Common use of Acceptance of Obligations Clause in Contracts

Acceptance of Obligations. The Sponsor, by its acceptance of the Class S Certificates and the Residual Certificates, agrees to be bound by and to perform all the duties of the Sponsor set forth in this Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Greenpoint Mortgage Securities Inc/), Trust Agreement (Greenpoint Mortgage Securities Inc/)

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Acceptance of Obligations. The Sponsor, by its acceptance of the Class S Certificates and the Residual Certificates, agrees to be bound by and to perform all the duties of the Sponsor set forth in this Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Headlands Mortgage Securities Inc), Trust Agreement (Greenpoint Home Equity Loan Trust 1999 2)

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