Common use of Acceptance by Indenture Trustee Clause in Contracts

Acceptance by Indenture Trustee. (a) The Indenture Trustee hereby acknowledges its receipt of the Insurance Policy and the sale and assignment of the Mortgage Loans and, subject to the review provided for in Section 2.01, declares that, when delivered to the Indenture Trustee, or the Custodian on its behalf, in accordance with Section 2.01(b), the Indenture Trustee, or the Custodian on its behalf will hold the documents constituting the Mortgage Files, and that all amounts received by it under the Indenture in trust, upon the terms herein set forth, for the use and benefit of all present and future Class A Noteholders and the Insurer.

Acceptance by Indenture Trustee. (a) The Indenture Trustee hereby acknowledges its receipt of the Insurance Policy and the sale and assignment of the Mortgage Loans and, subject to the review provided for in Section 2.01, declares that, when delivered to the Indenture Trustee, or the Custodian on its behalf, in accordance with Section 2.01(b), the Indenture Trustee, or the Custodian on its behalf will hold the documents constituting the Mortgage Files, and that all amounts received by it under the Indenture in trust, upon the terms herein set forth, for the use and benefit of all present and future Class A Noteholders and the Insurer.

Acceptance by Indenture Trustee. (a) The Indenture Trustee hereby acknowledges its receipt of the Insurance Policy and the sale and assignment of the Mortgage Loans Loans, and, subject to the review provided for in Section 2.01, and declares that, when delivered to the Indenture Trustee, or the Custodian on its behalf, Trustee in accordance with Section 2.01(b), ) the Indenture Trustee, or the Custodian on its behalf Trustee will hold the documents constituting the Mortgage Files, and that all amounts received by it under the Indenture in trust, upon the terms herein set forth, for the use and benefit of all present and future Class A Noteholders and the Insurer.

Acceptance by Indenture Trustee. (a) The Indenture Trustee hereby acknowledges its receipt the issuance of the Insurance Note Policy by the Insurer for the benefit of the Class A Noteholders and the sale and assignment of the Mortgage Loans Loans, and, subject to the review provided for in Section 2.01, and declares that, when delivered to the Indenture Trustee, or the Custodian on its behalf, Trustee in accordance with Section 2.01(b), the Indenture Trustee, or the Custodian on its behalf Trustee will hold the documents constituting the Mortgage Files, Files and that all amounts received by it under the Indenture in trust, upon the terms herein set forth, for the use and benefit of all present and future Class A Noteholders and the Insurer.