Execution and Authentication of Bonds. The Indenture Trustee, on behalf of the Issuer, has caused to be executed, authenticated and delivered to or upon the order of the Depositor, in exchange for the Issuer, concurrently with the sale, assignment and conveyance to the Indenture Trustee of the Issuer, one Class of Bonds in authorized denominations and the Residual Certificates, evidencing the ownership of the Issuer.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Sequoia Mortgage Funding Corp), Sale and Servicing Agreement (Sequoia Residential Funding Inc)