Common use of Acknowledgment of Transfer of Trust Fund Clause in Contracts

Acknowledgment of Transfer of Trust Fund. The Trustee hereby accepts the Trust created hereby, acknowledges and accepts the transfer and assignment to it of the property constituting the Trust Fund, but without having made the review required to be made within 45 days pursuant to Section 2.02, and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the Trust Fund, and the 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 I Regular Interests and the Class R-1

Appears in 11 contracts

Samples: Pooling and Servicing Agreement (Washington Mutual MSC Mort Pass Through Cert Ser 2001-Ms11), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar2), Pooling and Servicing Agreement (Wamu Mortgage Pass-Through Certificates Series 2001-S10)

AutoNDA by SimpleDocs

Acknowledgment of Transfer of Trust Fund. The Trustee hereby accepts the Trust created hereby, acknowledges and accepts the transfer and assignment to it of the property constituting the Trust Fund, but without having made the review required to be made within 45 days pursuant to Section 2.02, and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the Trust Fund, and the 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 I Regular Interests and the Class R-1of

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual MSC Mort Pass-Through Cert Ser 2001-Ms12)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!