LLC)

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Acceptance by Indenture Trustee; Certain Substitution of Mortgage Loans. (a) The Indenture Trustee shall, at such time as there are no Notes Securities outstanding and all sums due to (i) the Indenture Trustee or any agent or counsel thereof pursuant to the Indenture, (ii) the Indenture Trustee pursuant to this Agreement and (iii) the Insurer pursuant to the Insurance Agreement Agreement, have been paid, release any portions remaining portion of the Trust Property to the Issuer in accordance with Sponsor; provided, that the provisions of Sections 2.8 and 8.2 release of the Indenture.Reserve fund is subject to Section 2.05

Appears in 1 contract

Samples: Sale and Servicing Agreement (Greenpoint Home Equity Loan Trust 1999 2)

Acceptance by Indenture Trustee; Certain Substitution of Mortgage Loans. (a) The Indenture Trustee shall, at such time as there are no Notes or Class S Certificates outstanding and all sums due to (i) the Indenture Trustee or any agent or counsel thereof pursuant to the Indenture, (ii) the Indenture Trustee pursuant to this Agreement and (iii) the Insurer pursuant to the Insurance Agreement have been paid, release any portions remaining portion of the Trust Property to the Issuer in accordance with the provisions of Sections 2.8 and 8.2 of the IndentureSponsor.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Greenpoint Mortgage Securities Inc/)

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