Common use of Custodian as Bailee Clause in Contracts

Custodian as Bailee. The Custodian hereby acknowledges that it is, and agrees to act as, bailee for the Trustee and is holding each Custodial File delivered to it in trust for the Trustee.

Appears in 12 contracts

Samples: Pooling and Servicing Agreement (Five Oaks Investment Corp.), Custodial Agreement (Home Equity Mortgage Pass-Through Certificates, Series 2006-3), Custodial Agreement (Sequoia Residential Funding Inc)

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Custodian as Bailee. The Custodian hereby acknowledges that it is, and agrees to act as, as agent and bailee for the Trustee and is holding each Custodial File delivered to it in trust for on behalf of the Trustee.

Appears in 6 contracts

Samples: Custodial Agreement (C-Bass 2007-Cb5 Trust), Custodial Agreement (GSAMP Trust 2006-He2), Custodial Agreement (C-Bass 2006-Cb6 Trust)

Custodian as Bailee. The Custodian hereby acknowledges that it is, and agrees to act as, bailee for the Trustee and is holding each Custodial Mortgage File delivered to it in trust for the TrusteeTrustee for the exclusive use and benefit of all present and future Certificateholders.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (NYMT Securities CORP)

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Custodian as Bailee. The Custodian hereby acknowledges that it is, and agrees to act as, bailee for the Trustee and is holding each Custodial File and Credit File delivered to it in trust for the Trustee.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Five Oaks Investment Corp.)

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