Common use of Conveyance of REMIC IV Regular Interests; Acceptance of REMIC V by the Trustee Clause in Contracts

Conveyance of REMIC IV Regular Interests; Acceptance of REMIC V by the Trustee. The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC IV Regular Interests for the benefit of the Class R-V and REMIC V Regular Interests. The Trustee acknowledges receipt of the REMIC IV Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit REMIC IV.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Asset Backed Pass Through Certificates Series 2002 He2), Pooling and Servicing Agreement (Asset Backed Securities Corp)

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Conveyance of REMIC IV Regular Interests; Acceptance of REMIC V by the Trustee. The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC IV Regular Interests for the benefit of the Class R-V and REMIC V the Regular InterestsCertificateholders. The Trustee acknowledges receipt of the REMIC IV Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit REMIC IV.V.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset Backed Pass Through Certificates Series 2002 He2)

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Conveyance of REMIC IV Regular Interests; Acceptance of REMIC V by the Trustee. The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC IV Regular Interests for the benefit of the Class R-V and REMIC V Regular InterestsCertificateholders. The Trustee acknowledges receipt of the REMIC IV Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit REMIC IV.V.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset Backed Securities Corp)

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