Common use of Concerning the Owner Trustee Clause in Contracts

Concerning the Owner Trustee. Acceptance of Trusts and Duties.........................23 SECTION 7.2. Furnishing of Documents.................................25 SECTION 7.3. Representations and Warranties..........................25 SECTION 7.4. Reliance; Advice of Counsel.............................25 SECTION 7.5. Not Acting in Individual Capacity.......................26 SECTION 7.6. Owner Trustee Not Liable for Trust Certificates or Loans.........................26

Concerning the Owner Trustee. 21 Section 7.1. Acceptance of Trusts and Duties.........................23 SECTION 7.2. 21 Section 7.2 Furnishing of Documents.................................25 SECTION 22 Section 7.3. Representations and Warranties..........................25 SECTION 22 Section 7.4. Reliance; Advice of Counsel.............................25 SECTION 7.5. 23 Section 7.5 Not Acting in Individual Capacity.......................26 SECTION 23 Section 7.6. Owner Trustee Not Liable for Trust Certificates or Loans.........................26Receivables ............................................24 Section 7.7. Payments from Trust Property............................24 Section 7.8. Doing Business in Other Jurisdictions...................24

Concerning the Owner Trustee. Section 8.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2.....................................................30 Section 8.02. Furnishing of Documents.................................25 SECTION 7.3.............................................................31 Section 8.03. Representations and Warranties..........................25 SECTION 7.4Warranties of the Owner Trustee.................................32 Section 8.04. Reliance; Advice of Counsel.............................25 SECTION 7.5.........................................................32 Section 8.05. Not Acting in Individual Capacity.......................26 SECTION 7.6...................................................33 Section 8.06. Owner Trustee Not Liable for Trust the Certificates or Mortgage Loans.........................26.....................33 Section 8.07. Owner Trustee May Own Certificates and Notes........................................33 Section 8.08. Licenses............................................................................34

Concerning the Owner Trustee. 14 Section 7.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2........................14 Section 7.02. Furnishing of Documents.................................25 SECTION 7.3................................15 Section 7.03. Representations and Warranties..........................25 SECTION 7.4.........................16 Section 7.04. Reliance; Advice of Counsel.............................25 SECTION 7.5............................16 Section 7.05. Not Acting in Individual Capacity.......................26 SECTION 7.6......................16 Section 7.06. Owner Trustee Not Liable for Trust Certificates the Certificate, Notes or Loans.........................26Receivables...................................17 Section 7.07. Owner Trustee May Own the Certificate and Notes........17

Concerning the Owner Trustee. 25 SECTION 7.1 Acceptance of Trusts and Duties.........................23 ..............................................25 SECTION 7.2. 7.2 Furnishing of Documents.................................25 ......................................................26 SECTION 7.3. 7.3 Representations and Warranties..........................25 Warranties of Owner Trustee..............................27 SECTION 7.4. 7.4 Reliance; Advice of Counsel.............................25 ..................................................27 SECTION 7.5. Not Acting in Individual Capacity.......................26 SECTION 7.6. 7.5 Owner Trustee Not Liable for Trust May Own Certificates or Loans.........................26and Notes.................................28 SECTION 7.6 Licenses.....................................................................28

Concerning the Owner Trustee. 25 SECTION 7.1 Acceptance of Trusts and Duties.........................23 .......................................................25 SECTION 7.2. 7.2 Furnishing of Documents.................................25 ...............................................................26 SECTION 7.3. 7.3 Representations and Warranties..........................25 Warranties of Owner Trustee.......................................27 SECTION 7.4. 7.4 Reliance; Advice of Counsel.............................25 ...........................................................27 SECTION 7.5. Not Acting in Individual Capacity.......................26 SECTION 7.6. 7.5 Owner Trustee Not Liable for Trust May Own Certificates or Loans.........................26and Notes..........................................28 SECTION 7.6 Licenses..............................................................................28

Concerning the Owner Trustee. 21 Section 7.1. Acceptance of Trusts and Duties.........................23 SECTION 7.2. ................................................. 21 Section 7.2 Furnishing of Documents.................................25 SECTION .......................................................... 22 Section 7.3. Representations and Warranties..........................25 SECTION .................................................. 22 Section 7.4. Reliance; Advice of Counsel.............................25 SECTION 7.5. ..................................................... 23 Section 7.5 Not Acting in Individual Capacity.......................26 SECTION ................................................ 23 Section 7.6. Owner Trustee Not Liable for Trust Certificates or Loans.........................26Receivables........................ 24 Section 7.7. Payments from Trust Property.................................................... 24 Section 7.8. Doing Business in Other Jurisdictions........................................... 24

Concerning the Owner Trustee. 17 Section 6.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2..................................17 Section 6.02. Furnishing of Documents.................................25 SECTION 7.3..........................................18 Section 6.03. Representations and Warranties..........................25 SECTION 7.4...................................18 Section 6.04. Reliance; Advice of Counsel.............................25 SECTION 7.5......................................19 Section 6.05. Not Acting in Individual Capacity.......................26 SECTION 7.6................................19 Section 6.06. Owner Trustee Not Liable for Trust Certificates or Loans.........................26Related Documents...19 Section 6.07. Owner Trustee May Own Certificates and Notes.....................20

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2..............................................18 Section 7.02. Furnishing of Documents.................................25 SECTION 7.3......................................................20 Section 7.03. Representations and WarrantiesWarranties of the Owner Trustee..........................25 SECTION 7.420 Section 7.04. Reliance; , Advice of Counsel.............................25 SECTION 7.5..................................................21 Section 7.05. Not Acting in Individual Capacity.......................26 SECTION 7.6............................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Loans.........................26Receivables...............21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes...........................22 ARTICLE EIGHT

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2.............................................19 Section 7.02. Furnishing of Documents.................................25 SECTION 7.3.....................................................20 Section 7.03. Representations and Warranties..........................25 SECTION 7.4Warranties of the Owner Trustee.........................20 Section 7.04. Reliance; , Advice of Counsel.............................25 SECTION 7.5.................................................21 Section 7.05. Not Acting in Individual Capacity.......................26 SECTION 7.6...........................................22 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Loans.........................26Receivables..............22 Section 7.07. Owner Trustee May Own Trust Certificates and Notes..........................22 ARTICLE EIGHT

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2.......................................... 19 Section 7.02. Furnishing of Documents.................................25 SECTION 7.3.................................................. 20 Section 7.03. Representations and Warranties..........................25 SECTION 7.4Warranties of the Owner Trustee...................... 20 Section 7.04. Reliance; , Advice of Counsel.............................25 SECTION 7.5.............................................. 21 Section 7.05. Not Acting in Individual Capacity.......................26 SECTION 7.6........................................ 22 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Loans.........................26Receivables........... 22 Section 7.07. Owner Trustee May Own Trust Certificates and Notes....................... 22 ARTICLE EIGHT

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2........................ 19 Section 7.02. Furnishing of Documents.................................25 SECTION 7.3................................ 21 Section 7.03. Representations and Warranties..........................25 SECTION 7.4Warranties of the Owner Trustee.... 21 Section 7.04. Reliance; , Advice of Counsel.............................25 SECTION 7.5............................ 22 Section 7.05. Not Acting in Individual Capacity.......................26 SECTION 7.6...................... 22 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Loans.........................26Receivables...................................... 22 Section 7.07. Owner Trustee May Own Trust Certificates and Notes..... 23 ARTICLE EIGHT

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2............................................19 Section 7.02. Furnishing of Documents.................................25 SECTION 7.3....................................................20 Section 7.03. Representations and Warranties..........................25 SECTION 7.4Warranties of the Owner Trustee........................20 Section 7.04. Reliance; , Advice of Counsel.............................25 SECTION 7.5................................................21 Section 7.05. Not Acting in Individual Capacity.......................26 SECTION 7.6..........................................22 Section 7.06. Owner Trustee Not Liable for Trust Certificates or LoansReceivables.............22 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................2622 ARTICLE EIGHT

Concerning the Owner Trustee. 25 SECTION 7.1 Acceptance of Trusts and Duties.........................23 ..............................................25 SECTION 7.2. 7.2 Furnishing of Documents.................................25 ......................................................26 SECTION 7.3. 7.3 Representations and Warranties..........................25 Warranties of Owner Trustee..............................27 SECTION 7.4. 7.4 Reliance; Advice of Counsel.............................25 ..................................................27 SECTION 7.5. Not Acting in Individual Capacity.......................26 SECTION 7.6. 7.5 Owner Trustee Not Liable for Trust May Own Certificates or Loans.........................26and Notes.................................28 SECTION 7.6 Licenses.....................................................................28 ARTICLE VIII

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2...........................................19 Section 7.02. Furnishing of Documents.................................25 SECTION 7.3...................................................20 Section 7.03. Representations and Warranties..........................25 SECTION 7.4Warranties of the Owner Trustee.......................20 Section 7.04. Reliance; , Advice of Counsel.............................25 SECTION 7.5...............................................21 Section 7.05. Not Acting in Individual Capacity.......................26 SECTION 7.6.........................................22 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Loans.........................26Receivables............22 Section 7.07. Owner Trustee May Own Trust Certificates and Notes........................22 ARTICLE EIGHT

Concerning the Owner Trustee. 25 SECTION 7.1 Acceptance of Trusts and Duties.........................23 ..........................................................25 SECTION 7.2. 7.2 Furnishing of Documents.................................25 ..................................................................26 SECTION 7.3. 7.3 Representations and Warranties..........................25 Warranties of Owner Trustee..........................................27 SECTION 7.4. 7.4 Reliance; Advice of Counsel.............................25 ..............................................................27 SECTION 7.5. Not Acting in Individual Capacity.......................26 SECTION 7.6. 7.5 Owner Trustee Not Liable for Trust May Own Certificates or Loans.........................26and Notes.............................................28 SECTION 7.6 Licenses.................................................................................28

Concerning the Owner Trustee. 25 SECTION 7.1 Acceptance of Trusts and Duties.........................23 ............................................. 25 SECTION 7.2. 7.2 Furnishing of Documents.................................25 ..................................................... 26 SECTION 7.3. 7.3 Representations and Warranties..........................25 Warranties of Owner Trustee............................. 27 SECTION 7.4. 7.4 Reliance; Advice of Counsel.............................25 ................................................. 27 SECTION 7.5. Not Acting in Individual Capacity.......................26 SECTION 7.6. 7.5 Owner Trustee Not Liable for Trust May Own Certificates or Loans.........................26and Notes................................ 28 SECTION 7.6 Licenses.................................................................... 28 ARTICLE VIII

Concerning the Owner Trustee. SECTION 7.1. Acceptance of Trusts and Duties.........................23 31 SECTION 7.2. Furnishing of Documents.................................25 33 SECTION 7.3. Representations and Warranties..........................25 33 SECTION 7.4. Reliance; Advice of Counsel.............................25 33 SECTION 7.5. Not Acting in Individual Capacity.......................26 34 SECTION 7.6. Owner Trustee Not Liable for Trust Certificates or Loans.........................26................................................34

Concerning the Owner Trustee. 23 Section 7.1 Acceptance of Trusts and Duties................................................................................ 23 SECTION 7.2. Section 7.2 Furnishing of Documents.................................25 SECTION 7.3. ............................................................... 24 Section 7.3 Representations and Warranties..........................Warranties of Owner Trustee....................................... 25 SECTION 7.4. Section 7.4 Reliance; Advice of Counsel.............................25 SECTION 7.5. Not Acting in Individual Capacity.................................................................................. 26 SECTION 7.6. Section 7.5 Owner Trustee Not Liable for Trust May Own Certificates or Loans.........................and Notes.......................................... 26 Section 7.6 Licenses.............................................................................. 26

Concerning the Owner Trustee. 15 Section 7.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2........................15 Section 7.02. Furnishing of Documents.................................25 SECTION 7.3................................16 Section 7.03. Representations and Warranties..........................25 SECTION 7.4.........................16 Section 7.04. Reliance; Advice of Counsel.............................25 SECTION 7.5............................17 Section 7.05. Not Acting in Individual Capacity.......................26 SECTION 7.6......................17 Section 7.06. Owner Trustee Not Liable for Trust Certificates the Certificate, Notes or Loans.........................26Receivables...................................17 Section 7.07. Owner Trustee May Own the Certificate and Notes........18

Concerning the Owner Trustee. 23 SECTION 7.1 Acceptance of Trusts and Duties.......................................................................23 SECTION 7.2. 7.2 Furnishing of Documents.......................................................................................24 SECTION 7.3 Representations and Warranties of Owner Trustee..............................25 SECTION 7.3. Representations and Warranties..........................25 SECTION 7.4. 7.4 Reliance; Advice of Counsel...............................................................................25 SECTION 7.5. Not Acting in Individual Capacity.......................7.5 Owner Trustee May Own Certificates and Notes.................................26 SECTION 7.6. Owner Trustee Not Liable for Trust Certificates or Loans.........................267.6 Licenses.....................................................................26 ARTICLE VIII

Concerning the Owner Trustee. 20 Section 7.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2............................................................20 Section 7.02. Furnishing of Documents.................................25 SECTION 7.3....................................................................21 Section 7.03. Representations and Warranties..........................25 SECTION 7.4Warranties of the Owner Trustee........................................21 Section 7.04. Reliance; Advice of Counsel.............................25 SECTION 7.5................................................................22 Section 7.05. Not Acting in Individual Capacity.......................26 SECTION 7.6. Owner Trustee Not Liable for Trust Certificates or Loans.........................26..........................................................22

Concerning the Owner Trustee. 19 Section 7.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2.......................................................19 Section 7.02. Furnishing of Documents.................................25 SECTION 7.3...............................................................20 Section 7.03. Representations and Warranties..........................25 SECTION 7.4Warranties of the Trust Company...................................20 Section 7.04. Reliance; Advice of Counsel.............................25 SECTION 7.5...........................................................21 Section 7.05. Not Acting in Individual Capacity.......................26 SECTION 7.6.....................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificate, Residual Interest Certificate Notes or Timeshare Loans..............................................................21 Section 7.07. Owner Trustee May Own Certificates or Loans.........................26and Notes..........................................22

Concerning the Owner Trustee. 24 SECTION 7.1 Acceptance of Trusts and Duties.........................23 ....................................................24 SECTION 7.2. 7.2 Furnishing of Documents.............................................................................................25 SECTION 7.3. 7.3 Representations and Warranties..........................25 Warranties of Owner Trustee....................................26 SECTION 7.4. 7.4 Reliance; Advice of Counsel.............................25 SECTION 7.5. Not Acting in Individual Capacity...............................................................................26 SECTION 7.6. 7.5 Owner Trustee Not Liable for Trust May Own Certificates or Loans.........................26and Notes.......................................27 SECTION 7.6 Licenses...........................................................................27 ARTICLE VIII

Concerning the Owner Trustee. 14 SECTION 7.01. Acceptance of Trusts and Duties.........................23 .................................14 SECTION 7.27.02. Furnishing of Documents.................................25 .........................................15 SECTION 7.37.03. Representations and Warranties..........................25 ..................................16 SECTION 7.47.04. Reliance; Advice of Counsel.............................25 .....................................16 SECTION 7.57.05. Not Acting in Individual Capacity.......................26 ...............................17 SECTION 7.67.06. Owner Trustee Not Liable for Trust Certificates the Certificate, Notes or Loans.........................26Receivables.....................................................17 SECTION 7.07. Owner Trustee May Own the Certificate and Notes.................17

Concerning the Owner Trustee. 16 Section 6.01. Acceptance of Trusts and Duties.........................23 SECTION 7.2..................................................16 Section 6.02. Furnishing of Documents.................................25 SECTION 7.3..........................................................17 Section 6.03. Representations and Warranties..........................25 SECTION 7.4...................................................17 Section 6.04. Reliance; Advice of Counsel.............................25 SECTION 7.5......................................................18 Section 6.05. Not Acting in Individual Capacity.......................26 SECTION 7.6................................................19 Section 6.06. Owner Trustee Not Liable for Trust Certificates or Loans.........................26Related Documents...................19 Section 6.07. Owner Trustee May Own Certificates and Notes.....................................19

Concerning the Owner Trustee. 7-1 SECTION 7.1. Acceptance of Trusts Trust and Duties.........................23 ....................... 7-1 SECTION 7.2. Furnishing of Documents.................................25 .............................. 7-3 SECTION 7.3. Representations and Warranties..........................25 ....................... 7-3 SECTION 7.4. Reliance; Advice of Counsel.............................25 .......................... 7-4 SECTION 7.5. Not Acting in Individual Capacity.......................26 .................... 7-4 SECTION 7.6. Owner Trustee Not Liable for Trust Certificates, Notes or Contracts................................... 7-5 SECTION 7.7. Owner Trustee May Own Certificates or Loans.........................26and Notes......... 7-5 SECTION 7.8. Certain Matters Relating to FHA Insurance............ 7-5