Common use of Depositor May Own Certificates Clause in Contracts

Depositor May Own Certificates. The Depositor and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates with the same rights as it would have if it were not the Depositor or an Affiliate thereof, except as otherwise provided herein.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Deutsche Recreational Asset Funding Corp), Pooling and Servicing Agreement (Ml Asset Backed Corp), Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Ii Inc)

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Depositor May Own Certificates. The Depositor and any Affiliate thereof may in its individual or any other capacity may become the owner or pledgee pledge of any Certificates with the same rights as it would have if it were not the Depositor or an Affiliate thereof, except as otherwise provided hereinDepositor.

Appears in 5 contracts

Samples: Trust Agreement (GNMAG Asset Backed Securitizations, LLC), Trust Agreement (GNMAG Asset Backed Securitizations, LLC), Deposit Trust Agreement (Commerce Street Pantheon Mortgage Asset Securitizations LLC)

Depositor May Own Certificates. The Depositor and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates with the same rights as it would have if it were not the Depositor or an Affiliate thereof, except as otherwise expressly provided herein.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Mellon Auto Grantor Trust 2000-1), Pooling and Servicing Agreement (Mellon Auto Grantor Trust 2000-2), Pooling and Servicing Agreement (Mellon Auto Grantor Trust 1999-1)

Depositor May Own Certificates. The Depositor and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates with the same rights as it would have if it were not the Depositor or an Affiliate thereof, except as otherwise expressly provided hereinherein or in any Basic Document.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Barnett Auto Receivables Corp), Pooling and Servicing Agreement (Mellon Auto Receivables Corp)

Depositor May Own Certificates. The Depositor and any Affiliate thereof Person controlling, controlled by or under common control with, the Depositor may in its individual or any other capacity become the owner or pledgee of Certificates with the same rights as it would have if it were not the Depositor or an Affiliate thereof, except as otherwise provided herein.would

Appears in 1 contract

Samples: Nationscredit Securitization Corp

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Depositor May Own Certificates. The Depositor and any Affiliate thereof Person controlling, controlled by or under common control with, the Depositor may in its individual or any other capacity become the owner or pledgee of Certificates with the same rights as it would have if it were not the Depositor or an Affiliate affiliate thereof, except as otherwise provided herein.in the definition of "Certificateholder" specified in Section 11.1. Certificates so owned by or pledged to the Depositor or such controlling or commonly controlled Person shall have an equal and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-2)

Depositor May Own Certificates. The Depositor and any ------------------------------ Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates with the same rights as it would have if it were not the Depositor or an Affiliate thereof, except as otherwise provided herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)

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