Common use of Custody of Contracts Clause in Contracts

Custody of Contracts. a. Subject to the terms and conditions of this Section the Trustee appoints the Servicer to maintain custody of the Contract Files for the benefit of the Certificateholders, the Class C Certificateholders and the Trustee. The Custodian shall maintain custody of the Land-and-Home Contract Files. In the event that the Trustee is no longer acting as Custodian of the Land-and-Home Contract Files, upon execution and delivery of the Custodial Agreement replacing the Trustee as Custodian, the replacement Custodian shall also execute an acknowledgement of receipt of the Land-and-Home Contract Files substantially in the form of Exhibit H hereto.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Green Tree Financial Corp)

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Custody of Contracts. a. Subject to the terms and conditions of this Section the Trustee appoints the Servicer to maintain custody of the Contract Files for the benefit of the Certificateholders, the Class C Certificateholders and the Trustee. The Custodian shall maintain custody of the Land-and-Home Contract Files. In the event that the Trustee is no longer acting as Custodian of the Land-and-Home Contract Files, upon execution and delivery of the Custodial Agreement replacing an agreement between the Trustee and the Person assuming the duties of the Trustee hereunder as CustodianCustodian with respect to the Land-and-Home Contract Files, the replacement Custodian shall also concurrently execute an acknowledgement of receipt of the Land-and-Home Contract Files substantially in the form of Exhibit H hereto.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Green Tree Financial Corp)

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