Common use of Identity of the Assets of a REMIC Pool Clause in Contracts

Identity of the Assets of a REMIC Pool. In consideration for the transfer of the related Assets by the Depositor to a REMIC Pool, the Depositor (i) shall receive the REMIC Certificates issued by such REMIC Pool and (ii) may retain such REMIC Certificates or transfer them to the related Asset seller or otherwise, as the Depositor deems appropriate. With respect to each REMIC Pool, the Assets included therein may be identified in the related Terms Supplement, in an attachment thereto or by reference therein, or in some other document and/or may be identified on the books and records of the Depositor and the Administrator.

Appears in 13 contracts

Samples: Master Trust Agreement, Multiclass Certificates Master Trust Agreement, Multiclass Certificates Master Trust Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!