Common use of Creation and Declaration of Trusts; Assignment of Deposited Assets Clause in Contracts

Creation and Declaration of Trusts; Assignment of Deposited Assets. (a) The Depositor, concurrently with the execution and delivery hereof, does hereby agree to (i) Grant to the Trust, for the benefit of the Certificateholders of each given Series of Certificates and without recourse, all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in, to and under the Deposited Assets attributable to each such Series (except for the Deposited Assets attributable to such Series which are not Granted by the Depositor, as specified in the Deposited Assets Schedule to the applicable Series Supplement), now existing or hereafter acquired, in each case as identified on the applicable Deposited Assets Schedule set forth in the Series Supplement for such Series, and all other assets included or to be included in the respective Trust for the benefit of the Certificateholders of each such Series or (ii) deliver to the Trustee for deposit in the Certificate Account an amount, in immediately available funds in a form acceptable to the Trustee, sufficient to acquire the Deposited Assets attributable to such Series, in each case as identified on the Deposited Asset Schedule set forth in the Series Supplement for such Series, and all other assets to be included in the respective trust for the benefit of the Certificateholders of each such Series. Each such Grant will include all interest, premium (if any) and principal received by or on behalf of the Depositor of, on or with respect to any such Deposited Assets due after the applicable Cut-off Date, and, unless otherwise specified in the related Series Supplement, will exclude all interest, premium (if any) and principal of, on or with respect to any such Deposited Assets due on or before the applicable Cut-off Date.

Creation and Declaration of Trusts; Assignment of Deposited Assets. (a) The Depositor, concurrently with the execution and delivery hereof, does hereby agree to (i) Grant to the TrustTrustee, on behalf and for the benefit of the Certificateholders of each given Series of Certificates and without recourse, all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in, to and under the Deposited Assets attributable to each such Series (except for the Deposited Assets attributable to such Series which are not Granted by the Depositor, as specified in the Deposited Assets Schedule to the applicable Series Supplement), now existing or hereafter acquired, in each case as identified on the applicable Deposited Assets Schedule set forth in the Series Supplement for such SeriesSchedule, and all other assets included or to be included in the respective Trust for the benefit of the Certificateholders of each such Series or (ii) deliver to the Trustee for deposit in the Certificate Account an amount, in immediately available funds in a form acceptable to the Trustee, sufficient to acquire the Deposited Assets attributable to such Series, in each case as identified on the Deposited Asset Schedule set forth in to the applicable Series Supplement for such SeriesSupplement, and all other assets to be included in the respective trust for the benefit of the Certificateholders of each such Series. Each such Grant will include all interest, premium (if any) and principal received by or on behalf of the Depositor of, on or with respect to any such Deposited Assets due after the applicable Cut-off Date, and, unless otherwise specified in the related Series Supplement, will exclude (i) all interest, premium (if any) and principal of, on or with respect to any such Deposited Assets due on or before the applicable Cut-off DateDate and (ii) any Retained Interest in any such Deposited Asset.

Creation and Declaration of Trusts; Assignment of Deposited Assets. (a) The Depositor, concurrently with the execution and delivery hereof, does hereby agree to (i) Grant sell, assign, convey and set-over to the TrustTrustee, on behalf and for the benefit of the Certificateholders of each given Series of Certificates and without recourse, all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in, to and under the Underlying Securities and the other Deposited Assets attributable to each such Series (except for the Deposited Assets attributable to such Series which are not Granted sold by the Depositor, as specified in the Deposited Assets Schedule to the applicable Series Supplement), now existing or hereafter acquired, in each case as identified on the applicable Deposited Assets Schedule set forth in the Series Supplement for such SeriesSchedule, and all other assets included or to be included in the respective Trust for the benefit of the Certificateholders of each such Series or (ii) deliver to the Trustee for deposit in the Certificate Account an amount, in immediately available funds in a form acceptable to the Trustee, sufficient to acquire the Deposited Assets attributable to such Series, in each case as identified on the Deposited Asset Assets Schedule set forth in to the applicable Series Supplement for such SeriesSupplement, and all other assets to be included in the respective trust Trust for the benefit of the Certificateholders of each such Series. Each such Grant sale will include all interest, premium (if any) and principal received by or on behalf of the Depositor of, on or with respect to any such Deposited Assets Underlying Securities due after the applicable Cut-off Date, and, unless otherwise specified in the related Series Supplement, will exclude (i) all interest, premium (if any) and principal of, on or with respect to any such Deposited Assets Underlying Securities due on or before the applicable Cut-off DateDate and (ii) any Retained Interest in any such Underlying Security. For the avoidance of doubt, it is understood that if specified in the related Series Supplement, the Depositor shall sell, assign, convey and set-over to the Trustee Underlying Securities subject to Call Warrants. The Depositor shall deliver or procure the delivery of all Deposited Assets to the Securities Intermediary on behalf of the Trustee, and the Securities Intermediary shall accept delivery of such Deposited Assets, in accordance with the definition of "Delivery".

Creation and Declaration of Trusts; Assignment of Deposited Assets. (a) The Depositor, concurrently with the execution and delivery hereof, does hereby agree to (i) Grant to the TrustTrustee, on behalf and for the benefit of the Certificateholders of each given Series of Certificates and without recourse, all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in, to and under the Deposited Assets attributable to each such Series (except for the Deposited Assets attributable to such Series which are not Granted by the Depositor, as specified in the Deposited Assets Schedule to the applicable Series Supplement), now existing or hereafter acquired, in each case as identified on the applicable Deposited Assets Schedule set forth in the Series Supplement for such SeriesSchedule, and all other assets included or to be included in the respective Trust for the benefit of the Certificateholders Certificate-holders of each such Series or (ii) deliver to the Trustee for deposit in the Certificate Account an amount, in immediately available funds in a form acceptable to the Trustee, sufficient to acquire the Deposited Assets attributable to such Series, in each case as identified on the Deposited Asset Schedule set forth in to the applicable Series Supplement for such SeriesSupplement, and all other assets to be included in the respective trust for the benefit of the Certificateholders of each such Series. Each such Grant will include all interest, premium (if any) and principal received by or on behalf of the Depositor of, on or with respect to any such Deposited Assets due after the applicable Cut-off Date, and, unless otherwise specified in the related Series Supplement, will exclude (i) all interest, premium (if any) and principal of, on or with respect to any such Deposited Assets due on or before the applicable Cut-off DateDate and (ii) any Retained Interest in any such Deposited Asset.

Creation and Declaration of Trusts; Assignment of Deposited Assets. (a) The Depositor, concurrently with the execution and delivery hereof, does hereby agree to (i) Grant sell, assign, convey and set-over to the TrustTrustee, on behalf and for the benefit of the Certificateholders of each given Series of Certificates and without recourse, all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in, to and under the Underlying Securities and the other Deposited Assets attributable to each such Series (except for the Deposited Assets attributable to such Series which are not Granted sold by the Depositor, as specified in the Deposited Assets Schedule to the applicable Series Supplement), now existing or hereafter acquired, in each case as identified on the applicable Deposited Assets Schedule set forth in the Series Supplement for such SeriesSchedule, and all other assets included or to be included in the respective Trust for the benefit of the Certificateholders of each such Series or (ii) deliver to the Trustee for deposit in the Certificate Account an amount, in immediately available funds in a form acceptable to the Trustee, sufficient to acquire the Deposited Assets attributable to such Series, in each case as identified on the Deposited Asset Assets Schedule set forth in to the applicable Series Supplement for such SeriesSupplement, and all other assets to be included in the respective trust Trust for the benefit of the Certificateholders of each such Series. Each such Grant sale will include all interest, premium (if any) and principal received by or on behalf of the Depositor of, on or with respect to any such Deposited Assets Underlying Securities due after the applicable Cut-off Date, and, unless otherwise specified in the related Series Supplement, will exclude (i) all interest, premium (if any) and principal of, on or with respect to any such Deposited Assets Underlying Securities due on or before the applicable Cut-off DateDate and (ii) any Retained Interest in any such Underlying Security. For the avoidance of doubt, it is understood that (i) if specified in the related Series Supplement, the Depositor shall sell, assign, convey and set-over to the Trustee Underlying Securities subject to Call Warrants; and (ii) Certificateholders of a given Series of Certificates shall not have any recourse to the Deposited Assets attributable to another Series of Certificates. The Depositor shall deliver or procure the delivery of all Deposited Assets to the Securities Intermediary on behalf of the Trustee, and the Securities Intermediary shall accept delivery of such Deposited Assets, in accordance with the definition of “Delivery”.