Declaration of Trust; Transfer and Conveyance of Underlying REMIC Certificates. With respect to each Series, by delivering any Certificate pursuant to the Trust Documents, the Issuer unconditionally, absolutely and irrevocably sets aside, transfers, assigns, sets over and otherwise conveys to the Trustee, on behalf of related Holders, all of the Issuer’s right, title and interest in and to the Underlying REMIC Certificates, including all payments of principal and interest thereon received after the month in which the Issue Date occurs. Once Underlying REMIC Certificates have been identified as being part of a particular Trust for which at least one Certificate has been issued, they will remain in that Trust unless removed in a manner consistent with the Trust Documents.
Appears in 4 contracts
Samples: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement
