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.

Appears in 11 contracts

Samples: Trust Agreement (Imh Assets Corp Collateralized Asset Backed Bonds Se 03 12), Trust Agreement (Impac CMB Trust Series 2003-8), Trust Agreement (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2004 4)

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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.

Appears in 6 contracts

Samples: Trust Agreement (New Century Home Equity Loan Trust, Series 2004-3), Trust Agreement (New Century Home Equity Loan Trust 2004-2), Trust Agreement (New Century Home Equity Loan Trust 2004-1)

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.

Appears in 3 contracts

Samples: Trust Agreement (American Home Mortgage Investment Trust 2005-4), Trust Agreement (American Home Mortgage Investment Trust 2005-2), Trust Agreement (American Home Mortgage Investment Trust 2005-1)

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.

Appears in 3 contracts

Samples: Trust Agreement (Imh Assets Corp Impac CMB Trust Series 2003-2f), Trust Agreement (Imh Assets Corp Impac CMB Trust Series 2002 9f), Trust Agreement (Imh Assets Corp Impac CMB Trust Series 2003-9f)

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.

Appears in 3 contracts

Samples: Trust Agreement (American Home Mortgage Investment Trust 2004-4), Trust Agreement (American Home Mortgage Investment Trust 2004-4), Trust Agreement (American Home Mortgage Investment Trust 2004-4)

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.

Appears in 1 contract

Samples: Trust Agreement (Imh Assets Corp)

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.

Appears in 1 contract

Samples: Trust Agreement (Imh Assets Corp)

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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.

Appears in 1 contract

Samples: Trust Agreement (Imh Assets Corp)

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.

Appears in 1 contract

Samples: Trust Agreement (Imh Assets Corp)

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.

Appears in 1 contract

Samples: Trust Agreement (Impac CMB Trust Series 2002-4f)

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