Common use of Initial Capital Contribution of Owner Trust Estate Clause in Contracts

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial corpus of the Trust and shall be deposited in the Certificate Distribution Account. The Owner Trustee also acknowledges on behalf of the Trust the receipt in trust of the Mortgage Loans, the rights with respect to the Derivative Contracts and the Special Certificate Cap Contract and the rights with respect to the representations and warranties made by the Seller under the Mortgage Loan Sale and Contribution Agreement which shall constitute the Owner Trust Estate.

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial corpus of the Trust and shall be deposited in the Certificate Distribution Account. The Owner Trustee also acknowledges on behalf of the Trust the receipt in trust pursuant to Section 3.01 of the Mortgage Loans, the rights with respect to the Derivative Cap Contracts and the Special Certificate Cap Contract and the rights with respect to the representations and warranties made by the Seller and the Responsible Party under the Mortgage Loan Sale and Contribution Agreement which shall constitute the Owner Trust Estate.

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial corpus of the Trust and shall be deposited in the Certificate Distribution Account. The Owner Trustee also acknowledges on behalf of the Trust the receipt in trust of the Mortgage Loans, the rights with respect to the Derivative Cap Contracts and the Special Certificate Cap Corridor Contract and the rights with respect to the representations and warranties made by the Seller under the Mortgage Loan Sale and Contribution Purchase Agreement which shall constitute the Owner Trust Estate.

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial corpus of the Trust and shall be deposited in the Certificate Distribution Account. The Owner Trustee also acknowledges on behalf of the Trust the receipt in trust of the Mortgage Loans, the rights with respect to the Derivative Contracts and the Special Certificate Cap Contract Contract, the rights with respect to the Seller Guarantee and the rights with respect to the representations and warranties made by the Seller under the Mortgage Loan Sale and Contribution Agreement Agreement, which shall constitute the Owner Trust Estate.

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial corpus of the Trust and shall be deposited in the Certificate Distribution Account. The Owner Trustee also acknowledges on behalf of the Trust the receipt in trust of the Mortgage Loans, the rights with respect to the Derivative Swap Agreements, the Cap Contracts and the Special Certificate Cap Corridor Contract and the rights with respect to the representations and warranties made by the Seller under the Mortgage Loan Sale and Contribution Purchase Agreement which shall constitute the Owner Trust Estate.

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial corpus of the Trust and shall be deposited in the Certificate Distribution Account. The Owner Trustee also acknowledges on behalf of the Trust the receipt in trust of the Mortgage Loans, the rights with respect to the Derivative Cap Contracts and the Special Certificate Cap Contract and the rights with respect to the representations and warranties made by the Seller under the Mortgage Loan Sale and Contribution Agreement which shall constitute the Owner Trust Estate.

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial corpus of the Trust and shall be deposited in the Certificate Distribution Account. The Owner Trustee also acknowledges on behalf of the Trust the receipt in trust of the Mortgage Loans, the rights with respect to the Derivative Contracts and the Special Certificate Cap Contract and the rights with respect to the representations and warranties made by the Seller under (i) the Mortgage Loan Sale and Contribution Agreement and (ii) the Subsequent Mortgage Loan Sale and Contribution Agreement which shall constitute the Owner Trust Estate.

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial corpus of the Trust and shall be deposited in the Certificate Distribution Account. The Owner Trustee also acknowledges on behalf of the Trust the receipt in trust of the Mortgage Loans, the rights with respect to the Derivative Contracts and the Special Certificate Cap Contract Contract, the rights with respect to the Seller Guarantee and the rights with respect to the representations and warranties made by the Seller under (i) the Mortgage Loan Sale and Contribution Agreement and (ii) the Subsequent Mortgage Loan Sale and Contribution Agreements which shall constitute the Owner Trust Estate.

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial corpus of the Trust and shall be deposited in the Certificate Distribution Account. The Owner Trustee also acknowledges on behalf of the Trust the receipt in trust of the Mortgage Loans, the rights with respect to the Derivative Contracts and the Special Certificate Cap Contract and the rights with respect to the representations and warranties made by the Seller under (i) the Mortgage Loan Sale and Contribution Agreement and (ii) the Subsequent Mortgage Loan Sale and Contribution Agreements which shall constitute the Owner Trust Estate.

Initial Capital Contribution of Owner Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Trust, as of the date hereof, the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial corpus of the Trust and shall be deposited in the Certificate Distribution Account. The Owner Trustee also acknowledges on behalf of the Trust the receipt in trust of the Mortgage Loans, the rights with respect to the Derivative Contracts and the Special Certificate Cap Contract and the rights with respect to the Seller Guarantee and the rights with respect to the representations and warranties made by the Seller under (i) the Mortgage Loan Sale and Contribution Agreement and (ii) the Subsequent Mortgage Loan Sale and Contribution Agreements which shall constitute the Owner Trust Estate.