Common use of Following the Startup Day Clause in Contracts

Following the Startup Day. neither the Master Servicer nor the Trustee shall accept any contributions of assets to any REMIC created hereunder unless (subject to Section 10.01(f)) the Master Servicer and the Trustee shall have received an Opinion of Counsel (at the expense of the party seeking to make such contribution) to the effect that the inclusion of such assets in such REMIC will not cause the REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding or subject the REMIC to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.

Following the Startup Day. neither the Master Servicer nor the Trustee shall accept any contributions of assets to any REMIC created hereunder unless (subject to Section 10.01(f)) the Master Servicer and the Trustee shall have received an Opinion of Counsel (at the expense of the party seeking to make such contribution) to the effect that the inclusion of such assets in such REMIC will not cause the any REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding or subject the any REMIC to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.

Following the Startup Day. neither the Master Servicer nor the Trustee shall accept any contributions of assets to any the REMIC created hereunder unless (subject to Section 10.01(f4.17(f)) the Master Servicer and the Trustee shall have received an Opinion of Counsel (at the expense of the party seeking to make such contributioncontributions) to the effect that the inclusion of such assets in such the REMIC will not cause the REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding or subject the REMIC to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.

Following the Startup Day. neither the Master Servicer nor the Trustee shall accept any contributions of assets to any either REMIC created hereunder unless (subject to Section 10.01(f)) the Master Servicer and the Trustee shall have received an Opinion of Counsel (at the expense of the party seeking to make such contribution) to the effect that the inclusion of such assets in such REMIC will not cause the either REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding or subject the either REMIC to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.

Following the Startup Day. neither the Master Servicer nor the Trustee shall accept any contributions of assets to any REMIC created hereunder unless (subject to Section 10.01(f3.17(f)) the Master Servicer and the Trustee shall have received an Opinion of Counsel (at the expense of the party seeking to make such contributioncontributions) to the effect that the inclusion of such assets in such the REMIC will not cause the any REMIC created hereunder to fail to qualify as a REMIC at any time that any Certificates are outstanding or subject the any REMIC created hereunder to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.

Following the Startup Day. neither the Master Servicer nor the Trustee shall accept any contributions of assets to any the REMIC created hereunder unless (subject to Section 10.01(f2.06(f)) the Master Servicer and the Trustee shall have received an Opinion of Counsel (at the expense of the party seeking to make such contribution) to the effect that the inclusion of such assets in such the REMIC will not cause the REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding outstanding, or subject the REMIC to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.