Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset to the related Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset to the Trustee for the related Trust.
Appears in 10 contracts
Samples: Federal National Mortgage Association, SMBS Master Trust Agreement, Supers Master Trust Agreement
Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset Mortgage Loan to the related Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset Mortgage Loan to the Trustee for the related Trust.
Appears in 8 contracts
Samples: Master Trust Agreement, Federal National Mortgage Association, Federal National Mortgage Association
Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset Mortgage Loan to the related Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset Mortgage Loan to the Trustee for the related Trust.Trust.β
Appears in 4 contracts
Samples: Multifamily Master Trust Agreement, Multifamily Master Trust Agreement, Trust Agreement
Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset Mortgage-Backed Security to the related Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset Mortgage-Backed Security to the Trustee for the related Trust.
Appears in 4 contracts
Samples: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement
Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset to the related applicable Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset to the Trustee for the related applicable Trust.
Appears in 1 contract
Samples: Trust Agreement
