Conveyance of Interests. Effective as of the Closing Date, the Depositor does hereby transfer, assign, set over, deposit with and otherwise convey to the Trustee, without recourse, in trust, all the right, title and interest of the Depositor in and to (i) the Majority Mortgage Loans and the 000 Xxxxxx Xxxxxx Pari Passu Loan in exchange for the REMIC I Regular Interests, (ii) the REMIC I Regular Interests in exchange for the REMIC II Certificates, (iii) the REMIC II Regular Interests in exchange for the REMIC III Certificates and (iv) the right to receive Excess Interest in exchange for the Class S Certificates.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 HQ5), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 HQ5), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 HQ5)
Conveyance of Interests. Effective as of the Closing Date, the Depositor does hereby transfer, assign, set over, deposit with and otherwise convey to the Trustee, without recourse, in trust, all the right, title and interest of the Depositor in and to (i) the Majority Mortgage Loans and the 000 Xxxxxx Xxxxxx Mall at Millenia Pari Passu Loan in exchange for the REMIC I Regular Interests, (ii) the REMIC I Regular Interests in exchange for the REMIC II Certificates, (iii) the REMIC II Regular Interests in exchange for the REMIC III Certificates and (iv) the right to receive Excess Interest in exchange for the Class S Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 HQ4), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 HQ4)
Conveyance of Interests. Effective as of the Closing Date, the Depositor does hereby transfer, assign, set over, deposit with and otherwise convey to the Trustee, without recourse, in trust, all the right, title and interest of the Depositor in and to (i) the Majority Mortgage Loans and the 000 Xxxxxx Xxxxxx Pari Passu Loan in exchange for the REMIC I Regular Interests, (ii) the REMIC I Regular Interests in exchange for the REMIC II Certificates, (iiiii) the REMIC II Regular Interests in exchange for the REMIC III Certificates (other than the portion of the Class S Certificates representing the right to Excess Interest) and (iviii) the right to receive Excess Interest in exchange for the Class S CertificatesGrantor Trust Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005-Hq7)
