Common use of Depositor May Own Notes Clause in Contracts

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

Depositor May Own Notes. The Depositor and any Affiliate thereof may of the Depositor, in its individual or any other capacity capacity, may become the owner or pledgee of Notes with the same rights as it would have if it were not any other Person except as limited in any Transaction Document. Notes owned by or pledged to the Depositor or any Affiliate of the Depositor will have an Affiliate thereofequal and proportionate benefit under the Transaction Documents, except as expressly provided herein or limited in any Basic Transaction Document.

Depositor May Own Notes. The Depositor and any Affiliate thereof may of the Depositor, in its individual or any other capacity capacity, may become the owner or pledgee of Notes with the same rights as it would have if it were not the Depositor or an Affiliate thereofof the Depositor except as otherwise provided in any Transaction Document. Notes owned by or pledged to the Depositor or any Affiliate of the Depositor will have an equal and proportionate benefit under the Transaction Documents, without preference, priority or distinction, except as expressly otherwise provided herein or in any Basic Transaction Document.

Depositor May Own Notes. The Depositor and any Affiliate thereof may of the Depositor, in its individual or any other capacity capacity, may become the owner or pledgee of Notes with the same rights as it would have if it were not the Depositor or an Affiliate thereofof the Depositor except as otherwise provided in any Basic Document. Notes owned by or pledged to the Depositor or any Affiliate of the Depositor will have an equal and proportionate benefit under the Basic Document, without preference, priority or distinction, except as expressly otherwise provided herein or in any Basic Document.

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

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

Depositor May Own Notes. The Depositor and any Affiliate thereof may of the Depositor, in its individual or any other capacity capacity, may become the owner or pledgee of Notes with the same rights as it would have if it were not the Depositor or an Affiliate thereofof the Depositor except as otherwise provided in any Basic Document. Notes owned by or pledged to the Depositor or any Affiliate of the Depositor will have an equal and proportionate benefit under the Basic Documents, without preference, priority or distinction, except as expressly otherwise provided herein or in any Basic Document.

Depositor May Own Notes. The Depositor and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Notes with the same rights Sale and Servicing Agreement as it would have if it were not the Loan Seller, the Depositor or an Affiliate thereof, except as expressly provided herein or in any Basic Document.. [End of Article VI] Sale and Servicing Agreement 51

Depositor May Own Notes. The Depositor and or any Affiliate thereof of its Affiliates may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Depositor or an Affiliate thereof, except as expressly otherwise provided herein in the definition of “Outstanding” specified in Section 1.1. Notes so owned by or in pledged to the Depositor or any Basic DocumentAffiliate thereof shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority, or distinction as among all of the Notes.

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

Depositor May Own Notes. The Depositor and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Depositor or an Affiliate thereof, except as expressly provided herein (including in the proviso to the definition of “Outstanding” in Appendix A) or in any other Basic Document.

Depositor May Own Notes. The Depositor and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Loan Seller, the Depositor or an Affiliate thereof, except as expressly provided herein or in any Basic Document.. [End of Article VI]

Depositor May Own Notes. The Depositor and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Loan Seller, the Depositor or an Affiliate thereof, except as expressly provided herein or in any Basic Document.. Sale and Servicing Agreement [End of Article VI] Sale and Servicing Agreement