Acceptance by Trustee; Authentication of Class R-2 Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Holders of the REMIC II Regular Interests and the Class R-2 Certificates. In connection therewith, as of the Closing Date, the Trustee does hereby, in exchange for the property constituting the REMIC II Trust Fund, convey to the Company the REMIC II Regular Interests and shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Class R-2 Certificates in Authorized Denominations evidencing the residual ownership interest in the REMIC II Trust Fund.
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Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass Thru Cert Ser 2000 4), Pooling and Servicing Agreement (Washington Mutual Mor Sec Corp Mor Pas THR Ser 2001-6), Pooling and Servicing Agreement (Washington Mutual Mor Sec Corp Mor Pass Thru Cert Ser 2001-4)
Acceptance by Trustee; Authentication of Class R-2 Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Holders of the REMIC II Regular Interests and the Class R-2 Certificates. In connection therewith, as of the Closing Date, the Trustee does herebyshall, in exchange for the property constituting the REMIC II Trust Fund, convey to the Company the REMIC II Regular Interests and shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Class R-2 Certificates in Authorized Denominations evidencing the residual ownership interest in the REMIC II Trust Fund.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)
Acceptance by Trustee; Authentication of Class R-2 Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Holders of the REMIC II Regular Interests and the Class R-2 Certificates. In connection therewith, as of the Closing Date, the Trustee does herebyhereby convey to the Company, in exchange for the property constituting the REMIC II Trust Fund, convey to the Company the REMIC II Regular Interests and the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Class R-2 Certificates in Authorized Denominations evidencing the residual ownership interest in the REMIC II Trust Fund. Section 2.07.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass Thro Cert Ser 1999-5)
Acceptance by Trustee; Authentication of Class R-2 Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Holders of the REMIC II Regular Interests and the Class R-2 Certificates. In connection therewith, as of the Closing Date, the Trustee does herebyhereby convey to the Company, in exchange for the property constituting the REMIC II Trust Fund, convey to the Company the REMIC II Regular Interests and the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Class R-2 Certificates in Authorized Denominations evidencing the residual ownership interest in the REMIC II Trust Fund.
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Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp 1999-3)